Morgan Stanley Fund's report stated that the Central Political Bureau of the Communist Party of China held a meeting on September 26 to analyze and study the current economic situation and deploy the next steps in economic work. Based on the unexpected policies that have been introduced, market confidence is expected to be greatly boosted, and the phase of A-share market bottoming out may have ended, potentially ushering in a new round of recovery. It is optimistic about the overall trend of China's core assets, and areas that have been suppressed by pessimistic expectations are also expected to see valuation recovery, with a focus on the subsequent efforts of fiscal policy. Event: On September 26, the A-share market rallied in the afternoon, and by the closing, the Shanghai Composite Index rose by 3.61% to regain 3000 points, closing at 3000.95 points. The Shenzhen Component Index rose by 4.44%, the Growth Enterprise Board Index rose by 4.42%, the ChiNext Index rose by 2.97%, the STAR 50 Index rose by 3.87%, and the Wind All A Index rose by 4.01%. A-share turnover for the whole day reached 1.17 trillion yuan, hitting a new high for the period, with significant volume increase in the afternoon. In terms of sectors, the liquor sector almost all hit the limit up, real estate stocks also showed strength, major financials continued to rise, and core assets performed well overall. Review: The Central Political Bureau of the Communist Party of China held a meeting on September 26 to analyze and study the current economic situation and deploy the next steps in economic work. The meeting provided abundant information and released key positive signals, including fiscal and monetary policies, real estate, capital markets, and public fund sectors that investors are concerned about. The meeting stressed the need to objectively and calmly assess the current economic situation, face difficulties, maintain confidence, and strive to achieve the annual economic and social development goals; to increase the intensity of countercyclical adjustments in fiscal and monetary policies and ensure necessary fiscal expenditure; to promote the stabilization of the real estate market, strictly control the increase in commodity housing construction, optimize existing stock, improve quality, increase lending to "white-listed" projects, support the revitalization of idle land stocks; to respond to public concerns, adjust housing purchase restrictions, reduce interest rates on existing housing loans, accelerate the improvement of land, finance, and tax policies, and promote the development of a new model for real estate development; to make efforts to boost the capital market and guide long-term funds into the market; to support the merger and reorganization of listed companies, steadily promote the reform of public funds, and study and introduce policy measures to protect small and medium-sized investors; to combine efforts to promote consumption and benefit the people, increase the income of low- and middle-income groups, and improve consumption structure; to firmly safeguard the bottom line of people's livelihood, etc. The policy signals released in this meeting are very clear, and the policy measures are much stronger than market expectations. Firstly, in terms of timing, economic work is not usually the main topic of discussion at September political meetings. The focus on discussing the current economic situation in this meeting reflects a strong determination to stabilize growth. Secondly, there have been substantive changes in the policy statements in certain areas, with higher requirements for stabilizing the property market and a high level of attention to welfare policies. In terms of fiscal and monetary policies, it was stated that there is still room for monetary policy adjustment, and fiscal policy could be intensified. In addition, the more proactive statement of "efforts to boost the capital market" demonstrates protection of the capital market and is one of the main reasons for today's market surge on high volume.