Recently, the Science and Technology Innovation Board (also known as the STAR Market) has seen a surge in listings from "hard-tech" companies, including notable names like Moore Threads and MetaX Technologies. Industry experts observe that the IPO landscape is increasingly favoring "hard-tech" firms, with the capital market emerging as the key platform for resource allocation to drive technological innovation. During the implementation of the "15th Five-Year Plan," it is crucial for capital market reforms to prioritize support for original technologies and strategic emerging sectors. This approach will help cultivate a thriving ecosystem where both high-quality innovative enterprises and investors can mutually benefit and prosper.
