The topic of A-shares T+0 system reform has once again gained attention. Industry insiders point out that the short-selling mechanism of futures instruments in the current market is already quite完善, and the traditional T+0 trading restrictions have almost no constraints on institutional investors and quantitative teams—it's the retail investors who are truly restricted. This situation contradicts the practices of mature international capital markets. Looking globally, the vast majority of developed financial markets have already implemented T+0 trading systems, significantly enhancing trading liquidity and market efficiency as a result.

Some believe that if A-shares could试行T+0制度, providing the market with sufficient adaptation time, the index is very likely to stabilize above 4000 points next year. This would not only improve market trading efficiency but also potentially attract more long-term funds, promoting the entire market toward a healthier and more成熟方向. The key is that this is a制度创新 worth尝试.