Capital inflow: including the national team and guerrillas, retail investors, the national team mainly includes securities institutions, social security funds, large listed companies, guerrillas, mainly hot money, QIFF, not to mention retail investors.
If the central bank raises interest rates, local banks need to increase their reserves, resulting in a shortage of funds and the possibility of drawing blood from the stock market. There is also reverse repurchase.
4. Banks are big households. If banks are short of funds, their liquidity is all a lie.