资本市场内在稳定性与长效机制研究

Group 1: Concept and Importance - The concept of "intrinsic stability" in capital markets has been emphasized in key government documents since early 2024, highlighting its significance for market development and high-quality growth[1] - Intrinsic stability refers to the market's ability to self-regulate and maintain smooth operations with minimal external intervention, characterized by price stability, functional stability, and stable quality of listed companies[2] Group 2: Historical Experience and Mechanisms - Previous experiences in building intrinsic stability focused on optimizing foundational systems, regulatory reforms, short-term liquidity support, long-term capital inflow, and financial innovation[3] - The report proposes a long-term mechanism for intrinsic stability based on "1 cornerstone + 5 pillars," outlining six key areas for development[4] Group 3: Risk Factors - Potential risks include unexpected external shocks and policy implementation falling short of expectations, which could impact market stability[5]