一财社论:营造让创新热情永不落幕的场域
Di Yi Cai Jing·2025-12-18 13:35

Group 1 - The core viewpoint emphasizes that the market performance of companies like Muxi Co., Ltd. and Moore Threads signifies the ignition of China's innovation-driven strategy, highlighting the government's unwavering support for innovation [2][3] - Muxi Co., Ltd. debuted on the STAR Market with a nearly sevenfold increase on its first day, marking it as the third highest stock price in A-shares, and investors could earn 395,200 yuan from a single subscription, making it the "most profitable new stock" in A-share history [2] - The recent Central Economic Work Conference underscored the critical role of innovation in economic development, advocating for a dual approach of policy support and reform innovation [2][3] Group 2 - The high premiums for innovative companies reflect market expectations for China's innovation capabilities, indicating a desire for substantial results rather than mere conceptual benefits [3][4] - The current financial market faces a shortage of quality assets, leading to a complex financial environment where low interest rates and financing costs create confusion and risk-averse sentiments among investors [3] - To transform initial sparks of innovation into widespread success, it is essential to establish a supportive policy environment that allows for corporate innovation freedom, ensuring that government actions facilitate rather than hinder innovation [4][5] Group 3 - The innovation-driven strategy must avoid monopolistic tendencies where resources are disproportionately allocated to a single company, which can stifle the true vitality of innovation [5][6] - A competitive market environment is crucial for fostering innovation, requiring a balance where the government supports innovation without dictating market winners [5][6] - Continuous innovation is necessary for progress, and a fair competitive landscape must be maintained to allow innovators to thrive [6]