走近一揽子金融政策（下）丨一揽子金融政策持续改善资本市场生态

Group 1 - The core viewpoint of the article is that a comprehensive financial policy package released by Chinese financial authorities aims to stabilize the market and boost investor confidence, leading to a positive performance in the stock market, with the Shanghai Composite Index and the ChiNext Index rising by 1.92% and 3.27% respectively [2][3][9] Group 2 - The financial policy package includes measures such as lowering the reserve requirement ratio, reducing policy interest rates and personal housing fund loan rates, expanding the scope for long-term investment by insurance funds, and supporting the central Huijin Investment Company to act as a stabilizing fund [3][9] - Experts believe that the policy will help counter external negative shocks, particularly from increased economic uncertainties due to U.S. tariff policies and geopolitical conflicts, thereby stabilizing market expectations [3][4] Group 3 - The China Securities Regulatory Commission (CSRC) also released an action plan to promote the high-quality development of public funds, which is expected to enhance market stability and attract long-term capital, optimizing the market ecosystem and investor structure [4][10] - The influx of long-term capital is anticipated to improve market liquidity and reduce short-term volatility, encouraging a shift towards long-term value investment rather than short-term speculation [4][10] Group 4 - The financial policy package emphasizes support for new productive forces, including the introduction of reforms for the Sci-Tech Innovation Board and the Growth Enterprise Market, and the promotion of technology innovation bonds [6][11] - The CSRC aims to guide public funds towards strategic industries such as semiconductors, new energy, and the digital economy, aligning with national economic restructuring needs [6][11] Group 5 - The policy measures are expected to accelerate the transition of the A-share market from a scale-driven model to a quality-driven model, potentially leading to a healthier and more resilient capital market ecosystem [7][12]