In the month of October, China's currency interest rates continue to rise, the short-term liquidity is still tight. Anbound believes that on the whole, next year China's monetary policy is likely to be tighter than the current one, and there will be the combination of the tighter currency but looser fiscal macro-policies. As it is not probable for GDP growth to return to 7%, and other factors like the devaluation of Renminbi against US Dollar, the overall higher debt level and the cooling down of overheated housing market, it is expected that the currency policy will be tighter while the fiscal policy will be more active for a period of time in the future. Nonetheless, reform should be vigorously promoted. If the problems are not solved and the situations do not change, the market will not regain vitality. It should be noted that reform is a kind of interest exchange between the government and the market as well.