Group 1 - The core achievement of the "14th Five-Year Plan" is the significant increase in long-term funds in the A-share market, with a total market value of approximately 21.4 trillion yuan, representing a 32% growth compared to the end of the "13th Five-Year Plan" [1] - Systematic reforms have accelerated the entry of long-term funds into the market, with a diverse composition of long-term funds including social security funds, pension funds, and insurance funds [2] - The establishment of a robust policy framework and reform of institutional assessment mechanisms have facilitated the transformation of long-term funds into long-term investments, enhancing their willingness to invest in equities and high-volatility assets [2][3] Group 2 - The continuous inflow of long-term funds has significantly improved market liquidity, stabilizing the A-share market's liquidity structure and ensuring efficient resource allocation [5] - Long-term funds are shifting the market's investment logic from short-term speculation to value investing, focusing on the long-term profitability and core competitiveness of companies [5] - The entry of long-term funds is fostering a virtuous cycle between the capital market and the real economy, providing essential capital for long-term corporate development and innovation [6]