中国证监会发出支持国内A股市场的新信号，周末召开座谈会，旨在提振因美国制裁担忧导致科技股大跌而受挫的市场情绪。
China’s top securities regulator has signalled fresh support for the domestic A-share market, convening a symposium over the weekend as authorities sought to shore up sentiment following a sharp sell-off in technology shares driven by concerns over US sanctions.
根据在线声明，中国证券监督管理委员会（CSRC）于周六在北京召集上市公司高管、证券公司和基金管理公司专家，讨论“国家资本市场和金融状况”。
The China Securities Regulatory Commission (CSRC) brought together executives from listed companies and experts from securities firms and fund managers at a meeting in Beijing on Saturday to “discuss the country’s capital markets and financial conditions”, according to an online statement.
此次座谈会由CSRC主席吴清主持，他就当前市场环境征求意见和建议。
The meeting was chaired by CSRC chairman Wu Qing, who sought views and suggestions on the current market environment.
会议召开之际，市场正经历剧烈调整。第三季度，沪深300指数下跌12%，其中受科技创新板50指数31%的大幅下跌拖累。
It came amid a sharp market correction. China’s CSI 300 Index fell 12 per cent in the third quarter, weighed down by a 31 per cent slump in the tech-heavy Star Market 50 index.
国庆长假一周后，抛售压力仍未缓解。周五盘中交易时，创业板指数一度跌破3000点，而科创50指数跌幅超过4%，跌破1400点。随后，在买盘推动下，两指数回升部分失幅并小幅收高，部分市场人士将此与政府性基金入市联系起来。
Selling pressure persisted after the week-long National Day holiday. During intraday trading on Friday, the ChiNext Index briefly fell below the 3,000-point mark, while the Star 50 index dropped more than 4 per cent and slipped below 1,400 points. Both later pared losses and closed slightly higher amid heavy buying, which some market participants linked to government-backed funds.
这并非今年首次举办此类座谈会。7月市场出现剧烈调整后，吴清也曾主持与投资者的会议，旨在提振信心。会后，在政策支持和新增资金流入的推动下，市场趋于稳定。周六的官方通报中未透露新政策措施。
It was not the first symposium of its kind this year. Following a sharp market correction in July, Wu also chaired a meeting with investors aimed at boosting confidence, after which markets stabilised with policy support and fresh capital inflows. No new policy measures were outlined in Saturday’s official readout.
吴清呼吁上市公司和行业机构积极建言、协同发力，共同完善资本市场、提升投资者回报。
Wu urged listed companies and industry institutions to offer suggestions and work together to improve the capital market and deliver better returns to investors.
参会专家据称提出，应加强市场稳定机制建设，拓宽中长期资金入市渠道，并发展愿意长期投资的“耐心资本”。
Participating experts were said to have proposed strengthening market-stabilisation mechanisms, broadening the channels through which medium- and long-term funds could enter the market, and developing “patient capital” willing to invest over longer periods.
他们还呼吁符合条件的上市公司增加股息和股份回购，改善投资者保护，优化上市规则，加强交易监管，提升跨境风险监控。
They also called for eligible listed companies to increase dividends and share buy-backs, improve investor protection, optimise listing rules, strengthen trading supervision and enhance cross-border risk monitoring.
北京在吸引长期海外资本进入中国A股市场方面面临艰巨挑战，因为资金仍在继续流向美国，那里的股票上周创下历史新高。
Beijing faces an uphill battle in attracting long-term overseas capital to China’s A-share market, as funds continue to flow into the United States, where stocks hit new highs last week.
然而，这一监管推动恰逢全球主动基金结束对中国股票四年减持的迹象出现，例如美国银行等机构指出，正在转向基准中性配置。
The regulatory push, however, coincided with signs that global active funds were ending a four-year underweight position on Chinese equities, with institutions such as Bank of America pointing to a shift towards benchmark-neutral allocations.
包括建银国际和浙商证券在内的中国投资银行警告称，内地和香港股票面临第四季度的挑战。
Chinese investment banks including CCB International and Zheshang Securities warned that mainland and Hong Kong equities faced a challenging fourth quarter.
分析师预计，在持续预期美国利率上升、全球流动性紧张以及投资者情绪转向人工智能相关股票的背景下，市场将保持震荡。
Analysts expected markets to remain range-bound amid persistent expectations of higher US interest rates, tight global liquidity and a shifting sentiment towards artificial intelligence-related stocks.