Intrinsic Stability of Capital Markets Strengthens Further; Medium-to-Long-Term Outlook for A-Shares Remains Positive

On October 19, CSRC Chairman Wu Qing delivered a keynote address at the opening ceremony of the 2026 Financial Street Forum Annual Meeting, outlining systematic measures on market stability mechanisms, entry of medium-to-long-term funds, and inclusive reforms. He also proposed key initiatives including further improving long-cycle assessment mechanisms tailored for long-term investment. Seven chief economists or strategy analysts from securities firms—Chen Chao from CITIC Securities, Liu Chenming from Guangfa Securities, Li Qiuxue from CICC, Wang Sheng from Shenwan Hongyuan, Ye Fan from Southwest Securities, Long Hongliang from Wanlian Securities, and Deng Shubin from Zhongyuan Securities—unanimously stated in interviews with the Securities Times reporter that the speech signals a positive push for market stability, attracting long-term capital, and promoting reforms. The intrinsic stability of capital markets is expected to strengthen further, medium-to-long-term fund entry is transitioning from mechanism building to product implementation, the micro-foundations for listed companies shifting from 'focus on financing' to 'focus on returns' continue to solidify, China's asset allocation value becomes more prominent, and the medium-to-long-term positive logic for A-shares remains unchanged. (Securities Times)