U.S. “Interests” The current People’s Bank preempts the release of water

In ancient times, “Six or Six Dashun” was said. ZTE (00763), who had been “dead and alive” for many times, passed a fine of US$1.7 billion in exchange for “resurrection,” and Apple’s US stocks closed up 0.77% for two consecutive days late on Tuesday. The record high of the day’s record was only a pity that the stimulus to the A-shares was only a flash in the pan, and the market continued to contract weak shocks, and the transaction dropped sharply to even RMB360 billion (RMB. Same below). It is convinced that investors will still wait and see what the “Special Fund” held in Singapore next Tuesday will bring to the Sino-US trade war. Even before June 15, the US will really impose a 25% tariff on Chinese imports worth US$50 billion.

At the same time, the confrontation between China and the United States in the Taiwan Strait and the South China Sea is still strained, resulting in A-shares mimicking “insulators” since the “into the Mount,” and remain indifferent to the good news.

In addition to the “7-year ban” of ZTE’s hopes of lifting the ban, the U.S. media released another tone yesterday and pointed out that last week’s Beijing round of Sino-U.S. trade “consultations”, China proposed to purchase nearly 70 billion U.S. dollars of agricultural products (soybeans, corn) and energy from the U.S. Products (natural gas, crude oil, coal, etc.) “On the premise that the Trump administration has renounced the tariff threat to China.”

The statement about the suddenness of the hearing seems to underscore the weakness of the Chinese side, even the “humiliation,” but it was immediately “denied” by the official WeChat public number “Bovine Piano” and alleged that “it was known from the informed sources that these figures are speculations.” .

Personally, the U.S. side first rushes Beijing with a “waiting for price” mentality and waits for the “special fund” to achieve the expected result. It is convinced that Beijing has not “frustrated” before it makes a final decision on the ZTE Incident and Sino-U.S. trade. The decision.

Although Beijing is currently “putting a life into its own hands”, it is not willing to wait until it arrives. It has continued to focus on various aspects such as loosening monetary policy, attracting foreign capital, and preventing financial risks, so as to enrich the economic base.

In particular, the People’s Bank of China yesterday exceeded the RMB 463 billion one-year MLF operation after the expiration of the MHL (Mid-term Loan Facility) of RMB 259.5 billion, equivalent to the release of medium- and long-term funds of RMB 203.5 billion. This may be due to the tight liquidity of the half-year settlement period. Happening. This time, the PBOC is overcharging the MLF rather than the RRR (reserve reserve ratio). It is believed that considering that the United States will hold a meeting next week, all parties are expected to raise the interest rate by a minimum of 25 basis points. Therefore, the MLF will be slated to be over-provisioned in the second half of the year. Consider lowering standards, even with asymmetrical interest rate hikes, that is, the “Three Musketeers” described in the market to release liquidity.

In addition, the “arrival” effect has indeed contributed to the “drinking medicine and drinking” market. Northbound funds have recently sought to acquire “white horse stocks” such as pharmaceuticals and liquor, leading the stock price of Kweichow Moutai (600519.SH) to break through 800 yesterday. Yuan integer closed, but unfortunately closed down 0.29% to 785.7 yuan, the total market value fell after the water rose over 1 trillion yuan. Year-to-date, Maotai’s stock price has risen by 14.2%, and it has been fulfilled again in Li Bai’s poem, “Only Drinkers Keep Their Names”. If we match the long-term positive factors of consumption upgrades and the short-term factors of the World Cup football for two weeks from next week, it is believed that the liquor and beer shares can still be enjoyed as a cup.

However, we have to guard against the fact that 11 PV companies (bosses) allegedly wrote to the official Xinhua News Agency on the previous day that the “cries” authorities should not be too fierce to change. If these words are translated “translated” more directly and directly, it is tantamount to believing that policies should not be “one size fits all” so as to avoid repeating the vicious cycle of “putting in order and getting rid of one thing and dying as one” in the old policy.

This is not only the storm of “Yin and Yang contract” continued to plague film stocks. At the same time, A shares have been adjusted in succession. According to estimates by the mainland’s Tianfeng Securities, 319 A shares face the risk of collateral damage.

More serious is according to foreign reports, Facebook data disclosure door (data sharing partnership), involved Huawei, Lenovo (00992) and at least 4 Chinese electronic products companies, how to follow-up fermentation, worthy of everyone’s attention.