An A-share market is a closed,存量市场，没有都赚钱。

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There is a big difference between the A-share and the US market, that is, the US market is an incremental market. Nvidia's stock value can always rise, and its growth has anchor factors. Based on market industry expectations and Nvidia's own performance. However, most of the companies in the A-share do not grow anymore, either no longer growing or reducing business, only a few maintain stability. The company that maintains it is still good, such as Nio and BYD. In this case, the central government has given A-share enterprises loans and specified that the loan funds must be used for the A-share. After receiving stocks in the secondary market, they borrow money from banks. The borrowed funds can only be used for the A-share. This is like flying up the stairs step by step. At the bottom, you go to the top, but at the top, you are floating in the air. So before reaching the top, the bank and major institutions will definitely withdraw, waiting to see what happens when the banks will directly pull the A-share companies' loans, no longer lending them and requiring early repayment. Then it will be踩踏, where散户、企业和彼此踩踏。Smart businesses will certainly leave this game earlier, just make some profits, foolish businesses and most散户最终将是接盘的命运. This trick is exactly the same as the one in Guangzhou those financial teapots, only replacing the tea cakes with stocks, repurchase agents replacing the original company, and the same thing.