Headline of Securities Times: "The 15th Five-Year Plan" Outline First Mentioned "Patient Capital" and Multiple Measures to Optimize the Investment Side Ecosystem.

The front-page article of the Securities Times pointed out that the "15th Five-Year Plan" outlines for the first time the concept of "patient capital", and deploys the work of the capital market in sections such as "increasing the property income of urban and rural residents" and "boosting consumption". Different from the focus on financing functions in the "14th Five-Year Plan", the "15th Five-Year Plan" proposes to "improve the coordinated function of investment and financing in the capital market". In the view of industry insiders, during the "15th Five-Year Plan" period, the Chinese capital market is entering a new stage of coordinated development of investment and financing functions. Through measures such as systematically introducing long-term money into the market, strengthening investor protection, and enriching product supply, the capital market ecosystem is expected to continue to optimize, investor confidence will continuously improve, thereby driving domestic demand, serving technological innovation development, and supporting the construction of a financial powerhouse.