As early as 2023, I read Liu Jipeng's "Building a Fair and Just Stock Market from Wealth Distribution," and I didn't expect that in 2026, he is still seriously contemplating a "good stock market that benefits everyone!"

This thing, if you think about it with your toes, you know it's impossible because the A-share market is essentially not a place that distributes money.

The Chinese stock market is primarily a financing market, and secondly an investment market. The management and retail investors certainly cannot be on the same front. You need to first understand the purpose of the stock market's establishment to know how to play.

Therefore, retail investors must deeply understand the words "financial consumers." It's fine to engage in leisurely wealth management, but if you expect to get rich, you're done for.

As for reform, it can only be forced when no one is playing; now that everyone is rushing in, is there still a need for reform?

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