“You have to learn how to lose money before you can make money on stocks.”
On the first day that the market opened in 2024, Chinese shareholders consoled themselves with this line from the popular TV drama, Blossoms Shanghai (《繁花》).
That day, the SSE Composite Index did not maintain its rise from the last week of 2023, falling from 2,974.93 down to 2,962.28, a step back from the 3,000 mark.
Falling stocks
“A-shares” once more made the list of top searches on Weibo. A netizen self-deprecatingly commented: “I was thinking of making money on the first day of 2024. But on the second day, I only wanted my money back.”
Others noted that, in the previous three bull markets, A-shares all declined once the market opened; going by this logic, this year will definitely see a shift from a bear to a bull market.
Will the turbulent Chinese market see better prospects in the coming new year as shareholders hope, or will…
