the most fundamental reason for the sharp drop in China stock market is insufficient consumption.

because of the epidemic, everyone has no money and no desire to spend. When no one is willing to spend, enterprises are no longer willing to spend too much money on marketing. In the end, the Internet giants who are highly dependent on TO C market advertising and goods delivery mode are all hit by weak consumption.

At the beginning of the year, the crash of China Stock Exchange was people's concern about the anti-monopoly policy and wealth, but this crash was people's concern about the fundamentals of Internet giants. In contrast, most of the enterprises in China's Big A belong to the real economy and manufacturing industry. In addition, the optimistic policies of the top authorities have stimulated the demand of entities, so it is not surprising that there has been a sharp drop in China's stock market and a sharp rise in the domestic stock market.

1. China General Interconnection refers to E Fund's CSI overseas China Internet 5 trading open index securities investment fund products.

2. The E Fund was established in 21. Through market-oriented and professional operation, relying on the capital market, it provides asset management solutions for domestic and foreign customers and strives to achieve long-term sustainable return on investment. As of December 31, 221, the company's total assets management scale exceeded 2.7 trillion yuan, and it is a leading comprehensive asset management company in China. Its customers include individual investors and various institutional investors such as social security funds, pensions, large financial institutions and overseas central banks.

3. since its establishment, the company has always focused on asset management business, and based on the investment philosophy of "in-depth research drives and time precipitates value", it has made a comprehensive layout in investment fields such as active rights and interests, indexes, bonds and alternative assets, and has created good returns for customers with standardized management and sustained and stable performance for many years.

4. The company adheres to the principle of putting the interests of customers first, takes the mission of "discovering value and creating the future", adheres to the standardized, steady and open business philosophy, and is committed to building a "world-class asset management company worthy of long-term entrustment".