The background behind the successful IPO of Yu Shu and Chang Xin: Venture capital betting on hard technology.

Behind the star companies like Yushu Technology and Changxin Technology that have recently passed their IPOs, the shadow of insurance funds institutions is particularly striking. From storage chips to GPUs, insurance funds are accelerating their layout in the hard technology track through direct shareholding, equity investment plans, private equity funds, and other means. Against the background of declining interest rates and a shortage of high-quality assets, "investing early, investing in hard technology, and long-term investment" has become the consensus for insurance funds to navigate through the economic cycle.