First, control currency issuance.

Second, control and regulate government loans.

Third, we should promote open market business.

Fourth, change the deposit reserve ratio.

Fifth, adjust the rediscount rate.

Sixth, selective credit control.

Seventh, direct credit control.

Monetary policy case: adjusting the statutory reserve ratio to curb inflation. The reserve ratio was raised on 20 10/month, which was the first increase in reserve interest rate after a lapse of more than one year in June 2008. We believe that there are three main reasons for the increase in the deposit reserve ratio: First, the economy is worry-free. It was announced that China's export growth in June 2009 was 17.7%, far exceeding expectations, which was the first growth since June 14, providing new evidence for China's sustained economic growth. Second, the inflationary pressure is already obvious. According to the latest report of Shen Yin Wanguo, it is estimated that the inflation rate will be 2% in June 2009 and 3.2% this year, and inflationary pressure will rise. Finally, the regulatory role and scale of the rise in the interest rate of central bank bills are not enough to achieve the purpose of controlling risks by the government.

Since then, China has started to implement a tight monetary policy. By June of 20 1 1 year, the deposit reserve ratio will be continuously raised 12 times to tighten liquidity and curb inflation.