Group 1 - The current market has formed a dual circulation mechanism of sentiment and liquidity, indicating a weaker direct correlation between short-term market trends and economic fundamentals, with more emphasis on upward expectations and capital flow [2] - As investors observe market increases due to capital inflow, they tend to participate actively, leading to a broader trend of reallocating household savings to the capital market [4] - The capital market's development pace must align with long-term strategies, especially during the real estate market adjustment period, to avoid excessive short-term growth that could hinder future potential [4] Group 2 - The strategic development of the capital market is crucial for mitigating debt risks, stimulating effective demand, and enhancing asset valuations in the short term, while also positioning the country favorably in global competition for high-quality economic development in the long term [5] - China's industrial capacity is projected to account for 35% of global capacity by 2024, necessitating the expansion into overseas markets due to insufficient domestic consumption [7] - The need for innovation in original fields is critical for maintaining global competitive advantages, improving living standards, and creating employment opportunities, with the capital market playing a vital role in providing financing channels and fostering a virtuous cycle of innovation and development [7]

Group 1 - The 2025 Lujiazui Forum is themed "Financial Opening and Cooperation in the Global Economic Changes and High-Quality Development" and aims to discuss financial reform and international cooperation among over 70 financial professionals from more than 10 countries and regions [3][8] - Keynote speeches will be delivered by prominent figures including the Governor of the People's Bank of China, Pan Gongsheng, and other leaders from financial regulatory bodies [1][3] - The forum will address eight major topics, including enhancing global monetary policy coordination, promoting sustainable capital market development, and improving green finance policies and standards [8][12] Group 2 - During the forum, significant financial policies are expected to be announced by central financial management departments, continuing a tradition of using the forum as a platform for major policy releases [10][9] - The Shanghai-Hong Kong International Financial Center Collaborative Development Action Plan will be signed, emphasizing the importance of collaboration between the two financial hubs to enhance national competitiveness [12][11] - Discussions will focus on how to leverage the financial advantages of both Shanghai and Hong Kong, including financial product innovation and cross-border regulatory cooperation [12][11]