Harvesting chives
| Chinese | 割韭菜 |
|---|---|
| Basic meaning | The big investors harvest the retail investors in the stock market |
Harvesting chives[1] (Chinese: 割韭菜), spelled 'ge jiucai' in Hanyu Pinyin, alternatively translated as cutting leeks,[2] is a Chinese Internet buzzword that originally refers to chives having reached their peak growth stage and ready to be harvested.[3]
The word "chive" originally came from the Chinese stock market.[4] The chive is a very tough plant, and even if a farmer cuts off the leaves with a knife, they will grow back soon afterwards. The term "chive" is used in Chinese market circle to refer to the fact that in the eyes of big market players, there is always a constant stream of new retail investors to be cut into the market, and these people are called "chives".[5] In short, "harvesting chives" means that big investors "harvest" retail investors.[6]
The term "harvesting chives" has been extended to describe all forms of abuse, such as 996 working hour system, "financial management" courses by online gurus who promise to enrich their mentees.[7]
One considers that the phenomenon of harvesting chives exists not only in China, but also in other countries where people speculate on bitcoin.[8]
See also[edit]
References[edit]
- ↑ "Ye Fei stocks scandal shows why China must encourage whistle-blowers". South China Morning Post. May 22, 2021.
- ↑ "Leek, candy, and big pancake: The slang Chinese crypto traders use to hide from the authorities". Quartz. Apr 30, 2018.
- ↑ "Tesla China: We have dumplings stuffed with leeks". Sina. 2020-09-23.
- ↑ "Don't be a stock market "leek" waiting to be cut". SET News. 2021-03-14.
- ↑ "What does "leek cutting" mean?". SET News. 2021-01-11.
- ↑ "The leek lying flat is not easy to cut". Headline Daily. 2021-06-12.
- ↑ Alex Colville (June 10, 2021). "Stop Trying to Make 'Lying Flat' Happen!". The World of Chinese.
- ↑ "How to avoid being leek cut in the investment?". Special Broadcasting Service. Jul 10, 2018.
This article "Harvesting chives" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Harvesting chives. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
