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First, the relationship between the big bull market and the great changes in the capital marketConclusion: The combination of economic transformation and upgrading with the reform of registration system will lead to a long-term bull market. Under the registration system, the stock market ecology will undergo major changes, the speculation gap will be effectively curbed, indexed investment will become the mainstream of the market, and the institutionalization of ETF-based retail will be accelerated.

1, the relationship between 519 market and policy change.1, the relationship between 519 market and policy change.

3. Reform of comprehensive registration system1, the relationship between 519 market and policy change.3. Reform of comprehensive registration system