Group 1 - The core viewpoint emphasizes the importance of utilizing various financial tools to maintain stability in the capital market, highlighting the positive momentum in A-shares and the overall market recovery [1][2] - The domestic economy is showing steady progress, with key indicators performing better than expected, contributing to a solid foundation for the capital market [2][3] - The focus on capital market development by regulatory bodies is crucial for ensuring stable operations, with coordinated policies being implemented to support this goal [3] Group 2 - The stock market is experiencing a valuation recovery, with both domestic and foreign capital inflows increasing, which enhances the market's overall safety margin [3] - The continuous inflow of medium to long-term funds is optimizing the market's funding structure and promoting rational investment behavior [3][4] - The expectation is that the capital market will continue to develop positively, providing stronger financial support for high-quality economic growth [4]

Core Viewpoint - The Chinese Securities Regulatory Commission emphasizes the importance of maintaining a stable and active capital market, highlighting a series of measures to support market stability and enhance market functions [1][2]. Group 1: Market Stability and Confidence - The stability of the stock market is crucial for the overall economy and the interests of millions of investors, with a positive trend in China's economic recovery [2]. - Confidence in market stability is derived from four main aspects: strong leadership from the central government, the implementation of a comprehensive policy system, a clearer narrative in the A-share market, and relatively low valuation levels in the A-share market [2]. Group 2: Supporting Market Recovery - Measures to consolidate market recovery include enhancing market monitoring, developing response plans for external risks, and supporting the Central Huijin Investment Ltd. to act as a stabilizing fund [3]. - Upcoming policies will focus on deepening reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, improving investor protection, and promoting the issuance of technology innovation bonds [3]. Group 3: Development of Public Funds - The action plan for promoting high-quality development of public funds aims to create a virtuous cycle of increased returns, capital inflow, and market stability [4]. - Key reforms include aligning investor interests with fund performance, enhancing the stability of fund investment behaviors, and improving investor service capabilities [4][5]. Group 4: Addressing External Trade Impacts - The U.S. tariffs have significantly impacted global trade, affecting listed companies in China, which are expected to demonstrate resilience [6]. - The regulatory body plans to enhance support for companies affected by tariffs, including increased regulatory flexibility in areas like equity pledges and refinancing [7]. Group 5: Promoting Capital Market Openness - The regulatory commission is committed to advancing high-level openness in the capital market, with a focus on expanding institutional access and enriching product offerings for foreign investors [7][8]. - Efforts include improving the efficiency of overseas listing registrations and enhancing cross-border regulatory cooperation to protect the interests of companies in foreign markets [8].