Due to 20 key cities in China having introduced the restriction policy of housing purchase, some believe that the capital from the property market will flow to the stock market. Anbound's senior researcher He Jun believes that considering China’s economic transformation background, there will not be a lot of domestic capital flow out from the property market to the stock market. A more likely possibility is the restriction on property market will cause a number of capitals flowing to other countries, which will give pressures to Renminbi’s exchange rate, eroding China’s foreign exchange reserves; related policy departments should pay attention on this potential risk.