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"强社融+降准"原因何在?对A股影响几何?_财经评论(cjpl)股吧_东方财富网股吧


  
  
【观策·论市】“强社融+降准”原因何在?对A股影响几何?6月超预期的社融数据显示目前国内融资需求整体尚可,预计社融增速下滑最快的阶段已经过去。此次降准的原因在于:1)对冲到期的MLF和弥补7月缴税高峰的流动性缺口;2)降准释放的资金是无期限和零成本的,通过降准把到期的MLF置换掉,未来不需要进行不断续作,本质上是总量偏中性的流动性置换操作;另外降准有利于降低贷款成本,引导对小微企业的支持;3)在流动性总量基本保持稳定的前期下,降准对通胀的影响有限。而之所以选择全面降准,与当前农村金融机构的准备金率已经较低不无关系,且大行同样承担了较多的小微企业信贷支持任务。综合而言,此次降准有利于缓解市场对国内资金面的担忧,但在当前货币政策以稳为主的格局下,业绩仍是核心抓手,建� ....

United States , Czech Republic , Jinmen Xian , South Korea , Liu Wenping , Baidu Li , Asia Pacific , Union Ning Tesco , Amap Country , Associated Press , Agency Service Countya Agriculture , Bank Sheng , Health Management , Technology Innovation , Assembly On Shanghai , Research Center , Network Alliance , Industrial The Association , Service Logistics , Price Mom , General Assembly , New Agency , Ultra Market , Information Management New Regulations , New Notes , State Department ,

"强社融+降准"原因何在?对A股影响几何? _ 东方财富网


  在降准置换MLF到期以及弥补短期流动性缺口的情况下,此次降准是总量偏中性的流动性置换操作,有利于实现降成本、调结构。降准并未改变货币政策稳字当头的方向,在此情况下,业绩仍是市场的主要锚,建议围绕半年报超预期、三季报景气仍将持续的思路进行布局和调仓。
  
  
【观策·论市】“强社融+降准”原因何在?对A股影响几何?6月超预期的社融数据显示目前国内融资需求整体尚可,预计社融增速下滑最快的阶段已经过去。此次降准的原因在于:1)对冲到期的MLF和弥补7月缴税高峰的流动性缺口;2)降准释放的资金是无期限和零成本的,通过降准把到期的MLF置换掉,未来不需要进行不断续作,本质上是总量偏中性的流动性置换操作;另外降准有利于降低贷款成本,引导对小微企业的支持;3)在流动性总量基本保持稳� ....

United States , Czech Republic , Jinmen Xian , South Korea , Liu Wenping , Baidu Li , Asia Pacific , Union Ning Tesco , Amap Country , Associated Press , Agency Service Countya Agriculture , Bank Sheng , Health Management , Technology Innovation , Assembly On Shanghai , Research Center , Network Alliance , Industrial The Association , Service Logistics , Price Mom , General Assembly , New Agency , Ultra Market , Information Management New Regulations , New Notes , State Department ,