The article states that, in fact, compared to the heated discussion on the adjustment of the M1 statistics, the recent monetary policy framework's numerous seemingly minor reforms in price control are more worthy of market attention. For example, at the working meeting on self-regulation mechanisms for market interest rate pricing held last week, it was proposed that 'non-bank interbank demand deposits, excluding financial infrastructure institutions, should reasonably determine interest rates based on the 7-day reverse repurchase rate.' Recently, the China Development Bank launched a long-term floating rate bond based on the DR007 rate, marking the first in the all market for 7-day repricing, alongside the central bank's continued reduction in the medium-term lending facility (MLF) volume over several months to gradually compress the MLF balance... These measures are continuously strengthening the position of the 7-day reverse repurchase rate as a key policy rate, gradually clarifying the pricing transmission mechanism from short to long, enabling various market interest rates to more smoothly revolve around the policy rate, ultimately better serving the macro-control function of interest rate policy for monetary policy.