The tide of commercialization of state-owned assets is surging, and the battle for dominance in new industries is gathering momentum.

From China National Uranium Corporation and Huadian Xinhua Energy succeeding in listing on the stock market, to China Railway Rolling Stock Corporation planning to split off China Railway Rolling Stock Institute and go public on the ChiNext, to state-owned car companies such as Avita and Lantu collectively striving for a listing on the Hong Kong Stock Exchange... In recent times, a group of state-owned enterprises carrying out national strategic missions have intensively knocked on the door of the capital market. This wave of asset securitization, with a core focus on "concentrating on core business and expanding into strategic new areas", outlines a clear path for state-owned capital to transition to high-quality development. Industry insiders believe that the current listing of central enterprises is not only for financing, but also a strategic lever for deepening reform, the core of which lies in promoting the upgrade of core businesses and the development of strategic emerging industries, and developing new quality productive forces. In the next stage, it is expected that frontier areas such as new materials, biopharmaceuticals, and the digital economy will continue to be the focus of capital operations, with spin-off listings becoming a significant trend aiming to stimulate innovation vitality through the construction of independent financing platforms.