www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

China more liquid

(Xinhua) Updated: 2015-04-14 09:24

BEIJING - China's tight liquidity lasted over a quarter, but has improved as the 7-day interbank repurchase (repo) rate has retreated, said HSBC Global Research on Monday.

The repo rate has returned to around 3 percent, the level of September, thanks to the People's Bank of China, the central bank, working to lower funding costs. The 7-day repo rate opened at 2.85 percent on Monday, down from 2.9 percent of the previous trading day.

Despite cuts to the reserve requirement ratio (RRR) and deposit rates, funding costs remained high due to 48 initial public offerings (IPOs), the Spring Festival holiday and a stock market rally.

In response, the PBOC reduced its 7-day reverse repo rate from 3.85 percent to 3.55 percent in March and lowered it by another 10 basis points on April 7.

The rate is unlikely to remain below 3 percent towards the end of April due to IPO subscriptions and tax bills on the way, HSBC said.

Thirty IPOs are due from April 13 to 16 in the A-share market and are expected to lock up nearly 3 trillion yuan ($490 billion), the largest batch ever.

"Second, tax payments will start immediately after the subscriptions. Unlike IPOs, tax payments are permanent liquidity withdrawal rather than a temporary phenomenon," the note said.

HSBC expects the PBOC to further lower the 7-day reverse repo rate to control money market rates and, given the potential fund shortage caused by tax payments, another RRR cut is possible in late April or May.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲精品美女在线观看 | 国产亚洲自在精品久久 | 男人的天堂久久 | 精品国产自在在线在线观看 | 思思久热re6这里有精品 | 有码 在线 | 97香蕉久久夜色精品国产 | 欧美午夜精品一区二区三区 | 国产伦理自拍 | 日本www在线播放 | 国产亚洲精品2021自在线 | 国产成人福利视频在线观看 | 亚洲成a人片在线播放 | 中文字幕一区二区三区精彩视频 | 日韩欧美理论片 | 99久久精品一区二区三区 | 国产一级片免费 | 国产成人lu在线视频 | 欧美大片a一级毛片视频 | 一级特黄aaa大片在 一级特黄aaa大片在线观看 | 一级毛片不卡免费看老司机 | 美女视频黄色的免费 | 亚洲精品国产第一区二区三区 | 三级三级三级网站网址 | 国产老鸭窝毛片一区二区 | 国产日韩欧美另类 | 久久院线 | 日韩视频网 | a级片在线观看 | 亚洲精品成人在线 | 亚洲天堂精品在线观看 | 黄色美女视频网站 | 成年人看的黄色片 | 亚洲欧美日韩国产vr在线观 | 久久精品人人爽人人爽快 | 在线观看中文字幕一区 | 成人在线视频一区 | 中文国产成人精品少久久 | 欧美一级毛片欧美一级无片 | 国内自拍区 | 欧美综合一区二区三区 |