The total market value of A-shares has fallen below 70 trillion,with over 20 trillion evaporating in just over two years,which I discovered by chance and am not sure if it had already fallen below a few days ago.

Overall,at today's close,the total market value of the Shanghai and Shenzhen stock markets is 69.59 trillion yuan,and even with the addition of the 50 index of the Beijing Stock Exchange,it only reaches 69.89 trillion yuan,still not surpassing 70 trillion yuan.

The highest total market value of A-shares was 92.35 trillion yuan.

Wind data shows that as of December 13,2021,the total number of listed companies in A-shares was 4,662,with a total market value of 92.35 trillion yuan.

Now,on August 23,2024,the total market value of A-shares has fallen below 70 trillion yuan,which means that in just over two years,the total market value of A-shares has evaporated by more than 20 trillion yuan.

The market value changes of A-shares over the past eight years have now fallen back to 2019: 2018 A-share market value: 49 trillion.

2019: 59 trillion.

2020: 79 trillion.

2021: 92 trillion.

October 2022: 74 trillion,November 2022: 86 trillion,December 2022: 79 trillion,March 2023: 85 trillion.

The Hong Kong stock market has also evaporated over 20 trillion in three years.

The Hong Kong Stock Exchange released data showing that as of the end of July 2024,the total market value of the Hong Kong stock market reached 31.1 trillion Hong Kong dollars,approximately $3.9876 trillion.

The average daily transaction amount in July was 98.6 billion Hong Kong dollars.

Before the interest rate hike was announced on June 2,2021,the total market value of Hong Kong stocks had surged to 54.5 trillion Hong Kong dollars,and now it has fallen to about 31.1 trillion Hong Kong dollars,with over 20 trillion Hong Kong dollars evaporating in just over two years.

At that time in 2021,it was the big trend of new energy.

Without the big trend of new energy,it would have been difficult for the A-share market value to reach 92.35 trillion yuan.

However,what was unexpected was that under the global electrification trend,China's new energy electrification is far ahead,and as the strongest sector,it also fell continuously.

I won't mention photovoltaics,as they are indeed not good.

But with such strong sales of new energy vehicles,lithium batteries are also not good.

Although it is expected to rise in the future,it is really inconceivable that it has fallen to this extent now.

This time it has really fallen to a super bottom,right?

In June 2024,the total market value of the U.S.stock market has reached $63.6 trillion,with a total bond amount exceeding $60 trillion.

It is equivalent to 450 trillion yuan,which is more than six times the total market value of our A-shares today.

The daily average transaction amount is between $100 billion and $300 billion,that is,between 730 billion and 2.3 trillion.

Affected by the Federal Reserve's crazy interest rate hikes and other factors,in the past two years,both A-shares and Hong Kong stocks have each evaporated more than 20 trillion,with a total evaporation of more than 45 trillion yuan in the two markets.

No wonder Biden is so proud,a few days ago at the Democratic Party conference,he roared wildly that only the United States can lead the world.

I think we should not be too pessimistic,how many years has the United States developed?

How many years has our country developed.

We have only been reforming and opening up for more than 40 years,and the economic total has rushed to the second in the world,except for finance and technology,energy,and other fields are the first in the world.

In the global electrification trend,our country's new energy industry chain is also the first in the world.

U.S.Treasury Secretary Yellen also said that the biggest opportunity of the 21st century,by 2050,will require $3 trillion annually.

Our country's economy is just in the middle age,and if it can survive,it has the opportunity to win the United States.

Traders bet that the Federal Reserve will cut interest rates by a total of 100 basis points in 2024.

By 2030,the U.S.national debt will be $50 trillion,and it may not be possible not to cut interest rates.

The Institute of International Finance: Global debt has risen to $315 trillion.

Asia is rising.

The report released by the Institute of International Finance (IIF) shows that in 2023,the global debt level reached $313 trillion,setting a new historical high.

Among them,global government debt reached $91 trillion.

The total debt of the U.S.government has broken through $35 trillion.

The total debt of the Chinese government is $14.6 trillion.

The total debt of the Japanese government is $10.8 trillion.

The total debt of the Russian government is $34.77 billion,the smallest.

The total debt of the Indian government is $190 billion.

Asia is rising,if India does not mess up,the economic volume of 1.4 billion will also be huge,as long as it cooperates with our country,the economic center of the world in the future will be in Asia.

At that time,it is believed that the total volume can surpass the United States and be able to suppress the United States.

Unless the United States succeeds in making trouble in India.

At present,Asia is fully entering the peak period of urbanization construction,unlike Europe and the United States,which are still fighting.

So Asia has hope,the weather is good,the climate is good,there are many agricultural products,and there are many resources.

In all aspects,it has more active economic advantages than the cold Europe and the United States.

In this way,the bottom of the big A-shares should have fallen,right?

The top three economies in the world in the future will be China,the United States,and India,with two super economies in Asia.

The fourth and later are countries like Japan,Indonesia,etc.,and the overall focus is on Asia.

As long as there is no war,no conflict,it can be very angry with the United States.

A-shares are now internationalizing,and market laws are also international,that is,the market no longer rises together,but enters the value investment cycle,and the growth of the leading stocks is the main one.

Study more about the historical laws of the U.S.stock market,and we can see the super future bull kings in the big A.

Call on Wang Jianlin and other super entrepreneurs to bottom out,entrepreneurship has bottlenecks,industries and enterprises have bottlenecks.

But in the stock market,you can find the layout of value investment that has not reached the bottleneck,and the future gains may be the main force to save the main business.

If Wang Jianlin had invested in Moutai ten years ago,there would be no shortage of money crisis now.

So stock speculation is not necessarily wrong,it is wrong to find the wrong leader.

But entrepreneurship is now much more difficult than any cycle in the past.

Therefore,those entrepreneurs who have encountered bottlenecks in business development should take the rare opportunity to bottom out in A-shares.

The current index of the Indian Mumbai Sensex is 81,086.21 points,the U.S.Dow Jones index is 40,712.78 points,and the A-share Shanghai Stock Exchange index is 2,854.37 points.

Foreign indices are strong because the number of component stocks is small,and they are all composed of leading stocks.

So in the future,A-shares will also be mainly driven by the rise of leading stocks in various industries,or super leaders.

There will not be many,the market has more than 5,000 listed companies,and in the world's big market like the U.S.stock market,there are only more than 10 super leaders.

So finding leaders is very important in the value investment market,and it must be remembered.