Group 1 - The core viewpoint of the article highlights the unprecedented global monetary easing led by major central banks, particularly the Federal Reserve and the European Central Bank, with a focus on their differing approaches to interest rate adjustments [1][5] Group 2 - The Federal Reserve has initiated a new round of interest rate cuts since September 2024, with a total reduction of 100 basis points over the past year, reflecting a clear and determined easing stance [2] - The European Central Bank has implemented eight interest rate cuts within a year, reducing the policy rate from 4.50% to 2.15%, but has recently opted to maintain rates as the economy shows signs of stabilization [3][6] - The People's Bank of China has adopted a more cautious and targeted approach to monetary policy, releasing liquidity gradually to avoid excessive flooding of the market, with over 1 trillion RMB net injection through various tools from May to June 2024 [4] Group 3 - Central banks are navigating different monetary policies based on domestic economic conditions, influenced by factors such as inflation pressures, economic growth, and government debt levels [5][7] - The U.S. labor market is showing signs of cooling, prompting the Federal Reserve to consider further rate cuts, while the European Central Bank has paused cuts due to improved economic indicators [6][7] Group 4 - In a low interest rate environment, certain assets are highlighted as attractive for investors, including U.S. dollar money market funds, short to medium-term U.S. Treasury bonds, and Hong Kong stocks, which are expected to draw more foreign capital due to their valuation advantages and growth potential [8]