Recently, the State Council issued “Certain Opinions on Strengthening Supervision and Risk Prevention and Promoting High-Quality Development of the Capital Market”, which proposes to vigorously promote the entry of medium- and long-term capital into the market and continue to expand long-term investment strength. Accelerating the construction of a safe, standardized, transparent, open, dynamic, and resilient capital market is inseparable from the “source of activity” of long-term capital. The new “National Nine Rules” have been deployed for relevant key areas. For example, promoting the entry of medium- to long-term capital into the market not only emphasizes vigorous development of the “basic market” of equity public funds, but also focuses on creating a policy environment that can be introduced, retained, and developed well, and promotes the entry of long-term funds such as insurance funds, social security funds, and pensions into the market. Attracting “long money” to gather “living water” is conducive to further deepening the “reservoir” of the stock market and building a “stabilizer” of the market. Jing Lei, general manager of Harvest Fund, said that stable “long-term money” is the cornerstone of high-quality development of the capital market. It helps improve market efficiency and enhance market stability and investor confidence, thereby promoting long-term healthy economic development. (Securities Daily)