The dovish signal released by the Federal Reserve ignited the market for the second consecutive day, and Chinese assets experienced a collective surge.Overnight, the onshore renminbi rose more than 1% and broke through 7.10 at one point. At the close, the onshore renminbi against the US dollar in the night session was reported at 7.1099, a sharp increase of 601 points compared to the previous trading day, reaching a new high in six months.Offshore renminbi approached 7.11 and rose 111 points at the close, also hitting a new high in six months.FTSE A50 futures continued to rise by 0.74% in the night session, reaching 11,198.000 points.Chinese concept stocks outperformed the US stock market, with the Nasdaq Golden Dragon China Index rising more than 2% in early trading, continuing to hit a high since December 1st. The closing gain fell to nearly 1.2%, marking the fourth consecutive day of gains.In terms of individual stocks, Bitcoin mining giant Canaan Technology rose nearly 32%, Gaotu Education rose more than 29%, NIO and TAL Education rose more than 5%, JD.com and JA Solar rose more than 3%, Daqo New Energy rose 3%, Li Auto rose more than 2%, Alibaba and XPeng rose more than 1%, Tencent rose 0.8%, Baidu rose nearly 0.5%, and Pinduoduo remained flat.On Wednesday local time, as expected by the market, the Federal Reserve held three consecutive meetings without raising interest rates, indicating that economic activity has slowed down compared to the strong pace in the third quarter, and inflation has also slowed down in the past year. The Fed will consider the &#34;extent of any&#34; additional tightening needed, which is seen as a softening of the rate hike stance. The dot plot shows that more than half of the officials expect at least three rate cuts next year, and nearly 30% of officials expect at least four rate cuts.In addition, the overnight release of stronger-than-expected US retail sales in November and the conversion from negative to positive MoM growth, as well as the continued decline in initial jobless claims last week, have strengthened market expectations of a soft landing for the US economy.On behalf of Dolphin Research, I would like to express our gratitude for your continued support and interest in our work. We are thrilled to announce the release of our latest Analysis Report, which provides a comprehensive overview of the current market trends and developments in the industry.In this Earnings Report, we have analyzed the financial performance of various companies, including their MoM, YoY, and QoQ growth rates. We have also examined the impact of key factors such as market competition, consumer behavior, and regulatory changes on the overall performance of the industry.One of the highlights of this report is the in-depth analysis of Longbridge's recent achievements and future prospects. We have closely examined their strategic initiatives, product innovations, and market positioning, providing valuable insights for investors and industry professionals.Furthermore, we have included a special feature on the latest developments in the technology sector, with a focus on the advancements in artificial intelligence, blockchain, and cloud computing. This section aims to provide readers with a comprehensive understanding of the emerging trends and opportunities in this rapidly evolving field.We would like to express our sincere appreciation to our team of analysts and researchers for their dedication and hard work in producing this insightful report. Their expertise and commitment have been instrumental in ensuring the accuracy and reliability of the information presented.We hope that this report will serve as a valuable resource for your investment decisions and strategic planning. Should you have any questions or require further information, please do not hesitate to contact us.Thank you once again for your continued support, and we look forward to your feedback on this latest edition of the Analysis Report.Best regards,Dolphin Research

Onshore and offshore RMB both hit new highs in the second half of the year, with FTSE A50 futures closing up nearly 1% in the night session. Chinese concept stocks outperformed the US stock market, with the Nasdaq Golden Dragon China Index rising for four consecutive days. Jia Nan Technology saw a nearly 32% increase.

RMB, Chinese concept stocks, Chinese assets collectively explode!