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More and more people who are missing out on the market wish for a tech crash to happen quickly, thinking that the current tech rally is just people finding someone to take over their positions.
What I want to say is that retail investors overestimate themselves.
Just the threshold of 500k yuan for the STAR Market already keeps 90% of people out.
According to 2025 data, out of 250 million investors in the entire market, fewer than 8 million have accounts qualified for trading on the STAR Market, accounting for only 5%.
Remember one thing: It’s useless for someone who doesn’t hold tech stocks to be bearish on tech; only those who hold tech stocks being bearish is meaningful.