Societe Generale Securities said that state-owned enterprises, particularly central enterprises, are the “backbone” of the socialist economic development with Chinese characteristics. The “14th Five-Year Plan” and the “Vision 2035” outline place scientific and technological innovation first, laying a solid foundation for the development of science and innovation over the next five years and beyond. High-quality central enterprises have the attribute of “defense and counterattack”. In an investment environment with high uncertainty, high-quality central enterprises can be deployed to embrace assets with relative certainty in performance and a cost-effective valuation ratio. The CSIC Central Enterprise Innovation Driven Index was released on May 16, 2019, reflecting the overall trend of shares of listed companies of central enterprises with technological innovation vitality in the A-share market.