At the Shareholders’ Congress, Bafite and Mange were asked whether they continued to believe that they had overestimated themselves.

Although he still believed that, he went on to say, Mask was “very talented”. “He did overestimate himself, but he was very talented, so he overestimated a man who did not need to be overestimated.

“Elogne is a very wise man, and I dare to say that his score may exceed 100 per cent. “He has a dream, his dream is based.”

It was pointed out that if Judge Meksk did not pursue those seemingly unreasonable objectives, he might not achieve such a great deal of success. Mangue also compares himself and Bafit with Mask, “he prefers to accept and complete work that cannot be done. We are different. Warren and I am looking for a light work that we can identify.”

Bafit indicated that he and Mong did not intend to compete in many areas with the Mask. Meng agreed, saying: “We do not want less to fail.”

“The Elogne has done a lot of important things, which requires his fanaticism … He is committed to resolving what is not possible and will do so from time to time.” “This is a torture for me and for reason. I only like my way of life, and I will not like to be in his place, but he will not like to be in my place.”

Sawyer Merrit, the electric automobile analysts, Soyet Merrit, shared the comments of Bafit and Mange on the occasion, and the Massk responded that “Hows the warm words of Voron and Charles”.

In the past, Mask had regretted the decision not to invest in Tetra in Bafite and Mange, and had encouraged both men to stay on his electric motor vehicle.

Family benefits, 60 days of experience with services, a one-to-one service!

Electricity information, precision reading, new waves

In summing up this competition, the Princess Stanley of the Beijing National Security Group stated: “I think that today we are not in a position to create a good score-off opportunity when we manage the tempo of the competition, and that it will be very difficult for you to take the lead in a better team to guard against a better balloon.”

At the time of the analysis of three balloons, Stanley said: “The first ball was lost, we got too far short, I did not go back to the video to look at the specific circumstances of the balloon, and, of course, the second balloon to the other. In the middle rest, we have made adjustments aimed at balancing the divide, but it is regrettable that the other side entered the third balloon at the beginning of the next half, in which the situation becomes increasingly difficult, and that the ratio of 1 to 3 lasts, where you can say that you are both good, good guarded, or too bad for our airs.”

Turning to the performance of the Young Sea cattle team, Stanley stated: “Those do today, they have good organizations, good defences, good competition plans, good use of balloons, and they can only say that they do a good job today”.

It is reported that during the May Day holiday this year, the cultural and tourism markets were stable and orderly, “micro tourism” and “micro vacation” became the mainstream, “cloud performance” and “cloud performance” were vivid and colorful.

Urban parks, open scenic spots and surrounding villages carry the main leisure needs, and the leisure space of urban residents in the main source of tourists is transferred from the city to the surrounding areas. Outing and flower appreciation, home stay vacation, intangible cultural heritage experience and country camping have become the choices of most tourists, and the popularity of family parent-child leisure self driving tour has not decreased.

It is worth mentioning that camping has become a trend. Many characteristic exquisite camping products such as “flower appreciation + camping”, “RV + camping”, “open-air concert + camping”, “travel photography + camping” are sought after by tourists.

On the premise of implementing the requirements of epidemic prevention and control, all localities will increase the supply of excellent cultural products and high-quality tourism products, prevent excessive gathering of tourists and meet the travel needs of the masses. During the May Day holiday this year, a total of 8716 class a scenic spots in China were normally open, accounting for 61.3% of the total number of class a scenic spots.

“Everything about my mother” Xu Fan shows a morbid look and looks fragile

Excavating the core of real life, Xu Fan and Zhang Jingyi devoted themselves to “expressing feelings with heart”

In the creation of the film “everything about my mother”, director Zhao Tianyu invested in his unique emotional experience after becoming a father. The birth of his daughter made him start to look back on his life and have more feelings about family affection and family. During the preliminary preparation, zhaotianyu interviewed 40 pairs of mothers and daughters in total. Based on the real life stories obtained from a large number of interviews and top note, he poured the most sincere emotions into the presentation. After reading the notice, many viewers were also moved by the real mother daughter relationship in the film, saying frankly that “Ji Peizhen played by Xu fan is too much like my mother”, and also said that they saw themselves in Li Xiaomei. Moving people with “truth”, director Zhao Tianyu starts with the details of life to show the most common and precious mother image around the contemporary audience, presenting a resonant state of real life. “My mother is just like Ji Peizhen in the film. The director has made the most real life,” said the audience who were touched by the sincerity

“Everything about my mother” Xu Fan and Xu Yajun play the husband and wife “deep love”

This time, “everything about my mother” is starred by Xu Fan, Zhang Jingyi and Xu Yajun. The partnership between senior actors and the new generation of actors brightens people’s eyes. At the same time, a number of powerful actors such as Zhang Xinyi, Wu Yanshu, Li Chengbin, Han yunyun and Chen Minghao are gathered to escort the film. For the partners of Xu Fan and Zhang Jingyi, director Zhao Tianyu also said in an interview: “they are the most suitable mother and daughter in each other’s heart.” Under the guarantee of this rare tacit understanding and in-depth drama base, the presentation of the film is bound to bring the audience a more real viewing experience.

Everything about my mother Xu Fan and Zhang Jingyi chat and smile at each other at the dinner table

Mid Autumn Festival “the most moving film” is scheduled to strengthen the sense of life and harvest resonance “moving with emotion”

After the official announcement and filing of the film “everything about my mother”, with the release of high-quality materials of the film, high praise for the film has emerged on major network platforms, and netizens’ expectations for the film have been rising. Many viewers said they “felt that Ji Peizhen was my mother and missed her after watching the preview”, “saw the film and realized that they had not been home for a long time, so they went back to accompany her in the Mid Autumn Festival” and “wanted to take my mother to see the film”. The evaluation conveyed the audience’s emotional resonance of the mother daughter’s affection in the film. The desire to watch movies is rising, and the audience bluntly said: “my mother may be the best movie to cry this year’s Mid Autumn Festival!”. At the same time, the film’s solid story and profound emotional heritage have also won the recognition and praise of many multimedia and film critics. After watching the film, many media friends said: “I haven’t encountered such a moving film for a long time. I am moved everywhere without departing from life, and I don’t lose warmth when I am moved.”

“Everything about my mother” Xu Fan, Zhang Jingyi, Xu Yajun and his family take a warm group photo

The film “everything about my mother” was produced by China Film Co., Ltd., Shanghai Xiyan Culture Development Co., Ltd., Shanghai taopiao film and Television Culture Co., Ltd. and Beijing Tianhe Vientiane Film Co., Ltd; Issued by China Film Co., Ltd., Shanghai taopiao film and Television Culture Co., Ltd. and Shanghai Xiyan Culture Development Co., Ltd; It is jointly produced by Zhujiang film media Co., Ltd., Zhijiang Film Group Co., Ltd., Zhejiang Hengdian Film Co., Ltd., Beijing Guoying Zongheng Film Distribution Co., Ltd., Shenzhen Ziyan film and television culture media Co., Ltd., Shaanxi Guohuan film and Television Culture Communication Co., Ltd., Beijing Yaoying Film Distribution Co., Ltd. and Beijing Weimeng Chuangke Network Technology Co., Ltd. From September 10 to 12, the national advanced point screening, and the characteristic film viewing group will also be opened simultaneously. It will be officially released on the Mid Autumn Festival on September 19. Please look forward to it!

1. Hotels and restaurants in the city will try their best to reduce Hall Food in the near future. The use of dining tables in the lobby will not exceed 50% of the total, the number of single tables will be halved, and the interval between diners shall not be less than 1 meter. Contactless takeout and meal delivery services are advocated. The government will speed up the implementation of the reduction, exemption, mitigation and other support policies that have been issued to help catering enterprises tide over the difficulties. Relevant municipal and county departments should strengthen supervision and inspection, and suspend business for a few days if the implementation of epidemic prevention measures is not in place. Catering employees shall strictly implement epidemic prevention measures, consciously accept nucleic acid testing, and consciously wear masks during the whole process of work.

2. The risk of spreading the epidemic is great because people do not wear masks at meals. It is advocated that people do not have meals in the near future.

3. In order to ensure campus safety and students’ health, boarding students in high schools and junior middle schools in the city will not leave school this Saturday (April 23). Day students strictly implement the “two points and one line” closed-loop management. Parents and people living together should be responsible for themselves and their children. They should not go to personnel gathering places, medium and high-risk areas and epidemic sensitive areas. After returning to fertilizer, they must truthfully report the travel track to the school. Teaching and administrative staff should take the lead in strictly complying with the requirements of epidemic prevention, and should report to the school truthfully in case of special circumstances. The school must strengthen the daily investigation and report to the competent department of education when finding abnormal conditions.

4. Students from colleges and universities and secondary vocational schools outside the city who plan to return to fertilizer from medium and high-risk and epidemic sensitive areas must report to their school or 12345 hotline in advance, and centralized health monitoring shall be carried out after returning to fertilizer. Students of colleges and secondary vocational schools outside the city who are practicing in fertilizer must report to their internship unit or 12345 hotline in advance and obey the centralized health monitoring management if they really need to leave fertilizer before the internship period expires. All units should strictly implement the main responsibility and do a good job in health protection during students’ internship. The competent department of education should strengthen open and secret investigation.

5. All medical institutions, schools and centralized isolation points in the city should strictly implement the requirements of epidemic prevention, operate according to specifications and strictly prevent secondary problems.

6. The “May Day” holiday is coming, which advocates that the general public should not leave fat unless it is urgent. Other specific epidemic prevention measures during the May Day period will be announced later.

7. 
   

Up to now, Henan medical team is in charge of Zhangjiang fangcang hospital, which has received 3482 patients. Under the careful care and treatment of all the medical staff of the medical team, all the work in the cabin is stable and orderly. The medical staff of the medical team give full play to the advantages of Henan traditional Chinese medicine and comprehensively carry out traditional Chinese medicine treatment and guidance in accordance with the national requirements. Under the leadership of the medical staff, the majority of patients actively study Taijiquan, Baduanjin, Wuqinxi, etc. to promote disease recovery, The First Affiliated Hospital of Henan University of traditional Chinese Medicine carried out traditional Chinese medicine characteristic treatment such as pressing beans at ear points for some patients in the shelter, which was deeply welcomed by the majority of patients. In the shelter, medical team members carry out psychological counseling for some patients and print homework for small patients, which is called the warmest shelter by patients. In the follow-up work, with the strong support of the state and various departments in Shanghai, Henan medical team will go all out to do a good job in the management and operation of the shelter hospital, so as to provide Henan strength for the control of the epidemic in Shanghai.

The official did not disclose more details, but said the talks would continue in Baghdad on the 21st, the report said.

Iran’s bright news agency confirmed that “senior officials of the Secretariat of Iran’s Supreme National Security Council and the head of Saudi Arabia’s intelligence department” attended the talks.

It is reported that the talks are the fifth round of talks between Iran and Saudi Arabia in Iraq aimed at restoring bilateral relations in the past year. Saudi Arabia severed diplomatic relations with Iran in 2016. (compiled / Shen Jian)

This book includes the full text of the “opinions” and an exclusive interview with the responsible comrades of the national development and Reform Commission by Xinhua reporters.

On April 15, 3590 local confirmed cases and 19923 local asymptomatic infections were added in Shanghai. Since April 11, the city of Shanghai has implemented differentiated prevention and control management at different levels according to three categories: sealed control area, control area and prevention area.

There were 2 newly confirmed cases in Shenzhen and 2 asymptomatic infections in Shenzhen. On the evening of April 15, according to the deployment and arrangement of Shenzhen epidemic prevention and control headquarters, Shenzhen carried out two rounds of “carpet” training on large-scale epidemic prevention and control.

There were 22 newly confirmed cases in Guangzhou and 11 asymptomatic infections in Guangzhou. On April 15, the latest epidemic prevention measures in Guangzhou, Baiyun District and control area, in principle, stayed at home.

There were 47 new asymptomatic infections in Suzhou. In the early morning of April 16, Suzhou announced to further upgrade the epidemic prevention and control measures in Wujiang District, Wuzhong District, Xiangcheng District, Gusu District, Suzhou Industrial Park and Huqiu District (Suzhou high tech Zone).

There were 195 newly confirmed cases in Jilin and 437 asymptomatic infections in Guangzhou. Since April 11, Jilin has issued 49 measures to promote the stable development of business and economy.

There was a new confirmed case in Xi’an and a new asymptomatic infection in Xi’an. Xi’an epidemic prevention and control headquarters decided to implement temporary control measures from the early morning of April 16 to 24:00 on April 19.

Taiyuan added 1 local confirmed case and 15 local asymptomatic infections. On April 15, Taiyuan epidemic prevention and control office issued health tips and implemented 8 classified control measures in strict accordance with the requirements.

On the evening of April 15, the central bank announced that in order to support the development of the real economy and promote the steady decline of comprehensive financing costs, it decided to comprehensively reduce the reserve requirement on April 25, 2022, releasing a total of about 530 billion yuan of long-term funds.

The population of sealed control areas in China has exceeded 50 million

The transfer and exemption of self-taught examination in Jiangsu Province in the first half of 2022 are in progress. Don’t miss the time.

01

Processing time

Inter provincial transfer examination

1. Online application time: 9:00 on March 1-17:00 on March 5. The system maintenance time is from 22:00 every day to 8:00 the next day, and the transfer application function is closed.

2. Confirmation time: March 2-5.

3. Exemption from examination

4. Application time: 9:00 on March 1-17:00 on March 5. The system maintenance time is from 22:00 every day to 8:00 the next day, and the exemption application function is turned off.

5. On site confirmation: March 2-5 (local announcement shall prevail in some areas affected by the epidemic). If the candidate fails to go through the on-site confirmation procedures within the specified time, it shall be deemed to have abandoned the application for exemption.

6. 02

7. Handling website

8. Please log in to Jiangsu Education Examination public information service platform (sData. Jseea. CN) to handle relevant business.

9. 
   

China Construction University Yinyue is located in the West Fifth Ring Road, between Liangxiang University City station and Liangxiang University City West Station of Metro Fangshan line. There are living facilities around Longhu, Beijing xiyuetian street, Beijing Times Square, Fangshan new Town Waterfront Forest Park and so on.

In October 2021, CSCEC Zhidi won the land with a bid of 1.46 billion, with a building control scale of ≤ 90206 m2 and a floor area ratio of 2.5. In terms of products, it is planned to build 10-15 storey foreign houses and small high-rise buildings. The house type covers a building area of about 63-120 m2, one to four houses, with an average price of about 45000 / ㎡, a total price of about 2.84 million / set, and hardcover delivery.

People’s daily (11th Edition, February 28, 2022)

On February 27, the Long March 8 yao-2 carrier rocket was ignited and lifted off at China’s Wenchang space launch site. Photo by Liu shuaiye (image China)

At 11:06 a.m. on February 27, the flight test of Long March 8 yao-2 carrier rocket was successfully carried out at China’s Wenchang space launch site. The rocket flight was normal and the test was a complete success. The mission carried a total of 22 satellites, setting a record for China’s multi satellite mission with one arrow.

According to experts, one rocket with multiple satellites refers to the technology that a carrier rocket sends multiple satellites into a predetermined orbit at the same time or successively. Compared with the traditional single satellite launch, one rocket with multiple satellites can make full use of the rocket carrying capacity, improve the launch efficiency and reduce the launch cost. It is difficult to launch multiple satellites with one arrow. At present, only a few countries in the world master it. In 2015, China’s Long March 6 carrier rocket successfully launched 20 satellites into space in its first flight mission. The “22 stars with one arrow” set a new record.

Long March 8 is a medium-sized launch vehicle independently developed by China. The Long March 8 yao-2 carrier rocket launched this time is in the state of no thruster of the Long March 8 carrier rocket. The rocket adopts non-toxic and pollution-free propellant. The whole rocket is about 48 meters long, the diameter of the first stage of the core is 3.35 meters, the diameter of the second stage of the core is 3.0 meters, the take-off weight is about 198 tons, and the take-off thrust is about 240 tons. It can realize the carrying capacity of 3 tons of solar synchronous orbit. Chen Xiaofei, the overall deputy chief designer of the Long March 8 carrier rocket of the first Academy of Aerospace Science and technology group, introduced that compared with the Long March 8 remote 1 rocket, the biggest difference in the shape of the remote 2 rocket is to cancel the two boosters and change from the two-stage and half configuration to the two-stage series configuration.

It is reported that the launch carried 22 commercial satellites, including Hainan-1 01 and 02, dayun-17, wenchang-1 01 and 02 and taijing-3 01. They are mainly used for earth observation, Leo IOT communication and space science experiments. They can provide resource investigation, synthetic aperture radar data support, IOT decentralized terminal data acquisition On orbit scientific test and technical verification, ship information collection and processing and other services.

How to launch 22 satellites with one arrow?

Experts said that to safely and smoothly deliver so many satellites to the destination at one time, we must first solve the layout problem of “passengers” in the fairing. The researchers fully sorted out the structural form and mission requirements of the satellite, and innovatively designed a three-layer multi satellite distributor, which can arrange comfortable “seats” for each satellite in the limited fairing space.

In addition, the satellite will leave the arrow body after it reaches the sky. In this process, the motion deviation caused by different unlocking methods and energy separation of the satellite should be considered. According to the satellite layout, the development team carried out multi round simulation calculation on all arrow bodies and satellite deviations, and designed 12 separation actions to ensure that 22 satellites “get off” at ease.

Duan Baocheng, deputy commander-in-chief of the Long March 8 carrier rocket of the first Academy of Aerospace Science and technology group, said: “in the separation of stars and arrows, the Long March 8 rocket is like a ‘ballet’, and 22 stars are released like ‘Heavenly women scattered flowers’.”

It is worth mentioning that the fairing height of the rocket is shortened from 8m to 5.4m, which reduces the load on the key parts of the whole rocket, which is conducive to improving the launch probability of the mission, so as to further improve the mission adaptability of the rocket.

The Long March 8 yao-2 carrier rocket is also a “shared rocket”, which carries and launches 22 satellites from 7 research and development units respectively. Xiao Yun, commander-in-chief of the Long March 8 carrier rocket of the first Academy of Aerospace Science and technology group, introduced: “in short, it is the ‘carpooling’ scheme, which provides users with affordable launch services, and the threshold is greatly reduced.”

The successful launch of Long March 8 yao-2 carrier rocket is also the first commercial space launch at Wenchang space launch site of Xichang Satellite Launch Center. The launch has greatly reduced the launch cost, and the demonstration effect of commercial application is remarkable.

Massive information and accurate interpretation are all in Sina Finance app

According to the government work report, the risks and challenges faced by China’s development this year have increased significantly, and the production and operation of small, medium-sized and micro enterprises and individual industrial and commercial households are difficult. Representatives and members attending the two sessions of the National People’s Congress said that we should continue to optimize and implement the policies to help enterprises and relieve difficulties and stabilize development expectations.

Tax reduction and fee reduction to help enterprises rescue

Affected by the epidemic and other factors, the production and operation pressure of market entities is not small, and small, medium-sized and micro enterprises and individual industrial and commercial households are particularly facing many difficulties. The main body of the market is the power carrier of the economy, carrying hundreds of millions of people to get employed and start businesses. To ensure the main body of the market is to ensure social productivity.

Hao Xu, deputy to the National People’s Congress and chairman of Lanton Xumei Food Co., Ltd., said that in recent years, Shanxi has introduced a series of measures to support the development of private economy. As an early enterprise involved in frozen potato products in China, his company enjoys preferential policies such as land use tax reduction and exemption.

In 2021, China’s new tax cuts and fee reductions exceeded 1 trillion yuan, which greatly alleviated the operating pressure of market players. This year’s government work report proposes to implement the new combined tax support policy, and the annual tax rebate and reduction is expected to be about 2.5 trillion yuan. The continuation of the policy was expected, but the strength was unexpected: “with national support, we are confident to take advantage of the momentum.”

Finance is the blood of the real economy. Only when the blood is connected can the body be strong. Many members of the CPPCC National Committee said that there is still much room for improvement in the main body of the financial support market.

Lu Peirong, member of the CPPCC National Committee and chairman of Fujian Shishi Dadi Group Co., Ltd., said that in times of economic difficulties, financial institutions should carefully withdraw and cut off loans. “Any small and medium-sized enterprise that can go through 10 years or more has experienced ups and downs, resilience and repair ability. In case of temporary difficulties, they should be given some buffer time.” He suggested that it can be subdivided according to the business years, credit investigation and tax payment of enterprises, and use big data to screen high-quality enterprises, so as to promote a win-win situation between enterprises and financial institutions.

If small and medium-sized enterprises want to finance, they cannot do without a good credit investigation record. Wang Zihua, member of the National Committee of the Chinese people’s Political Consultative Conference and chairman of Beijing Jingaogang group, believes that there is an urgent need to implement the relevant interpretation of the supreme law on issues such as credit investigation and repair of private enterprises and asset recovery.

For those enterprises with good long-term operation and temporarily caught in financial disputes, we can consider differential treatment and try not to apply one size fits all. “We can protect one more enterprise as much as possible.” Member Wang Zihua said that this is also a specific requirement for implementing the national “six stabilities” and “six guarantees” policies.

Stability expectation of managing enterprises according to law

“The legal environment is an important part of the business environment.” Wang Gang, deputy to the National People’s Congress and vice chairman of Gansu Federation of industry and commerce, was deeply touched by this. In December 2021, Gansu Province issued the working measures on the transfer of clues about business environment problems from the Provincial Federation of industry and commerce to the discipline inspection and supervision organ (for Trial Implementation), which further clarified the transfer, reception, handling and feedback channels of problem clues, so as to ensure that the clues of problems affecting the business environment can be handled in time. “This is an unprecedented innovation, which provides a strong guarantee for the continuous optimization of the business environment.” Deputy Wang Gang said.

Similar grass-roots practices have sprung up in China, significantly improving China’s state-owned business environment. According to the business environment report of the world bank, the international ranking of China’s state-owned business environment has jumped from 91st in 2013 to 31st at present. At the same time, market players expect the business environment to continue to improve in order to consolidate China’s position as the world’s second-largest economy.

“The state has issued many good policies, but we still need to create a high-quality business environment with digital intelligence, resources, security and integrity, so that good policies can be implemented with high quality and efficiency.” Sun Taili, member of the National Committee of the Chinese people’s Political Consultative Conference and vice chairman of the Tianjin Municipal Committee of the China Democratic Construction Association, suggested that a smart rescue platform could be built to scientifically diagnose and help enterprises with operating difficulties; Guide enterprise operators to embed integrity construction into daily business activities and stimulate the endogenous driving force of market subjects.

Fan Shukui, member of the CPPCC National Committee and vice president of Beijing Asset Appraisal Association, focused on improving the property right protection system, especially the new business property right system. “At present, the digital economy is developing rapidly, but as its core carrier, data is still facing problems such as difficult to measure value, difficult to define property rights, and poor circulation.” Member fan Shukui said that the top priority is to break through the bottleneck of data production factor transaction flow and make the data connect, turn and live.

Among many policies, the market subjects are most concerned about the stability of expectations. Deputy Wang Gang believed that policy formulation should have a clearer negative list. Deputy Hao Xu suggested that we should protect the legitimate rights and interests of entrepreneurs through law, form long-term and stable development expectations, let entrepreneurs concentrate on innovation and creation, and make greater contributions to economic development.

“In fact, private enterprises hope to have eight words - everything will be disturbed and everything will come.” Chen Zhilie, member of the CPPCC National Committee and chairman of the board of directors of Yanxiang High Tech Holding Group, said, “private enterprises do not need special policies, as long as equal treatment is enough.”

According to the data, the tax payment of the new tax related market entities since 2013 reached 4.76 trillion yuan last year. It is the energy released by market players that pushed China’s total economic output to 114 trillion yuan last year.

The sting has passed, and the spring is getting warmer. Member LV Peirong said that entrepreneurs have more confidence and want to fly higher, cultivate more national brands standing in the world for the country, and realize the great rejuvenation of the Chinese nation as soon as possible. (Economic Daily reporter she Ying, Wan Zheng, Zhang Qian, Yuan Yang)

Surging news reporter Chen Yueshi

After the “interest rate cut” in January, with the end of the Spring Festival holiday, the open market will usher in the maturity of RMB 900 billion reverse repurchase within one week. However, the market expects that there may be no liquidity gap in February regardless of the maturity funds.

Wind data shows that one week after the Spring Festival holiday (February 7 to February 11), 150 billion yuan will expire in the open market on February 7 and 8 respectively, and 200 billion yuan will expire from February 9 to 11 respectively.

In addition to the expiration of the open market, how much liquidity pressure is there in February? Guotai Junan pointed out that if the central bank does not carry out any hedging, the liquidity gap in February will reach 1 trillion, which is a normal state in history; If the central bank carries out equal renewal in the open market, the liquidity gap can be bridged; If the RRR is lowered again in February, the liquidity will be surplus. It is expected that if the RRR reduction is implemented, there is a high possibility of MLF shrinkage due in February and March.

CITIC Securities believes that without considering the maturity of MLF and reverse repo, there is basically no liquidity gap in February. Although the central bank’s protective attitude before the festival is obvious, the cross Festival funds are still tight and the interest rate has been corrected. However, on the one hand, the liquidity gap will be greatly improved after the holiday, on the other hand, monetary policy is still in a loose cycle. Therefore, the capital level may be tightened at some time points such as tax payment and government bond payment in February, but it will not change the overall downward trend of interest rate.

Northeast Securities also believes that in addition to the scale of the expiration of the open market operation, the inter-bank liquidity may increase by 937.7 billion yuan in February. The central bank only needs to continue the open market operation in a small amount to maintain the total liquidity balance in February. Therefore, thanks to the sharp decrease in cash demand after the holiday, there is almost no gap in liquidity in February, and the over storage rate is expected to change little.

In the context of almost no liquidity gap, CITIC Securities pointed out that the central bank will protect the stability of capital in February.

“After the intensive introduction of RRR and RRR cuts, February is expected to be the observation period of monetary policy. It is unlikely to cut interest rates and RRR again in the short term, but the monetary policy is in a loose cycle, and the probability of substantial withdrawal of funds is low.” The agency pointed out.

However, Northeast Securities believes that under the current strong demand for stable growth in China and the gradual trend of overseas interest rate hikes, even if there is almost no liquidity gap in February, in order to support the survival of small and medium-sized enterprises and reduce social financing costs, the possibility of the central bank reducing reserve requirements and interest rates again cannot be ruled out.

Anxin securities also pointed out that there is still downward pressure on the economy, and it is difficult to broaden credit, which is a “slow variable”. The demand for monetary policy is increased, and the probability of subsequent RRR reduction is high; It is expected that the interest rate will be cut again in the first quarter. The central bank still needs to “comprehensively use a variety of monetary policy tools to maintain reasonable and abundant liquidity”. The recent open market operation also continues to send a signal of being friendly to the capital. Considering the expected rise of the excess reserve rate in February, the capital level is expected to remain stable in February.

Jihu card, good luck! Up to 522 yuan surprise blessing bag!

Massive information and accurate interpretation are all in Sina Finance app