The state rescued the market, but the people in the CSRC were incompetent.

The incompetence of the CSRC has disrupted the deployment of financial operations!

On the occasion of the China stock market crash, the central bank's rare "double drop" in seven years, and its intention to rescue the market is very obvious. Although it is reported that some investors were moved to tears, it is still too early to be optimistic.

This slump stems from the following reasons:

First, excessive issuance of new shares;

Second, the major shareholders reduced their holdings crazily and illegally;

Third, standardize the "integration of the two industries" to deleverage;

Fourth, the main force of stock index futures is completely short;

Fifth, illegal funds are worried about the anti-corruption storm in the securities industry;

Sixth, the Growth Enterprise Market rose too fast and accumulated huge profit chips.

Now that the central bank has to deal with the above six bad news, it is really worrying whether it can turn the tide.