Promoted by the financial regulation agencies，the financial reform of China accelerated remarkably in 2014. Series of significant measures，such as the development of private banks，deposit insurance system and the Shanghai-Hong Kong Stock Connect program，have been launched or implemented. All of these made a good start in deepening the reform of financial system. This report reviews the major issues of financial regulatory reform in China in 2014，then，we provide corresponding comments according to the summary of different opinions，and give the outlook for 2015.