科创板六周年政策红利释放，半导体并购潮重塑全球价值链

Group 1 - The Shanghai Stock Exchange's Sci-Tech Innovation Board (STAR Market) has officially celebrated its 6th anniversary, emphasizing its focus on "hard technology" with over 60% of the 588 listed companies in integrated circuits, biomedicine, and high-end manufacturing [1] - The China Securities Regulatory Commission (CSRC) released eight measures to deepen the reform of the STAR Market, injecting vitality into its development [1] - M&A activities in the STAR Market are gaining momentum, with companies like Huahai Chengke pursuing significant acquisitions to break overseas technology monopolies and enhance their capabilities in high-end packaging materials [1] Group 2 - The semiconductor industry, characterized by high "hard technology" content, has seen a surge in M&A activities following the CSRC's revision of regulations to support resource optimization through mergers and acquisitions [2] - Notable transactions include Haiguang Information's acquisition of Zhongke Shuguang and Guokewi's acquisition of Zhongxin Ningbo, reflecting a trend of "strong-weak alliances" and a strategic move for Chinese hard technology firms to ascend the global value chain [2] - Huachuang Securities indicates that the integration of leading companies in the tech sector is accelerating, supported by multi-layered policy incentives aimed at enhancing core competitiveness through industry chain consolidation [2] Group 3 - The STAR Market Composite Index ETF closely tracks the performance of the STAR Market, while the Semiconductor Materials ETF selects leading companies in the equipment and materials sectors, covering critical processes like lithography and etching [3] - Key constituents such as Beifang Huachuang and Hu Silicon Industry are becoming central players in the upgrade of the hard technology industry through technological breakthroughs and M&A activities [3]