On November 2, the People's Bank of China and the China Securities Regulatory Commission convened a meeting to discuss the use of capital market tools. On the same day, the central bank, the National Financial Regulatory Administration, and the China Securities Regulatory Commission brought together banks to explore optimizing the relending policy in support of stock buybacks and shareholding increases. Once again, capital market support tools have drawn attention, opening a new observation window for listed companies' buybacks and shareholding increases. Over the past two years, traditional industries such as home appliances, transportation, and building materials have been key drivers of buybacks and shareholding increases. Since September of this year, hard tech companies in sectors like semiconductors and optical modules have launched a dense wave of buyback plans, becoming the market's focal point. Meanwhile, listed companies controlled by central and state-owned enterprises have continued to invest, providing crucial support for buybacks and shareholding increases. From traditional industries to hard tech, from shareholding increases by major shareholders to cancellation-style buybacks, the actions of industrial capital are revealing new structural shifts.