This year, it is impossible to cut interest rates only twice | Zeng Yuancang
Investors are overly conservative in their expectations for interest rate cuts in 2026, anticipating only two cuts this year. Despite a rate cut in the last quarter of last year, the stock market performed poorly, with the Hang Seng Index falling by 6.4%. Rate cuts may not necessarily drive stock prices up, and many investors have not set stop-loss lines due to the slow decline in stock prices. The central government hopes to drive economic growth by supporting consumption, but lacks specific measures. Monopolistic companies like CATL have seen their stock prices rebound after adjustments, and utility stocks began to rise before the rate cuts
