The five major banks received 500 billion SLF from the Central Bank, which is equivalent to 0.5% lower.

People's Network, Beijing, September 17 (Lu Jing) According to Sina financial news, after the close of September 16, the market spread that the Central Bank carried out 500 billion SLF operations on the five major banks on the same day, similar to the delivery of basic currencies, the approximate total downgrading is 0.5 age points. Several agencies such as Guotai Junan and guoxin confirmed the rumors in the evening.

500 billion SLF specific operation details are: the Central Bank will make 100 billion SLF to each of the five major banks in the last two days for a period of three months. The nature of SLF is similar to that of the basic currency, it is almost reduced by 0.5%, and the short-term loose of monetary policy is normal.

Qiu Guanhua, Chief Analyst of Guotai Junan banking industry, said that after understanding and judgment, the situation is basically true. Qiu Guanhua analyzed the central bank's policy motives as follows: 1. hedge the influence of partial management of deposits to prevent man-made money shortage; 2. Poor economy. He may do something in disguise without downgrading or interest rate cut.

Zhong Zhengsheng, a macro analyst at guoxin Securities, said the rumor was initially confirmed, but the central bank is not expected to disclose it without final confirmation. Zhong Zhengsheng commented that SLF is mainly used to smooth short-term liquidity and is likely to be used at the current time. The probability of lower interest rates in the future is low.

It is reported that the People's Bank of China created a standing loan facility (SLF) in early 2013 ). Standing loan convenience is the normal liquidity supply channel of the People's Bank of China, and its main function is to meet the demand of financial institutions for a long term. Mainly for policy banks and national commercial banks. The duration is 1-3 months. The interest rate level is determined based on the needs of monetary policy regulation and guidance of market interest rates. Regular lending convenience is issued by collateral. eligible collateral includes high-credit-rated bond assets and high-quality credit assets. (People's Network)

The five major banks received 500 billion SLF from the Central Bank, which is equivalent to 0.5% lower.