资本市场为科技创新注入强劲动能

Group 1 - The capital market plays a crucial role in connecting technology, industry, and finance, significantly contributing to technological innovation and high-quality economic development [1] - The Ministry of Science and Technology has announced measures to enhance the capital market's ability to support technological innovation, including a "green channel" for key technology enterprises to facilitate financing, mergers, and bond issuance [1] - The capital market is increasingly inclusive, with policies being introduced to support financing for innovative enterprises, including broadening financing channels and allowing unprofitable innovative companies to go public [1][2] Group 2 - Since 2021, the STAR Market has seen 376 companies go public, raising over 600 billion yuan, indicating a robust growth in the technology finance system [2] - The merger and acquisition market has seen over 184 new projects disclosed since the introduction of the "merger six rules," focusing on major reorganizations aimed at core business and strategic cooperation [2] - The introduction of the "technology board" in the bond market has provided long-term, low-interest financing options for technology enterprises, with 288 entities issuing over 600 billion yuan in technology innovation bonds [2] Group 3 - The capital market has effectively matched innovation demands through risk diversification, precise pricing, and convenient exit strategies, showing significant results in serving technology innovation [3] - The establishment of a multi-tiered capital market system has improved the investment chain for angel, venture, and equity investments, optimizing the technology innovation ecosystem [3] - Future enhancements to the capital market's adaptability to technology innovation may include expanding support in the bond market, deepening reforms in the multi-tiered capital market system, and improving foundational systems for better information disclosure [3]