Why does China's capital market become the worst market in the world?

When the China (Shenzhen-Shanghai) A-share index hit a new low of 10, the Shanghai Composite Index was frequently in a hurry, and the confidence of investors in China completely collapsed. Look at other stock markets in the same global village, including the Dow, Nasdaq, Hang Seng Index, Taiwan Province Index, Japan Index and South Korea Index, but they all rose or hit record highs. Including "Asian financial crisis, 91/KLOC-0 explosion, Taiwan Strait storm" and other emergencies, the plunge point has long been trampled on.

No more than I don't know, I'm afraid.

While investors in other countries are full of money and full of ambitions, investors in China have suffered heavy losses and complained bitterly. China stock market has become the worst performing stock market in the world, and China investors have become the most unlucky investors in the world. "Stay away from drugs and the stock market" expresses the resentment and helplessness of investors.

In addition to extreme disgust, should we (especially managers) seriously think and reflect deeply? What's wrong with our market? Anything that confuses people and even evades medical treatment will not help solve the problem, but will make it more serious and hopeless.

In fact, the biggest drawback of China stock market comes from privilege. The rampant privilege has led to the abnormal stock market in China, which has become a place where slot machines, coin shredders, state-owned cash machines, investors are sad, interests are tilted, "three fairness" are unfair, fraud is prevalent, and money is the standard, which is worse than casinos. Here, investors have become the "Tang monk meat" that all parties compete for. Under the banner of management's "protection", investors are deprived of their spirit, and at best they contribute to the reform of state-owned enterprises, which makes people want to cry.