The People's Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on March 27. Wu Lixian, a strategist at Everbright International Securities, said that this shows that the mainland will continue to take stabilizing economic growth as the main starting point at the monetary policy level in the future. Meanwhile, after crisis events broke out in the periphery this week, including Silicon Valley Bank and Credit Suisse, the mainland also hopes to provide more liquidity support to the local financial industry to ensure steady economic development in the future. It is expected that this downgrade will bring great benefits to the financial sector. At the same time, industries that require a large amount of capital, such as Chinese-funded real estate and infrastructure sectors, can also help reduce their capital expenditure costs.
光大国际证券伍礼贤:降准利好金融、地产和基建板块
Everbright International Securities Wu Lixian: The downgrade favors the financial, real estate and infrastructure sectors
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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