Regulatory "cooling down" combination punch hits, experts: policy regulation aims to "cool down" the market, not "extinguish" it.

On the 14th, the three major indexes of A-shares rose and fell. By the end of the day, the Shanghai Composite Index fell by 0.31% to 4,126.09 points; the Shenzhen Component Index rose by 0.56%, and the ChiNext Index rose by 0.82%. The market turnover approached 4 trillion yuan, with more than half of the stocks rising. After the midday close, the Shanghai and Shenzhen stock exchanges issued notices, moderately adjusting the financing margin ratio for new financing contracts from 80% to 100%. The Shanghai Composite Index quickly plunged and turned green after the midday break, falling to a low of 0.85% to 4,103.62 points. Tian Lihui, Dean of the Institute of Finance Development at Nankai University, stated that the adjustment of financing policies combined with efficient supervision of hot concept stocks indicates that the A-share market regulation has already made a "combination punch." The policy regulation aims to "cool down" the market rather than "extinguish the fire," and the future market will place more emphasis on fundamentals and compliance. Short-term fluctuations are inevitable, but the pattern of "slow bull market" and "long bull market" is gradually solidifying. Investors need to abandon short-term speculative thinking, traverse market fluctuations with rationality and patience, and share the dividends of high-quality development in the Chinese economy.