China News Service, Shanghai, November 12th. Qiu Yong, Chairman of the Shanghai Stock Exchange, stated at the 2026 Shanghai Stock Exchange International Investors Conference on the 12th that the strategic deployment of developing future industries will be implemented, the "entry gate" of listings will be strictly controlled, and high-quality "hard technology" companies in more fields such as quantum technology, biomanufacturing, and embodied intelligence will be supported to be listed on the Science and Technology Innovation Board, and the scope of application of the fifth set of listing standards of the Science and Technology Innovation Board will be expanded to artificial intelligence large models and commercial aerospace.
We will fully serve the development and growth of new productive forces and make the virtuous cycle of technology-industry-finance smoother. Qiu Yong introduced that the Shanghai Stock Exchange continues to strengthen the function of the Science and Technology Innovation Board as the main front for supporting scientific and technological innovation, optimize supporting systems and mechanisms, enrich scientific and technological innovation financial products, promote the concentration of innovation elements, and support the development of new productivity. In the first three quarters of 2026, the main business growth of companies listed on the Science and Technology Innovation Board was strong, and the net profit growth rate after non-deductions increased by 6.7 times year-on-year. R&D intensity continues to increase, R&D investment increased by 26% year-on-year, and the median R&D intensity was 12.6%. Industrial clusters have been formed in the fields of integrated circuits, biomedicine, and high-end equipment, and a large number of scientific and technological enterprises that master core technologies have developed and grown with the help of the capital market.
We have steadily promoted high-level opening up to the outside world, and the convenience of cross-border investment and financing has continued to improve. Qiu Yong said that the Shanghai Stock Exchange insists on coordinating openness and security, continues to optimize the interconnection mechanism, improves the supporting system for overseas qualified institutional investors, continuously enriches the supply of cross-border indexes, ETFs and other products, and strives to create a market-oriented, legal and international investment and financing environment.
It is understood that relying on multiple convenient channels, global investors have a smoother path to participate in the Shanghai Stock Exchange, and the allocation of overseas funds to China's capital market has steadily increased. As of the end of the third quarter of this year, the market value of the Shanghai stock market held by foreign investors exceeded 2 trillion yuan, an increase of 8.7% over the same period. Among them, the allocation of scientific and technological assets continued to increase, and the scale of overseas tracking SSE and CSI series products also reached 107.1 billion yuan, which fully reflects that international investors are optimistic about the prospects of China's industrial upgrading and are willing to share the dividends of new productivity development with long-term value investment concepts.
Qiu Yong said that in the next step, the Shanghai Stock Exchange will continue to deepen the comprehensive reform of investment and financing, adhere to the coordinated efforts of the investment side and the financing side, and persistently promote the quality improvement of listed companies; continue to enhance the inclusivity and adaptability of the market system, optimize basic institutional arrangements, give full play to the role of the Science and Technology Innovation Board reform test field, and better help promote the virtuous cycle of science and technology-industry-finance; unswervingly and steadily promote the high-level opening of the capital market, iteratively optimize the interconnection mechanism, enrich the supply of international products, and continue to enhance the attractiveness of Chinese assets to global investors.
