面对新机遇，中长期资金入市规划图来了！深交所副总经理唐瑞明确三大路线

Core Viewpoint - The establishment of the "Chinese version of the stabilization fund" has led to a continuous rise in the A-share market, with regulatory guidance encouraging more medium- and long-term funds to enter the market [1][2]. Group 1: Policy Developments - The central government and various ministries are emphasizing the importance of medium- and long-term funds entering the market, with multiple policies introduced to stabilize the market [5]. - The new "National Nine Articles" and the 2025 government work report reiterate the need for healthy capital market development [5]. - A joint action plan by six ministries aims to steadily increase the scale and proportion of equity funds [5]. Group 2: Economic and Industrial Context - Domestic economic recovery is showing positive trends, with investment and consumption growth exceeding expectations [6]. - Technological innovation is driving industrial transformation, particularly in sectors like integrated circuits and artificial intelligence [6]. Group 3: International Practices - Mature markets have established long-term investment mechanisms that provide replicable pathways for "long money and long investment" [7][8]. - The U.S. 401(k) plan has allocated over $30 trillion in pension assets to equity markets, creating a virtuous cycle of savings, investment, and value appreciation [7]. Group 4: Strategies for Attracting Long-term Funds - The Shenzhen Stock Exchange is developing a work plan to attract medium- and long-term funds, focusing on product supply, optimizing the environment, and service integration [9][10]. - The plan includes enhancing the quality of listed companies, supporting innovative bond products, and improving index compilation methods [11][12][13]. - Regulatory mechanisms will be optimized to facilitate participation in new stock issuances and enhance liquidity for ETFs [14]. - Various initiatives will be implemented to better serve existing medium- and long-term funds and promote diversified investment strategies [15].