证监会：提高科创板新注册未盈利科技型企业摘除特殊标识“U”的标准 投资者投资科创板成长层的资金门槛保持不变

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is enhancing the standards for removing the special identifier "U" for newly registered unprofitable technology companies on the Sci-Tech Innovation Board, while maintaining the investment threshold for investors in the growth tier of the board [1] Group 1: Investor Protection Measures - The CSRC emphasizes risk disclosure and investor protection through several targeted institutional arrangements, including the uniform setting of the special identifier "U" for companies in the growth tier [1] - New standards for removing the "U" identifier for newly registered unprofitable technology companies will be raised [1] - Companies are required to regularly disclose reasons for unprofitability and its impacts, as well as to highlight risks [1] - Securities firms must enhance multi-dimensional risk assessments for investors and fully inform them of risks [1] - Individual investors are required to sign a specialized risk disclosure document for investments in growth tier companies [1] Group 2: Institutional Stability - Basic systems such as issuance and listing will remain unchanged [1] - Conditions for existing unprofitable companies to remove the "U" identifier will also remain unchanged [1] - The investment threshold for investors in the growth tier of the Sci-Tech Innovation Board will be maintained [1] Group 3: Future Directions - The CSRC will continue to strictly control the entry standards for issuance and listing, ensuring the quality of listed companies aligns with the "hard technology" positioning of the Sci-Tech Innovation Board [1]