As of December 31, 2025, the amount of public funds that have entered the market since New Year's Day was over 43 billion yuan. First, there are 16 ETFs to be listed after New Year's Day, with a total capital of nearly 5 billion yuan; second, there are more than 60 active equity funds in the early stages of opening positions established after November 2025, with a total size of about 38 billion yuan. In an interview, the reporter learned that most of the holders of ETFs listed in the New Year are individual investors, and individual investors in many products hold more than 90% of the shares. Judging from the underlying funding sources, according to agency forecasts, residents' savings funds have huge potential to enter the market. The non-fixed deposit investment sector is expected to add an additional 2 trillion yuan to 4 trillion yuan in revitalization capital in 2026. Interviewees told reporters that stock investment is expected to continue to lead in 2026, and they expect residents' savings to enter the stock market more significantly. Technology investment in 2026 will be more difficult than in 2025. Excess earnings will depend more on an accurate grasp of the pace of the industry and in-depth screening of individual stocks. The challenges are increasing, but structural opportunities are still abundant.

As of December 31, 2025, the amount of public funds that have entered the market since New Year's Day was over 43 billion yuan. First, there are 16 ETFs to be listed after New Year's Day, with a total capital of nearly 5 billion yuan; second, there are more than 60 active equity funds in the early stages of opening positions established after November 2025, with a total size of about 38 billion yuan. In an interview, the reporter learned that most of the holders of ETFs listed in the New Year are individual investors, and individual investors in many products hold more than 90% of the shares. Judging from the underlying funding sources, according to agency forecasts, residents' savings funds have huge potential to enter the market. The non-fixed deposit investment sector is expected to add an additional 2 trillion yuan to 4 trillion yuan in revitalization capital in 2026. Interviewees told reporters that stock investment is expected to continue to lead in 2026, and they expect residents' savings to enter the stock market more significantly. Technology investment in 2026 will be more difficult than in 2025. Excess earnings will depend more on an accurate grasp of the pace of the industry and in-depth screening of individual stocks. The challenges are increasing, but structural opportunities are still abundant.