[EpochTimesAugust192021]At a time when global stock markets and asset prices are soaring, China has been strongly intervening in market operations by the government, and (causing) China-related financial assets have fallen sharply. (This year) it is China. One of the most severe years of wealth ablation in the capital market. The wealth evaporates, mainly after mid-to-late July.
According to statistics from the mainland financial circles, from January 1 to August 17, 2021, the total market value of China concept stocks decreased by US$660 billion (equivalent to RMB 4.29 trillion), and the total market value of Hong Kong stocks decreased by HK$6 trillion (equivalent to RMB 4.98 trillion) ), the total market value of A shares increased by RMB 2.1 trillion during the same period. In total, this year, the overall market value of the Greater China Stock Market (A shares + Hong Kong stocks + US stocks) has decreased by RMB 7.09 trillion.
U.S. stocks and Chinese stocks will be the hardest hit area in the Greater China stock market in 2021. As of August 17, 2021, since 2021, China Probably’s stock market value has decreased by US$660 billion, equivalent to RMB 4.29 trillion, and the total market value reduction ratio has reached 24%.
What is the concept of 7 trillion wealth ablation? China’s GDP is 100 trillion yuan. If the annual GDP growth rate this year is just 7%, it can be roughly understood that the whole country has been doing nothing this year.
As of Thursday (19th), the Chinese concept stocks and the Hong Kong stock market continued to fall, and foreign investors continued to report that they would withdraw funds from financial products related to China.
Reposted from Radio Free Asia
Editor in charge: Liu Yi
.