高瓴、正心谷出手！“资深专业机构投资者”，再现科创板

Core Viewpoint - Core Medical has submitted its IPO prospectus for the Sci-Tech Innovation Board, marking the first company to recognize two seasoned professional institutional investors since the introduction of the system in June this year [1] Group 1: Institutional Investors - The prospectus highlights two seasoned professional institutional investors: Hillhouse Capital and Zhengxin Valley Investment, both managing over 10 billion yuan [2] - Hillhouse Capital has invested in seven technology companies that have gone public on the Sci-Tech Innovation Board in the past five years, demonstrating rich investment experience and a good track record [2] - Zhengxin Valley Investment has invested in five technology companies that have gone public on the Sci-Tech Innovation Board in the past five years, also showcasing substantial investment experience and a solid track record [2] Group 2: Regulatory Background - In June, the China Securities Regulatory Commission (CSRC) introduced the pilot program for seasoned professional institutional investors to enhance the quality of companies listed on the Sci-Tech Innovation Board [4] - The program aims to effectively identify quality technology companies and improve the precision of resource allocation in the A-share market [4] - The CSRC has stated that the involvement of seasoned professional institutional investors will serve as a reference for the review process but will not constitute new listing conditions [4][6] Group 3: Recognition Standards - The recognition standards for seasoned professional institutional investors include having a sound governance structure, managing substantial assets, and a good credit record [5] - Investment experience requires that the institution has invested in at least five technology companies that have gone public on the Sci-Tech Innovation Board or ten on major domestic and foreign exchanges in the past five years [5] - Institutions must hold at least 3% of the issuer's shares or invest over 500 million yuan continuously for 24 months prior to the IPO application [5]