On April 21st, at a regular press conference hosted by Foreign Ministry Spokesperson Wang Wenbin, foreign media reporters asked if US President Biden is expected to sign an executive order in the coming weeks to restrict US companies' investment in key economic areas such as semiconductors, artificial intelligence, quantum computing, etc. What is the spokesperson's comment on this? Wang Wenbin stated that we have taken note of the relevant reports and firmly oppose them. The United States is accustomed to politicizing, instrumentalizing, and weaponizing economic, trade, and technological issues under the guise of national security, vigorously promoting "small courtyards and high walls", "decoupling and chain breaking", and even resorting to economic coercion against allies at the expense of friends and friends. He pointed out that the true purpose of the US side is to deprive China of its development rights, maintain its own hegemony and self-interest, which is a blatant economic coercion and technological bullying, seriously violating the principles of market economy and fair competition, seriously disrupting the international economic and trade order, seriously disrupting the stability of the global industrial and supply chains, and damaging the interests of the entire world. China will closely monitor relevant trends and resolutely safeguard its own rights and interests. There is no need for A-shares to overreact. Talking about their views on the above administrative order, on April 23, Wang Xiaolong, Director of the Enterprise Department of Xinmou Research, told reporters that the United States' crackdown on key economic sectors such as Chinese semiconductors has not been overnight. Prior to this, there have been successive policies prohibiting American individuals from supporting China's advanced chip development or production without a license. The purpose of these measures is for the United States to consolidate its "technological hegemony" and prevent China's high-tech industry from expanding and strengthening. The administrative order to restrict US companies' investment in key areas of China can be offset by other factors in the long run. On the one hand, currently, US companies do not invest much in these areas, mainly Intel, Qualcomm, and other large factories that have already been established in China (past projects are expected to be unaffected), which will disrupt their future investment pace. However, it is not ruled out that companies will seek other ways to continue related investments in the future (such as establishing a joint venture, etc.); In addition, some US investment institutions are also expected to be restricted. However, from the perspective of key domestic industries, in the long run, the pursuit of advantageous industries and projects by capital will continue, but the original position of US capital will be replaced by capital from other countries and regions Wang Xiaolong believes that. Some high-tech companies hold similar views on this. When it comes to the impact of the US plan to introduce policies, A senior executive of a semiconductor listed company in Shanghai told reporters: We have always been a highly international company, from investors to daily operations, to technical cooperation, among which the shareholders are very diverse and there are also American companies. We are not concerned about whether individual shareholders' investments are limited. In China, the company has received support from various investment institutions, including large funds, and institutional investors (including sovereign funds) from multiple countries and regions around the world They also maintain close contact and communication with us. In the long run, diversified institutional holdings not only contribute to the stable performance of the secondary market stock price, but also help the company carry out future refinancing projects It is worth noting that the A-share market adjusted last Friday (April 21), with technology sectors such as semiconductors and artificial intelligence showing some decline. Regarding capital market performance, Vice President of Tianfeng Securities