投资端改革持续推进，核心资产表现有助于整体信心的恢复

Group 1 - The report emphasizes the importance of investor-centric reforms in the capital market, highlighting the need to protect investor rights and enhance market fairness and transparency [21][34][37] - Recent regulatory policies focus on improving the quality of listed companies and ensuring a stable market environment, which is crucial for restoring investor confidence [30][54][70] - The introduction of the China Securities A50 Index is seen as a potential new benchmark for core assets in the A-share market, with improved industry distribution and liquidity [8][78] Group 2 - The report outlines a systematic approach to investment-side reforms, which includes enhancing investor education and promoting rational investment philosophies among market participants [34][58] - Institutional investors are encouraged to adopt a long-term investment strategy and demonstrate professionalism, which is essential for stabilizing the market [32][53] - The performance of core assets in the secondary market is identified as a key factor in restoring overall market confidence, with effective expectation management being critical [13][65][62] Group 3 - The report discusses the need for stricter regulations on initial public offerings (IPOs) and the importance of maintaining a robust exit mechanism for underperforming companies [56][71] - It highlights the increasing interest of foreign investors in the Chinese stock market, necessitating the establishment of a value assessment system that aligns with long-term investment principles [33][53] - The report notes that the regulatory environment is becoming more stringent, with a significant increase in penalties for violations, which aims to purify the market ecosystem [54][76]