April 19th night, the central bank announced the quasi drop. Unlike in the past, the Central Bank of China in the intensity and time point of choice are clearly different, highlighting the Chinese decision-making layer to respond to short-term growth and the stability of the financial market to protect the stability of the intention. Speaking from the deeper meaning, a new round of monetary policy and last year compared to differ materially from RRR turn behind not only reflects the "new normal" under China's internal and external economic uncertainty is exacerbated by the fact, showing a more is not in the previous policy of new ideas: knowledge of Chinese decision-making layer reshape China departments structure of assets and liabilities, on the other hand trying to stabilize financial markets in order to avoid the outflow of capital, so as to add the Chinese renminbi special drawing rights (SDRs) escort.

Resource:http://fddi.fudan.edu.cn/index.php?c=research&a=show&rid=438