China now witnesses a strong rise of stock market, however the increasing volatility has revealed the market's concerns. ANBOUND highlights the key problem of China’s stock market—leverage. In order to deleverage the stock market, moderately constraining the capital and bond financing by government seems to be a helpful grasp. In the context of both risks and investors’ irrational operations are growing, it is reasonable that the government takes certain tools to limit the market bubble. For the watchdog, the right means also can be found out.