A股重磅，一则“长钱指引”传闻，突然刷屏

Core Viewpoint - A pension insurance company has issued an investment guideline to its asset managers, requiring a reduction in growth-style holdings and a review of existing positions to ensure compliance with the new directive [1][2]. Group 1: Investment Guidelines - The guideline emphasizes the need for asset managers to reassess their current holdings and reduce the proportion of growth-style investments to a lower level [2]. - The adjustment must be completed within two trading days, specifically by November 17, 2025, to meet the set requirements [2]. - The directive is aimed at stabilizing year-end performance and improving market ranking through optimized portfolio structure [2]. Group 2: Market Implications - The guideline reflects a broader trend of guiding long-term investments and enhancing the interaction between pension funds and capital markets [3]. - Analysts suggest that recent market trends indicate a shift in investment styles, with increased interest in previously popular sectors like consumption and new energy [5]. - There is an expectation that market styles may rebalance, moving away from a technology growth focus towards a more diversified structure [5].