没有选择的必选项~

Group 1 - The Federal Reserve announced a 25 basis point interest rate cut, marking the first rate cut for the dollar in 2025, although it was less than the anticipated 50 basis points [1] - Over the past year, the Federal Reserve has experienced extreme monetary policy fluctuations, initiating three rate cuts in 2024 totaling 100 basis points after a series of aggressive rate hikes totaling 525 basis points [3] - The interest rate decisions of the Federal Reserve have led to immediate actions from the Hong Kong Monetary Authority, which reduced its discount window rate by 25 basis points to 4.5% [5] Group 2 - The current domestic economic growth rate is approximately 5-6%, and the mortgage rates are aligned with this growth, indicating a potential stagnation in investment if rates do not decrease [6] - A necessary condition for meaningful investment is for the mortgage rates to be lower than the economic growth rate, which would restore the value of assets and drive investment [6][7] - The expectation is that interest rates in China will need to be lowered to support economic growth and prevent a potential economic crisis due to stagnation in investment [8]