2015421_艾瑞咨询_降准了买股还是买债（7页）.pdf

降准了，买 股 还 是 买 债 2015年4 月20日 艾瑞资产研究中心 2015 4 20 1 4 20 1 2 0.5 GDP 7.0%10.6%2001 2 26.82 2521 1.04 1.4 艾瑞投资事件 点 评 2015.年4 月20日 Wind 2-20%0%20%40%60%80%100%120%14/4/21 14/6/21 14/8/21 14/10/21 14/12/21 15/2/21 300 A GDP 7.0%10.6%2001 2 26.82 2521 1.04 CPI 1.2%1.4 Wind 3 6.07.08.09.010.011.012.0Mar-04 Mar-06 Mar-08 Mar-10 Mar-12 Mar-142015 GDP%1012141618202224Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15%艾瑞投资事件 点 评 2015.年4 月20日 A 18 300 16.5 300 30%50%A A A A Wind Wind 4 26.82 0.05.010.015.020.025.030.035.0Jan-05 Jul-06 Jan-08 Jul-09 Jan-11 Jul-12 Jan-14 90.94 59.07 33.49 22.98 18.10 16.50 020406080 A A 300 A TTM 艾瑞投资事件 点 评 2015.年4 月20日 3 Wind Wind 5 2.03.04.05.06.07.0Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 7-20%-15%-10%-5%0%5%10%15%15/1/1 15/1/22 15/2/12 15/3/5 15/3/26 15/4/16 IPE LME 艾瑞投资事件 点 评 2015.年4 月20日 6“”Legal Statement This Report is prepared and provided by iResearch Investment Research Center of Shanghai iResearch Assets Management Co.,Ltd.(hereinafter,the“Company”).Any of reading and use of this Report shall be deemed as an unconditionally acceptance of any and all content contained herein.In no event shall the information or opinion contained or expressed herein constitute an investment opinion to anyone.In no event shall the Company be liable for any loss resulted from,or in connection with,the reliance on any content contained herein by any person.Information,opinions,and speculations contained herein are of judgment of the Company on the date of its issuance only.The Company may,from time to time,issue any report of which the information,opinions,and speculations are inconsistent with those contained herein.The Company makes no guarantee,expressed or implied,on the accuracy,reliance,or integrality of content contained herein.There are risks in market and investment shall be made with cautiousness.The information,materials,and conclusions contained herein are for reference by specific clients only and,in no event,shall constitute investment recommendations,without considering special investment objectives,financial standing,or needs of individual clients.This Report is of confidential and shall be communicated to specific clients only.Without written consent of the Company,no distribution hereof shall be made.No part hereof may be copied,duplicated,or reproduced in whatsoever form,or distributed to any other person,or otherwise used against the copyright of the Company.All trademarks,service marks,and marks contained herein are trademarks,service marks,and marks of the Company.艾瑞投资事件 点 评 2015.年4 月20日