Group 1 - The core viewpoint highlights the significant rise in the STAR Market, with the STAR 100 Index increasing by 0.87% and the STAR 50 Index by 0.53% [1] - The thematic ETFs related to technology and innovation, such as the STAR Semiconductor Equipment ETF and STAR Semiconductor ETF, have shown notable gains, with increases exceeding 2% and 1.7% respectively [1] - The China Securities Regulatory Commission (CSRC) has emphasized the importance of listed companies in driving technological innovation, with A-share listed companies' R&D investment reaching 1.88 trillion yuan, accounting for over half of the total social R&D expenditure [2] Group 2 - The CSRC has introduced new policies to enhance the inclusivity and adaptability of the STAR Market, including the establishment of a STAR Growth Tier aimed at supporting high-quality technology enterprises [3] - The new measures include the introduction of a pre-IPO review mechanism for quality tech companies and the expansion of the fifth listing standard to cover more frontier technology sectors [3] - The investment landscape is shifting, with a focus on new generation information technology and structural growth in sectors like semiconductors, IT, and machinery manufacturing, despite ongoing geopolitical uncertainties [4]