The problem of the stock market cannot be solved in the short term, and it is a foregone conclusion that the stock market will be overthrown again. I will see around 1800 before the relevant policies are issued. In the property market, due to the stock market decline, the money that residents can spend has shrunk dramatically, which directly affects the property market transaction. At the same time, high loan interest makes residents unable to buy houses. After 80s and 90s, their wealth has not accumulated, so it is impossible to support the excessively high property market, so the decline is inevitable, but in the medium and long term, the property market will still rise, which is influenced by the country's long-term economic growth.

How does the stock market develop specifically? I think the country can make full use of the introduction of stock index futures, so that institutional investors can hedge through this futures and reduce losses. But the country has been slow to push? What is the reason? I think the country seems to want to solve the problem of non-size, but what it really wants is to solve this problem through the stock market decline, through "shock" therapy, and through sacrificing a generation of shareholders. This practice has also happened in the previous share reform. At the same time, the decline of stock price is in the national interest, because if the country wants to go public as a whole and integrate central enterprises, too high stock price is not conducive to holding shares (I don't know if you understand this, the lower the stock price, the more shares will be issued, which is beneficial to the national equity control, and SASAC will definitely like to do so).

So my conclusion is that the country wants the stock market to be stable, but the real action is actually to hope that the stock price will fall, and this decline should be of the nature of reinventing the wheel. It is a substantial positive and substantial action to really launch futures.