The rules for the supporting measures of the Science and Technology Innovation Board, 1 plus 6, have officially been implemented, detailing the standards for determining senior professional institutional investors.

After soliciting opinions, the supporting rules of the "1+6" system for the Sci-Tech Innovation Board have officially been implemented. The rules further elaborate on the criteria for identifying senior professional institutional investors, clarify the application scenarios for the pre-review mechanism, and specify the calculation methods for relevant indicators in the criteria for transferring companies to the Sci-Tech Growth Board. On July 13, the Shanghai Stock Exchange officially released the "Self-regulation Guidelines for Listed Companies on the Sci-Tech Innovation Board - Sci-Tech Growth Board", the "Applicable Guidelines for Pre-Review under the Issuance and Listing Review Rules No.7", and the new "Applicable Guidelines for Senior Professional Institutional Investors No.8". Additionally, they also published two operational guidelines: "Essential Clauses for Risk Disclosure in the Offering Circular" and "Special Securities Identification in Securities Trading" On June 18, the China Securities Regulatory Commission issued the "Opinions on Enhancing Inclusiveness and Adaptability in the Establishment of the Sci-Tech Growth Board on the Sci-Tech Innovation Board", proposing the establishment of the Sci-Tech Growth Board on the Sci-Tech Innovation Board and introducing six reform measures. Among the newly implemented rules, the "Guidelines for Senior Professional Institutional Investors" were added, outlining the criteria for identifying these investors based on investment experience, compliance operations, investment holding period, shareholding size, and independence. Dong Junfeng, managing director of CITIC Securities, stated that as the Sci-Tech Innovation Board enters its "sixth year", the establishment of the Sci-Tech Growth Board and the six supporting reforms signify a new stage of "precision irrigation" for the service of technology innovation enterprises in China's capital market. The establishment of the Sci-Tech Growth Board enriches the market hierarchy of the Sci-Tech Innovation Board, meets the investment needs of investors with different risk preferences, and further enhances the inclusiveness and attractiveness of the Sci-Tech Innovation Board market. Chen Ning, chairman of AVIC, believes that the implementation of the "1+6" policy for the Sci-Tech Innovation Board not only provides investors with a window to share in the benefits of technology, but also directs capital towards areas of national strategic demand, promoting a virtuous cycle of "technology-industry-finance" and achieving a dual push of "policy empowerment and technological advantage".