Member of the Standing Committee of the Shanghai Municipal Committee and Executive Vice Mayor Wu Wei: Fully Support Continued Deepening of STAR Market Reform

On October 28, at the listing ceremony for the first batch of newly registered companies on the STAR Market Growth Tier, Wu Wei, Member of the Standing Committee of the Shanghai Municipal Committee and Executive Vice Mayor, stated that as the birthplace and core hub of the STAR Market, Shanghai will fully leverage its collaborative mechanism with the CSRC to support the accelerated construction of Shanghai's "Five Centers". The city is committed to supporting the ongoing deepening of the STAR Market's institutional reforms. Additionally, Shanghai has launched upgraded initiatives such as the "Spark of the Huangpu" action plan to capitalize on its strengths as a global hub for scientific innovation and a modern industrial system. These efforts aim to continuously bridge the gap for "hard-tech" enterprises seeking access to capital markets and fulfill Shanghai's responsibility in serving national strategic goals. (Huang Siyu, YICAI)