Golden Finance reported that on July 22, the Economic Daily published an article saying that in recent days, market volatility has intensified, the technology sector has entered a stage of adjustment, and some investors have raised doubts about the market’s long-term outlook. In response to market fluctuations, the China Securities Regulatory Commission held multiple symposiums for two consecutive days to timely convey signals to stabilize expectations. On July 20, it mainly listened to investors’ opinions and suggestions; on July 21, it separately listened to the opinions and suggestions of listed companies, industry institutions, and experts and scholars. Looking back at previous key adjustment milestones in the A-share market, organizing symposiums has been an important measure for regulators to stabilize market expectations and defuse market risks. These multiple symposiums over the past two days have also demonstrated regulators’ firm determination to steady the market.
Regarding the reasons for this market pullback, the market generally believes it mainly stems from structural adjustments driven by external sentiment disruptions, rather than a reversal in economic fundamentals or industrial trends. The A-share market’s long-term positive outlook still has support.
From the policy environment, China’s economy is currently showing an overall stable trend and a development direction toward “new and better.” Since the release of the new “Nine National Provisions,” profound changes have taken place in the overall ecology of the capital market. The comprehensive reform effects of investment and financing continue to be released, the quality and investment value of listed companies have been effectively improved, and there is a solid foundation for maintaining stable market operations.
From the perspective of capital flows, various operating entities are stepping up their layout efforts in downturns with real money, launching a “combination punch” to steady the market. Through coordinated efforts from multiple parties, they are conveying confidence in the capital market’s development prospects with concrete actions. The recent cluster of share buybacks and share increases will better protect company value and the interests of all shareholders.
Compared with short-term market fluctuations, the solid operating performance of listed companies is an important criterion for measuring value and is also one of the answers to dissipate market concerns. Judging from profitability data, as of July 19, among 900 companies in the Shenzhen market that have disclosed earnings forecasts, calculated using the average of the upper and lower limits of net profit in the pre-disclosed figures, the total net profit is about 230.74B yuan, up 147% year over year.

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Economic Daily: Stable-market policy package boosts confidence in capital market development

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