Huatai Securities' Zhang Jiqiang: 100 Billion Yuan of Incremental Capital Poised to Enter; Market-Stabilization Tools Moving Toward Long-Term Institutional Arrangements

Zhang Jiqiang, Director of the Huatai Securities Research Institute and Chief Fixed Income Analyst, stated that in the face of risk resonance and contagion in global tech stocks, financial regulatory authorities have once again acted decisively, restarting the market-stabilization response mechanism in place since "924," effectively halting the stampede effect caused by deleveraging of various on- and off-exchange funds amid crowded tech trades. Meanwhile, the capital market stabilization mechanism and policy tool mix are shifting from a temporary response to a long-term institutional arrangement.