Group 1 - The core focus of the recent policy is on technological innovation, with the central bank, financial regulatory authority, and securities regulatory commission collaborating to launch multiple innovative tools to support a comprehensive system of "credit + bonds + insurance" [1] - The central bank has added 300 billion yuan in re-loans for technological innovation and technological transformation, bringing the total to 800 billion yuan, and has created a "risk-sharing tool for innovation bonds" to address the financing challenges faced by technology enterprises [2] - The establishment of the "risk-sharing tool for innovation bonds" aims to alleviate credit risk for investors and enhance the success rate of bond issuance, thereby activating direct financing channels and creating a virtuous cycle of "confidence - credit - lending" [3] Group 2 - The new re-loan tool is a structural monetary policy instrument that provides low-cost funds to financial institutions, encouraging them to increase credit to technology enterprises, thus addressing the issue of banks being reluctant to lend [2] - To effectively implement these policy tools, a risk-sharing mechanism involving multiple stakeholders, including local governments and market-oriented institutions, needs to be established to enhance support for technology enterprises [3] - Local governments can set up technology guarantee funds or risk compensation funds to improve banks' and investment institutions' willingness to support technology enterprises through fiscal subsidies and risk coverage [3]