Southern Finance 南方财经全媒体’s Post

Terrence Kan, Director of Client Portfolio Strategy at Fidelity International, said that the Federal Reserve's ongoing interest rate reduction cycle will positively influence the stock and bond markets. He noted that the stock markets in Mainland China and Hong Kong present long-term investment opportunities. However, he stressed that the implementation of policies introduced earlier this year in Mainland China requires enhancement, as structural challenges, particularly in the real estate sector, have diminished investor confidence. A substantial recovery in the stock market will arise only when these structural challenges are adequately resolved. On September 19, the Fed announced a 50 basis point reduction in the target range for the federal funds rate, lowering it to between 4.75% and 5.00%. On the same day, the Hong Kong Monetary Authority announced that it would also cut the base rate by 50 basis points to 5.25%, effective immediately. Roger Lau, Head of Pensions & Retirement at Schroders pointed out that the eMPF Platform, which assists Mandatory Provident Fund (MPF) scheme members in managing their retirement assets, will provide convenience for investors in making investment choices. Notably, the platform's integration of artificial intelligence technology will facilitate asset analysis for investors, enabling personalized investment recommendations and product suggestions. Freddy Wong, Head of Asia Pacific - Invesco Fixed Income at Invesco Ltd. emphasized that MPF scheme members should actively seize the opportunities presented by the current interest rate cut cycle. Read:https://lnkd.in/eQErNp8z

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