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3. Emphasis on stabilizing the property market and the stock market. Beijing rarely mentions the stock market, showing its importance.Operational recommendations:5. If the stock index trend goes up and down, don't worry too much, and the follow-up opportunities may still be in the track stocks.

1. In 2025, a proactive fiscal policy will be implemented that exceeds market expectations. It is estimated that the fiscal deficit ratio will exceed 4%, and I predict it will be about 4.5%.1. The wording of proactive fiscal policy and deficit shows the determination to exceed expectations, and other contents are basically in line with my expectations. It is reasonable for the market to interpret it as a major positive, and the positive reaction of foreign capital may be related to its large-scale layout of China assets and call options in the early stage.

4. The persistence and strength of the market will mainly depend on the performance of the big financial brokers and the length of the K-line of the stock index entity.