In coping with upheavals in the recent domestic financial market, the People's Bank of China made an announcement at the afternoon of June 25. As stipulated by the central bank, the central bank has offered liquidity assistance to some financial institutes who conform to the macro-prudential requirements. This is implemented with the aim of stabilizing the operations of the money market. The latest development is a concrete evidence of the banking authority’s departure from its previous lack of action stance. More importantly, the bank’s recent proactive gesture is a notable development for observers.