Our securities market has a history of less than 20 years, but now the total market value of listed companies and markets has ranked among the top in the world. In the face of such a development, the management must be very clear. We will not only help more enterprises to go public for financing, but also improve market defects. Since 2007, we have successfully implemented the full circulation of stocks. This year, we will launch stock index futures, and the international version will be launched in the future. Every move will cause market fluctuations. The management also understands that there will be various situations and will allocate corresponding policies and measures. In the past 20 years, we have clearly seen that the so-called "policy city" has been widely recognized by the majority of market participants, and even taking policy orientation as the most important factor for investment success.

I think the management in China has its own tolerance bottom line, that is, we don't know. I remember, at the press conference at the end of the two sessions, Premier Wen also talked about the double dip in China's economy. At present, it is an urgent task for governments at all levels to control the excessive rise of real estate, which will definitely affect the development of corresponding industries. At present, the fundamentals are mainly cooling down and controlling GDP at the expense of cyclical industry development.

I have seen the market trends of stock index futures in many countries before and after the launch, and I also think that after the launch of China, there will be a period of decline under the short-selling mechanism. However, this trend is unexpected now. Technically, there is still a lot of room for such a bad K-line combination to fall. Whether 2245 is the bottom line of management needs attention.

Therefore, we must pay attention to policy orientation, and at present it is still dominated by money. At the same time, I sympathize with many gay friends who entered the market without a stop loss in 2007. My suggestion is that there is no need to go out again at present. There will be another 5,000,600,8000 points in the China market. Wait a few more years!