China Securities Regulatory Commission officials have specifically mentioned special monitoring of Yu'e Bao currency fund; this indicates that the authority is eyeing on Alipay’s "family". Anbound suggests that mixed-reform can be considered for Alipay, and the equity participation can be joined by the five state-owned commercial banks, which will convert it into state-owned equity fund. This will solve the issue of Alipay being seen as an “alternative” in the financial system, and can contribute to the financial regulation’s market orientation and transparency, as well as aiding the capitalization of Alipay.