Let me briefly talk about the three big mountains that are weighing on A-shares. I did not publish this before due to sensitive topics. A shares fell overall by 21% in the past month
We usually say that the financial market is a free market, but A-shares have been troubled by exchange rate issues all year round. Of course, there are historical reasons here, such as the fear of being strangled by Western capital. As for the relocation of manufacturing industries that caused the exchange rate to drop, large-scale relocation of factories had already occurred around 2014. However, the overall upward trend of mobile Internet was at that time, so the relocation was forced to be postponed. I was very clear about the employment environment at that time. , there is a factory in Jiangsu that recruits 50 people, and there are thousands of people queuing outside the door. This is a very scary number. I will never forget the suffocating feeling of looking for a job. But when we look back on the past 40 years of reform and opening up, historical opportunities have been deliberately chosen to help us overcome difficulties. But a change occurred a few days later. As the demand for the industrial chain exploded with the mobile Internet, foreign companies were forced to stop relocating overseas. In just a few days, they absorbed all the people who wanted to work. I clearly remember when I entered the factory dormitory. The house was full of dust, and in the following few months, there was a situation where we could not recruit people. The market price of an intermediary introduction was around 20,000. When I entered the factory, the agent at that time was still a relatively poor person. After a few months, In the following New Year, he bought a BMW 7 Series. This was a historical opportunity. Many people don’t think much of it when they mention factories, but it is the hundreds of millions of workers on the assembly line that reshape the national economy every three years, and each of us is reaping the dividends of the assembly line.
The system and institutional environment of A-shares have not kept pace with the times. Regarding corruption, I think many people in finance-related professions will be held accountable and held accountable in the future. In our system, public opinion always comes first, just like when people related to the national football team Li Tie entered. There will also be a group of people in the financial market, and it should be a large group. Now we can see many domestic institutional funds withdrawing independently and protecting themselves wisely.
I think the most important thing is whether the government will bail out the market if it has money. How to solve the island in the east is our most difficult problem now. It is the biggest mountain. However, with the rapid development in the past forty years, you can always Trust the government.
