Di Yi Cai Jing Zi Xun·2026-01-05 01:40Group 1 - The Science and Technology Innovation Board (STAR Market) has seen significant growth since its establishment over seven years ago, with 600 listed companies and a total market capitalization exceeding 10 trillion yuan [1][3] - The STAR Market has raised over 1.1 trillion yuan through IPOs and refinancing, with more than 80% of companies in emerging industries such as new-generation information technology, biomedicine, and high-end equipment manufacturing [1][3] - The average R&D intensity of STAR Market companies remains above 10%, leading all A-share sectors, and over 100 STAR Market ETFs have been launched, with a total scale exceeding 310 billion yuan [1][3] Group 2 - STAR Market companies have achieved a compound annual growth rate of 19% in revenue and 8% in net profit over the past five years, based on 2019 figures [3] - The STAR Market has created a favorable investment environment, allowing investors to share in the benefits of China's technological innovation [1][3] - The STAR Market has established a "three highs and one strong" characteristic, focusing on high innovation, high technology, high financial performance, and strong institutional adaptability [4] Group 3 - The semiconductor and biomedicine sectors have become the main forces in achieving self-sufficiency, with 127 semiconductor companies listed on the STAR Market, accounting for 60% of the total A-share semiconductor companies [7][8] - The total market value of semiconductor companies on the STAR Market has reached 5 trillion yuan, representing half of the total market capitalization of the STAR Market [7] - Biomedicine companies on the STAR Market have raised a total of 184.2 billion yuan, with a combined market value of 1.75 trillion yuan, making it a major listing venue outside the US and Hong Kong [9][10] Group 4 - STAR Market has implemented policies to support the rapid development of semiconductor companies, including significant financing for R&D and high-quality mergers and acquisitions [8] - The STAR Market has also facilitated talent retention and attraction through stock incentive plans, with 93 semiconductor companies launching such plans, covering over 50,000 core technical or business personnel [8] - The STAR Market has become a backbone for China's innovative drug industry, with approximately 14% of the total number of domestically approved Class 1 new drugs coming from STAR Market companies [10]