● 本报记者 昝秀丽 "目前A股科技板块市值占比超过1/4""市值前50名公司中科技企业从'十三五'末的18家提升至当前的24 家""近五年，交易所市场股债融资合计达到57.5万亿元，直接融资比重稳中有升，较'十三五'末提升2.8 个百分点，达到31.6%"……中国证监会主席吴清日前在国新办举行的新闻发布会上介绍"十四五"时期金 融业成就时给出的一组数据清晰地显示，资本市场含"科"量正持续提升。 资本市场服务科技创新能跑出加速度，得益于投融资相协调的市场功能不断健全，以及政策向"新"倾 斜。吴清明确表示，证监会将增强多层次市场体系的适配性，以科创板、创业板"两创板"改革为抓手， 推进发行上市、并购重组等制度改革，更大力度支持创新。业内人士认为，诸多提升制度包容性的举措 值得期待。 壮大耐心资本是更好地服务科技创新全生命周期的关键一环。近年来，国家层面出台促进股权创业投资 发展的支持政策，国办去年印发的"创投十七条"，涵盖创投募投管退全链条，支持创业投资高质量发 展。证监会不断深化改革，积极推动优化股权创业投资行业生态，努力畅通募资端、投资端、退出端等 环节运行机制…… LP投顾创始人国立波认为，这些制度安排彰 ...

Group 1 - The core viewpoint of the articles highlights the increasing role of the capital market in supporting technological innovation and high-quality economic development, with a significant rise in the market capitalization of technology companies in the A-share market [1][2][3] - As of the end of the "Thirteenth Five-Year Plan," the number of technology companies among the top 50 by market capitalization in A-shares increased from 18 to 24, indicating a growing emphasis on technology within the market [1] - The proportion of high-tech enterprises among newly listed companies during the "Fourteenth Five-Year Plan" period exceeds 90%, showcasing a strong focus on innovation [1][2] Group 2 - The private equity and venture capital fund management scale reached 14.4 trillion yuan, with 15,000 projects under investment, reflecting a robust investment environment for small and medium-sized enterprises and high-tech companies [2] - The issuance of technology innovation corporate bonds has reached 1.77 trillion yuan since their introduction in March 2021, providing diversified financing channels for technology innovation enterprises [2][3] - The implementation of new policies, such as the "New National Nine Articles" and the "1+N" policy framework, has enhanced the stability and adaptability of the capital market, promoting a more inclusive investment ecosystem [3][4] Group 3 - The regulatory policies are continuously evolving to support the entire lifecycle of technology enterprises, with a focus on enhancing the adaptability and inclusiveness of the capital market [4][5] - The capital market is encouraged to innovate financial products tailored to the characteristics of technology companies, such as long cycles, high risks, and light assets [5] - Suggestions include creating hybrid products like "convertible bonds + technology options" to align investment returns with technological milestones, thereby balancing risk and reward [5]