Which hotspots are closely related to the lighting industry?

In the third week of May, the "central bank rate cut" became the focus of the domestic market this week. At the same time, China has also ushered in a large number of important economic data released, 2.25%, 2.37 trillion yuan, 285.5 billion yuan ... ... The meaning behind these data, you understand? Take a look at the hotspot scans.

2.25%

The central bank "finally" announced another rate cut

The People's Bank of China announced on May 10 that it has lowered the benchmark interest rates on RMB loans and deposits for financial institutions since May 11. The one-year benchmark lending rate of financial institutions was cut by 0.25 percentage point to 5.1%; the one-year benchmark interest rate was lowered by 0.25 percentage point to 2.25%. This move will inevitably drive the adjustment of the yield of the bank's wealth management products, change the monthly payments for buyers, and will objectively affect the stock market.

The seemingly "cold" central bank currency action, in addition to a certain positive effect on the real economy, will have a significant impact on the ordinary people's "money bag." Especially for house slaves, the monthly housing supply will be lower due to next year. After the adjustment, if the home buyer loans 500,000 yuan and 20 years of equal principal and interest repayment, the monthly supply will decrease by 71.44 yuan, and in 20 years, it will save about 17,000 yuan.

With the interest rate cuts, the floating range of deposit interest rates has once again widened, and the upper limit of the floating range of deposit rates of financial institutions has been adjusted from 1.3 times the benchmark deposit interest rate to 1.5 times; the benchmark interest rates for other grade loans and deposits, and the deposit and lending rates for individual housing provident funds have been correspondingly Adjustment.

2.37 trillion yuan

The first four months of real estate development investment plummeted

According to data released by the National Bureau of Statistics on May 13, from January to April of this year, the national real estate development investment was 2,266.9 billion yuan, a year-on-year growth of 6.0%, and the growth rate was down 2.5 percentage points from January to March. Although the growth rate of investment continued to fall, and the developer’s land purchase area also fell sharply, the sales floor area and sales volume of commercial housing all decreased.

Data show that from January to April, the sales volume of commercial housing was 263.85 million square meters, which was a year-on-year decrease of 4.8%, which was a decrease of 4.4 percentage points from January to March; the sales of commercial housing was 1.7739 trillion yuan, a decrease of 3.1%, a decrease from January to March. Narrowed 6.2 percentage points, both narrowed for two consecutive months. At the end of April, the area for sale of commercial housing was 65,681 square meters, an increase of 6.82 million square meters compared to the end of March.

According to previously released data, among the five key indicators of the real estate market in the first quarter, the growth rate of real estate investment fell below 10% to a new low in the past six years, and the 14th consecutive slowdown occurred. The area for sale of commercial housing continued to increase, and new housing starts began. The decrease in area was widened, and the sales area and sales volume of commercial housing declined significantly in the first quarter and March.

255.5 billion yuan

Overseas capital flows into the Chinese property market

According to relevant data, this year's global real estate fund investment has ushered in a wave of small peaks. At present, the total amount of 429 billion U.S. dollars (about 2.66 trillion yuan) has been collected, of which more than 40 percent is more than 46 billion U.S. dollars (about RMB 285.5 billion will be invested in the Chinese real estate market.

According to industry insiders, China’s property market is already quite large, and foreign investment in residential investment is greatly reduced. Even if nearly 300 billion yuan of overseas funds will enter China, there is little possibility that property prices will rise in the short term.

Analysts pointed out that firstly, the domestic real estate market has grown several times over before, and overseas funds have not been able to sway in the domestic market; overseas funds now hardly invest in residential buildings, and the main areas of investment are commercial real estate and office space. market. In fact, although China's property market is still highly concerned by overseas funds, its attractiveness has been weakened compared to before.

About interest rate cut

The central bank cut interest rates or caused six major effects

1, less interest. When the central bank cuts interest rates, the one-year deposit interest rate is reduced from 2.5% before adjustment to 2.25%, which means that we will go to bank deposits in the future and interest will decrease. This is actually a good thing. To save money, you can “shop around” and choose banks with higher interest rates to manage their wealth.

2, less mortgage. The interest rates for commercial loans and provident fund loans both fell, and the pressure on home loans was small. The loan interest rate for personal housing accumulation funds over 5 years was reduced from 4% before adjustment to 3.75%, and the benchmark interest rate for commercial loans was also lowered from 5.9% before adjustment to around 5.65%. .

3, consumption is active. A rate cut means that interest may be reduced, and the bank’s deposit flow is shifted to consumption and investment. From the point of view of consumption alone, it is expected that the consumer confidence index will increase in the future as the interest rate cut will promote consumption.

4, affect the investment. The interest rate cut by the central bank directly affects the investment products, which favors the major industries with higher asset-liability ratios, such as real estate, cement and building materials, and steel, and pressure on liquidity; and it is also good for the stock and bond markets.

5. Influence of the stock market. Interest cuts directly benefit high-debt ratio industries, such as real estate, infrastructure, coal, and securities. However, it remains to be seen whether the banking industry can enjoy interest rate cuts. The decline in the price of money has led to a reduction in the operating costs of enterprises and a reduction in the cost of financing the stock market. This will stimulate more capital to flow into the stock market and will also stimulate corporate investment.

6. Loose loans. Banks relaxed their loan requirements, made it easier for people to borrow, and the cost of loans was reduced. With financial support, more capable people are more willing to start their own business and invest to gain more income.