全球流动性宽松开启！A股能否接住国际资本？顶层已有重要考量

Group 1 - The current market has formed a dual circulation mechanism of sentiment and liquidity, indicating a weaker direct correlation between short-term market trends and economic fundamentals, with more emphasis on upward expectations and capital flow [2] - As investors observe market increases due to capital inflow, they tend to participate actively, leading to a broader trend of reallocating household savings to the capital market [4] - The capital market's development pace must align with long-term strategies, especially during the real estate market adjustment period, to avoid excessive short-term growth that could hinder future potential [4] Group 2 - The strategic development of the capital market is crucial for mitigating debt risks, stimulating effective demand, and enhancing asset valuations in the short term, while also positioning the country favorably in global competition for high-quality economic development in the long term [5] - China's industrial capacity is projected to account for 35% of global capacity by 2024, necessitating the expansion into overseas markets due to insufficient domestic consumption [7] - The need for innovation in original fields is critical for maintaining global competitive advantages, improving living standards, and creating employment opportunities, with the capital market playing a vital role in providing financing channels and fostering a virtuous cycle of innovation and development [7]