People who play stocks are pickers

In February of this year, Kyle Bass, founder of hedge fund Heiman Capital Management, made surprising remarks, saying that the equity loss of China's banking industry could reach 3.5 trillion US dollars (about 23 trillion yuan). Societe Generale's latest report pointed out that the overall loss of China's banking industry may reach 8 trillion yuan, equivalent to 60% of the capital of commercial banks!

What is worrying is that some non-performing loans are also converted into shares in the guise of normal, special-minded loans to banks. After the banks take over the market, they exit through capital operations such as the stock market. In the end, it is the society that takes over the orders for these enterprises that have been "suspended". Funds are still our people!