结果很明显：在当前的监管体系中，各机构之间的责任划分清楚而僵化，已经完全与中国快速增长、日益一体化的资本市场脱节。
The conclusion is clear: the current regulatory system, characterized by a clear and rigid division of responsibility among its constituent bodies, is completely out of sync with China’s rapidly growing, and increasingly integrated, capital markets.