科创板投资吸引力跃升 科创综指年内涨幅已逾20%

Group 1 - The core driving force for economic growth and industrial transformation is technological innovation, with the Sci-Tech Innovation Board (STAR Market) emerging as a key platform for technology stocks since 2025, supported by policy and technological breakthroughs [1][2] - As of August 11, the STAR Market Composite Index has increased by 22% year-to-date, significantly outperforming broader indices like the CSI 300 and SSE 50, indicating strong market confidence in "hard technology" [1][2] - The STAR Market has seen a substantial increase in listed companies, reaching 589 with a total market capitalization exceeding 7 trillion yuan, with over 80% of companies in emerging industries such as new-generation information technology and biomedicine [2][3] Group 2 - The growth potential of "hard technology" companies on the STAR Market has been a crucial support for the recent rise in technology stocks, particularly in the AI sector, where domestic models like DeepSeek have driven significant capital expenditure growth [2][3] - The STAR Market's AI and chip indices have recorded cumulative increases of 109% and 95% respectively since September 2022, reflecting high market enthusiasm for these sectors [2][3] Group 3 - The performance of innovative pharmaceutical companies on the STAR Market has been a highlight in the technology stock rally, with significant milestones achieved in drug development and commercialization [4] - Notable achievements include a record-breaking $12.5 billion upfront payment for a PD-1/VEGF dual antibody candidate and the approval of multiple new drugs, showcasing the competitive strength of Chinese innovative drugs [4] Group 4 - The STAR Market has implemented a series of reforms to enhance the inclusivity and adaptability of quality technology companies, including the establishment of a growth tier for unprofitable tech firms, which has improved liquidity and investor engagement [5][6] - The introduction of 32 STAR Market indices has provided a diverse range of investment options, attracting approximately 200 million investors and significantly increasing the scale of STAR Market ETFs [7][8]