Securities Daily Front Page: Multiple funds work together to consolidate the good ecology of the capital market.

The article states that the current bullish trend in the A-share market cannot be separated from the concerted efforts of multiple sources of funds. In the long term, diversified funding cooperation will enhance the resilience of China's capital market and continue to consolidate its positive ecological environment. Firstly, the continued effectiveness of the Chinese version of the sovereign wealth fund is the cornerstone of the long-term healthy operation of the capital market. Secondly, medium and long-term funds steadily entering the market are expected to continue to play a stabilizing role. Thirdly, individual investor funds entering the market are expected to further boost market activity. Fourthly, active participation of foreign funds is expected to further boost market confidence. In summary, the coordinated efforts of diversified funds are the result of a combination of institutional innovation, policy support, economic transformation, and global capital restructuring. Currently, the logic behind the A-share market's rise, constructed by factors such as China's economic structural transformation and upgrading, declining risk-free rates of return, and institutional improvements, remains unchanged. It is hoped that the A-share market will gradually overcome the chronic problem of "bullish short, bearish long" and move towards a new stage of high-quality development characterized by internal stability, long-term returns, and global competitiveness.