The capital market must be strengthened in terms of building pricing power. China’s capital market cannot forever be a follower of global markets, nor can it always serve as an amplifier of external sentiment. We need to study the world, but we cannot rely on the world; we need to pay attention to the United States, but we cannot be led by the United States; we need to respect market laws, but more importantly, we must establish pricing logic that fits China’s own stage of development#stocks