CSRC Vice Chairman Li Chao: Accelerate research and planning of strategic tasks and major initiatives for the capital market during the 15th Five-Year Plan period.
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The China Securities Regulatory Commission (CSRC) is stepping up efforts to draw up a blueprint for capital market development for the next five-year plan period.
On October 28, at the listing ceremony of the first batch of newly registered enterprises on the Sci-Tech Innovation Board's Growth Segment, CSRC Vice Chairman Li Chao stated, the CSRC will promptly study and plan the strategic tasks and major initiatives for the capital market during the "Fifteenth Five-Year Plan" period, firmly grasping the main lines of risk prevention, strong regulation, and promoting high-quality development, and resolutely following the path of financial development with Chinese characteristics.
Li Chao emphasized, deepen comprehensive reforms in capital market investment and financing as a driving force, fully implement a new round of capital market reform and opening up, and continuously enhance the inclusiveness, adaptability, attractiveness, and competitiveness of China's capital market.
The regulators plan to continuously improve institutional inclusiveness and adaptability through reforms, and improve the capital market function of coordinating investment and financing.
The "testing ground" role of the Sci-Tech Innovation Board becomes increasingly evident
Li Chao said that the "testing ground" role of the Sci-Tech Innovation Board reforms is becoming increasingly evident, leading and driving the continuous improvement of foundational systems across the entire market.
Li Chao put forward specific requirements for companies and market institutions on the Sci-Tech Innovation Board. He hopes that listed companies make full use of reform policies, improve corporate governance, enhance development quality, and increase returns for investors.
At the same time, Li Chao hopes that industry institutions will further enhance their professional competence and practice quality, to better serve real-sector enterprises and investors.
In his speech, Li Chao stated that the Sci-Tech Innovation Board has effectively supported a number of high-tech enterprises in fields such as integrated circuits and biomedicine, and the strong momentum of serving technological innovation is accelerating.
The first batch of newly registered companies on the Sci-Tech Innovation Growth Segment are listed today
According to CCTV reports, the first batch of three newly registered companies on the Sci-Tech Innovation Growth Segment have officially listed on the Sci-Tech Innovation Board today. It has only been 4 months and 10 days since the CSRC announced the establishment of the Sci-Tech Innovation Growth Segment within the Sci-Tech Innovation Board.
Among the first three companies newly registered in the Sci-Tech Innovation Growth Segment, two are high-tech enterprises in the biomedicine field and one is from the semiconductor materials field; all three are loss-making at present.
In June this year, the CSRC announced the establishment of the Sci-Tech Innovation Growth Segment on the Sci-Tech Innovation Board, focusing on serving technology enterprises with significant technological breakthroughs, broad business prospects, and sustained R&D investment, but which are still in the unprofitable stage.
Since the beginning of this year, 11 companies have listed on the Sci-Tech Innovation Board, raising a total IPO amount of 16.95 billion yuan, a year-on-year increase of 54%.
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