The Shanghai municipal government has unveiled a comprehensive set of measures designed to enhance the city’s capital market’s role in fostering the high-quality development of science and innovation companies. The strategic initiative aims to establish Shanghai as a premier investment and financing hub for new quality productivity, a showcase for the high-quality development of listed companies, and a pacesetter for the ecological health and regulatory oversight of the capital market within a five-year timeframe.
As part of this initiative, the government will back the creation and operation of specialized institutions such as the Shanghai Sci-Tech Innovation Financial Research Institute. These entities will serve as investment and financing service platforms, aggregating resources like angel investors, technology transfer projects, and seed and startup technology firms. The focus will be on pivotal industries, including integrated circuits, artificial intelligence, biomedicine, and emerging industries of the future, with an emphasis on bolstering financial support and security services for these enterprises.- Flcube.com
