What be short of fluidity to be short of?
Be affected by market fund insecurity, from last week 5 begin, of the stock market drop continuously, a V happened yesterday afternoon model invert; Be in likewise yesterday, the manner of the Central Bank also produced change it seems that, in the announcement that issued last night, make known his position to say to had offerred fluidity to prop up to orgnaization of a few finance. And before this, the Central Bank is insisted all the time say fluidity is enough, determined do not turn on the water. A day in, what to produce after all? Be what reason is pushed after all tall such do one invert? The market how is the manner to the Central Bank unscrambled after all? Shen Zhu of compere of channel of CCTV finance and economics and hair of country of news analyst of engage by special arrangement change appoint Lin Yun of news analyst of unripe, famous finance and economics comments on Zhang Yan of academic committee secretary-general jointly.
The Central Bank a day make known his position 3 times, the market does not lack cash; The money that put an amount how dish vivid? Fluidity is confused under the bureau, what change will money market produce again?
Market Shanghai points to now appear low a posture of wide cut concussion, end closing quotation, shanghai points to a newspaper 1951.49 a little bit, drop 8.01 a little bit, drop for 0.41% , become greatly point to a newspaper 7566.4 a little bit, rise 71.3 a little bit, go up for 0.95% . Shanghai deep A Zhou Er performs deep V to be turned round greatly, in midday dish drop approach the circumstance of 6% to fall for a time, shanghai points to be close to finally close smooth. Afternoon, the Central Bank, card inspect is met, silver-colored inspect meets a personage be in Shanghai land home of mouth forum make known his position to be thought to carry brace up the confidence of the market.
Much at 6 o'clock last night, hang out of website of Chinese people bank reasonable attune reduce expenditure uses a sex, safeguard the announcement with monetary stable market. Up to on June 21, countrywide finance orgnaization has Fu Jinyao is 1.5 trillion yuan, normally the circumstance falls, 6689 yuan can be satisfied pay liquidation normally demand, if maintain,control in 1 trillion yuan, enougher, so overall look, current fluidity gross is not in short supply.
Introduced from the northern and western nationalities or from abroad Xiao Lian () of assistant presidentthe most popular norton internet antivirus of Chinese people bank: Should say the fluidity whole of bank system is very abundant since this year, and the pays gold fully level of the bank also is higher, to going a few days bank market produces bigger wave motion, central bank had adopted relevant measure to stabilize the market, we see these days, the interest rate of monetary market is in fall after a rise.
Begin from last week, many banks are quickening put on sale a few in product of short-term conduct financial transactions, yield is almost a day a price, site of a the reporter is in Beijing is Haidian area industrial and commercial bank sees, product of conduct financial transactions shared 5 that day, it is to protect entirely this model product, having 4 time among them is 34 days, buy date to be centered in mostly these days, start amount has 50 thousand yuan, 500 thousand yuan reach 1 million yuan, 5 million yuan differ, anticipate year change yield to be respectively 5% , 4.7% with 5.5% . The reporter investigates discovery, much home bank spread out deposit to guard battle.
Construction Bank staff member: We also are afraid of the client e.g. us, be given to be attracted by other bank, opposite income is so higher, so everybody is worn in the contest go up taller more, actually you are bought now more appropriate, after you spent this month for example, very possible profit can come down, this is current so a state.
The reason that rises with yield of product of partial conduct financial transactions is similar, reporter discovery, be in Shenzhen, partial bank already suspended extending secondhand the room borrows money, be in company of a landed intermediary, the staff member is busier call to the client, signal the change that present loan policy and loan interest rate produce.
He Min (Shenzhen) of director of company of intermediary of some house property: Of dead stop return, did not do temporarily like used of Construction Bank dead stop, do skill only.
Lin Yun: From today A this operation that expression will come to see the Central Bank is to reform by understanding deepen
(" CCTV finance and economics is commented on " news analyst of engage by special arrangement)
This the Central Bank is well-prepared, it is to have view and have a way, above the view with respect to 3 unscramble, one step by step let the market put wide state of mind; Another, the bank is in yesterday, 12 billion those who expire counter-purchasing putting the infuse that did to covert to the market, return pair of a few specific finance orgnaizations additionally, the Central Bank is told is the orgnaization of a few finance that accords with macroscopical and careful principle, did the support of the fund that chooses surely, so this measures how many Central Bank to did not say, but apparent Central Bank has backup medium, it is to have a view, those who have a way.
As to the stock market, we see the report of the stock market is more intense, the repair capability of ego is stronger also at the same time, why? When market fund is close, the stock market becomes the Chi Yu that is reached by disaster very easily, was torn open east the wall goes filling on the west wall, in the morning so we see the stock market is one fast drops, and present stock market because have ticket of financing be in harmony, a financing that especially 220 billion is control adds lever this is in at that time is more dangerous, so from afternoon can in light of ego rehabilitate, it is the movement of the Central Bank, include not to eliminate to have the measure of form a complete set of a few markets of other, after rolling out, the market tends stable, and from today A expression can have unscrambled what this operation that is the Central Bank is to reform by understanding to deepen further, move real, do poineering work today so board representing Chinese economy to want transition, should upgrade so small board piece was to appear one goes up greatly, this can see capital or some, additional, ideal, the dream still is some.
Zhang Yan is unripe: If of the United States quantify loose policy to exit us to be met by concussion and influence bigger
(" CCTV finance and economics is commented on " news analyst of engage by special arrangement)
We are right now this situation, everybody looks very clearly, the first basic fact namely, is the whole world to lack cash? Do not lack cash, quantify because of the United States comfortable, japan is quantified comfortable, europe is quantified comfortable, so quantify comfortable later, which did these money go? These money did not enter the hypostatic economy of beautiful, day, Europe, having so is to pass on the Qian Shi border of one part quite arbitrage and cover benefit to enter system of a few burgeoning economy and developing country, so include to resemble China such country.
The 2nd problem, when the United States quantify comfortable if exit, so will tell from economic system of the whole world, where is the easiest be harmed? It is certainly so be in the United States quantify comfortable when exiting, will tell from the whole world, be in the place with your macroscopical policy and not cautious monetary policy, the price still resides your asset not to fall high, have the place of bubble economy suspicion even, so be in these places, it is in quantify comfortable when exiting, it may be compared by concussion and influence big, this ought to say is to include us. Be told norton internet antivirusso from this angle, everybody has a more unified opinion, think to be below this kind of circumstance namely, the Central Bank serves as namely quantify comfortable exit this kind answers strategy to tell, namely your macroscopical monetary policy must be compared careful. Because this is below current economic situation, everybody thinks the bank should be adopted consistently more careful, is not toward macroscopical economy affusion, make bubble economy more flush so a kind of macroscopical economic policy, people considers as more reasonable and effective.
watch caseLu Zheng appoint: The Central Bank cannot tolerate exceed loose money to furnish the level mixes the interest rate of the 3rd quarter and even whole second half of the year to compare a chance to extricateoneself from an awkward position first half of the year
(The bank that start line of business is presiding economist " CCTV finance and economics is commented on " news analyst of engage by special arrangement)
I think is the position with the market extremely high rate watch case openerin front has ended at least, but should say to be in completely this is to vanish completely entirely in the day, I want to be afraid this kind of point of view is too optimistic still. Our judgement is, as a result of yesterday this statement of the Central Bank, express clearly to be able to stablize short-term unusual wave motion, stable market anticipates, also can be so a few accord with this (requirement) the support that macroscopical and careful orgnaization provides liquidity, and the orgnaization to other, of fluidity government occurrence issue also can take corresponding punish step. The interest rate height that before this means this, appears has gone, the interest rate of prospective currency market is met gradually hasten is smooth, so called the extreme nervousness of this market, I feel to had gone, but still facing lunar end in June after all, and whole the 3rd quarter is festal rife actually a quarter, so the rectify a deviation that adds this, also mean the Central Bank to cannot tolerate to exceed the supply of a such loose money in fact, this means the interest rate level of the 3rd quarter and even whole second half of the year, be met and compare first half of the year, a step.
Qu Hongbin: "Qian Huang " it is the Central Bank intended and basically be to force a bank to go for it lever is changed
(Area of big China of the bank that collect abundant is presiding economist " CCTV finance and economics is commented on " news analyst of engage by special arrangement)
I feel the manner of the Central Bank is so called this kind of Qian Huang, the Central Bank is on may certain level intended and do it, basically be to give a bank pressure so, force a bank to go lever is changed. But action of this kind of caution basically I believe was to obtain certain result, but meanwhile, everybody knows, caution action does not mean us to want to allow this kind of condition that capital violent wind promotes truly, maintain too long, such word may is opposite hypostatic economy, right whole this kind of system causes too big loss. Will tell from this kind of meaning, the Central Bank is in in corresponding at the beginning ground degree go up to be able to one one or two is grasped, I believe the Central Bank or should continue to be applied to the bank on one hand pressure, make the bank can continue lever, go managing oneself fluidity. So additional on one hand, the fluidity of whole banking system is enough goes supporting a smooth hypostatic economy to move.
Lin Yun: This pressure checks the Central Bank is must the resolution that yielded the market to see the Central Bank is reformed
(" CCTV finance and economics is commented on " news analyst of engage by special arrangement)
I feel the Central Bank has two objectives, a fluidity that is pair of whole money market does a pressure to check; The 2nd, he is to hope orgnaization of relevant a few finance can do to be answered actively, such is next, commercialize e.g. our interest rate brass faucetmake a preparation. If say interest rate of such a short-term is fluctuant, financial orgnaization is panic-stricken, do not have answered way, then you can imagine, is the interest rate later commercialized dare be pushed? Dare not push. From the back beautiful couplet store after QE policy comes out, it is not quite good that we should take a few steps of the exchange rate that use commercialize, prepare for this so, should say the Central Bank this test is must, he lets a determination that the market saw the Central Bank is reformed.
Since short-term interest rate appears substantially fluctuant, upgrade goes, so some of person is about to be forced to become original intervening capital high in order to compare, will tear open east the wall fills on the west wall, this has a lesson. Still we had seen some finance orgnaization has been in answer actively, we saw bank of the people's livelihood hold media to communicate yesterday meeting, discussing their recent management case, I feel to still show a kind of such a few information that answer actively fully among them.
Zhang Yan is unripe: How can the finance that real problem is us actually just be hypostatic economy service
("watch case manufacturer CCTV finance and economics is commented on " news analyst of engage by special arrangement)
Will tell actually, the rise of our cthe most popular selling norton internet antivirusurrent interest rate and this incident, I think it is short-term, real problem still wants to solve actually, namely how does finance serve for hypostatic economy now. What mistake did the United States make after all in 10 years of in the past? Why can be Aobama's president told quantify comfortable reform? 10 years when go namely, we can discover, this part that American finance is serving for fictitious economy grows flourishingly, although can give the United States to bring prosperity, but also make the United States is immersed in the crisis finally, did not have method 56 years to walk out of predicament in the past.
That is to say, so Aobama stresses the reform that extends finance later, the meaning of core is American economy edifice also cannot be built again fictitious economy is to serve direction in finance, and should adjust an American economy edifice to want compose to be built on the base with hypostatic solid economy. China also is to be faced with now so a crossroad, the economic large building that how can make us that is to say builds the solid mansion that serving for hypostatic economy transition from beginning to end, and on the beach that doesi want modern dining chairs not want compose to be built in fictitious economy. In this respect, namely the reform ability with very much need of our commercial bank is done. Fall in this kind of circumstance so, that is to say, how can call a bank to be able to hold to the direction that serves for hypostatic economy, the bank needs to do more works.
Lin Yun: The Central Bank prepares in the reform that is future insecurity of this kind of short-term is in can accuse limits inside
(" CCTV finance and economics is commented on " news analyst of engage by special arrangement)
I feel impossible to take an old road, this test is to was bigger reform to make a preparation, I believe the reform that is a spilt water cannot be gathered up again, do not have the road back to one's former position. Through the test of this kind of pressure of the Centthe best selling watch casesral Bank we had seen, financial orgnaization is being done answer actively. Bank of the people's livelihood had compared insecurity yesterday will do with investor, orgnaization communicate, come out his management circumstance exposure. Then we can see, the bank of this part the people's livelihood that is not mark is to tell want to basically can be handled on July 20 end, and the place that the asset quality with local bank drops basically is Shanghai, shanghai probably bad Zhang rate can be achieved 1% . We should see financial orgnaization is in answer, and be sure to look in safety from this, he is make investment way a few adjust, retreat from monetary market e.g. configuration of his some capital, go sending other something next, you can see a such answered processes, also the Central Bank is willing to see this believes, it is dish of vivid asset.
The phase that I feel the most dangerous, perhaps say the most nervous when had gone, my individual thinks last noon is the most nervous, because this is torn open east the wall fills the wall develops the stock market on the west, the stock market has lever, so once the stock market appears to drop continuously, touch particularly easily ordinary common people, cause a few a bit bigger queasy, so the Central Bank still succeeds this quite, because since want to do pressure,check, with respect to need extrude nods a thing to come, need choosing is above a crucial node. A crucial node is by this June so, it is each finance orgnaization pressure test can be done when be being tightened relatively, so we see, be forced in the stock market yesterday after a corner, began an activity to rise today, do poineering work especially board what go is very driving. This can see, this the Central Bank is trying dish later, from the back above higher level, administrative layer is met somewhat movement, so I feel this try dish should be a success, we arwatch casese false alarm only, see us next or have latent capacity, have answered capacity. Say the Central Bank just tries a hand this so, it is to be future to do reform to prepare, the strain of this kind of short-term that so we see is to be in the limits that can accuse.
Zhang Yan is unripe: It is difficult that the commercial bank needs assault fortified positions to overcome for hypostatic economy service
(" CCTV finance and economics is commented on " news analyst of engage by special arrangement)
I feel or should be the adjustment that one is coordinated as a whole direction, include to resemble the policy of people bank namely, the policy of the canal outside also including, also include the policy of business affairs of imports and exports, also include to send change appoint the policy of whole macroscopical economy adjusting control, I feel should multibarrel falls together. 3 months return tomorrow is to should give people to build a few confidence, stabilize the confidence of people, because this is told from whole main area, in the strength that structural adjustment should increase among careful process. The first, medium and small businesses cannot need money, the 2nd, wait these reform a moment like shadow bank among measure, also include the canal that we flow into like hot money now to accuse, whole these policy should have a better harmonious mechanism, make us whole and macroscopical economy can keep stable.
Is actually the problem of core in which? Bank of that is to say serves for hypostatic economy transition, so this within Central Bank wants reform, actually the commercial bank also needs reform, so the place that the commercial bank should reform namely, it is difficult to need assault fortified positions to overcome for hypostatic economy service really, what is because are we hypostatic now,economic circumstance? Namely we are faced with very serious overproduction now, those who include us is heavy change, the equipment that includes us is made, include our steely trade, the strategy that also includes us is burgeoning industry...
(CCTV " CCTV finance and economics the best selling north face shirts" )
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