Abstract: In 2020, the global economy was affected by the outbreak of COVID-19, and the economic growth of major countries had a cliff shaped fall.In order to avoid the recession of economic development, countries launched a series of unconventional fiscal policies, monetary policies and financial policies, and the introduction of these policies also subverted the traditional market recognition.We have noticed that the price of global mineral products has accelerated, walked out of the downturn of more than ten years, and opened the cycle market.Its high price operation has a great impact on the reconstruction of global industrial chain and the development of China’s mining industry.We are in an era of financial reform and a new opportunity for mining development.Firstly, this paper analyzes the basic situation of the global financial great change from seven aspects.Secondly, from the perspective of global fiscal policies and the impact of China US interest rate spread, the RMB is likely to enter a long appreciation cycle in the next few years, and the proportion of RMB in international settlement will also increase significantly.Thirdly, it analyzes the development trend of the global capital market and the continuous attention of the mining sector.Based on the above analysis, this paper focuses on several aspects of China’s financial deepening reform under the great global financial changes and the trend of China’s mining capital market from “turning” to “recovery”, and finally puts forward some suggestions on the development of China’s mining capital market.