Securities Daily Front Page Commentary: The More Difficulties, The More Forward We Go, China's Capital Market Advances Bravely

The article points out that in promoting the path of the capital market to forge ahead, facing storms is a state, while being undeterred by storms is a mindset. The statements from the regulatory authorities will undoubtedly boost investor confidence, stimulate market vitality, and help the market maintain stability and long-term growth. In response to external challenges, China has both confidence and strength. More importantly, against the backdrop of an increasingly clear narrative in technology, Chinese assets are ushering in a new round of value reassessment, with many foreign financial institutions actively allocating Chinese assets. In fact, the valuation level of the A-share market is still considered relatively low by the industry. The price-to-earnings ratio of the CSI 300 is only 12.3, and the price-to-earnings ratios of major domestic market indices are significantly lower than those of global major indices like the S&P 500. In an environment where global markets face an increasing number of instability factors, the allocation value and attractiveness of Chinese assets continue to rise