Group 1 - The core viewpoint of the news is that the Chinese government is enhancing financial support for technological innovation through a series of new policies aimed at facilitating the listing of unprofitable innovative companies on the stock market [1][2][4] - The establishment of a "growth layer" on the Sci-Tech Innovation Board (科创板) aims to provide more precise services for high-quality tech companies with significant breakthroughs and commercial prospects [2][4] - The introduction of a third standard on the ChiNext Board (创业板) will also support the listing of high-quality unprofitable innovative enterprises [3] Group 2 - The China Securities Regulatory Commission (CSRC) is implementing a "1+6" policy framework to deepen reforms on the Sci-Tech Innovation Board, which includes the reintroduction of the fifth listing standard for unprofitable companies [2] - The new measures will enhance information disclosure, risk disclosure, and investor suitability management, while also expanding the scope of the fifth standard to include more frontier technology sectors such as artificial intelligence and commercial aerospace [2][4] - The AIC (Asset Investment Company) equity investment pilot program is being accelerated, with efforts to promote direct equity investments and mergers and acquisitions loans for tech companies [5]
科技创新迎来金融“硬支撑”!支持优质未盈利创新企业上市
Guang Zhou Ri Bao·2025-06-18 17:01