Li Xunlei: The US stock market is highly divided, with 93.7% of companies failing to create value

Gelonghui June 26｜According to Yicai, Li Xunlei, Chief Economist at Zhongtai Financial International, stated that the United States is a typical institutional market. Although the proportion of institutional investors in China has increased in recent years, the market is still dominated by retail investors. Furthermore, the U.S. market is highly polarized—6.5% of stocks created the total value generated by the U.S. stock market in the past 15 years, while 93.7% of companies created zero net wealth.