On September 22, 2025, at a press conference held by the Information Office of the State Council with the theme "Achieving High-Quality Completion of the 14th Five-Year Plan," Wu Qing, the Chairman of the China Securities Regulatory Commission (CSRC), highlighted that during the 14th Five-Year Plan period, listed companies have markedly boosted their inclination to actively reward investors. Over the preceding five years, these companies have distributed a staggering total of over 10.6 trillion yuan in 'red envelopes' — a colloquial term in Chinese finance for cash returns — to investors through dividends and share buybacks. This represents a surge of over 80% compared to the figures from the 13th Five-Year Plan period. To put this in perspective, the amount distributed is equivalent to 2.07 times the total capital raised through initial public offerings (IPOs) and subsequent stock offerings during the same timeframe.