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From the perspective of capital flow, the cautious attitude of institutional funds makes the market lack strong upward momentum. After the important meeting, the market was full of expectations, but due to the lack of active guidance of institutional funds, the follow-up trend failed to unfold as optimistic as expected, but fell into a short-term dilemma. However, despite the short-term market weakness, from a medium-and long-term perspective, we need not be overly pessimistic.From the perspective of capital flow, the cautious attitude of institutional funds makes the market lack strong upward momentum. After the important meeting, the market was full of expectations, but due to the lack of active guidance of institutional funds, the follow-up trend failed to unfold as optimistic as expected, but fell into a short-term dilemma. However, despite the short-term market weakness, from a medium-and long-term perspective, we need not be overly pessimistic.

Important meetings have outlined a clear strategic blueprint for the subsequent development of the capital market, and many detailed rules have yet to be gradually introduced, which will undoubtedly give birth to new favorable opportunities for the relevant sectors of the market. For example, in the direction of industrial upgrading mentioned in the meeting, high-end manufacturing industry is expected to get more policy support and capital investment. Related enterprises will usher in new opportunities in technology research and development, capacity expansion and market expansion, which will drive the expected growth of the sector, attract capital inflows and push up the stock price. For another example, in the field of green development, new energy-related industrial chains will continue to benefit. With the refinement of subsidy policy, the acceleration of infrastructure construction and the breakthrough of technological innovation, the profitability and market competitiveness of new energy enterprises will be further enhanced, thus forming a strong support for the broader market.Important meetings have outlined a clear strategic blueprint for the subsequent development of the capital market, and many detailed rules have yet to be gradually introduced, which will undoubtedly give birth to new favorable opportunities for the relevant sectors of the market. For example, in the direction of industrial upgrading mentioned in the meeting, high-end manufacturing industry is expected to get more policy support and capital investment. Related enterprises will usher in new opportunities in technology research and development, capacity expansion and market expansion, which will drive the expected growth of the sector, attract capital inflows and push up the stock price. For another example, in the field of green development, new energy-related industrial chains will continue to benefit. With the refinement of subsidy policy, the acceleration of infrastructure construction and the breakthrough of technological innovation, the profitability and market competitiveness of new energy enterprises will be further enhanced, thus forming a strong support for the broader market.On Tuesday, the market opened sharply higher. However, at that time, we suggested that the upward gap on that day would be covered in a short period of time. Unexpectedly, the replenishment action was quickly completed on the same day, which undoubtedly showed the weakness of the current market. The inaction of institutional funds plays a key role in it.