解锁科创板新地图：“科创成长层”开通攻略在此！

Core Viewpoint - The article discusses the launch of the "Science and Technology Innovation Growth Layer" on the STAR Market, aimed at supporting unprofitable but promising technology companies, enhancing inclusivity for such firms in the market [5][19]. Summary by Sections Introduction to the Growth Layer - The "Science and Technology Innovation Growth Layer" was officially established on July 13, 2025, by the Shanghai Stock Exchange, marking a significant step in supporting the development of technology enterprises that are not yet profitable but have strong growth potential [5]. Access Guidelines - Investors who already have STAR Market trading permissions and have a risk tolerance assessment result of C4 (active) or above can trade stocks or depositary receipts listed after the new regulations are published, provided they sign a risk disclosure statement [7][11]. - For those who have not yet opened STAR Market trading permissions, they must first meet the basic requirements and then sign the risk disclosure statement to participate in trading [11]. Eligibility Requirements for Individual Investors - To open trading permissions for the STAR Market, individual investors must meet several criteria, including: 1. An average daily asset of no less than RMB 500,000 in their securities and funds accounts over the past 20 trading days (excluding funds and securities borrowed through margin trading) [12]. 2. At least 24 months of experience in securities trading [12]. 3. A strong understanding of the risks associated with STAR Market stocks, demonstrated by passing a knowledge test [12]. 4. A risk tolerance assessment result of C4 (active) or above [12]. Trading Process - Investors can access the "Science and Technology Innovation Growth Layer" through specific apps, such as the Shen Cai You Dao APP or Da Ying Jia APP, and must follow the outlined steps to open trading permissions [9][14]. Identification of Growth Layer Stocks - Stocks of companies listed in the Growth Layer will have a "U" identifier to indicate their unprofitable status. New registered stocks will be labeled with "成" for new registrations, while existing stocks will be marked with "成1" [17].