吴清：入市长钱明显多了

Core Viewpoint - Long-term funds are increasingly entering the capital market, acting as a stabilizer and ballast for healthy market operation [2] Group 1: Long-term Funds and Market Stability - The People's Bank of China has guided securities and fund companies to conduct two batches of swap operations, exceeding 100 billion yuan [2] - Over 400 listed companies have publicly disclosed stock repurchase and increase information, with a loan limit of nearly 80 billion yuan [2] - The Financial Regulatory Bureau has initiated a second batch of pilot projects for long-term stock investments by insurance funds, with approvals of 52 billion yuan and 60 billion yuan recently [2] Group 2: Growth of Equity Funds - The development of equity funds has accelerated, with 459 equity funds registered from September last year to now, accounting for 70% of total registered fund products [3] - The scale of equity funds has increased from 6.3 trillion yuan to 7.7 trillion yuan, raising their proportion of total public fund scale from 20% to 24% [3] - A phased reduction in comprehensive fund fees is being promoted, expected to save investors over 45 billion yuan annually [3] Group 3: Market Capitalization and Net Inflows - The market capitalization of A-shares held by various long-term funds has grown from 14.6 trillion yuan to 17.8 trillion yuan, an increase of 22% [4] - From September last year to now, insurance funds and various pension funds have net bought approximately 290 billion yuan in the A-share market, significantly supporting market stabilization [5]