There is no such saying at present. On the whole, the domestic financial market is still controllable. In fact, many small and medium-sized banks basically have the problem of insufficient liquidity, because a lot of large funds have flowed to usury, not stocks. Now the funds invested in the secondary market are highly speculative private placements with hot money, and there are few real value investments. The funds have already intervened, which may be precisely because the stock market has been in a warm bear market for many years.

even funds that want to invest value can't raise a lot of money, and put it into blue-chip stocks without even a ripple. The banking industry has a strong periodicity, and the industry eats the dividend of economic development. When the economy grows at a high speed, there is no unprofitable business. When banks lend money, they can lie down and eat the interest difference. However, with the slowdown of economic growth, the profits of enterprises can't be guaranteed, and the borrowed money can't be repaid, which leads to bad debts.

In 21, the average growth rate of domestic GDP was above 1%, and the profit growth rate of China Merchants Bank was close to 5%, which was a very impressive state. However, after 21, the GDP growth rate gradually declined, and the profit growth rate of China Merchants Bank also dropped to about 2%. Other banks also had similar laws, and the economic growth rate was highly correlated with the profit growth rate of the banking industry. It is inevitable that China's GDP growth rate will exceed 6% in the future, plus the epidemic situation.

In fact, the profit growth rate is 18% in the last ten years, and it has remained around 15% in the last three years. The profit growth rate of CSI 3 in the past ten years is only 11%. It can only be said that the lean camel is still bigger than the horse. Even if the most comfortable period of banks has passed, their profitability may still be better than many industries. Moreover, banks are born by monopoly after all. Only in this way can banks have profits and spreads to eat and continue their profits in the future.