《关于推动中长期资金入市工作的实施方案》点评：细化举措，入市再助推

Investment Rating - The industry investment rating is "Positive (Maintain)" [7] Core Insights - The report discusses the implementation of the "Implementation Plan for Promoting Long-term Funds to Enter the Market," which aims to guide various long-term funds, including commercial insurance funds, to increase their market participation [1][2] - The plan includes five major measures to enhance the entry of long-term funds into the market, focusing on increasing the stock allocation ratio and stability of large state-owned insurance companies and social security funds [2][3] - The report anticipates that four types of insurance guarantee funds will significantly increase their market entry, with potential incremental capital of 0.45 trillion, 0.81 trillion, and 1.07 trillion yuan under pessimistic, neutral, and optimistic scenarios, respectively [3] - The report emphasizes that public funds will play a crucial role in stabilizing the market, with the current equity fund ratio at approximately 22%, indicating substantial room for growth [5] - The introduction of innovative tools such as share buybacks and increased liquidity measures is expected to enhance market stability and investor confidence [5] Summary by Sections - Long-term Assessment of Insurance Funds: The plan encourages a long-term assessment mechanism for insurance funds, with a focus on aligning the interests of fund managers with regulatory policies to facilitate increased market entry [2] - Incremental Capital Estimates: The report provides estimates for the potential increase in market entry capital from insurance guarantee funds, highlighting the significant financial impact these funds could have on the market [3] - Public Fund Role and Innovations: The report outlines the importance of public funds in the equity market and discusses new financial instruments aimed at improving market liquidity and stability [5]