The Science and Technology Innovation Board has been in existence for five years, during which it has raised more than 1 trillion yuan and listed more than 500 companies. The original intention of the Science and Technology Innovation Board was to support unicorn companies with huge growth potential, but no unicorn has emerged so far. However, this process has created more than 500 billionaires and more than 10,000 multimillionaires, as well as countless millionaires. These wealthy people enjoy a luxurious life, some immigrate overseas, and some choose to clear their positions and exit.

Billions of shareholders and fund investors paid the price for this. This is a real case of wealth transfer. The main purpose of these companies' listing seems to have become to issue stocks at high prices, and then sell off their holdings to cash out when the stock price is high, exchanging a small amount of equity for huge wealth. In the end, they still hold control of the company, and what may be left behind are shell companies facing the risk of delisting and investors who have suffered losses.