Since the beginning of new year, the volatility in China's currency and stock market have touched a nerve on the global market.

ANBOUND’s research team points out that during the time of volatile stock market and the worsening outlook for China’s economy, the reaffirmation by the highest decision-making body on the importance of a systematic, integrated and market-oriented reform have shaped a clear direction for the financial reform with more stringent requirements.

In order to stabilize the market confidence on China’s economy and to raise public confidence on the reforms measures, the financial regulatory authorities should give more thoughts on how to enhance the mechanism for oversight and to improve their policies.