AI Technology

Search documents
科创板六周年!上市公司“掌门人”寄语!
中国基金报· 2025-07-22 02:39
Core Viewpoint - The article highlights the significant role of the Sci-Tech Innovation Board (STAR Market) in supporting technological innovation and the development of high-quality enterprises in China over the past six years, showcasing its achievements and future expectations for continued reform and support for tech companies [1]. Group 1: Impact of STAR Market on Companies - The STAR Market provides a more open, inclusive, and efficient capital market environment for technology companies, leading to significant improvements in governance, innovation, competitiveness, and operational capabilities for companies like Haiguang Information [4][5]. - Companies like Zhongkong Technology have experienced a milestone transformation post-listing, benefiting from ample funding for R&D and exploration in AI and robotics, thereby solidifying their market position in industrial automation [7][8]. - The STAR Market has enhanced the capital market's inclusivity and support for high-quality, unprofitable companies, as exemplified by Baili Tianheng's focus on innovative drug development in oncology, enabled by the registration system reform [11][12]. Group 2: Future Expectations for STAR Market - There is an anticipation for the STAR Market to continue optimizing support mechanisms for tech companies, particularly in R&D investment and result transformation, to facilitate more technological breakthroughs [8]. - The introduction of policies such as the growth tier and the resumption of the fifth listing standard is expected to further support the growth of innovative companies like Zhejing Pharmaceutical, enhancing the capital market's role in fostering technological innovation [14][15]. - Companies like Tuojing Technology view the STAR Market as an accelerator for growth, emphasizing the need for continued reform to optimize valuation mechanisms and broaden long-term funding channels for hard tech enterprises [17].