The rising popularity of shell resource and "new three board" market deeply reflects the predicament of investment and financing system led by indirect financing under the guidance of the government. ANBOUND research team states, as the world's second largest economy, China is going through its economic transformation and upgrading and developing new businesses. Under this circumstance, Chinese enterprises will undoubtedly have a huge financing demand, which outdates the currently conservative supervision thinking for A shares market. Therefore, how to broaden strategic vision on multi-level capital market construction has been a severe test for management authorities.