Financials May 22, 2022 09:04 PM (GMT+8) · EqualOcean
The investment promotion strategy research team pointed out that in May, the five-year LPR was reduced by 15bp, which was higher than expected; In April, the RRR reduction was implemented, and the excess liquidity accelerated to improve. The year-on-year growth rate rebounded to 35%, at a historically high level; In April, the growth rate of M2 continued to rise by 10.5%, significantly higher than the growth rate of nominal GDP. Many signals indicate that asset prices have upward momentum. Abundant liquidity has brought important support to a shares. Although there are many unfavorable factors for the economy, the capital distribution and asset appreciation seem to have begun. A shares have stabilized and rebounded as scheduled, and gradually entered a new round of upward cycle. Steady growth is an important main line at present. The sectors benefiting from the acceleration of new construction and construction and the traditional cyclical products and new energy infrastructure along the main line of the recovery of economic activities after the epidemic can be paid special attention to.

This text is a result of machine translation.