Group 1 - The article discusses the impact of declining RMB interest rates post-2022, leading to a bull market in RMB bonds [2] - It highlights that lower interest rates significantly affect the stock market, particularly benefiting dividend-paying stocks and small-cap stocks [3] - The sensitivity of small-cap stocks to funding is emphasized, with historical examples showing their rise during periods of low interest rates, such as the A-share small-cap bull market from 2014 to 2015 [3] Group 2 - The article explains that the cash flow from bonds comes from interest payments, while stocks generate cash flow through dividends [4] - With the decline in long-term bond and deposit interest rates, institutional investors like insurance companies are reallocating funds to higher dividend assets to ensure stable cash flow [5] - It notes that from 2022 to 2024, the dividend strategy is expected to perform strongly due to increased allocations from institutions [5]
利率变化，如何影响债券、股票资产的涨跌？｜投资小知识
银行螺丝钉·2026-01-10 13:52