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1. the “big appreciation” of the rmb! the rmb exchange rate has been advancing rapidly, reaching the 7.0 mark, an increase of 3% from the high in may! a-shares hitting 4,000 points after the national day seems to be just around the corner. in fact, as early as august, as soon as signs of the federal reserve's interest rate cut emerged, the rmb exchange rate stopped falling and rebounded.

as soon as the warm wind of the policy blew, the rmb exchange rate continued to rise. now that the rmb is appreciating, it is conceivable that with the strengthening of the rmb, the popularity of the stock market, and the loosening of the property market, those foreign trade companies with funds flowing overseas and a pile of u.s. dollars saved in their hands will definitely be eager to exchange their u.s. dollars for the rmb rushed into the stock market and property market to hunt for the bottom.

2. the rise of a-shares must be done slowly, so that the real money will be gained.

slowly rising prices are the way to go. excessive rising prices are unhealthy. but even if we did what we should do, the index still couldn't hold it down, and there were too many small retail investors who wanted to buy.

i am not only bullish, but also a pioneer in bullishness. on the first day of the sharp rise, i was strongly bullish, a very determined bullish view. and i said it clearly in advance and in a tone that left no room for doubt.