科创板科创成长层首批3家新注册公司今日上市 制度创新引活水 资本市场助力科技更硬核

Core Points - The listing of three unprofitable companies on the Sci-Tech Innovation Board marks a significant step in facilitating the IPO path for hard-tech enterprises [1][2] - The "1+6" policy reform initiated by the China Securities Regulatory Commission aims to better serve technology innovation and enhance the integration of technological and industrial innovation [1][6] - The introduction of a differentiated lock-up mechanism for offline investors is designed to attract long-term investment and promote reasonable pricing of new shares [4][5] Group 1: New Listings - Three companies, He Yuan Bio, Xi'an Yicai, and Bibet, are the first to register under the Sci-Tech Innovation Board's growth layer, indicating a more inclusive listing environment for unprofitable tech firms [1][2] - He Yuan Bio is the first company to receive registration approval under the fifth set of standards since its reintroduction, with a focus on innovative drug development [2][3] - Xi'an Yicai, a leading manufacturer of 12-inch silicon wafers, is utilizing the fourth set of standards for its listing, emphasizing its strategic growth plans [3] Group 2: Policy Reforms - The "1+6" reform includes a comprehensive set of measures aimed at enhancing the adaptability and inclusiveness of the listing process for unprofitable enterprises [2][6] - The reform has led to an increase in the number of companies applying for listing, with 26 new applications received since the reform began, including eight unprofitable firms [6][7] - The expansion of the fifth set of standards to cover emerging sectors such as artificial intelligence and commercial aerospace reflects a response to the evolving landscape of hard-tech financing [6] Group 3: Investment Environment - The differentiated lock-up mechanism for offline investors aims to encourage professional institutions to focus on the long-term value of companies [4][5] - The enthusiasm for Sci-Tech Innovation Board ETFs has surged, with 21 new ETFs launched in four months, indicating a growing interest in the sector [7] - The total scale of products tracking the Sci-Tech Innovation Board has reached 300 billion yuan, directing funds towards key development areas in new productivity [7]