Rationally face market fluctuations and look for investment opportunitiesRecently, the A** market has continued to fall sharply, which has put investors under pressure. In the past week, the Shanghai Composite Index has hit a new low since the three-year adjustment, which is unacceptable. As a result, many investors have suffered heavy losses and are depressed. However, I still firmly believe that by rationally analyzing the current market, we can find the direction of investment. The January 2024 a** field is very similar to January 2021, only in the opposite direction. In the process of the market, I have always remained rational and have not changed my investment philosophy because of market fluctuations. I used to say that the market is not expensive, then I thought that the market became cheaper, and now I think that there is an opportunity for the market to overshoot. This is not my assumption, but based on an assessment of the intrinsic value of the company. Although the current economic situation is not ideal, I think this round of the market** is mainly due to liquidity and emotion, rather than fundamentals. Manufacturing PMI data showed that the official manufacturing industry was still in contraction territory, but it was better than the previous month. The Caixin manufacturing PMI has been higher than the boom and bust line for three consecutive months, indicating that exports and services have recovered to a certain degree of prosperity. In addition, in this round, some institutions and financing disks were forced to reduce or close their positions for various reasons, triggering a chain reaction and a chain reaction. This often happens at the end of a bear market, when the market accelerates to find the bottom and clear out. For those investors who can't survive this storm, they lose the opportunity to wait for the future. Refinancing is not the cause of the market. The short-selling mechanism actually helps to limit speculation and maintain market stability. Therefore, we cannot blame the market's ** on the shorting mechanism. For the big bottom of this bear market, I firmly believe that 2666 points is likely to be this bottom, with a probability of more than 80%. Although this judgment is not necessarily accurate, I think it is a point worth paying attention to. We need to understand that the market is always in flux, and volatility is the norm in the market. We can't be blindly pessimistic because of the market, nor can we be blindly optimistic because of the market. In investing, we need to be rational and not be swayed by market fluctuations. The bottom of the market is a range, not a specific point. Therefore, we cannot expect the market to stop falling at a particular point**. On the contrary, the market needs to stabilize within a range for a period of time before a bottom can gradually form. The bottom of the market is formed by a combination of factors. These factors include policy factors, fundamental factors, technical factors, and so on. Therefore, we cannot rely on just one factor to determine the bottom of the market. We need to take these factors into account and make correct analysis and judgment. 2666 is likely to be the big bottom of this bear market. Of course, this is only a more likely judgment. In investment, we need to remain rational and cautious, continue to learn and summarize lessons learned, and constantly improve our investment level and ability. Let's take a look at the big events that happened today: First, Amazon rose nearly 8%, Bezos may hold up to $8.6 billion in Bezos may hold up to $8.6 billion in Amazon's shares, and its trading plan has not been implemented since November 2021. Amazon's shares surged nearly 8% on positive quarterly earnings reports. Bezos may choose to reduce risk or invest in other projects**. The market is closely watching its movements. 
Second, CIOB Academy expands its business scope by expanding its payment facilitiesCIOB Academy expands its payment facilities to accept payments in US dollars, Hong Kong dollars and euros, making it easier for construction professionals around the world to access training. The academy offers internationally recognised qualifications, bespoke in-house training, e-learning modules and ongoing development. Leadership and management training courses are also covered. The expansion of the business reflects the college's support for individuals and organizations around the world. 
Third, 186.7 billion funds were greatly absorbed, and **-type ETFs had a net inflow of funds for four consecutive weeks**-type ETFs had a net inflow of 186.7 billion yuan for four consecutive weeks, and CSI 300 ETFs were popular. In the midst of market volatility, dividend ETFs have resisted declines, while small-cap ETFs have been sharply**. Investors prefer ** index ETFs, especially broad-based ETFs such as CSI 300 ETFs. These ** have had a net inflow of funds for four consecutive weeks, with a cumulative inflow of 186.7 billion yuan. For investors who pursue long-term returns, a good ** ETF is a good choice to grasp the long-term trend of the market and achieve asset appreciation. Fourth, Nvidia's H20 chip for China has been accepted for pre-orderNvidia's "special version" of AI chip H20 for China has been accepted for pre-order, and the product form includes a computing card and a server equipped with 8 H20 computing cards, **More than 1.5 million yuan. The dealer thinks that ** is "inflated" and has not decided whether to purchase or not. The H20 is a "special" version of Nvidia for the Chinese market and is designed to comply with new U.S. export control rules. The performance is about one-sixth of that of the H100, and it is not cost-effective. In addition, Nvidia also plans to launch L20 and L2 chips for the Chinese market, neither of which are currently sold on the official website. Fifth, CITIC Securities Q: The deterioration of trading has led to the market falling into a liquidity cycle chain negative feedback process again, and the current A** market has fallen into a liquidity cycle chain negative feedback, mainly due to the deterioration of trading. February is an important observation period, and strong external intervention or actual policy measures are needed to boost market confidence. In terms of configuration, it is recommended to pay attention to the bonus blue chips. The low-volatility and high-dividend sectors of central enterprises catalyzed by institutional conservative position adjustment and the assessment reform of the State-owned Assets Supervision and Administration Commission are the main lines. After the negative feedback is blocked, pay attention to the high-performing blue-chip varieties in the technology, medicine and new energy sectors. Sixth, Huawei regained the top spot in the Chinese mobile phone market in the first two weeks of 2024 thanks to the best-selling of its Mate 60 series phones and the successful launch of brand loyalty and the HarmonyOS operating system. At the same time, Chinese brands are also moving into the international market, eating into Apple's market share. 
February** Dynamic Incentive Program