科创板汇聚创新动能更好服务高水平科技自立自强

Core Insights - The Shanghai Stock Exchange (SSE) held a conference focusing on the implementation of the "1+6" policy measures for the Sci-Tech Innovation Board, aiming to enhance the attractiveness and inclusiveness of the capital market [1] - Over 90% of companies listed on the Sci-Tech Innovation Board received support from equity investment institutions before going public, highlighting the collaborative nature of technological innovation involving multiple stakeholders [1] Group 1: Policy and Market Support - The SSE is committed to improving communication with market institutions to better implement the "1+6" policy and foster a favorable capital market ecosystem [1] - The Sci-Tech Innovation Board has supported 589 tech companies with a total IPO fundraising amount exceeding 925.7 billion yuan and refinancing exceeding 226.9 billion yuan, cumulatively supporting over 1 trillion yuan [2] - The board focuses on strategic emerging industries, with over 80% of companies in key technology sectors like integrated circuits and biomedicine, creating a demonstration effect that strengthens related industrial chains [2] Group 2: Recent Developments - The introduction of the "1+6" reform measures has led to the registration of three unprofitable tech companies under the new standards, indicating a more inclusive approach to IPOs [2] - The SSE has seen a notable increase in IPO project efficiency, exemplified by the 88-day process for the IPO application of Moore Threads Technology [2] - Wuhan Heyuan Biotechnology Co., Ltd. is the first company to initiate its issuance under the new standards, marking a significant milestone for the Sci-Tech Innovation Board [3] Group 3: Mergers and Acquisitions - The SSE has optimized its merger and acquisition mechanisms, with over 300 companies issuing Sci-Tech bonds totaling 1.17 trillion yuan since the pilot program began in 2021 [4] - The "Merger Six" policy has led to 111 new major asset merger and acquisition transactions, with a total transaction value exceeding 300.7 billion yuan [4] - Traditional companies are increasingly using mergers to transform and upgrade, with nearly 30 transactions aimed at transitioning from traditional industries to high-tech sectors [4]