上交所：加快推进新一轮资本市场改革 不断增强市场吸引力和包容性

Group 1 - The Shanghai Stock Exchange (SSE) is actively promoting the implementation of policies such as the "1+6" reform framework for the Sci-Tech Innovation Board, aimed at enhancing the high-quality development of listed companies [1] - Since the introduction of the fifth set of listing standards, the SSE has received 15 IPO applications, including 4 from unprofitable companies, indicating a growing acceptance of diverse business models [1][2] - The SSE has organized outreach activities covering over 1,000 enterprises and market institutions, with more than 2,000 participants, to promote the policies supporting technological innovation [1] Group 2 - The SSE has initiated pre-communication with various commercial aerospace, artificial intelligence, and low-altitude economy companies to expand the fifth set of standards to relevant industries [2] - As of September 11, the SSE has launched 13 ETFs related to Sci-Tech innovation, with a total scale of approximately 280 billion, making it the highest proportion of index investment in A-shares [2] - The SSE is enhancing investor services, with 4.75 million investors having opened trading permissions for the Sci-Tech growth tier, indicating a significant influx of market liquidity [2] Group 3 - The SSE is fostering a new industrial system characterized by "hard technology," with significant growth in strategic emerging industries such as artificial intelligence and quantum information [3] - In the first half of the year, R&D investment by entities in the Shanghai market reached 432.6 billion, with Sci-Tech Innovation Board companies investing 84.1 billion, which is 2.8 times their net profit [3] - Traditional industries are also transforming and upgrading, with notable profit growth in sectors like steel and machinery, driven by technological innovation [3]