What are the five criteria for the listing conditions of science and technology innovation board?

Five criteria for listing conditions of science and technology innovation board:

1. The proportion of investment in R&D in operating income in recent three years is more than 5%, or the accumulated amount of investment in R&D in recent three years is more than 60 million yuan.

2, the formation of the main business income of more than 5 invention patents.

3. The compound growth rate of operating income in the last three years has reached 20%, or the operating income in the last 1 year has reached 300 million yuan.

4. The core technology owned by the enterprise is recognized by the national competent department as leading in the world, leading or of great significance to the national strategy.

5. The issuer as the main participant or the issuer's core technical personnel as the main participant won the National Science and Technology Progress Award, the National Natural Science Award and the National Technology Invention Award, and applied relevant technologies to the company's main business.

Mission of the Science and Technology Innovation Committee:

The establishment of science and technology innovation board is of great significance to the development of China. It is not only a major reform measure to implement the strategy of innovation-driven and science and technology-strong country, promote high-quality development, support the construction of Shanghai international financial center and science and technology innovation center, but also an important arrangement to improve the basic system of capital market, stimulate market vitality and protect the legitimate rights and interests of investors.

Connecting the capital market and technological innovation;

Because scientific and technological innovation has the characteristics of large investment, long cycle and high risk, indirect financing and short-term financing often feel inadequate in this respect, and long-term capital is the main driving force to lead and catalyze scientific and technological innovation.

The capital market plays a vital role in promoting the integration of science and technology and capital, accelerating the formation and effective circulation of innovative capital, and China's capital market has made many explorations and efforts in strengthening support for scientific and technological innovation. However, due to various reasons, the connection between the capital market and scientific and technological innovation is not smooth, and many innovative enterprises with good development momentum go public abroad.

The establishment of the science and technology innovation board this time provides greater possibilities for effectively solving the contradiction between the capital market and science and technology innovation, and is also the mission of the science and technology innovation board.

Create a model of capital market reform;

The regulatory authorities have made it clear that science and technology innovation board is an incremental reform of the capital market. This is very important. Incremental reform can avoid the impact on the huge stock market, and "test the water" reform measures in a new world and quickly accumulate experience, thus boosting the continuous improvement of the basic system of the capital market.

Take the most concerned registration system as an example, this issue has been discussed in the market for many years. This time, it is clear that the pilot registration system in science and technology innovation board not only responds to the market demand, but also has sufficient legal basis. In recent years, the comprehensive and strict supervision of the capital market according to law and the corresponding system construction have also created corresponding conditions for the pilot registration system. There are strict standards and procedures for the pilot registration system, and more attention will be paid to the truthfulness and comprehensiveness of information disclosure, the quality of listed companies, the stimulation of market vitality and the protection of investors' rights and interests in all aspects such as acceptance, examination, registration, issuance and trading. The pilot registration system of science and technology innovation board can be said to have opened up an innovative road for reform.