1. The central bank interpreted China's main financial data in the first quarter and said that in the next step, it will timely use monetary policy tools such as RRR reduction to further strengthen financial support for the real economy, especially industries seriously affected by the epidemic, small, medium-sized and micro enterprises and individual industrial and commercial households, make reasonable profits to the real economy and reduce comprehensive financing costs. It is expected that credit supply will continue to maintain a steady growth trend in the future to support economic recovery. At present, the market's expectation of reducing the reserve requirement and interest rate rises rapidly, and believes that the reduction of the reserve requirement on the 15th is a high probability event. Nomura China expects the central bank to reduce the reserve requirement by 50 basis points, increase the bank's loanable funds by about 1.2 trillion yuan, and cut the interest rate by 10 basis points.
2. Whether the First Bank IPO of A-Shares has been approved or not, and the initial offering of Dafeng rural commercial bank has not been approved by the CSRC. Since the release of A-Shares and the listing of financial institutions, although many banks have voluntarily withdrawn their IPO applications for various reasons and terminated the listing, and regional commercial banks have been cancelled the audit on the eve of the IPO meeting, as long as the Bank IPO project that successfully entered the door of the development and examination Committee of the CSRC has not been rejected before Dafeng agricultural commercial bank.
