华源证券研究所所长刘晓宁：股市有望保持稳中向好态势

Core Insights - The Central Political Bureau of the Communist Party of China held a meeting on July 30 to analyze the current economic situation and outline economic work for the second half of the year [1] - Liu Xiaoning, Assistant General Manager and Director of the Research Institute at Huayuan Securities, indicated that the meeting sets the tone for economic work in the second half of the year, emphasizing continued fiscal and monetary easing [1] - The expectation is that China will achieve a GDP growth target of around 5% by 2025, which supports a stable and positive development of the stock market [1] Economic Policy and Market Impact - Since September 2024, economic recovery has been observed, driven by incremental policy measures, leading to a steady rise in the stock market [1] - The meeting highlighted the importance of enhancing the attractiveness and inclusiveness of the domestic capital market, which is expected to further boost investor confidence and promote a stable upward trend in the stock market [1] - The focus on macroeconomic policies and their timely reinforcement is aimed at sustaining economic growth and supporting the capital market's development [1]