the report said

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Money should be \
November 19 evening,[link widoczny dla zalogowanych], the central bank announced that from November 29, the raised deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points. This is the fifth round this year the central bank to raise deposit reserve ratio, this time from the last announced raising the deposit reserve rate is only 9 days. This time adjustment, the deposit reserve rate of 18%, the highest in history; the same time, twice announced the increase of 9 days, the shortest interval of time in history.
Cumulative increase of 2.5% during the year, this after the general financial institutions raised the deposit reserve ratio will reach a record high of 18%,Provide comprehensive [link widoczny dla zalogowanych], while the part of the reserve by the differential rate of 18.5% of financial institutions will have to perform the standard.
Raised the deposit reserve ratio is more than a month, the central bank to adjust the third time is the fifth year increase, the cumulative increase reached 2.5% during the year.
According to Central Bank statistics, the end of October, China's financial institutions reached RMB 70.28 trillion yuan deposits,Provide comprehensive [link widoczny dla zalogowanych], this calculation, the increase in deposit reserve ratio by 0.5 percentage points, to 351.4 billion yuan frozen funds. Rough estimates, 5 times by raising the deposit reserve ratio,Provide comprehensive [link widoczny dla zalogowanych], the central bank this year, a total recovery of over one trillion yuan of funds.
Cumulative effect of recent stock market into a bearish or
While some market participants believe that the reserve ratio has not exceeded market expectations, although it may have a negative impact on the market, but the impact will not be like last violent. The reserve ratio on the stock market of more reflected in the psychological level.
However, more people in the industry, said tightening the cumulative effect of continuous introduction can not be ignored. Looking at the situation from the past month, first differentiated improved six bank reserve ratio, then they raise lending and deposit interest rates 0.25 percentage points, since they raise the reserve ratio twice round. If in the future to maintain this trend to continue tightening policy could produce significant effects in a given time, thus affecting the stock market to finance them.
Qingyuan, Guangdong Development Securities analyst Li Junhua registered securities business department,Provide comprehensive [link widoczny dla zalogowanych], the central bank 9 days raised the deposit reserve ratio twice, adjusting the frequency of history of a rare, shows the current phase of a huge inflationary pressure, monetary policy contraction signal clear. With the central bank to raise interest rates and raised the deposit reserve ratio to tighten monetary policy, the cumulative effect caused by the \bad drive \The banking, real estate and other broad market weight plates will be directly affected, short-term stock market uncertainty will increase. Monetary policy tightening will be a further round, the stock market could continue long-term trend is crucial to the good.
Risk-averse buyers should note that
Li recently subscribed for a real estate in a town more than one hundred square meters of the house, in preparation for signing the time of the sales staff to remind him to select the mortgage bank,Provide comprehensive [link widoczny dla zalogowanych], try to choose the bank that the processing time is shorter, because of the forthcoming end of the year,Provide comprehensive [link widoczny dla zalogowanych], some banks may be lending quota this year, not much, Big Sleep, a longer processing time in some banks may not be approved mortgage applications down.
Credit crunch in the banking context, the central bank raised the deposit reserve ratio again on liquidity tightening self-evident. Raising the deposit reserve rate on the impact of personal loans may be manifested in two aspects: First, some banks may require borrowers raise the down payment ratio; second bank may further tighten the personal mortgage interest rate concessions, the first comprehensive suite rates Back to the regulatory benchmark interest rate will be the trend.
Recently, many media reports about the mortgage banks to stop issuing the message, the report said,Provide comprehensive [link widoczny dla zalogowanych], Recently since the CPI rising inflation expectations a strong environment, the central bank's loose monetary policy gradually shifted from the moderate stability, bank loans also will be progressively tightened, especially in the end, the banks loans are basically completed the task, can put small amount. In this regard,Provide comprehensive [link widoczny dla zalogowanych], experts have warned that the central bank to further tighten the money supply, buy a house should be alert to the end of the mortgage banks can not offer to bring the risk of default.
Generally speaking, when people purchase, purchase agreement will be agreed upon: If the loan Banbuxialai buyers who will be seen as a result of their own cause, you may receive a deposit penalty. Therefore, the intention is to buy a house before the purchase should be carefully consult the relevant bank's mortgage policies.
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Financial markets should be selected to avoid long-short
Once again raised the reserve ratio, is full of variables in such cases, the financial market more rational should be cautious. Investors may be concerned about the following three financial products: credit products
Financial experts believe that raised the deposit reserve ratio of financial institutions after the banks for lending funds would be reduced,Provide comprehensive [link widoczny dla zalogowanych], some companies rapid access to funds to ensure the project in a timely manner and successfully launched, may increase the return on investment trust products to enhance the financial appeal. Trust income financial products may increase.
Short-term financial products
Financial products are based on the yield level of interest rates when issued to the pre-designed,Provide comprehensive [link widoczny dla zalogowanych], if the product period, rising interest rates, the product yield may still raise interest rates to keep the levels before. Products, the longer the maturity the more the number to raise interest rates, the greater the loss of the buyer. Moreover, in the middle early redemption, will lose money for fees and liquidated damages. Investors are advised to take account of short-term financial products, but pay attention to two issues: First, the time difference Daozhang funds; Second, redemption rates.
Bond financing products
Another important consequence of tightening, that is, the recovery yield of the bond market, which will help bond bank financial products. The deposit reserve ratio increase than expected point in time, is expected to yield bond market will show a general increase situation, especially in the short-term interest rate products and interest rate swap market.