According to Jinshi Data, Guosen Securities released a research report saying that in the past three rounds of interest rate cuts, the A-share advantage industries shifted from financial infrastructure to TMT and pharmaceuticals, reflecting the switch of high-growth sectors.
In this round of interest rate cuts, in the short term, we should focus on industries that are more sensitive to the downward trend in financing costs and U.S. Treasury bond interest rates; in the long term, we should focus on industries with stronger fundamental economic recovery logic and valuation catalysts.
Considering the fundamentals, discount models and funding factors, the industry that benefits the most during the interest rate cut cycle is the technology industry with high growth attributes and high prosperity.
