Playing outside and saw the central bank's big move at night, thumbs up.

A simple interpretation.

1. Senior officials should have reached a consensus on the current economic contraction.

2. The short-term cycle of the real estate market cannot be reversed.

3. It has been confirmed that the stock market will be used to drive up asset prices to counter the contraction.

4. The national team has acquired a large amount of bottom chips.

5. Boosting the stock market benefits the economy, so despite increased liquidity, the RMB exchange rate continues to rise. This shows that liquidity injection does not necessarily lead to a decline in the exchange rate, which ultimately depends on economic development.

Driving up the stock market to boost asset prices is very beneficial for long-term economic development.

In addition, lowering the interest rates on existing loans is equivalent to giving residents tens of billions in benefits annually, which also benefits the economy.

Conclusion: Whether for the economy or the capital market, the most painful period should be over. Look at Hong Kong stocks—the price of Chinese assets has fallen to unbelievable levels, and there should be a valuation recovery next.