there are six reasons.

1. A protracted Sino-US trade war;

2. China's military preparations for the South China Sea issue in the East China Sea;

3. Domestic policies regulate housing prices and deleverage;

4.' Thunderstorms' are common, such as ST Changsheng, Zhonghong, LeTV, or some investment and wealth management companies that ran away or closed down, causing economic crisis;

5. Based on the above situation, most investors are bearish on the stock market and the economy, and there are many panic discs;

6. There is a large personnel imbalance in China's stock market, such as; 7%-8% of small and medium-sized investors and 2%-3% of large investment groups, such as the national team, bookmakers, hot money, private equity funds, etc., so in general, there are many fundamental reasons why China's stock has been falling.