On October 19, Chairman Wu Qing of the Securities Regulatory Commission delivered a speech at the opening ceremony of the 2026 Financial Street Forum. Systematic arrangements were made around market stabilization mechanisms, medium- and long-term capital entry, inclusive reforms, etc., and proposed various measures to further improve the long-term assessment mechanism adapted to long-term investment. Seven brokerage chief economists or strategy analysts, including CITIC Securities Bao Chengchao, CICC Li Qiusuo, Shenwan Hongyuan Wang Sheng, Southwest Securities Ye Fan, Wanlian Securities Long Hongliang, and Zhongyuan Securities Deng Shubin, agreed in an interview with the Securities Times that the speech sent a positive signal of stabilizing the market, increasing money, and promoting reform. The internal stability of the capital market is expected to be further strengthened. The internal stability of the capital market is expected to be further strengthened. The entry of medium- to long-term capital into the market is moving from “heavy financing” to “heavy return.” The foundation of the view continues to be consolidated, and the value of China's asset allocation has been further highlighted. A The medium-term positive stock logic has not changed.

On October 19, Chairman Wu Qing of the Securities Regulatory Commission delivered a speech at the opening ceremony of the 2026 Financial Street Forum. Systematic arrangements were made around market stabilization mechanisms, medium- and long-term capital entry, inclusive reforms, etc., and proposed various measures to further improve the long-term assessment mechanism adapted to long-term investment. Seven brokerage chief economists or strategy analysts, including CITIC Securities Bao Chengchao, CICC Li Qiusuo, Shenwan Hongyuan Wang Sheng, Southwest Securities Ye Fan, Wanlian Securities Long Hongliang, and Zhongyuan Securities Deng Shubin, agreed in an interview with the Securities Times that the speech sent a positive signal of stabilizing the market, increasing money, and promoting reform. The internal stability of the capital market is expected to be further strengthened. The internal stability of the capital market is expected to be further strengthened. The entry of medium- to long-term capital into the market is moving from “heavy financing” to “heavy return.” The foundation of the view continues to be consolidated, and the value of China's asset allocation has been further highlighted. A The medium-term positive stock logic has not changed.