The State Council's State-owned Assets Supervision and Administration Commission issued the "Several Opinions on Improving and Strengthening the Market Value Management of Central Enterprises' Listed Companies". It proposes to actively carry out mergers and acquisitions that are beneficial to enhancing investment value.mergers and acquisitions.Mergers and acquisitions. Central enterprises should grasp the development laws of Capital Markets, deeply understand the changes in market valuation logic, promote the further aggregation of high-quality internal resources of enterprises to holding listed companies, and support holding listed companies in implementing mergers and acquisitions around enhancing competitive advantages in their main businesses, enhancing technology innovation capabilities, and promoting industrial upgrades. Guide holding listed companies to delve into their main responsibilities and core businesses, closely monitor changes in industry cycles and competitive dynamics, and focus on the key links of the industry chain and supply chain to accelerate the integration of high-quality assets in the industry to create leading enterprises in the industry. Encourage diversified holding listed companies to further highlight their specialized development features, explore the independent separation of internal businesses with excellent quality, good growth potential, and differentiated competitive advantages in the industry, and implement spin-off listings in a standardized and prudent manner to further exploit the market value of the company in segmented industries. Promote holding listed companies to place greater emphasis on technology innovation, closely monitor core technology resources, actively engage in investment and mergers and acquisitions to empower the application and Diffusion of the technology innovation achievements of small and medium-sized enterprises, strengthen equity cooperation with Universities, research institutes, and other research Institutions in the transformation of scientific and technological achievements, and create leading technology enterprises. Support holding listed companies to accelerate the layout of strategic XINXINGCHANYE and future industries through mergers and acquisitions based on their industrial foundation and main business development planning, cultivate new productive forces, and create industry-leading enterprises. Strictly control holding listed companies from blind expansions, increasing excess capacity, harming financial health, and decreasing operational efficiency through external mergers and acquisitions.