In order to thoroughly implement the guiding principles of the Third Plenary Session of the 20th CPC Central Committee, the Central Financial Work Conference, the Central Economic Work Conference, and the Two Sessions, follow through on the "Nine New Guidelines" and the recently released STAR Market "1+6" reform policies, Shanghai Stock Exchange (SSE) recently held a series of policy briefings in collaboration with relevant authorities, with an aim to comprehensively enhance its capacity of supporting high-quality local economic development and technological innovation. These briefings, held in cities such as Shanghai and Beijing, mark the official launch of a nationwide campaign targeting key provinces, cities, and regions with a high concentration of technology enterprises. The briefings were attended by more than 420 representatives from local financial, science and technology, and economic and information technology departments, major industrial parks, the Shanghai and Beijing offices of China Securities Regulatory Commission (CSRC), over 200 leading science and technology innovation enterprises and securities firms.
Government officials attending the events noted that China's scientific and technological innovation is shifting its focus from quantity to quality development. The STAR Market is transforming from a "testing ground" of reforms to a "demonstration zone" for high-quality development. The "1+6" reform policies for the STAR Market, announced at the 2025 Lujiazui Forum, holds significance for advancing national self-reliance and strength in science and technology, as well as promoting high-quality local economic development. As pioneers of innovation-driven growth in China, Shanghai and Beijing will leverage their industrial strengths in integrated circuits, biomedicine, artificial intelligence, commercial aerospace, and the low-altitude economy, and accelerate the implementation of exemplary cases and pilot projects.
Representatives from technology enterprises attending the events agreed that the STAR Market reform resonates deeply with entrepreneurs' aspirations and passion for innovation. In 2018, President Xi Jinping announced the establishment of the STAR Market and the pilot of the registration-based IPO system, greatly boosting the confidence and morale of Chinese tech entrepreneurs. The successive rollout of key policies over the past two years—including the "Nine New Guidelines", the "STAR Market Eight Measures", and now the STAR Market "1+6" reform policies—has continued to energize and support entrepreneurs in their pursuit of technological innovation. They noted that the newly introduced STAR Market "1+6" reform policies will serve as a critical support system for high-quality technology enterprises at various development stages, helping them leverage the STAR Market to achieve high-quality growth.
Going forward, the SSE will continue to organize a series of "1+6" policy outreach events in provinces and cities with high concentration of technology enterprises across the country. These efforts aim to further strengthen collaboration with local governments and CSRC regional offices, enhance communication and policy training with various market participants, and improve full-lifecycle, end-to-end services for technology enterprises. By stabilizing market expectations, boosting investor confidence, and accelerating the implementation of exemplary cases to generate demonstrative effects, the SSE will continue contributing to high-quality local economic development and sustained technological innovation.
