提振投资者信心久久为功

Core Viewpoint - The active capital market is closely linked to investor confidence, with significant increases in trading volume in the Shanghai and Shenzhen stock markets during the first three quarters of the year, reflecting positive market outlook among investors [1][2]. Group 1: Capital Market Reforms - Continuous promotion of capital market reforms is essential, enhancing the inclusiveness of the system and accelerating support for technological innovation, with over 90% of new listed companies being tech-related [1][3]. - The market capitalization of the technology sector now exceeds 25% of the total A-share market, surpassing the combined market cap of banking, non-banking financial, and real estate sectors [1]. Group 2: Quality of Listed Companies - Improving the quality of listed companies is crucial for activating the capital market and boosting social confidence, with regulatory measures aimed at enhancing governance, return capabilities, and investment value [3]. - As of October 21, 843 A-share companies announced 850 interim dividend plans, totaling 662.03 billion yuan, showcasing a commitment to returning value to investors [3]. Group 3: Long-term Capital Inflow - The implementation of guidelines to encourage long-term capital inflow has shown significant progress, with various types of long-term funds holding approximately 21.4 trillion yuan in A-share market value, a 32% increase since the end of the 13th Five-Year Plan [4]. Group 4: Regulatory Measures - Strengthening regulatory measures to combat illegal activities is vital for maintaining market order and protecting investor interests, with increased enforcement actions and a commitment to enhancing the detection of violations [5]. - The active capital market and investor confidence require a collaborative effort from regulatory bodies and market participants to ensure stability [5].