The reasons why China Petroleum A shares have been falling since listing should be observed from six aspects: 1. The IPO price of PetroChina H shares in Hong Kong is 1 yuan, and the highest price is 16 yuan. Buffett buys one yuan, and 14 yuan sells it. How much should all PetroChina investors in Hong Kong earn? Think about it, where does this earned money come from? 2. The funds raised by PetroChina's listing in the United States have not paid dividends to American investors. Where do you think this dividend came from? 3，。 China Petroleum buys Russian crude oil at a high price every year, so how can we dig up the meat to fill this big hole with this huge loss of money? 4. Where does the corrupt officials at all levels of PetroChina come from? Isn't it just relying on mountains to eat water? 5. PetroChina's listed A shares have begun to be positioned for alms, not for investment to generate income. 6. Except for a few A-shares of China Petroleum, which were won at the beginning and sold a little on the same day, it can be said that no one made any money by buying tickets in the secondary market. Therefore, there are two kinds of investors who buy PetroChina. One is rich and patriotic, that is, donating money for the country is purely for the country. The other is a complete fool who knows nothing about investment and wants to make money from buying PetroChina A shares. Therefore, to understand PetroChina A shares, we must look at them from the perspective of political economy, not from the perspective of market, otherwise you will never understand them!

No one gives you an explanation. The stock market never believes in tears, nor does it care for investors who lose money. There is a difference between the decline of PetroChina and banking stocks. PetroChina was mainly overpriced, with the opening price of 16 yuan, which rose to 48 yuan that day, and then plunged all the way. The main reason is that some people have positioned PetroChina's share price too high, which has already overdrawn its future growth. Since the opening of PetroChina, there has been a bubble. In addition, PetroChina has suffered losses for years, and the state has to subsidize it. Such stocks can't be expected to rise.

I have a brother named Zhang Xuezhong. He is in the business of repairing photocopiers. He invested all his usual savings in PetroChina. He bought it in the range of 11-13 yuan. Originally, he thought that PetroChina fell below the 16 yuan issue price, which was definitely a chance to speculate. Unexpectedly, PetroChina has only fallen to 4.9 yuan now. In a word, this stock is not worth the price. You must buy a bubble. Who can blame if you lose money?

many bank stocks keep falling after listing, mainly because the plates are too big for the outside funds to pry up. In addition, the bank has so many mortgages and the leverage is too long. What if the house price falls? There are also local government financing platforms, state-owned enterprises, private enterprises, etc. all owe a lot of loans to banks, and the market is worried about the future of banking stocks, so even if they break the net, they are unwilling to buy them.

Investing in stocks is an expectation, and the stock prices of PetroChina and Bank are short of future imagination.

PetroChina, one of the most famous stocks in China, is listed under the aura of Asia's most profitable company, but its share price is the lowest all the way after listing, and it has become a paradise for the players. Just like PetroChina in Man Cang, if you do hold PetroChina shares, you will be as ugly as you are.

When PetroChina goes public, it is the most exciting time for the fund to launch a big market, and PetroChina is on sale at a price of about 16. As high as around 48 yuan, it fell all the way to 4.2 yuan, which is less than one tenth of the historical high. The damage caused by such super bear stocks to the market is unspeakable.

The reason why the stock price plummeted was that the market was too crazy at that time, on the other hand, PetroChina's profitability plummeted, and the most profitable company in Asia was gone. China Petroleum disclosed a quarterly report with an operating income of 59.98 billion yuan in the first quarter of 22. The net profit attributable to the shareholders of the parent company is a loss of 16.23 billion yuan. The loss of PetroChina is caused by both the falling oil price and the rigid system of central enterprises.

unlike PetroChina, the bank's profitability has been amazing, and the bank's performance still increased in the first quarter. However, the decline in the bank's share price is similar to that of the stock market, that is, the function of supporting the real economy has been strengthened, and the stock market's support for the real economy is not recognized by investors in the IPO and refinancing rhythm and scale market, and the bank's support for the real economy has narrowed the net interest margin brought about by the downward trend of LPR.

There is nothing wrong with the stock market or banks supporting the real economy itself. The key lies in mastering the problem. The stock market needs a balance between investment and financing, and banks need to maintain a reasonable profit growth. However, without a comprehensive interest rate cut, the LPR interest rate has dropped by dozens of basis points.

on August 2th last year, the LPR quotation under the new mechanism was published by the National Interbank Funding Center entrusted by the central bank, in which the one-year LPR interest rate was 4.25% and the five-year LPR interest rate was 4.85%. It is 1bp lower than the benchmark interest rate of 4.35% for one-year loans and 5bp lower than the benchmark interest rate of 4.9% for five-year loans. The latest 1-year LPR is 3.85%, and the LPR over 5 years is 4.65%. Calculated, the one-year LPR interest rate has dropped by 4 basis points, and the five-year interest rate has dropped by 2 basis points. The downward interest rate is equivalent to the narrowing of the bank's net interest margin and the loss of bank profits.

Since the LPR reform, the bank's share price has basically been in a unilateral downward trend, with no good performance. With the impact of the epidemic, the downward pressure on LPR interest rates has increased, and the downward pressure on bank assets has increased, making the bank's share price performance worse. After all, the future growth of bank performance may be negative. Under the suppression of policies, banks have too little room for imagination.

Finance and real economy are interdependent, but how to balance interests is a difficult problem. In the future, the bank's stock price trend is likely to remain relatively weak, and the foundation for taking the bull is not yet available.

the rise and fall of stocks is also determined by the relationship between supply and demand. When you need to buy more than you sell, it will go up, and vice versa. Petrochina and many banking stocks, due to the huge number of issues. Therefore, it is not easy to cause the situation that buying is obviously more than selling. It is not easy for prices to rise strongly. One more thing, there is no strict dividend system in China stock market. In other words, if the stock price cannot rise, investors often have no other income. This has caused investors generally not to hold a stock for a long time, especially the stock that keeps falling. These two points make it difficult for such stocks to rise.

no one will explain to the shareholders! It is precisely the investors themselves who can explain it.

I'm not afraid to expose myself. The first stock I bought after I entered the A-share market in 27 was 61857 China Petroleum, with an average price of 32.195. After that, I held it until July 29, and sold it at an average price of 14.9, which was about a loss of 55% including dividends during the period! Now the stock price is even lower, only 4.25! The lesson is very painful! I've been thinking about myself for a while.

1. Compared with many peers, I entered the stock market relatively late. During the bull market in 26-27, many colleagues, relatives and friends around me were buying stocks, and many people did make money. It was under the influence of people around me that I opened an account after the National Day in 27. At that time, I didn't engage in industry research, and I basically had no contact with listed companies. It was just that everyone said that stocks could make money, so I opened an account.

3. It was only in 29 that I really began to reflect. I took 1, yuan to invest without knowing anything about stocks, which not only ignored what the brokers said when educating me about investor risk, but also failed to respect the investment from the heart. If something happens, I can do it well without knowing anything about my major, then there is no reasonable explanation except luck.

4. Later, after I gradually came into contact with this industry, I realized that in fact, most of the risks were warned in advance, including the fact that some listed companies have made frauds, which caused their share prices to plummet. It is not without a trace. It is just that some people, with the purpose of "seeking wealth and risk", take a millet from the fire and naturally lose with a high probability.

5. Especially with the growth of age, we will gradually find that compared with the more cruel social reality, the stock market is actually a fairly fair place. The more indifferent and steady people here, the easier it is to succeed in investment. Those who are not down-to-earth and fantasize about getting rich quickly will mostly be called stepping stones on others' success, fresh leeks under the sickle!

therefore, it is unreasonable to account for the loss in buying PetroChina.

why should we give an explanation to the shareholders? If you lose money by buying stocks, you need to find someone to explain. When you make money, do you give it to others?

For example, some people who bought a house in the past quit after the house price fell, and then went to make trouble and demanded compensation. Then, when you bought a house, the house price went up, and you made money, would you give it to a real estate company or a real estate agent?

it's obviously not normal to only earn by yourself and not compensate by yourself.

The stock market is risky, so you need to be cautious when investing. These ten words are not an empty slogan. This is what investors really need to understand.

risks in the stock market are everywhere, but these risks need to be borne by shareholders themselves. As long as the listed company doesn't cheat, as long as the listed company doesn't do anything illegal, then whether you buy PetroChina or bank shares, you will eventually lose money, which is your own choice, and it has nothing to do with the listed company, let alone the management.

after all, investors still lack risk awareness. Many investors don't realize that the stock market is a high-risk investment place. Any stock market in the world is not a sure place to make a profit.

What the stock market can do is to provide you with a fair trading environment. In the end, whether it is a loss or a gain is the responsibility of the investors themselves.

it seems a little cold-blooded to say these words. But it's a fact. If you blame the bank stocks for not rising, then you can buy some other stocks, because not all stocks in this market are not rising.

actually, you lose money by buying PetroChina, mainly because you don't understand that PetroChina is already in the sunset industry period. New energy substitution is the general trend in the future. Who can you blame for losing money because you don't understand the industry trends? I can only blame myself for not studying hard and investing.

we take the responsibility for the loss on ourselves. Blame all kinds of external factors, then we will never make money in the market, because there is no savior in the world and we can only save ourselves.

this explanation is very problematic. I am also a stockholder, and I will be indignant at the stock price falling or even not returning to my capital for a long time, but this is the case with stock investment. Please admit that you have lost. Stock investment is different from debt investment

If you buy bonds and the issuing company can't repay the principal and interest, then the company must make an explanation, and creditors can even apply for bankruptcy of the company and ask it to pay back the money.

Stock investment buys equity. If you buy stock, you will become one of the owners of the company. If your own things don't go up, who will explain it to you?

you can ask the management to explain it to you at the shareholders' meeting, but people have come up with performance reports to tell you that banks make money every year. What are you talking about?

in addition, PetroChina and banks pay dividends every year, and stock investment is supposed to pay dividends. It is your own choice to earn the difference, to speculate, and to blame others after being trapped. What logic is this? Have you ever thought about telling others when the stock goes up?

If the stock goes up, will you ever think about the feeling of the receiver after you sell it to make money?

since you choose to invest in stocks, you should be prepared for long-term losses, and you can only blame your stock selection strategy. When buying stocks, have you read hundreds of pages of financial reports every year? Have you ever understood the company's operation mode and done industry analysis?

if you don't have any, it's just a gamble. It's just bad luck to lose the bet, and no one has the obligation to explain it to you.

The above reply language is a little extreme, but the words are not rough.

You're almost at a loss on this question. You'll have to answer for it if you lose money? You haven't seen so many performance frauds. The delisting companies have made countless investors lose their blood and suffered heavy losses. In the end, they didn't get any compensation. Compared with these, losing money in the stock market is simply too normal.

if you want an explanation, then I think it can only be you. Every stockholder who enters the market should know that stock trading is risky, especially our China stock market, which has been in the normal state of making one profit, two draws and seven losses for a long time. If you lose money, you should give it to others.

As for the PetroChina you mentioned, it has been falling continuously since its listing. This stock can really be said to be a nightmare for countless investors. At that time, when it was listed, PetroChina was the most profitable enterprise in China, which was greatly overestimated by the market. You don't have to worry about buying PetroChina.

But the fact is that countless people are surprised. Unbelievable, from the highest point of listing to the current continuous low, the decline has reached more than 95%. It can be said that listing is the peak. It is estimated that those who hold PetroChina shares at a high point will never get rid of it in this life and in the next life.

A shares have remained below 3, points for ten years, that is, the illiquid blue-chip drag index, which is the chief culprit of A shares!

It is true that the Shanghai Composite Index has not risen in the past 1 years, and the actual time has not risen for more than 1 years, reaching 12.75 years. That is to say, if an investor bought the Shanghai Composite Index 12.75 years ago (if there is such a product), the return will be zero after 12.75 years. If this investor bought it at the historical peak in 27, the decline will still be 51.77% in almost 12 years, and the current assets are less than half of that at that time.

As the compilation of the Shanghai Stock Exchange Index is dominated by PetroChina, MCC and China Construction, and the compilation of the Shanghai Stock Exchange Index is irrational, we use the reasonably compiled Shanghai and Shenzhen 3 as the observation object. But there is no essential difference in the conclusion. Although there are gains in 1 years, the gains are small and you can't win bank deposits.

Therefore, Xiaolu Finance also strongly demands that the A-share index be rearranged, and the big blue chips that are constantly falling and not flowing should be eliminated, and some growth-oriented technology stocks should be added, so as to reflect the directive function of the A-share index to the stock market, otherwise A-shares will remain below 3, points in 3 years!

the supply exceeds demand, and the new share issuance is normalized.