Market opening is the keynote of Chinese policy. The recent upsurge of China's stock market is the best annotation of loose policy expectation. However, ANBOUND think tank scholars point out that although RMB exchange rate rebounded, the market still believes RMB exchange rate will fall this year. Judging from the tightening of exchange control, the loose policy in financial field might be a way to show political attitude, while in fact, the policy might be tight.