On January 15, 2008, the central bank raised the RMB reserve ratio of deposit financial institutions by 0.5 percentage points, and thus the reserve ratio reached 15%, setting a new high in more than 20 years since the establishment of the reserve system of deposit in 1984.

Deposit reserves are the deposits that financial institutions need to prepare for deposits in the central bank to ensure that customers withdraw deposits and liquidate funds. The proportion of deposit reserves to their total deposits is the deposit reserve ratio. For example, China Construction Bank absorbs 10 billion yuan of deposits from depositors. At a reserve ratio of 15% of the reserve ratio, they need to pay 1.5 billion yuan of reserves to the central bank. The remaining 8.5 billion yuan can be used by it to lend and collect interest to earn profits.

Therefore, the higher the reserve ratio, the tighter the share that commercial banks can lend.

As we all know, real estate is an industry that relies heavily on credit. Developers need to make loans and many home buyers also need to apply for mortgages. When money is tight, this industry will face the biggest impact.

If you think that the deposit reserve ratio of 15% is the highest in history, you are very wrong. On March 25, April 25, and May 20, the central bank continuously raised the reserve ratio. From January to May, there was no movement in the Spring Festival in February, and it was raised every month! 0.5% each time, the current reserve ratio rose to an unprecedented 16.5%!

The shrinking of credit has curbed the momentum of economic overheating. There is a trend of "soft economic landing" reappearing in 1997. The real estate industry, which was the first to be hit, is full of misery. Cities such as Shenzhen that are overheating in real estate speculation have seen housing prices drop, agency closing, and home buyers have changed from queuing up to checking out banners. Major real estate giants have also stopped acquiring land at high prices on a large scale, and their actions have become cautious.

Coupled with the introduction of a series of supporting policies, anyone with discerning eyes can see that the high-level regulatory economy is overheated, especially the real estate industry is overheated and housing prices are rising too quickly.

It was in this context that Shenghua decided to follow the trend, shrink the real estate industry in an all-round way, and strive to stick to and develop its main coal-fired power business.

The causes and consequences are not a secret. The connection between the reserve requirement ratio and the national economy, the relevant situation of the real estate industry, and the adjustment of Shenghua's strategic direction have a clear context. There is no need for any experts and professors. Just ordinary industry insiders, sophomore students in finance majors, and white-collar workers in big cities who are more concerned about buying a house recently. They can easily clarify the relationship between these points.

But Qiran is just a student who lives in a mainland city and has just graduated from junior high school. His parents are not engaged in the finance or real estate industry. With his family background and education, how could he be so clear about the industry that he hits the nail on the head?

He is a junior high school graduate. At this age, he should not be a fan of celebrities, playing online games, playing football and fighting to chase girls. He is actually concerned about the financial situation and real estate!

There is also a precocious person. There is a genius in Beijing who finished his undergraduate degree at the age of 19 and passed the finance major of the University of Pennsylvania in the United States. However, Qi Ran gave Zhou Sheng the impression that he was a very sincere, active and motivated good student and good child. In a sense, such good kids are often too "honest" and are not like the type of genius at all!

"How did you know?" Zhou Sheng added three big question marks after this sentence.

This sentence is like a disguised admission. Qi Ran was greatly encouraged and sent the words to Lin Yan again, becoming a competent setter between the two beauties.

"Don't ask me how I know. The key is whether your judgment of the international and domestic economic situation is correct. Is the impact of the subprime mortgage crisis gradually fading, the US economy continues to improve, or is it gradually fermenting into a financial crisis, which has a more profound impact on the real economy and swept the European market...

If the latter is more likely, the Federal Reserve will inevitably implement a quantitative easing policy of over-issuance of currency. Will my country passively follow up at that time? Will my country's overall economic policy undergo a transformation from overheating regulation to stimulating the economy and maintaining growth...

In order to meet the needs of improving people's livelihood and maintaining growth, the most feasible choice in my country is currency over-issuance and large-scale basic investment. Increased liquidity will inevitably lead to a rise in fixed asset prices, and the real estate industry will recover...

Large-scale economic stimulus has many problems that are inevitable, but it is an inevitable choice in the global environment. We can do everything we can... "

Lin Yan sent her hand over again and almost never rested.

Qi Ran looked at the long speech sent by Lin Yan, and touched his nose with a wry smile. He knew every word, but he didn't understand what it meant when he was connected.

He only slightly changed the aggressive words and sentences in the previous section, and copied and pasted them to Zhou Sheng.

No reply in a long time.

Zhou Sheng in front of the computer stared at the screen without turning his eyes. The hot coffee in his hand was blown cold by the air conditioner air conditioner, and the cold sweat on his back was blown dry. He was stunned.

Monster, monster!

Is Qiran on the other end of the computer still a human being? If possible, Zhou Sheng really wanted to get into the screen like Sadako, then crawl out of Qiran's screen, and grab him and ask clearly.

Then she was excited to find the treasure. Although Zhou Sheng was not a financial professional, she had been with Chen Yi for several years and had a deep understanding of the macro economy. She still had a good understanding of the boss. She saw that this analysis was high-level and judged the international and domestic economic situation from the perspective of global economic integration. The content was detailed and reasonable, and it was very likely to be a correct interpretation of the direction of the global economy.

If the economic situation really develops as in the analysis, Shenghua Group will miss the golden opportunity to implement the original strategic plan. Just thinking about those huge numbers, Zhou Sheng will sweat coldly!

Fortunately, with this analysis report now, we quickly organize experts to argue and after confirming its possibility, adjust the strategic direction as soon as possible. The possible benefits that may be obtained in the future are still astronomical.

In a few minutes, there were countless thoughts in the beautiful secretary's head, and even thoughts of taking this analysis for himself. Fortunately, she quickly calmed down and knocked on her forehead: "Zhou Sheng, Zhou Sheng, what's wrong with you?"

After drinking some cold coffee, the young man's sunny face appeared in front of him. Zhou Sheng, who was in a thrilling mood, jokingly typed a line of words at the chat window: Hehe, you are such a genius, I want to kiss you two!

After Qi Ran sent Lin Yan's long speech to Zhou Sheng, he was searching the information on Baidu and trying hard to interpret the content. His eyes were dazzled. Another line of words appeared in the chat window. He glanced at the front in a trance, feeling that it was a compliment, so he copied and pasted it to Lin Yan.

Haunted! The girl sitting in front of the computer typing, squinted her eyes and thought about it, then deleted the two words "Hate" that had been typed out, and typed it again: "Do you dare?"

Humph, Qiran, you are so brave, dare to tease me?!

Lin Yan's mouth was slightly sagging, her perky nose was slightly wrinkled, and she looked arrogant, and she waved her fist to demonstrate to Qi Ran on the other end of the Internet. In fact, there was no video, Qi Ran could not see it at all.

Do you dare? Qi Ran was inexplicably sent it to Zhou Sheng first, and then checked the chat records. When he saw the second half of Zhou Sheng's words, he was stunned.

Zhou Sheng in a high-end apartment in Beijing was also angry. Seeing the two words full of provocation, his mouth tilted to the side: "Ah, the genius boy is amazing? The little guy hasn't even grown all his hair, but he actually dares to tease me! Do you think I dare?"

But start construction first!

The beautiful secretary made two more cups of coffee, sorted out the chat records overnight, and made a formal analysis report.

Below the head of the head is the name of the genius boy Qi Ran.
Chapter completed!