On May 28th, Reuters reported that recently China's central bank has sold bond repurchase agreements directly to select financial institutions. ANBOUND research team believes that the actions of China's central bank indicate that results of former monetary policies aren’t satisfying. It is difficult for liquidity to enter real economy, which caused a large amount of overstocked funds in banks. Because of the weak economy, the problems that real economy lacks funds and financing demand will exist for a long time.