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Core Points - The first batch of newly registered companies has been listed on the Sci-Tech Innovation Board's growth tier, marking a significant step in the capital market's support for technological innovation and new productive forces [1] - Since the establishment of the Sci-Tech Innovation Board in November 2018, the China Securities Regulatory Commission (CSRC) has worked with market participants to develop the board, which has shown stable and positive market operations and increasingly effective reforms [1] - The CSRC has introduced major policy measures such as the "Eight Articles for the Sci-Tech Innovation Board" and "Six Articles for Mergers and Acquisitions" to enhance the board's functionality and support high-tech enterprises in fields like integrated circuits and biomedicine [1] Industry Insights - The CSRC encourages Sci-Tech Innovation Board companies to effectively utilize reform policies, improve corporate governance, and enhance development quality and investor returns [2] - The CSRC is committed to implementing the major deployments from the 20th National Congress, focusing on risk prevention, strong regulation, and promoting high-quality development in the capital market [2] - The ongoing reforms aim to enhance the inclusiveness, adaptability, attractiveness, and competitiveness of China's capital market, aligning with the goals of the 14th Five-Year Plan and the construction of a financial power [2]