The Science and Technology Innovation Board has received the IPO application of one newly added non-profit company. What does this signal indicate?

On June 13, the IPO application of Shanghai Super Silicon Semiconductor Co., Ltd. was accepted. The company is the third non-profit enterprise accepted by the Sci-Tech Innovation Board since the release of the "Eight Regulations for Sci-Tech Innovation Board". Currently, in order to support a new round of technological revolution and industrial transformation, major capital markets worldwide are innovating their systems to increase inclusiveness. The United States' JOBS Act, the Edinburgh Reforms in the UK, revisions of listing terms by the Asia-Pacific Stock Exchange and Hong Kong Stock Exchange are all aimed at accelerating the competition for quality technology companies to go public. In recent years, the urgency of developing domestic controllable technology has been accelerated by the technological competition in big powers, driving the need to improve the investment and financing atmosphere of hard technology tracks. "True innovators in science and technology are more willing to invest the money they earn into the next stage of research and development, rather than creating financial figures on a balance sheet. The continuous scientific research is the foundation of a strong technological country, and it is inevitable in the era of globalization of technological revolution," said the founder of a Sci-Tech Innovation Board company. The Chairman of the China Securities Regulatory Commission, Wu Qing, proposed at a press conference during the Annual Two Sessions this year that it is necessary to adhere to the combination of an effective market and an active government, focus on areas of technological innovation activity, and embody the direction of new productive forces, make good use of the "green channel", the listing of non-profit enterprises, and other inclusive issuance and listing systems, and carefully implement the fifth set of listing standards for the Sci-Tech Innovation Board, and more precisely support the issuance and listing of quality technology companies.