JD Chief Economist Shen Jianguang: A well-functioning capital market is conducive to promoting consumption.

At the 2026 Boao Forum for Asia Annual Conference, Shen Jianguang, Vice President and Chief Economist of JD Group, stated that it is of great significance to do well in the capital market, as it can increase residents' property income. The Shanghai Composite Index has made significant progress from 3000 points to 4000 points, and the wealth effect of capital is crucial for promoting consumption. In the past, the proportion of property income in Chinese residents' income has decreased rapidly. If the capital market can be developed, it will be beneficial for promoting consumption and stabilizing economic operation.