Science and Technology Innovation Board opens with gongs

At around 9:30 am on the 22nd, with the sound of the opening gong, the first batch of 25 Sci Tech Innovation Board stocks were listed and traded on the Shanghai Stock Exchange, marking the official opening of the Sci Tech Innovation Board.

The listing ceremony was held in the trading hall on the fifth floor of Shanghai Securities Building. The red background and white text on the large screen of the trading hall, which reads' Ceremony of the First Batch of Companies Listed on the Science and Technology Innovation Board ', reflect the entire hall with a red glow.

The establishment of the Science and Technology Innovation Board and the pilot registration system shoulder the mission of leading economic development towards innovation driven transformation, and also carry the original intention of reforming the basic system of the capital market. It plays a unique role in further enhancing the functions of the capital market, better serving the supply side structural reform and high-quality development, "said Li Chao, Vice Chairman of the China Securities Regulatory Commission, in his speech.

The first batch of 25 enterprises all belong to the high-tech industries and strategic emerging industries supported by the Science and Technology Innovation Board, such as new generation information technology, high-end equipment, biomedicine, etc. Their R&D investment is significantly higher than that of existing comparable A-share companies.

At around 9:15, representatives from each of the nine provinces and cities where the first batch of science and technology innovation enterprises are located took the stage to sign listing and registration agreements with the Shanghai Stock Exchange and China Securities Depository and Clearing Corporation, completing the final process before listing.

The Science and Technology Innovation Board has launched a series of new policies to enable science and technology innovation enterprises to achieve leapfrog development at a faster pace, "said Yin Zhiyao, Chairman of Zhongwei Company. The Science and Technology Innovation Board is becoming a driving force for the rapid development of the country's high-tech field.

Subsequently, the main leaders of 25 companies took the stage to witness the gong beating ceremony. The sound of gongs rang out, and the real-time trading prices of these 25 stocks quickly rolled out on the large screen of the trading hall, marking the beginning of the "trading time" for the Sci Tech Innovation Board.

The series of institutional innovations in the Science and Technology Innovation Board can provide many leading experiences for further deepening the reform of China's capital market and promote its maturity, "said Bao Fan, Chairman of Huaxing Capital.

Looking back on the past, one opinion, two methods, dozens of supporting institutional measures, 149 declared enterprises, 259 days... Since the announcement of the establishment of the Science and Technology Innovation Board in November last year, the speed and intensity of the reform of the board have amazed all sectors.

We believe that the Science and Technology Innovation Board will continue to improve and inject new strength into China's capital market and economy from multiple perspectives, "said Zhou Wenqun, the head of stock investment at Fidelity International in China.

Information source: Xinhua News Agency

Editor He Yang of this website/Organizing