China Securities Regulatory Commission (CSRC) announced that the "Shanghai-Hong Kong Stock Connect", or Hu-Gang Tong, will be officially launched on November 17th, eventually entering its countdown period after once being postponed. ANBOUND research team thinks that after launching Shanghai-Hong Kong Stock Connect, we should conduct a deeper capital market reform, maximizing the effect of this opening-door policy. Only based on a deepening reform, can the 5 to 10 years' plan for China’s capital market be achieved, which visions a double size of its present scale. In this regard, Hong Kong market and the broader international market will provide sufficient lessons for China’s regulators.