中国证监会主席吴清：截至8月末中长期资金合计持有A股流通市值约21.4万亿元

Core Insights - The press conference highlighted significant achievements in the financial sector during the "14th Five-Year Plan" period, emphasizing the importance of prioritizing investor interests and implementing reforms to enhance investment quality [1] Investment Reforms - Major breakthroughs in investment-side reforms have been achieved, including the establishment of a high-quality development action plan for public funds and a comprehensive evaluation system focused on investment returns [1] - A three-stage fee reduction reform has been fully implemented, aimed at improving the investment environment for investors [1] Long-term Investment Initiatives - Important measures have been introduced to promote long-term capital market participation, including guidelines for encouraging long-term funds to enter the market and pilot programs for insurance funds' long-term stock investments [1] - The personal pension system is being promoted nationwide, which is expected to enhance individual investment in the stock market [1] Market Impact - As of August 2025, various types of long-term funds are projected to hold approximately 21.4 trillion yuan in A-share market capitalization, representing a 32% increase compared to the end of the "13th Five-Year Plan" [1]