\u00c7in Merkez Bankas\u0131 (PBOC), \u00c7ar\u015famba g\u00fcn\u00fc Kredi Ana Faiz Oranlar\u0131n\u0131 (Loan Prime Rate – LPR) de\u011fi\u015ftirmedi. Bir y\u0131ll\u0131k LPR %3,00\u2019te, be\u015f y\u0131ll\u0131k LPR ise %3,50\u2019de kald\u0131.<\/p>\n
Yaz\u0131m s\u0131ras\u0131nda AUD\/USD paritesi g\u00fcn i\u00e7inde %0,14 d\u00fc\u015f\u00fc\u015fle 0,7097 seviyesindeydi. <\/p>\n
PBOC\u2019nin resm\u00ee hedefleri fiyat istikrar\u0131 (kur istikrar\u0131 dahil) ve ekonomik b\u00fcy\u00fcmedir. Ayr\u0131ca finansal piyasay\u0131 a\u00e7ma ve geli\u015ftirme gibi finansal d\u00f6n\u00fc\u015f\u00fcm \u00e7al\u0131\u015fmalar\u0131nda da rol al\u0131r.<\/p>\n
PBOC, \u00c7in Halk Cumhuriyeti devletine aittir ve ba\u011f\u0131ms\u0131z de\u011fildir. \u00c7in Kom\u00fcnist Partisi Komitesi Sekreteri bankan\u0131n y\u00f6n\u00fc \u00fczerinde g\u00fc\u00e7l\u00fc etkiye sahiptir; Pan Gongsheng hem bu g\u00f6revi hem de ba\u015fkanl\u0131k g\u00f6revini y\u00fcr\u00fct\u00fcr.<\/p>\n
PBOC\u2019nin kulland\u0131\u011f\u0131 ara\u00e7lar aras\u0131nda yedi g\u00fcnl\u00fck ters repo faizi (bankalara k\u0131sa vadeli likidite sa\u011flama\/geri \u00e7ekme i\u015flemlerinde uygulanan faiz), Orta Vadeli Kredi \u0130mk\u00e2n\u0131 (Medium-term Lending Facility – bankalara daha uzun vadeli fonlama kanal\u0131), d\u00f6viz piyasas\u0131na m\u00fcdahale ve Zorunlu Kar\u015f\u0131l\u0131k Oran\u0131 (Reserve Requirement Ratio – RRR, bankalar\u0131n mevduat\u0131n bir k\u0131sm\u0131n\u0131 merkez bankas\u0131nda tutma zorunlulu\u011fu) yer al\u0131r. LPR, \u00c7in\u2019de kredi ve konut kredisi (mortgage) faizleri ile mevduat faizlerini etkileyen temel g\u00f6sterge faizdir; ayr\u0131ca Renminbi (yuan) kurunu da etkileyebilir.<\/p>\n
\u00c7in\u2019de WeBank ve MYbank dahil 19 \u00f6zel banka bulunur. 2014\u2019te \u00c7in, \u00f6zel sermaye ile tamamen finanse edilen yerli kredi kurulu\u015flar\u0131n\u0131n, devlet a\u011f\u0131rl\u0131kl\u0131 finans sisteminde faaliyet g\u00f6stermesine izin verdi.<\/p>\n
PBOC\u2019nin temel kredi faizlerini sabit tutmas\u0131, temkinli bir bekle-g\u00f6r yakla\u015f\u0131m\u0131na i\u015faret ediyor. Karar, k\u0131r\u0131lgan toparlanmay\u0131 destekleme ile yuan\u0131n daha fazla de\u011fer kaybetmesini \u00f6nleme aras\u0131nda zor bir dengeyi yans\u0131t\u0131yor. T\u00fcrev piyasas\u0131 (vadeli i\u015flem ve opsiyon gibi \u00fcr\u00fcnler) yat\u0131r\u0131mc\u0131lar\u0131 i\u00e7in bu, USD\/CNH gibi yuan ba\u011flant\u0131l\u0131 d\u00f6viz \u00e7iftlerinde \u201cima edilen oynakl\u0131\u011f\u0131n\u201d (opsiyon fiyatlar\u0131ndan hesaplanan beklenen dalgalanma) k\u0131sa vadede d\u00fc\u015f\u00fck kalabilece\u011fi anlam\u0131na gelebilir.<\/p>\n
Bu haberle Avustralya dolar\u0131n\u0131n 0,7097\u2019ye gerilemesi, paran\u0131n \u00c7in\u2019e ili\u015fkin alg\u0131ya duyarl\u0131l\u0131\u011f\u0131n\u0131 g\u00f6steriyor. \u00c7in\u2019in 2026 1. \u00e7eyrek GSYH b\u00fcy\u00fcmesi hedefin biraz alt\u0131nda %4,8 gelirken, Nisan imalat PMI verisi (sat\u0131n alma y\u00f6neticileri endeksi; 50\u2019nin \u00fczeri b\u00fcy\u00fcmeye i\u015faret eder) 50,1 ile s\u0131n\u0131rl\u0131 bir geni\u015flemeye i\u015faret etti. Piyasa, talebi art\u0131racak yeni bir destek paketi g\u00f6rm\u00fcyor. Bu durum, opsiyon yat\u0131r\u0131mc\u0131lar\u0131n\u0131n emtia ba\u011flant\u0131l\u0131 para birimlerindeki olas\u0131 ek zay\u0131flamaya kar\u015f\u0131 korunma ama\u00e7l\u0131 stratejilere y\u00f6nelebilece\u011fi g\u00f6r\u00fc\u015f\u00fcn\u00fc g\u00fc\u00e7lendiriyor.<\/p>\n
\u0130leride, yeni konut sat\u0131\u015flar\u0131n\u0131n y\u0131ll\u0131k bazda yakla\u015f\u0131k %15 d\u00fc\u015f\u00fc\u015fte oldu\u011fu gayrimenkul sekt\u00f6r\u00fcn\u00fc yak\u0131ndan izliyoruz. LPR bu kez sabit tutulsa da, PBOC\u2019nin piyasaya likidite vermek (nakit ve fonlama ak\u0131\u015f\u0131n\u0131 art\u0131rmak) i\u00e7in Zorunlu Kar\u015f\u0131l\u0131k Oran\u0131\u2019nda indirim gibi ba\u015fka ara\u00e7lara y\u00f6nelmesi m\u00fcmk\u00fcn. B\u00f6yle bir ad\u0131m, \u00c7in faizlerine ve hisselerine ba\u011fl\u0131 enstr\u00fcmanlarda i\u015flem f\u0131rsatlar\u0131 yaratabilir.<\/p>\n
Canl\u0131 VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" \u00c7in Merkez Bankas\u0131 LPR\u2019yi sabit tuttu: 1 y\u0131l %3,00, 5 y\u0131l %3,50. Bekle-g\u00f6r duru\u015fu yuan\u0131 korurken b\u00fcy\u00fcmeyi s\u0131n\u0131rl\u0131yor; AUD\/USD 0,7097\u2019ye geriledi, oynakl\u0131k d\u00fc\u015f\u00fck kalabilir.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-47048","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=47048"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47048\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}