Securities Times | Chairman Qiu Yong from Shanghai Stock Exchange: Deepen Reform on Investment Side, Foster Patient Capital and Long-Term Capital

Deepen Reform on Investment Side, Foster Patient Capital and Long-Term Capital

On October 28, at the listing ceremony for the first batch of newly registered companies on the STAR Market Growth Tier, Qiu Yong, Chairman of the Shanghai Stock Exchange (SSE), stated in his address that the next steps will involve promoting coordinated development of investment and financing, enhancing market attractiveness and competitiveness, continuously deepening reforms on the investment side, and focusing on cultivating patient capital and long-term capital. Efforts will also include vigorously developing index-based investment, continuously improving the quality and investment value of listed companies, and accelerating the creation of a market ecosystem where "capital is willing to come, companies can stay, and investors receive returns".

Actively Explore Regulatory Methods Adapted to the Laws of Technological Innovation

On October 28, at the listing ceremony for the first batch of newly registered companies on the STAR Market Growth Tier, Qiu Yong, Chairman of the SSE, stated in his address that the next steps will involve actively exploring regulatory methods adapted to the laws of technological innovation, continuously strengthening market confidence and expectations for sci-tech innovation enterprises.

Deepen Adaptive Reforms in Areas Such as Issuance, Underwriting, Refinancing, and M&A

On October 28, at the listing ceremony for the first batch of newly registered companies on the STAR Market Growth Tier, Qiu Yong, Chairman of the SSE, stated in his address that the next steps will involve enhancing institutional inclusiveness and adaptability, deepening reforms in areas such as issuance, underwriting, refinancing, and mergers and acquisitions to better align with market needs, and guiding the accelerated aggregation of various resource elements toward the sci-tech innovation Tier.

Support More Frontier Technology Fields, Including AI, in Applying the Fifth Set of Standards

On October 28, at the listing ceremony for the first batch of newly registered companies on the STAR Market Growth Tier, Qiu Yong, Chairman of the SSE, stated in his address that the next steps will involve further leveraging the STAR Market's role as a "test ground", strengthening admission reviews to better identify high-quality sci-tech enterprises, and supporting more frontier technology fields, such as artificial intelligence, commercial aerospace, and the low-altitude economy, in applying the fifth set of standards. The SSE will also support the listing of hard-tech companies with the potential to compete globally.

Editor: Wan Jianyi

Proofreader: Li Lingfeng