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要解决企业“差钱”问题,就必须提高资金利用效率,让钱去到该去的地方。2013年12月19日,中国货币市场利率飙升至6月以来的高位,其中1天期的国债逆回购利率甚至一度达到16%,7天期逆回购利率最高至9.8%。这意味着短期资金严重供不应求,体现在实体经济,说明企业“太差钱”。企业“差钱”的状况已经延续了一段时间,尤其是2013年6月20日,银行间隔夜质押式回购成交利率最高达30%,7天质押式回购利率最高成交于28%。中国当时遭遇的流动性紧缺令世界各地投资者震惊,担心中国可能爆发金融危机。
To solve the business “poor money ” problem, we must improve the efficiency of capital utilization, let the money go to the place to go. On December 19, 2013, China’s money market soared to its highest level since June, with the 1-day reverse repurchase rate even reaching 16% and the 7-day reverse repurchase rate up to 9.8%. This means that the shortage of short-term funds in short supply, reflected in the real economy, that enterprises “bad money ”. Enterprise “Bad Money ” has been going on for some time. Especially on June 20, 2013, the interbank overnight pledge repo transaction rate is up to 30%, and the top-7 day pledged repo rate is trading at 28% . The liquidity squeeze China suffered at the time shocked investors around the world and feared the possible financial crisis in China.