Two Cities Nearly 1000 Shares Down The Gem Index Fell Sharply

In October 21st, the two cities in the afternoon plunged rapidly, and the Shanghai stock index fell more than 3%. The intraday fell 3400 points and 3300 points and two integer points.

The index fell nearly 7%, and the two cities reached a trillion yuan.

Plate only banks, insurance sector rose, while the theme stocks a sharp callback, the two cities nearly 1000 shares limit.

For today's sharp fall, chief economist of British securities

In accepting the news network link, said that the market is still in the 2850 point "baby bottom" up the process, the crash is the 3450 point, the 60 day moving average challenge technical level callback.

After the crash, whether the national team will launch the problem, Li Daxiao said, from the late bank stocks pulled, we can see that the national team has already launched the bailout.

Today, Li Daxiao also shouted in micro-blog.

It's just the baby's making trouble. The 3450 is strong resistance, but it's not insurmountable. Let's not panic.

Prior to this, Li Daxiao pointed out that in 13th Five-Year, planning to build the bottom of the Chinese stock market, underestimating the blue chip stock valuation has been in place, the value has been reproduced, and asked it to expect it to return to the diamond bottom, has a very low probability.

For the aftermarket, Li Daxiao said that the market has not yet found a breakthrough point of 3450 news, the market power is insufficient, I am afraid that will continue to shock for some time.

But Li Xiao Xiao warned investors that there was no need to panic. The market trend had not been reversed. "As the bar and rod factor has been eliminated, the possibility of slaughtering retail investors is not strong enough, and there is no possibility of continuous massive slaughter."

In addition, from the disk, today's early morning and midday close to the end, the market is in a sharp fall, but this time the bank shares against the trend, a huge rush.

Related links:

The people's Bank of China 21 News, in order to maintain the liquidity of the banking system is reasonable and abundant, combined with the liquidity demand of financial institutions, the central bank carried out a short-term loan facility (MLF) operation for 11 financial institutions on the 21 day for a total of 105 billion 500 million yuan, with a period of 6 months and a 3.35% interest rate. At the same time, it continued to guide financial institutions to increase their support for key areas and weak links of small and micro enterprises and the "three rural" national economy.

Li Qilin, head of the fixed asset collection Institute of Minsheng Securities Research Institute, said that the MLF period is 6 months, and the cost of capital is high. The release of liquidity is a long-term liquidity and low cost of capital, which can better achieve the role of currency hedging.

It is estimated that there will be 50-100BP reduction space.

Liu Ligang, chief economist of Australia's new China Greater China region, also believes that the central bank is likely to drop again in the fourth quarter of this year.

"At present, China's deposit reserve ratio is still at 18% high, unchanged from the fourth quarter of 2010.

Recently, the central bank has lowered the down payment ratio of the first suite buyers, down from 30% to 25%, which will prompt the real estate market to stabilize and create credit demand.

Therefore, the central bank needs to further relax the credit restrictions on the banking system, and the 50 quarter will be further reduced by 50 basis points.

Liu Ligang said.