Institutional personnel: With the release of market risks, it is expected that A-shares will regain a trend of oscillating upwards.

Due to the escalation of the situation in the Middle East, the risk appetite in the peripheral markets has significantly decreased in recent days, leading to increased volatility in the A-share market. On March 9, the three major indexes of A shares fluctuated widely, with the Shanghai Composite Index falling by nearly 2% at one point during the day, and the Shenzhen Component Index and the ChiNext Index both falling by more than 3% at one point. However, the declines later narrowed significantly. By the end of the day, the Shanghai Composite Index fell by 0.67%, while the Shenzhen Component Index and the ChiNext Index fell by 0.74% and 0.64% respectively. Many institutional professionals interviewed by Securities Times reporters expressed their belief that with the release of market risks, A shares are expected to resume a trend of oscillating upward. In the long term, there are still many major policies in the pipeline for A-share reform, continuously driving the transition of A shares from a "financing market" to an "investment market" and constructing a core policy combination for long-term stable development, which will have a profound impact on market ecology, fund structure, valuation system, and investment style.