Group 1 - The core viewpoint is that since 2025, A-share technology stocks have shown outstanding performance, with the Sci-Tech Innovation Board facilitating direct financing for technology enterprises [1] - The national innovation system needs to focus on the positive cycle among technology, industry, and finance, particularly in "bottleneck" areas such as integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing, which require increased efforts for breakthroughs [1] - There is significant room for improvement in the 0-1 stage (original innovation) within the technology and industry cycle, and financial services for the real economy should support "early, small, long-term, and hard technology" investments [1] Group 2 - The Sci-Tech Innovation and Entrepreneurship ETF (588360) tracks the Sci-Tech Innovation 50 Index (931643), which has a daily fluctuation limit of 20%, selecting 50 emerging industry stocks with larger market capitalization and better liquidity from the Sci-Tech Innovation Board and the Growth Enterprise Market [1] - The index covers high-tech fields such as semiconductors, new energy, and biomedicine, with a balanced industry distribution focusing on cutting-edge sectors like information technology, industry, and healthcare, aiming to reflect the overall performance of China's high-tech emerging industry listed companies [1]