资本市场要当好创新放大器

Group 1 - The core viewpoint of the article emphasizes the acceleration of the capital market's support for technology innovation, as demonstrated by Yushu Technology's completion of its IPO guidance report, marking a significant step towards A-share market entry [1] - The emergence of high-quality technology companies, like Yushu Technology, reflects the rapid development of cutting-edge technologies such as artificial intelligence, biotechnology, and quantum technology, which are reshaping industry landscapes and driving the need for a supportive capital supply system [1][2] - The capital market is tasked with providing a nurturing environment for innovative companies, as evidenced by the introduction of more inclusive listing standards, such as the fifth set of listing standards for the Sci-Tech Innovation Board and the third set for the Growth Enterprise Market [1][2] Group 2 - The article highlights the importance of a capital market that not only provides financing but also enhances governance through targeted listing guidance, standardized information disclosure, and strict corporate governance requirements, helping technology companies improve management and risk resilience [2] - It stresses the need for a capital market capable of accurately identifying future value, focusing on a technology company's R&D team, technological barriers, and industry prospects rather than just current profitability [2] - The article calls for a capital market that can support long-term innovation efforts, recognizing that technological innovation is a marathon rather than a sprint, and emphasizes the need for patient capital that understands the nonlinear nature of innovation [3]