[Just now, the A-share market rebounded across the board] Jinshi Data reported on September 19 that after the Federal Reserve cut interest rates by 50 basis points, the A-share market rose across the board. Data shows that the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all rebounded sharply, and the number of A-share stocks that rose was nearly 5,000. Luo Zhiheng, chief economist and dean of the research institute of Yuekai Securities, said that the Fed's interest rate cut has opened up operating space for domestic monetary policy. From the external environment, the Fed's interest rate cut is expected to reduce the constraints on further reserve requirement ratio and interest rate cuts in China. From the internal environment, the main contradiction in the current economy is the imbalance between supply and demand caused by insufficient domestic effective demand. It is recommended that macroeconomic policies should continue to work hard and be more powerful to boost residents' consumption and corporate investment demand. The Fed's opening of a rate cut cycle is conducive to hedging the risks of a global economic downturn, supporting the continued resilience of China's exports, and is also favorable to the domestic stock market, bond market and RMB exchange rate. (China Securities Taurus) (Reprinted from: Jinshi Data)