"Chinese stocks" are a concept sector in Tonghuashun. Stimulated by some news, this sector has risen by about 6.5 points in the past two days. With this increase in the sector, it can be called strong.

Yesterday at noon, a fan sent me a private message telling me that the new main line was coming, and the Chinese characters were starting to begin. I didn’t chase them, and I was a little dissatisfied. This is a manifestation of not liking this section from the bottom of my heart.

I chased after it today, and I also wanted to get it away just by taking it. I can't be here.

Let me tell you about several reasons:

1. There are few state-owned enterprises that do market value management. The rise and fall of stock price is of little significance to management to grassroots employees. They are all workers. These people cannot rely on their own conscious efforts to do things that have nothing to do with them.

Why do private enterprises care about market value? Because the boss itself holds a large number of stocks and , which is related to wealth, especially those with stock pledges. If the decline is too much, it is easy to close the position and liquidate it.

2. Most of the Chinese characters have too much market value, and a large amount of trapped shares have been accumulated. It is difficult to rely on hot money to raise it up with , and no one is willing to do it.

3 and profit growth is at a long-term low, and dividend is not high. Currently, the overall valuation of A-share central enterprises is about 8 times. It is undeniable that the valuation is very low, but you must understand that the growth of these companies is also very low. Some of the high dividends performed well, such as Kweichow Moutai and Yangtze River Power , but these explosive powers were not strong. If these state-owned enterprises can increase the dividend ratio, it will attract some long-term investors and their valuations will be increased accordingly. Unfortunately, most companies do not have this attribute.

Finally, the market for "Chinese characters" is difficult to sustain, and the popularity will pass soon. Don’t chase anyone who is not in the car, get off in time if you are not in the car. Let me talk about the investment opportunities in

. Some of the ones that start with "medium" are not state-owned enterprises, and their market value is very small, so they may take advantage of the popularity. But you must stop when you see it is better.

Personal opinions, for reference only.