Oriental Jincheng Wang Qing: It is expected that around the end of the third quarter, the central bank will cut interest rates and reserve requirements again

July 7th news, overall, the industry generally expects that the new RMB loans and social financing in June will increase more than the previous month. Looking back at the data in May, the new RMB loans in the month were 620 billion yuan, and the new social financing was 2.29 trillion yuan. Wang Qing, chief macro analyst of Oriental Jincheng, expects that the new RMB loans in June will be about 2.10 trillion yuan, which will increase significantly compared with the previous month, basically flat year-on-year. Wang Qing expects that the new social financing in June will be about 4 trillion yuan, which will increase seasonally compared with the previous month, and will also increase year-on-year. Wang Qing believes that the next stage of monetary policy will be in the direction of reducing the financing cost of the real economy and guiding Financial Institution Group to increase the intensity of money and credit. It is expected that around the end of the third quarter, the central bank will cut interest rates and reserve requirements again. This is an important force in promoting consumption, expanding investment and guiding the price level to rise moderately in the second half of the year.