Xin Lang Cai Jing·2025-11-26 06:19Core Viewpoint - The A-share market has shown a stable upward trend this year, with the Shanghai Composite Index increasing by over 15% [1] Group 1: Market Stability and Mechanisms - The stability mechanism of the Chinese stock market has shifted from "crisis response" to "proactive governance" [1] - Systematic promotion through policy coordination, institutional reform, and emergency response has significantly enhanced the market's inherent stability [1] Group 2: Future Outlook and Opportunities - The 20th National Congress of the Communist Party has included "financial power" in the five-year planning framework for the first time, highlighting the capital market's more prominent position [1] - The "14th Five-Year Plan" period will see further deepening of capital market reforms, enhancing institutional inclusiveness and adaptability [1] - A financing system that meets the needs of new productive forces will be constructed to promote coordinated development of investment and financing [1] - These developments aim to inject vitality into the market, supporting the growth of residents' wealth and expanding domestic demand [1]