Nearly 90% of the 12-month surge in the CSI 300 was concentrated in the seven months following the start of cross-border investment flows via the so-called Shanghai-Hong Kong Connect in November 2014. As a result, speculators had little time to let the capital gains sink in and have a lasting impact on lifestyle expectations.
此外，中国股市市值暴涨时间很短。沪深300指数过去12个月的大涨中有90%的涨幅集中在2014年11月所谓的沪港通开始、引来大规模跨境资本流之后的七个月。结果，投机者没有时间让资本利得沉淀下来、形成持续的改善生活（lifestyle）效应。