Tomorrow A shares will open. There are many bullish people. One of the important reasons is China's current monetary easing policy. Discuss, is China's central bank in the window period of monetary easing at present?

Tomorrow A shares will open.

There are many bullish people.

One of the important reasons is China's current monetary easing policy.

Discuss, is the mainland central bank in the window period of monetary easing at present?

After the Fed's massive water release caused inflation, monetary policy turned tight. During monetary tightening, it is necessary for the economy to have a higher growth rate or sufficient capital inflows to offset the money that the monetary tightening has reduced; in order to maintain the stable operation of the economy and society.

In essence, the Fed wants to tighten other countries, not the United States;

In order to achieve the purpose of maintaining the level of the US economy, reducing inflation, and absorbing the economic achievements of other countries.

For China, in the context of the Fed's interest rate hike, in order to avoid capital outflows and maintain stable economic development, the Chinese central bank has adopted monetary easing to stimulate the economy, increase the rate of return on capital, and attract foreign capital into China.

If a large amount of foreign capital flows into China and invests in the real economy, it will be difficult for the United States to continue to raise interest rates. Over the past two months, the Fed has signaled strong monetary tightening, while the renminbi has appreciated over the same period, suggesting that some capital has gone to China. For the United States, this is tantamount to a thorn in the eye.

Therefore, the United States is bound to undermine China's economic policy and not give China comfortable room for monetary easing.

In January, China's central bank announced a rate cut, and us Treasury yields soared during the same period;

On Friday, U.S. non-farm payrolls data unexpectedly improved; pushing U.S. Treasury yields to continue to soar;

In recent times, the United States has still forced the Ukraine crisis;

In recent times, crude oil has risen sharply; pushing the DOLLAR index US Treasury yield higher;

This series of actions by the United States is aimed at attracting or driving capital back to the United States; the means are tough to avoid being cut off by China.

It can be predicted that the United States will take further and stronger actions to continue to promote capital returns; on March 16, the Fed will most likely raise interest rates more than expected.

In this case:

The US-China spread has narrowed sharply, as the Fed raises interest rates continue to shrink;

The opening up of the epidemic control in the United States and Europe has reduced the advantages of China's exports and capital inflows;

The RMB exchange rate is at a high level;

The property market is at a high level;

There are structural bubbles in the stock market.

There is a certain risk of capital outflow in China, and the central bank will not rush to continue monetary easing.

China's central bank's monetary easing must have come after the Fed raised interest rates and the stock market bottomed out.