流动性迎来转机！强力支援来了？

Group 1 - A-shares have maintained a trading volume exceeding 1 trillion for 60 consecutive trading days, indicating a strong liquidity environment and a sentiment of "funds not easily falling" among fund managers [1] - The central bank's monetary policy stance has shifted to a more cautious approach, with no immediate urgency for further rate cuts or reserve requirement ratio reductions, as the GDP growth target for the year has been met [1][2] - The "national team" has adjusted its market intervention strategy, moving from aggressive support to a more balanced approach of "support and pressure," indicating a desire to stabilize market growth without excessive volatility [2][3] Group 2 - The shift in real estate policy towards quality improvement rather than expansion suggests that funds previously allocated to the property market may flow into the stock market, positioning A-shares as a new reservoir for household wealth [3] - The introduction of capital gains tax on overseas investments is likely to incentivize some funds to return to A-shares, as the tax burden on profits from foreign stock markets increases [4] - For A-shares to attract more new capital, improvements in market regulations and the introduction of reliable companies for listing are essential to ensure investors can achieve returns [4]