[Is the root cause of this round of A-share rise the Fed’s rate cut? Pan Xiangdong: It’s just a supporting role, and the decisive role lies in policy changes] Jinshi Data reported on October 8 that Yang Ling, the founding partner of Xingshi Investment, said today that some self-media currently believe that the Fed’s rate cut has led to a series of subsequent rises in A-shares, and the rate cut is a very important link. Pan Xiangdong, chief economist of Qilai Research Institute, said frankly that the Fed’s rate cut is just a supporting role, and the decisive role is still a change in Chinese policy. The market has reflected that after the Fed’s rate cut, the entire Asia-Pacific stock market A-shares have become more active, and policy changes and stimulus have played a decisive role. (Reprinted from: Jinshi Data)