China's version of quantitative easing?

The biggest essay on the market today is the Chinese version of quantitative easing.

I don't know how this little essay has spread so widely, and so many people have forwarded it and believed it.

Falsification of this does not require a high level of knowledge of economics.

Because treasury bonds are also particularly high-quality financial assets in our country, they are generally sold out by the market without the central government's mother's purchase.

As of now, the interest rate on long-term Treasury bonds that are being traded has been compressed below 2.5%.

A lot of money is idling in the financial system, and at present, it cannot find a higher yield target, so it has been buying Treasury bonds wildly.

The only thing that can be trusted by the central bank to expand its balance sheet and print money is real estate funds.

Because they are the ones who are most short of money in the market right now.

As I said in the official account before, now that the domestic economy is in the throes of transformation, many people have lost confidence in other investments after their real estate dreams are shattered.

After all, what has risen for decades has always been the spiritual pillar in the hearts of Chinese.

Moreover, China's manufacturing industry is now very involuted, and the gross profit margin is relatively low.

Some bosses are also reluctant to invest in high-risk, high-return high-tech companies.

Because of the U.S. technological blockade of China.

Our situation has not opened up either.

So most of the money in the market is idling inside the banks.

At present, the main investors are state-owned enterprises and the government.

In addition, once the balance sheet is expanded and money is printed, the impact on foreign exchange is also relatively large.

The central government has maintained the exchange rate for a long time, because the exchange rate has a great impact on the mainland's manufacturing exports.

It is impossible to cut off the leg of the manufacturing industry just because it wants to connect the leg of real estate, and this overall development policy is not denied.

For the central mother, at most, guide commercial banks and non-bank institutions, and help real estate enterprises more.

It is better to be able to make a soft landing.

Speaking of the A-share market itself, today, stimulated by the small composition, the low-altitude economic sector led the market to stand on 3,000 points again.

A shares will always be 3000 points.

The short-term index may oscillate repeatedly around 3,000 points, and a deep decline is unlikely (especially if the pessimistic expectation is that it is impossible to return to 2,600)

If you want to continue to break through, you still need to look at the actions of foreign capital after March.

As I said last night, the current incremental funds can only be seen by foreign capital at present.

So foreign capital is a good indicator.

In the selection of plates, take a look at the cyclical stocks of copper, gold, aluminum, in addition to the low-altitude economy and Xiaomi cars and the hype of P70 mobile phones.