Core Viewpoint - The article emphasizes the transition of China's technological innovation from "single-point breakthroughs" to "system integration" during the 14th Five-Year Plan, highlighting the importance of technology as a foundational infrastructure that significantly alters production, lifestyle, and social governance [1]. Group 1: Securities and Capital Market Integration - The essence of technological linkage is the deep integration of the innovation chain, industrial chain, and capital chain, with the capital market serving as a crucial bridge between technology and capital [2]. - The capital market should promote the capitalization and securitization of technological elements, enabling technology achievements to be monetized and facilitating the flow of data elements [2]. - There is a need to explore market-based pricing mechanisms for data elements, addressing challenges such as rights confirmation and pricing difficulties, and encouraging orderly circulation of data [3]. - The capital market should enhance the efficiency of resource integration by promoting mergers and acquisitions, establishing industry funds, and supporting early-stage investments in hard technology [3]. Group 2: Innovative Research Methods - The capital market must innovate research methods to better serve technological self-reliance, focusing on the analysis of technology paths rather than just individual technological points [4]. - Establishing a layered recognition capability for technology is essential, allowing for a more nuanced understanding of technological levels and their associated risks [5]. Group 3: Technology Empowerment for Market Development - The capital market should embrace artificial intelligence to enhance operational quality, including improving real-time monitoring of trading behaviors and risk exposure [6]. - Financial institutions are encouraged to accelerate digital transformation, embedding digital technologies into investment, research, risk control, and operational management [6]. - There is a need to be vigilant about the risk linkage effects of technology investments, particularly in the context of market volatility and algorithmic trading [7].