Market participants: There is a need to further increase regulatory efforts to crack down on such irrational speculative behavior.

The capital market is a platform for resource allocation. Delisting risk stocks usually lose investment value due to operational difficulties or financial fraud. Capital speculation boosts their stock prices to unjustifiably high levels, creating the illusion of "bad money driving out good" and misleading capital flow towards companies that should have been eliminated by the market, hindering natural market clearance and disrupting market order. Furthermore, stock prices will eventually return to their fundamentals after a short-lived frenzy, causing significant losses for trend-following investors. Market participants believe that stronger regulatory measures are needed to combat such irrational speculative behaviors.