Reserve: refers to the funds set aside by the financial institutions of the central bank to guarantee the withdrawal of deposits by customers and the liquidation of funds.
The ratio of deposit reserves required by a central bank to its total deposits is called the deposit reserve ratio.
By adjusting the deposit reserve ratio, the central bank can affect the credit expansion ability of financial institutions, so as to indirectly adjust.
At its simplest, it is a share of deposits that banks need to hand over to the People’s Bank of China to ensure that residents withdraw money in the future.
If deposits are larger than before, banks will have less money to lend on their own.
1. Banks: Due to the reduction of funds, loan profits will decrease, which will have a certain impact on the performance of banks that still rely on the deposit and loan interest margin as the main source of profit;
On the other hand, it will prompt banks to follow up other profit sources more quickly, such as retail business, international business and intermediate business, which will further strengthen the stability and profitability of banks.
2. Enterprises: Due to the shortage of funds, banks will be more cautious in choosing loan objects and tend to large enterprises with large scale, strong profitability and low risk, which will have a certain impact on the financing ability of some large enterprises and many small and medium-sized enterprises that rely heavily on bank loans.
The strong are stronger.
3. Stock market: The impact is very limited, and the range is lower than expected. Most banks are still relatively abundant in capital, and their lending capacity is quite limited.
On the other hand, the PBOC’s tightening policy has been expected for a long time, so the stock market has priced it in at an early stage, just at the moment of the announcement.
4. Fund: No impact.
It’s basically related to the stock market and the bond market.
5. Futures: It has a negative impact on some commodity futures in the short term.
At present China does not have such financial futures, so basically the impact is not big.
6. Deposits: Banks will step up efforts to attract deposits, but it will have no impact on ordinary people.
The dollar rose, gold settled at a near six-week high and oil was held back at the 80 mark.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
