[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-JP2023091520131850202":3,"related-JP2023091520131850202":33},{"pageSize":4,"id":5,"productLine":6,"status":7,"articleCode":8,"articleType":9,"showStyle":7,"mediaType":10,"fileInputUrl":11,"articleTitle":12,"coverImage":13,"listImage":14,"introduction":15,"description":16,"nonVipDescription":17,"postTime":18,"viewTime":18,"sortNumber":19,"isFree":20,"isShowList":7,"isRecommend":20,"linkType":7,"isOriginal":6,"hasMiniUrl":20,"miniUrl":11,"miniScheme":11,"miniImage":11,"itemTag":11,"createBy":21,"updateBy":22,"createTime":23,"visitCount":24,"isLiked":20,"realSearch":25,"isRead":20,"productId":26,"isCollected":20,"collectCount":27,"vipExclusive":20,"allowComment":7,"style":28,"likeCount":20,"filePath":11,"duration":20,"playStyle":7,"seoKeywords":11,"articleModuleVoList":29,"extendContentList":30,"noteCount":7,"categoryList":31,"dailyKeywordList":32},10,5793,"1",1,"JP2023091520131850202","1041018",3,"","央妈发来5000亿「大礼包」，对我有啥影响？","https:\u002F\u002Fimage.jane7.com\u002F3375725c-d389-414b-8026-187a459f2892.png","https:\u002F\u002Fjane7-prod.oss-cn-hangzhou.aliyuncs.com\u002Fmanager\u002Farticle_default_img.png","央妈“开闸”了","\u003Csection>\n \u003Csection>\n  \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">晚上好~\u003C\u002Fspan>\u003C\u002Fp>\n \u003C\u002Fsection>\n \u003Csection>\n  \u003Csection>\n   \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">昨天傍晚，央妈突然预告说今天要降准。\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cbr>  \n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; visibility: visible;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">中国人民银行决定于2023年9月15日下调金融机构存款准备金率0.25个百分点。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F60cd80ac-3ef4-43d8-be2a-f846553099a8.jpg\" alt=\"图片\">\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px; text-align: center;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; color: #B2B2B2; box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：央行官网\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">照理说，降准意味着钱多了，股市、债市都能分一杯羹。\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">可没想到，A股、债基今天反倒跌了。\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">这是为什么呢？这就来和你捋一捋这次降准的前因后果——\u003C\u002Fspan>\u003C\u002Fp>\n  \u003C\u002Fsection>\n  \u003Csection>\n   \u003Cbr>  \n  \u003C\u002Fsection>\n  \u003Cblockquote style=\"margin: 0px 16px; padding: 4px 0px 0px 10px; outline: 0px; border-left: 3px solid rgb(219, 219, 219); color: var(--weui-FG-1); font-size: 15px; max-width: 100%; letter-spacing: 0.544px; text-align: justify; text-indent: 0em; text-wrap: wrap; background-color: rgb(255, 255, 255); line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\n   \u003Csection>\n    \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准和MLF是什么？\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">为什么要降准？\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">对我们生活、投资有啥影响？\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n  \u003C\u002Fblockquote>\n  \u003Csection>\n   \u003Csection>\n    \u003Cbr>  \n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; background-color: #FFFED5; color: #FF6827; box-sizing: border-box !important; overflow-wrap: break-word !important;\">*注：了解降准和MLF的小伙伴可以从第二部分开始阅读哦~\u003C\u002Fspan>\u003C\u002Fp>\n    \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; background-color: #FFFED5; color: #FF6827; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: var(--articleFontsize); text-align: center; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.034em;font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F2c300edd-4872-4723-9287-e0356a2fe5de.jpg\" alt=\"图片\">\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px; font-weight: 400; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; text-wrap: wrap; clear: both; min-height: 1em; text-align: center; background-color: rgb(255, 255, 255); line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important;;margin-left:16px;margin-right:16px;font-family: -apple-system, "system-ui", "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #D6A841;font-family: Optima-Regular, PingFangTC-light;\">01 降准是什么\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh3>\n   \u003Csection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">昨天降准之前，市场有一种声音，觉得央妈可能会选择MLF降息。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n        \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准和MLF，都是央妈给市场「放水」，提供流动性的工具。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n        \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准是影响最大、效果最好的，相当于「开大闸」。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n        \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准的这个\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「准」\u003C\u002Fstrong>字，学名叫\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; color: #D6A841; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">存款准备金率\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n        \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">为了阻止银行把存款人的钱全部用来放贷，无法应对突发情况，央行就和各商业银行约定：\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n        \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">每收到一笔存款，就抽一定比例\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">，上交给央行——而这个比例，就是所谓的存款准备金率了。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n        \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">而所谓降准，就是降低存款准备金率。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">银行上交给央行的钱就少了，自己手上的钱多了，可以用来放贷、投资。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">这次降准下调了0.25个百分点，看着不多，其实能释放\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">超5000亿\u003C\u002Fstrong>的\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">中长期\u003C\u002Fstrong>资金。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">而\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; color: #D6A841; box-sizing: border-box !important; overflow-wrap: break-word !important;\">MLF\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; color: #888888; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（中期借贷利率）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">是更加灵活的方式，相当于\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; color: #D6A841; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「扩水管」\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">MLF是央行借钱给银行的工具\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; color: #888888; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（需要银行用国债、金融债、高等级信用债抵押借钱）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">，期限差不多1年。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">每月15日都有一批MLF到期，这时候央行往往会续作，相当于接着借钱。如果续作的量比收回的大，等于多投放了流动性。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>    \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">拿今天公布的数据看，本月MLF到期4000亿元，实际操作5910亿，等于\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">给市场多投放1910亿资金\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n        \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F8222e1ba-752d-4f78-9b99-55e043a47ae0.jpg\" alt=\"图片\">\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px; text-align: center;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：央行官网\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>    \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">除了控制「数量」，MLF的另一个功能是调整「价格」，也就是借钱的利率。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>    \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">比如房贷利率LPR，就是银行在MLF的基础上，加点贷款给咱们的。\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（LPR= MLF+加点）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>    \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">本来市场在想，MLF会不会来个「降息」，继续压低企业、个人的借钱成本。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>    \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">但央行选择\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「加量不减价」\u003C\u002Fstrong>，估计是觉得利率够低了，只是市场的钱不够多。\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cbr>    \n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">相当于往池子又加了一瓢水，到时候看情况不对，再把这一瓢给舀出来就行。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Csection>\n     \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F040d7476-9f7a-49fb-a827-58e56730eeef.jpg\" alt=\"图片\">\u003Cbr>\u003C\u002Fp>\n    \u003C\u002Fsection>\n    \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px; font-weight: 400; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; text-wrap: wrap; clear: both; min-height: 1em; text-align: center; background-color: rgb(255, 255, 255); line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important;;margin-left:16px;margin-right:16px;font-family: -apple-system, "system-ui", "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #D6A841;font-family: Optima-Regular, PingFangTC-light;\">02 为什么要降准\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh3>\n    \u003Csection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">简单来说，这次降准主要是因为\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; color: #D6A841; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">市场缺钱\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">了\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cbr>    \n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">一是银行缺钱。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cbr>    \n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">每到季度末，银行向来钱紧，加上中秋、国庆放假，出游的小伙伴会提前取钱备着，银行面临资金紧缺的考验。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; box-sizing: border-box !important; overflow-wrap: break-word !important;\">比如反映银行体系流动性松紧状况的短期利率\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（DR007）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; box-sizing: border-box !important; overflow-wrap: break-word !important;\">，就\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">处在近一年的高位\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（1.9%）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F24324c40-e5a9-4461-9b16-eb29e50fa8cd.jpg\" alt=\"图片\">\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; box-sizing: border-box !important; overflow-wrap: break-word !important;\">从最近公布的8月份的社融数据来看，8月份信贷扩张速度加快，借钱的人变多了。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; box-sizing: border-box !important; overflow-wrap: break-word !important;\">银行手头的钱就更紧张了，需要降准这场及时雨。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; box-sizing: border-box !important; overflow-wrap: break-word !important;\">二是企业缺钱。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; box-sizing: border-box !important; overflow-wrap: break-word !important;\">从今天公布的一系列经济数据来看，8月份经济有转好的迹象。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F42933f4c-b0e5-4afb-8865-a3f1a1856008.jpg\" alt=\"图片\">\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">消费的表现最亮眼，其中\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">耐用消费品\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; color: #888888; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（通讯器材类、汽车、石油制品等）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">和出行相关商品\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（餐饮、航空、化妆品、服装等）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">卖得比较好。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cbr>    \n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">看来居民的消费信心增强了一些。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">工业下游需求回暖，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">手机、汽车、光伏等行业的生产\u003C\u002Fstrong>有所加快。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">投资方面，政府是花钱的主力。在\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">基建和制造业投资的带动下\u003C\u002Fstrong>，同比增速稳定。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">相比之下，出口和房企还没有明显改善，不过出口降幅有所收窄。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">房地产这边，居民需求不足，不少购房者还是观望态度。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">而房企的资金压力也比较大，保交楼任务有的还没完成，新开工的热情也不大。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cbr>    \n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">好的方面再接再厉，不理想的地方还需要政策支持。\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">总之，接下来在政策宽松的大环境下，实体经济的融资需求大概会继续增加。\u003C\u002Fspan>\u003C\u002Fp>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Csection>\n      \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F7b4dbd33-9bb1-46f2-90e7-7bd645dbc440.jpg\" alt=\"图片\">\u003C\u002Fp>\n     \u003C\u002Fsection>\n     \u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px; font-weight: 400; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; text-wrap: wrap; clear: both; min-height: 1em; text-align: center; background-color: rgb(255, 255, 255); line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important;;margin-left:16px;margin-right:16px;font-family: -apple-system, "system-ui", "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; letter-spacing: 1px; caret-color: #333333; color: #D6A841;font-family: Optima-Regular, PingFangTC-light;\">03 对我们有啥影响\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh3>\n     \u003Csection>\n      \u003Csection>\n       \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">除了央行降准，近期的连环大招还有很多——\u003C\u002Fspan>\u003C\u002Fp>\n      \u003C\u002Fsection>\n      \u003Csection>\n       \u003Cbr>\n      \u003C\u002Fsection>\n      \u003Cblockquote style=\"margin: 0px 16px; padding: 4px 0px 0px 10px; outline: 0px; border-left: 3px solid rgb(219, 219, 219); color: var(--weui-FG-1); font-size: 15px; max-width: 100%; letter-spacing: 0.544px; text-align: justify; text-indent: 0em; text-wrap: wrap; background-color: rgb(255, 255, 255); line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降印花税\u003C\u002Fspan>\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">限制大股东减持\u003C\u002Fspan>\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">融资保证金比例下调\u003C\u002Fspan>\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降息\u003C\u002Fspan>\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">...\u003C\u002Fspan>\u003C\u002Fp>\n       \u003C\u002Fsection>\n      \u003C\u002Fblockquote>\n      \u003Csection>\n       \u003Csection>\n        \u003Cbr>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">归结起来，就是要全力拼经济，\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; color: #D6A841; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">扭转市场对经济的预期，提振信心\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">那效果怎么样呢？\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">-债市\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">理论上，降准对债市的利好比较直接：市场上的钱多了，利率大概率会下降。\u003C\u002Fspan>\u003C\u002Fp>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">但这次挺特别的，利率「不降反升」，十年期国债已经回到了降准前的水平。\u003C\u002Fspan>\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Csection>\n        \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F57b4e755-c2fc-4ee3-af28-855573e5db18.jpg\" alt=\"图片\">\u003C\u002Fp>\n       \u003C\u002Fsection>\n       \u003Cp style=\"text-align:center;margin: 0px 16px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-size: 17px; letter-spacing: 0.544px; text-indent: 0em; text-wrap: wrap; background-color: rgb(255, 255, 255); line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 14px; letter-spacing: 1px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #888888; font-size: 14px; letter-spacing: 1px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">英为财情\u003C\u002Fspan>\u003C\u002Fp>\n       \u003Csection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">一方面，今天发布的零售以及工业指标不错，或许说明市场有了\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">恢复的迹象\u003C\u002Fstrong>，愿意借钱消费、投资了。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">另一方面，当前的国债收益率已经离历史最低值\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; color: #888888; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（2.49%）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">非常接近，下降空间有限。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">由于债市利率和价格是\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">负相关\u003C\u002Fstrong>的——\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">经济继续回暖，消费、投资的人变多了，利率价格可能会升高，对债市就不利了。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">所以，债市未来或许有小波动，咱们得做好心理准备。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">相较来说，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">短期债券会比中长期债券更平稳一些\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">-股市\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准之后，市场的钱更多了，但资金愿不愿意买股票呢，得看信心。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">现在的股市，和一个月前调低印花税的位置大差不差。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">也就是说，投资者对近期一连串的政策大招毫无反应，确实够悲观了😂。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">但正如投资大师邓普顿的名言说的：\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">行情总是在绝望中诞生，在半信半疑中成长，在乐观主义弥漫时成熟，在人人陶醉中结束。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">咱们不妨借助数据，让自己从负面情绪中抽离，客观地看待市场。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">比如看沪深300指数的市盈率，当前是11.59倍，比过去十年75%的时间都便宜，和18年贸易战、20年疫情爆发的时候差不多。\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>        \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fa00a3a0a-8bc5-4e17-a218-755798c232b8.jpg\" alt=\"图片\">\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px; text-align: center;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; color: #888888; box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：理杏仁\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">那么如果能做到低估区间买入，赚钱的概率理应更高，相信这次也不会例外~\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">-存款\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准对存款利率来说，没啥直接影响。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">但眼瞅着马上要降存量贷款利率了，银行要维持一定的利润空间，可能还会从「降存款利率」上找补回来。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">所以，要存钱的小伙伴，要抓紧了~\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">再来说说超级火的\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; background-color: #FFDAA9; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">香港存款\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">现在内地的存款利率大约1年期2.5%-3%，香港由于跟着美联储加息，1年期利率能达到4%-5%，吸引了一波「套利党」跨境存钱。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">不过，需要提醒的是，换成外币存款是有汇率风险的，假设人民币兑美元回到6.7\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（过去十年中位数）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">，相当于升值了8%，很可能赚了利息，折了本金。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">当然，如果你手上有一笔外币，或者本来就要换外汇，选择高利率的存款肯定更合适。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">你也可以考虑内地的\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; background-color: #FFDAA9; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">美元存款\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">，一些银行也能有5%+\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; color: #888888; font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（如江苏银行、北京银行、中国银行，有起购额要求）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">，比起去香港，还能省下旅游开支~\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">-黄金\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #D6A841;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">最近，黄金真是火出圈了：\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">追踪金价的黄金基金创下历史新高，今年以来收益率达到14%+；几大珠宝品牌零售黄金价突破600元每克。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">估计有不少朋友在考虑投资黄金，想给你几个小贴士：\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; background-color: #FFDAA9;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">1）黄金价格并不稳定，会暴涨暴跌。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; background-color: #FFDAA9;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">咱们投资一个品类，就像选伴侣，除了看高光时刻，还得看低谷的表现。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F1c1f9238-6158-451b-9305-3bb9ed486ccc.jpg\" alt=\"图片\">\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px; text-align: center;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 14px; color: #888888; box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：Trading Economics\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>        \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">历史上，美元黄金收益能达到年化6%，看着不错。但其中有20年没涨过、也有大跌40%的炸裂数据。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">如果要投资，别拿超过家庭可投资金的5%，避免遇上最坏的情况，无法坚持。\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; background-color: #FFDAA9;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">2）内地金价超海外，小心回撤\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; background-color: #FFDAA9;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">如果你看海外金价，普遍没有超过20年的高点，为什么内地金价一骑绝尘呢？\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>        \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">主要是受\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">人民币汇率\u003C\u002Fstrong>的影响。\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>        \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">通常，人民币贬值，内地的黄金表现就会更强劲。人民币升值，反而跑不赢海外金价。\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>        \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">所以，如果接下来人民币升值，投资黄金也会面临汇率风险。\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cbr>        \n        \u003C\u002Fsection>\n        \u003Csection>\n         \u003Cp style=\"line-height: 2em; margin-left: 16px; margin-right: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: #222222; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: #222222; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">好啦，关于降准以及近期的经济数据就和你聊到这里，有什么想说的，欢迎留言讨论~\u003C\u002Fspan>\u003C\u002Fp>\n        \u003C\u002Fsection>\n       \u003C\u002Fsection>\n      \u003C\u002Fsection>\n     \u003C\u002Fsection>\n    \u003C\u002Fsection>\n   \u003C\u002Fsection>\n  \u003C\u002Fsection>\n \u003C\u002Fsection>\n\u003C\u002Fsection>","\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">晚上好~\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Cp>\u003Csection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">昨天傍晚，央妈突然预告说今天要降准。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F> \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">中国人民银行决定于2023年9月15日下调金融机构存款准备金率0.25个百分点。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F60cd80ac-3ef4-43d8-be2a-f846553099a8.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em; text-align: center;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; color: rgb(178, 178, 178); box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：央行官网\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">照理说，降准意味着钱多了，股市、债市都能分一杯羹。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">可没想到，A股、债基今天反倒跌了。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">这是为什么呢？这就来和你捋一捋这次降准的前因后果——\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F> \u003C\u002Fsection>\u003Cblockquote style=\"margin: 0px 16px; padding: 4px 0px 0px 10px; outline: 0px; border-left: 3px solid rgb(219, 219, 219); color: var(--weui-FG-1); font-size: 15px; max-width: 100%; letter-spacing: 0.544px; text-align: justify; text-indent: 0em; background-color: rgb(255, 255, 255); line-height: 2em; font-family: system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准和MLF是什么？\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">为什么要降准？\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">对我们生活、投资有啥影响？\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003C\u002Fblockquote>\u003Csection>\u003Csection>\u003Cbr\u002F> \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; background-color: rgb(255, 254, 213); color: rgb(255, 104, 39); box-sizing: border-box !important; overflow-wrap: break-word !important;\">*注：了解降准和MLF的小伙伴可以从第二部分开始阅读哦~\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; background-color: rgb(255, 254, 213); color: rgb(255, 104, 39); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: var(--articleFontsize); text-align: center; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.034em; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F2c300edd-4872-4723-9287-e0356a2fe5de.jpg\" alt=\"图片\"\u002F>\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px; font-weight: 400; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; clear: both; min-height: 1em; text-align: center; background-color: rgb(255, 255, 255); line-height: 2em; font-family: -apple-system, "system-ui", "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">01 降准是什么\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh3>\u003Csection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">昨天降准之前，市场有一种声音，觉得央妈可能会选择MLF降息。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准和MLF，都是央妈给市场「放水」，提供流动性的工具。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准是影响最大、效果最好的，相当于「开大闸」。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准的这个\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「准」\u003C\u002Fstrong>字，学名叫\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">存款准备金率\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">为了阻止银行把存款人的钱全部用来放贷，无法应对突发情况，央行就和各商业银行约定：\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">每收到一笔存款，就抽一定比例\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">，上交给央行——而这个比例，就是所谓的存款准备金率了。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">而所谓降准，就是降低存款准备金率。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">银行上交给央行的钱就少了，自己手上的钱多了，可以用来放贷、投资。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">这次降准下调了0.25个百分点，看着不多，其实能释放\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">超5000亿\u003C\u002Fstrong>的\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">中长期\u003C\u002Fstrong>资金。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">而\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">MLF\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important;\">（中期借贷利率）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">是更加灵活的方式，相当于\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「扩水管」\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">MLF是央行借钱给银行的工具\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important;\">（需要银行用国债、金融债、高等级信用债抵押借钱）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">，期限差不多1年。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">每月15日都有一批MLF到期，这时候央行往往会续作，相当于接着借钱。如果续作的量比收回的大，等于多投放了流动性。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">拿今天公布的数据看，本月MLF到期4000亿元，实际操作5910亿，等于\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">给市场多投放1910亿资金\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F8222e1ba-752d-4f78-9b99-55e043a47ae0.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em; text-align: center;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：央行官网\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">除了控制「数量」，MLF的另一个功能是调整「价格」，也就是借钱的利率。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">比如房贷利率LPR，就是银行在MLF的基础上，加点贷款给咱们的。\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（LPR= MLF+加点）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">本来市场在想，MLF会不会来个「降息」，继续压低企业、个人的借钱成本。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">但央行选择\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">「加量不减价」\u003C\u002Fstrong>，估计是觉得利率够低了，只是市场的钱不够多。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">相当于往池子又加了一瓢水，到时候看情况不对，再把这一瓢给舀出来就行。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F040d7476-9f7a-49fb-a827-58e56730eeef.jpg\" alt=\"图片\"\u002F>\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px; font-weight: 400; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; clear: both; min-height: 1em; text-align: center; background-color: rgb(255, 255, 255); line-height: 2em; font-family: -apple-system, "system-ui", "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">02 为什么要降准\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh3>\u003Csection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">简单来说，这次降准主要是因为\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">市场缺钱\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">了\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">一是银行缺钱。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">每到季度末，银行向来钱紧，加上中秋、国庆放假，出游的小伙伴会提前取钱备着，银行面临资金紧缺的考验。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">比如反映银行体系流动性松紧状况的短期利率\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（DR007）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">，就\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">处在近一年的高位\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（1.9%）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F24324c40-e5a9-4461-9b16-eb29e50fa8cd.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">从最近公布的8月份的社融数据来看，8月份信贷扩张速度加快，借钱的人变多了。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">银行手头的钱就更紧张了，需要降准这场及时雨。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">二是企业缺钱。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">从今天公布的一系列经济数据来看，8月份经济有转好的迹象。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F42933f4c-b0e5-4afb-8865-a3f1a1856008.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">消费的表现最亮眼，其中\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">耐用消费品\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important;\">（通讯器材类、汽车、石油制品等）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">和出行相关商品\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（餐饮、航空、化妆品、服装等）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">卖得比较好。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">看来居民的消费信心增强了一些。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">工业下游需求回暖，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">手机、汽车、光伏等行业的生产\u003C\u002Fstrong>有所加快。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">投资方面，政府是花钱的主力。在\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">基建和制造业投资的带动下\u003C\u002Fstrong>，同比增速稳定。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">相比之下，出口和房企还没有明显改善，不过出口降幅有所收窄。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">房地产这边，居民需求不足，不少购房者还是观望态度。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">而房企的资金压力也比较大，保交楼任务有的还没完成，新开工的热情也不大。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>   \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">好的方面再接再厉，不理想的地方还需要政策支持。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">总之，接下来在政策宽松的大环境下，实体经济的融资需求大概会继续增加。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F7b4dbd33-9bb1-46f2-90e7-7bd645dbc440.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Ch3 style=\"margin: 0px 16px 16px; padding: 0px; outline: 0px; font-weight: 400; font-size: 17px; max-width: 100%; color: rgba(0, 0, 0, 0.9); letter-spacing: 0.544px; clear: both; min-height: 1em; text-align: center; background-color: rgb(255, 255, 255); line-height: 2em; font-family: -apple-system, "system-ui", "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">03 对我们有啥影响\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fh3>\u003Csection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">除了央行降准，近期的连环大招还有很多——\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003C\u002Fsection>\u003Cblockquote style=\"margin: 0px 16px; padding: 4px 0px 0px 10px; outline: 0px; border-left: 3px solid rgb(219, 219, 219); color: var(--weui-FG-1); font-size: 15px; max-width: 100%; letter-spacing: 0.544px; text-align: justify; text-indent: 0em; background-color: rgb(255, 255, 255); line-height: 2em; font-family: system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降印花税\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">限制大股东减持\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">融资保证金比例下调\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降息\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(136, 136, 136); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">...\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003C\u002Fblockquote>\u003Csection>\u003Csection>\u003Cbr\u002F>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">归结起来，就是要全力拼经济，\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">扭转市场对经济的预期，提振信心\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">那效果怎么样呢？\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">-债市\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">理论上，降准对债市的利好比较直接：市场上的钱多了，利率大概率会下降。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">但这次挺特别的，利率「不降反升」，十年期国债已经回到了降准前的水平。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F57b4e755-c2fc-4ee3-af28-855573e5db18.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Cp style=\"margin: 0px 16px 16px; text-align: center; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-size: 17px; letter-spacing: 0.544px; text-indent: 0em; background-color: rgb(255, 255, 255); line-height: 2em; font-family: system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(136, 136, 136); font-size: 14px; letter-spacing: 1px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(136, 136, 136); font-size: 14px; letter-spacing: 1px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">英为财情\u003C\u002Fspan>\u003C\u002Fp>\u003Csection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">一方面，今天发布的零售以及工业指标不错，或许说明市场有了\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">恢复的迹象\u003C\u002Fstrong>，愿意借钱消费、投资了。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">另一方面，当前的国债收益率已经离历史最低值\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important;\">（2.49%）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">非常接近，下降空间有限。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">由于债市利率和价格是\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">负相关\u003C\u002Fstrong>的——\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">经济继续回暖，消费、投资的人变多了，利率价格可能会升高，对债市就不利了。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">所以，债市未来或许有小波动，咱们得做好心理准备。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">相较来说，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">短期债券会比中长期债券更平稳一些\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">-股市\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准之后，市场的钱更多了，但资金愿不愿意买股票呢，得看信心。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">现在的股市，和一个月前调低印花税的位置大差不差。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">也就是说，投资者对近期一连串的政策大招毫无反应，确实够悲观了😂。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">但正如投资大师邓普顿的名言说的：\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">行情总是在绝望中诞生，在半信半疑中成长，在乐观主义弥漫时成熟，在人人陶醉中结束。\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">咱们不妨借助数据，让自己从负面情绪中抽离，客观地看待市场。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">比如看沪深300指数的市盈率，当前是11.59倍，比过去十年75%的时间都便宜，和18年贸易战、20年疫情爆发的时候差不多。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>       \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fa00a3a0a-8bc5-4e17-a218-755798c232b8.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em; text-align: center;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：理杏仁\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">那么如果能做到低估区间买入，赚钱的概率理应更高，相信这次也不会例外~\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">-存款\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">降准对存款利率来说，没啥直接影响。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">但眼瞅着马上要降存量贷款利率了，银行要维持一定的利润空间，可能还会从「降存款利率」上找补回来。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">所以，要存钱的小伙伴，要抓紧了~\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">再来说说超级火的\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); background-color: rgb(255, 218, 169); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">香港存款\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">现在内地的存款利率大约1年期2.5%-3%，香港由于跟着美联储加息，1年期利率能达到4%-5%，吸引了一波「套利党」跨境存钱。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">不过，需要提醒的是，换成外币存款是有汇率风险的，假设人民币兑美元回到6.7\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（过去十年中位数）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">，相当于升值了8%，很可能赚了利息，折了本金。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">当然，如果你手上有一笔外币，或者本来就要换外汇，选择高利率的存款肯定更合适。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">你也可以考虑内地的\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); background-color: rgb(255, 218, 169); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">美元存款\u003C\u002Fstrong>\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">，一些银行也能有5%+\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（如江苏银行、北京银行、中国银行，有起购额要求）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">，比起去香港，还能省下旅游开支~\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">-黄金\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">最近，黄金真是火出圈了：\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">追踪金价的黄金基金创下历史新高，今年以来收益率达到14%+；几大珠宝品牌零售黄金价突破600元每克。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">估计有不少朋友在考虑投资黄金，想给你几个小贴士：\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; background-color: rgb(255, 218, 169); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">1）黄金价格并不稳定，会暴涨暴跌。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; background-color: rgb(255, 218, 169); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">咱们投资一个品类，就像选伴侣，除了看高光时刻，还得看低谷的表现。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F1c1f9238-6158-451b-9305-3bb9ed486ccc.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em; text-align: center;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); font-size: 14px; color: rgb(136, 136, 136); box-sizing: border-box !important; overflow-wrap: break-word !important;\">图源：Trading Economics\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>       \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">历史上，美元黄金收益能达到年化6%，看着不错。但其中有20年没涨过、也有大跌40%的炸裂数据。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">如果要投资，别拿超过家庭可投资金的5%，避免遇上最坏的情况，无法坚持。\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; background-color: rgb(255, 218, 169); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">2）内地金价超海外，小心回撤\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; background-color: rgb(255, 218, 169); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">如果你看海外金价，普遍没有超过20年的高点，为什么内地金价一骑绝尘呢？\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>       \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">主要是受\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">人民币汇率\u003C\u002Fstrong>的影响。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>       \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">通常，人民币贬值，内地的黄金表现就会更强劲。人民币升值，反而跑不赢海外金价。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>       \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">所以，如果接下来人民币升值，投资黄金也会面临汇率风险。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>       \u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px; line-height: 2em;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; text-decoration-style: solid; text-decoration-color: rgb(34, 34, 34); box-sizing: border-box !important; overflow-wrap: break-word !important;\">好啦，关于降准以及近期的经济数据就和你聊到这里，有什么想说的，欢迎留言讨论~\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003C\u002Fsection>\u003C\u002Fsection>\u003C\u002Fsection>\u003C\u002Fsection>\u003C\u002Fsection>\u003C\u002Fsection>\u003C\u002Fsection>\u003C\u002Fp>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>","2023-09-16 09:00:00",100,0,"zhengjiurong@jane7.com","liuweixin@jane7.com","2023-09-15 20:13:18",21,false,15695,2,"1038002",[],[],[],[],[]]