Activate the capital market and boost investor confidence. Under a series of policy measures taken by multiple ministries, on August 28th, the Shanghai and Shenzhen stock markets saw a surge in profits. Although the gains in the end of the day narrowed, institutional investors are very confident in the market's medium to long-term performance. Several public fund professionals told Securities Daily that the combination policy, including halving the stamp duty and making corresponding adjustments to the financing and investment sides, has effectively boosted market confidence. In the short term, the undervalued sector has a prominent attraction effect; In the long run, the value of fund allocation is still expected to attract incremental funds into the market. On August 28th, the Announcement on Reducing the Stamp Tax on Securities Transactions by Half, issued by the Ministry of Finance and the State Administration of Taxation, was officially implemented, marking the first reduction in 15 years since 2008. In the view of public funds, the reduction of stamp duty has had a substantial positive impact on the capital market, and has played an immediate role in revitalizing the capital market and boosting investor confidence. A person from China Europe Fund Management Co., Ltd. told Securities Daily that from the perspective of the impact, the reduction in stamp duty tax rate for securities transactions has had a good boosting effect on the A-share market and has a significant role in boosting market confidence. Huaxia Fund Management Co., Ltd. believes that the reduction of securities trading stamp duty is aimed at reducing stock market transaction costs and can boost market confidence in the current bottom region. Specifically, securities firms and financial IT sectors will directly benefit from this round of policy catalysis; In addition, from the perspective of long-term asset allocation, there will definitely be incremental capital inflows into A-shares. A person from Fuguo Fund Management Co., Ltd. (hereinafter referred to as "Fuguo Fund") told Securities Daily that reducing stamp duty in the short term is beneficial for enhancing market risk appetite, while in the medium to long term, it is beneficial for reducing transaction costs and increasing market activity. From the perspective of market pricing logic, the halving of stamp duty this time may be beneficial for improving market pessimism and enhancing risk appetite in the short term; In the medium term, further fundamental repairs will be carried out. At present, there is no need to be pessimistic about the A-share index in the context of low valuation levels and continuous policy implementation. "A person related to Wells Fargo Fund believes that from the fundamental data, the power of marginal improvement in industrial production and demand is gradually increasing, and the" gold nine silver ten "market is still worth looking forward to. In addition to the favorable policy of halving the stamp duty on securities trading, public funds have also exceeded expectations regarding regulatory adjustments to financing and investment policies. Chen Xianshun, Chief Equity Strategy Analyst at Boshi Fund Management Co., Ltd., stated that the policy adjustments to regulate holdings reduction and reduce financing margin ratios exceeded market expectations. This policy adjustment has actively responded to the market's call, directly pointing to the objective problems existing in the current market, and has a significant effect on improving the market investment environment and boosting investors' risk preferences. Looking ahead to the future market, on the one hand, there has been a significant improvement in market sentiment; On the other hand, after recent continuous adjustments, the market valuation has been at a historical low, and pessimistic expectations have been fully digested, indicating a positive outlook on A-share investment opportunities in the next stage. Lin Qiqu, a strategic researcher at Dacheng Fund Management Co., Ltd., stated that the policy efforts to further regulate shareholder reduction have exceeded expectations. According to statistics, there are more than 2000 listed companies in the A-share market, which is therefore restricted. Policy adjustments have been made