China's State Council released "new national nine measures" on May 9 to address investors’ concerns on various hot topics and set clear direction for the next phase of capital market reform. Hence, ANBOUND’s chief researcher Chen Gong highlighted that regulator needs to aware of their own historical tasks and promote capital market reform as the weak capital market has become a burden to China’s economic growth. In addition, the regulators should change the current situation whereby resource allocation is artificially distorted at a higher level and lead the market back to the positive cycle of “development-reform-further development”.