持续稳定和活跃资本市场 力促中长期资金加速入场

Group 1 - The meeting of the Political Bureau of the Central Committee emphasized the importance of a "sustained, stable, and active capital market" to stabilize domestic social expectations and better respond to external risks [1][2] - The capital market is seen as a crucial channel for residents to increase property income and meet growing wealth management needs, with stable asset prices contributing to positive wealth effects and enhancing consumer willingness and capacity [1] - The phrase "sustained, stable, and active capital market" indicates an elevated importance of the capital market compared to previous discussions focused solely on stability and activity [1][2] Group 2 - Policies are expected to maintain capital market stability and further activate the market through various measures, including optimizing listing and financing systems, encouraging long-term capital inflow, and supporting mergers and acquisitions [3] - An active capital market can effectively lower financing costs and enhance capital allocation efficiency, better serving the real economy [3] - The Science and Technology Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange are identified as key platforms for technology-driven enterprises, with future efforts aimed at optimizing market functions and enhancing vitality [3] Group 3 - The statement from the Political Bureau, combined with recent decisive measures to stabilize the market, reflects the determination of decision-makers to maintain capital market stability [4] - In the context of overall economic stability and ample liquidity, market risk appetite is expected to continue improving [4]