美联储9月重启降息概率较高，关注港股科技

Group 1 - The Federal Reserve began its current rate-cutting cycle in September 2024, with three rate cuts planned for that year, but no cuts have occurred since 2025 due to various uncertainties [1] - Recent U.S. inflation pressures are low, and employment is weakening, leading to dovish signals from Fed Chair Powell at the Jackson Hole meeting, which has increased market expectations for rate cuts [1] - As of September 13, market expectations for a rate cut in September exceeded 90%, with probabilities for cuts in October and December also above 70% [1] Group 2 - Rate cuts by the Federal Reserve typically lead to a global reallocation of funds, potentially benefiting Chinese assets, especially in the context of a restructuring global monetary system [2] - The combination of U.S. dollar depreciation and a reversal of innovative narratives may drive the current market trends, with a new monetary order favoring RMB assets [2] - In the context of RMB appreciation and strengthened expectations for Fed rate cuts, there is optimism for a "catch-up" rally in Hong Kong stocks, particularly in the technology and internet sectors that focus on AI core assets [2] Group 3 - Relevant Hong Kong stock technology ETFs include the Hong Kong Stock Connect Technology ETF (159101), the Hang Seng Technology Index ETF (513180), and the Hang Seng Internet ETF (513330) [3]