All subverters start under the banner of common prosperity

Event of the Week

Xie Zhikun passed away, and Wang Chaoyong lost contact.

Thought of the Week

Recently, I learned about the term Web3. According to Ruanyifeng:

Web 1.0 is users reading the Internet, Web 2.0 is users writing to the Internet, and Web3 is users living on the Internet.

Most of human behavior and thoughts in the physical world have no chance to be recorded and transmitted. What can be recorded and transmitted is the part that is valuable to others. Translated into new economic terms, it is labor income. This part of things valuable to others is finally transmitted, converted into currency, real estate, intellectual property rights, etc., and recognized by law as ownership. One difference between the Web3 world and the real world is that all human behaviors in the Web3 world will be recorded. In this way, some behaviors that are useless in the real world may also become important means of production for Web3 operators, such as some algorithm recommendations will be more accurate.

Based on the above considerations, humans do not want giants to control everything in life, just as they do not want the government to control everything in real life. So it is envisaged that Web3 must be distributed, and blockchain will become the base of early Web3. The recent hot Metaverse, DAO, NFT, and virtual real estate are all primary products under these technologies. All these products claim to be decentralized, but history has a law that all subverters incite the public under the banner of common prosperity. Once successful, they will think about how to monopolize the benefits.

For the public, the Web3 era has not yet arrived. For technology companies, there are many entrepreneurial opportunities in the Web3 field. Facebook changed its brand name to Meta, and Microsoft said it would implant the virtual collaboration platform Mesh into Microsoft Teams so that everyone can continue to make PPTs in the Metaverse. If according to the current trend, large companies with capital and technology advantages still build Web3 and seize user digital assets, how can users have control over digital assets? Taking a step back, if blockchain can really protect customer privacy and asset ownership, how to ensure that large companies are willing to invest resources to build the Web3 base, and whether token incentives can sufficiently incentivize companies.

There are many types of tokens now, but tokens like Bitcoin, Dogecoin, and Ethereum that rely on mining and have no value to the physical world have no value. BAT launched by Brave and Filecoin launched by IPFS are logically feasible because they can link the real world with the physical world and be used as equivalents of legal tender in the virtual world, and their incentive mechanism also conforms to realistic logic.

For individuals, no matter how virtual and reality merge in the future, to have a good experience in both worlds, they still need to create value, meet the needs of others, and get returns.

Market of the Week

Period: 2021-12-13———2021-12-19

Review of this week: This week, the main board fluctuated, and the GEM rose significantly. The top three wind industry gains were precious metals, construction, and land transportation; the top three declines were education, semiconductors, and alcohol. The top three wind concept gains were charging piles, mini programs, and digital twins; the top three declines were semiconductor equipment, semiconductor silicon wafers, and the wafer industry.

Market (%)	Index	This Week	1 Week Ago	2 Weeks Ago	3 Weeks Ago
SSE Composite Index	3632.36	-0.96	2.15	0.65	0.1
SZSE Component Index	14867.55	-1.61	2.19	0.43	0.17
GEM Index	3434.34	-0.94	2.01	0.12	1.46
STAR 50	1399.06	-2.55	2.13	-1.58	1.05
Hang Seng Index	23192.63	-3.18	0.96	-3.94	-3.87
HSCEI	1079.03	-0.43	0.9	0	-1.41
Hang Seng HK Chinese	3882.23	-0.63	1.81	-1.23	-1.04
Dow Jones	35365.44	-0.8	4.02	-3.44	-2.71
Nasdaq	15169.68	-1.58	3.61	-4.37	-3.14
S&P 500	4620.64	-1.03	3.83	-3.25	-2.34

Market (CNY, Billion)	This Week	1 Week Ago	2 Weeks Ago	3 Weeks Ago
Shanghai Stock Connect	69.53	300.67	115.7	-29.69
Shenzhen Stock Connect	45.14	187.67	35.47	86.79
Hong Kong Stock Connect	174.92	144.11	82.24	2.93

Position

Code	Name	Dynamic
F001475	E Fund National Defense and Military Industry	Increase
F110005	E Fund Active Growth Hybrid	Increase
F003834	China Asset Energy Innovation	Increase
F161725	China Merchants CSI Liquor	Increase
F002083	Xinhua Xin Power Flexible Allocation Hybrid A	Increase
F519704	BOCOM Advanced Manufacturing Hybrid	Increase
LKCO	Luokung Technology	Flat
SH.603716	Saili Medical	Flat
SH.000889	Zhongjia Bochuang	New