The latest data shows that on April 7th and 8th, the total net inflow of ETF products exceeded 190 billion yuan, improving the stability of the A-share market. Industry insiders believe that in recent days, multiple funds have entered the market intensively, sending a strong signal to all parties involved to "stabilize the stock market". From the statements of relevant departments and multiple institutions, it can be seen that the policy's support for capital inflows into the market is constantly increasing, and it is expected that funds will continue to flow into A-shares in the future, providing strong support for enhancing the inherent stability of the capital market. Institutions and the 'national team' work together to maintain stability in the capital market, with the 'national team' represented by Central Huijin Company making consecutive moves. On the 8th, Central Huijin Corporation clarified that it plays a role similar to a "stabilization fund". Since 2008, Central Huijin Company has participated in maintaining the stability of the capital market multiple times, actively enhancing the inherent stability of the capital market. In addition, Central Huijin Company stated that it has a large scale of available self owned funds and can also receive liquidity support from the People's Bank of China. On the same day, the central bank clarified that it would provide sufficient refinancing support to Central Huijin Company when necessary. This means that there is sufficient guarantee for stable market funds in the future. In the view of Tian Xuan, Dean of the National Institute of Finance at Tsinghua University, the "Chinese version of the Ping An Fund" will drive other institutional investors to follow suit, exert market synergy effects, and strengthen the foundation of market stability. Following the 'national team', public funds have been selling their own funds. Among them, Boshi Fund announced that it will invest a total of 65 million yuan from its inherent funds in its equity public funds. China Merchants Fund stated that it will invest 50 million yuan of its inherent funds in its equity and hybrid public funds in the near future, and promises to hold them for at least one year. Private equity funds continue to increase their holdings. Wang Yiping, CEO and Chief Investment Officer of Evolutionary Asset Management, posted on social media that the position was fully loaded on the 8th. In addition, companies such as Danshui Spring Investment, Xingshi Investment, and Shennong Investment have also expressed similar attitudes. Several securities companies have expressed their firm optimism about the growth potential of the Chinese economy and the development prospects of the Chinese capital market. CITIC Securities will increase its investment in medium and long-term funds through various means, strive to enhance the investment value of listed companies, and contribute to the stable development of the capital market, "said Zhang Youjun, Secretary of the Party Committee and Chairman of CITIC Securities. Expanding the space for insurance capital to enter the market and maintaining the stability of the capital market, insurance capital is also actively entering the market. Sunshine Insurance revealed that it has continuously increased its holdings of domestic equity assets on the 7th and 8th. Zhongzai Asset stated that it has recently increased its holdings in ETFs and high-quality assets, and will further strengthen its long-term and strategic equity asset allocation efforts in the future. In the view of Gao Ruidong, Chief Economist of Everbright Securities, through timely and effective market regulation, the "Chinese version of the stabilization fund" guides the orderly entry of medium and long-term funds such as insurance into the market, promotes the upgrading of the stability mechanism from "short-term bottom support" to "long-term market shaping", and provides sufficient buffer space for the A-share market to resist external disturbances. The policy has also increased support for the entry of insurance funds into the market. The State Administration for Financial Regulation announced on the 8th that it has recently issued a notice on adjusting the supervision ratio of insurance fund equity assets, raising the upper limit of the allocation ratio of insurance fund equity assets. Xu Kang, the head of financial industry research and chief analyst at Huachuang Securities, believes that the notice simplifies regulatory levels, raises the upper limit of equity allocation, and raises the "ceiling" for insurance funds entering the market, reflecting the guidance and clear support of regulatory authorities for the entry of medium and long-term funds into the market. According to China Galaxy Securities' calculation, the balance of fund utilization in the insurance industry in 2024 is 33.26 trillion yuan. After the increase in the investment ratio of equity assets in insurance funds, it is expected to provide the market with a maximum incremental capital of over one trillion yuan. The repurchase and increase team continues to expand. Listed companies actively release repurchase and increase announcements to convey investment confidence to the market with "real money and silver". From the 7th to the 9th (pre-market), over 300 listed companies disclosed their plans for share buyback and increase dividends, or disclosed other positive information such as repurchase progress, increase progress, performance forecast, major acquisitions, major projects, major contracts, asset injections, etc. They actively used market value management tools to maintain the stability of the company's stock price, and the repurchase and increase team continued to expand. A group of state-owned enterprises and listed companies controlled by state-owned enterprises have responded quickly. According to incomplete statistics from the State owned Assets Supervision and Administration Commission of the State Council, as of 8:00 am on the 9th, 9 new central enterprises have announced increased holdings, repurchases, or mergers and acquisitions, effectively safeguarding the rights and interests of all shareholders through "real money and silver" investment, continuously consolidating investor confidence, and fully demonstrating the responsibility of central enterprises. As a state-owned capital operation platform, China Chengtong announced on the 8th that it plans to use 100 billion yuan from stock repurchase and refinancing funds to increase its holdings of listed company stocks. In the view of Guo Lei, Chief Economist of Guangfa Securities, the "combination punch" of stabilizing policies provides a "expectation anchor" for the market, which helps to promote a positive cycle of micro subject behavior. After the signal of increasing holdings by the "national team" was released, a group of listed companies also issued announcements to repurchase or increase holdings, forming a positive transmission mechanism conducive to the stable operation of the market. (New Society)