Financial push to lift promising tech firms

Shanghai's recently announced policies to optimize the financial services rendered to technologically advanced companies will promote new quality productive forces and drive high-quality economic development, said experts.

Their comments emerged after a review of the new guideline released by the Shanghai municipal government on Wednesday that called for nurturing more high-quality listed technology companies by giving more play to the capital market.

According to the guideline comprising 24 detailed measures, the STAR Market at the Shanghai Stock Exchange should adapt to the development trajectory of new quality productive forces, and support IPOs of certain technology companies that are yet to turn profitable but boast key technologies, huge growth potential and innovation capabilities.