China Securities Network (Reporter Wang Wei) On Wednesday, the central bank launched an anti-purchase operation of 80 billion yuan for 7 days and 50 billion yuan for 14 days in the open market. On the same day, 130 billion yuan reversed the repurchase due, fully hedging the amount due on the day. Neutral hedging for the second consecutive day.
Market participants pointed out that in the case of liquidity is still tight, the central bank's open market operations (OMO) to achieve neutral hedging, indicating that monetary policy remains "not loose." At present, the pressure on the maturity of funds before the end of the month is still not small. The superimposed payment and the end of the month factors will keep the capital fabrics in a tight balance. However, with the support of the central bank for “replenishment of water†and the impact of tax payment, with the increasing demand across the moon, If it is satisfied, the overall pressure on the fund will continue to ease, and it is expected that liquidity will see a more significant improvement after the month.
Under the care of the central bank's continued liquidity, there is a sign of slow improvement in the margin of funds, but the overall situation has not yet been relaxed. Yesterday, in the inter-bank pledged repo market (deposit institutions), the main term interest rate also rose. The overnight weighted interest rate rose about 2BP to 2.742%; the indicator 7-day weighted interest rate rose about 3BP to 2.8199%; the 14-day weighted interest rate fell about 1BP to 4.0732%, indicating that the market is expected to improve liquidity after the month.
Today's interbank 1-day pledged repo rate opened at 2.55%, the previous day's weighted average price was 2.742%; the inter-bank 7-day pledged repo rate opened at 2.65%, and the previous day's weighted average price was 2.8819%.
Guoxin Securities 002,736, attending Comments shares in the latest research report said, the capital side to maintain a tight balance, the central bank open market operations only rushed on the amount, indicating that the central bank monetary policy is not tight or too loose attitude, near the end of the plan period with gradual capital It is expected that the overall pressure on the funds is not large.
In the news, the 2017 PBOC branch president symposium was held. The meeting stated that it will continue to implement a prudent and neutral monetary policy, maintain moderate growth of monetary credit and liquidity, and strictly regulate financial market transactions and strengthen Internet finance. Supervision; comprehensively improve the efficiency and level of financial services around the real economy; continue to deepen financial system reform; and steadily expand financial opening up.
Shenwan Hong source 000166, diagnostic review of the Securities said the meeting noted that the neutral continue to implement prudent monetary policy and maintain appropriate growth of money and credit and liquidity basic stability, create a suitable monetary and financial environment for supply-side structural reforms. At present, de-leverage has achieved certain results. The leverage ratio of the bond market has been low overall. The central bank does not have the need to reduce the on-market leverage ratio by raising the interest rate of funds and increasing volatility. It is expected that the central bank will continue to maintain stability in the second half of the year. Maintain a stable financial environment.
Huachuang Securities said that the central bank's monetary policy has not turned loose. Regardless of the perspective of over-storage rate or the central bank's open market, the central bank has maintained a sound and neutral monetary policy tone. The reason why the funds face in June was still relatively loose in the context of the decline in the over-reserve rate, mainly because the central bank conveyed the signal of maintaining stable liquidity in June to the market in advance, and increased liquidity in the first half of June. The intensity of the market has stabilized the market expectations; on the other hand, fiscal deposits have hedged the central market's open market; in addition, financial de-leverage has led to the contraction of the industry chain and the reduction in capital demand.
Customized work wear based on EU standard. All types of uniforms are available, such as regular polo shirts for corporate, enterprise and group events wear, reflective polo shirt, work shirts for construction and engineer wear. We have cheap cleaner uniform and hotel wear based on high standard.
Any types of uniforms are available to sale, we can do OEM based on customer's request.
Custom Work Wear, Reflective Polo Shirts, Work Shirts, Reflective Tshirt, Roadway Polo Shirt, Cleaner Uniform
Shaoxing Xiaotrain Imp.&Exp Co., Ltd , https://www.xiaotrain.com