Let's talk about A-shares! Those who know will understand $BTC #LayerZero $BNB

There are so many fraudulent companies in A-shares, not because they indulge capitalists, but because in the process of fraud, the biggest benefits are left to local governments, taxes, employment, investment, and hidden interest chains. There are also many pseudo-capitalists who are actually leaders and their relatives.

Of Xu Jiayin's 2.4 trillion yuan debt, 30% has become land, which is the income of local governments. The income from land sales does not need to be turned over to the central government; 20% has become financing costs, and the destination is the financial system, mainly state-owned enterprises; 20% has become construction materials and engineering expenses, and most of them are state-owned enterprises;

20% has become management costs such as rent and personnel costs, bonuses and performance, and project costs, including huge advertising and public relations, especially government public relations; 10% has enriched itself, which is already the most optimistic estimate.

So if you want to cut the A-shares, unless the royal family cuts it themselves.