The Shenzhen Stock Exchange has released its New Year’s message for 2026. In 2026, the Shenzhen Stock Exchange will refine its risk monitoring and prevention system, prevent and mitigate risks in key areas, and make every effort to maintain the stable operation of the market. It will actively cultivate a group of high-quality listed companies, promote the high-quality development of index-based investing, enhance the market’s appeal to medium- and long-term capital, and focus on strengthening the market’s intrinsic stability. Strict supervision and an optimized ecosystem. We will strengthen full-chain supervision, enhance categorized regulation, emphasize technology-driven empowerment, and crack down on illegal and non-compliant activities, using strict oversight to maintain market order and foster a healthy ecosystem. Driving Reform to Promote Development. We will further deepen comprehensive reforms in investment and financing, enhance the inclusiveness and adaptability of our systems, better support the growth and expansion of innovative and entrepreneurial enterprises in emerging fields and future industries, and provide full-chain, full-lifecycle services to support the development of the real economy.