China's stock market has many problems to be resolved, yet because the Chinese market system remains imperfect, the domestic A-share market has difficulty to be listed, and has more difficulty to be de-listed. Huang Qifan, vice chairman of the National People's Congress Financial and Economic Affairs Committee, believes that the key lies in the de-listing mechanism. Any capital market will have to discard what is unnecessary. In the past 27 years, the Chinese stock market has yet to establish a normal junk stocks de-listing mechanism. The situation can only be improved with exclusion of bad businesses and in the inclusion of the good ones. On the contrary, the situation will be worsened if businesses with high business surplus rate and experiencing losses for many years remain in the stock market. The next step in the reform is to take control of the major parts, focusing on establishing de-listing system and its implementation.