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This year, the Shanghai Composite Index has risen by nearly 500 points so far. At present, A shares have stepped out of the bullish upward trend, and the index will exceed 3,731 or even 4,000 points next year, so it should be reasonable to reach more than 150 IPOs next year!Heavy! There are three major news in the securities market, IPO may pick up, A-share benchmarking is difficult, and retail investors dominate the dispute. What is the fate of A-shares?

2. Chen Guo: A-shares born in the 1990s have their own temper attributes and are not suitable for all-round benchmarking of US stocks at once.3. Tian Xuan: The China stock market is dominated by retail investors. This is not a healthy capital market. The bull market of US stocks is because retail investors no longer trade in person but invest through institutions.The US stock market has a history of more than 200 years, and the US stock market has experienced two world wars. It is true that the US stock market is the most mature financial market in the world, and it is also a market where global capital flows in, so A shares are indeed a bit behind the US stock market! However, the A-share market is not as good as the increase of the Thai stock market next to it, which is a bit unreasonable! A shares should be well refueled!

1. Guotai Junan Wang Zhengzhi: IPO issuance is expected to pick up next year. It is estimated that 150~210 IPOs will be issued throughout the year.2. Chen Guo: A-shares born in the 1990s have their own temper attributes and are not suitable for all-round benchmarking of US stocks at once.