China seems determined this time to strengthen its capital markets! Capital supports enterprise financing, drives innovation and reform, and optimizes the market environment! Big push for domestic tech companies to IPO in Hong Kong and go international! Feels like there’s been a series of moves recently—strengthening the military, boosting capital, heavily investing in energy infrastructure—it’s like someone with great insight is guiding this. The winds are shifting! According to my friends in Hong Kong, many foreign investment banks are starting to return to Hong Kong, expanding their offices, and hiring aggressively! Looks like they’re gearing up for something big! But what worries me is, if funds keep flowing from the high-valued U.S. market to the lower-valued Hong Kong market, could it trigger turbulence in U.S. stocks?