1. The policy was introduced, and the real estate and banking stocks were negative. Even financial stocks. And these are very important in the proportion of stock indexes.

2. Stock index futures speculation

3. The news that the CSRC released the spin-off of subsidiaries of domestic listed companies played a stimulating role, and the GEM suffered the biggest negative pressure since the opening of the market.

4. The number of stock index futures accounts is increasing day by day, and it is inevitable that the funds in the market will flow to the stock index futures market. At the same time, the IPO of GEM and SME board will continue to increase, which is still persistent for the pressure of market funds.