On October 16, 2026, the Buffett Index (total market capitalization of A-shares/GDP of the previous year) was 85.62%, a slight increase from the previous day; the equity risk premium (ERP) of the CSI 300 Index was 6.05%, an increase of 0.01 percentage points from October 15, 2026, which is higher than the 6% reference line, indicating that the valuation advantage of the stock market relative to government bonds has strengthened compared with the previous day.