Citic Securities Mingming: there is still 0.25% room for reserve reduction during the year, and the probability of landing in the fourth quarter is high.

FIFA, May 30 (Xinhua)-- the chief economist of Citic Securities clearly pointed out that the operation of reducing reserve requirements has become a conventional means to make up for the medium-and long-term liquidity gap and provide low-cost funds; full-year credit growth will further deplete the excess reserves of the banking system, and there is still room for reserve reduction. It is expected that there is still 0.25% room for reserve reduction during the year, and the landing time or months with a larger maturity of MLF will have a higher probability of landing in the fourth quarter. (Gao Yanyun, reporter of the Financial Associated Press)