On the first anniversary of the A-share "924 rally," Wang Qing, Chairman and Chief Economist of Chongyang Investment, reflected that the significant policy pivot since "September 24" last year has effectively provided fundamental support for both the economy and capital markets. Combined with emerging achievements in new quality productive forces, these factors have contributed to the value revaluation of China's stock market.
The major policy shift implemented since last September has served as a crucial foundation for stabilizing the overall economic environment and capital market performance. Simultaneously, the rapid development and tangible results in new quality productive sectors have further enhanced market confidence and supported the ongoing revaluation process in Chinese equities.