Group 1 - The core viewpoint emphasizes that the reform of the Sci-Tech Innovation Board (STAR Market) effectively considers industry characteristics and enterprise needs, broadening financing channels and accelerating industrial chain integration [1] - The STAR Market facilitates a virtuous cycle of "technology-industry-capital," promoting the integration of innovation chains, industrial chains, capital chains, and talent chains [2][3] - Over 60% of listed companies on the STAR Market have founding teams composed of scientists or industry experts, with nearly 30% of controlling shareholders also serving as core technical personnel [2] Group 2 - The STAR Market has seen a shift in investment focus towards "hard technology" sectors, with a notable emphasis on key areas that are critical for technological advancement [3] - The introduction of the fifth set of listing standards on the STAR Market aims to support high-quality unprofitable enterprises, reflecting a commitment to fostering innovation in emerging sectors [4][5] - The "1+6" policy measures are designed to enhance the STAR Market's role in supporting new industries and technologies, while also addressing investor protection and market balance [5][6]
跑出创新“加速度”
Shang Hai Zheng Quan Bao·2025-07-21 19:58