The financing balance is approaching the 2 trillion yuan mark, and there is a continuous warmth on the fund side.

Wind data shows that as of July 29th, the balance of margin financing in A-shares reached 1.97 trillion yuan, hitting a new high since July 3, 2015. At the same time, since July 21st, the proportion of daily margin financing buy-in amount to A-share trading volume has exceeded 10% for seven consecutive trading days. In fact, not only leveraged funds, but institutional funds have also released positive signals. Respondents pointed out to 21st Century Business Herald reporters that the capital market of A shares has shown diverse positive changes recently. On one hand, since June and July, market turnover has continued to increase, passive products have been continuously launched, and the issuance of active equity funds has also been growing; at the same time, at the industry capital level, the scale of reductions has decreased by about 40% compared to the previous month, and the market's pressure from reductions has significantly eased. On the other hand, the Ministry of Finance has introduced a series of long-term evaluation measures for insurance funds, which are expected to strengthen the stability of insurance funds' equity asset allocation and further accelerate the pace of insurance funds entering the market. Looking ahead, some institutional experts point out that core indexes are expected to challenge their yearly highs, but the process may not be smooth sailing. In the short term, it is necessary to closely monitor the speed of policy implementation, the actual verification of economic data, and changes in the external environment.