A-shares are the worst in the world**, with more than ninety percent of investors losing money. The reason for such an unbearable situation is all due to the China Securities Regulatory Commission.
The listing system, refinancing system, and restricted share lifting system formulated by the regulatory authorities are all biased in favor of the financing party. The financier does not need to provide investors with any returns, and can easily go public for financing, or even refinance multiple times, and the restricted shares can be lifted as long as they reach the agreed time**.
It can be considered that it is the incompetence or viciousness of the regulatory authorities that leads to investors who can only do big wrongs in the ** transaction, as long as the financing party is willing, they can harvest at any time.
Financing that does not provide dividend returns is meaningless for investors, it is completely a hooligan, and the financier is full of **.
The lifting of the ban on restricted shares is not linked to the dividends of tradable shares, and it is still a hooligan. Only when the dividends of tradable shares are greater than the financing, the restricted shares are allowed to be gradually lifted, which can be said to protect the interests of investors, otherwise it is a robbery of investors.
Refinancing is even more hooligan, and investors are completely like an ATM for them, ready to take at any time.
Investors do not reject the financing function of **, but refuse fraudulent financing, and also refuse to lift the ban on restricted shares of inferior listed companies. These inferior listed companies have poor profitability, cannot provide returns to investors, do not deserve to have the qualifications for the lifting of the ban on restricted shares, and even allowed them to be listed in the first place.
If only high-quality companies are allowed to go public for financing, strictly restrict the lifting and refinancing of restricted shares, and strictly control the short-selling mechanism, China's ** will be much cleaner.
According to China's economic strength today, as long as the garbage that hinders the healthy development of the index is completely removed, A-shares have the ability to launch a wave of long-term bulls, and the index can reach a new all-time high.