On January 23, China's State Council Information Office held a press conference to outline efforts to encourage long-term capital inflows into the stock market and promote high-quality development of the capital markets. A day earlier, six key regulatory bodies-the Central Financial Commission, China Securities Regulatory Commission (CSRC), Ministry of Finance, Ministry of Human Resources and Social Security, People's Bank of China, and National Financial Regulatory Administration-jointly issued the Implementation Plan on Encouraging Long-Term Capital Inflows into the Market.