Why can I choose to downgrade now?
1. Changes in the external environment have freed up space for domestic monetary policy.
A series of recent events, including US SVB Bank SIVB.O and Credit Suisse Group, may increase fluctuations in overseas financial markets and overseas economies, and slow down the pace of the Fed's vigorous interest rate hikes.
2. Inflation in China is relatively low, and there is room for further easing of monetary policy.
3. At present, the lack of effective domestic demand is still the main contradiction. The recovery of domestic consumption and demand requires moderate monetary support.
4. Support greater demand after economic recovery. If the economic recovery is expected to be better, the fields of consumption, real estate, technological innovation, and infrastructure will generate greater capital requirements at that time.
influencing
1. This downgrade is an overall downgrade, which is estimated to release 50 to 530 billion yuan of long-term capital into the banking system.
At a time when domestic demand in the Chinese economy is unstable and the external environment is changing drastically, the central bank's move is also reasonable.
2. Significance of the signal: It should be said to be a relatively clear signal of further relaxation of monetary policy, indicating that after the two meetings, a new wave of government support policies is already on the way.
3. For the stock market: Good!
$Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $Credit Suisse (CS.US)$ $SVB Financial (SIVB.US)$ $USD/CNH (USDCNH.FX)$ $First Republic Bank (FRC.US)$ $BABA-W (09988.HK)$ $ANHUIEXPRESSWAY (00995.HK)$ $CHINA UNICOM (00762.HK)$ $DATANG RENEW (01798.HK)$ $TENCENT (00700.HK)$