On October 28, 2025, during the listing ceremony for the inaugural batch of newly registered companies on the Growth Enterprise Market (GEM) Tier of the Science and Technology Innovation Board, Qiu Yong, Chairman of the Shanghai Stock Exchange, delivered a speech. He emphasized that future efforts would center on fostering the synchronized growth of investment and financing, boosting the market's allure and competitive edge. This involves persistently pushing forward investment-side reforms, with a particular focus on cultivating steady capital—funds that are patient and committed to long-term horizons—and long-term investment. Additionally, there is a strong push to expand index-based investment strategies, continually elevate the caliber and investment appeal of listed firms, and expedite the formation of a vibrant market ecosystem. In such an ecosystem, capital flows in readily, companies thrive and remain, and investors are rewarded with satisfactory returns.