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 [5]. Group 1: 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 new phase for the STAR Market [5]. - This layer is designed to enhance inclusivity for technology companies that are not yet profitable but have significant growth potential [9]. Group 2: Access and Participation - Investors who already have STAR Market trading permissions and meet a risk tolerance assessment of C4 (active type) or above can trade stocks or depositary receipts listed after the new regulations [7]. - For investors without STAR Market trading permissions, they must first meet the basic requirements and then sign a risk disclosure statement to participate in the Growth Layer [11]. Group 3: Eligibility Requirements - Personal investors must have an average asset of no less than 500,000 RMB in their securities and funds accounts over the past 20 trading days, excluding funds and securities obtained through margin trading [12]. - Investors must have at least 24 months of trading experience and pass a knowledge test on STAR Market trading risks [12]. Group 4: Identification of Growth Layer Stocks - Stocks from the Growth Layer will have a "U" identifier to indicate their unprofitable status, with new registered stocks labeled as "成" and existing stocks labeled as "成1" [17].