The "technology narrative" in the capital market is clearer, and the inclusive reform activates innovation throughout the entire chain.

Standing at the beginning of the "Five-Year Plan for the 15th Five-Year Plan," the main theme of deepening reform in the capital market is clear: to enhance the inclusiveness and adaptability of the multi-level equity market, and to drive a higher level of benign cycle of technology, industry, and finance. From the continuous deepening of sector reform, to the vitality stimulation of mergers and acquisitions, to the cultivation of patient capital, a systematic reform aimed at strengthening the foundation of technology's self-reliance and financial independence is progressing in depth.