According to @StockMKTNewz, citing the Wall Street Journal, Nasdaq is seeking to tighten its listing rules for small Chinese stocks (WSJ via @StockMKTNewz). The same source reports that the NYSE proposed a new rule requiring companies principally operating in China, including Hong Kong and Macau, to raise at least $25 million in an IPO to list on Nasdaq, among other changes (WSJ via @StockMKTNewz). For traders, this means China-based IPOs below $25 million would not qualify for a Nasdaq listing if the proposal is implemented, so monitoring the near-term IPO calendar for China-based issuers and potential deal sizing changes is warranted (WSJ via @StockMKTNewz).