Core Insights - The conference focuses on the role of capital markets in supporting the upgrading of listed companies, emphasizing technological empowerment and value return in the context of new market conditions [1][2] - The year 2025 is highlighted as a critical year for deepening reforms and enhancing efficiency in China's capital markets, with a focus on high-quality development [1] - The recent Fourth Plenary Session of the 20th National Congress of the Communist Party of China has provided guidance for improving the inclusiveness and adaptability of capital market systems [1] Company Initiatives - Shanxi Securities has integrated investment banking, equity investment, and industry research to meet the needs of the real economy, establishing a model that follows the entire process and connects with the entire market [2] - The company has facilitated direct financing exceeding 140 billion yuan in Shanxi Province and has established 12 private equity investment funds, supporting 51 projects [2] - Shanxi Securities is focusing on themes such as carbon neutrality and the digital economy, producing research outcomes that support the economic transformation and upgrading of Shanxi [2] Government Policies - The provincial government is implementing the spirit of the Fourth Plenary Session, focusing on energy transition, industrial upgrading, and diversified development to build a modern industrial system with comparative advantages [2] - The government aims to promote high-quality economic development in Shanxi over the next five years, with Shanxi Securities positioned as a key player in this initiative [2]