Why Not Buy Three Drugs To Save The Market?

On the 30 th of this month, the central bank, the Ministry of housing and the Ministry of Finance and other departments issued a heavy profit policy.

Including two suites down payment to 40%; the first suite provident fund loans down to 20%, two suites provident fund loans down to 30%, and personal sales for 2 years or more housing exemption from business tax.

Compared with last year's 930 property market new deal, this central rescue effort was significantly enhanced.

However, in fact, in view of the huge inventory pressure of real estate in China, there is still a long period of digestion in China.

Therefore, if we rely on this series of policies to reverse the decline of China's real estate market, I am afraid it will not be effective.

At the same time, from the specific implementation, its actual implementation has great uncertainty.

Among them, for the two suite of mortgage down payment, the future or will usher in certain new loan pressure.

At this point, the lending ability of banks and the overall lending efficiency will become one of the constraints.

In addition, in the face of China's real estate market as a whole, hedge.

Under the downward trend, investors' enthusiasm for buying houses will directly determine the fate of China's real estate market in the future.

Originally, the central government came to the rescue market, whether it would affect the real estate market or the stock market.

However, what surprised the market is that the real estate sector in the two tier market did not come out of a sustained strong trend under the stimulus of the successive rescue package.

On the contrary, after the early opening of the day, the plate began to show a gradual decline.

As of the 31 day of this month's closing, the real estate sector fell by 1.83%, and the whole day was over 5%.

At the same time, with the decline of the relevant plate, the stock market also showed a downward trend on the same day, and the amplitude was above 100 points throughout the day.

The central government introduced a desperate rescue package, but the stock market did not buy it, which triggered a heated debate in the market.

However, from a deeper perspective, the stock market performance is not abnormal in essence.

The reasons are mainly due to several factors.

First, early stage

The rate of increase is too large, and there is good news to increase the meaning of washing dishes.

In view of the current bull market, it can be traced back to last July.

Obviously, the biggest increase in China's stock market has exceeded 90% since last July, and it is close to 3850.

Today, however, the total market value of the stock market has exceeded 45 trillion, and the enthusiasm of investment in the market has also set a record for many years.

As a result, the performance of the stock market has already overdrawn the stimulation of some favorable policies at the time, and when the favorable policies came out, it often led to a huge market turbulence.

Second, the real estate market downward pressure is very great, rescue the market strong medicine may not be able to play an immediate effect.

In recent months, China's real estate market

Relatively large.

At the same time, under the influence of high inventory pressure in many parts of the country, China's real estate market has been directly weakened.

Before the 930 property market new deal, after the current three drug rescue market.

However, in fact, a series of property market rescue policies failed to really reverse the downward trend of China's real estate market.

Obviously, in the face of the huge inventory pressure, I am afraid it will take a long time before it can be effectively digested.

For this reason, the rescue market is limited to the relevant plates and stocks, and the stock market will inevitably see the trend of the huge earthquake.

Third, it does not exclude large funds to purposely wash the dishes, so as to prepare for the stock market's subsequent rush.

Although China's stock market has seen a big increase in just a few months, it seems that the majority of the big money companies have not yet been able to sell large quantities of funds.

Obviously, near the 4000 integer gate, the big capital institution is unwilling to give up.

Perhaps, from the point of view of large funds and institutions, they are more willing to make strong dishwashers by virtue of policies, and then prepare for further market clearing.

The new shareholders are bold and cautious, which is a true portrayal of China's stock market.

However, for large capital and large institutions, they also take advantage of the policy environment and the improvement of the market environment, and have adopted a strong strategy.

At the same time, under the background of the crazy rush of funds, it finally accelerated the rising rhythm of China's stock market.