On the evening of May 12th, the central bank announced a 0.5 percentage point reduction in the reserve requirement ratio starting from May 18th, 2012. What impact will this news have on the stock market? The author has summarized the main viewpoints of experts and industry insiders here for the benefit of readers

Yi Xianrong, director of the Financial Development and Financial System Research Office of the Institute of Finance of the Chinese Academy of Social Sciences, said that the further reduction of the deposit reserve ratio means that monetary policy will remain moderately loose, which is good for the A-share market Famous Chinese economist Watson stated that this downgrade is the second in a year, and it is also expected by the market. The main purpose of this downgrade is to address the current economic weakness and slow economic growth. When asked about the impact of this news on the stock index trend this week, Watson stated that this loose monetary policy news is definitely positive for the stock index Liu Jipeng, Director of the Capital Research Center of China University of Political Science and Law, stated that Chairman Guo Shuqing of the China Securities Regulatory Commission has great potential for a series of new policies to boost the stock market. At least from now until the end of the year, the central bank and the China Securities Regulatory Commission will enter a "honeymoon love" period and work together to revitalize the stock market and vigorously develop direct financing. It is entirely possible to lower the reserve requirement ratio three times in the second half of the year However, economist and financial commentator Ma Guangyuan believes that the central bank's current reduction in the reserve requirement ratio is a correction to previous monetary policy. The reduction in reserve requirement ratio this time mainly targets the real economy, with almost zero impact on the stock market, and more psychological impact When it comes to the impact on specific industry sectors of the stock market, the research director of Great Wall Securities stated to Weida that reducing the reserve requirement ratio should boost banks, real estate stocks, cyclical stocks, and the entire market. But the economic data is too poor, and the likelihood of the market continuing to soar is also low. The market will continue to fluctuate for a relatively long time Li Daxiao, Director of the UK Securities Research Institute, stated that the central bank's reduction in reserve requirements is a significant positive policy, which is conducive to the stability of the stock market

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