In 2014，because of the global economy and monetary policy differentiation，the international financial market significant volatility，and the greater downward pressure on the domestic economy，the stock market internal and external environment is very complex. Faced with the complexity situation，the securities regulatory authorities vigorously promote regulatory restructuring，deepen the capital market reform and innovation，earnestly implement the “two maintain & one promotion” core responsibilities. This year，the Securities Regulation can be said to lay a solid foundation，and the preliminary results of Securities Regulation were achieved. 2015，the stock market is expected to usher in a new situation.