Who is being taken advantage of in China's stock market?

Author: Shi Pi
Publisher:
Publish Date: 2005-05-01
Features: The ecosystem of the stock market is fragile. This fragility is not only reflected in the annual "big player consumption year," "institutional consumption year," and "brokerage consumption year," but also in the danger of the food chain breaking. If we consider the performance returns generated by listed companies as grass, we will find that retail investors have nowhere to eat "grass." Overall, the dividends received by investors from listed companies are insufficient to cover transaction fees. In an ecosystem without "grass," big fish can only eat small fish. If small fish are eaten out, big fish will inevitably turn to eating each other, and ultimately, even the big fish will perish. For the Chinese stock market to develop healthily, it must change its ecosystem and transition from a speculative market to an investment market. In this process, countless investors are destined to pay the price of sacrifice, becoming someone else's meal. Who are the prey in the Chinese stock market? It includes retail investors, big players, and institutions. Who are the ones preying on the Chinese stock market? It includes brokers and listed companies, of course, as well as investors themselves. Who is the fish and who is the knife? It depends on the times. Who can say for sure?