On October 28, during the listing ceremony for the inaugural batch of newly registered companies in the Science and Technology Innovation Growth Tier of the STAR Market, Qiu Yong, Chairman of the Shanghai Stock Exchange (SSE), announced that the SSE will further harness the STAR Market's function as a 'proving ground'. It will implement rigorous admission standards, accurately pinpoint high-caliber science and technology innovation enterprises, and encourage cutting-edge tech sectors like artificial intelligence, commercial space travel (In China, "commercial spaceflight" is a less commonly used term in daily and media contexts, "commercial space travel" is a more intuitive and commonly recognized expression for the general public), and the low-altitude economy to adopt the fifth set of listing criteria. This move aims to facilitate globally competitive hard-tech companies in gaining access to the capital market.