According to Wande data, as of the press release on October 27, the disclosure rate of the A-share three-quarter report was about 41.76%. Judging from the current three-quarter report data, the characteristics of structural increases in medium- to long-term capital positions are outstanding: the number of new entrants and targets for increasing holdings of social security funds exceeds the target of reduced holdings; basic pension insurance funds have bucked the trend; corporate annuities in the transition period of long-term assessment and rectification have maintained a very low turnover rate, and overall holdings have stabilized; public funds have appeared on the list of the top ten tradable shareholders with a total of 1,590 individual shares, including 141 additional holdings and 22 new additions. What is more noteworthy is that currently, benefiting from the continued advancement of policy-side reforms, the Changqian market entry channel is accelerating its breakthrough into a single transaction model in the secondary market, extending to diversified paths such as fixed growth, strategic placement, public REITs, and pension products.

According to Wande data, as of the press release on October 27, the disclosure rate of the A-share three-quarter report was about 41.76%. Judging from the current three-quarter report data, the characteristics of structural increases in medium- to long-term capital positions are outstanding: the number of new entrants and targets for increasing holdings of social security funds exceeds the target of reduced holdings; basic pension insurance funds have bucked the trend; corporate annuities in the transition period of long-term assessment and rectification have maintained a very low turnover rate, and overall holdings have stabilized; public funds have appeared on the list of the top ten tradable shareholders with a total of 1,590 individual shares, including 141 additional holdings and 22 new additions. What is more noteworthy is that currently, benefiting from the continued advancement of policy-side reforms, the Changqian market entry channel is accelerating its breakthrough into a single transaction model in the secondary market, extending to diversified paths such as fixed growth, strategic placement, public REITs, and pension products.