Entering the fourth quarter, against the backdrop of continued policy enhancements and fundamental restoration, multiple incremental capital flows continued to flow in. On the one hand, medium- to long-term capital such as insurance funds and social security funds are entering the market at an accelerated pace, becoming a “ballast stone” for market stability; on the other hand, transactional capital such as securities financing continues to flow in. At the same time, foreign investment is opening up channels for additional allocations.

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