Ren Zeping three signal blocking the central bank to enlarge the water PPP will force the field of t-660003

Ren Zeping: the three signal amplification PPP will hinder the central water force in six major areas: Sina App live on-line blogger to listen to expert guidance on forest stock Jiepan election Niugu tournament on Tuesday, Founder Securities chief economist Ren Zeping (601901) in the latest research report pointed out that the current economy has entered a slow period of rapid decline from bottom. With the decline in real estate investment, the future of the economy is still downward pressure, the government once again steady growth demands. A new round of steady growth in the future may be based on fiscal policy, supplemented by monetary policy. Is expected to be difficult to see the central bank issued a strong signal to loose, there are 3 main reasons: first, the Fed rate hike is expected to heat up, too strong a loose signal will bring RMB devaluation and capital outflow pressure; second year highs, although CPI has passed, but the price of vegetable prices, the central bank still has some vigilant on inflation. Third, the recent housing boom, the king of the frequency, the two quarter of the Politburo meeting proposed to curb asset price bubble, it is likely to constitute a constraint on monetary policy. Ren Zeping said that the fiscal gap is widening, simply relying on the financial investment space is limited, so one option is for the government to stimulate private investment in infrastructure construction, PPP mode will become an important starting point for steady growth. You can expect financial subsidies, preferential loans, tax breaks and other aspects of good PPP policy. The current cost of financing continues to decline, the lowest yield of 10 year bonds fell to $2.64%. With the cost of financing to reduce the attractiveness of a lot of infrastructure PPP projects increased significantly. PPP force point should be mainly rail transportation, environmental protection, urban public facilities, gardens, sponge City, underground pipe network and other fields." Ren Zeping supplement. Founder Securities analyst Guo Yanhong also believes that the introduction of PPP structural opportunities, recommended water, environmental protection and sponge city. The following is the full text: PPP force: policy and opportunity 1 macro Ren Zeping: steady growth in the future monetary finance subsidiary, financial force in PPP in the near future we continue to recommend the PPP theme (see report "PPP force: steady growth and activation of private investment"), the main logic is: the steady growth in the future will be based, supplemented by monetary finance the financial, power point in PPP. 1.1 steady growth in the future: financial based, supplemented by the money in 2015, we put forward the economic L type judgment, the one or two quarter of this year, GDP growth of 6.7%, to verify our judgment. But L does not mean that the economy does not fluctuate or no downward pressure, just from the period of rapid decline slowly into the bottom. With the decline in real estate investment, the future of the economy is still downward pressure, the government once again steady growth demands. A new round of steady growth in the future may be different from the past. 2014-2015 steady growth through a wide range of monetary policy, but the side effects are also very obvious, that is, the stock market, real estate prices. It is expected that the central bank will soon be difficult to see the central bank issued a strong signal of easing again: 1) the Fed rate hike is expected to heat up, too strong loose signal will lead to devaluation and outflow of funds相关的主题文章: