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On one side, there is Trump's executive order allowing 401 retirement accounts to invest in cryptocurrency, while on the other side, there are China's new social security regulations.
One is responding to voter demands and lowering market entry costs; the other is robbing the poor to benefit the rich, then letting the retail investors foot the bill.
In comparison, I think there is only one conclusion:
Abandon A-shares and embrace crypto!

8.8. klo 01.56
社保新规其实是再一次告诉散户们,A股不要碰!
社保新规是对年轻人和低收入者的劫贫济富,高负担”压垮年轻人 ➔ “弱消费”拖累经济 ➔ 削弱股市基本面 ➔ 但是养老金需要从股市继续割韭菜。
其“累退性”设计(低收入者实际缴费率更高)进一步压制了社会最需要的底层消费能力,扩大贫富差距,从而更加削弱了股市的价值根基——上市公司的健康度 。
而面对即将到来的支付危机,政府的另外一个对策实则一直在为股市埋雷:
无论是大规模“划转国有资本充实社保基金” ,还是“养老金入市” ,其本质都是一场借助资本市场进行转移支付:在股市里继续割韭菜。
因此,中国股市的基本功能,首先是要保证这些关乎“国计民生”,维护“社会稳定”的资金的安全,绝对不是形成一个健康的市场化的资本市场,也就绝对不会有长期的,持续的,健康的牛市!
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