智通财经网·2025-06-18 23:15Group 1 - The "1+6" policy is a significant measure for the capital market to better serve technological innovation and the development of new productive forces, aiming to efficiently allocate resources through the market and promote original innovations and technological breakthroughs [1][2] - The policy includes the establishment of a "growth layer" in the Sci-Tech Innovation Board, specifically designed for high-potential technology companies that are currently unprofitable but have substantial R&D investments [2][3] - The introduction of six reform measures under the "1+6" policy aims to enhance the inclusivity and adaptability of the system for quality technology enterprises, including the expansion of the fifth listing standard to support more frontier technology sectors [2][3] Group 2 - The relaxation of IPO regulations on the Sci-Tech Innovation Board is expected to benefit investment banks and private equity direct investment businesses, with a notable increase in IPO underwriting scale [4] - In the first half of 2025, there were 48 IPO projects, with a total underwriting scale of 358.6 billion, reflecting a 21% year-on-year increase, indicating a positive trend for the investment banking sector [4] - The brokerage sector is viewed positively due to low valuations and institutional holdings, alongside continuous year-on-year growth in performance, with specific stock selection strategies recommended [4]