Let’s talk about why foreign securities firms are being penalized on this node. It’s well known that two trillion-yuan-market-cap stocks are about to list on the A-share market: ChangXin Memory Technologies and Yangtze Memory Technologies. ChangXin’s net profit for Q1 2026 has already reached RMB 33.012 billion, with an estimated full-year net profit of RMB 66–75 billion for the first half. Based on annualized profits and semiconductor valuations, market discussions have escalated from a RMB 1 trillion valuation to a RMB 2 trillion valuation. Then there’s Yangtze Memory Technologies. The Hurun Global Unicorn Index 2025 values Yangtze Memory at approximately RMB 160 billion. Let’s look back at which companies listed during each A-share bull market: 2005–2007 Bull Market: Bank of China, Industrial and Commercial Bank of China, China Life Insurance, Ping An Insurance, Bank of Communications, China Construction Bank, China Shenhua, PetroChina, China Pacific Insurance, China Railway Group. 2009 Recovery Bull: China State Construction Engineering, Agricultural Bank of China, China MCC Group, China COSCO Shipping, China Merchants Securities. 2014–2015 Leverage Bull: Orient Securities, China Nuclear Power, Guotai Junan, Guoxin Securities — among them, three were billion-dollar IPOs: Orient Securities, China Nuclear Power, and Guotai Junan. 2019–2021 Structural Bull: Postal Savings Bank of China, China Signal & Communication, Beijing-Shanghai High-Speed Railway, SMIC, Yihai Kerry, CICC, China Telecom, Three Gorges Renewables, BeiGene, China Mobile. What’s clear is that every A-share bull market has seen a wave of high-valuation state-owned and centrally managed enterprises listing. Now, these two companies together are approaching a combined market cap of RMB 3.6 trillion. You guys trading in Hong Kong aren’t stepping in to take the other side — so now you’re expecting crypto gamblers to pick up the slack? 🤣🤣🤣

Do you know why Xiaomi's stock has been stuck for so long? Now it’s time to talk about it. Before entering the car industry, in January 2021, as the Trump administration was about to end, the U.S. Department of Defense added Xiaomi to its list of Communist Chinese Military Companies, mainly restricting U.S. investors from buying or holding Xiaomi securities. Xiaomi’s stock steadily declined until it reached a settlement with the Biden administration. At the end of January 2025, Trump returned—and Xiaomi’s stock immediately peaked and plunged. After a brief rebound, it has continued its slow decline ever since.

🚨 The $95B Market Plumbing Time Bomb - JPMorgan JPMorgan warns passive funds must dump up to $95B of Wall Street’s 8 largest tech stocks to rebalance weightings. Why? Nasdaq’s new 15-day fast-track rule forces ETFs to absorb massive incoming mega-caps instantly. To make room, passive managers must mechanically liquidate incumbents: $MSFT, $AAPL, $NVDA, $AMZN, $META, $GOOGL, $TSLA, and $AVGO. This isn't a fundamental breakdown, it’s a systematic distortion. Watch for tracking deviations to exploit forced selling. #Trading #MacroFlows #SpaceX

It’s really bad that Tiger Brokers is directly confronting regulators. The shareholders of Tiger Brokers must be terrified. True defiance means ignoring them entirely and fully going overseas to do what needs to be done. This exact approach has been hammered home in the crypto space since 2014.

🚨TECH BUBBLE 2.0 IS HERE Nasdaq in 2000 vs Nasdaq today Same vertical expansion, euphoric final leg, “this time is different” The last tech bubble erased years of gains after the top printed Now AI is carrying the entire market on its back And everyone still thinks this only goes higher MAKE SURE TO TURN NOTIFS ON

Wall Street oracle Tom Lee: The market will crash by year-end! 1. This second half of the year, a true bear market will sweep through U.S. equities—especially those currently overvalued, which will be hit by a surge in new IPO dilution. 2. The bear market for the Big Seven tech stocks and software stocks has ended. These two sectors won’t lead the decline; instead, they’ll become safe havens. 3. Oil product shortages will become a fatal headwind in the second half of the year. This black swan event will directly devastate companies heavily reliant on energy and affected by oil supply chains. 4. The overall chip sector hasn’t reached bubble territory yet, but some individual stocks are already absurdly overpriced—proceed with caution!