In 2009，as the economic stimulus policy of worldwide countries succeeded gradually，global economy got out of recession step by step. The callback of China’s economic fundamentals in 2010 has been near the end，the macroeconomic policy environment is loose，and the expected international economic environment is good. For China in 2011，the stock market will rise with the development of the macroeconomic. The fund size continues to expand，and the impact of the fund market on capital market become stronger gradually，but the development space of the bond market is limited.