Guo Lei, Guotai Junan Securities: Micro Knowledge of Enterprises, Medium Stability of the Market, Macro Promotion of Innovation in the Reform of the Science and Technology Innovation Board.

Guo Lei, Chief Economist of GF Securities, said in an interview with Shanghai Securities News that, from a micro perspective, the technology industry has its own unique industry attributes and growth curve. A series of institutional reforms aimed at optimizing institutional arrangements according to industry characteristics is conducive to forming a more effective mechanism for identifying high-quality technology companies. From a medium perspective, broadening the listing channels for cutting-edge technology industries, optimizing valuation and pricing mechanisms, and balancing investment and financing ends are conducive to improving the pricing efficiency and internal stability of the capital market. From a macro perspective, this is an important measure for capital markets to serve new quality productivity, converting technology research and development, manufacturing innovation, and engineer dividends into China's economic factor advantages and endogenous growth momentum.