Workflow
资本市场包容性变革
icon
Search documents
以资本市场包容性变革畅通科创与资本对接通道
Zheng Quan Ri Bao· 2025-11-06 16:07
Core Insights - The article emphasizes the importance of enhancing the capital market's inclusivity towards new industries, new business models, and new technologies to support the growth of technology-driven enterprises and promote the development of new productive forces [1][2][3] Group 1: Capital Market Development - The capital market needs to adapt to the financing needs of technology-driven enterprises at various stages of development, which will strengthen the foundation of quality entities in the capital market [1][2] - The capital market's improvement in inclusivity will facilitate the transformation of technological achievements and promote resource integration and collaborative development across the industry chain [2][3] - The ongoing reforms in the Sci-Tech Innovation Board, including the introduction of specialized investors and optimized information disclosure, aim to retain quality technology companies and enhance market confidence [3][4] Group 2: Financing Mechanisms - A multi-tiered capital market system is essential to provide diverse financing channels for enterprises at different development stages, including the enhancement of the transfer and delisting mechanisms [4][5] - Financial product innovation should focus on attracting long-term funds, such as insurance and pension funds, to alleviate the funding challenges faced by hard-tech enterprises [5][6] - The stable injection of medium- and long-term funds is crucial for supporting the long-term R&D of technology-driven enterprises, with suggestions to relax investment restrictions and enhance tax incentives for these funds [6]