On November 10, 2026, the Buffett Index (total market capitalization of A-shares / GDP of the previous year) was 84.17%. The equity risk premium (ERP) of the CSI 300 Index was 5.83%, up slightly by 0.02 percentage points from 5.81% previously. The current ERP is below the 6% reference line. Based on the ERP, the valuation advantage of equity assets relative to government bonds has strengthened compared to the previous period.