
7.21 Good news everywhere but no volume
On Tuesday or Wednesday, there was Reuters gossip at the close saying the central bank would cut the reserve requirement ratio and interest rates. We waited three to five days, even passed the weekend, but there was no further news... Eventually, the interest rate cut started with a 10-basis-point reduction in reverse repos—better than nothing. Post-meeting policies were said to offer a lot, but the fly in the ointment was limited market liquidity, while seemingly benefiting many industry sectors. High EQ: afraid it won’t rise fast enough; low EQ: electric fan market. The SSE 50 Index posted nine consecutive gains, yet the market remains sluggish. Over the weekend, CITIC Securities was the hottest topic...
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

