Wu Xiaoqiu: Consolidating market confidence is still the first place, don't think that you will slack off at 3005 points

Tencent Financial News On March 27, Wu Xiaoqiu, dean of the National Institute of Financial Research of Chinese University and president of the China Capital Market Research Institute, said at the 2024 Boao Forum "World Economic Outlook" sub-forum that the current capital market is in the test again, "close to 3000 points, this is our psychological line, so at the moment, consolidating market confidence is still the first place, don't slack off, think that it will be good to 3005 points."

Wu Xiaoqiu is optimistic about China's economic development. He said that the current economy is facing a number of challenges, including the transformation of the internal economic structure, the adjustment of the economic operation model and the huge uncertainty of the external world, including geopolitics, how hot spots will change, etc., "(these) will have a very complex impact on the global economy, global trade and the Chinese economy."

Wu Xiaoqiu also believes that China's economy must do a good job in changing and adjusting in three aspects. First of all, it is necessary to give investors, consumers, entrepreneurs, and all market players confidence and expectations; second, it is necessary to deeply understand that the current economic operation mode has undergone great changes and is very different from the past, and finally, it is necessary to implement the stability and practicability of relevant policies.