With the completion of the new government transition, the pace of "20 13" financial reform has been obviously accelerated, and the state has successively introduced a series of policies related to financial reform, such as canceling the lower limit of loan interest rate, canceling the control of bill discount interest rate, and expanding the floating range of RMB exchange rate. However, the introduction or upcoming launch of varieties or policies related to the stock market and bond market, such as treasury bonds futures, margin financing and securities lending expansion, and planned issuance of preferred shares, further rationalized the market investment structure. The sweetness brought by the smooth issuance of financial products such as Yu 'ebao and Wealth Management Bao has inspired private capital related to Internet finance such as Alibaba and Oriental Fortune to enter the financial field monopolized by state-owned enterprises for a long time. It is rumored in the market that the CBRC is studying the establishment of private banks, financial leasing companies and consumer finance companies at its own risk initiated by private capital.

In the A-share market, a series of reforms in the financial system have repeatedly stimulated banks, insurance and brokerage trusts. Stimulated by favorable policies, the stabilization and strengthening of financial stocks will play a vital role in the bottoming out of the whole A-share trend. With the lowering of the threshold of financial monopoly, the future development of some excellent commercial banks, innovative brokers and internet finance-related listed companies is expected to reverse, and the valuation of excellent financial companies or financial companies with shares is expected to return to the market. For example, the emergence of hot spots in the 20 13 Free Trade Zone stimulated Shanghai Pudong Development Bank, and Yu 'ebao and Hotpot Bao promoted Minsheng Bank.