The ECB has lowered interest rates by 25 basis points as scheduled. This is the first interest rate cut since 2019 and the second central bank among major central banks to begin easing. Recently, Canada also lowered interest rates by 25 basis points as scheduled, triggering expectations for a global easing trend in the market. Looking at the constituent stocks, the top ten weighted stocks of A50ETF Huabao (159596), which have a high degree of overlap with northbound funds' preferences, are China Yangtze Power, CITIC Securities, Ping An Insurance, Zijin Mining Group, CM Bank, Kweichow Moutai, Jiangsu Hengrui Pharmaceuticals, BYD Company Limited, Midea Group Co., Ltd and Contemporary Amperex Technology. Guosheng Securities said that ST stocks and stocks being questioned and investigated have suffered continuous heavy blows, with stock prices hitting new lows in many years against the backdrop of the ongoing release of new “National Nine Articles” and other regulatory measures. With the inclusion of middle letter stocks in the FTSE China A50 index and foreign capital being bullish on Chinese assets, the underlying fundamentals and risk preferences of A-shares are undergoing changes. Therefore, the attention to high-yield stocks and blue-chip stocks by investors may gradually increase.