股市：四个字的出现，意义很大

Group 1 - The core message of the recent high-level meeting emphasizes "domestic demand as the main driver," indicating potential government investment and increased consumer spending [2] - The "14th Five-Year Plan" draft suggests a significant increase in the household consumption rate, with domestic demand playing a crucial role in economic growth [2] - The stability of the stock market is seen as essential for boosting consumer confidence and spending, with ongoing regulatory support for the market [2] Group 2 - The National Financial Regulatory Administration has lowered the risk factors for insurance companies investing in certain stock indices, indicating a push for long-term capital inflow into the stock market [2] - The adjustment of risk factors for indices like the CSI 300 and the CSI 100 Low Volatility Index reflects a focus on these indices as stable investment options [2] - The CSI 500 Index is highlighted as an upgraded version of the CSI 300, offering better representation of high-growth sectors and potential for excess returns [4] Group 3 - The current bull market is characterized as a "technology bull" or a "China influence enhancement bull," driven by fundamental improvements and the shift of household asset allocation towards equities [5] - The shift in household asset allocation is expected to resonate with economic, policy, and industrial cycles, driving the bull market [6] - The CSI 500 Index is positioned as a better representative of the Chinese stock market, reflecting high-quality development and the increasing weight of the stock market in the economy [6]