The semi-annual report of A share listing companies positively reflects China's economic growth, but still clearly indicates tremendous challenges ahead for its economic structure adjustment. In the view of ANBOUND research team, the current business cycle still doesn’t look good, and the bad performance of property market has caused asset devaluation. All these add more pressure to the debt ridden economic adjustment, enhance the cost of real economy upgrading and transformation, and could influence business banks and other financial institutes. This undoubtedly exposes severe challenges to decision makers.