The Shenzhen Stock Exchange is formulating plans around key areas to remove obstacles and bottlenecks for medium and long-term funds entering the market.

To thoroughly implement the spirit of the Third Plenary Session of the 20th CPC Central Committee and the requirements of the 2025 Government Work Report, and to implement the guiding opinions and implementation plans for promoting medium and long-term capital into the market, the Shenzhen Stock Exchange organized a medium and long-term capital investment strategy meeting in Beijing on April 11. Experts from various fields were invited to share their views on macroeconomics, international relations, investment strategies, and asset allocation.

More than 200 representatives from national ministries, central state-owned enterprises, insurance asset management companies, bank wealth management, trust companies, public funds, securities companies, and news media attended the meeting. The head of the Shenzhen Stock Exchange stated that the recent global stock market volatility has once again highlighted the role of medium and long-term capital as the "ballast" and "stabilizer" for maintaining the stable and healthy operation of the market. The CPC Central Committee and the State Council have attached great importance to the entry of medium and long-term capital into the market and have made clear deployments on this matter multiple times. With the implementation of relevant policies and systems, the capital market's support for medium and long-term capital has gradually transitioned from blueprint to practice. As a market organizer and frontline regulator, the Shenzhen Stock Exchange, under the unified leadership of the China Securities Regulatory Commission, has refined relevant work plans in light of new situations and requirements, focusing on key areas such as product supply, environmental optimization, and service integration to help remove obstacles for medium and long-term capital entering the market. This includes improving the supply of equity, bond, fund, and derivative products at the product end, optimizing mechanisms to enhance trading convenience at the institutional end, and building a service matrix through targeted measures at the service end. The Shenzhen Stock Exchange will continue to work with various entities to continuously optimize the promotion of medium and long-term capital into the market, illuminating the path of "value investment" with the light of "long-termism," and jointly driving the market towards stability and improvement.

The meeting focused on two themes: macro policies and investment practices, featuring keynote speeches and strategy sharing sessions. Experts from the government, academia, and market institutions engaged in discussions, actively addressing concerns in the process of medium and long-term capital investment.

The keynote speech session focused on policy issues of concern to medium and long-term capital. Experts in macroeconomic policy, the insurance industry, and international relations delivered speeches on three topics: the shift in economic work priorities, the characteristics and trends of insurance capital as "long-term money" entering the market, and the international situation and Sino-US relations, enhancing the understanding of macro policies among participating institutions.

The strategy sharing session focused on the trading practices of institutional investors. Experts from securities companies and fund companies shared insights on macroeconomics and investment strategies, asset selection and absolute return realization paths, and the application of ETFs in asset allocation, broadening the investment practices of medium and long-term capital participants.

Participating institutions unanimously stated that in the face of the current complex international situation and an increasingly uncertain market environment, they will remain confident, maintain composure, adhere to long-termism and professionalism, continuously improve professional investment research capabilities, strive to enhance reasonable returns for investors, and fully leverage the role of the market as a "stabilizer" and an "accelerator" for economic development, contributing to the stable and healthy development of the capital market.