In 2012,due to the adverse effects domestic and abroad, China's equity market underwent downturns most of the time. In this context, China's regulators launched a series of policies and measures in favor of the long-term healthy development of the equity market, and strengthened and improved market supervision, which ensured the market stability. In that year, there were many highlights in the regulatory work of the equity market, and also several debates. What gratified is that the regulators have been demonstrating great determination and perseverance in overcoming difficulties and push forward market reform and innovation. <<