Reduce the domestic foreign exchange account and change the asset structure of the central bank to alleviate the excess liquidity of domestic currency, which will lead to the inflation of stock market and real estate prices; At the same time, foreign exchange assets can maintain and increase their value.

There is no impact, even if there is, it is very small; Because the current bull market is supported by the performance of its listed companies, in fact, ordinary people have the expectation of investing in the capital market and real estate preservation and appreciation under negative interest rates; On the other hand, the central bank's recovery of money is mainly aimed at banks, because most of the savings are in the hands of enterprises and some institutions, who are the initiators of the bull market at this stage.