Core Viewpoint - The speech emphasizes the importance of enhancing market functions and regulatory standards to support the innovative development of small and medium-sized enterprises (SMEs) through high-quality financial services [1] Group 1: Market Dynamics and Capital - The need to focus on market dynamic balance and cultivate patient capital is highlighted [1] - Increasing the investment value of listed companies is positioned as a priority [1] - The normalization of listings on the Beijing Stock Exchange (北交所) is emphasized, along with the improvement of the "full chain" issuance regulatory framework [1] Group 2: New Stock Issuance and Market Participation - There is a call to optimize the new stock issuance system and gradually expand the market maker team to provide more participation opportunities and investment convenience [1] - Encouragement for various types of medium- and long-term funds to enter the market is noted, along with the promotion of local special funds to participate in market construction [1] Group 3: Private Equity and Long-term Investment - The focus is on addressing bottlenecks in the "raising, investing, managing, and exiting" processes of private equity funds to attract more patient capital towards innovative SMEs [1] - The importance of fostering a professional investor group is mentioned to support the sustainable growth of the market [1]