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In addition to the cryptocurrency market and US stocks, the A-share market is also performing well.
Today, the A-share market officially broke through the high point of 3683 reached on October 8 of last year.
However, platforms like Douyin, Weibo, and Zhihu do not have trending topics related to A-shares; Zhihu's A-share trending topic ranks fifth. In contrast, during the same point last year around the National Day holiday, Douyin, Xiaohongshu, and Weibo all had trending topics about A-shares.
The prevailing attitude towards A-shares is a "slow bull" market, gradually moving towards a US-style slow bull, rejecting a crazy bull market.
Since the fermentation around last year's National Day in October, A-shares have been on a downward trend in October and November, and the central government has strictly cracked down on self-media stock speculation on platforms like Douyin, banning a number of financial bloggers who promote stocks (my financial video account also has very little traffic...)
Since November of last year, I have been very firm in my attitude towards a slow bull market, and after a year, A-shares have finally reached a new high.
Here’s a data point: China's M2 has reached 160 trillion, and there are many savings among the Chinese people, especially among older generations. However, neither interest rate cuts nor government subsidies have been able to promote cash circulation.
Clearly, boosting the stock market is a good way to go; China's financial market is moving towards a US-style model.

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