It's simple. First, apart from unreliable banks, there is no legal, formal and secure trading platform in China. This is the foundation. Don't mention the so-called big platform supervised by the American institution and the British institution. Nonsense. This is China, not the United States or Britain. British and American institutions have no right to manage China companies. These are routines and lies. This is the most important point. I don't even have a place to open an account

Second, suppose China has such a formal platform for strict supervision, and the government only acts as a referee, not an athlete. The answer is that many people will speculate in foreign exchange slowly, but they will not explode like the stock market. Why, because there is no "follow-up effect", foreign exchange is a bilateral transaction, and you can buy either side of a currency pair. There are no bulls or bears. The stock market is different. When the stock market doubled, some people began to feel ready to move and felt that the opportunity had come. When the stock market tripled, the aunts and grandfathers began to fidget. They watch others make money one by one and feel that they are better than Fang Fang 100 times. Why can't they make money by themselves? If they are not convinced and greedy, they must try. When the stock market tripled, everyone went crazy ... or slowly went crazy.