Good for the stock market. When there is more money in the market, there will always be some funds entering the stock market to increase liquidity, so it is also indirectly good for brokers, and it is good for banks in the short term, because more money is used for lending, which is good for the real industry in the short term, because there is no obvious negative industry for the increase in loan funds, and it is good for any industry except banks.

Beneficiaries reduce interest, reduce the cost of corporate loans, ease the pressure of corporate liquidity, and indirectly improve performance, especially for highly leveraged industries, such as real estate. Although the interest rate cut did not directly put funds into the market, it reduced the capital cost of the whole market and increased the liquidity of enterprises, and its impact on the economy was significant, which was lower than that of short-term water release.

RRR

If the interest rate cut is to reduce the cost of capital, then RRR interest rate cut is to directly increase the supply of capital. Interest rate cuts and RRR cuts are common monetary policy tools of the central bank. The former controls costs, while the latter increases or decreases supply. The difference between interest rate cuts and RRR cuts has basically been made clear above. One is to directly reduce the cost of capital, and the other is to reduce the cost by increasing supply.

The functions of the two have something in common, but they are not exactly the same, and the specific scenes are different. For example, the wave of 20 15 was mainly to cut interest rates, because the capital cost of the whole market was relatively high at that time, so the effect of cutting interest rates was better.