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][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 to support the development of unprofitable technology enterprises with significant growth potential [5]. Access Guidelines - Investors who already have STAR Market trading permissions and a risk tolerance assessment of C4 (active) or above can trade stocks or depositary receipts listed after the new regulations on July 13, 2025, after signing a risk disclosure statement [7][11]. - For those without STAR Market trading permissions, they must first meet the basic requirements and open trading permissions before signing the risk disclosure statement to participate in the Growth Layer [11]. Eligibility Requirements - Personal investors must have an average asset of no less than RMB 500,000 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]. Trading Process - The trading process for the Growth Layer involves accessing the "Science and Technology Innovation Growth Layer" menu after opening permissions for the STAR Market [15]. - Stocks from the Growth Layer will have a "U" identifier to indicate their unprofitable status, with new registrations labeled as "成" and existing stocks labeled as "成1" [17]. Investment Characteristics - The Growth Layer focuses on unprofitable hard technology companies, characterized by high growth potential and volatility [19].