让国际投资者“看得清、投得稳”、让科创企业“走得远、发展好”、让资本配置“更顺畅、更高效”—— 培育一批世界级“明星”科技企业 科创板重任在肩未来可期

Group 1 - The STAR Market is expected to nurture world-class technology companies, with a focus on creating a friendly and inclusive environment for hard-tech enterprises [1] - Since its establishment in 2019, the STAR Market has allowed unprofitable companies and those with special share structures to list, providing a dedicated financing channel for innovative enterprises [1] - The STAR Market has gathered 115 biopharmaceutical companies, making it the third-largest biopharmaceutical listing venue globally, contributing to China's goal of becoming a hub for biopharmaceutical innovation [1] Group 2 - Chinese innovative pharmaceutical companies need to achieve sales of $1 billion to $2 billion overseas to be considered world-class, indicating a growing capability in research and development [2] - Mergers and acquisitions are seen as a viable path for Chinese companies to become international players, with a focus on establishing core competencies and competitive barriers [2] - Achieving revenue of 10 billion yuan is viewed as a benchmark for demonstrating global competitiveness in the industry [2] Group 3 - Internationalization is a key factor in determining world-class status, with emphasis on intellectual property, product quality, and reputation rather than just sales figures [3] - The business development (BD) activities in China's biopharmaceutical sector have rapidly increased, with Chinese BD transactions accounting for 38% of global activity this year [3] - Companies are increasingly looking to license out their products to maximize the value of innovative drugs, with a focus on serving both domestic and global markets [3] Group 4 - The Chinese capital market is undergoing reforms to enhance transparency and efficiency, aiming to attract international investors and support the growth of innovative companies [4] - Key factors for becoming a world-class company include industry opportunities, international environment, continuous innovation capability, and an inclusive team [4] - There is a strong belief among industry participants that China will produce world-class companies in the future [4]