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提升包容性覆盖面精准度 资本市场力挺科创企业拓宽融资渠道
Zhong Guo Zheng Quan Bao·2025-08-07 21:07

Group 1 - The capital market will enhance support for technology innovation enterprises, with a focus on facilitating IPOs, mergers and acquisitions, and bond issuance through "green channels" for companies that break through key core technologies [1][2] - The guidance emphasizes the deep integration of the capital market with industrial upgrading, highlighting the use of various multi-level capital market tools to support technology enterprises [1][2] - Recent cases, such as Blue Arrow Aerospace and Jiangsu Yixin, indicate that the capital market's institutional inclusiveness is continuously improving, which is expected to further streamline the "green channels" for mergers and acquisitions [2] Group 2 - The guidance supports financing for emerging industries such as new generation information technology, intelligent vehicles, new energy, and biomedicine through multi-level capital markets [3] - There is a call for further improvement of the multi-level capital market system to better meet the listing needs of enterprises at different development stages, enhancing the service functions of the capital market for technology innovation [3] - Local governments are leveraging multi-level capital markets to support modern industrial development, with initiatives to accelerate the establishment of financial service systems that match modern industrial frameworks [3] Group 3 - The guidance proposes increasing investment underwriting for technology innovation bonds and expanding funding sources for digital infrastructure construction through various financial instruments [4] - Recommendations include deepening mechanism reforms in the bond market to create a long-term support mechanism for technology innovation, enhancing the flexibility and adaptability of bond market financing for tech enterprises [4] Group 4 - The REITs market is expected to gradually cover emerging fields such as artificial intelligence data centers and smart city IoT platforms, with the potential to release trillions in value by securitizing dispersed technology assets [5] - The expansion of the REITs market is anticipated to be exponential as more "new economy" assets enter the market, guiding social capital towards cutting-edge technology sectors [5]