重返4000点 A股“慢牛”人设立住

Group 1 - The A-share market has shown a significant improvement in both major indices and the quality of listed companies, establishing a clear "slow bull" pattern, which has enhanced investor confidence [1][2] - The market has shifted from a speculative environment focused on financing to one that emphasizes value and long-term investment, supported by reforms such as the registration system and normalized delisting mechanisms [1][2] - The overall quality of listed companies has improved due to stricter IPO regulations and enhanced ongoing supervision, leading to increased dividends and share buybacks [1][2] Group 2 - The daily trading volume has stabilized above 1.5 trillion yuan, indicating active market participation and reduced speculative behavior, which is a characteristic of the current "slow bull" market [2] - The influx of long-term capital, such as pension and insurance funds, has strengthened the market's stability, while foreign investment increasingly views A-shares as a key component of global asset allocation [2] - The return of the A-share index to 4000 points signifies not just a numerical rebound but also a transformation in market ecology and investment philosophy, affirming the reality of the "slow bull" market [3]