After 20 years reform and development, Chinas capital market has changed fundamentally from not only size, structure and functions, but also from aspects like economic and social influence. It has already become a market with secondlargest market value in the world. Generally speaking, future developments of Chinas capital market will face huge changes from both the market structure factor and the economical financial environment. The macroeconomic and financial structure reform trend, the strategic goal of Chinas capital market in next 10 years (2011—2020) is: when in 2020, Chinas capital market, with that trading centers based on ShanghaiShenzhen, will become worlds most influential growth pole of financial markets, and Shanghai will also be built into a new international financial center, comprehensively promoting the modernization, marketization and globalization of Chinas financial system. In order to achieve above strategic goal, significant adjustments on policy focus of Chinas capital market will take place, which will change from a demandoriented policy to a combination of supplyoriented, demandsupply coordinate developing policy.