Lou Jiwei, the current chair of the National Council for Social Security Fund, believes that over-mixing ("integrated management") has caused a series of financial chaos in China, with dazzling, overlapping arrays of derivatives with Chinese characteristics, and endless similar industries, channels, nesting and capital pools, which constantly raise the cost of capital, exacerbating the real economy. This view has obvious differences with that of the Chinese Central Bank in promoting integrated management in recent years. The financial regulatory reform in the future might re-examine "integrated management."