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2. Chen Guo: A-shares born in the 1990s have their own temper attributes and are not suitable for all-round benchmarking of US stocks at once.The US stock market has a history of more than 200 years, and the US stock market has experienced two world wars. It is true that the US stock market is the most mature financial market in the world, and it is also a market where global capital flows in, so A shares are indeed a bit behind the US stock market! However, the A-share market is not as good as the increase of the Thai stock market next to it, which is a bit unreasonable! A shares should be well refueled!Our Public Offering of Fund has also experienced several rounds of great development, and now it has exceeded 32 trillion yuan. In 2022 and 2023, it made the first loss for two consecutive years. In 2024, the stock market returned to 3400 points from 2635. Three years ago, there were still many losses in the net value of 3731 funds, but as a retail investor, you can make money by buying a cosmic bank casually, or you can buy an index fund to make a fixed investment, so you won't still lose money now. Now some institutions are no different from ordinary retail investors.

3. Tian Xuan: The China stock market is dominated by retail investors. This is not a healthy capital market. The bull market of US stocks is because retail investors no longer trade in person but invest through institutions.When my general was in college, the book said that the A-share market was an emerging market, but today, 24 years later, A-share market should be regarded as an adult. Because A-shares are at least 34 years old, and 34 years is a mature middle-aged person. As the saying goes, A-shares should be mature!The IPO has started to blow again, and some economists said over the weekend that IPO should be normalized. Today, there are brokers who explain that IPO is expected to pick up in 2008. Next year's IPO will pick up, basically picking up. Up to now, there are 92 IPOs listed this year, and this year there are about 100.

This year, the Shanghai Composite Index has risen by nearly 500 points so far. At present, A shares have stepped out of the bullish upward trend, and the index will exceed 3,731 or even 4,000 points next year, so it should be reasonable to reach more than 150 IPOs next year!Heavy! There are three major news in the securities market, IPO may pick up, A-share benchmarking is difficult, and retail investors dominate the dispute. What is the fate of A-shares?