In 2021，China’s stock market remains stable operation，and the market vitality has been significantly increased. The financial system has contributed to the green and low-carbon development. Financial regulations have consistently been strengthened. Major progress has been made in deepening reform of the capital market，and steady progress has been made in high-level of two-way opening. The performance of the upstream industry is generally better than the downstream industry. Cyclical stocks have been particularly strong，and the track of new energy is strong as well. Developed economies around the world have maintained unconventional quantitative easing policies. The central government has continued to deepen supply-side structural reforms，the monetary policy has been flexible and appropriate，and financing costs have been stably reduced. In 2022，the A-share market will have an upward internal momentum，and the structural opportunities will increase significantly. It is necessary to pay attention to the core role of scientific and technological innovation under the dual circulation pattern，the long-term mission of sustainable development under the carbon dioxide peaking and carbon neutrality targets as well as the intense pursuit of a better life under common prosperity.