以“科技牛”引领新周期 |《财经》社评

Group 1 - The recent surge in the Chinese stock market has reached a ten-year high, prompting discussions on whether the current bull market will be a fast or slow one, with hopes for a stable and sustainable market to support economic recovery [3] - The technology sector has shown remarkable performance in this bull market, leading to the term "technology bull" being used to describe the current market dynamics, indicating a shift in investment preferences and a sign of successful economic transformation [3][4] - There is a call for investors to actively support the technology sector, emphasizing the need for a technology bull market to fuel the growth of leading Chinese tech companies and to foster long-term investment strategies [4] Group 2 - The growth of the Chinese technology industry is expected to revitalize related manufacturing capacities, suggesting that seemingly excess capacity can be effectively utilized in new business models, thus providing a solution to internal competition issues [5] - The interaction between high-tech companies and traditional manufacturing industries is crucial for mutual growth, with high-tech firms leveraging their financial strength to acquire traditional industries, while traditional firms can invest in tech startups to enhance their capabilities [5] - A sustained technology bull market is anticipated to create a wealth effect that will stimulate consumption and provide new momentum for the Chinese economy, benefiting various sectors including pension funds and state-owned capital [6]