In 2009，the characteristics of capital market are that，the stock market basically maintains the upward trend，the achievements of listed companies have the rise trend，the investors have confidence；the bond market index lowers，the cash bond transaction of financial bond has increased largely，and the investment organizations are reducing the holding of bond assets. In 2010，the influence of factors from the domestic economy and the policy readjustment to the market will strengthen. The domestic economic situation is becoming the dominant factor to affect China’s capital market trend. The disadvantage factors which the worry of market about the overheated economy and the inflation increases etc. will unceasingly increase the pressure to the market upward. In 2010，in view of the fact that the CPI trend will transfer from the negative into the positive，under the background that the price of water，electricity，fuel gas，transportation and farm produces rises，it is possible for the Central Bank to increase the rate of deposit and loan；At the same time，compared with the one in 2009，the fund will be not too loose possibly，thereby the trend of bond and stock markets will be restrained.