At nine thirty, the A-shares market opens. Of over four thousand stocks, more than three thousand are declining, with nearly eight hundred hitting their lower limit.
The newcomers in the past two years are about to witness the spectacle of a thousand stocks hitting their lower limit, just like New Year's Day in 2016.
Holding stocks at limit down, lining up to sell,
Holding stocks about to hit limit down, sell in a stampede.
The main board opens significantly lower at -3.22%, index at 3012 points, on the verge of breaking 3000 points.
"Others panic, I add to my position, taking a gamble."
Although panic spreads quickly in the market, veteran investor Liu has a different perspective.
A-shares at least are a bit stronger than the National Team, having stood up before; it's not that it lacks strength, but it's been suppressed.
Just like in the summer of '15, when rampant leverage once pushed the Shanghai Stock Exchange Index to over five thousand points.
