吴晓求：2026年资本市场向好的趋势不会有变化

Group 1 - The core theme of the "Sina Finance 2025 Annual Conference and the 18th Golden Unicorn Forum" is "The Start of the 14th Five-Year Plan, New Economic Voyage - Reshaping Growth Paradigms, Co-creating Future Prosperity" [1][3] - Wu Xiaoqiu, former Vice President of Renmin University of China and Director of the National Institute of Financial Research, emphasized that the positive trend of the capital market in 2026 is expected to continue [3][5] - The significant development of the Chinese capital market since September 24, 2024, is attributed to systematic reforms across asset, funding, and institutional aspects, with some reforms still ongoing [3][5] Group 2 - Wu highlighted the importance of these adjustments in enhancing market transparency, ensuring fair market rules, and restoring public confidence, which contributes to positive market expectations [3][5] - The structure of the Chinese economy is undergoing significant changes, making it difficult to explain certain phenomena using traditional economic theories, particularly regarding the development of high-tech enterprises [3][5] - The capital market is not only a barometer of the national economy but also a crucial driver of economic and industrial transformation, with its growth logic rooted in both reform and structural transformation [3][5]