There are many reasons. Although the fund market was very good last year, the market last year experienced explosive growth when investment intentions in the external market were obvious. In the actual fluctuations, it was actually somewhat artificially high.

Then under the slightly stable external situation this year, the artificially high market will slowly adjust its fluctuations and reduce risks, so there will be a wide-ranging correction.

Coupled with external fluctuations, the overall market situation was not good, so there was such a sharp decline. The reason is very simple. The existing fund organizational structure cannot support the flow of the capital market, because the relationship between supply and demand is inconsistent.

A matter of balance.

Hope the above can help you.