December 21, the interest rate is Santa Claus brought boots? _ Li gang _ Sina Blog

�� Financial Observatory �� 1, for the carrying out of tight monetary policy decisions, people's Bank of China: from 21 December 2007, adjusted financial institutions RMB deposit and loan interest rate, a one-year deposit base interest rate from the current 3.87% to 4.14% by 0.27 percentage; one-year lending benchmark interest rate by the existing 7.29% to 7.47% by 0.18 percentage; the other grades of deposit, loan, base rate adjustments. Personal housing fund loan interest rates unchanged. This adjustment prevents economic growth by partial quickly became too hot to prevent prices from structural rise to apparent inflation. Comment: this is an expected and intended effect of policy, the central economic work Conference of tight monetary policy is not possible to simply adjust the deposit reserve ratio, the year the interest rate is just and evening events. From a structural point of view, this is a typical non-symmetric rate hike, the Central Bank for a different period of deposit and loan interest rates take the direction and magnitude of the adjustment to market of short-term liquidity would not constitute a significant negative impact on the psychological effects, from this two-day market performance, it really is a Santa Claus brought to you by the ' boots '. 2, the Central Bank in late November of PBC survey shows that nearly 50% of the population considered moderate, savings deposit rates will pick-up. Q2 this year residents think deposit rates "moderate"-by-quarter rise in the ratio of the quarterly 39.6% this quarter, a total of 46.3% 6.7 percentage points and reached the survey at their highest level since. In contrast, the fourth quarter of the population that currently choose to purchase stock most cost-effective accounted for more than a quick decline, falling by 8.5 than quarter of a percentage point, to 35.8%, temporarily ended up 4 quarters of fast rising trend. Review: fourth quarter market turbulence, a high degree of reduced investment in the secondary market of residents. 3, according to Guosheng securities statistics, 2008, to sell shares lifted 812.20 billion unit to the current weighted average share price of $ 15, the lifting of the ban is worth about $ 12200 billion. According to statistics, the next March, August and September will be restricted shares of lifting heights, especially in the third quarter of next year, lifting large record peaks, market demand will be significantly increased. To sell shares in 2008 due to the lifting of the required funding of approximately 1200 billion. Review: one side is the tight monetary policy, on the other side is marketing funds needs increase, in 2008 the Fund surface tension will continue to market the possibility of taking structural market in larger. 4, people's Bank of China Research Council thematic group yesterday forecast, GDP growth in the first half of 2008, annual 11.0 10.9%; CPI rose in the first half of 2008 full year for 5.9% 4.5%. Review: the role of macroeconomic regulation has gradually emerged. �� Up hotspots direct �� 10: 10 bad out is good, the interest rate the message into a short good, stimulating high low open stock index. But the high stock index-5100 points, got bogged down in technical units pointed upward pressures still larger, short-term strength cannot be market volume of tie, then the market will remain a shock consolidation pattern. �� Lunchtime side comments �� boots landing does not mean that the double-bottom formation of early trading stock index affected by interest rate News stimulation low open, high-performance walk once dominant, but eventually got bogged down in 5100 points, turnover is only an incremental. The market's reaction to the rise in overall calmer, on the one hand, the market interest rate for the year, as expected, have basically been bad digestion, the interest impact of larger financial real estate early fall is most likely to interest rate news of early release, currently these plates have stopped falling and began to play. On the other hand, the interest rate hikes have adopted an asymmetrical approach to below the market generally expected 0.54%, also, to a certain extent, mitigated the bad impact on the market. Market, many people find that the interest rate the boot floor means double bottom formation, reverse start. Li gang do not agree with, from today's side, the rise of many are oversold rally in stocks, in addition to the non-ferrous metals due to performance support, you may embark on a wave of decent rebounding, other active does not present much of the rise in space, the somewhat restricted the market bounce height, stock index-high come down displays its still fall trend line trading volume of repression, but also effective amplification, a real possibility of a double bottom is small, thus, more recent market will remain a shock consolidation. �� Up hotspots direct �� 13: 50 on this side, non-ferrous metals was prominent, chihong zinc and germanium has daily limit, previous investment-a salon mentioned nonfemet and jiaozuo Wanfang are up 5 points. --Small vines also remains optimistic about me now, hehe. Jiaozuo Wanfang, nonfemet has small double bottom, build complete fundamental performance is quite good, like nonfemet's quarterly performance would be $ 1.3, city win rate is only 24 times, jiaozuo Wanfang quarterly bulletin 1.17 element, earnings also 27 times, is a very good investment in the middle. --Li gang