[The construction of the "long-term money and long-term investment" market ecology continues to advance, and medium- and long-term funds are structurally increased in the third quarter] October 28th, data showed that as of press time on October 27th, the disclosure rate of A-share third quarter reports was approximately 41.76%. Judging from the data of the current three quarterly reports, the characteristics of medium and long-term capital structural increase are outstanding: the number of new and increased holdings of social security funds exceeds the number of reductions; basic pension insurance funds have bucked the trend and deployed electronic sectors; corporate annuities, which are in the transition period of long-term assessment and rectification, have maintained a very low turnover rate and their overall positions have tended to be stable; public funds have appeared in the list of the top ten circulating shareholders of 1,590 stocks, of which 141 have increased their holdings and 22 have newly entered. What is even more noteworthy is that currently, benefiting from the continued advancement of policy-side reforms, long-term money entry channels are accelerating beyond the single transaction model of the secondary market, extending to diversified paths such as private placement, strategic placement, public REITs (real estate investment trust funds‌), and pension products. (Securities Daily)