[The financial sector shows its ability to "attract gold" during the market adjustment period, and the expectation of RMB appreciation affects the banking industry in many ways] According to Golden Ten Data on September 20, the Federal Reserve cut interest rates by 50 basis points. This is the first time the Federal Reserve has cut interest rates in four years. The financial industry has once again attracted attention. The banking sector is the absolute main focus of A-shares this year. After the news of the Federal Reserve's interest rate cut, the market's attention to banks has also increased again. Chen Xingwen, chief strategy officer of Kurosaki Capital, told reporters that if the RMB enters the appreciation channel, it will have multiple impacts on China's banking industry. First, appreciation can increase the value of foreign currency assets held by banks, thereby increasing the bank's asset size and potential profits. Second, RMB appreciation may increase foreign investors' interest in Chinese assets, including bank stocks, which may increase demand and prices for bank stocks. In addition, appreciation may also reduce import costs and increase domestic purchasing power, which may increase bank loan demand. He predicts that there may be US$400-500 billion of overseas funds that can flow back to the Chinese market, which will have a significant impetus for the appreciation of the renminbi, thereby promoting the continued rise of Chinese bank stocks. (21 Finance) (Reprinted from: Jinshi Data)