Lunar New Year holidays in the past, Shanghai and Shenzhen the first week of welcome Year of the Rabbit, and the accident out of the opener market. On February 8 announced a rate hike the central bank unexpectedly control background, out of this upside market is not easy. Data show that it is not bad money in the market in the context of the New Year opening appeared in the three trading days of the full influx of money, just 3 days total inflow of funds within the cities of 2.0341 billion yuan. One Thursday and Friday for 2 consecutive daily net capital inflows totaled 4.6 billion.
short-term funds in the new year off, monetary policy, there have been significant changes. The central bank announced on February 8, February 9 from financial institutions raised RMB deposit and lending rates by 25 basis points. Recalling the central bank's last monetary policy since the second half, a total of 3 times the deposit reserve ratio increase, and 3 raised interest rates for deposits and loans, and 4 of which are located after the last October, that is, during the fourth quarter. In just 5 months time, the central bank frequently shot, return of funds. Highlights the current inflationary pressures should not be underestimated, especially from the previous rate hike on December 26 not only separated in February, the re-adjustment of the interest rate will effectively be made to stabilize inflation expectations rise, the price is also a central management an important tool. However, there is the lag effect of monetary policy, the final implementation to raise the level of market interest rates, often also need to go through half a year.
tightening of monetary policy is the meaning of the whole society from the tight money supply, demand and regulation of savings to prevent hot money after saving demand of pushing up asset prices and other long-term goal, and the stock market is the asset A. Only the short term, hot money in circulation is still need to find a way out, but the price hike and other tools of the control has not shown its effectiveness.
SHIBOR observed overnight interest rates around the Spring Festival, is not difficult to find, after the Spring Festival, shows the inter-bank funds elastic SHIBOR rate has fallen sharply, from 30 January to 7.983 percent all the way down to February 11 of 2.8850% , down to 63.87 percent. Funds face again since the beginning of February loose at a glance.
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plate turns, driven by the financial side, a plate showing broad based, with only two cities of coal oil, nonferrous metals, two blocks down, fell to 1.65% and 0.70 %. Resources down the one hand, the two plates are rising for overseas commodities markets followed the high holiday adjustment. On the other hand continued to cash in early profit-chips, but also resulted in minor adjustments to two plates one of the factors. Non-ferrous metal plates in which net capital outflow of 1.216 billion yuan last week, Shandong, Jiangxi Copper Gold Tongling Nonferrous Metals net outflow of funds among the three plates, respectively, to 2.01 billion yuan, 159 million yuan and 0.94 billion yuan. Board decline in real estate has slowed down last week, a slight rebound 2.64%, and capital outflows have slowed down, only the outflow of 242 million.
remove the only two blocks down, the other plate full rise. Animal husbandry and fishery by the severe drought which resulted in sharp drop in grain output, and central to secure food production news, among the biggest gainers, rising 7.04% a week. Electrical transport in the context of a large consumer favored keeping the pace of agricultural sector, the week up 6.45% and 5.32%. Transport, net inflows last week, the first plate, reaching 1.036 billion yuan. Shanghai Automotive Weichai Fuyao, net inflows reached 186 million, 126 million yuan and 1.08 billion yuan.
trend continues before the holiday last week, the consumer finance sector continues to be concerned about, automobiles, electrical appliances, wine food, agriculture sector capital flows significantly, the net inflow of 1.03 billion yuan, respectively, 5.7 billion yuan, 5.2 billion yuan and 300 million yuan, of which U.S. electrical appliances, Gree Electric Appliances, Wuliangye, gold and other powerful Cereals Industry shares of capital inflow was, all at 1 billion yuan.
affected by the prices of chemical products, chemical sector funds have also been concerned about the Festival, net capital inflow of 5.9 billion a week, Juhua, Zhejiang Longsheng, Hing Fat Group, the top capital inflow, net inflow of 0.76, respectively, billion, 0.55 billion yuan and 047 million yuan, Salt Lake Potash, Yuntianhua, Yantai Wanhua, Hubei Yihua, Shenyang Chemical, Huaneng Power upgrade stocks of net inflows were more than 20 million yuan. In addition, the instrument electric instruments, building materials, communications, steel, electronic information, commerce chain, travel and hotel sector net inflows more than 1 million.
ranked in the outflow of funds, and non-ferrous metals, coal and oil blocks to a net outflow of 1.22 billion yuan, respectively, and top 750 million yuan, of which Tongling Nonferrous Metals and Jiangxi Copper, the top Xishan Coal and Electricity outflows, respectively, net outflow of 201 million, 159 million yuan and 1.80 billion yuan, Shandong Gold, Chenzhou Mining, Zijin Mining, Luan ring can, Jizhong to the original, COSL and other stocks of capital outflows are more than 5,000 million. In addition, the railway infrastructure, water conservancy, railway machinery, and other funds to sell before the holiday was a strong plate, including CNR, CSR, Gezhouba, Jin billion industry and other significant capital outflows, the net outflow of 428 million, respectively, 2.93 billion yuan, 2.23 billion and 1.54 billion yuan.
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