Previously, the common belief was "if I don't hold Chinese assets, that means I'm losing money." After a long weekend, overseas fund managers will decide whether to increase or decrease their holdings in Chinese assets.

——This weekend felt longer than usual, with random thoughts and wild speculations flying around, and many traders are eagerly waiting for the Chinese market to open.

This week, the Chinese stock market opened with the largest single-day gain in history. Now, the headlines of well-known overseas financial media are all about China, and the eyes of global traders are once again focused on the Chinese market, waiting to be shocked.

1. Due to differing opinions on the press conference, the opening brought "great waves," and the financial market will give its own evaluation of the press conference held on Saturday.

Retail investors look at specific numbers, and the word "large" (possibly slightly higher than market expectations) will be their guide for operations. What they need to consider is to what extent the market has digested the incremental stimulus policy of "in line with 2" or "slightly above 2."

General investors look at where the money is flowing, whether it can solve key issues (real estate and reflation).

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Sophisticated investors observe the atmosphere, whether this meeting without more details has a "sense of urgency" to determine whether it is "a major shift" or a "tactical rebound."

In fact, not announcing specific numbers is a good thing. If they were announced, they would be quickly priced by the restless market, and there would be a lack of focus for speculation in the future. Having expectations and hope is the best situation.

2. Bitcoin opened on Saturday and closed with an increase. If the press conference is linked to Bitcoin, it can be seen as providing a positive signal, stimulating market risk appetite. However, from a technical point of view, even without China's meeting, the probability of Bitcoin rising on Saturday is still very high.

3. According to our survey, most investors are optimistic about the performance of A-shares next week (53% bullish, 31% bearish, 16% neutral).At the same time, investors are also bullish on the US stock market (45% bullish, 34% bearish, 21% neutral) and gold (50% bullish, 30% bearish, 19% neutral). In terms of bullishness, the A-share market is the highest among these three markets.

4. The risks in overseas markets need to be highly concerned. The "Wall Street Panic Index" VIX closed above "20" every day this week, and the 10-year US Treasury yield broke through "4%"—two numbers with warning significance for Wall Street. Not only has the Chinese market not priced in this risk, but other markets have also not priced in the risk.

5. In addition, two Federal Reserve officials have already spoken, implying support for a pause in rate cuts in November. Due to the vagueness of their statements, the market has not fully understood.