The panic mood due to soaring of domestic interest rate has been spreading within China's financial market in an alarming rate. This in turn, may cause more volatilities in the market and present a challenge to the central bank's money policy operation. In order to cope with this situation, it is believed that the central bank has already injected liquidity into the market through the reverse repo approach. On this view, Anbound think-tank scholars suggest that China's central bank would not immediately jump into this measure but instead, would continue to watch the market closely before deciding on whether to adjust its monetary policy.