Chinese New Year is drawing near and the market demand of liquidity is increasing while the sensitivity towards capital shortage gets stronger. ANBOUND research team suggests the central bank to consider multiple factors such as supply and demand of liquidity, monetary market interest rate and so on. Then flexibly identify the operational timing, size, term and varieties for the relevant tools. For the time being, the central bank should moderately ease the liquidity, restart the "reverse repurchase" and mitigate the interest rate volatility.