Shengshi Investment Tian Chen: The "1+6" new policy of the Science and Technology Innovation Board will help the exit of the primary market, injecting a "strong stimulant" into "invest early, invest small, and invest in technology".

Recently, Wu Qing, the chairman of the China Securities Regulatory Commission, stated at the Lujiazui Forum that they will continue to fully leverage the demonstration effect of the Science and Technology Innovation Board and intensify efforts to introduce further deepening reforms through the "1+6" policy measures. For the Science and Technology Innovation Board, they will establish a growth layer for science and technology innovation and restart the listing of unprofitable enterprises under the fifth set of standards for the Science and Technology Innovation Board. Tian Chen, director of Shengshi Investment and general manager of Shengshi Capital, told reporters that currently, the two core bottlenecks in the primary market are difficulty in fundraising and difficulty in exits, with GPs generally facing DPI and fund expiration pressures. The proposal of deepening reforms through the "1+6" policy for the Science and Technology Innovation Board provides an important solution for the exit difficulties faced by the current primary market, and is expected to provide more exit channels for funds established between 2018 and 2022.