黄金之后，又一个资产爆发的机会出现了！

Core Viewpoint - The article emphasizes the upcoming investment opportunities in the Hong Kong stock market (港股), particularly in light of the anticipated U.S. Federal Reserve interest rate cuts, which are expected to significantly impact global asset prices [3][10]. Group 1: Market Performance and Predictions - The article highlights the recent surge in gold prices, which rose from $3,448 to approximately $3,650 per ounce, marking a historical high [1]. - The A-share market (大A) has also experienced a significant rally, with the index climbing from 3,500 to nearly 3,900 points, creating substantial wealth effects [3]. - The article predicts that the Hong Kong stock market (港股) is undervalued compared to the A-share market, with the Hang Seng Index's average P/E ratio around 10 times, while the CSI 300 Index's P/E ratio is at 14 times [3]. Group 2: Currency and Capital Flow - The article discusses the recent strengthening of the RMB, which has appreciated from 7.24 to a low of 7.10 against the USD, indicating a robust currency position [4]. - This strength in the RMB is expected to attract international capital to RMB-denominated assets, particularly in the Hong Kong market, as it offers easier access for foreign investors compared to the A-share market [4]. Group 3: Impact of U.S. Federal Reserve Policies - The article notes that the U.S. Federal Reserve is predicted to cut interest rates three times this year, which could lead to a significant decline in the dollar index and create panic in dollar-denominated assets [5][9]. - Non-dollar assets, including commodities and capital markets in non-U.S. countries, are expected to benefit from this environment, with the Hong Kong market likely to see substantial price increases [6][9]. - The technical analysis suggests that if the Hang Seng Technology Index breaks through the 6,100 level, it could aim for the next resistance level of 11,000, indicating a strong upward potential [8][9]. Group 4: Investment Strategy and Recommendations - The article advises investors to prepare for a significant reshuffling of asset prices following the anticipated interest rate cuts, suggesting that early positioning in favorable assets could yield substantial returns [10][11]. - It emphasizes the importance of selecting undervalued assets with strong growth potential, particularly in the context of the upcoming changes in monetary policy [11].