SWHY(SZ:000166) 申万宏源证券上海北京西路营业部·2025-06-23 02:20Core Viewpoint - The China Securities Regulatory Commission (CSRC) is set to implement the "1+6" policy measures to further deepen the reform of the Sci-Tech Innovation Board, which is crucial for supporting technological innovation and enhancing market vitality [1]. Group 1: Policy Measures - The reform includes the establishment of a Sci-Tech Growth Tier and the reintroduction of the fifth set of listing standards for unprofitable companies, which significantly enhances the inclusiveness of the system in serving technological innovation [1]. - These measures are expected to release further market potential and strengthen the financial support for high-quality technology companies throughout their lifecycle [1]. Group 2: Market Impact - The optimized resource allocation resulting from these reforms is anticipated to substantially enhance the intrinsic value and core competitiveness of the capital market [1]. - The advantages of the Sci-Tech Innovation Board as a "testing ground" will become more pronounced under precise policy guidance, injecting strong momentum into China's technological and industrial innovation [1].