Pre-market report on A-shares: The Federal Reserve cut interest rates as scheduled by 25 basis points, causing Chinese concept stocks to rise nearly 3%, hitting a new high in over three years.

Pre-market news 1. The Federal Reserve interest rate decision: Cut interest rates as scheduled by 25 basis points, "White House voice" calls for another 100 basis point cut Type: Macro Sentiment impact: Positive The Federal Reserve lowered the federal funds rate target range by 25 basis points to 4.00%-4.25%, in line with market expectations. In terms of the dot plot, 10 officials expect at least two more 25 basis point rate cuts this year, with Milan, rumored to be the "White House voice," seemingly calling for a cut of over 100 basis points. CICC analysis states that the market may be boosted in the short term by liquidity, with small-cap and growth stocks potentially having an advantage. 2. Violent fluctuations in the US stock market! Chinese concept index rises nearly 3% to continue a 3-year high, Baidu rises over 11% Type: Market Sentiment impact: Positive The three major US stock indexes experienced rollercoaster-like movements overnight, eventually closing with mixed results. Chinese assets continued to surge, with the Nasdaq Golden Dragon Index closing up 2.85%, reaching a new high in over 3 years. Among popular stocks, Baidu rose over 11%, Nio rose over 6%, and Pinduoduo rose 4.5%. 3. Ministry of Industry and Information Technology seeks opinions on standards for intelligent connected vehicle assisted driving, marking a turning point for the intelligent automotive industry Type: Industry Sentiment impact: Positive The Ministry of Industry and Information Technology is seeking feedback on the mandatory national standard "Safety requirements for the combination driving assistance system of intelligent connected vehicles." Experts believe this will once again strengthen the safety bottom line for the development of China's intelligent connected vehicle industry. Dongguan Securities suggests that 2025 could be a turning point for automotive intelligence. 4. A-share trading volume in the year is twice that of the same period last year, with a 226% year-on-year increase in the stamp duty for securities trading in August Type... (TO BE CONTINUED)