In recent days, many banks, such as the Bank for Peace, have announced that interest rates will be adjusted to give notice of deposit and agreement deposits and will be formally implemented on 15 May. Of these, the Bank has moved up to 55 BP (base point) at interest rates and unit agreement deposit rates for the notification of deposit products for each time period.

Bank-intensive adjustments

Two types of deposit rate

What is the notification of deposits, agreement deposits? In general, these two types of deposits are life-saving deposits, flexible over time, yields better than they are, and are more intended to attract deposits. Notification of deposits is a period of non-consensual deposit, with an advance notice of the bank’s deposit at the time of receipt, divided into one day in advance and seven days in advance. The agreement deposit is a surviving interest rate in part of the agreement line and interest rates in excess of the agreement.

“The interest rates for these two types of deposits are higher than those for general periods of deposit, which are important for banks, but higher interest rates are not conducive to easing net interest-saving pressures.” The Director of the Shanghai Financial and Development Laboratory had just indicated to journalists.

According to journalists, as of 14 May, 12 banks, such as the Bank of Pyongyang, the Banine Bank, the Eastern Bank, the Bank of Sichuan, the Bank of Hebron, the Bank of Wisenans, the Bank of the Hummer Farmers, the Bank of Banzinas Rural Banking, the Bank of the Towns of the Hebron Province, the Bank of the Towns of the Guangxi, the Bank of Romonton Farmers, the Commercial Bank of the Vice-Bank City and the Bank of the Town of Deep Minh Mina, had issued notices of interest rates for adjusting agreements and notification of deposits. Of these, the interest rate for deposit products for each period of time and the interest rate for deposit in the unit agreement are 55 BP lower than previously.

All of these banks mentioned that adjusted deposit rates would be implemented effective 15 May. Some banks referred to the adjustment because of the requirements related to self-regulation mechanisms based on interest rates.

“The interest rate pricing, since the inception of the regulatory mechanism, was previously concentrated on active and fixed-term deposits, neglecting the deposits between active and fixed-term deposits, and requiring a one-time adjustment to the maximum interest rates for deposit notification and agreement deposits to ensure the effectiveness of the downward adjustment of deposit rates.” The Macro Chief Analyticist for Civil-Some Securities, Satellite.

In terms of trends, interest rates for these two types of deposits are still likely to be reduced in the future. The JFA Chief Financial Research Fellow, Dr. Shiqiu, indicated to the journalists that there was still a need to slow down the narrow pressure and stabilize the level of return through lowering deposit rates, depressing liability costs. A quarterly meeting of the Central Bank Monetary Policy Committee suggested “the important role of market adjustment mechanisms for deposit interest rates”. It is policy-oriented to induce commercial banks to moderate down deposit rates, as a concrete demonstration of the role of a market adjustment mechanism for deposit interest rates. It is expected that savings interest rates will continue to decline over the coming period, but given that deposit rates are currently at a lower level and that there is relatively limited scope for future deposit interest rates to decline as macroeconomic recovery and demand for finance increases.

Promotion of net interest differentials for small and medium-sized banks

Creating conditions

In terms of impact, it was generally stated that, for banks, adjusting the interest rates for both types of deposits would help to reduce the cost of liabilities and enhance the economic capacity of service entities.

“As a result of the self-regulation mechanism for pricing interest rates, commercial banks have reduced interest rate ceilings for these two types of deposits, which are conducive to lowering liability costs, increasing net interest differentials and enhancing the economic capacity of service entities.” The journalist was told by the researcher of the Institute of Securities Futures of the Central Bank of Finance and Economics, and by Yang Hao, Director-General of the Ministry of Research and Development of the Net Mongolia Bank.

It has just been stated that this round of adjustments in deposit rates would help to defray the cost of the liability, allow the pricing of deposits to better match the interest rates of the loan and create conditions for commercial banks, especially small and medium-sized banks, to increase net interest margins.

The chief economist and director of the Institute, who opened securities, always believed that the deposit was a public business and that the notice of the deposit was both public and private, but had a certain deposit threshold. Generally speaking, the deposit of agreements and the notification of deposits are largely dominated by public deposit, with little effect on general depositors. For enterprises, interest rates in both types of deposits may be reduced compared to pre-downs, but reduced interest rates on deposit will help stimulate business investment and reduce the cost of financing.

In the long term, the decline in market-free interest rates was a major trend. For the individual population, the rate of return may decline if the medium- to long-term deposit in the asset allocation is higher. The population should balance the relationship between risk and benefits. If sound gains are sought, cash management property items and IMF can be appropriately configured outside the deposit.

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Heavy pounds of ceremonial cartridges

This eternal tower, in good faith with the roll-out of the ceremonies, is the first cooperation of two major well-known IPs, committed to bringing more Microsoft’s experience. The fine-tuning of the ultraviolet cartridges, which are highly fine-tuned, is a collection of cadets containing a Surface Book3, a 708 yuan renminbi and a ceremonial bag containing hypertensions such as happiness Day clothes, advanced dialogs, and brand III in Rodas.

Of course, in addition to joint cassettes, it is possible for competitors to travel to front-line shops to take part in the win-win perimeter and launch a high-level gift package. Merely searching Microsoft’s public name in a microcosm, applicants can search the address and name of all fronts’ shops, experience the eternal bags and fabricated games in the shops, and publish the works to the Microbombo@yongta playr, who is involved in the instant launch of the #AionxSurface, obtain a superficial bag consisting of three boxes of brave sugar nuts, three boxes of advanced diamonds, Easter pillars, etc. An ever-changing Tambo will also select among all the players the most innovative players to give a wall ~ to Vida rabbits.

Synergies to build brand value

Surface Book 3 is currently a notebook at the highest end of Microsoft, with simultaneous connections of monitors and appliances, full size of SD carpridges, and video-editing. The Britishtel® Four Nuclear Dealers, the British Grands®Glix GeForce Independent, is loaded with a storage space of 1TB, up to 32GB.

Separation of PixelSense touches on screens, which can be transformed into large flatter computers with strong performance. In turn, photovoltaic bags and Surface Dial can be created as portable work rooms. At the same time, it is possible to benefit from the adventure of the game and to play a high-handed approach in the most loving games.

As a classical IP under the blessing of the game, every revamped version of the Intensive Meta is committed to leading the talented world. On 28 July this year, the Inseinta, which introduced the old version, was cherished by the various players and, as a result, on 22 September, a new occupier was added. After the start of the game, there will also be an incentive to hold a guard’s pass, special benefits for the GM, and an exponential escalation! Overpayment of benefits ~

This cross-border cooperation with Microsoft is also an innovation in the eternal tone of the life of the players. Associated cassets will be open for sale on 25 September, when they can go to the shops of their own nearest shop, but can also experience graffiti or play, and participate in the events will have the opportunity to win the edges of the periphery and sea size game, with less hearts than the bar!

With regard to Neutralta:

The Inseinta is represented by the play, with a large 3DMMORPG, constructed by the North Korea Ncsoft, with a background of play at the historical level, a fine play, a colossary of real people, and a great play. The story is centred on the conflict between the clergy, the genocidal and the congregators, paving the way for an ambitious world view. As NC’s masterpiece, the Neutralta has created a very fine-tuned Western magic world and an excellent skill flow. The most eternal human-to-people-to-people approach of pertinence makes it embarrassed for every clone, with thousands of people coming to confrontation in the air, outside the battles — more lives, no war!

For Surface book 3:

This is a powerful geostationary computer. It has three forms: strong laptops, flexible flats and portable work rooms. It can help you to deal with the heavy tasks that require strong performance, such as editing large videos and graphical documents, or it can be used to enjoy excellent play experience.

New wave declaration: the posting of this text on the new wave does not imply approval of its views or confirmation of its description for the purpose of communicating additional information.

In addition, Japan’s “Tokyo news” reported on March 5 that in order to welcome the Beijing winter Paralympic Games, about 50 engineers of Toyota company who are usually committed to building cars have developed new sitting ski devices for players to use. During the research and development process, they listened to the opinions of the medal winners of alpine skiing in the winter Paralympic Games, ohui morii and Takaka MURAOKA. Toyota’s research and development of sitting ski began in 2015. The opportunity is that Mori joined Toyota in 2014.

According to the report, Mori resonated with Toyota’s concept of “making better cars”. He applied and said that he “hopes to make effective use of technology and experience and join the development of competition equipment”. Employees proficient in vehicle design and production technology joined in to form a “Mori team” to challenge the research and development of a new sitting ski “Falcon”.

It is reported that in the alpine skiing competition, the contestants either slide down on the inclined snow surface at a speed of more than 100 kilometers per hour, or turn quickly for many times. The focus of research and development of sitting ski is to reduce the weight, reduce the time, and improve the rigidity to adapt to the bending and interleaving during rotation.

The report points out that these are the technologies that people have been pursuing when developing cars. “If we don’t keep improving, it will be difficult to win. We continue to improve our level by responding to Mori’s almost greedy requirements,” said the project leader and engineer Takemoto

According to the report, the 2018 Pingchang winter Paralympic Games was the first show of “Falcon”, and Mori won the silver medal. The R & D team immediately began to improve the Falcon. In 2019, murakaka also joined the R & D project of “Falcon”. In addition to the snow slide test, the R & D team also made effective use of the computer analysis technology and special equipment for measuring air resistance used in the research and development of new vehicles to improve the performance of sitting ski.

The report points out that the fully improved Falcon 2.0 has lost hundreds of grams of weight, nearly doubled its rigidity and reduced air resistance by 9%. Sitting ski can be divided into three parts: ski, seat and suspension. The suspension plays the role of “joint” connecting ski and seat.

Obvious structural characteristics

Last week, the A-share market rose first and then declined, and the main stock indexes continued the shock pattern since February. From the perspective of the short-term cycle, the main line of the oil and real estate market is obviously undervalued, and the capital of the real estate market is obviously undervalued.

From the specific performance of the main stock indexes last week, as of the close of last Friday, the Shanghai stock index, Shenzhen Component Index, Shanghai and Shenzhen 300 and gem index fell by 0.11%, 2.93%, 1.68% and 3.75% respectively. From the perspective of market value style, the callback range of small and medium-sized market value stock indexes last week was significantly higher than that of Shanghai Stock Exchange 50, Shanghai and Shenzhen 300 and other weighted stock indexes.

According to wind data, 2092 of the 4727 stocks traded in the A-share market rose last week, accounting for more than 40%.

In terms of market valuation, Tonglian data showed that as of the close of last Friday, the P / E ratios of Shanghai stock index, Shenzhen Component Index, Shanghai and Shenzhen 300 and gem were 13.1 times, 25.8 times, 13.0 times and 54.9 times respectively. Among them, the current P / E ratios of Shanghai stock index, Shenzhen Component Index and gem index are at the historical quantile levels of 33.15%, 33.01% and 30.00% in recent three years respectively.

Most fund managers’ positions remain unchanged

For the view of the operation trend of A-share in March, a monthly survey report released by a domestic third-party institution last week shows that the confidence index of domestic private equity fund managers in the A-share market in March is 112.8 points.

Specifically, 58% of private equity fund managers held a neutral attitude towards the trend of a shares in March, an increase of 5 percentage points over the previous month; 36% of fund managers are optimistic, and 6% of fund managers are cautious about the market in March.

However, from the perspective of the willingness index of stock private equity fund managers to increase or decrease their positions, the proportion of fund managers who choose to increase their positions has increased slightly. Specifically, 17% of fund managers chose to increase their positions, an increase of 1 percentage point over the previous month; Fund managers planning to reduce their positions accounted for 3%, the same as last month; The proportion of fund managers who choose to keep their positions unchanged is as high as 80%.

In addition, as of the end of February, the average stock position of private equity funds with subjective long stock strategy surveyed by the third-party institution was 75%, down 1 percentage point from the previous month.

Selected stocks

For the strategic response to the A-share market at this stage, Zhu Liang, executive partner and investment director of Danyi investment, said that after nearly two weeks of wide shocks, the probability of A-share will continue the independent market after the Spring Festival in the medium and short term. The main reason is that the monetary and fiscal policy environment at home and abroad has not changed greatly. In addition, Zhu Liang said that at present, the institution is continuously optimizing its portfolio and actively layout investment opportunities in the medium and long-term dimensions.

The main operation ideas of Danyi investment are “keeping upright” and “surprising”. On the one hand, for high-quality stocks that have been tracked for a long time, especially the popular track that has been significantly callback to the bottom of the stage since this year, we will keep close tracking and choose the layout; On the other hand, the agency will focus on exploring new changes in the internal structure of China’s economy, especially new opportunities brought by new technologies and new business models.

In view of the current A-share market environment, longying fuze assets pointed out that at present, the domestic liquidity is relatively loose. In the allocation direction, it will switch the investment and research energy from “good track” to “good Racer”, and continue to look for high-quality companies that can continue to maintain high scenery and rapid growth in 2022.

Liu Xiaolong, founder of juming investment, said that in combination with performance growth, industry competition pattern and other factors, after the continuous correction since January, the overall valuation of military industry, new energy, electric vehicles, pharmaceutical outsourcing (CXO) and other sectors has been basically reasonable. In the later stage, different stocks will be differentiated, and structural opportunities at the individual stock level have begun to appear.

Calm investment said that the substantive impact of geographical factors on the global economic pattern is expected to be mainly concentrated in oil, natural gas and other fields. In particular, due to the lack of global capital expenditure in recent years and the slow increase of oil and gas production, international oil and gas prices may remain high for a long time. In this context, the agency will focus on event driven opportunities brought by geographical factors, such as photovoltaic, wind power and other new energy directions.

Earlier, the Beihu branch of Chenzhou Public Security Bureau issued a police report. Xiao and Deng moukang were suspected of obstructing the law on the prevention and control of infectious diseases and other charges, which have been filed for investigation by the public security organ, which will further investigate the case in accordance with the law and regulations.

As of March 1st, covid-19 cases were confirmed without any new or imported pneumonia cases in Chenzhou. The control area, the control area and the prevention area were all lifted.

At present, the “2.15” epidemic in Chenzhou City has been effectively controlled, but the international epidemic continues to be high, and the domestic epidemic spreads at many points, making the situation grim and complex. In order to consolidate the achievements of epidemic prevention and control, it is hoped that the general public will continue to tighten the string of epidemic prevention and control, further improve their awareness of prevention, take the initiative to vaccinate Xinguan vaccine, wear masks, wash hands frequently, have more ventilation, do not gather, maintain social distance, actively scan the code in public places and use the “place code”, and actively cooperate with the government to implement various epidemic prevention measures. In the near future, it is not necessary to stay away from Chen, leave the province or go to medium and high-risk areas. The personnel returning to Chen from other provinces take the initiative to report to the village (community) or local disease control institutions, so as to jointly build a strong epidemic defense line.