Wang Bo, deputy general manager of the Shanghai Stock Exchange, said at the “Hard Tech” New Quality Productivity Industry Salon in 2025 that he insisted on opening “capital entrances” for unprofitable hard technology companies. Wang Bo said that since its inception, the Science and Technology Innovation Board has broken the traditional “profit threshold” mindset for listing and has taken “inclusiveness” as the core undertone of system design. For the first time, the “Multiple Listing Standards” introduced by the Science and Technology Innovation Board allowed unprofitable companies, red chip companies, and companies with special equity structures to enter A-shares, opening up targeted listing channels for science and innovation enterprises. The “1+6” policy of this year's new reform is even more precise. It specifically establishes a “science and innovation growth layer”, restarts the fifth set of listing standards, and includes cutting-edge fields such as artificial intelligence, commercial aerospace, and low-altitude economy in the category of inclusiveness.

Wang Bo, deputy general manager of the Shanghai Stock Exchange, said at the “Hard Tech” New Quality Productivity Industry Salon in 2025 that he insisted on opening “capital entrances” for unprofitable hard technology companies. Wang Bo said that since its inception, the Science and Technology Innovation Board has broken the traditional “profit threshold” mindset for listing and has taken “inclusiveness” as the core undertone of system design. For the first time, the “Multiple Listing Standards” introduced by the Science and Technology Innovation Board allowed unprofitable companies, red chip companies, and companies with special equity structures to enter A-shares, opening up targeted listing channels for science and innovation enterprises. The “1+6” policy of this year's new reform is even more precise. It specifically establishes a “science and innovation growth layer”, restarts the fifth set of listing standards, and includes cutting-edge fields such as artificial intelligence, commercial aerospace, and low-altitude economy in the category of inclusiveness.