资本市场的稳定发展离不开长期资金的注入。尹艳林表示，当前，国家鼓励保险资金、社保基金等参与 创业投资，为科技创新提供资金支持。科技创新需要长期资金来源，除国家创业投资引导基金外，也需 要社会资金投入，坚持"投早、投小、投硬科技"。 尹艳林认为，新质生产力加速培育壮大，将带动经济实现高质量发展，而经济向好又将进一步提升老百 姓的投资收益，从而形成良性发展循环。 同时，他也提醒广大投资者，要理性看待投资收益与风险的辩证关系。"承担一定的风险才会有相应的 收益。"尹艳林认为，"如果投资者看到经济发展前景可观，愿意承担适度风险并相信能获得合理回报， 那对于资本市场来说将是一个积极信号。"(记者 朱晓航) 截至2025年底，A股总市值超过120万亿元，投资者总数已接近2.5亿。如此庞大的股市规模，能否通 过"财富效应"有效提振消费？全国政协委员尹艳林在接受中国经济网《深谈》节目专访时回应，稳定股 市无疑会有利于增加居民财产性收入，更能增强市场信心，但他同时强调，"至于股市的财富效应有多 少能转化为消费或投资，关键在于转化过程。" 尹艳林引用国外消费理论指出，居民消费行为不取决于现期收入，而是取决于持久收入。增加持久收入 ...

Core Viewpoint - The "14th Five-Year Plan" outlines strategic opportunities and challenges for China's economic and social development, emphasizing high-quality growth and a focus on various key sectors [2][3]. Economic Opportunities - The plan identifies numerous new opportunities, including the development of a modern industrial system and the strengthening of the real economy, with specific mentions of sectors such as mining, metallurgy, chemicals, and advanced technologies [3]. - The goal is to achieve significant results in high-quality development, with economic growth maintained within a reasonable range and an increase in domestic consumption driving economic growth [2][3]. Economic Challenges - Challenges include unbalanced development, insufficient effective demand, and pressures on employment and income growth, which need to be addressed to convert challenges into opportunities [4]. - The plan sets a target for per capita GDP to reach the level of moderately developed countries by 2035, requiring an average annual GDP growth of approximately 4.17% from 2025 to 2035 [4]. Consumer Income and Spending - The plan aims to increase residents' income through various channels, including wage, operational, property, and transfer income, with a focus on enhancing the share of labor remuneration in national income distribution [7][11]. - There is an emphasis on improving the structure of income distribution to promote a more reasonable allocation of income among residents [7]. Investment and Consumption - The plan suggests that increasing government spending on social welfare and implementing direct consumer support policies will enhance residents' consumption capacity [8][11]. - The importance of stabilizing the stock market to increase residents' property income and subsequently boost consumption is highlighted [14]. Capital Market Development - The stability of the capital market is crucial for enhancing investor confidence and ensuring sustainable income growth, which in turn affects consumer behavior [14][15]. - Encouraging long-term funding sources for technological innovation is essential for fostering a robust capital market and supporting economic growth [15][18]. Technological Innovation and Global Competitiveness - The plan emphasizes the need for China to cultivate high-quality listed companies with international competitiveness, particularly in the technology sector, to participate in global competition [18]. - The focus is on creating a favorable investment environment for companies to grow and attract long-term capital into the market [18].