Zhang Jun from China Galaxy Securities: It is expected that there will be more policy support and institutional innovation to effectively enliven the capital market.

The Central Political Bureau meeting held on April 25 pointed out the need to maintain stability and vitality in the capital market. Chief economist and dean of the Research Institute of China Galaxy Securities, Zhang Jun, said that recent external factors have impacted global financial markets, leading to a significant increase in investor risk aversion. With the internal resilience of the Chinese economy and forward-looking policy responses, the A-share market has shown strong stability. The proposal to "maintain stability and vitality in the capital market" indicates that while stability is crucial, it is also necessary to further activate the market in the future. This reflects the overall goal of seeking progress amidst stability in the capital market.