In order to further guide the whole market to establish the concept of value investment and long-term investment, give full play to the positive role of institutional investors in maintaining market stability, serving national strategies and promoting common prosperity, and effectively enhance the sense of security and gain of small and medium investors in securities investment On the occasion of the 4th “May 15 National Investor Protection Publicity Day” event, Shanghai Stock Exchange, asset management institutions, universities and other 66 institutions jointly released the “Capital Market Value Investment and Long-term Investment Initiative” , and strive to create a good atmosphere for actively practicing value investment and long-term investment in the whole market.

This "Initiative" is divided into three parts, including preface, main body and conclusion. Among them, there are ten articles in the main text, and relevant proposals are put forward to investors and asset management institutions from the three dimensions of investment philosophy, institutional behavior, and market atmosphere. . In the future, we will continue to track and evaluate capital market value investment and long-term investment practices.

Let us jointly adhere to and continue to practice the concept of value investment and long-term investment, and contribute to the promotion of high-quality development of my country's capital market!

The following is the full text of the initiative: