经济观察网 记者 陈旭实习生 彭淑明 Economic observation network reporter ChenXu interns PengShuMing

　　央行7月5日晚发布公告，于7月6日起下调金融机构人民币存贷款基准率。

The central bank on July 5, night by way of a public announcement，On July 6, cut up financial institutions RMB the benchmark rate。

　　今日，沪深两市早盘小幅高开，截至上午10时，房地产板块领涨两市，上海新梅(600732,股吧)（600732）、大名城(600094,股吧)（600094）、合肥城建(002208,股吧)（002208）涨停；沪深两市A股涨幅前十中，有七只为地产股。

today，Shenzhen two earlier in the session open a small high，By 10 am，The housing sector brought up two city，Shanghai new may(600732,Shares it)（600732）、Big city(600094,Shares it)（600094）、Hefei city building(002208,Shares it)（002208）harden；Shenzhen two city A shares rose ShiZhong before，There are seven property counters were only。

　　沪市早盘高开低走，午后回升；深市一路震荡上扬。截至今日收盘，上证指数报收2223.58点，上涨22.23点，涨幅为1.01%；深成指数报收9690.16点，上涨277.52点，涨幅达2.95%。两市今日共成交1469.7亿元，相比昨日上涨了31.7%。

Shanghai earlier highs，Afternoon picks up；Shenzhen exchanges concussion up all the way。By closed up today，The Shanghai index at 2223.58 points，Rose 22.23 points，1.01% increase；Shenzhen composition index number at 9690.16 points，Rose 277.52 points，Up 2.95%。Two city of 146.97 billion yuan today clinch a deal，Compared with rose 31.7% yesterday。

　　盘面上看，酿酒行业、医药行业、有色金属等板块涨幅居前。截至收盘，两市共有15只股票涨停，其中4只为地产股，5只为医药股。

Disk on the，Liquor-making industry、Pharmaceutical industry、Non-ferrous metals sector or the first。By the closing，Two city there are 15 stock harden，Four property counters were only，5 for pharmaceutical stocks。

　　5日晚间，央行决定将金融机构一年期人民币存款准率下调0.25个百分点，一年期贷款基准利率下调0.31个百分点，其他各档次存贷款基准利率及个人住房公积金存贷款利率相应调整。此次非对称降息对存款利率下调幅度更小，而金融机构贷款利率浮动区间的下限调整为基准利率的0.7倍。距离上次6月8日的降息不到一个月，这是央行近年来第二次降息。受此影响，今日银行板块整体下跌。

5 day evening，Central bank decided to financial institutions one-year RMB deposit rate cut 0.25% accurate，The benchmark one-year lending rate by 0.31%，Other each class the benchmark interest rates and individual housing accumulation fund loan rate adjusted accordingly。The asymmetric cut interest rates more small declines，Financial institutions and the range of floating rate loans adjusted for the lower limit of benchmark interest rate of 0.7。The last time from June 8 to cut interest rates of less than a month，This is the central bank cut interest rates for the second time in recent years。Affected by this，Today the bank plate overall decline。

　　国信证券表示，央行再度放“水”，加仓地产股的新催化剂出现，板块会“水”涨船高；降息对购房者的供楼负担影响有限，但是降息降低了融资成本，可能会进一步提振购房需求。

Expressed securities said，The central bank put again“water”，Scaling out new catalyst property counters were to appear，Boards will“water”High up the ship；To the person that buy a house for building the rate cut burden limited influence，But reduce the cost of financing to cut interest rates，May further boosted the pent-up demand。

　　公告显示，此次降息对个人住房贷款利率浮动区间不作调整，同时央行要求金融机构要继续严格执行差别化的各项住房信贷政策，希望能继续抑制投机投资性购房。

announcement，The rate cuts to individual housing loan interest rate floating interval is not made adjust，At the same time the central bank financial institutions are required to continue to strictly carry out the policy of differentiation housing credit，Hope can continue to restrain speculative investment the house。

　　安信证券则认为，目前的宏观环境对地产股有利。如果降息等政策逐渐引导市场利率下行并对经济产生刺激作用，经济在未来某个时候开始触底回升，届时地产股将逐渐失去相对优势；但他们也担心市场利率未能如期下降，购房需求回升低于预期；通胀意外上行，宏观政策转向紧缩。

Anxi securities is considered，The macro environment on property counters were favorable。If the cut is gradually lead the market interest rates on policies for economic and descending has the stimulation，Economy at a future time to start a touch on the back，Then with property will gradually lose the relative superiority；But they also worry that the market interest rates to fall as scheduled，The pent-up demand picks up below expectations；Inflation accident uplink，Macro policy to tighten。