At present, the downward pressure of China's economy continues to increase, and the deep-seated contradictions in the development are highlighted. The old way to maintain stable economic growth by loosening credit standards and encouraging investment was hard to work in practice. To "stabilize growth" in the new normal and to completely reverse the sustained decline of economic growth rate, we must take new measures.During the period of the 13th five-year plan, the national decision-making level needs to reshape the dynamic structure of China's economic development by revitalizing and improving the multi-level capital market, according to the characteristics and functions of modern market economy. This is the solution to the problems of relieving the downward pressure on China's economy and improving its quality and efficiency, which may be an essential way. In the next 10 to 20 years, China will normally enter the era of "issuing securities to promote economic growth". We should stick to the law-based governance, strictly abide by and implement the securities law, promote the reform of IPO registration system, lower the threshold of enterprise listing and bond financing, so as to let enterprises obtain innovation and development funds through direct financing and promote the “mass entrepreneurship and innovation initiative”. Finally, we should reverse the old normal of Chinese people regarding real estate as investment target, and change the asset allocation mode and structure of Chinese families, so as to upgrade the dynamic structure of China's economic growth. It has become an inevitable trend to appear and choose in the future.
