The "Eight Measures for the STAR Market," introduced by the China Securities Regulatory Commission, have accelerated capital market reforms, bolstered the listing of high-tech enterprises, and refined the issuance and underwriting system. The M&A and restructuring landscape has invigorated, while the STAR Market index system has undergone enhancements. Over the past year, unprofitable enterprises have seamlessly debuted on the STAR Market, and the process for new share issuances has been streamlined, attracting medium- and long-term capital investments. Additionally, the expansion of industry-focused ETFs has provided robust support for technological innovation.