China Financial Daily

Experts say the central bank does not tighten the net liquidity is still running
August 25, the central bank issued in 2009 No. 63 open-market transactions Bulletin: Issue a central vote-year 50 billion yuan; 28-day period for repurchase 10 billion yuan. Thus, in August the first 25 days, the three-month period and one-year central ticket distribution chain are increased in size. Meanwhile, during the period the size of the central bank’s repurchase ring is a more significant increase than 71%.

Although the tickets and are central repo rate has been stabilized, but by the size of the central bank’s intention to fine-tune increasingly evident.

Coincidentally, 25 of the stock market fell sharply again last Shanghai A-share composite index fell 77.63 points, led the market down the same day, while it is bank shares. Of course, the same day decline in banking stocks there are other multiple factors, including management’s tendency to tighten capital requirements, Shanghai Pudong Development Bank [20.69 -0.43%] for nearly 150 billion non-public offering is approved, the management intends to tighten the two sets of mortgage and the U.S. financial system has not fully stabilized and so on.

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