本刊编辑部

2017年春節刚过，人们还在回味过年的味道，央行忽然上调MLF（中期借贷便利）、SLF（常备借贷便利）和逆回购利率，随后逆回购也没有如期而至，这让市场嗅到了流动性收紧的气息。

那么流动性调整意味着什么？未来货币政策走向如何？货币政策的变化会对不同行业和企业带来哪些影响？CFO（总会计师）如何响应这些变化及其影响？本期文章为您精彩解读，敬请期待！

The 2017 Spring Festival hasnt gone far away， and people are still recollecting the pleasant flavor of it. Suddenly， the Peoples Bank of China raises the rates of MLF， SLF and reverse repo. Afterwards， the reverse repo wont come at the appointed time， which makes the market smells the tightening of liquidity.

Then what does the liquidity adjustment mean？ Whats the future direction of monetary policy？ What kinds of effect will bring to the different industries and enterprise when the monetary policy changes？ How CFOs respond to those changes and influence？ All these problems will be discussed in detail in the following sections， please look forward to it！