In the case of the collective decline of the three major indexes, I think the biggest winner may be the China Stock Exchange. This is mainly because China has reached an agreement with the US Securities and Exchange Commission before, forming a preliminary agreement, which is to supervise the financial reports of our listed companies in the United States. Although this agreement has not been finalized so far, it is clear that both sides have found a step that will allow the US stock market to continue to accept China Stock Exchange and at the same time let China Stock Exchange continue to survive.

1. Why did the three major indexes in the United States fall? The reason for this is mainly because the chairman of the Federal Reserve announced that he would continue to raise interest rates, saying that inflation in the United States is still serious at present, so they continued to raise interest rates in a short time and recovered the dollars circulating in the market from the outside. In order to reduce their debt pressure, many investment and brokerage companies will choose to withdraw dollars from the stock market and investment and return them to the Federal Reserve. This will lead to a decrease in the number of dollars circulating in the market, which will naturally lead to a decline in the three major indexes of US stocks.

Second, who is the biggest winner of this decline? Judging from the current market performance, Pinduoduo actually rose by 15%, and other Chinese enterprises also rose. It can be seen from here that the agreement between the two sides is still very credible. After all, the market is the best witness. When others were not optimistic about American companies, the money flowed to the China stock market.

Third, how do you view this decline? First of all, this decline is only an accident and will not last, although the Federal Reserve said that it will continue to raise interest rates firmly in the future to recover the US dollar. But this does not mean that the United States can control inflation by raising interest rates, because if interest rates are raised continuously, investment will be damaged, which in turn will affect employment and domestic capital flows. So in the next few months, if raising interest rates can't change this situation, they will choose another financial policy.