This report of the monetary market section mainly includes the following contents：in the first place，it summarizes the overall performance of the monetary market in China. This part mainly explains the reason for the scale shrinking of the money market since 2016. Secondly，the report analyzes the price linkage mechanism of the monetary market during the first three quarters of 2018，draws a picture of price dynamics change in the monetary market. In particular，we analyze on the influence factors of interest rates in the monetary market from the perspective of monetary policy objectives and the balance sheets of the central bank. Then，we do an analysis of the investor structure of the money market. After completing the above analysis，we analyze the important events in the monetary market in the first three quarters of 2018. At last，looking forward the performance of the monetary market in 2019：we believe that the trading volume of the monetary market will begin to resume growth in 2019，and the transaction is expected to reach 750 trillion yuan. The Peoples Bank of China will carry out about five times the RMB deposit-reserve ratio cut in 2019，so we have good reasons to believe that the RMB deposit-reserve ratio will be further reduced by 3%. The interest rates of the monetary market are expected to fall further，with the short-term interest rates expect to remain in the range of 2% to 2.5%，and the long-term interest rates expect to remain in the range of 2.8% to 3.5%.