Group 1 - The core viewpoint is that the Sci-Tech Innovation Board (STAR Market) is evolving into an international market with a strong international gene and a friendly investment ecosystem for global investors [1][2] Group 2 - The operating activities of companies listed on the STAR Market are increasingly internationalized, with China's biopharmaceutical sector's business development (BD) transactions accounting for 38% of the global total in 2023 [1] - Foreign investment participation in the STAR Market is rising, facilitated by channels such as QFII, RQFII, and the Shanghai-Hong Kong Stock Connect, with over 3 trillion yuan in products tracking 33 STAR Market indices [1] - STAR Market companies prioritize communication with international investors, holding 3,425 performance briefings and conducting international roadshows, including bilingual presentations to enhance understanding of China's innovation value [2]

Core Viewpoint - The Shanghai Stock Exchange (SSE) emphasizes the internationalization of the Sci-Tech Innovation Board (STAR Market), highlighting its friendly investment ecosystem for international investors and its significant growth in the biopharmaceutical sector [1][2]. Group 1: Internationalization and Investment Ecosystem - The STAR Market is developing into an international market with strong international characteristics [1]. - The biopharmaceutical sector in China has seen rapid growth in business development (BD), accounting for 38% of global BD transactions this year [1]. - Foreign investment participation in the STAR Market is increasing, facilitated by mechanisms such as QFII and RQFII, as well as the Shanghai-Hong Kong Stock Connect [1]. Group 2: Investor Relations and Communication - STAR Market companies prioritize communication with international investors, conducting 3,425 performance briefings and international roadshows [2]. - The introduction of bilingual presentations and short videos aims to enhance global investors' understanding of China's innovation value [2]. Group 3: Future Developments and Market Reforms - The SSE plans to deepen capital market reforms to provide clearer visibility and stability for international investors [2]. - The STAR Market aims to empower technological progress and support high-quality financial development in line with China's modernization goals [2].