美联储降息引爆A股！北上资金单日狂买177亿，外资抄底人民币资产

Group 1 - The core focus of the article is the impact of the Federal Reserve's interest rate cut on the A-share market, highlighting the optimism of international investment banks towards core RMB assets and the continuous inflow of northbound capital [1][2]. - Following the Federal Reserve's announcement on September 17, 2023, there is a strong expectation that further rate cuts may occur in October and December 2025, indicating a prolonged trend of global liquidity easing [2][4]. - The offshore RMB to USD exchange rate reached a new high since 2025 on the day of the rate cut, with 1 USD exchanging for 7.1 RMB, marking the largest appreciation of the RMB against the USD this year [3]. Group 2 - If the Federal Reserve proceeds with another rate cut in Q4 2025, the appreciation trend of the RMB against the USD is likely to continue, which could lead to a shift in global capital preferences from USD assets to RMB assets [4][5]. - The combination of these factors is expected to support the A-share market, with international investment banks like Goldman Sachs and Morgan Stanley expressing positive outlooks on RMB core assets in A-shares based on the analysis of the Federal Reserve's policies and capital flows [5][11]. - Data from September 24 indicates significant net inflows from foreign capital into A-shares, with the MSCI China Index seeing a net inflow of 17.7 billion RMB, and the FTSE Russell China Index and S&P China Index also showing substantial inflows [8][9]. Group 3 - The continuous inflow of northbound capital serves as a market-level confirmation of the positive trends driven by the Federal Reserve's rate cuts, RMB appreciation, and the favorable outlook from international investment banks [11]. - Monitoring macro policy changes and capital flows can help investors better understand current market dynamics and seize investment opportunities [11].