The M2 growth throughout January appeared weak and only increased 10.8% comparing to the same period in 2014, marked the new low of 28 years. ANBOUND research team suggests that the mismatch between the slower growth of currency issuance and the performance of economy and commodity price, which will emerge to be part of Chinese economic new normal. When the capital increment is slowing down, revitalizing the stock is more important; meanwhile, new content has been injected into "neutral" monetary policy. The central bank is likely to cut down the reserve requirement ratio (RRR) again in a bid to preventing capital outflow, but the signal of interest reduction is still gloomy.