CITIC Securities: The main initiators and promoters of this round of market fluctuations are not retail investors
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最新报道：According to a report by Bijie.com, CITIC Securities believes that, judging by the various types of funds, the primary initiators and drivers of this rally to date are not retail investors. In fact, from its inception to its acceleration, the core drivers of this rally have revolved around industry trends and performance. Since smart money is the dominant force in the market, we should not obsess over analogies to past trends. As products issued in 2020 and 2021 generally reach break-even levels, the market will undergo a transition from old to new funds. Future market continuation requires new allocation strategies, rather than a rigid focus on "abundant funds" and liquidity.
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