On March 24, Huishan Dairy Holding's stock price plunged due to the debt crisis; more than 300 billion Hong Kong dollars market value instantaneously disappeared; the incident continues to persist, and not only does it become the focus of the society, it shocked the financial sector as well. Anbound research team believes that this reflects some of the deep-seated problems in the current Chinese economy and financial markets. The debt incident of Huishan Dairy Holding, Hongqiao and Qixing debt exposes the several problems in China’s financial institutions, including blind expansion and deteriorating risk management capacity. This also reflects the seriousness and damages of the relevant enterprises in China’s attempt to move the real economy to the virtual one. It indicates that China’s capital market system is not perfect and lacks of short mechanism, and that its financial institutions are unprofessional.