On March 11th, 2025, the National People's Congress and Chinese People's Political Consultative Conference completed various agendas and successfully concluded. During the conference, topics such as vigorously boosting consumption, developing new quality productivity according to local conditions, promoting the healthy development of the real estate and stock markets, and developing and strengthening the private economy became hot topics of discussion. The interviewed representatives and committee members expressed that the government work report has strengthened their confidence in development and enhanced their confidence. In the future, with the joint efforts of various industries, the Chinese economy will continue to rebound and improve, injecting more impetus into the high-quality development of the world economy. Supporting technological innovation to further enhance skilled talents' increasing potential. Technological innovation has always been a focal point of the National People's Congress and the Chinese People's Political Consultative Conference. New achievements have been made in fields such as integrated circuits, artificial intelligence, and quantum technology, causing a surge of enthusiasm among the representatives and committee members. The government work report proposes a series of deployments, including "developing new quality productive forces according to local conditions, accelerating the construction of a modern industrial system," "promoting the integration of scientific and technological innovation and industrial innovation," and "continuously promoting the" artificial intelligence+"action," indicating that scientific and technological innovation is becoming a new driving force for China's economic development. I come from the mechanical processing industry, so I am very concerned about the arrangements for technological innovation and industrial innovation development mentioned in the government work report Fu Guotao, a deputy to the National People's Congress and chief technician of China Shipbuilding Group, said in an interview that the foundation of new quality productivity is scientific and technological innovation and industrial innovation. Promoting the development of intelligent manufacturing, front-end manufacturing, intelligent equipment and manufacturing industrial equipment will help China's economic sustainable and stable development. We are engaged in the field of new material development, fortunately, the industrialization and research environment in this field are relatively good. However, to further develop, we still need the assistance of the government and relevant units Zhai Yanping, a deputy to the National People's Congress and vice president of the Rare Earth Catalytic Innovation Institute (Dongying) Co., Ltd., said in an interview with the Securities Daily that in the process of transforming scientific research achievements, there are often many difficulties. If the financial industry can conduct exploratory investments like venture capital, it will greatly promote the rapid implementation of scientific research results. Promoting high-level technological self-reliance and self-improvement, talent cultivation is also crucial. Fu Guotao stated that the government work report mentions the integration of education development, technological innovation, and talent cultivation. The development of the manufacturing industry requires the cooperation of talents, as well as the integration of industry and education, and the cooperation of industry, education, and research. Serving the development of new quality productive forces is an unshirkable responsibility of the capital market, and also an opportunity for the high-quality development of the capital market itself. Zhang Haijun, a deputy to the National People's Congress and the chief scientist of Shandong Baiduo'an Medical Instrument Co., Ltd., told reporters that at present, the country emphasizes high-quality development and the formation of strong productivity, and financial prosperity is crucial. Whether promoting innovation or economic development, an active capital market is an indispensable and important factor. I believe that with the introduction of various national policies, major market factors such as the stock market and housing market will usher in a prosperous development. The government work report for the first time includes stabilizing the real estate and stock markets as an overall requirement for economic and social development, and proposes "greater efforts to promote the healthy development of the real estate and stock markets". Specific arrangements have been made to deepen the comprehensive reform of capital market investment and financing. Tan Yueheng, a member of the National Committee of the Chinese People's Political Consultative Conference, a member of the Hong Kong Legislative Council, and a director of Bank of Communications International, stated in an interview with reporters: "Stabilizing the stock market and developing the capital market can achieve a positive interaction between consumption and investment, which is conducive to expanding domestic demand in all aspects. The capital market is an effective platform for converting savings into investment. If the capital market develops well, it will broaden residents' investment channels, increase their property income, and consolidate the income foundation for expanding domestic demand. In addition, the capital market is the main financial support for the development of technology enterprises. The deepening of capital market reform will introduce capital vitality for the development of science and technology enterprises, especially the hard technology industry." Promoting the entry of medium and long-term funds into the market is a key measure to stabilize the stock market and enhance the internal stability of the market. Liu Shangxi, a member of the National Committee of the Chinese People's Political Consultative Conference and former president of the Chinese Academy of Fiscal Sciences, told reporters that medium and long-term funds, as long-term capital and patient capital, focus more on value investment rather than short-term speculation. Currently, the market requires long-term and stable capital support. Insurance funds, pensions, and other sources are important. By deepening reforms, these funds can be guided to transform into patient capital, providing long-term support for the market. Tan Yueheng suggested making full use of the opportunity of the capital market recovery, increasing the convenience of swaps and the scale of repurchases and refinancing, reducing reserve requirements at the right time, implementing sovereign funds, social security pension funds, and insurance asset management funds to increase the proportion of stock market investment, using strategic strength reserves to build a solid foundation for the capital market, accelerating the implementation of landmark reform measures in the capital market, shaping positive social expectations for the capital market, creating a good atmosphere for innovative development through active capital market reform, and promoting high-quality economic development. The government work report also proposes to accelerate the development of venture capital and strengthen patient capital. Zhang Haijun stated that innovation is a long-term and complex process, which may be in the technical stage or in the early stage of industrialization, and each stage requires different capital interventions to promote its development. Especially for early projects, as commercial capital often finds it difficult to easily enter, state support becomes particularly important. Increasing investment in early-stage projects by the government will undoubtedly play a good role in promoting the development of the entire innovation chain. The role of consumption as a "ballast stone" highlights the "spring has arrived" of the private economy. The government work report clearly proposes to "implement a special action to boost consumption". Tian Xuan, a deputy to the National People's Congress and president of the National Institute of Finance of Tsinghua University, told reporters that the key to expanding domestic demand and boosting consumption is to solve the employment problem. The target set in this year's government work report is to create more than 12 million new jobs in urban areas, but the employment pressure is still relatively high. Therefore, the employment priority policy is crucial as it can provide stable cash flow for the public. In addition to employment, it is also necessary to address livelihood issues such as elderly care, childcare, housing, medical care, disability assistance, and home economics, and provide more high-quality consumption scenarios and products. Guo Xingtian, a deputy to the National People's Congress and chairman of Wanhua Ecological Group, said in an interview that to expand residents' consumption, it is necessary to change residents' consumption concepts and make them have consumption awareness; We also need to optimize product supply to better meet the diverse and differentiated consumer demands in China. In addition, national financial support needs to encourage consumption more and enable residents to have the ability to consume. In addition, developing and strengthening the private economy is an important engine for promoting high-quality economic development, and financial support is a key guarantee for the development of the private economy. Currently, the Private Economy Promotion Law is in the process of being formulated and has attracted attention from all sectors of society. Liu Yonghao, a member of the National Committee of the Chinese People's Political Consultative Conference and Chairman of New Hope Group, told reporters that he hopes to ensure true equality in resource access and financial support for state-owned enterprises, private enterprises, and foreign enterprises through legal means. In terms of financial support, Liu Yonghao believes that further research is needed to develop targeted measures, optimize credit policies, broaden financing channels, reduce financing costs, and effectively solve the funding difficulties of private enterprises. Only through the dual efforts of legal protection and financial support can we effectively boost the development confidence of private enterprises, stimulate the consumption vitality of the whole society, and inject strong impetus into the sustained and healthy development of the economy. Wang Lianzeng, deputy to the National People's Congress and chairman of Huayu Agricultural Technology Co., Ltd., told reporters that the development and expansion of private economy should start with optimizing the business environment and expanding financial support. "Now the opportunity for private economy has arrived, and the spring has arrived. As a private enterprise operator struggling in the front line, we should take the lead and march forward boldly." He Xiaopeng, a deputy to the National People's Congress and chairman of Guangdong Xiaopeng Auto Technology Co., Ltd., said in an interview with reporters: "At present, the country is formulating relevant policies for automatic driving, humanoid robots, low altitude economy and other industries. The introduction of these policies will open a new stage for private enterprises, so that we have the confidence to compete with foreign-funded enterprises and state-owned enterprises on the same stage." (Lixin News Agency)