Impact of RRR cut: "RRR cut will benefit the stock market in terms of liquidity increment and earnings improvement of listed companies." Lian Ping said that RRR interest rate cuts will not lead to the direct entry of financial institutions' funds into the stock market, but the increase in liquidity will gradually indirectly increase the supply of market funds; Downgrading will push up the financing scale and improve the liquidity of some listed companies; In the long run, the improvement of economic fundamentals may also lead to an increase in the income of listed companies, which in turn will push up the stock price. The reduction of RRR can enhance market confidence, have a good positive effect on improving market expectations, and may also have a more positive impact on other markets such as futures.

As far as the bond market is concerned, it is obvious that the bond market is generally at a disadvantage in the stage of wide currency and stable credit, but the absolute point of the current interest rate is already at a low level, and the space for interest rates to continue to decline may be relatively limited.

Regarding the real estate market, Wen Bin believes that under the background of local government's real estate regulation and control, the reasonable financing demand of real estate enterprises and the demand for improved mortgage loans just needed by residents will be effectively met, which will play a positive role in solving the liquidity pressure of some real estate enterprises, improving residents' willingness to buy houses and maintaining the stable and healthy development of the real estate market.