Developing financial market, including stock market, is an important policy of China in 2015. ANBOUND research suggests that opinions on valuation of Chinese stock market directly influence the investment strategy for Chinese stock market. The valuation of Chinese stock market is relatively low when judging from Chinese macro economy, but it isn't so in terms of the quality of some enterprises in Chinese stock market. Thus, the valuation of Chinese stock market should be judged from both macro and micro aspects.