A-shares experienced significant adjustments in October. Li Xunlei, chief economist of China and Thailand International, said in an interview with the China Securities News and China Securities Taurus reporter a few days ago that early market adjustments were more of a correction in valuation and risk appetite. Externally, the Federal Reserve restarted interest rate hikes in September, and the valuations of US technology stocks were under pressure, and the return on the huge AI investment was questioned; internally, the technology sector had large gains in the early stages, and transactions were crowded, and some leveraged funds were passively cleared, amplifying the fluctuations. According to Li Xunlei, fluctuations in the stock market are affected not only by internal and external macroeconomic factors, but also by the market's own “pendulum effect,” so measuring the effectiveness of capital market reforms cannot be measured by the short-term rise and fall of the market. Only when the market is adjusted can we see whether the market structure is healthier and whether the stabilization mechanism is more effective. This round of adjustments just confirms that the results of capital market reforms are continuing to show.

A-shares experienced significant adjustments in October. Li Xunlei, chief economist of China and Thailand International, said in an interview with the China Securities News and China Securities Taurus reporter a few days ago that early market adjustments were more of a correction in valuation and risk appetite. Externally, the Federal Reserve restarted interest rate hikes in September, and the valuations of US technology stocks were under pressure, and the return on the huge AI investment was questioned; internally, the technology sector had large gains in the early stages, and transactions were crowded, and some leveraged funds were passively cleared, amplifying the fluctuations. According to Li Xunlei, fluctuations in the stock market are affected not only by internal and external macroeconomic factors, but also by the market's own “pendulum effect,” so measuring the effectiveness of capital market reforms cannot be measured by the short-term rise and fall of the market. Only when the market is adjusted can we see whether the market structure is healthier and whether the stabilization mechanism is more effective. This round of adjustments just confirms that the results of capital market reforms are continuing to show.