"沪港通"制度能促进企业创新吗？

In the process of the opening of China\'s capital market, the establishment of the "Shanghai-Hong Kong Stock Connect" system is of great significance. The establishment of a bridge between Hong Kong and the mainland\'s capital market has also had an important impact on listed companies. This article uses the "PSM-DID" method to explore how "Shanghai-Hong Kong Stock Connect" affects enterprise innovation, and focuses on the research and transmission process. The conclusion of this article is as follows: The "Shanghai-Hong Kong Stock Connect" system can effectively improve the level of innovation of enterprises by alleviating corporate financing constraints. The establishment and improvement of the system provides a certain empirical basis, and also provides a certain reference for the listed companies to improve their level of innovation.