设立科创成长层 更好助力硬科技企业跨越发展周期

Group 1 - The establishment of the Sci-Tech Growth Layer aims to enhance the inclusiveness and adaptability of the regulatory framework for the Sci-Tech Innovation Board, providing a transitional platform for unprofitable tech companies to gain public recognition and access capital markets [1][2] - The new guidelines include 12 specific measures to clarify the positioning, scope, delisting conditions, information disclosure requirements, and risk disclosure for the Sci-Tech Growth Layer [1][2] - Since the launch of the Sci-Tech Innovation Board, 54 unprofitable companies have successfully listed, raising a total of 202.73 billion yuan, with 22 of these companies achieving profitability post-listing [2] Group 2 - The establishment of the Sci-Tech Growth Layer is seen as a key measure to support hard-tech companies in overcoming development cycles, allowing more unprofitable but high-potential tech firms to access capital market support [3][4] - The new layer is designed to attract diverse capital participation, enhancing the investment ecosystem and providing a solid foundation for long-term market development [4][5] - The differentiated institutional design of the Growth Layer aims to meet the funding needs of various risk profiles, thereby protecting the rights of small investors while boosting market confidence [4][6]