The Huatai Securities Research Report pointed out that reducing the pressure on transactional capital is beginning to bear fruit, but incremental capital is still on the sidelines, and joint efforts have yet to be made to fix the market's capital. The recent market contraction has mainly been accompanied by a contraction in exposure to some transactional domestic capital. Financing activity has declined to a low level, compounded by a decline in the sensitivity of private equity to the technology sector, and early chips have been digested. However, the stabilization of leveraged capital has yet to be converted into a continuous net inflow, and ETF undertakings are also mainly based on structural rotation. The improvement in capital is more reflected in easing pressure. Furthermore, pressure on the demand side of capital has increased. Looking back, the pressure on the market to lift the ban in early October may have increased.

The Huatai Securities Research Report pointed out that reducing the pressure on transactional capital is beginning to bear fruit, but incremental capital is still on the sidelines, and joint efforts have yet to be made to fix the market's capital. The recent market contraction has mainly been accompanied by a contraction in exposure to some transactional domestic capital. Financing activity has declined to a low level, compounded by a decline in the sensitivity of private equity to the technology sector, and early chips have been digested. However, the stabilization of leveraged capital has yet to be converted into a continuous net inflow, and ETF undertakings are also mainly based on structural rotation. The improvement in capital is more reflected in easing pressure. Furthermore, pressure on the demand side of capital has increased. Looking back, the pressure on the market to lift the ban in early October may have increased.