资本激活“双新”潜能 铸就产业升级强劲动力

Core Viewpoint - The capital market is becoming a core engine driving the integration of "new technologies and new industries," with various boards like the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange facilitating the growth of innovative companies [1][4]. Group 1: Capital Market Support for Innovation - The capital market serves as a catalyst for technological innovation and a facilitator for industrial transformation, enabling companies to accelerate R&D and expand production capacity [2][3]. - Companies like Teabo Bio and Lansi Technology have successfully leveraged capital market tools to enhance their R&D capabilities and seize market opportunities [2][3]. - The establishment of the Beijing Stock Exchange has provided specialized support for small and medium-sized enterprises, allowing them to access capital earlier in their growth stages [2][4]. Group 2: Challenges in Capital Market - Despite the progress, the capital market faces challenges such as insufficient institutional inclusivity, a shortage of long-term capital supply, and the need for improved collaboration between academia, industry, and research [1][5]. - Many innovative companies encounter financing gaps, which hinder the continuity of the industrial innovation chain [5][6]. - The current regulatory environment may limit the ability of the capital market to fully support high-growth, high-risk technology enterprises [5][7]. Group 3: Recommendations for Improvement - Experts suggest enhancing differentiated market systems and creating a virtuous ecosystem for financing, transformation, and upgrading to better support the integration of new technologies and industries [1][6]. - There is a call for the development of a more comprehensive range of financing tools and mechanisms to facilitate the entry and exit of innovative companies in the capital market [7][8]. - The need for a deeper integration of industry, academia, and research is emphasized to overcome barriers in the commercialization of technological innovations [5][6].