1. Domestically, China's economy has entered a transitional stage from high-speed growth to high-quality development. It is more and more obvious that the strong are always the strong. The leading companies in the industry have more resources, stronger research and development capabilities, stronger core competitiveness and better liquidity than the companies in the second and third echelons.

2. The concept of "value investment" has been repeatedly emphasized in recent years. Those behaviors of "speculating concepts and chasing hot spots" are gradually suppressed and restrained, and the investment ecology of A shares is gradually purified in the voice of "value investment and long-term investment".

3. From the perspective of international factors, China's core assets generally have high stability and high ROE, and their attractiveness is gradually increasing, which can be seen from the enthusiasm of foreign investors to allocate A-share "core assets".

Therefore, under the superposition of various favorable factors at home and abroad, the statement of embracing "core assets" has aroused strong condemnation.