China's economic situation is complex, the central bank tends to operate more cautiously in monetary policy. Anbound research team found that the Central Bank will remain reversing repurchase and taking SLO and SLF as the main short-term adjustment tool in open market; meanwhile, timely starting the Central Bank Bill and repurchase when more foreign exchange inflows. Without significant change in economic fundamentals (official views), the benchmark interest rate and RRR will be shelved. However, frankly speaking, China's current economy has already been trapped in a "weak recession", the Central Bank may still need to cut the interest rates, which seems yet to be considered by the decision-makers.