[The primary and secondary markets for social security funds are increasing, and the focus of long-term capital investment has shifted to "hard technology"] September 3rd, the direction of long-term capital investment has shown new changes. The latest data on stocks with heavy holdings of social security funds and insurance funds show that the market value share of "hard technology" heavy holdings of social security funds increased from 7.62% in the first quarter to 12.62%, and the proportion of insurance funds increased from 2.89% to 5.02%. According to the interviewees, driven by both policy guidance and allocation needs, long-term funds are accelerating to gather in the field of technological innovation, and the layout of primary and secondary markets is simultaneously increasing. From the perspective of secondary market positions, "hard technology" became the direction for social security funds and insurance funds to increase their positions in the second quarter. As of the end of June, social security funds were heavily invested in 141 hard technology stocks, with a total market value of 67.664 billion yuan. In the second quarter, the market value increased by 27.473 billion yuan, with 48 new stocks and 40 additional positions. Insurance funds were heavily invested in 128 "hard technology" stocks, with a market value of 80.728 billion yuan. In the second quarter, the market value increased by 35.594 billion yuan, with 41 new stocks and 52 additional positions. (Shanghai Securities News)