分析师：当前股票和基金在中国居民资产中的占比较发达市场仍有较大差距

Group 1 - The core viewpoint is that as real interest rates decline, there is potential for continued inflow of household assets into equity assets in China, indicating a shift in investment behavior [1] - Currently, the proportion of stocks and funds in Chinese household assets is significantly lower compared to developed markets, suggesting room for growth in this sector [1] - Historically, when the proportion of funds with positive net value reaches 80%, there is a turning point in fund issuance, and the current situation is approaching this indicator [1] Group 2 - From the perspective of leveraged funds, there is still some incremental space for financing balances, indicating potential for further investment activity [1]