Group 1 - The launch of the "Shanghai Stock Exchange Science and Technology Innovation Board Private Enterprise Index" and the "Shanghai Stock Exchange Science and Technology Innovation Board Private Enterprise 50 Strategy Index" marks a significant milestone in providing benchmarks and investment targets for private technology enterprises on the Sci-Tech Innovation Board [1] - Private enterprises play a crucial role in the capital market, with 3,478 listed companies in China being private, accounting for nearly two-thirds of the total, and 422 of these being on the Sci-Tech Innovation Board, representing over 70% [1] - The two indices provide a comprehensive portrayal of private enterprises on the Sci-Tech Innovation Board and serve as a quantitative anchor for selecting hard-tech private enterprises [1] Group 2 - UCloud Technology Co., Ltd., as the first public cloud company listed on the Sci-Tech Innovation Board, has been selected as a sample stock for both indices, reflecting the capital market's recognition of the growth value and investment potential of private enterprises [2] - Since the launch of the Sci-Tech Innovation Board, there have been 32 indices and 86 ETFs, with a total scale exceeding 250 billion RMB, indicating a robust ecosystem of indices and ETF products [2] - The establishment of these indices continues the trend of institutional innovation in the Sci-Tech Innovation Board, which has evolved from a "testing ground" to a "demonstration field" in the Chinese capital market [3] Group 3 - The institutional innovations of the Sci-Tech Innovation Board have restructured the Chinese capital market ecosystem, promoting inclusive rules such as unprofitable listings and differentiated voting rights [3] - The release of the two indices provides effective financial tools for directing long-term capital towards new productive forces in the private sector, signaling policy confidence and capital guidance [3] - A financial infrastructure supporting the development of new productive forces is gradually taking shape as the capital market adopts more refined tools to identify innovation value [3]