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The IPO has started to blow again, and some economists said over the weekend that IPO should be normalized. Today, there are brokers who explain that IPO is expected to pick up in 2008. Next year's IPO will pick up, basically picking up. Up to now, there are 92 IPOs listed this year, and this year there are about 100.3. Tian Xuan: The China stock market is dominated by retail investors. This is not a healthy capital market. The bull market of US stocks is because retail investors no longer trade in person but invest through institutions.

A healthy capital market is that both the investment side and the financing side can develop in a balanced way, and the stock market can get out of the bullish market. There is no fraudulent issuance, no financial fraud, no illegal reduction in size, no manipulation of the market, and no constant thinking about cutting leeks. This is a good ecological environment.Our Public Offering of Fund has also experienced several rounds of great development, and now it has exceeded 32 trillion yuan. In 2022 and 2023, it made the first loss for two consecutive years. In 2024, the stock market returned to 3400 points from 2635. Three years ago, there were still many losses in the net value of 3731 funds, but as a retail investor, you can make money by buying a cosmic bank casually, or you can buy an index fund to make a fixed investment, so you won't still lose money now. Now some institutions are no different from ordinary retail investors.3. Tian Xuan: The China stock market is dominated by retail investors. This is not a healthy capital market. The bull market of US stocks is because retail investors no longer trade in person but invest through institutions.

The latest news! I just learned that the news tonight was a bit shocking, which made me unbelievable and stunned. Just now, three important news came out from the securities market, especially the third one, which made me so worried! Simply talk to 300 million investors and give some reminders to investors:2. Chen Guo: A-shares born in the 1990s have their own temper attributes and are not suitable for all-round benchmarking of US stocks at once.