並要求收到錢的大行進場拆出資金,昨日上海同業拆款利率下滑
至5.83%. 文告一出, 滬深A股從-6%大幅抽升.
人行再硬,也經不起滬深股市連續兩日狂瀉超過12%, 比金融海嘯2008-2009還要慘.
昨日小弟從幾個內地的機構看來的文章,所謂的 "陰謀論",似乎奏效了.
A股市場的參與者,98%是內資機構與散戶. 內資機構火燒上身, 有系統性,協調性的
一起進場狂拋股票. 金融機構叫停貸款,收回已承諾的信貸,停止票貼, 再停止央票融通,
把全中國大中小企業一起拖下水, 人行與習李也硬不下去了.
過去兩日進場買股與ETF的, 應該賺錢有望了.
下文節錄自人行官網:
"为保持货币市场平稳运行，近日央行已向一些符合宏观审慎要求的金融机构提供了流动性支持，一些自身流动性充足的银行也开始发挥稳定器作用向市场融出资金，货币市场利率已回稳。6月25日，隔夜质押式回购利率已回落至5.83%，比6月20日回落592个基点。随着时点性和情绪性因素的消除，预计利率波动和流动性紧张状况将逐步缓解。"
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PBOC Says It Will Ensure Stability of China Money Market
By Bloomberg News - Jun 25, 2013
China’s central bank said it will use tools to safeguard stability in money markets and tight liquidity is set to ease, giving the first official signs of relief for a cash squeeze in the world’s second-largest economy.
The People’s Bank of China has provided liquidity to some financial institutions to stabilize money-market rates and will use short-term liquidity operations and standing lending-facility tools to ensure steady markets, according to a statement posted to its website yesterday. It also called on commercial banks to improve their liquidity management.
The statement is the first public confirmation of central bank action to ease a crunch that sent China’s overnight repurchase rate to a record last week and came hours after Ling Tao, deputy head of the PBOC’s Shanghai branch, said liquidity risks were controllable. Premier Li Keqiang is seeking to wring speculative lending out of the nation’s banking system after credit expansion outpaced economic growth.
“The message is clear: the central bank doesn’t want to see a tsunami in China’s financial markets, and market rates will drop further,” said Xu Gao, Everbright Securities Co.’s Beijing-based chief economist, who previously worked at the World Bank. The PBOC is giving the market “a pill to soothe the nerves,” he said.
Policy makers’ reluctance to add liquidity contributed to tipping the CSI 300 Index (SHSZ300) of Chinese equities into a bear market on June 24. Yesterday, the nation’s stocks posted the biggest swings in 22 months. The Shanghai Composite Index (SHCOMP) fell 0.2 percent at the close after declining as much as 5.8 percent.
Tight Liquidity
“With the elimination of seasonal and emotional factors, interest-rate fluctuations and the tight liquidity situation will gradually ease,” said the central bank, which attributed the increase in borrowing costs to a rapid increase in lending, cash demand during a holiday earlier this month and changes in foreign-exchange markets.
The overnight repurchase rate dropped 47 basis points to 6 percent in Shanghai yesterday, according to a daily fixing compiled by the National Interbank Funding Center. It hit a record 12.85 percent on June 20 and has averaged 3.12 percent this year.
Financial institutions’ cash reserves stood at about 1.5 trillion yuan ($244 billion) as of June 21, compared with the 600 billion yuan or 700 billion yuan sufficient “under normal circumstances” to cover payment and clearing needs, the central bank said in the statement. “The present liquidity is not insufficient.”
Closely Monitor
“We’ll closely monitor the change of liquidity within the banking system going forward, flexibly adjust liquidity management based on international payments and the liquidity demand-and-supply situation,” Ling said at a briefing in Shanghai yesterday. The PBOC will “strengthen communications with market institutions, stabilize expectations and guide market interest rates within reasonable ranges.”
Ling’s remarks preceded the city’s annual Lujiazui Forum financial conference starting tomorrow.
While “liquidity conditions may become less volatile” the PBOC’s policy stance will probably “remain tight,” Zhang Zhiwei, chief China economist at Nomura Holdings Inc. in Hong Kong, said in a note. He sees a 30 percent chance that the economy will grow less than 7 percent in the third or fourth quarter.
China’s central bank lacks the degree of autonomy enjoyed by its counterparts in the U.S., Europe and Japan, with the State Council, or Cabinet, playing a leading role in setting policy. The nation in March completed a once-in-a-decade leadership transition, with Li becoming premier.
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