On October 19, the annual Financial Street Forum was officially opened. Chairman Wu Qing of the Securities Regulatory Commission brought the latest regulations to the opening ceremony. Cheng Qiang, director and chief economist of the Debon Securities Research Institute, believes that the supervisory authorities face up to multiple imported risk challenges, emphasize preparing risk assessment and policy tools, and clearly rely on fundamental support from listed companies on the basis of improving basic market systems and improving regulatory systems to increase shareholder returns and enhance overall market investment value by encouraging dividends and repurchases to increase holdings. Cheng Qiang believes that in addition to the policy tone, the market is also concerned about active ETFs and incremental capital. On the one hand, fund managers can independently select stocks, make flexible adjustments, and have the opportunity to make excess profits. On the other hand, it retains the advantages of ETFs, with timely disclosure of positions, convenient transactions, and lower fees. For fund companies, the key to competition has shifted from rates and channels to real investment and research capabilities. For investors, the first batch of products is mainly based on a prudent strategy and is more suitable as a long-term bottom position. Cheng Qiang stressed that the idea of recent supervision mainly points to several blockages in “long-term money and long-term investment.” By improving assessment mechanisms, return mechanisms, and product supply, residents' financial management needs and institutional long-term allocation requirements have all been more appropriate carriers. Looking ahead to the future market, Cheng Qiang believes that cross-border connectivity is still expanding, convenience for qualified overseas investors continues to improve, and the simultaneous integration of RMB stock counters and REITs into the Shanghai, Shenzhen, and Hong Kong Stock Connect may gradually reflect an increase in the share of overseas holdings in the next few quarters.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.