连平：2026年中国股票市场有望持续稳健发展

Group 1 - The core viewpoint is that the Chinese capital market is expected to experience steady growth, particularly in the stock market, driven by advancements in high-tech industries and new productive forces [1][2] - The stock market is projected to recover steadily in 2025, with this trend continuing into 2026, supported by significant policy changes in September 2024 [1] - A surge of high-tech industry listed companies is anticipated to lead the market's positive momentum, alongside unprecedented policy support for the capital market [1] Group 2 - The Chinese real estate market has undergone a significant transformation, making it unlikely to return to previous levels of exuberance, which will result in a gradual outflow of funds from the sector [2] - The central bank's functions have expanded to cover the stock market, implementing various direct and indirect policy tools aimed at supporting it [2] - Multiple positive factors are expected to contribute to a favorable operating environment for the capital market, particularly the stock market, in 2026 and beyond [2]