Sou Hu Cai Jing·2025-08-19 03:39Group 1 - The current macroeconomic focus is on the dual driving effects of the Trump administration's foreign and monetary policy expectations, which have significantly alleviated geopolitical risk premiums and supported global risk assets [1] - The market anticipates a strong likelihood of a Federal Reserve rate cut in September, while the People's Bank of China has committed to maintaining a moderately accommodative monetary policy stance, contributing to a near ten-year high in the Shanghai Composite Index [1] - The optimism regarding the improvement in Sino-U.S. relations is reflected in the stability of U.S. stocks, indicating market confidence in a shift in Federal Reserve policy [1] Group 2 - On Monday, the Hong Kong Stock Connect recorded a net inflow of HKD 1.38 billion, with China Life (02628.HK) receiving the largest net inflow of HKD 670 million, followed by Alibaba (09988.HK) [1] - Conversely, the Tracker Fund of Hong Kong (02800.HK) experienced the largest net outflow of HKD 6.41 billion, with the Hang Seng China Enterprises Index ETF (02828.HK) following closely [1]