中信证券:8月流动性缺口的绝对规模压力不大



Core Viewpoint - CITIC Securities reports that the absolute scale pressure of liquidity gap in August is not significant, excluding the factors of MLF and reverse repos maturing [1] Group 1: Liquidity Analysis - The liquidity gap in August is manageable, with no major tightening expected [1] - Fiscal and monetary policies are deemed to have controllable risks regarding liquidity patterns [1] - Attention should be paid to institutional behaviors that may disrupt the funding landscape [1] Group 2: Recommendations - It is advised to be cautious in positioning during specific periods such as month-end or tax payment dates [1] - Over-speculation in liquidity conditions is not recommended [1]