Gu Mingde'S Influence On The Change Of Statistical Caliber

The provisions of the people's Bank of China on the deposit of interbank deposits into general deposits are strictly related to changes in the statistical caliber, and are more precise statistics on the definition of deposits and currencies.

Many "experts" in the stock market interpreted as releasing 5 trillion and 500 billion loans, the Chinese version of quantitative easing and so on.

It's a big misreading.

Taking account of interbank deposits into general deposits can really increase the denominator of loan to deposit ratio and reduce the ratio of deposit to loan.

However, we must never conclude that the ratio of deposit to loan will be reduced.

Because if the statistics of loans are correspondingly changed, if the scope of general loans is expanded, then denominator and molecules will also expand.

When the people's Bank of China and the Banking Regulatory Commission have not further clarified how to refine the calculation of the statistics and caliber of the deposit and loan ratio index, it is a misreading to assert that it will reduce the deposit loan ratio index.

Reducing the ratio of deposit to loan ratio is not the same as expanding loan scale.

The total scale of social loans is the people's Bank's macroeconomic regulation and control according to the speed of economic development, the capital status of commercial banks and the need to control price targets.

Whether the scale can be expanded is not related to the ratio of deposit to loan ratio. It depends on price and economic development.

The ratio of deposit to loan ratio is stipulated in the commercial bank law of our country, and the safety index that commercial banks must abide by is regulated by the CBRC. Whether commercial banks can expand the scale of loans, of course, does not exceed the index of deposit and loan. However, the specific size of loans depends on the scale of loans of capital and consent.

It is also possible to make appropriate adjustments within and out of the table to bypass the index of deposit to loan ratio.

Comparing the deposits of the same industry into general deposits to enlarge the money supply, the Chinese version of QE (quantitative easing) is even more difficult.

The expansion of the money supply is through the people's Bank of China.

Foreign exchange and open market operations provide the society with basic money, which leads to deposits and cash expansion through various loans and businesses of commercial banks.

The No. 387 document issued by the people's Bank of China only involves the statistical caliber of different deposits, which is not related to the expansion of the money supply.

Of course, we do not deny that the No. 387 document of PBC is a neutral theme for commercial banks.

Commercial banks in business activities due to

Relatively high (China's inflationary pressure), it will be checked by the index of loan to deposit ratio than the index season.

If the statistics are changed, commercial banks can reduce the pressure of deposits at the end of the season and make each quarter end.

It will not make people nervous, but also make money supply statistics more accurate.

However, it is a big misleading market to exaggerate such profits into major monetary policy measures, major changes, China's version QE and the release of 5 trillion loans.

For the recent stock market rally, I have a strong feeling that the bull market is at the end of the strong market.

The stock market has basically gone round from brokerages, banks, middle prefix, steel and real estate. How much more space is there? Compared with the price of Hongkong H-shares, most of them have exceeded the price of H shares.

Rational investors should consider retreat strategically.

Of course, the stock market and the stock market will always be there.

There are also stocks and plates in the bear market.