Fu Hao, Deputy General Manager of the Shanghai Stock Exchange: The Sci-Tech Innovation Board is expected to emerge a group of world-class "star" technology companies.

On November 13th, at the International Investors Conference of the Shanghai Stock Exchange, Fu Hao, Deputy General Manager of the Exchange, stated that the Science and Technology Innovation Board (STAR Market) will continue to play the role of "experimental field" in the capital market through institutional innovation, and will attract and nurture more outstanding world-class technology companies. It is expected that more technological innovation companies will emerge in the future. Since its establishment, the STAR Market has broken through traditional profit thresholds, allowing unprofitable enterprises, red-chip enterprises, and companies with special equity structures to go public, opening up a dedicated financing channel for science and technology enterprises. Over the past two years, the system has been continuously improved: on the issuance side, the "1+6" policy combination for the STAR Market has been introduced, and the fifth set of listing standards has been expanded to include frontier areas such as artificial intelligence and commercial aerospace; on the supervision side, the "Eight Measures for Science and Technology" have been implemented to optimize the mergers and acquisitions restructuring mechanism. Fu Hao mentioned that he firmly believes that under such a continuously innovative and transparent ecological environment, a group of world-class "star" technology companies are expected to emerge in the future on the Science and Technology Innovation Board, just as the English name of the STAR Market implies - a beautiful vision of having more rising star companies.