深夜，中国资产大涨！

Market Overview - Chinese concept stocks are showing strength, with the Nasdaq China Golden Dragon Index rising by 0.91% [1][3] - Major U.S. stock indices opened lower but showed slight fluctuations, with the Dow Jones up by 0.01%, S&P 500 down by 0.04%, and Nasdaq down by 0.10% [2][3] Economic Indicators - The market anticipates a 25 basis point rate cut by the Federal Reserve in September, with a 92% probability according to interest rate swap traders [4] - July's U.S. CPI rose by 2.7% year-on-year, matching the previous month's figure, while the core CPI increased by 3.1% year-on-year [5] - The Producer Price Index (PPI) for July saw a significant month-on-month increase of 0.9%, the largest since June 2022, with a year-on-year increase of 3.3% [5] Stock Performance - Major tech stocks showed mixed results, with Nvidia, Apple, Google A, and Tesla slightly up, while Meta Platforms and Intel saw declines of over 3% [6] - Chinese stocks listed in the U.S. experienced broad gains, with notable increases in companies like iQIYI (up over 18%) and Xunlei (up nearly 18%) [6] A-Share Market Dynamics - The A-share market saw a significant surge, with the Shanghai Composite Index reaching a nearly 10-year high and total A-share market capitalization surpassing 100 trillion yuan for the first time [6] - The total trading volume in A-shares exceeded 2.8 trillion yuan, marking a record high for the year [6] Financial Trends - The People's Bank of China reported a decrease in household deposits by 1.11 trillion yuan in July, indicating a shift of funds into the market [7] - Non-bank deposits increased by 2.1 trillion yuan, suggesting a potential influx of capital into the stock market [7] Foreign Investment Insights - There is a growing interest from foreign investors in Chinese assets, with expectations for stable and sustainable growth in the allocation of RMB assets [8] - Goldman Sachs raised its 12-month target for the MSCI Asia Pacific Index by 3% to 700 points, maintaining an "overweight" stance on Chinese stocks [8]