On June 15, the Federal Reserve increases interest rates by 25 basis points; China's Central Bank unlike what the market survey thought, did not slightly increase the short-term interest rates in the monetary market, but maintains a net investment of 90 billion renminbi. The independence of the Central Bank's monetary policy is reflected. The Central Bank did not follow the Federal Reserve to raise interest rates, as there is logic from the financial risks. After the early disposal of financial risks from both inside and outside of the regulators, China's financial risk situation has changed; as China's domestic "deleveraging" and foreign "stable exchange rate" policy intensified, the Central Bank does not need to continue to follow the rate hike. In the future, China’s Central Bank may continue to co-ordinate economic growth and financial risk considerations, adjusting the relevant monetary policy tools according to the need of the time.