Chinese retail investors are at it again! They believe that "buying on the dips is an opportunity to get on the bus." Since March, they have bought a net amount of 1.25 trillion.

In the just-passed March, the A-share market experienced a sharp pullback under the pressure of the US-Iran conflict and external market fluctuations. The Shanghai Composite Index once dropped from its high of 4197 points at the beginning of the month to 3794 points, with a cumulative decrease of nearly 6% for the month. However, while market panic spread and foreign funds flowed out, a "counter-trend" movement quietly emerged from Chinese retail investors, becoming the most significant market force in this volatile month. Journalists found that individual investors did not panic and sell off during the decline, but instead "bought more as it fell." Data shows that retail investors' small funds have accumulated a net inflow of up to 1.25 trillion yuan in the past month, and have been positive on every trading day. The deeper the market falls, the more aggressively retail investors buy. At the same time, in March, the number of new A-share accounts reached 4.6 million, an increase of 50% year-on-year and 82% month-on-month, breaking the rule that the number of accounts opened is directly related to profitability. Frontline brokerage staff have reported that many clients have clearly expressed that "the pullback is an opportunity to get in."