According to Tianfeng Research Reports, the cost-effectiveness indicators of stocks and bonds are currently rising, approaching the year-to-date high point from late September. In the equity market, effectively utilizing monetary policy tools to stabilize the stock market and promoting long-term capital entry is a key focus for regulators moving forward. As the subsequent central economic work conference's tasks are implemented and show effects, the social risk appetite is expected to gradually recover, and residents' excess savings may increase equity reallocation.