Group 1 - The report highlights the "1+6" policy system focusing on hard technology, aiming to enhance the inclusiveness and adaptability of the capital market, particularly for high-quality core technology enterprises [2][3] - The introduction of the Sci-Tech Growth Layer and the restart of the fifth listing standard on the Sci-Tech Innovation Board are significant breakthroughs in the capital market's inclusiveness and adaptability [3][4] - The fifth listing standard does not impose revenue or net profit requirements, facilitating the entry of non-profitable but competitive enterprises into the capital market [3][4] Group 2 - The report indicates that all non-profitable technology enterprises will be included in the Sci-Tech Growth Layer, with a unified special identifier "U" for their stock names, enhancing risk disclosure [4] - A new pre-review mechanism for IPOs targeting quality technology enterprises is introduced, which aims to improve IPO efficiency while protecting corporate information and technological security [4]
“1+6”政策体系聚焦硬科技,A股制度红利进一步释放
HUAXI Securities·2025-06-22 12:03