Shanghai And Hong Kong's Cold Spell Poured Cold Water On The Bull Market Theory.

Shanghai and Hong Kong did not change the slowdown in China's economic growth, nor did it solve China's problems. equity market Under the circumstances, many of the real problems, including the money market, are hoped that Shanghai and Hong Kong can bring a large amount of overseas funds to open the bull market of the A share market. Shanghai and Hong Kong pass cold bull market On the cold water of Shanghai and Hong Kong, it poured cold water on the bull market.

Shanghai and Hong Kong formally opened in November 17th and there was no "second stop" trend expected by some people in the industry. Although in the first show of 17 days, Hongkong investors used up the investment quota of Shanghai stock by 13 billion yuan in advance, but in terms of Hong Kong stocks, mainland investors only used the quota of 1 billion 767 million yuan, showing a situation of "South cold north hot".

And the next two days of trading, Shanghai Stock pass and Hong Kong stock pass is a pair of shrinkage. The next day, Shanghai stock reached 13 billion yuan to buy only 4 billion 845 million yuan, leaving 8 billion 155 million yuan on the same day, while Hong Kong stock passed 10 billion 500 million yuan, which only bought 800 million yuan of Hong Kong stocks and 9 billion 700 million yuan. Trading on the third day is even more tragic. On the same day, Shanghai Stock Exchange only bought 2 billion 620 million yuan, with a balance of 10 billion 380 million yuan, and Hong Kong stocks bought 260 million yuan, with a balance of 10 billion 240 million yuan.

The emergence of such a situation has undoubtedly disappointed the people of Shanghai and Hong Kong, who have fantasies about Shanghai and Hong Kong. Especially for the "bull market", the performance of Shanghai and Hong Kong through the cold door is a cold water on their heads. In the face of the arrival of Shanghai and Hong Kong Exchanges, some people in the industry enthusiastically advocated the "bull market theory", claiming that Shanghai and Hong Kong had opened the A share bull market and sounded the bull market. Even Li Xiaojia, President of the Hong Kong stock exchange, has fueled the "bull market theory" and believes that Shanghai and Hong Kong will bring about "seven hundred eight trillion dollars" for the A share market. Facing the transaction between Shanghai and Hong Kong through the first three trading days, the bull market theory is indeed a laughing stock. Does it depend on the tens of millions of dollars every day to blow up the assembly numbers of the bull market?

Of course, for Shanghai and Hong Kong Tong, people should not talk about success or failure in terms of their temporary performance. In fact, if the objective is to be analyzed, it will be very normal for Hong Kong and Hong Kong to open the door cold. After all, investors in both places need a process of familiarity and understanding of each other's market. Especially for individual investors, this process will be relatively long. Just like the investors in the A share market, it is unclear about how much the cost of the Hong Kong stock market will be, not to mention that many trading rules of the Hong Kong stock market are different from the A share market. Therefore, in this process of familiarity with and understanding of the other market, investors should be cautious in dealing with others.

Moreover, in the days when Hong Kong and Shanghai have been opened, both Shanghai and Hong Kong markets have hyped up the concept stocks of Shanghai and Hong Kong. After waiting for the opening of Shanghai and Hong Kong, the investors of the other side come to pick up the market. It is precisely because of this, in Shanghai and Hong Kong through the opening of the beginning, investors wait and see for some time, to avoid the risk of Shanghai and Hong Kong through the concept of callback, which is a very normal investment strategy. After all, in this market, no one is smarter than who, and no one is more foolish than who. Investors are clearly aware of the trap set by smart people. Who else is going to jump into the trap foolishly? Should it be smart people waiting for others to reach the heights?

Of course, Shanghai-Hongkong Stock Connect The cold is only a temporary phenomenon. I believe that with the passage of time, with the familiarity and understanding of the investors in the mainland and Hongkong, and the further improvement of the Shanghai Hong Kong pass system, Shanghai and Hong Kong will surely say goodbye to the current cold situation. The Hong Kong and Shanghai Trade Fair will gradually move towards normal, and even do not rule out the continuous use of Hong Kong and Hong Kong's quota. In fact, what Li Xiaojia said is that Shanghai Hong Kong Tong has brought the "seven hundred eight trillion US dollars" living water to the A share market, which is also a long-term thing, not just in the present.

From the current situation, Shanghai and Hong Kong through the cold is not necessarily a good thing. It reminds us not to be hot headed when we are in trouble, or should we keep a clear head. For example, Shanghai and Hong Kong pass is an important move in the reform and opening up of the A share market. However, Shanghai and Hong Kong have not changed the situation of slowing economic growth in China, nor have they solved many substantive problems including China's stock market, including money encircling the city. Under this background, we hope that Shanghai and Hong Kong can bring a large amount of overseas funds to open up a bull market in the A share market. In other words, investors are not more foolish than investors. Especially overseas investors, the bridge that we have crossed is more than the way our domestic investors have gone through, and it is really too much to overtake overseas funds to push up the A share price.