[incremental capital entry into the market has increased, A-shares have better investment appeal] October 27th, Wind data showed that as of October 23, the cumulative net inflow of stock ETF funds since October exceeded 280 billion yuan, and the cumulative repurchase of listed companies exceeded 17 billion yuan. As the market continues to fluctuate, the valuation of A-shares has reached a relatively low level. Analysts believe that the overall valuation of the A-share market has fallen below the historical average, and it has become more attractive to invest in both horizontal and vertical comparisons. At present, A-shares should not be overly pessimistic. In the short term, shock bottoming and structural opportunities may be the main focus. (China Securities Journal)