Chairman of Shenwan Hongyuan Securities: By 2026, the position and role of the capital market in the financial system will be further enhanced.

Liu Jian, Secretary of the Party Committee and Chairman of Shenwanhongyuan, stated that in 2026, as the beginning year of the "14th Five-Year Plan", China's economy and capital market will enter a new stage of high-quality development. The capital market, as an important market for resource allocation in the financial system, will further enhance its position and role. "Under the guidance of vigorously developing direct financing, the capital market is expected to further improve in quality and expand in size. At the same time, the reform of the basic institutional framework of the capital market will significantly improve market inclusiveness and adaptability. From the perspective of the market value structure of listed companies, the ability of the A-share market to attract high-quality assets has significantly improved in recent years," Liu Jian further pointed out.