In 2025, 1% has already been consumed. The global capital markets are in a state of lament. Behind every stock market crash lies the shadow of a contraction in base currency. Why, when A-shares should be expanding, are they shrinking? So, what are the highest quality assets in A-shares and H-shares? This question has been posed to many analysts and fund managers, and the answers are invariably Moutai, Changjiang Electric, and Industrial and Commercial Bank of China. Only one foreign fund manager, without using any models, gave the simplest answer: retail investors.
The Chinese stock market has continued its worst New Year opening since 2016, reflecting the market's concerns about economic growth prospects. The RMB exchange rate has fallen below the psychological barrier of 7.3 per USD, marking the first time since the end of 2023. The yield on China's 10-year government bonds has fallen below 1.6% for the first time.
Global investors have lost confidence in China's economic recovery, with the yield on China's 10-year government bonds falling below 1.6% for the first time, and the CSI 300 Index has fallen for three consecutive days, posting the worst New Year performance in a decade. Efforts to stimulate the economy have failed to improve market sentiment, leading to a catastrophic situation.
It's not that I am bearish on the Chinese stock market, but the facts are as such. Almost everyone entering the A-shares is just a pawn. Not a single person can cash out freely. The restrictions on opening accounts in U.S. stocks are unfriendly to most rural investors. Everyone can only choose the relatively fair and opportunity-filled cryptocurrency market. In the first quarter of 2025, the cryptocurrency market has traditionally seen a good increase. Moreover, it faces the unpredictable Trump. The whole family has already invested in digital currency and heavily invested in ETH. For those who recently bought the bottom cryptocurrencies, hold on, at least until March to sell in batches. Don't engage in short-term trading and get burned. I've mentioned multiple times that the recent pullback is everyone's last chance to buy the dip. I haven't deceived anyone, have I? Have you gotten on board? $BTC #比特币走势观察 #币安全球用户突破2.5亿
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