摩根士丹利：人民币资产升值空间进一步打开 非常有利于A股市场的演绎

Group 1 - The core viewpoint is that the current A-share market is driven by liquidity, which is improving due to the continuous repair of investors' pessimistic expectations regarding Chinese assets [1] - Last week, the RMB exchange rate showed significant appreciation, supported by the rising expectations of a Federal Reserve interest rate cut, which provides a favorable condition for RMB appreciation [1] - In this context, the appreciation potential of RMB assets is further opened up, which is very beneficial for the performance of the A-share market [1]