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发行制度改革失败的关键问题是股票二级市场的价格存在扭曲现象,其与“坐庄”等操纵市场的行为关系密切。
The key issue of failure to reform the issuance system is the distortion of the price of the stock secondary market, which is closely related to the manipulation of the market such as Zuozhuang.