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Main contents:My interpretation and evaluation: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%.

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.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.

2. After eleven years, the loose monetary policy is proposed again. Compared with the previous prudent policy, this easing will be more significant.4. Putting the expansion of domestic demand before the development of new quality productive forces shows the adjustment of policy focus.1. The contents of the meeting and the response from the external market will further boost market confidence, enhance the risk appetite of funds, and increase our chances and success rate of investing in financial markets.