HA: The market liquidity is still more abundant throughout the year

Benlin, chief economist of CICC, a special correspondent for Economic Watch, said today that the central bank raised the reserve requirement ratio by 0.5%, the appropriate tightening of monetary policy is the right response to the current high credit, and the market liquidity is still more abundant throughout the year. Ha said that macroeconomic policy as a whole would not change, but the increase was faster than expected, probably because of the speed of credit issuance since January this year.　　But the 7.5 trillion credit crunch this year shows that the market is still flush with liquidity.　　He also said the increase may bring short-term fluctuations in the stock market, but China's long-term economic situation is still good, the increase in reserve requirement ratio has little impact on the long-term index. The People's Bank of China announced late this evening that it would raise the reserve requirement for deposit-taking financial institutions by 0.5% per cent starting January 18, 2010. In order to enhance the financial strength of agriculture, support spring plowing plowing, rural credit cooperatives and other small financial institutions not to raise.