4月9日盘前，三倍做多富时中国ETF-Direxion（简称YINN）大涨17.62%，引发市场广泛关注。这一显著涨幅反映了投资者对中国股市前景持续看好的强烈信心。
分析人士指出，此轮涨势的主要驱动因素来自于中国无风险利率的下行趋势。国泰海通最新研报显示，贴现率中无风险利率的降低有望带动增量资本入市，成为2025年中国股市估值上修的关键动力。该机构认为，经历三年的出清调整后，投资者预期变动的主要矛盾已从经济周期波动转变为贴现率变动，这将推动中国A/H股整体估值中枢上移。
值得注意的是，YINN作为三倍杠杆ETF，其涨跌幅会放大基础指数的变动。市场普遍预期，随着中国持续推进经济转型和创新驱动发展战略，加之政策面的支持力度不断加大，中国股市的投资价值正在被重新审视。投资者应密切关注中国经济基本面的持续改善，以及资本市场改革的进一步深化，把握可能出现的投资机会。
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