On March 4th, according to Jin Shi data, CITIC Securities research report stated that our calculation, completely excluding the factors of MLF and the maturity of reverse repurchase, the Liquidity gap in March will significantly narrow compared to February, and the funding situation is expected to see marginal improvement. However, considering that fiscal expenditures usually occur at the end of the month, and there is still pressure on the liability side of banks, the key to the intra-month funding situation will still depend on the attitude of the Central Bank. The tone of the two sessions on policies and the use of Central Bank monetary policy in March should be closely observed and continuously tracked.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
3 Likes
Reward
3
3
Repost
Share
Comment
0/400
BigStick
· 03-04 00:29
Odaily Planet Daily News - U.S. Congress members Ritchie Torres and Tom Emmer are forming a core group on cryptocurrency in Congress, aimed at promoting cryptocurrency-friendly policies in the U.S. House of Representatives. Torres announced this news on March 3 on the X platform. Compared to the newly established core group on cryptocurrency, which will act more as a voting bloc to mobilize support for the digital asset legislation being developed in the House, including stablecoin and market structure bills, the congressional blockchain core group focuses on understanding blockchain technology. Currently, the U.S. House of Representatives is reviewing a draft bill aimed at establishing a regulatory framework for dollar-backed stablecoins. (Cointelegraph)
CITIC Securities: The liquidity gap in March will narrow significantly compared to February
On March 4th, according to Jin Shi data, CITIC Securities research report stated that our calculation, completely excluding the factors of MLF and the maturity of reverse repurchase, the Liquidity gap in March will significantly narrow compared to February, and the funding situation is expected to see marginal improvement. However, considering that fiscal expenditures usually occur at the end of the month, and there is still pressure on the liability side of banks, the key to the intra-month funding situation will still depend on the attitude of the Central Bank. The tone of the two sessions on policies and the use of Central Bank monetary policy in March should be closely observed and continuously tracked.