In 2018，our economy is on the whole stable with the GDP growing at 6.7% in the first three quarters. The People’s Bank of China continues to carry out the prudent and neutral monetary policies. In line with the financial dynamics，The People’s Bank of China takes pre-emptive adjustment and fine tuning measures when necessary to create sound monetary and financial environment for the supply-side structural reform and high-quality development. Liquidity of the banking system currently remains at a reasonable and ample level，interest rates have slight downward movements，monetary credit and aggregate financing have seen moderate growth，and macro leverage ratio remains stable. It is predicted that the monetary policy will remain prudent in 2019，and will be more forward-looking，flexible and targeted. We must improve the transmission mechanism，and balance economic growth against deleverage and rigorous supervision to enable finance to better serve the real economy.