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Like the support, I wish everyone a victory!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.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.

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.1. Guotai Junan Wang Zhengzhi: IPO issuance is expected to pick up next year. It is estimated that 150~210 IPOs will be issued throughout the year.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!

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.A healthy capital market is that both the investment side and the financing side can develop in a balanced way, and the stock market can get out of the bullish market. There is no fraudulent issuance, no financial fraud, no illegal reduction in size, no manipulation of the market, and no constant thinking about cutting leeks. This is a good ecological environment.Like the support, I wish everyone a victory!