?? ????????!???“???????”???A?????
????:1???qm??????:??????
2???????
3???????
4?????11???
5???????
??????????????????????/????????
???????????,???????
????????24??,????????????????????????????
?????????????????????+??????
??????????????,??????????????????0.5????????,??????1??????????;????????????????????,?????0.25??0.5????????
???????????????,?????????????????,7????????????????????0.2??,??????????????????????????1.7%??1.5%,?????,????????
????,?????????????7%,????,?????????????8.5%??????????8%,???????????????6.5%??????????????????6%;??????????5%???
??,??????????????????????6.6%,???,??,?????
???????????,???????????,????????????????????(MLF)??????????????0.3?????,???????????????????(LPR)????0.2??????0.25???
??????????????????“??”
??????????????,???
??????????????????,??????????????????????????????????????,??????????,???????0.5??(????????????????????,???????????????)?
?????????,????,???????????????????,?????????,???????????????
???????????????15%???,????????????????????????,??15%?
??????????????????????????????,??????????“????????????16?????????????”???????????,??????????????,?????????????????????????????,???????????????????2026????????????
?????????,???????????????????????3000?????????,?,??60%????100%,???
????????????,???????????????????,??????,????????????????????????????????,???
??????
????????????????????????,??????????????
???,????????????????????????????,??????????????????????????????????????,?,???????????
?????????5000??????????,???????????????
????,??????????,???,?????????????????????????????????????????,?????????????100%,?????????1.75%,????????????3000??,?????????????????????
?????,??????????,???????????????????ETF????300????,????????????????????????????????????
?????????????????????,??,?????????????????,????????????????
??,????????????????2008??,??(TSLF),???,??????????????????????,??????????,?????????????,2020??????????????
??2019?(CBS)???????????,????????,??????,?????????????
“???????????”????,??????????«??????????????»?????????????????????,???????????????????????????,????????????“??”?????????,??????????????,???????????,??????
??????????,?????,???,?,???
??,??????????????????????,????????????21????????????????????????????????,????????,???????????????????????,????100%????????????? ????????????????????????:?????