上海财经大学：沪上投资者信心持续回升

Core Insights - The Shanghai Investor Confidence Index rose to 120.95 points in Q3 2025, showing significant year-on-year and month-on-month increases, reflecting improved market expectations and the impact of coordinated policies and high-quality economic development [1] Group 1: Investor Confidence Index Components - The index comprises four core indicators: Investment Environment Confidence Index (109.92 points), Entrepreneur Investment Confidence Index (118.69 points), Institutional Investor Confidence Index (145.53 points), and Individual Investor Confidence Index (109.66 points), indicating an overall increase in confidence among various market participants [1] Group 2: Policy Support and Economic Factors - Coordinated policy efforts are identified as a key support for the rise in confidence, with proactive fiscal policies, accelerated issuance of special bonds and ultra-long-term government bonds providing clear funding sources for investment projects [1] - Monetary policy remains reasonably accommodative, alleviating concerns about systemic liquidity risks, while a temporary recovery in capital markets and improved financing conditions have facilitated credit allocation to manufacturing and technology enterprises [1] - Stabilization of the international environment has also contributed to the enhancement of investor confidence [1] Group 3: Recommendations for Future Actions - The research team suggests consolidating policy coordination achievements, improving fiscal expenditure structure, accelerating financing facilitation for small and medium-sized enterprises, expanding green and service consumption, deepening capital market reforms, and continuously releasing the driving force for long-term capital allocation [2]