Reserve ratio increases stock market impact geometry

The People's Bank of China yesterday decided to raise the reserve requirement rate of 0.5% of deposit-type financial institutions from January 18 onwards. This is the first time in 16 months the central bank to raise the reserve ratio, the current 3,300 points under the turmoil of the market impact of consolidation geometry? Last night, the reporter wired an interview with Societe Generale, Wuhan sales analyst Zhou Jinghuan.　　He thinks: This adjustment is unexpected to the market personage, have certain influence to investor psychology, to the stock market short-term also may cause certain fluctuation, but will not change the trend of a a A shares in the long line. Zhou Jinghuan said: The increase in reserve requirements reflects the central bank's intention to tighten the currency moderately, showing the central bank's determination to prevent inflation risk. As of January 5, 2007, the central bank lifted the deposit preparation rate from 9% to 9.5% for the first time, to October 15, 2008, when the central bank cut deposit reserve 16.5% to 16%, a total of 17 adjustments, the stock market trend is not directly related to the adjustment of deposit preparation rate, but related to the bull market. Bull repeatedly rose in 2007, and in the Big bear market in 2008, the increase in deposit reserve ratio plunged, the downward deposit reserve ratio will also plunge.　　Of course, specific to the plate, bank stocks and property stocks may fluctuate slightly larger, but also only short-term fluctuations. Looking forward to the Wednesday stock market trend, Zhou Jinghuan that the central bank may be reflected in the opening to increase the reserve ratio, but the trend will be followed by the stock market their own rules. At present, Prev is still in 3,100 to 3,300 point of the box running, in no volume breakthrough 3,300 points of the important pressure, the market is still a balanced vibration of the city.