The core logic of long-term improvement has not changed.

Ren Zhiqiang, assistant to the president of Huafu Securities and director of the research institute, said in an interview with Securities Times reporters that the recent market's phase of adjustment and fluctuations are mainly driven by temporary factors such as overseas disturbances and short-term capital sentiment. The core logic of the medium and long-term positive trend of steady economic recovery, continuous deepening of capital market reforms, readjustment of market valuations to reasonable levels, and continuous inflow of medium and long-term funds has not changed. Ren Zhiqiang believes that industrial innovation continues to deliver solid profit support to the market, short-term fluctuations are releasing temporary risks in the market, and the combination of solid fundamentals and ongoing capital market reform dividends will help restore market confidence. The long-term stable development of A-shares and the dominance of value investing remain unchanged.