Some people should think that the decline is caused by the reduction of major shareholders, but think about it carefully. If major shareholders expect A shares to rise in the future, will they immediately reduce their holdings? Besides, those who think that the reduction of major shareholders is a huge negative fund must leave early and sell together a few days before the appointment. In the end, no one can escape from bombing.
Therefore, the market of 16 in previous trading days just tells you that most of the funds are not optimistic about the market of 16, the reform of A-shares and the economy of China. There are very pessimistic expectations for the investment in 16. If the fuse doesn't blow, it will fall, which is also a thousand shares limit.
Personally, I think that those funds are not optimistic because of the substantial expansion of A shares: registration system, science and technology innovation board, new share issuance and the return of China Stock Exchange. In the absence of obvious incremental funds, it is strange that the stock market does not fall. I'm afraid the only incremental funds we can trust are pensions. Personally, I feel that the time to restart IPO after the stock market crash is a bit too fast, and the market has not fully recovered its confidence. Later, the registration system and the science and technology innovation board were announced so quickly, which was already a big step, and it was still an egg. How can a market without confidence provide financing function?