Hot money effects reproduce p minus 3 in terms of interest

Liu Yuan: The actual interest rate flooding or see 2 this reporter Zhou Ying although yesterday, the stock market returned to vomit, however, the cumulative increase of more than 2,000 points in a short period of time, coupled with the gradual improvement of the peripheral economic system in the United States and the influx of hot money from overseas, has also led to a slump in the property market under the wealth effect and the use of home ownership. Meridian Group expected, as the bank balance rose to 253.1 billion yuan yesterday, since record highs have helped to further reduce mortgage interest rates, I believe that in the second half of the year, the interest rate spreads for Hong Kong, commonly known as the P reduction discount, will be expanded to reproduce the excess low-interest rate of P minus 3 to 3.25 pct (P is now 5.25), 　　That is, the actual interest rate dropped to 2.25 to 2 pct. Meridian Mortgage Referral Chief economic analyst Liu Yuen-Yuen said at a press conference yesterday that Hong Kong's stock market has been performing well recently, and that the one or two-hand property exchange has continued to be buoyant, and with the gradual improvement of the US-dominated peripheral economy, the overall economy of Hong Kong has shown a good momentum of recovery. 　　Nearly 8 months since the onset of the financial tsunami in October last year, after a round of all-out rescue efforts by governments, the recent release of a number of economic data has been a welcome sign of a bottoming out, encouraging a flood of foreign hot money into Hong Kong's investment market, with the bank balance rising to $253.1 billion yesterday at record highs. One-month Libor fell to 0.11. She added that the current banking system in Hong Kong was very well-funded, May 13 one-month interbank rates fell to 0.11 levels, in the new low level after mid-November 04, it can be seen that the cost of banks and even the risk premium will continue to be low, helping to further reduce mortgage interest rates, and I believe that in the second half of the year, the rate spreads will be widened from the current P minus 2.75 to P minus 3 to P minus 3.25 　　That is, the actual interest rate will be lowered from 2.5 to 2.25 to 2 pct. 　　She pointed out that the further downward adjustment in interest rates, coupled with the heavy lifting of the property market, had stimulated the property prices of this year, driven by ample supply of funds and demand for loans, with an annual increase of 20%. In the first March, the new loan was urgently increased. In fact, in the first three months of this year, the amount of new mortgage loans is 6.1 billion, 7.1 billion and 8.9 billion respectively, which is expected to benefit from the new mortgage demand in the coming months, and in the next two months, the amount of new mortgage loans will be returned to the pre-crisis level. That is about 17 billion yuan. At present, the 60% market share of the four major banks in the mortgage market can be maintained and the small and medium banks will continue to fight for the remaining 40%-50% markets.