Core Insights - The Central Political Bureau of the Communist Party of China held a meeting on July 30 to analyze the current economic situation and outline economic work for the second half of the year [1] - Liu Xiaoning, Assistant General Manager and Director of the Research Institute at Huayuan Securities, indicated that the meeting sets the tone for economic work in the second half of the year, emphasizing continued fiscal and monetary easing [1] - The expectation is that China will achieve a GDP growth target of around 5% by 2025, which supports a stable and positive development of the stock market [1] Economic Policy and Market Impact - Since September 2024, economic recovery has been observed, driven by incremental policy measures, leading to a steady rise in the stock market [1] - The meeting highlighted the importance of enhancing the attractiveness and inclusiveness of the domestic capital market, which is expected to further boost investor confidence and promote a stable upward trend in the stock market [1] - The focus on macroeconomic policies and their timely reinforcement is aimed at sustaining economic growth and supporting the capital market's development [1]

Core Viewpoint - The Central Political Bureau of the Communist Party of China held a meeting on July 30 to analyze the current economic situation and plan for economic work in the second half of the year, emphasizing the importance of macroeconomic policies and the upcoming Fourth Plenary Session of the 20th Central Committee in October to outline the 15th Five-Year Plan [1] Economic Growth - China's GDP growth rate for the first half of the year was 5.3%, positioning it as a leader among major economies, with an expectation to achieve a GDP growth target of around 5% by 2025 [1] Capital Market - The meeting highlighted the need to enhance the attractiveness and inclusiveness of the domestic capital market, aiming to consolidate the positive momentum in the capital market, which is expected to boost investor confidence and support a stable upward trend in the stock market [1]