The performance of China's stock market is really overwhelming. As a Chinese, I am proud of the tremendous progress made by my motherland. But at the same time, as an A-share investor, watching the ups and downs of the market, I can't help but be indescribable.
During the pandemic, the Indian stock market has more than quadrupled for four years.
And our A-shares have suffered severely. The bear market has been falling sharply for more than two years. As soon as the new shares were listed, they were cut in half, and the new shares fell directly. As a retail investor, it is really psychologically uncomfortable to witness your net worth evaporate.
What's even more uncomfortable is that at this time, it should have been the time when the state entrusted the city, but the myth of the 4 trillion bailout appeared. The huge amount of money had little impact on the market, but only exacerbated the panic among retail investors. At the same time, it is unbelievable that our market can continue to fall sharply despite the very small trading volume.
Looking at mature foreign markets, how humane their regulation is. Once there is an abnormality in the stock market, it will immediately suspend trading for rectification to protect the interests of investors. Here we are the complete opposite, leaving the shareholders to fend for themselves. This contrast gives the impression that China's stock market is still very imperfect.
The stock market in the past two or three years has really dampened the enthusiasm of countless retail investors. Everyone is complaining about why new stocks are called "unemployment boards" and why Chinese concept stocks are named "US stocks". This fully reflects the distrust of investors in the market. In fact, if you think about it, the names themselves imply too much information.
A market needs to develop, and it is inseparable from the confidence of investors. There are still too many things that need to be improved in the current regulatory environment of China's stock market. Investors here are more like guinea pigs on a testing field than in mature markets.