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4. Putting the expansion of domestic demand before the development of new quality productive forces shows the adjustment of policy focus.Opening at 3500 tomorrow, interpretation of economic conferenceThe contents of the after-hours economic meeting were announced, and foreign capital and the media regarded the China stock index as a major positive; Hong Kong's Hang Seng Index and Singapore's A50 Index soared.

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%.Main contents:My interpretation and evaluation:

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. 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.