证监会表态稳市场！5000万股民迎转机，下周一更大级别行情可期

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has made a significant announcement to stabilize the market, encouraging cash dividends and implementing supportive policies, which is expected to boost investor confidence and potentially lead to a larger market rally next week [1][2]. Group 1: CSRC's Announcement - On October 17, the CSRC released a "stabilizing pill" by revising the "Corporate Governance Guidelines for Listed Companies," effective from January 1, 2026, which mandates companies to actively return profits to shareholders and maintain stable cash dividend policies [1]. - The new regulations aim to enhance shareholder returns, addressing the previous issue where profitable companies offered minimal dividends, thus compelling companies to distribute more profits to shareholders [2]. Group 2: Multi-Department Collaboration - The CSRC's efforts are supported by coordinated actions from the central bank and the Ministry of Finance, creating a comprehensive policy framework to inject liquidity into the market [4]. - On October 9, the central bank conducted a 1.1 trillion yuan reverse repurchase operation, providing mid-term liquidity support, which is crucial given the 1.3 trillion yuan reverse repos maturing in October [4]. - The Ministry of Finance announced a reduction in the securities transaction stamp duty from 0.1% to 0.05%, effective January 1, 2025, significantly lowering trading costs for investors [4]. Group 3: Market Response - Following the policy announcements, there has been a surge in share buybacks and shareholder increases, indicating strong market confidence [5]. - On October 17, Hainan Huatie announced plans for a share buyback of between 55 million and 100 million yuan, while Shennong Industry completed a buyback of nearly 3 million yuan [5]. Group 4: Long-term Capital Support - As of August 2025, various long-term funds held approximately 21.4 trillion yuan in A-share market value, reflecting a 32% increase since the end of the 13th Five-Year Plan [6]. - Starting in 2025, large state-owned insurance companies are required to invest 30% of their new premiums into A-shares, with a minimum of 100 billion yuan allocated for long-term stock investment trials [7]. - These long-term investments are subject to a three-year assessment period, allowing for a focus on long-term growth rather than short-term price fluctuations, providing a solid foundation for the market [7].