中央经济工作会议部署2026 杨德龙：为资本市场延续慢牛、长牛格局奠定基础

Group 1 - The central economic work conference emphasizes the need for a stable yet progressive economic policy for 2026, focusing on enhancing macroeconomic governance and implementing a more proactive fiscal policy [1] - The conference highlights the importance of maintaining a moderately loose monetary policy to support stable economic growth and reasonable price recovery, while ensuring liquidity remains ample [1] - The policies discussed are expected to provide strong support for economic growth in 2026 and lay the foundation for a sustained bull market in the capital market [1] Group 2 - The analysis indicates that the 2026 economic work plan is crucial for China's future development, with the A-share market expected to maintain a slow bull trend due to structural shifts in household savings towards capital markets and supportive policies [2] - The capital market's steady performance is anticipated to enhance household wealth, thereby boosting consumption capacity and improving consumer expectations, which will contribute to expanding domestic demand [2] - A thriving capital market will provide essential financing channels for technology innovation enterprises, supporting their growth and enhancing the overall vitality of China's innovation system [2] Group 3 - Looking ahead to 2026, the economic environment is expected to stabilize with clear policy directions, deepened structural adjustments, and enhanced innovation momentum, providing a solid foundation for economic recovery [3] - As economic indicators are projected to improve, the capital market's operating environment is expected to become more stable, allowing investors to achieve steady returns through quality stock or fund allocations [3] - Maintaining rationality and patience while cautiously positioning in structural opportunities will be key strategies for investors entering the 2026 market [3]