The fund that establish a letter expresses, the Central Bank reduces loan at the same time standard interest rate and deposit reserve are led mean a money constrictive policy becomes loose somewhat.

On one hand, this is a government exceed the response that anticipates place is done possibly to degree of economic growth slowdown, on the other hand, as a result of American money market queasy, chinese government adopts arrange inflict to prevent potential impact. From will for a long time look, this one policy shows “ of base oneself upon protects policy of macroscopical adjusting control to accuse”determination.

Data statistic shows, was in this year in August pull the “ that moves economic growth 3 in driving carriage ” , investment and export growth range all drop somewhat, consume amplitude to also be faced with meanwhile put delay. The job that “ keeps ” is formidable still, and “‘ double fall ' policy looks for a long time from which, be helpful for answering economy to add fast the pressure that puts delay, alleviate difficulty of financing of medium and small businesses and the problem that speak an enterprise to be faced with. ”

In the meantime, the Central Bank still is maintaining the vigilance to monetary policy, “ accuses ” not lax. Especially, this interest rate reachs what deposit reserve leads to reduce the fine tuning and rather than that is confined to policy to loosen money in the round.

Shanghai negotiable securities signs up for Wang Wenqing