Deposit reserve ratio raised 0.5% one-time withdrawal of funds 300 billion

One-time withdrawal of funds 300 billion bank returns have no effect on the short-term rise of the central bank's last round of reserve requirements, it is the start of the bull market.　　The difference is that when the reserve ratio rises, the economy is not overheated.　　On the central bank's increase in reserve requirements last night, Guotai analyst Wu Yonggang yesterday pointed out that the short-term impact on commercial banks is "neutral" and will not compress the profitability of commercial banks. "Commercial banks can adjust excess deposit reserves to replenish their reserve reserves to replenish liquidity."　　"The bank's senior economist Lu Commissar also believes that because of market tightening expectations, banks ' bargaining power may rise."　　Wu Yonggang yesterday at the same time, the increase of 0.5% will return about 300 billion yuan, and the central bank a week through the open market operation can return 100 billion yuan.　　But some analysts believe that for the current illiquid small and medium-sized banks, if the policy into a sustained period of austerity, coupled with the CBRC will continue to strictly tighten the loan-to-deposit ratio, long-term perspective will have a negative impact on them.　　Haitong Securities analyst Zhang Minhua that if the increase in the rate of registration is a signal of monetary tightening policy, commercial banks will readjust the structure of large categories of assets, the allocation of funds to the reserves, this allocation may have a negative impact on the profitability of banks.　　According to the data, as of yesterday, the central bank in the open market has been 14 consecutive weeks of net return, the cumulative net Recovery fund of 863 billion yuan, the duration of the long, large scale is very rare.　　It is noteworthy that, while the increase in reserve requirements is the same as open market operations, same as the central Bank's quantitative control tool, but raising the reserve requirement ratio is a "deep freeze" of bank funds, thawing in the foreseeable future, unless the central bank cut the reserve ratio, and now open market operation frozen funds "freeze period" the longest is a year.　　Analysts have calculated that the latest move to raise the reserve requirement ratio, the liquidity of the small and medium-sized joint-stock commercial banks will have a slight negative impact on its profit margins of about 0.5%. Southwest Securities analyst Li Lichun pointed out that the news affected today's bank shares or low open. "The bank stocks of Hong Kong stocks have fallen sharply on 12th, and banks are not expected to move too well today," he said. ”