Leo Ma, Chief Investment Officer for Mainland China and Hong Kong at Invesco, stated that the recent announcement of policy easing has restored optimism. In the short term, consumer sentiment is optimistic during the Golden Week period. In the medium to long term, supportive monetary and fiscal measures will continue to promote sustainable growth in the Chinese economy. Looking ahead, attention will continue to be focused on four major themes in the Chinese economic landscape, including Chinese enterprises going global, green transformation, innovation in artificial intelligence technology, and dividend growth in Chinese companies. Ma believes that during the National Day Golden Week, domestic tourism, consumption, and real estate sales have shown positive trends; the recent economic stimulus measures announced by the Chinese government have boosted market sentiment positively. Statements from the National Development and Reform Commission, combined with the recently announced supportive monetary and fiscal policies, will boost the economy and support a positive long-term outlook for the Chinese stock market. He noted that tourism, real estate, and consumer data show optimistic sentiment. On October 6th, national passenger traffic increased by 5.2% year-on-year, 24.8% higher than the same period in 2019. The Ministry of Transport expects the total national road passenger volume during the Golden Week to reach 1.94 billion, with a daily average of 280 million passengers. The real estate industry also received good news, with pre-sale volumes for new homes in key cities during the Golden Week period increasing by about 15 to 20% year-on-year, reflecting a significant improvement in market sentiment. In terms of consumption, according to data from a major mobile payment operator, spending on the platform during the first four days of the holiday increased by 120% year-on-year. On the other hand, the National Development and Reform Commission confirmed that China will continue issuing ultra-long special government bonds next year to support multiple large projects, and will release a list of "two-pronged" construction projects totaling 100 billion yuan (approximately $14 billion) ahead of schedule this year. Ma believes that by implementing relevant policies to support enterprises, labor markets, capital markets, and real estate markets, strong support will be provided for China's long-term growth.