Since November, the “combo punch” of the policy to stabilize the market has continued to gain strength, and measures such as swapping and facilitating operations, stock repurchases, increasing refinancing, countercyclical adjustment of the two loans, and guiding active ETFs to speed up position opening have been promoted collaboratively. At the same time, the valuations of major broad-based indices in the A-share market fell back to a historically low range. The dividend ratio was outstanding compared to risk-free interest rates, and the pressure on chips eased somewhat. A number of institutions said that they are strengthening the countercyclical layout with the idea of putting more emphasis on profit quality and performance delivery, and seizing investment opportunities brought about by valuation restoration and fundamental improvements through balanced allocation.

Since November, the “combo punch” of the policy to stabilize the market has continued to gain strength, and measures such as swapping and facilitating operations, stock repurchases, increasing refinancing, countercyclical adjustment of the two loans, and guiding active ETFs to speed up position opening have been promoted collaboratively. At the same time, the valuations of major broad-based indices in the A-share market fell back to a historically low range. The dividend ratio was outstanding compared to risk-free interest rates, and the pressure on chips eased somewhat. A number of institutions said that they are strengthening the countercyclical layout with the idea of putting more emphasis on profit quality and performance delivery, and seizing investment opportunities brought about by valuation restoration and fundamental improvements through balanced allocation.