The deputy director of the CSRC's Shanghai bureau said the '1+6' package
deepening STAR Market reform — including a new Sci‑Tech Growth tier and
restarting a fifth set of listing standards to permit unprofitable companies —
is aimed at boosting market inclusivity and better serving tech innovation. He
said the STAR Market added 37 ETFs over the past year, now totaling more than
120 funds with aggregate assets of about CNY 240 bln, and that nearly half of
holdings are with long‑term investors as the influence of "patient capital"
grows.