
But joint fund company public figures indicated that looking from yesterday’s card, the market is quite tranquil to the reducing the interest rate response, the bond market did not have the too big fluctuation, this explained was prescient the great fund has digested the reducing the interest rate advantage in the market to be good ahead of time. But looking from the history, on one round rises the rest cycle not to be able to change the bull market the step, this round reducing the interest rate is also very difficult to change the present stock index the movement tendency, most will form a small fluctuation to the stock index trend, but will possibly have a difference to each tectonic plate’s influence, must pay attention to the bank and the real estate two big tectonic plates with emphasis to the stock index the influence. Country Yuan negotiable securities strategy analyst Zheng F also believed that reduces the interest rate cannot fundamentally change stock market’s trend, the merely 27 basic point’s drops cannot let the common people take the money from the bank the investment stock market, at present affects the stock index rise the key aspect the size must the question.
Advantage good bank neutral real estate Although this reducing the interest rate is the extension which first two times reduces the interest rate, but speaking of the influence, this reducing the interest rate with is different before this regarding various professions’ influence. The letter constructed throws negotiable securities banking industry Researcher She Minhua to indicate during the interview yesterday that looking from the reducing the interest rate concrete data, this reducing the interest rate may also be called the asymmetrical reducing the interest rate, but asymmetrical reducing the interest rate before this reduced the bank spread to be only different, this asymmetrical reducing the interest rate could expand the bank the spread only. Because the present Commercial bank deposit’s big end is the current deposit, but 3 year time and 5 year time deposit’s quantity overall is very small, therefore this time spread’s expansion relatively is only limited to the bank stock achievement’s tangible impact, overall the reducing the interest rate to the bank stock influence is neutral leaning frontage.