What is the biggest difference between A-shares and U.S. stocks?


U.S. stocks are a tool for capital allocation; money goes where the most profit is.
A-shares are a tool for national strategic development; money goes where the national strategy requires it, not necessarily where the most profit is.
The country will step on the brakes, regulate, and forcibly steer the direction of capital—that's the biggest difference.
One is a tool for free capital allocation, allowing money to go to the most profitable places;
The other is a tool for national strategy, directing funds to where the national strategy needs them most;
One is for making money;
The other must consider the overall situation, prioritize national interests, political priorities, and only then economic interests—that's the biggest difference. $BTC
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