The Stock Market Is Sluggish &Nbsp; The Reserve Rate Is Temporarily Up To Date.

　　 On the evening of 10, the central bank announced that since November 16, 2010, Deposit increase Financial institution RMB The deposit reserve ratio is 0.5 percentage points.

　　 This is the fifth time this year that the reserve requirement ratio has been raised, so that the bank reserve ratio of the 5 time on the list is up to 18%. Previously, the highest level was 17.5% after the reserve requirement rate rose in June 25, 2008.

According to Wu Yonggang, a finance analyst at Guotai Junan, it is estimated that the deposit reserve ratio will freeze up to 500 billion. For the purpose of upregulated, it is considered to resist inflation and absorb liquidity.

Will hundreds of billions of liquidity absorb a fundamental impact on the stock market and change the stock market in the near future? Upward trend So as to pull the downward trend?

The general manager of a fund company said to the net: "the impact on the stock market is sure to exist, but the increase is not expected to be too great, and it will not cause any trend effect, so it is difficult to change the general trend of the stock market." After 9 days and 10 days, there was a big decline in large cap stocks such as bank shares, and small and medium capitalization and consumer stocks were strong. As the CPI data in October was expected to rise to around 4%, there has been rumors in recent days that the reserve ratio has been raised.

Li Daxiao, director of the British Securities Institute, said that "the market will cause turbulence and will not change the direction of the market." The reason for this is that after the more than 3100 points on the Shanghai Stock Index station itself, there is a need to adjust the demand and the resistance is relatively large. The increase in the deposit reserve rate will extend the concussion time and increase the concussion, but it will not change the trend of the market.

In Li Da Xiao's view, at present, the market liquidity is still abundant, and China's economy is still in a high growth trend, the investment pull effect is obvious, the transformation and upgrading of the economic structure is also in progress, the domestic demand consumption is greatly encouraged, and the overall economic situation is still good. At the same time, the adjustment of real estate continues to prevent capital inflow, while the yield of the money market constrained by interest rate rises is low. Because of inflation pressure, capital flows are only left by the stock market, so the stock market's big trend is still hard to change.

　　 However, some economic researchers believe that interest rates will rise before the end of this year, so that in the case of high inflation, they will gradually enter the interest rate cycle.