Group 1 - The core viewpoint of the article is that the Chinese government has introduced measures to stimulate private investment, particularly in technology and infrastructure sectors, through targeted policies [1][2][3] - The measures include facilitating the listing and financing of technology companies and supporting the issuance of Real Estate Investment Trusts (REITs) for infrastructure projects, addressing key barriers faced by private capital [1][4] - Experts believe these initiatives will enhance the financing efficiency and scale for private enterprises, particularly in technology, by streamlining approval processes and reducing transaction costs [2][3] Group 2 - The article highlights that private technology companies often struggle with high R&D costs and low short-term profitability, making it difficult to meet traditional profitability metrics for public listings [2][3] - The introduction of policies aimed at improving the capital market's adaptability will help match the diverse financing needs of technology innovation enterprises at different development stages [3] - The measures are expected to create a more favorable environment for private enterprises, enhancing information disclosure and risk management mechanisms, ultimately benefiting both companies and investors [3] Group 3 - In the infrastructure sector, private capital is hesitant due to the large investment scale and long recovery periods associated with projects, which can take decades to yield stable returns [4][5] - The proposed REITs for infrastructure projects will provide a liquidity solution for private capital, allowing for quicker capital recovery and facilitating a cycle of investment, construction, exit, and reinvestment [5] - Public REITs are expected to offer high dividends, attracting more investors and helping companies reduce leverage and financial risks, while also improving operational efficiency in infrastructure projects [5]