Which stocks will rise after the central bank reduces RRR?

After the central bank reduces RRR, banks, brokers and real estate stocks will rise.

First of all, although RRR's interest rate cut is not the same as interest rate cut, with the slight improvement of interbank liquidity, the price of funds in the interbank market is expected to fall to a certain extent. The decline in capital prices will also lead to a decline in the return on investment of capital and credit such as private lending. In contrast, blue-chip stocks that can always maintain a high dividend ratio will have a more prominent holding value. At present, it is the disclosure stage of the annual report, which is a time when the long-term value is highlighted for blue-chip stocks with high dividends and low P/E ratio.

Second, in response to the epidemic in 2020, the People's Bank of China adhered to the normal monetary policy and gradually turned to normal after May. In the first half of this year, it basically returned to the normal state before the epidemic. The RRR cut is a routine operation after the monetary policy returns to normal. Part of the released funds will be used by financial institutions to repay the medium-term loan facility (MLF) due, and part of the funds will be used by financial institutions to make up for the liquidity gap caused by the tax peak in the middle and late July, so as to increase the proportion of long-term funds of financial institutions, and the total amount of liquidity in the banking system will remain basically stable. At present, China's economy is improving steadily. The People's Bank of China adheres to the stability and effectiveness of monetary policy, adheres to the normal monetary policy, and does not engage in flood irrigation.

Third, RRR cut is the abbreviation of reducing the deposit reserve ratio. If you deposit 100 yuan in the bank, it is impossible for the bank to lend all of 100 yuan. Suppose you can only take out 90 yuan to lend money, then 10 yuan will be deposited in the central bank as a reserve for customers to deposit in advance and settle funds to prevent customers from running away, while 10/ 100 yuan. 90 yuan went to the market and then returned it to the bank. At this time, it is necessary to deposit 9 yuan in the central bank as a reserve, and the remaining 8 1 yuan will flow into the market. 8 1 yuan went to the market and went back to the bank. This action is repeated until the loanable funds is zero. It can be found that if the deposit reserve ratio is 10%, then the deposit of 100 yuan can finally produce the effect of 1000 yuan in the market. If the deposit reserve ratio is reduced by 1 point, more money will flow into the market. A deposit of 1 0,000 yuan can produce the liquidity effect of 1 0,654,38+0,654,38+0 yuan in the market.