Tonight, the US stock market performed flatly, while Chinese assets saw gains in both stocks and currency!

In terms of news, the Conference Board's Consumer Confidence Index for September was announced.

The US consumer confidence index unexpectedly declined in September, marking the largest drop in three years due to concerns about the labor market and the overall economic outlook.

Data released on Tuesday showed that the confidence index fell by 6.9 points to 98.7, the largest drop since August 2021.

The data was below all economists' expectations.

Dana Peterson, Chief Economist at the Conference Board, said in a statement: "The decline in September was the largest since August 2021, with all five components of the index deteriorating.

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Consumers' assessments of current business conditions turned negative, and their views on current labor market conditions further weakened.

Consumers are more pessimistic about future labor market conditions and less optimistic about future business conditions and income prospects."

In terms of Chinese assets, the NASDAQ Golden Dragon Index soared by over 7%, Tencent Music rose by about 15%, JD.com rose by more than 10%, and Alibaba rose by over 7%.

The FTSE China A50 rose by over 2%.

Hang Seng Index futures night session surged by 2.4%!

The offshore RMB exchange rate rose by more than 400 points during the day, breaking through the 7.02 threshold.

The gains of Chinese asset ETFs in the US stock market expanded, with the FTSE China 3x Long ETF rising by over 20%, and the CSI 300 Index 2x Long rising by nearly 15%!

Behind the surge in Chinese assets, Taylor provided a video interpretation.

China Merchants Securities analysis, the capital market support policies announced at this press conference significantly exceeded market expectations, especially with significant "real money" support for the capital market.

It is expected to reverse three confidences: 1) Reversing confidence in policy; 2) Reversing confidence in incremental capital in the stock market; 3) Reversing pessimistic expectations for the capital market.

As the valuation of stocks in this area is relatively low, corporate earnings are still relatively stable.

Therefore, after this policy exceeded expectations, it is judged that the February low and September low of the main A-share indices constitute the "double bottom" of this round of market adjustment, and the mid-term bottom is basically established, and the probability of the main indices making new lows is low.

Dongwu Securities commented that the recent low point of the Hong Kong and A-share indices has passed.

Since September, the turnover of Hong Kong stocks has warmed up significantly, and stock prices have rebounded.

From late August to mid-September, many characteristics of A-shares also indicated that the market has been at the bottom range, such as a decline in trading activity and a catch-up fall in strong stocks.

At present, as the Fed's interest rate cut has landed, and under the financial policy combination, the market's risk appetite has been significantly repaired, and Hong Kong and A-shares will gradually pass through the bottom area.

In addition, on the evening of the 24th, the China Securities Regulatory Commission continued to release positive news, issuing two important documents in succession, including "Opinions on Deepening the Reform of the Mergers and Acquisitions and Restructuring Market of Listed Companies" and "Guidance for Listed Companies No.

10 - Market Value Management (Draft for Comments)".

"Opinions on Deepening the Reform of the Mergers and Acquisitions and Restructuring Market of Listed Companies" supports listed companies to upgrade and transform towards new quality productive forces, and encourages listed companies to strengthen industrial integration.

The core points are as follows: Implement a "green channel" for the mergers and acquisitions and restructuring of technology enterprises that break through key core technologies, and accelerate the review process; Support listed securities companies to enhance core competitiveness through mergers and acquisitions and restructuring, and accelerate the construction of first-class investment banks; Actively support listed companies to carry out mergers and acquisitions and restructuring around strategic emerging industries, future industries, etc.

; Encourage and guide leading listed companies to focus on their main business and increase the integration of listed companies in the industrial chain; Adapt to the laws of industrial development, appropriately increase tolerance for homogenization and related transactions formed by mergers and acquisitions and restructuring; Strictly regulate "deceptive" restructuring, and crack down on various illegal "shell preservation" behaviors.

"Guidance for Listed Companies No.

10 - Market Value Management (Draft for Comments)" requires listed companies to improve the quality of listed companies as the foundation, improve operational efficiency and profitability, and combine actual situations to use mergers and acquisitions, equity incentives, cash dividends, investor relations management, information disclosure, share buybacks, and other methods legally and in compliance to promote the enhancement of the investment value of listed companies.

The core points are as follows: Market value management refers to the strategic management actions implemented by listed companies to improve the quality of listed companies and enhance the ability and level of investor returns; Long-term net-breaking companies should disclose valuation enhancement plans, including goals, deadlines, and specific measures, and make special explanations on the implementation of the valuation enhancement plan at the annual performance explanation meeting; Companies with major index components should clarify countermeasures when the stock price falls continuously or significantly in the short term; The board of directors should pay attention to the improvement of the quality of listed companies, fully consider the interests and returns of investors in various major decisions and specific work; Encourage the board of directors to formulate and disclose medium and long-term dividend plans, increase the frequency of dividends, optimize the dividend rhythm, reasonably increase the dividend rate, and enhance the sense of gain for investors; Listed companies must not manipulate the information disclosure of listed companies in market value management, and make predictions or promises about securities prices, etc.

Finally, please continue to soar on Wednesday's A-shares!