China's economy is shifting to a stage of high-quality development. It is crucial to promote the transformation of the framework for China’s monetary policy and create a monetary and financial environment that meets the requirements of high-quality development. This paper reviews the evolution process of the framework for China's monetary policy since the reform and opening-up, compares it with the mainstream changes of the framework for global monetary policy, analyzes the internal logic of the change of the framework for monetary policy, summarizes the practical experience of the regulation for China's monetary policy, and explores the direction of the transformation of the framework for China's monetary policy. This paper argues that the new framework of China's monetary policy should follow the evolving trend of the framework for the world's monetary policy, increase the weight of price stability, and at the same time consider the stage of economic development, the degree of economic transformation and the requirements of social system.
