Xia Lei, chief economist of Guohai Securities, said on July 20 that currently, technology is self-reliant and moving forward. In the first half of the year, the integrated circuit production scale of industrial enterprises above the scale of China reached 279.8 billion blocks, with an average production of more than 1.5 billion integrated circuits per day; the production rate of industrial robots and service robots increased by 28% and 11.9%, respectively; the penetration rate of artificial intelligence technology applications in manufacturing enterprises above scale exceeded 30%; and the cumulative number of downloads of AI open source models worldwide exceeded 10 billion times. The backbone of science and innovation in the capital market continues to grow. Currently, the A-share technology sector accounts for more than 30% of the total market capitalization, and technology enterprises account for 45% of the 100 billion market capitalization enterprises. Xia Lei believes that in the face of short-term market adjustments, it is even more necessary to maintain confidence and believe in the internal resilience of China's capital market. The long-term positive development foundation of China's capital market is still stable, providing a solid foundation for the capital market to better serve scientific and technological innovation. The future is bound to be steady and far-reaching.

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