Group 1 - The core viewpoint emphasizes the importance of the Chinese capital market in enhancing national welfare and driving economic development through active participation and feedback loops with the real economy and technological innovation [1][2] - The concept of a "long bull market" in China is characterized as a "little rabbit-style" long bull, which involves gradual progress with phases of rapid increases and timely adjustments, aligning well with China's national conditions [1] - The Chinese capital market is not suited for a purely Western market model or short-selling mechanisms; instead, it has developed its own unique short-selling mechanisms through mergers, asset injections, refinancing, and IPOs to support socialist construction and the real economy [1] Group 2 - Investors are advised not to focus excessively on short-term market trends or the performance of others, as the current bull market may last for up to 20 years, highlighting the importance of understanding the intrinsic value of assets [2] - Two key factors driving the macro trend are identified: the era dividend and the guiding role of visible hands, which apply to both A-share and Hong Kong markets [2]