Let's talk about why foreign securities firms will be penalized at this point As is well known, two trillion dollar cap stocks will be listed on the A-share market recently One is Changxin Technology, and the other is Changjiang Storage Changxin Technology's net profit for Q1 2026 has reached 33.012 billion yuan, with an expected net profit of 66-75 billion yuan in the first half of the year According to annualized profits and semiconductor valuations, market discussions have shifted from the 1 trillion yuan level to the 2 trillion yuan level Next is the Yangtze River storage system Hurun's 2025 Global Unicorn List values Changjiang Storage at approximately 160 billion yuan We can reverse engineer which companies go public during each A-share bull market The Great Bull Market of 2005-2007: Bank of China, Industrial and Commercial Bank of China, China Life Insurance, Ping An Insurance, Bank of Communications, Construction Bank, China Shenhua, China Petroleum, China Taiping Insurance, China Railway 2009 rebound bull: China Construction, Agricultural Bank of China, MCC, China Heavy Industries, China Merchants Securities 2014-2015 Leveraged Bull: Orient Securities, China Nuclear Power, Guotai Junan, Guoxin Securities, etc. Among them, three billion dollar IPOs are Orient Securities, China Nuclear Power, and Guotai Junan 2019-2021 Structural Bull: Postal Savings Bank of China, China Railway Express, Beijing Shanghai High speed Railway, SMIC, Jinlongyu, CICC, China Telecom, Three Gorges Energy, BeiGene, China Mobile It can be seen that every A-share bull market has a large number of state-owned enterprises listed at high valuations, and this time the two companies listed with a market value of nearly 3.6 trillion yuan You guys who play Hong Kong stocks don't take orders, do you expect us to be gambling dogs in the cryptocurrency circle?