资本市场不应止于高活跃度

Group 1 - A-shares have maintained a daily trading volume above 1.5 trillion yuan, indicating strong market resilience and active trading [1] - The trading volume has increased from 1 trillion yuan to a peak of 3 trillion yuan, reflecting a revaluation of Chinese assets [1] - The stamp duty on securities transactions has increased by 88.1% year-on-year in the first ten months of this year, correlating with the rise in trading volume [1] Group 2 - A series of supportive policies, including a moderately loose monetary policy and reduced reserve requirements, have contributed to the high activity in the A-share market [2] - The market is characterized by a coexistence of existing and new funds, with a shift towards high-performance, high-growth, and high-dividend stocks [2] - Concentration of funds in high-quality sectors is crucial for market stability, as it reflects the investment value of the market [2] Group 3 - The competition between medium-to-long-term and short-term funds in high-quality stocks highlights the market's industrial upgrade logic [3] - On November 26, 27 stocks had trading amounts exceeding 5 billion yuan, primarily in high-tech sectors like cloud computing and AI [3] - The consistent increase in trading volume suggests a positive outlook for future market performance [3]