?? ???!????????“???????”??????A??
????:1?????????:??????????
2???95?
3??????
4??????
5???????
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????????????????????????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????????????????
????????“????????????????????”
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??????????????,??????????,?????????????????????????????,????,????????????????????
?????15%??????????,???????????????????,??15%?
????????????,???“??????????????????????16??”????????????,????????????,??????????,?????????????????2026?????????????
???????????????,??3000??????,??,???????????????????????60%?????100%,??
????????????????????????????,?????????????????????,??????????????,?????????????????????,???????????????
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??????????,????????????????????????????????????,????????????????????????,????????????????????,????
??5000??????????,?????????
???????????????????????,????????????????????????,?????????????,??????????????????????????????????????????,??100%,???1.75%,??????3000????????,????
???????????????????????????,????????????????????????????????????????,?????????????????????????ETF???300????,?????????????????
????,???????????????,?????????????,????????????????????????????????
??????????????,????????????????2008????,??????????(TSLF),??,??,?????????????,????????????????????,2020???
??????????????????????2019???(CBS)?????,?,????,?????
“???”??,???«?????????????»??????????,??,??????????????????????????????????????????????“??????????????”??,??????????,????????,?????
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???????????,???,????21???????????????,???????????????????,???????????????????,????100%??? ???????????????????????????:??????