According to TechFlow, an article published on January 26th stated that since 2026, the rotation of popular concepts in the A-share market has accelerated, with sectors such as commercial aerospace, AI applications, and humanoid robots experiencing successive surges, driving some individual stocks to see short-term price spikes. Against this backdrop, regulatory authorities have taken measures to cool the market, including raising margin requirements and suspending trading of stocks with excessive price increases for investigation. The recent targeted regulation of Fenglong Co., Ltd. directly addresses illegal trading activities involving riding the wave of trending topics and speculating on themes.
It needs to be clarified that the regulatory authorities' series of measures are not aimed at suppressing popular sectors, but rather at clearly defining the boundary between "genuine value" and "pseudo-speculation": The focus is on cracking down on speculative activities that deviate from company fundamentals, use thematic concepts to manipulate funds, and engage in abnormal trading, while protecting high-quality companies that rely on core technologies, cultivate the industrial ecosystem, and possess long-term development potential. This aims to guide market funds back from short-term speculative trading to long-term value investing, and maintain a healthy capital market ecosystem. (Jinshi)
