At the beginning of the year, the State-owned Assets Supervision and Administration Commission stated that this year it will fully launch the assessment of Market Cap management for listed companies, using Algo to evaluate the market performance of central state-owned enterprises' holding listed companies. This aims to guide state-owned enterprises to pay more attention to the intrinsic value and market performance of listed companies, convey confidence, stabilize expectations, and better return to investors. Over the past year, central enterprises have actively explored effective paths for Market Cap management, comprehensively utilizing means such as dividends, repurchase, and Shareholding by major shareholders to enhance investment value. They have also proposed measures to optimize their main business, strengthen innovation and research and development, accelerate the layout of ShenZhen New Industries Biomedical Engineering, and deepen reforms, forming a "combination punch" to improve quality and efficiency. At the same time, the institutional construction of Market Cap management is also actively being promoted. Several state-owned assets experts analyze that Market Cap management, as a long-term systematic project in the capital markets, relies on social synergy. It is suggested that relevant national departments should conduct top-level design regarding its theoretical connotation, strategic goals, and development paths, issue clear plans and guidelines, clarify the responsibilities and tasks of relevant parties, clearly define the red lines and bottom lines of Market Cap management, continuously build consensus among all parties, guide sustainable and scientific evolution, and gradually push Market Cap management to go deeper. (First Financial)