Schroders global's managing director of multi-asset and fixed income investments in Asia, Yu Xueyu, stated that Asian equity and bond investors will benefit from the US interest rate cycle, which is attracting capital back to Asian capital markets. In this context, we still have a positive view on stocks. Looking ahead, with strong fundamentals, robust technicals, and high comprehensive returns, the Asian credit market will remain stable. It is reported that the China Securities Regulatory Commission announced on December 20 the implementation of the optimization of the Mainland and Hong Kong Mutual Recognition of Funds (MRF) arrangement, expanding the northbound quota to no more than 80% of the total assets under management of the funds. Schroders global Investments stated that this measure will provide Chinese mainland investors with more opportunities to access diversified investment solutions from global asset management companies. With the expansion of the MRF northbound quota, Hong Kong's role as the "super intermediary" between the Chinese mainland and international markets for global capital flows will further deepen.