中国证监会主席吴清：完全有条件、有信心、有能力实现中国股市稳定健康发展

Core Viewpoint - The Chinese stock market is expected to achieve stable and healthy development despite external uncertainties, supported by strong government policies and market conditions [1][2]. Group 1: Market Stability - The stability of the stock market is crucial for the overall economic and social landscape, as well as for the interests of millions of investors [1]. - The current trend of economic recovery in China is being reinforced, with adequate policy responses to external shocks, creating a solid foundation for the stable operation of the capital market [1]. Group 2: Confidence Sources - Confidence in the market stems from four main aspects: strong leadership and commitment from the central government, effective implementation of the "1+N" policy system, a clearer "technology narrative" in the A-share market, and relatively low valuation levels compared to global indices [2]. - The A-share market's price-to-earnings ratio is currently at 12.3, which is significantly lower than that of major global indices like the S&P 500, enhancing the attractiveness of Chinese assets amid global instability [2]. - The overall characteristics of the market are deemed reliable, supported by sound economic development, macro policies, and institutional guarantees, which inject more certainty into the economy and capital market [2].