Luo Zhiheng of Yuekai Securities: Positive factors continue to accumulate, and the foundation for the steady development of the capital market is constantly being consolidated.

Luo Zhiheng, Vice President, Chief Economist, and Dean of the Research Institute at Yuekai Securities, noted in his latest view that the A-share market has recently seen increased volatility due to changes in the external environment, fluctuations in market risk appetite, and adjustments in some sectors that had previously risen sharply, which has affected investor confidence to some extent. However, judging from the macroeconomic fundamentals, the operating conditions of listed companies, and the capital market policy environment, positive factors in the current market operation are continuing to accumulate.