Group 1 - The China Securities Regulatory Commission (CSRC) has outlined seven key work priorities for the second half of the year, focusing on stabilizing the market, deepening reforms, enhancing regulatory effectiveness, and improving research on major capital market issues to better serve national strategies [1] - Current market stability is attributed to controlling long-term stock price fluctuations and maintaining predictable market responses to external shocks, with A-share indices remaining above 3500 points, indicating market resilience [1][2] - The regulatory body is working on mechanisms to consolidate market stability and expects a continuation of positive trends with the implementation of favorable policies [1] Group 2 - The core direction for the next reforms of the Sci-Tech Innovation Board and the Growth Enterprise Market is to support technological innovation, allowing unprofitable companies with growth potential to access capital markets [2] - There is a need to bridge the gap between academic research and practical realities in capital market studies, promoting dialogue between academia and regulatory bodies to enhance policy-making effectiveness [2] - This approach aims to provide theoretical support for long-term market stability and better serve the needs of the national strategy, facilitating the transformation and upgrading of the real economy and technological innovation [2]