But Chinese security market is incomplete under short-sale constraint, which causes the ineffectiveness of risk share and the loss of social welfare.

My family is temporarily living with my in-laws while we are waiting on an answer about a house that we've put a bid on (it's a short sale, so it takes a looooooong time to hear an answer).

At that time, real estate stocks were collectively at the stage of collection and short sale, thereby resulting in a downward trend.