With the intensive development of ultrafast spectroscopic methods, the cour
se of elementary reactions may be observable on the time scale of molecular
motions. The femtosecond solution chemistry allows the real-time probing o
f solvent cage effects during charge transfers. Recent studies devoted to t
he understanding of electron dynamics in liquid phase are presented and dis
cussed in the framework of quantum theories on nonequilibrium electronic st
ates. This progress provides guidance for further research works on the mic
roscopic description of reactional processes occurring in complicated many
body systems.