深交所李鸣钟：优化上市标准、简化重组审核 促进更多资源向科创集聚

Core Viewpoint - The Shenzhen Stock Exchange (SZSE) plays a crucial role in resource allocation and technological innovation, contributing significantly to the development of a modern industrial system and supporting high-quality innovative enterprises [1] Group 1: Support for Innovative Enterprises - SZSE has become a hub for high-growth quality companies, with 75% of its 2882 listed companies being high-tech enterprises and 47% from strategic emerging industries [2] - The ChiNext board features nearly 90% high-tech enterprises and about 70% strategic emerging enterprises, with a cumulative R&D investment exceeding 730 billion yuan during the 14th Five-Year Plan period, reflecting a compound annual growth rate of 11.4% from 2021 to 2024 [2] Group 2: Industry Chain and Value Chain Enhancement - SZSE supports emerging industries and the transformation of traditional industries, with a 124% year-on-year increase in major asset restructuring disclosures since the introduction of the "Six Merger Policies," with over 70% of acquisition targets aligning with new productivity development [3] - In the first 11 months of the year, SZSE accepted 117 refinancing applications, with 69 from the ChiNext board, accounting for 30% of the total market [3] Group 3: Comprehensive Service for New Productivity Development - SZSE has issued 2.75 trillion yuan in fixed income and REITs products in the first 11 months, expanding the bond market significantly [4] - The exchange has issued nearly 350 billion yuan in technology innovation bonds and launched 10 technology innovation bond ETFs with a market value of nearly 100 billion yuan [4] - Knowledge property securitization products have reached a scale of 36.345 billion yuan, supporting nearly 3000 technology SMEs and revitalizing over 8000 intellectual properties [4] Group 4: Future Directions - SZSE plans to enhance the functions of the bond market, technology exchange center, and technology financing platform, creating a "technology + capital" matching platform to support the transformation of technological achievements [6]