证监会：扩大第五套标准适用范围 支持人工智能、商业航天、低空经济等更多前沿科技领域企业适用

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has introduced six reform measures to enhance the inclusiveness and adaptability of the system for high-quality technology enterprises on the Sci-Tech Innovation Board, particularly focusing on emerging sectors like artificial intelligence, commercial aerospace, and low-altitude economy [1] Group 1: Reform Measures - The introduction of a pilot program for seasoned professional institutional investors for companies eligible under the fifth listing standard on the Sci-Tech Innovation Board [1] - A trial mechanism for pre-IPO review aimed at high-quality technology enterprises to improve the efficiency of pre-communication services by the stock exchange [1] - Expansion of the applicability of the fifth listing standard to support more enterprises in cutting-edge technology fields such as artificial intelligence, commercial aerospace, and low-altitude economy [1] Group 2: Support for Enterprises - Support for unprofitable technology enterprises under review to conduct capital increases and share expansions targeting existing shareholders [1] - Improvement of the institutional mechanisms supporting the development of listed companies on the Sci-Tech Innovation Board [1] - Enhancement of the market functions to coordinate investment and financing on the Sci-Tech Innovation Board [1]