Saturday, December 18, 2010

"Black Monday" no reserve ratio to?

Proceedings, in: http://"tight monetary policy," announced the third day after the first year, the Central Bank of 10 increases the deposit reserve ratio. 8 December, the Central Bank said that from the date of December 25, cunkuanlei financial institutions RMB deposit reserve ratio increased by 1 percentage point to 14.5%, a record 20 years historical high. For just spent the last week of unilateral rising, looking forward to next week's market be inertia of Yangzhou shareholders on rush, this is undoubtedly a "blue", and therefore raises many doubts in the minds of investors: at this point out this "hard hand", the intention? increase the deposit reserve ratio on the market? yesterday, the times invited Yangzhou digital senior analysts, authoritative interpretation of this increase the deposit reserve ratio.

【 Keywords increases the intensity of the timing and 】

Puzzled 1: the stock market rebounded, "hard hand", the intention?

According to reports, the 10th year catches the deposit reserve ratio, is the largest one, the one percentage point increase, ordinary cunkuanlei financial institutions will perform 14.5 per cent of the deposit reserve ratio standard, the standard even hit a 20-year history.

"The stock market finally bottomed out, then put in this policy, do not know what mean?" yesterday, in the vicinity of a village of Po-post, a member of the public side read newspapers journalists complain. In just the past week, Shanghai and deep into that have rebounded, Shanghai week rose 220 points, with turnover of moderate magnification, Chenggong is considered to be the lifeline of half a year and 5000 point of important integer. Week-package "Yang Yin" combination, also let the majority investor rejoiced that next week will continue rebound market, investors on this point so much effort to raise deposit reserve ratio be complaining.

● Explanation: However, analysts are unanimously that the Central Bank, this increases the deposit reserve ratio, and does not relate to the stock market.

According to reports, adjust the deposit reserve ratio is the traditional one of the three instruments of monetary policy, commonly referred to as the Central Bank in accordance with the mandatory requirements of certain commercial bank deposit rates reserved liquidity. "According to the Central Bank, this increases aimed at implementing the central economic work Conference of tight monetary policy requirements, strengthening the management of liquidity in the banking system, inhibiting the growth of monetary credit too quickly and not on stock market regulation". Haitong securities Yangzhou sales registered securities analyst Pan Xiao Xuan felt that, because of the intensity in the market is expected to increase, the short-term market will be affected, but some investors believe that this is for a stock market regulation instruments and this caused unnecessary anxiety is superfluous.

【 Keywords today quotes 】

Puzzled 2: today is the "Black Monday"?

Prior to this, the Central Bank of 9 times this year have raised the deposit reserve ratio, announces upward after the first trading day, there are 7 times, only two decreased. While the previous announcement, November 12, the Shanghai composite index fell 2.4% from the announced after a period of time to study the movements of the stock market, no one will raise deposit reserve ratio for stock production direction reversal. However after this increase, the increase of the number of shareholders raised the first trading day after the pessimistic that might encounter the "Black Monday".

● Explanation: China Merchants securities Yangzhou Sales Department General Manager d da Feng believes that the stock market has its inherent run run by national law, as well as funding, policy, company fundamentals, and many other aspects of each raise deposit reserve ratio while freezing of millions of funds, but compared with other factors, is not sufficient to alter the direction of the stock market is expected to run this great intensity of upward, causing low open today, but next few days, stock index will follow the existing rules.

New era securities Yangzhou sales registered securities practice analyst liujianwei believes that this will raise deposit reserve ratio to the stock market to a certain negative impact due to the current market is just from November collapse came in slowly, and in the first week of December Pfeifer, ushered in a bull market's weak period, the deposit reserve ratio by once again rise than previous on the market, because the weak city will magnify bad.

Almost all of the securities industry that today the market's low drive no suspense, as is low on low to go or low open, high, depends on petroleum, and other market indicators unit on the market, due to the impact of a large bank stock plate in Shanghai and Shenzhen stock index occupies a great weight, more than half of the analysts believe that this tape reproduction "Black Monday" is more likely.

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