China News Service, Shanghai, October 16 (Gao Zhimiao) On the 16th, Yuan Duoran, deputy general manager of the Shanghai Stock Exchange, said at the Global Wealth Management Forum 2026 Shanghai Suhewan Conference that in recent years, the Shanghai Stock Exchange has adhered to the positioning of the Science and Technology Innovation Board to serve hard technologies, steadily promoted the implementation of eight Science and Technology Innovation Board, six mergers and acquisitions, and Science and Technology Innovation Board 1+6 reforms, and vigorously improved the development quality and efficiency of the capital market in serving new productivity.
Yuan Duoran introduced that the inclusiveness and adaptability of the Science and Technology Innovation Board system have continued to improve. There are currently 618 companies on the Science and Technology Innovation Board, and the total amount raised through IPO and refinancing exceeds 1.2 trillion. A total of 65 unprofitable companies, 10 companies with special equity structures, 8 red-chip companies, and 24 fifth set of standard companies have been supported to be listed on the Science and Technology Innovation Board. To support the development of high-quality unprofitable technology enterprises, the Science and Technology Innovation Board has set up a science and technology innovation growth layer to continuously enhance the inclusiveness of future industries and unprofitable enterprises.
Yuan Duoran said that the Shanghai Stock Exchange continues to expand the scope of key industries supported by the Science and Technology Innovation Board, and has released relevant review guidelines for the fifth set of standards of the Science and Technology Innovation Board in the field of commercial aerospace artificial intelligence, helping to cultivate and expand hard technology companies in quantum technology, biomanufacturing, embodied intelligence and other fields. In the past year, emerging industries and future industries have accounted for nearly 90% of the newly declared companies on the Science and Technology Innovation Board, and the benefits driven by the demonstration of new quality productivity have become increasingly prominent.
In terms of industrial clusters, Yuan Duoran pointed out that the integrated circuit industry on the Science and Technology Innovation Board brings together 132 companies, covering chip design, wafer foundry, packaging and testing, equipment and materials, etc., forming the most complete integrated circuit industry chain in China; the biomedical industry has 120 listed companies, making it the world's third largest biopharmaceutical company listing place; more than 100 companies in the high-end manufacturing industry are deeply involved in key equipment and core components, and industrial clusters with distinctive characteristics and outstanding advantages have gradually formed.
In terms of refinancing, he said that since the implementation of the package of measures to optimize refinancing in the first half of the year, 68 refinancing projects have been accepted, a year-on-year increase of 48%; 61 have been registered and effective, a year-on-year increase of 33%. The scientific and technological innovation bond ecological market continues to improve. So far, the Shanghai Stock Exchange has supported the issuance of scientific and technological innovation bonds of more than 2 trillion yuan, of which the scale of medium and long-term scientific and technological innovation bonds accounts for more than 60% of the issuance of scientific and technological innovation bonds in the domestic market. The number of ETFs on the Science and Technology Innovation Board exceeds 130, with a scale of over 360 billion yuan, a year-on-year increase of more than 20%.
Yuan Duoran introduced that in the first half of 2026, more than 2,300 Shanghai-listed companies achieved a total revenue of 26 trillion yuan, a year-on-year increase of 6.3%, and a net profit of 2.8 trillion yuan, a year-on-year increase of 17.6%. Nearly 80% of the companies achieved profitability. In June this year, the Shanghai Stock Exchange released the 2.0 special action initiative for companies on the Shanghai stock market to improve quality, increase efficiency, and focus on returns. At present, more than 80% of companies in the Shanghai stock market have released action plans, and core index companies such as SSE 50 and SSE 180 have achieved full coverage. Since 2026, the Shanghai Stock Exchange has disclosed more than 430 new repurchases and shareholding increases, with the upper limit of the planned amount exceeding 96 billion yuan; in the first half of the year, 427 Shanghai Stock Exchange companies announced interim dividends, with the balance of cash dividends reaching 633 billion yuan.
In terms of opening up to the outside world, Yuan Duoran said that the targets of the Shanghai Stock Connect have covered 90% of the stock market value of the Shanghai Stock Exchange, and the average daily trading volume of the Shanghai Stock Connect increased from 4.7 billion yuan in the first month of opening in 2014 to 101 billion yuan last year. The scale of cross-border index products in Shanghai exceeds 470 billion yuan. At present, various types of foreign investors hold A-shares with a circulating market value of more than 4 trillion yuan, becoming important participants in the Chinese market.
