(expert: the new share issuance system under the full registration system improves the efficiency of direct financing. In the future, the virtuous circle of "science and technology-industry-finance" will be more smooth.) under the full registration system, the capital market serves the real economy, especially the efforts to serve scientific and technological innovation continue to increase. According to statistics, in the first five months of this year, there were 134 initial public offerings in the A-share market, raising 162.86 billion yuan. The total amount of funds raised by Science and Technology Innovation Board and the "mass entrepreneurship and innovation plate" of gem ranked first among the listed sectors, reaching 61.823 billion yuan and 45.696 billion yuan respectively. Experts believe that the new share issuance system under the comprehensive registration system has improved the efficiency of direct financing and is guiding the flow of funds to scientific and technological innovation enterprises with more growth potential through market judgment. It can be predicted that in the future, more companies with hard core technology will get capital support, and the virtuous circle of "technology-industry-finance" will be more smooth. (China Securities News)