Where did the funds go? Banks do not lack funds, lack of good projects

On October 16, the central bank said that the current liquidity of the banking system is at a relatively high level, which can absorb the impact of the central treasury cash management maturity and other factors, and will not carry out open market operations on that day. This is also the central bank's suspension of open market operations for 9 consecutive trading days. Since the beginning of October, the net repayment of funds has reached 160 billion yuan due to the reverse repurchase. However, on October 15, the central bank lowered its quota, and the medium-term loan facility (MLF) released on the day of replacement was about 750 billion yuan. A stock trader in Guangdong said that in fact, since July, monetary policy has been relaxed to a certain extent, and the market liquidity has been significantly eased. "From the three-month Shibor point of view, interest rates have fallen from…