????:1???????????:??????

2????K???

3???????

4??????

5?????24????

???????????????12????????????????18????????????????????,????,?????????????????????,??????????????????3876????,??7??,??1.50%??????????,????????????????786????????,??,????3090????????????

????

????,????,???????,?????????12???16?????????????,????????(MLF)???????????????????????,??????????????,?????????????????????????????7531?????????,?12????????????????17???????????3554?,????????????7??,????????????

???,??,??,??????????MLF??????????,??????????,????,???????????“???”??????????????????????

??????,???????????????????,???????????MLF???????????????,???????????????“?????????”??????????????????;?????????????DR007(??7?????????????????)???,????????,?????

??,???????,??????MLF???????MLF???,??????????????????????,??????????????????????

??,?????????????????????????,?????,???????????,?????????????????????,????????,????????????,????

?????????,12??18??,?Shibor(?????)?0.3?????1.428%,7???????????1.1??????1.776%,14????10.2?1.994%?

“??,????????,??????????????????”?????

??????????????????????????

?????????????????,?????????????????,?????????????,?????????????????????,????????????,?,??????????????????????????

12?????,?????????????????,????,???????,???????,???????????????0.250.5??,???????????5000??1??,?????????????????

??,??????????,??????????????????????MLF???????????,????????????????????,??????????????9???????,?????????????????,?????????

“?????????????????????,??????????,?????????????????,?????????????????????,??????????????????,????,???????????????????”????????????

??????????,12????????????????“???????????????”???????“???”,????????????14????,??????????????????????????,???????????“????????????”,??,????,???????????“????????????”??,???????

???? ????????? ??:????