Then why can't fund managers trade stocks? -If the fund managers buy stocks themselves, the China stock market will be finished, and investors in China will be finished.

The reason is this. Fund managers' funds range from several billion dollars to tens of billions of dollars. As long as you spend more than one billion to manipulate a stock (small-cap stock), it is not a problem, that is, he can control the rise and fall of this stock. When the fund injects capital, the stock will rise; When the funds are withdrawn, the stock will fall.

It is precisely because of the huge capital and high-level investment and research team that the fund's income will exceed the income of ordinary retail investors investing in stocks.

For example, the investment research team of a fund company decided to invest in A shares after analysis. Then, after the fund injection, A shares will definitely rise. The fund manager certainly knows which stock A is. If he buys this stock himself at this time, can he not make money? And his income is entirely the money of the broad masses of the people. Do you think this is fair? Would you be satisfied if he earned 1 100 million with your money before giving it to you 1000?

The behavior of fund managers using inside information to open positions is called "mouse warehouse", and it is also the object of severe crackdown now.