The purpose of this wave in the Chinese stock market is to collect and elevate China's low-priced, high-quality technological assets before the U.S. lowers interest rates. This is to prevent hot money from abroad from entering the Chinese stock market and seizing China's cheap, high-quality assets after the U.S. cuts rates. As for other small-cap stocks and non-quality asset stocks, they are not being elevated for the time being, mainly because if they are raised too early, retail investors will sell off their stocks once they break even, leading to a collapse of the market that has been difficult to uplift.
