Shang Qingjun, first-level inspector of the Public Company Supervision Department of the Securities Regulatory Commission, delivered a keynote speech entitled “Anchoring Innovative Services to Promote the High-Quality Development of the Beijing Stock Exchange's New Third Board” at the 2026 Financial Street Forum Annual Meeting. Shang Qingjun said that based on serving innovative SMEs, the Securities Regulatory Commission will issue innovative evaluation standards, more accurately identify various innovative elements, clearly declare expectations, better serve innovative small and medium-sized enterprises that are at the cutting edge of industry segments, have strong innovation ability, continuous growth potential and specialized development advantages, and continue to optimize the listed company structure; further strengthen the New Third Board standardization and cultivation function, improve entry and exit mechanisms, optimize the hierarchical management of the New Third Board, enhance the brand effect and innovative attributes of the Beijing Stock Exchange and the New Third Board, improve differentiated information disclosure arrangements, and consolidate the “New Third Layer” Layered delivery The development pattern of “promotion, vertical linkage, backfeeding from the bottom, and promotion from the bottom” provides continuous relay and accurately adapted capital market services for specialized and innovative enterprises, and better empowers the development of new quality productivity.

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