Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-06-24 03:48Group 1 - The core viewpoint of the article highlights the significant enhancement of support for technological innovation through the establishment of the Sci-Tech Innovation Board's growth layer and the expansion of the fifth set of listing standards [1] - The current development momentum in fields such as low-altitude economy, artificial intelligence, biotechnology, and commercial aerospace is strong, with the potential of new productive forces gradually emerging [1] - Over the six years since the establishment of the Sci-Tech Innovation Board, 54 unprofitable companies have successfully gone public, with 22 of them achieving profitability, and the remaining 20 companies under the fifth set of standards having a research and development intensity of 70.6%, significantly higher than the average level of the board [1] Group 2 - The reform will focus on supporting the listing of companies in cutting-edge fields such as artificial intelligence, commercial aerospace, and low-altitude economy, while also piloting a "pre-review mechanism" for IPOs and introducing seasoned professional institutional investors to optimize the listing process and enhance risk identification capabilities [1] - Accompanying mechanisms will clarify the standards for entering and exiting the market, strengthen risk warnings, and improve information disclosure requirements to further protect investors' rights [1] - The Sci-Tech Innovation and Entrepreneurship ETF tracks the Sci-Tech Innovation 50 Index, which is compiled by China Securities Index Co., Ltd., selecting 50 stocks with larger market capitalization and better liquidity from the Sci-Tech Innovation Board and the Growth Enterprise Market to reflect the overall performance of listed companies in the field of technological innovation [1]