央行今天的新闻发布会大家都看了，之前说的择机降准降息直接兑现了，从这个月的15日开始，存款准备金直接下调0.5个百分点，力度还是超出预期的， 实际上不仅仅是降准，还有对个人住房贷款利率也下调了0.25个百分点，让5年期以上的房贷利率直接回落0.25%。 应该说这次央行的举措是组合拳，跟以往的货币政策调整还是有区别的，主要是细化了一些领域的利率，比如阶段性的汽车金融公司、金融租赁公司的存款 准备金利率从目前的5%直接调整到0%，这很显然是进一步加大汽车消费的支持力度； 还比如说将LPR也就是公开市场7天逆回购操作利率从目前的1.5%调降至1.4%，这会带动贷款市场报价利率同步下行0.1个百分点等； 应该说像这种货币政策调整的组合拳在以前是很少看见的，足以显现出央行的智慧，应该是对货币政策的针对性方面做了细化，主要还是为了金融支持实体 经济的一些举措。 要我评价的话，就两字：利好！ 对股市的投资者来说，光看到这些利好没有太大的价值，关键是股票得涨，可是你看看今天的市场表现，沪指开盘时上涨了1%，而到中午11点30分收盘时 则跌幅收窄到了0.56%，这是典型的高开低走。 问题归问题，市场消化是需要时间的，既然央行能 ...

21世纪经济报道记者 边万莉 杭州报道 5月7日，国新办就"一揽子金融政策支持稳市场稳预期"有关情况 举行新闻发布会，中国人民银行行长潘功胜、国家金融监督管理总局局长李云泽、中国证券监督管理委 员会主席吴清出席并回答记者提问。 就货币政策工具调整、降准降息、优化两项支持资本市场的工具、稳楼市稳股市、应对关税冲击、科技 金融发展、公募基金改革等热点话题，三部委在发布会上作了回应。 要点速览： 会上，央行宣布推出包括降准降息在内的三大类共十项举措；金融监管总局将推出八项增量政策，包括 完善房地产系列融资制度、扩大险资长期投资试点范围等；证监会提出将突出服务新质生产力发展的重 要着力点，大力推动中长期资金入市等。 5、优化两项支持资本市场的工具：总额度8000亿元合并使用，参与机构扩围至40家，贷款最长期限延 长到3年。 6、稳楼市稳股市：完善房地产系列融资制度、鼓励保险公司加大入市力度。 7、应对美国加征关税冲击：应贷尽贷、应续尽续，对受影响上市公司增强监管包容度。 8、支持科技金融发展：债券市场"科技板"相关政策和准备工作已经基本就绪，创设科技创新债券风险 分担工具。 9、今日将发布《推动公募基金高质量发展行动 ...

Monetary Policy Adjustments - The central bank has lowered the reserve requirement ratio (RRR) for financial institutions by 0.5 percentage points, effective from May 15, 2025, which is expected to provide approximately 1 trillion yuan in long-term liquidity to the financial market [1] - The RRR for auto finance companies and financial leasing companies has been reduced by 5 percentage points, enhancing their credit supply capabilities in specific sectors such as automotive consumption and equipment investment [1] - The personal housing provident fund loan interest rate has been decreased by 0.25 percentage points, with new rates set at 2.1% for loans under 5 years and 2.6% for loans over 5 years for first-time homebuyers [2] Structural Monetary Policy Tools - The central bank has introduced two new tools to support the stability of capital markets, with initial quotas of 500 billion yuan and 300 billion yuan for securities, funds, and insurance company swaps and stock repurchase loans, respectively [3] - The total quota for these tools has been merged to 800 billion yuan to better meet the needs of various institutions and enhance market stability [3] - An additional 300 billion yuan has been allocated to the re-loan quota for technological innovation and transformation, bringing the total to 800 billion yuan [3] Interest Rate Adjustments - The central bank has reduced the policy interest rate by 0.1 percentage points, which is expected to lead to a corresponding decrease in the Loan Prime Rate (LPR) [4] - Structural monetary policy tool rates have been lowered by 0.25 percentage points, potentially saving banks 15 to 20 billion yuan annually in funding costs [4] - The reduction in personal housing provident fund loan rates is projected to save residents over 20 billion yuan in interest payments annually, supporting housing demand and stabilizing the real estate market [4]

晨报 铝锭 投资咨询业务资格： 负责人：赵 毅 从业资格号：F3059924 投资咨询号：Z0002978 电话：010-62688526 成 材：武秋婷 从业资格号：F3078638 投资咨询号：Z0018248 电话：010-62688555 从业资格号：F3038114 投资咨询号：Z0014834 电话：010-62688541 从业资格号：F3059529 投资咨询号：Z0018932 电话：010-62688516 从业资格号：F03127144 投资咨询号：Z0020161 电话：021-20857653 成文时间： 逻辑：云贵区域短流程建筑钢材生产企业春节期间停产检修时间大多 在 1 月中下旬，复产时间预计在正月初十一至正月十六左右，停产期间预 计影响建筑钢材总产量 74.1 万吨。安徽省 6 家短流程钢厂，1 家钢厂已 于 1 月 5 日开始停产；其余大部分钢厂均表示将于 1 月中旬左右停产放假， 个别钢厂预计 1 月 20 日后停产放假，停产期间日度影响产量 1.62 万吨左 证监许可【2011】1452 号 逻辑:昨日铝价偏弱震荡。美国关税的不确定性导致美国消费者信心数 据恶化，美联储主 ...

关税的不确定性导致消费者信心数据恶化，许多公司撤回了财测。包括美联储主席鲍威尔在内的美联储 官员的讲话表明，联储会保持耐心，直到关税影响在经济数据中反映出来，然后再决定是否以及如何调 整货币政策。美联储周二开始举行为期两天的会议，市场普遍预计美联储周三会维持利率不变。 根据伦敦证交所集团（LSEG）编制的数据，市场目前预计在7月会议上降息至少25个基点的可能性接近 80%。 【黄金行情解析】 昨日印巴冲突升级引发避险情绪激增，黄金后半夜企稳攀升至3438附近。今晨中方宣布将访问瑞士的消 息释放，市场避险情绪迅速降温，黄金承压回落，反弹动能持续衰减。结合技术面，金价上探次高点未 果，此轮回调或成必然，不排除出现百美金级别的下行空间。今日上方关注3440一线；下方关注3335附 近。 摘要周三(5月7日)亚早时段，现货黄金走势偏弱运行，目前最新价格交投于3390.20美元/盎司，跌幅 1.20%。市场关注美联储周三公布的政策决定，预计联储将在会上维持利率不变，但这次会议可能是最 后一次结果如此明朗的会议。 周三(5月7日)亚早时段，现货黄金走势偏弱运行，目前最新价格交投于3390.20美元/盎司，跌幅1.20%。 ...

Group 1 - The People's Bank of China (PBOC) will lower the reserve requirement ratio by 0.5 percentage points, providing approximately 1 trillion yuan in medium to long-term liquidity to the market [1] - The policy interest rate will be reduced by 0.1 percentage points from 1.5% to 1.4%, which is expected to lead to a similar decrease in the Loan Prime Rate (LPR) [1] - The PBOC will lower the personal housing provident fund loan rate by 0.25 percentage points, with the interest rate for first-time homebuyers on loans over five years decreasing from 2.85% to 2.6% [1] Group 2 - The PBOC will optimize two monetary policy tools to support the capital market, merging the quotas for securities fund insurance company swaps and stock repurchase loans to a total of 800 billion yuan [1] - A new 500 billion yuan re-lending facility will be established to support consumption and elderly care, along with an additional 300 billion yuan for agricultural and small business support [1] - The China Securities Regulatory Commission (CSRC) is committed to maintaining market stability and improving response plans to external risks [1] Group 3 - The PBOC has implemented a moderately loose monetary policy this year, focusing on counter-cyclical adjustments to support high-quality economic development [2] - Despite significant shocks, the domestic financial system remains stable, with the Shanghai Composite Index rebounding quickly after a drop on April 7 [2] - The 10-year government bond yield is around 1.65%, and the RMB/USD exchange rate has recovered to approximately 7.2 after a depreciation [2] Group 4 - The National Financial Regulatory Administration plans to introduce eight new policies to enhance financing for real estate and expand long-term investment by insurance funds [3] - These policies aim to support small and private enterprises, adjust regulatory rules, and provide targeted services to businesses affected by tariffs [3] - There will be a focus on increasing investment in technology innovation enterprises and developing high-quality technology insurance [3]

国务院新闻办公室5月7日上午举行新闻发布会，请中国人民银行行长潘功胜、国家金融监督管理总局局长李云泽、中国证 券监督管理委员会主席吴清介绍"一揽子金融政策支持稳市场稳预期"有关情况，并答记者问。 潘功胜：人民银行将降低存款准备金率0.5个百分点，降低政策利率0.1百分点 5月7日，中国人民银行行长潘功胜在参加国新办新闻发布会时表示，人民银行将降低存款准备金率0.5个百分点，预计将向 市场提供中长期流动性1万亿元。下调政策利率0.1个百分点，从目前的1.5%调降至1.4%，预计将带动LPR下行约0.1个百分 点。 胡华雄/制图 潘功胜：降低个人住房公积金贷款率0.25个百分点 5月7日，中国人民银行行长潘功胜在参加国新办新闻发布会时表示，降低个人住房公积金贷款率0.25个百分点，5年期以上 首套房利率从2.85%降低至2.6%，其他期限利率目标同步调整。 潘功胜：今年以来，货币信贷呈现出数量增加、价格下降、结构优化的特征 5月7日，中国人民银行行长潘功胜在参加国新办新闻发布会时表示，今年以来，人民银行实施好适度宽松的政策，强化逆 周期调节，综合运用多种货币政策，服务实体经济高质量发展，为推动经济回升持续向好，营 ...

智通财经APP获悉，高盛发表报告表示，美联储官员近期对货币政策调整表现出高度谨慎，强调需等待 更多数据支持后再采取行动。总体而言，高通胀、关税政策的不确定性以及劳动力市场等潜在风险是当 前决策的核心考量。 高盛指出，自3月联邦公开市场委员会(FOMC)会议以来，多位官员与主席鲍威尔的立场一致，认为当前 政策"处于良好位置"，需等待更明确的经济数据后再决定是否调整利率。克利夫兰联储主席哈马克表 示："宁愿缓慢行动但方向正确，也不愿快速行动却犯错。"她提到，如果6月前能获得"明确且有说服力 的数据"，FOMC可能会调整利率，但前提是"确定正确的行动方向"。 就目前而言，关税对经济的影响成为讨论焦点。高盛表示，美联储官员普遍意识到，关税的实际经济影 响比预期更大。虽然理论上关税可能只会导致价格一次性上涨，但也存在引发更持久通胀的风险。美联 储主席鲍威尔指出，关税很可能至少会导致通胀暂时上升，其通胀影响可能更持久，供应链中断等因素 可能使一次性通胀冲击持续更长时间。圣路易斯联储主席穆萨莱姆也提到，关税变化对价格和经济活动 有多种直接和间接影响，间接和第二轮效应可能对通胀产生更持久的影响 。 美联储理事沃勒指出，在"高 ...

Core Viewpoint - The Federal Reserve's balance sheet reduction significantly impacts the platinum group metals market, affecting liquidity, exchange rates, investor expectations, and industrial demand, necessitating strategic responses from market participants [1][8]. Group 1: Federal Reserve's Balance Sheet Reduction Overview - The balance sheet reduction, initiated in 2017, aims to address potential inflation pressures during economic recovery by directly withdrawing liquidity from the market [2]. Group 2: Spillover Effects on Platinum Group Metals Market - Liquidity changes due to the Federal Reserve's actions lead to reduced market funding, increasing investment caution and potentially causing price declines in platinum group metals [2][3]. - Exchange rate fluctuations, particularly a stronger dollar, raise costs for non-dollar investors, potentially suppressing demand for platinum group metals [2][4]. - Investor expectations and market sentiment are influenced by the Federal Reserve's policies, leading to preemptive adjustments in investment strategies and increased price volatility [3][4]. Group 3: Industrial Demand Impact - The balance sheet reduction may indirectly affect industrial demand for platinum group metals by slowing global economic growth, particularly impacting the automotive sector, which is a major consumer [4]. Group 4: Strategies for Responding to Balance Sheet Reduction - Investors are advised to adjust their portfolios by reducing exposure to platinum group metals and increasing liquidity, while also exploring structural opportunities within the market [5]. - Companies in the platinum group metals supply chain should enhance risk management practices, optimize production processes, and diversify market channels to mitigate the impact of reduced liquidity [6]. - Government support through policies promoting recycling, innovation, and market regulation is essential for stabilizing the platinum group metals industry [7]. Group 5: Conclusion and Future Outlook - The platinum group metals market will continue to face uncertainties due to the Federal Reserve's monetary policy adjustments, but its fundamental importance in various sectors remains [8].

路透调查：马来西亚央行将在2024年5月8日维持隔夜政策利率在3.00%，其中30位经济学家中有24位持 此观点。马来西亚央行将在第四季度末将隔夜政策利率下调至2.75%，低于四月份调查时的3.00%。 ...