From this month 15 days rise, the Central Bank reduces reserve of deposit of RMB of bank of commercial bank of country of the large commercial bank, share-holding system commercial bank, city commercial bank, region that be not a county, foreign capital formally to lead a percent.
This is the Central Bank falls the 4th times since this year accurate, be in before this 3 times respectively this year in January, in April, in June, calculate those who get on this to fall accurate, the Central Bank this year already accumulative total reduces legal deposit reserve to lead 2.5 percent.
Release capital to make an appointment with 1.2 trillion yuan
This second Central Bank falls allow 100 base point, release capital to make an appointment with 1.2 trillion yuan in all, make an appointment with with the MLF that expired on October 15 at repaying among them 450 billion, release increment fund 750 billion.
National do one's best gives aid to since this year in small small company grows, solve industry financing difficult problem hard. Standing conference decision established the State Council March national financing assures fund, invest through equity, assure again wait for a form to support various places to begin financing to assure business, drive each capital to give aid to small small company. June, the associated print and distribute such as the Central Bank, silver-colored meeting that keep watch " the opinion that serves about deepening banking of small small company further " , increase monetary policy to support strength.
In constant Ren Zeping of dean of old economy academy looks, face go lever, go against the multiple target such as reform of cycle adjustment, hurried, this second fall to show policy orientaton takes seriously gradually further definitely anticipate firm economy, firmly.
The Central Bank: Will continue to implement dovish and neutral monetary policy
"People bank had reduced deposit reserve 4 times to lead this year, somebody fears whether we are loosening money. " on October 14, easy program of Central Bank president is in gave on seminar of G30 international banking 2018 response, current monetary policy maintains dovish neutral, did not loosen already, also did not tighten up. There is enough policy tool to be able to be applied in monetary policy kit.
Yi Gang expresses, broad sense money is added fast add with nominal GDP fast comparative basically, social financing dimensions is added fast it is about 10% , also be in reasonable level. Integrated afore-mentioned elements, can reach Chinese monetary policy maintains the conclusion of dovish neutral.
Guang Dayin analyses a report to point out all right, this directional fall to be affected to RMB exchange rate definitely finite, RMB hopeful keeps smooth to one basket money move. After short-term market risk goes out clear, the RMB will return to main area afresh.
Orgnaization: Fall to affect neuter to estate market definitely
Zhao Xiang of analyst of negotiable securities of trade of short for Zhejiang Province expresses, this second fall to affect neuter to estate market definitely, repay on one hand the metaphase that is about to expire is leasehold and convenience, the rest of for the last ten-day of a month in October duty period advent is opposite strong. To developing business level, it is under the circumstance with financing not comfortable environment, accompanying continuously the credit debt of tall look forward to expires under the pressure that answer carry out, develop business general more depend on a sale to return a money, the part develops business to choose to trade a volume with valence, lateral test and verify also can get in the condition that sales promotion seeks a fund.
Zhao Xiang thinks, because open to booking policy of card price fixing to be carried out strictly in heat city, development business is under capital pressure, abandon price gain weichiing and choose rapid turnover to seek a fund, increase namely push dish obtain early days land quickly can open to booking condition to enter town.
In easy house academy wisdom warehouse center studies chief inspector severe leap forward looks, fall the will reduce an enterprise effectively loan cost after allowing, to large development business gets commercial bank credit in the part is to have relatively positive effect, conduce to an enterprise obtaining new fund source.
With large real estate chief analyst Guo Yi also hold is similar opinion, those who fall to be helpful for fluidity definitely is comfortable, concentrated to capital model for real-estate industry, it is certain to will be formed prop up, conduce to stable floor city, increase start working amount, the land that reduces each district frequency to go out flows take appearance drifting mark.
A hopeful is negative to developing periphery market influence
The United States local time on October 10, the US stock encounters " black on Wednesday " , path point to drop greatly even more 800 a little bit, accept points to steep fall 4.08% , suffer be a burden on of cruel defeat of US stock of of the previous night, 11 days of Shanghai are deep two town are small low go, 3 big show Pan Zhongjun drops exceed 6% . Shanghai shows afterwards is early dish of puncture " fusing bottom " succeed add be issued to lower levels of 2638 bits, approach 2550 a little bit for a time, achieve since adjusting new low; Deep card is become point to and do poineering work board point to achieve 4 years to come new low.
Wide hair negotiable securities says, directional fall accurate hopeful releases short-term fluidity, hopeful is negative to developing periphery market influence.
Wang Zhiwen of galactic international analyst thinks, cement, capital construction and insurance board piece the likelihood is the first selection that short line trades. However, long-term prospect still depends on the main policy of exchange rate of Sino-US relation, dollar and China is reformed (reduce tax for example) .
