Chan Kung, Anbound's chief researcher believes that value investment not only requires the stability of the internal structure of an enterprise, but also has high requirements for the stability of external law and policy environment. With the stability of the external environment, value investment depends on the monetary multiplier effect under an environment of excess capital, as well as on the length of time a firm can survive. In terms of the required internal and external stability, value investment is more suitable for the developed Western markets, but not for the Chinese market.