Lian Ping: In The Year, It Is Unlikely That The Rate Of Reduction Will Be Substantially Reduced.

According to the central bank's "China's monetary policy implementation report for the third quarter of 2014", Lian Ping, chief economist of Bank of communications, pointed out that directional reduction and orientation in the year

Operations and directional refinancing initiatives are expected to continue to be launched, and the possibility of a big reduction in interest rates and interest rates is unlikely.

In November 6th, the central bank was in the third quarter of 2014.

The implementation report indicates that the next step will continue to implement a prudent monetary policy to maintain continuity and stability of policies.

At the same time, it will also be based on

The basic changes should be adjusted timely and appropriately, so as to enhance the flexibility, pertinence and effectiveness of regulation, and create a moderately and moderately monetary and financial environment for economic restructuring and pformation.

After the end of the third round of quantitative easing in the United States, the market for China's comprehensive reduction of interest rates discussed more intense, and some even expect the full reduction of interest rates will appear in the four quarter.

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The process of market driven institutional innovation has never stopped. After the formation of a new market model, it will spread like a virus, and the innovative mode of "PE+ listed company" is typical.

Silicon Valley paradise first created the M & a mode of "PE+ listed companies" in China in 2011. Behind this seemingly simple model is the "breathtaking leap" in Silicon Valley paradise and even in the development of PE in China.

In the M & a market, there is a high fever. PE agencies are frequently seen in the fixed growth plan of listed companies. This mode is also an attempt by many PE institutions and listed companies.

For the two sides, PE has added a new way on the basis of the original IPO exit channel. The listed company, with the help of PE's professional capital operation, will achieve the goal as soon as possible, thus achieving the win-win situation of both sides.

Since 2011, such cases have emerged one after another.

The mode of "listed company +PE" is also evolving. Taking Silicon Valley paradise as an example, the "PE+ listed company", which was first established at the beginning, set up the acquisition fund and evolved into PE to directly buy shares in the listed company to assist in mergers and acquisitions.

In addition, Tiansheng new material "rental shell" incident.

A senior market person told reporters that after three years of development, PE institutions are becoming an important force for A shares to participate in the trend of mergers and acquisitions of listed companies. As a result of such simple and easy replication, various investment companies have mushroomed, and their strength and share of the market have also been uneven.

It is reported that this year, more than 60 listed companies of A share, less than 30% of the actual M & A cases after the establishment of the merger fund.

Although the market is hot, there are many reasons behind the low success rate, but it also reminds investors, speculators and follow the great risks.