求翻译：此外，保荐制度设计不合理，投行可以作旗下直投公司控股、参股拟上市企业的保荐人，从制度供给层面为创业板上市利益关联现象创造了有利的制度环境。是什么意思？

In addition, the sponsor system is unreasonable, the investment bank for its direct investment company holding shares of the sponsor to be listed companies from the system supply level for the interests associated with the phenomenon of the GEM Listing created a favorable institutional environment.

In addition, the sponsor system design is not reasonable, the line can be used as the flag has been the company's holding, the unit of listed companies to sponsor and supply system from level for Gem interests associated phenomena has created the enabling environment of the system.

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