On the afternoon of July 20th, sponsored by Shanghai STVC Group, the Anniversary Forum of STAR Market(Sci-Tech Innovation Board) was held at China Financial Information Center.Fu Xinhua,Vice Chairman of Shanghai Municipal Commission of Economy and Informatization,and relevant leaders of Shanghai Municipal Development & Reform Commission, Municipal SASAC, and Shanghai Stock Exchange were present and made speeches.
In his speech, Mr. Fu reviewed the development of STAR Market and relevant work of Shanghai’s industry in supporting and making good use of STAR Market. He pointed out that STAR Market plays an important leading role in industrial development. It is a bridge between industry and capital, and a powerful booster for deepening financial reform and driving scientific and technological innovation.Since the first anniversary of the opening of the market, there have been 130 listed enterprises, with financing amount of more than RMB100 billion. The proportions of R&D investment and personnel is significantly higher than that of other market segments. The aggregation effect of "hard core technology" is forming, and the leading function of high-end industries has gradually emerged.It is hoped that enterprises in all fields in Shanghai could make good use of the policy of STAR Market, further support key technology research and expand the scale of enterprises.
Sponsored by Shanghai STVC Group, the forum mainly summarized and reviewed the layout and progress of Shanghai venture capital guidance fund around the strategy of STAR Market, exchanged good experiences and practices of key listed enterprises in the listing process of STAR Market, and helped more scientific and technological innovation enterprises understand the establishment of STAR Market. It is of strategic significance to guide all kinds of venture capital funds to increase the layout of potential enterprises on STAR Marketand cultivate more excellent innovative enterprises. At the forum, heads of listed enterprises and investment institutions on STAR Marketin Shanghai shared their experience.Division of Electronic Information Industry of the Commission was present.
