Regarding China's thriving equity financing market since this year, particular the new three board, ANBOUND calls for regulating it in the bull market, so that to allow it grow up from an emerging market, facility the financial difficulties for small-and-medium-sized companies and better serve the real economy. Furthermore, the watchdog should guide the development of the new three board avoiding the failures experienced by A Share and other foreign three boards, regulating it well from the very beginning can benefit the market environment and bridge the investor with financing sides.