Guo Shuqiang: Balance Treasure Has No Real Impact On Interest Rates.

< p > "when the balance treasure has just been launched, we are only calculating the seven day yield and ten thousand profit.

Recently, it has begun to discuss a series of problems, such as the interest rate of the real economy and the impact of the banking system.

Guo Shuqiang, general manager of Celestica fund, said at the Tianhong fund media communication conference on the afternoon of April 3rd, at the beginning, everyone joked, "with the balance of treasure, there is no need to worry about math problems anymore", and now it becomes "no longer need to worry about economics".

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< p > Guo Shuqiang said frankly, the experts and scholars and even ordinary netizens caused by the balance treasure did not think much about Internet finance, but there are some bias and misunderstanding in some of these discussions.

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< p > since its launch in June 2013, the balance treasure has attracted a large number of users with high yield and high liquidity, enabling users to enjoy the rate of return higher than the interest rate of demand deposits, thus promoting the development of interest rate liberalization.

But at the same time, a href= "//www.sjfzxm.com/news/index_cj.asp" > balance treasure < /a > absorb current savings, and more than 90% of the assets investment bank agreement deposits have also been questioned.

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< p > on the one hand, it is considered to have pushed up the "a href=" //www.sjfzxm.com/news/index_cj.asp "liabilities" /a "cost" and pushed up the market interest rate. On the other hand, the dividend of the early withdrawal of the agreed deposits has also led to unfair competition.

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< p > "first, < a href=" //www.sjfzxm.com/news/index_cj.asp > balance treasure < /a "has not had a substantial impact on the interest rate of the real economy.

Guo Shuqiang believes that interest rate level is determined by a series of complex problems, such as a country's population structure, economic development structure, enterprise innovation and expansion.

In the short term, the level of interest rate is determined by the supply and demand of capital market, and the balance treasure does not affect the total supply.

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< p > for example, after the Spring Festival, the size of the balance treasure has doubled, but the interbank deposit interest rate has been reduced from 7% to 4%. In the medium term, the central bank's monetary policy and national economic policy have determined the interest rate level of funds.

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< p > the cancellation of the "premature withdrawal of no penalty" bonus for the current deposit market agreement will cancel the impact on the balance treasure. Guo Shuqiang said that the current deposit in the IMF investment agreement is relatively high. It is only a phased phenomenon. With the increasing number of tradable varieties on the market and the liberalization of the investment scope of the IMF, the proportion of the future deposit of the IMF investment agreement will be reduced.

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< p > "Yu Ebao's rapid development has laid the foundation for promoting the development of direct financing."

Guo Shuqiang said that the company is also recommending the liberalization of the IMF's investment in bank acceptance bills and increasing the issuance of short-term financing bonds and short-term corporate bonds in the market.

It can be said that in the short term debt varieties, the balance of money and other monetary fund has become a big buyer, so long as the sellers keep up, the short term direct financing market will have great development.

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In addition to P, Guo Shuqiang also stressed that the liquidity arrangement of balance treasure was realized through asset allocation and foreclosure of big data, and did not rely on early withdrawal.

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