这个周末的消息面，喜大普奔。 A股已经突破3800点，创下十年新高。 更重要的是，在政策市特点突出的A股，美联储降息后，国内不论是货币政策的宽松空间还是财政政策的刺激空间，都将进一步打开。 全球瞩目的美联储降息，也迎来更明显的信号。 当地时间22日，美联储主席鲍威尔在杰克逊霍尔全球央行年会上暗示，美联储可能降息。 面对久违的"鸽派"信号，美股的表现也是相当的哇噻，道指大涨1.89%，创下历史新高，纳指大涨1.88%，标普500指数大涨1.52%。 国内也是好消息一片，对于A股来说，剑指4000点，动力十足！ 1.美联储降息带来行情驱动力 其实对于美联储降息的事情，不仅频繁跟美联储开撕的特朗普急，A股的股民们同样急。 资本永不眠，总是追求收益率更高的去处。 这些年，美联储操作的一波加息，虹吸全世界美元资本回流，让包括中国在内的全球其他国家承受了巨大压力，只能眼睁睁看着美股没有最高只有更高，留 下羡慕嫉妒恨的感慨。 美联储降息，客观上将减轻各国资本外流的压力，也驱动资金流向其他收益率更高的投资标的，这就会让一部分资金流向中国等新兴市场，当然也包括股 市，从而驱动A股行情上升。 政策面将可以创造更加良好的发展预期， ...

Group 1: Securities Company Classification Regulation - The China Securities Regulatory Commission (CSRC) has revised the classification regulation for securities companies to enhance the effectiveness of regulatory oversight [1] - The classification system serves as a foundational regulatory framework, allowing for differentiated supervision based on the classification results, impacting risk control indicators, capital preparation ratios, and inspection frequencies [1] - The revision emphasizes the importance of differentiated management for securities firms, potentially benefiting high-quality firms while increasing pressure on poorly performing ones [1] Group 2: Explosive Growth of Sci-Tech Bonds - There has been an explosive growth in the issuance of sci-tech bonds by securities firms, with 30 firms completing issuance or approval since May 7, totaling over 100 billion yuan [2] - This surge is driven by policy support and the need for firms to adapt to transformation pressures, broadening the capital intermediary role of securities firms [2] - The competitive landscape is evolving with banks and venture capital actively participating, which may enhance the efficiency and service capabilities of securities firms [2] Group 3: Floating Rate Funds - A total of 13 floating rate funds have been established, raising over 12.6 billion yuan, indicating increased market interest in innovative fund products [3] - The establishment of these funds is expected to enhance the business expansion potential of the involved fund companies [3] - The introduction of new funds may inject vitality into the market by increasing capital supply [3] Group 4: Public REITs Market Expansion - The public REITs market is expanding with new approvals, including entries from smaller institutions, indicating intensified competition in this sector [4] - Currently, there are 68 public REITs with a total fundraising scale of 177 billion yuan, managed by 24 public institutions [4] - The diversification of participants in the REITs market reflects a dynamic balance in competition and offers investors more asset allocation options [4]