【金麒麟】贺强：股市长期走好 需帮助上市公司不断提高质量

Core Viewpoint - The central theme of the "2025 Sina Finance Annual Conference and the 18th Golden Unicorn Forum" is focused on the new economic growth paradigm during the "14th Five-Year Plan" period, emphasizing the need to reshape growth models for future prosperity [1] Group 1: Market Conditions - From 2026 onwards, the issue of capital entering the stock market will no longer be a primary concern, indicating a shift in focus for market participants [1] - The emphasis should be on improving the quality and performance of listed companies to ensure the long-term health of the stock market [1] Group 2: Company Performance - A significant risk arises when stock prices rise while company performance declines, leading to a widening gap between price-to-earnings ratios and actual company performance [1] - When stock prices and company performance move in tandem, the price-to-earnings ratio remains reasonable, reducing investment risks and encouraging investor confidence [1]