The central bank requires a reasonable line of funds, financial maturity period clear policy

The central bank requirements for reasonable collocation of financial resources clear deadline policy tone changed Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click on [I want to complain], Sina help you expose them! Remittance network August 25th hearing – according to Reuters: industry sources, the central bank on Thursday (August 25th) China convened a meeting of major bank liquidity management problems, requirements for reasonable collocation of the financial funds deadline, to prevent the financial capital of the period is too concentrated; the central bank and clearly this year Monetary Policy will not change the overall tone. Market participants believe that the central bank move to release the funds still hope to maintain a stable surface information, hopes to reduce overnight financing proportion, to reduce the risk of financial leverage and. Informed sources said that this year, the overnight funds amount (Accounting) has been ranked at around 90%, is too concentrated for the central bank to worry about risk. The sources also revealed that the central bank at the meeting and said, hope all seriously liquidity management problems, if after the expiration of the 14 day repo the needs of the poor, do not rule out the reverse repurchase continue to launch a longer term, to guide the market. Reuters contacted the Central Bank of China on this issue, but said it declined to comment. Shanghai, a bank trader believes that the central bank is to make the financial capital of the period stretched, which improves the proportion of overnight focus too much on the situation, but also can improve the mechanism of financing cost, let you control lever. A department official said the current financial market, in the first term drop lever lever is the direction, the total leverage declined at present on the market excessive destruction. For reducing leverage effect, Founder Securities analyst Yang said, fixed income, money from the bank, the reverse repurchase on liquidity in the bank accounts for a relatively small, a replacement period can affect the cost of capital, but the bank’s overall capital cost increase is limited. He said, now in the case of shortage of assets, asset categories, bond market gains, deadlines are relatively suitable assets, by raising the cost of capital, can make the possibility of reducing leverage mechanism is not particularly large, or even counterproductive, resulting in individual institutions through adding leverage and duration to cover the cost of capital. Loss. After more than half a year later, China’s central bank restarted the 14 day reverse repurchase in the open market on Wednesday. In addition to the liquidity, the extension of the deadline also raises concerns about the regulators’ deliberate leverage reduction. However, from the day of operation results, and before the Spring Festival flat and significantly lower than the two bid rate, slightly moderated impact. Enter Sina Financial shares] discussion

央行要求大行合理搭配资金融出期限 明确政策基调未改 新浪基金曝光台:信披滞后虚假宣传,业绩长期低于同类产品,买基金被坑怎么办?点击【我要投诉】,新浪帮你曝光他们!   汇通网8月25日讯――据路透报道:业内知情人士透露,中国央行周四(8月25日)就流动性管理问题召集主要大型银行开会,要求大行合理搭配资金的融出期限,防止融出资金的期限过于集中;央行并明确今年以来的货币政策总基调不会改变。   市场人士认为,央行此举释放出其仍希望保持资金面平稳的信息,希望通过降低隔夜融资占比,来降低金融加杠杆的风险。   了解情况的消息人士称,今年以来,隔夜的融出资金量(占比)一直高居在90%左右,过于集中让央行担心风险。   该消息人士还透露,央行在会上并表示,希望各行认真对待流动性管理的问题,如果到期后的14天期逆回购需求不佳,不排除继续推出更长期限的逆回购,以引导市场。   路透已就此消息联系中国央行,但其表示不予置评。   上海某银行交易员认为,央行目的是让资金融出的期限拉长,既改善了隔夜占比太集中的局面,也能提高机构的融资成本,让大家控制杠杆。   一大行金融市场部人士称目前看,双杠杆中先降期限杠杆是方向,总量杠杆下降目前看对市场杀伤力过大。   对于降杠杆的效果如何,方正证券固收分析师杨为�表示,从银行资金来看,逆回购所投放的资金在整个银行的流动性中占比较小,做一个置换期限确实能影响资金成本,但对银行整体资金成本提高幅度不大。   他称,现在处于资产荒的情况下,在大类资产里,债市的收益、期限等都是比较合适的资产,通过提高资金成本,能使得机构降杠杆的可能性不是特别大,甚至可能适得其反,导致个别机构通过加杠杆加久期来覆盖资金成本的损失。   时隔逾半年后,中国央行周三在公开市场重新启动14天逆回购。在补充流动性的同时,期限拉长也引发市场对监管层有意降杠杆的忧虑。不过从当天操作结果来看,与春节前持平且明显低于二级的中标利率,稍微缓和冲击。 进入【新浪财经股吧】讨论相关的主题文章: