A-share culture and media sector extended gains; Simei Media surged to its daily limit, Fantuo Digital rose over 13%, and Kunlun Wanwei, Oriental Pearl and Yinli Media also advanced.

2026年11月6日，巴菲特指数（A股总市值/上年度全年GDP）为83.64%。沪深300指数股权风险溢价（ERP）为5.83%，前值为5.78%，较2026年11月5日上升0.05个百分点。当前ERP低于6%参考线。按ERP口径，权益资产相对国债的估值优势较前期有所增强。

A recent State Council executive meeting called for improving capital-market stabilization mechanisms to bolster stock-market stability and support orderly capital-market development. Dong Zhongyun, chief economist at AVIC Securities, said authorities should continue to monitor policy effectiveness and funding supply-demand, accelerate and deepen the impact of existing stabilization measures, raise participation by financial institutions and listed companies, and track actual cash injections and the progress of buybacks and additional purchases. He urged dynamic monitoring of funding imbalances to avoid concentrated short-term liquidity stress and its negative feedback. Over the medium to long term, policymakers should strengthen mechanisms for long-term capital to enter the market to enhance market stability and resilience.