A healthy and developed economy must have a healthy capital market. The capital market is an important means of allocating resources at the financial level. It seems that stock prices rise and fall, but in fact, it is allocating financial resources and optimizing market structure.

Why major innovative companies that have influenced mankind have grown and developed in the United States? One of the core reasons is the prosperity of the capital market and the US stock market. The development of China's Internet has also benefited from the US stock market. Which of these early companies did not have investment from US capital? Most of them are listed on the US stock market. The current state of the A-share market has seriously restricted innovation and economic development. Today's startups are likely to exit only in the A-share or Hong Kong stock market, but in fact, it is difficult. Recently, I saw a relatively large storage company in China. It has been established for more than ten years and has also experienced several rounds of financing. It was finally listed on the Hong Kong stock market. The listing price was lower than the valuation of the last round of financing, and now it has fallen by 50%. The company's market value is not as fast as issuing a coin, and it cannot be compared with AR and file.

China actually had the opportunity to overtake in the currency circle, but it was a pity that it gave up. The Americans once again dominated the market. What a pity.