The possibility of making major adjustments before the stock index futures come out is getting smaller and smaller. Another is that the main force continues to rise, waiting for the introduction of stock index futures. Three to six months after the launch, that is, early next year, the index will be suppressed with spot and futures. In this case, it will fall a lot quickly.
But this is only a correction in the bull market, because the fundamentals that led to the bull market have not changed: the RMB ratio, which is still seriously undervalued, will still attract foreign hot money, and the huge state-owned shares in the hands of the state still need to be cleared slowly. At present, the idle funds in the market have not been fully mobilized. When people around you stop doing business and mortgage their houses to speculate in stocks, the collapse will not be far away.
It will be adjusted during the year and will collapse after three or five years.