Zheng Quan Shi Bao Wang·2025-11-20 11:22Group 1 - The core viewpoint emphasizes the supportive policies from the government for technology enterprises, including allowing unprofitable companies to list on the Sci-Tech Innovation Board and the new "National Nine Articles" that stress support for technological innovation [1][2] - The development of the digital economy, consumer upgrades, and the demand for green transformation create a significant domestic market for technology innovation enterprises, forming a positive ecosystem for their development [1] - Guolian Minsheng Securities is enhancing its identification of technology enterprises through the establishment of industry expert teams, comprehensive financial services, and innovative value assessment systems, while adhering to professional standards [1] Group 2 - The company focuses on strategic cooperation, aligning with local leading industries, and employs a three-dimensional collaboration strategy of "investment + investment banking + research" to target specialized "little giant" and high-quality "hard technology" enterprises, particularly in national strategic frontier industries like commercial aerospace and low-altitude economy [1] - To further facilitate the technology-capital-industry cycle, there is an expectation for the market to optimize the inclusiveness of the listing system, improve patient capital support systems, and introduce tax incentives and risk compensation policies [2] - There is a call to broaden the coverage of financing tools, support brokerages in innovating technology financial products, and enhance the development environment for venture capital, while simplifying the cross-border listing process for Chinese technology enterprises to increase the attractiveness of China's capital market to global tech companies [2]