Essence of brokerage morning meeting | Promote the entry of medium and long-term funds into the market to enhance the inherent stability of the capital market, and market activity is expected to rise again.

Yesterday, the market fluctuated and adjusted, with the Shanghai Composite Index leading the decline, and the BSE 50 index falling by more than 4%. The total turnover of the Shanghai and Shenzhen stock markets was 1.14 trillion yuan for the whole day, a decrease of 69.4 billion yuan from the previous trading day. On the market, the hotspots were concentrated in the AI hardware sector, while the rest of the stocks fell, with over 4200 stocks in the entire market declining. In terms of sectors, the precious metals, copper cable high-speed connections, liquid-cooled servers, and CPO sectors led the gains, while the small red book concept, real estate, tourism, and retail sectors led the declines. By the end of yesterday's trading, the Shanghai Composite Index fell by 0.89%, the Shenzhen Component Index fell by 0.77%, and the ChiNext Index fell by 0.54%. At today's securities morning meeting, GF SEC pointed out that promoting the entry of medium and long-term funds into the market to enhance the inherent stability of the capital market, market activity is expected to pick up again; CITIC SEC believes that the entry of medium and long-term funds into the market may further accelerate in the future; Galaxy Securities stated that the Spring Festival box office is expected to become a turning point for the big screen of movies. GF SEC: Promote the entry of medium and long-term funds into the market to enhance the inherent stability of the capital market, and the market activity is expected to pick up again. GF SEC pointed out that on January 22, following the approval of the Central Financial Committee, the joint issuance of the "Implementation Plan for Promoting the Entry of Medium and Long-term Funds into the Market" by the Central Financial Office, the China Securities Regulatory Commission, the Ministry of Finance, the Ministry of Human Resources and Social Security, the People's Bank of China, and the Financial Supervision Bureau. Adhering to the goal and problem orientation, strengthening top-level design, focusing on the present while focusing on the long-term, and focusing on guiding commercial insurance, social security funds, basic pension insurance, enterprise (job) annuities, public funds, etc., to further increase their market entry efforts. Promoting the entry of medium and long-term funds into the market will enhance the inherent stability of the capital market. The entry of medium and long-term funds is conducive to optimizing investor structure, guiding the establishment of a value investment and long-term investment philosophy, reducing market volatility and speculation, thereby boosting investor confidence and better playing the role of market resource allocation. The policy aims to enhance the stability of the capital market, sufficient stability policies, a short-term policy window, market activity is somewhat volatile, as external uncertainties and internal responses gradually land, incremental funds relay, and market activity is expected to pick up again. CITIC SEC: The subsequent entry of medium and long-term funds into the market may accelerate further. CITIC SEC pointed out that the "Implementation Plan for Promoting the Entry of Medium and Long-term Funds into the Market" has officially landed, making specific arrangements for various medium and long-term funds entering the market, involving commercial insurance funds, pension funds, corporate annuities, public funds, etc. CITIC SEC believes that the subsequent entry of medium and long-term funds into the market may accelerate further, enhancing the inherent stability of the capital market. Galaxy Securities: The Spring Festival box office is expected to become a turning point for the reversal of the movie market. Galaxy Securities stated that since 2024, the effects of movie market schedules and Matthew effects have become more apparent, with a weak supply side leading to a decline in the overall market performance. From the current performance of the Spring Festival box office presale, the audience still has a high acceptance and willingness to watch high-quality films, and the Spring Festival box office is expected to become a turning point for the reversal of the movie market. Pay attention to the subsequent performance of the Spring Festival box office. This article is reproduced from "Cai Lianshe", GMTEight Editor: Xu Wenqiang.