Currently the Chinese government is concurrently promoting several financial reforms namely exchange rate liberalization, interest rate liberalization and capital account convertibility. ANBOUND think tank scholars believe that China's financial reforms need to have principles and order. The principle of reform is to keep economic operating at a reasonable range and there is a bottom line in terms of economic growth and employment. Judging from these principles, interest rate and capital account convertibility reforms will probably be postponed meanwhile exchange rate liberalization will be the current focus of reform.