深交所：持续优化融资并购制度供给 支持一批光子领域优质企业上市发展

Core Viewpoint - The event "Shenzhen Stock Exchange · Innovation Forum" focused on the development opportunities and challenges of the photonics industry, emphasizing the need for capital support to drive high-quality growth in this sector [2][6]. Group 1: Industry Development - The forum discussed the photonics industry's role in addressing "bottleneck" technologies, supply chain collaboration, application scenarios, and development opportunities [2][3]. - The Shenzhen Stock Exchange aims to provide comprehensive financial services for future industries, including photonics, to support quality enterprises in leveraging capital markets for transformative growth [2][5]. Group 2: Technological Advancements - The demand for computing power in the AI era is growing exponentially, driving the need for high-end optical modules, which are evolving towards higher speeds, lower power consumption, and integration [2][3]. - The photonics industry in China has made significant advancements, particularly in visual perception technologies, but further development in backend AI algorithms is necessary [3][5]. Group 3: Capital Empowerment - Discussions highlighted the importance of strategic mergers and acquisitions (M&A) in the photonics industry, focusing on aligning with core business strategies and assessing the technological leadership of targets [6][7]. - Successful international M&A requires not only acquisition but also effective integration, emphasizing the need for companies to clearly define their acquisition targets [7][8]. Group 4: Policy Recommendations - Suggestions for enhancing capital market support for the photonics industry include strengthening financing support and encouraging M&A activities within the supply chain [8].