Macro important news and events:
The Russian army claimed that it had "fully controlled" the port city of Mariupol in southeastern Ukraine, and the remaining Ukrainian military personnel had been surrounded in the Asian speed steel plant. This will be the first major city occupied by Russian troops since the conflict on February 24. Ukraine rejected the deadline for surrender proposed by Russia. Ukrainian President Zelensky said that if Russia eliminated the Ukrainian garrison in Mariupol, the peace negotiations could not continue.
The people's Bank of China said that the RRR reduction released a total of about 530 billion yuan of long-term funds. The reduction is a comprehensive reduction. Except for some corporate financial institutions that have implemented the deposit reserve ratio of 5%, the deposit reserve ratio is generally reduced by 0.25 percentage points for other financial institutions. For urban commercial banks without inter provincial operation and rural commercial banks with deposit reserve ratio higher than 5%, an additional 0.25 percentage point will be reduced on the basis of reducing the deposit reserve ratio by 0.25 percentage point.
The Central Bank of China launched a 150 billion yuan one-year medium-term lending facility (MLF) operation on the 15th, with a bid winning interest rate of 2.85%, unchanged from the previous time. Since the MLF operation of 150 billion yuan expired in the current month, the MLF operation is continued in the same amount.
The Shanghai Municipal Commission of economy and information technology recently issued the guidelines for the prevention and control of the epidemic situation of industrial enterprises in Shanghai, which effectively and orderly promoted the resumption of work and production of enterprises and ensured the safety and stability of the industrial chain and supply chain Saic Motor Corporation Limited(600104) , Tesla has been included in the "white list" of the first batch of enterprises to resume work and production in Shanghai.
Sun Guofeng, director of the Monetary Policy Department of the people's Bank of China, said that in the next step, monetary policy tools such as RRR reduction will be used in a timely manner 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.
