The total market value of the electronic industry surpasses that of banks for the first time, reflecting the strong empowerment of the capital market on technological innovation.

In the recent market rebound trend, the A-shares quietly ushered in a historic moment: as of August 22, the total market value of the electronic industry surpassed the banking industry for the first time, becoming the largest industry in the A-share market with a market value of 11.54 trillion yuan. This structural change not only reflects the accelerated rise of China's electronic industry and the shift in investors' "aesthetics" preferences, but also reflects the strong empowerment of the capital market towards technological innovation, as China's economic development momentum steadily moves towards innovation-driven development. The reshuffle of the total market value ranking of industries in the A-share market not only represents the reassessment of the value of the electronic industry by the market, but also reflects the effectiveness of China's economic structural adjustment. Currently, the anchor for asset pricing is gradually shifting from the traditional "scale and stability" to "technology and growth", as social capital continues to flow into breakthrough and forward-looking hard technology fields. In this process, the capital market, as an important hub for resource allocation, needs to continue deepening reforms and constructing a service system that better matches the needs of science and technology innovation enterprises.