Recently, the SASAC issued "Several Opinions on Improving and Strengthening the Market Cap Management Work of Central Enterprises Controlling Listed Companies." Among them, it was proposed that central enterprises and controlling listed companies should regard Share Buyback and Shareholding as a long-term foundational task, establishing a normalized Share Buyback and Shareholding mechanism. Continuously enhancing the capability to respond to complex situations in the Capital Markets, guiding controlling listed companies to prepare response plans in advance for short-term continuous or significant declines in stock prices, improving response speed, decision-making efficiency, and execution efficiency, stabilizing market sentiment, and effectively maintaining the Market Cap of listed companies. Strict compliance with the regulations on Shareholding by major shareholders and actual controllers is required, prohibiting illegal Shareholding and circumvention of Shareholding, while encouraging central enterprises to boost investor confidence through voluntarily extending stock lock-up periods, voluntarily terminating Shareholding plans, and committing not to sell stocks. High importance is placed on the issue of below-par stocks of controlling listed companies, incorporating the resolution of long-term below-par issues into annual key work, guiding long-term below-par listed companies to develop and disclose valuation enhancement plans and supervise execution; for below-par listed companies with weak business synergy, poor stock liquidity, and essentially losing functional roles, encouragement is given to address them through mergers and acquisitions, as well as asset restructuring.