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Broad-based ETFs Benefit from Resilient Chinese Fundamentals and Rising Risk Appetite

GUANGZHOU, China, Sept. 23, 2024 /PRNewswire/ -- On September 18th, the Fed lowered its benchmark policy rate by 50 basis points, bringing it down to a range of 4.75% to 5%. This move in US interest rates could boost international investors' risk appetite for Asian stocks. Meanwhile, the fundamentals of the Chinese economy remained resilient. According to China Association for Public Companies, more than 5,300 A-share listed companies have released semi-annual reports for 2024, as of August 31st. Among them, over 3,000 companies saw a year-on-year increase in revenue and over 4,100 firms reported positive net profit, accounting for 78%.

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