China recently witnesses that the monetary policy is suffering trilimma under the pressure of downward economy. According to ANBOUND's point of view, China’s central bank will promote the capital account convertibility when stabilizing the interest rate, in a bid for seeking Renminbi to be involved in the SDR basket. In terms of domestic economy, the monetary policy should maintain the neutral key tone, and dredge the mechanism of guiding monetary policy via structural reform, to eventually realize the policy target of upgrading economic operation efficiency and steady growth.