This week, the sharp decline in the stock market that began in mid-June continued. In just three weeks, the Shanghai Composite Index has dropped from15 178 in June 2002 to below 3,700, which has caused panic among investors and many potential impacts on China's economy.

In the face of the crisis, from the release of the opinion draft of the Measures for the Administration of Investment in Basic Endowment Insurance Funds, to the central bank's interest rate reduction and continuous reverse repurchase, to the sharp reduction of transaction rates and the expansion of financing channels for brokers, relevant departments have intensively launched a series of countermeasures. In addition, the CSRC has also begun to conduct special inspections on illegal clues suspected of manipulating the market.

However, multiple positive news failed to stop the decline. On Friday, A-shares continued to plummet, with the Shanghai Composite Index down nearly 6% and the whole sector falling. More than 1.400 shares in the two cities fell.