First of all, the conclusion is that this market trend is because the government is short of money and wants to make some money from bank depositors. The Shanghai Stock Exchange has seen growth due to policies, while Hang Seng is purely speculative.
1. The market started because major shareholders of listed companies were allowed to borrow money to buy national bonds, then use the national bonds as collateral to swap for funds, with an interest rate of 1.5%. The Shanghai Stock Exchange has a market cap of 70 trillion, and only 300 billion in loans were prepared, accounting for 0.4% of the market cap. Assuming all were issued, 2600 * 1.004 = 2610.4, the large cap will only rise by about ten points. However, the large cap has risen by 500 points at the primary level, peaking at 1000 points. If there was undervaluation before, it wouldn't be undervalued by 25-50%.
2. Strictly investigating depositors' loans entering the stock market, policies announced in just two days (8-10 of this month). Loans entering the stock market is a normal phenomenon in the market, fundamentally impossible to eradicate. Bank mortgage loan interest rates are usually 5%, as Chinese commercial banks only provide mortgage loans. If unsecured loans are needed, interest rates are usually over 15%. The hurried announcement of policies indicates that the Chinese government clearly did not anticipate the market's frenzy and various subprime loans entering the stock market.
3. After 3700 points, the large cap plummeted wildly. There are two reasons for the decline: company shareholders selling off and block orders capital outflow. This indicates that both company shareholders and block orders are not bullish on the current price. Clearly, both are long-term holders of the company's stocks, indicating a lack of high expectations for the future of the stocks by both parties.
4. Chinese local governments have a large amount of local debt and growing expenditures...

Alright folks, let’s dive into Micron’s latest earnings because, oh boy, Wall Street’s feeling all the feels!
So, Micron came in like the kid everyone thought would flunk the test but instead showed up with a B+ and an apple for the teacher. Investors had low expectations – like *really* low. You know, the kind of expectations you’d have when your phone is at 1% but you’re hoping it lasts another hour. Spoiler alert: Micron didn’t j...