Getting listed on A-shares now is like getting into a top-tier exchange, high valuation and great liquidity. Hong Kong stocks are like a second-tier exchange, basically, you can get listed as long as you pay, but the problem is limited liquidity, and you have to rely on aggressive trading to cash out. Once clear regulations are passed, crypto will also see an altcoin season. Hopefully, the bosses at top-tier exchanges can take a page from A-shares and tighten up their reviews As for U.S. stocks, for domestic companies to list on U.S. stocks now is basically like defecting to the enemy