多层次资本市场培育新质生产力蹄疾步稳
Zheng Quan Ri Bao·2025-10-29 17:20

Group 1 - The launch of the first three registered companies in the Sci-Tech Innovation Board's growth tier marks a significant step in capital markets supporting the development of new productive forces [1] - The A-share market shows robust vitality, with the Shanghai Composite Index surpassing 4000 points, reaching a ten-year high, and the total market capitalization exceeding 100 trillion yuan, reflecting a revaluation of technology assets [1] - Regulatory bodies and market participants are collaboratively enhancing the capital market's service capabilities for technology innovation, significantly increasing its resilience and innovative vitality [1] Group 2 - The regulatory authorities have introduced the "1+6" policy measures for the Sci-Tech Innovation Board, improving precision in serving hard-tech enterprises [2] - The establishment of a third set of standards for the ChiNext Board aims to provide more tailored financial services for emerging industries and innovative enterprises [2] - The multi-tiered capital market structure is becoming increasingly refined, providing strong financial support for the entire lifecycle of technology enterprises [2] Group 3 - Securities firms are focusing on the financing needs of technology enterprises, optimizing investment banking services, and enhancing industry research and valuation capabilities [3] - Accounting firms are ensuring the reliability of financial information through strict adherence to auditing standards, while law firms are enhancing corporate governance and compliance systems [3] - The shift in investor structure, with increased participation from institutional investors, is optimizing the market's capital supply and promoting a positive interaction between technology, industry, and finance [3] Group 4 - The recently released proposal for the 15th Five-Year Plan emphasizes improving the inclusiveness and adaptability of capital market systems, establishing a framework for future reforms [4] - Systematic optimization of capital market functions is expected to enhance the quality of services for new productive forces and support high-level technological self-reliance [4]