今日，中信证券2026年资本市场年会在深圳召开。中信证券总经理邹迎光在致辞中表示，去年资本市场 年会，选定的主题叫"站上起跑线"，过去一年来，中国资本市场进入全新阶段，焕发生机活力。此次资 本市场年会，选定的主题叫"奋进新征程"。他表示，"十五五"时期中国资本市场面临的全球背景、科技 趋势、制度环境将呈现新的特征，在新征程上奋进前行。首先，从全球背景看，百年变局加速演进，全 球产业与金融格局深刻重构，有望带来外部破局的新契机。其次，从科技趋势看，更多中国产业迎来关 键突破，中国经济新旧动能转换成效显著，有望带来资本市场的新机遇。最后，从制度环境看，中国资 本市场制度包容性和适应性的提升，以及投资和融资功能的协调，有望带来市场生态的新气象。 ...

Group 1 - The core viewpoint is that during the "14th Five-Year Plan" period, the reform and opening-up of China's capital market will focus on building a modern financial system that supports high-quality economic development and technological innovation [2] - Experts discussed the need to reconstruct the capital market's ecological chain, including promoting more technology-driven companies to go public and easing restrictions on large capital entering the market [2] - The current bull market in China's capital market is expected to continue, but there are still deep-seated issues that need to be addressed for sustainable growth [2][3] Group 2 - The bull market during the "14th Five-Year Plan" is seen as a potential amplifier for consumption, an accelerator for private investment, a connector for industrial upgrades, a reservoir for household wealth, and a supporter of social security improvements [2] - The fundamental conditions for a long-term bull market include the economic growth driven by technological revolutions, particularly artificial intelligence, which is expected to significantly impact various industries and lifestyles [3] - Suggestions to increase market liquidity include expanding the investment scale of social security funds and insurance funds in stocks, considering the expansion of bank wealth management subsidiaries' stock investments, and attracting foreign capital into the Chinese stock market [3]