Wu Qing: In the past five years, the scale of stock investments in the fund industry has grown by 41% to reach 13.4 trillion yuan, and the proportion of A-share market capitalization held is 13.7%.

The China Securities Regulatory Commission (CSRC) released Wu Qing's speech at the Fourth Member Representative Conference of the China Securities Investment Fund Industry Association. Wu Qing pointed out that in the past five years, the stock investment scale of the fund industry has grown by 41% to reach 13.4 trillion yuan, with the proportion of A-share market value held reaching 13.7%. Rational investment, value investment, and long-term investment have become widely accepted. At the same time, the fund industry has become an important partner for long-term funds such as social security, insurance, and pensions, and an important entrusted institution for equity investment. It has played a very key role in optimizing the market structure of investors, expanding channels for long-term funds to enter the market, increasing market liquidity, and reducing market irrational fluctuations.