[China Securities Regulatory Commission Holds Party Building and Regulatory Work Symposium] According to a report by Jinse Finance, on July 23, the meeting emphasized that the current century-old changes are accelerating, geopolitical conflicts persist, and the risks of global financial market interconnection and resonance are rising. At the same time, a new round of technological revolution and industrial transformation is rapidly advancing, and positive factors in areas such as macro policies, fundamentals, and capital flows are continuously accumulating. The effects of capital market reforms are steadily emerging, and the market as a whole possesses good allocation value. It is necessary to strengthen confidence, maintain composure, and adhere to the general principle of seeking progress while maintaining stability. Efforts should be made to handle our own affairs solidly, with greater emphasis on balancing the relationships between the local and the overall, policy stability and flexibility, existing policies and incremental policies, as well as fairness and efficiency. By recognizing and adapting to changes, we can take the initiative, achieve new developments through overcoming challenges, and strive to accomplish the goals and tasks set at the beginning of the year, ensuring a strong start to the capital market's 14th Five-Year Plan.