Group 1 - The core viewpoint emphasizes the importance of enhancing the attractiveness and inclusiveness of the domestic capital market to support its stable and positive development [1][3] - The investment and financing functions of the capital market are interdependent, and the healthy development of the market relies on their coordination [1][5] - Recent policies aim to improve market stability, enhance the quality and investment value of listed companies, and protect investors' rights [2][4] Group 2 - The capital market has shown resilience against external shocks, with a series of measures taken to stabilize and invigorate the market [3][4] - There is a growing interest from foreign investors, with a net increase of $10.1 billion in domestic stocks and funds in the first half of the year, indicating a rising willingness to allocate capital to Chinese assets [3] - The ongoing reforms in the capital market are aimed at addressing existing issues related to attractiveness and inclusiveness, particularly in supporting technological innovation and industry upgrades [5][6] Group 3 - The China Securities Regulatory Commission (CSRC) is focused on further deepening reforms to enhance the capital market's attractiveness and inclusiveness, while also ensuring market stability [7] - Key reforms include promoting long-term capital inflow, improving the quality of listed companies, and enhancing investor returns through dividends and buybacks [6][7] - The CSRC plans to implement a series of measures to support the development of the Sci-Tech Innovation Board and the Growth Enterprise Market, aiming to attract more innovative companies [6][7]

值得注意的是，本次会议未强调国际经贸环境带来的挑战。"未来90天内，中美双边关税水平有望保持 稳定，外部经贸环境不确定性下降。不过，本次会议仍强调，下半年要稳住外贸外资基本盘。帮助受冲 击较大的外贸企业，强化融资支持，促进内外贸一体化发展。"王青表示，这意味着下半年我国出口可 能面临一定下行压力，宏观政策将对遇到困难的出口企业给予定向支持。 宏观政策"持续发力" 预留加码空间 从会议对宏观政策的定调来看，下半年宏观政策仍将保持稳增长取向。会议指出"宏观政策要持续发 力、适时加力""要落实落细更加积极的财政政策和适度宽松的货币政策"等。 据新华社消息，2025年7月30日，中共中央政治局召开会议，决定于10月召开二十届四中全会，重点研 究"十五五"规划建议，并系统部署下半年经济工作。 业内人士认为，此次会议既是对当前经济形势的精准把脉，也是对未来5年现代化建设路径的战略谋 划，释放出"稳中求进、以进促稳"的鲜明政策信号，为资本市场、实体经济及社会民生注入了确定性预 期。 经济形势"稳中有进" 会议对当前经济形势的表述较为积极，提到今年以来"我国经济运行稳中有进，高质量发展取得新成 效""我国经济展现强大活力和韧 ...