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Yang Delong: Policy Bottom Overlaps with Market Bottom to Trigger Bull Market
Jinshi data, October 8th, before the start of the market, the market had fallen to a point where there was no more room to fall. The price-earnings ratio and price-to-book ratio of the Shanghai and Shenzhen 300, the Shanghai Composite Index, and the MSCI Equity Index are all lower than the four historical lows since 2000. Therefore, when Favourable Information policies are introduced, the market quickly responds, forming a resonance effect.