The Trend Of "Green Door" In A Share Market Is Puzzling.

In essence, China's stock market is inseparable from the promotion of capital, but in view of its Policy market As well as the special nature of strict foreign exchange control, once the policy is heating up, it may bring new impetus to the stock market. However, judging from the regulatory actions in recent years, coupled with the recent successive actions of the central bank, in fact, it also reveals the intention of domestic financial deleveraging in the future is still very obvious, and in this context, "stability" is still very critical, and the best result is to seek a "steady rise" situation, which also satisfies the real interest needs of all parties in the market.

The first trading day after the Spring Festival is also the only trading day of the week. The A share market has seen the trend of "green door". The reason for this is that both the external market environment is uncertain and the market is worried about the central bank's interest rate increase in disguised form. From the whole day's stock market, the market trend is still weak, and the Shanghai daily volume can refresh the new low level again, while the Shanghai and Shenzhen two cities can have a total turnover of only 2400 yuan.

The central bank's disguised increase in interest rates seems to be a more worrying topic for the market. In fact, in addition to the SLF and the reverse repo rate rise on the first trading day after the Spring Festival, the central bank also launched MLF operations on 22 financial institutions before the Spring Festival holiday, and the marked interest rate increase was also the first rate hike in the history of MLF operation. As a result, in the face of the central bank's connection, the market will be in a state of panic and anxiety. As a relatively sensitive stock market, it is also under pressure.

For the market, behind the successive actions of the central bank, in fact, it implies that the central bank's monetary policy easing again is likely to decrease, and under the influence of successive increases in interest rates, it implies that monetary policy tends to be neutral. At the same time, from the previous important meeting, we emphasized the argument of focusing on "suppressing asset bubbles". In fact, it has set the tone for the property market and stock market in recent years, while the pressure of domestic financial leverage has also been increasing. However, from another perspective, it is conducive to reducing the potential systemic risks in the market and conducive to the stable and healthy development of the domestic financial market in the long run.

However, in response to the central bank's move to raise interest rates in disguise, it mainly lies in the money market between financial institutions, but it has not directly affected the deposit and loan field, nor has it raised the benchmark interest rate for deposits or loans in real terms. Therefore, from the recent successive actions of the central bank, it is not a real interest rate increase, and its impact on the stock market and the property market has also been exaggerated by the market. Into 2017, for A share market It's not easy either.

The reason for this is that the external environment is uncertain. On the one hand, the measures taken by Trump after taking office have brought many panic to the global investors. If the Federal Reserve takes successive actions to raise interest rates during the year, it will bring a substantial impact on the emerging capital market. Now, the successive actions of the central bank seem to be more or less prepared for the future uncertain risks. On the other hand, the uncertainty of the internal market environment and the policy environment is expected.

Whether the monetary policy is neutral or tight this year will affect the liquidity of the stock market in the future, and if the central bank adopts a series of measures to increase interest rates in real terms and even raise interest rates in real terms, it will constitute more or less pressure on the stock market. Moreover, the factors such as issuing rhythm, refinancing efforts and the progress of registration system in the stock market will also affect IPO. Stock market Bring about substantial influence.

Nowadays, when the risk capital is out of stock and the market is short of continuous new liquidity influx, the intensification of IPO, refinancing and the reduction of cash flow pressure will affect the stock market's stock fund more or less. If the stock market's new liquidity influx is far from the blood pressure of stock market funds, the impact pressure on the stock market will also increase significantly. Perhaps, at this stage, we should maintain the issuing rhythm of stock market IPO, but we can maintain the moderate vitality of stock market by reducing the scale of refinancing and strictly regulating the reduction of cash density.

Besides, the guiding process of long-term funds such as pensions and occupational annuity is also important for the long-term trend of the stock market, which confirms more or less the reliability of the stock market policy. In essence, the long term capital headed by the pension is not to rescue the market or to support the market, but it still needs to come to the capital market to maintain and increase the value of assets. However, given the small scale of initial entry, the impact on the stock market will not be too significant. However, from another perspective, in the context of long term capital acceleration and frequent increase of industrial capital, the investment charm of the stock market has been gradually recognized by the market, which is also a gospel for medium and long-term investors.

For more information, please pay attention to the world clothing shoes and hats net report.