香港金融管理局31日公布，截至2025年9月30日，香港外汇基金总资产为41522亿港元，较8月底增加820 亿港元。 在增加的外汇基金中，港元资产增加972亿港元，外币资产减少152亿港元。金管局指出，港元资产增 加，主要是因为获认购而未交收的外汇基金票据及债券的月底余额增加及香港股票按市价重估。外币资 产减少，主要是因为提取财政储备存款及已购入但未结算证券的月底余额减少，但有关减幅因来自投资 的利息收入及投资按市价重估而被部分抵销。 货币发行局帐目显示，2025年9月底的货币基础为20202亿港元，较8月底增加60亿港元，增幅为0.3%。 9月底的支持资产总额增加70亿港元至22182亿港元，增幅为0.3%。支持比率由8月底的109.78%，上升 至9月底的109.80%。 （文章来源：新华财经） ...

新华财经北京10月31日电（记者张斯文）数据统计显示，全国社会组织总量已达86万家，吸纳就业人数 超1000万人，其日常运营、项目实施与业务拓展亟需多元资金支持体系。但当前我国社会组织贷款可及 性不足普遍存在。30日，北京城市学院公共管理学部副教授、社工实务研究中心主任周玲牵头完成的首 份《中国社会组织贷款现状、需求与银行贷款可及性评估报告》正式发布，报告发布暨研讨会在北京中 关村创新智库中心举办。 本次会议由北京城市学院新时代社会工作发展研究院、中国社会工作教育协会金融社会工作专业委员 会、清华大学社会科学学院社会与金融研究中心、中国灵山公益慈善促进会北京办公室联合主办，北京 城市学院社工实务研究中心与益宝共同承办，北京加速公益基金会提供资助。 报告发现，我国以组织身份获得银行贷款仅占进行过贷款组织的8%，绝大部分社会组织只能通过法人 个人贷款、向亲戚朋友借贷等方式满足机构阶段性资金不足和发展性资金需求。 与会嘉宾普遍认为，社会组织的健康发展离不开金融的有力支撑，而普惠金融的高质量发展也需要社会 组织的广泛参与。社会组织银行贷款作为一个需求广泛、问题明确、意义巨大的社会议题，关切公益慈 善与普惠金融高质量发 ...

新华财经北京10月31日电（高二山）人民银行31日开展3551亿元7天期逆回购操作，操作利率为1.40%，与此前持平；鉴于当日有1680亿 元逆回购到期，公开市场实现净投放1871亿元。本周人民银行进行20680亿元逆回购操作和9000亿元1年期中期借贷便利（MLF）操作， 因当周有8672亿元逆回购和7000亿元1年期MLF到期，公开市场合计实现净投放14008亿元。 上海银行间同业拆放利率（Shibor）短期品种窄幅震荡，7天品种继续走低。具体来看，隔夜Shibor上涨0.40BP，报1.3210%；7天Shibor 下跌4.50BP，报1.4390%；14天Shibor上涨1.10BP，报1.5480%。 | | | | 2025-10-31 11:00 | | --- | --- | --- | --- | | | 期限 | Shibor(%) | 涨跌(BP) | | 价 | O/N | 1.3210 | 0.40 | | ゃ | 1W | 1.4390 | 4.50 | | � | 2W | 1.5480 | 1.10 | | ⇒ | 1M | 1.5470 | 0.20 | | t | 3M | ...

（文章来源：新华财经） 路透调查预计，美国原油2025年平均价格为每桶64.83美元，高于9月份预测的每桶64.39美元；布伦特原 油2025年平均价格为每桶67.99美元，高于9月份预测的每桶67.61美元。 ...

Core Insights - The conference focused on the theme of "solidifying the industrial internet platform to drive intelligent construction and green development" [1] - The event showcased the achievements of the construction industry internet platform (Yingzao Network) and explored innovative paths for intelligent construction, low-carbon development, and urban digital transformation [1] Group 1 - The president of the China Construction Industry Association emphasized the importance of the Yingzao Network's development philosophy of "open co-construction, mutual integration, and win-win cooperation" [1] - The conference aims to deepen collaboration in technology research and application scenarios, promoting the integration of intelligent construction and the construction industry internet [1] - The conference gathered industry consensus and innovation synergy, injecting new momentum into the digital transformation of the construction industry [2] Group 2 - Experts highlighted the critical role of the construction industry internet in promoting intelligent construction and green development, advocating for a shift from "extensive construction" to "intelligent manufacturing" [2] - The chairman of FanHua Group discussed the importance of creating a credible data space for urban construction, emphasizing the need to activate the digital space element market for urban development [2] - The successful hosting of the conference provided systematic solutions and replicable experiences for high-quality urban development and new urbanization construction in China [2]

Core Insights - The total retail sales value in Hong Kong for September is estimated at HKD 31.3 billion, representing a year-on-year increase of 5.9% [1] - Online sales accounted for 12.5% of the total retail sales, with an estimated value of HKD 3.9 billion, showing a year-on-year increase of 27.3% [1] - Sales of electrical and other unclassified durable goods increased by 31.3% year-on-year, while supermarket goods rose by 2.0%. Conversely, clothing sales decreased by 5.4%, and sales of automobiles and auto parts fell by 4.1% [1] - The Hong Kong government spokesperson indicated that the retail sector continues to recover, with most major retail categories experiencing varying degrees of sales growth [1] - Future outlook suggests that improving local consumer sentiment and the continued growth of tourism will support the retail business [1]

Core Insights - The "Intelligent Integration Global 2025" financial service plan has been tailored for the 8th China International Import Expo (CIIE) to support foreign trade and meet the needs of exhibitors [1][2] - The Export-Import Bank of China aims to enhance high-level opening-up and promote high-quality trade development, contributing to the construction of an open world economy [1] Group 1: Financial Service Plan - The "Intelligent Integration Global 2025" plan focuses on the changing global foreign trade landscape and the needs of exhibitors at the CIIE [2] - The plan combines various financial products such as credit, trade finance, exchange rate hedging, and inclusive finance to provide efficient cross-border financial services [2] - It addresses the entire import trade chain, catering to financial needs during trade negotiations, contract execution, goods turnover, and payment settlements [2] Group 2: Support for Foreign Trade - The Export-Import Bank has implemented multiple measures this year to support the expansion of intermediate goods trade, service trade, and digital trade [2] - The bank has provided over 900 billion yuan in loans to the foreign trade sector in the first three quarters of the year [2] - As of the end of September, the bank's import credit balance exceeded 800 billion yuan [2]

Core Viewpoint - Hong Kong's economy showed robust growth in the third quarter of 2025, with a real GDP increase of 3.8% year-on-year, driven by strong export performance and expanding domestic demand [1][2]. Group 1: Economic Performance - The third quarter saw private consumption expenditure rise by 2.1% year-on-year [1]. - Government consumption expenditure, as defined by national economic accounting, increased by 1.6% year-on-year [1]. - Overall investment expenditure accelerated due to economic expansion and stabilization in the residential property market [1]. Group 2: Trade and Exports - Total goods exports rose by 12.2% year-on-year, while total goods imports increased by 11.7% [1]. - Strong demand for electronic-related products and active regional trade contributed to significant growth in overall goods exports [1][2]. Group 3: Services Sector - Service output increased by 6.1% year-on-year, while service input rose by 2.6% [1]. - The growth in service output was primarily supported by the continued increase in tourism and active cross-border financial activities amid rising global stock markets [1]. Group 4: Future Outlook - The outlook for Hong Kong's economy remains positive, with expectations of further steady growth in the remaining months of the year [2]. - Continued strong demand for electronic products and increasing visitor numbers are expected to support both goods and service exports [2]. - Improvements in consumer confidence and business sentiment, along with government measures to diversify the economy, are anticipated to bolster local consumption and investment activities [2].

业内人士分析，珍珠品类的逆势增长揭示了消费市场的新逻辑：在整体消费环境承压的背景下，具有文 化底蕴和时尚可塑性的传统品类，通过精准的人群触达和场景重构，仍能开辟出新的增长路径。 （文章来源：新华财经） 值得关注的是，珍珠消费结构正经历深刻变革。一方面，消费群体年轻化趋势显著，推动品类从传 统"妈妈款"向日常配饰转型。阮仕珍珠业务负责人聂晶表示："我们发现珍珠消费正快速走向年轻化， 越来越多年轻人将珍珠作为日常配饰，打破了传统'妈妈款'的刻板印象。" 另一方面，男性消费者正成为珍珠市场的新增长引擎。阮仕珍珠数据显示，今年"双11"期间，其男性买 家占比已达27%，远高于珍珠行业平均水平，且客单价较均值高出50%。这一数据印证了珍珠在突破传 统消费边界、拓展增量市场方面取得的实质性进展。 新华财经北京10月31日电（记者丁雅雯）在珠宝消费市场整体增速放缓的背景下，珍珠品类却展现出强 劲的增长韧性。天猫珠宝饰品行业负责人日前在接受采访时表示，珍珠消费正展现出强劲的增长韧性， 成为珠宝饰品领域中表现亮眼的细分赛道。 "尽管外界不时出现'珍珠热退潮'的声音，但平台数据显示，珍珠消费保持稳定增长，并未出现外界所 担忧的降 ...

Core Viewpoint - The emergence of negative electricity prices in China is a reflection of the increasing share of renewable energy and the imbalance in supply and demand in the electricity market, which may become more frequent as the market evolves [1][2]. Group 1: Reasons for Negative Electricity Prices - Negative electricity prices are a direct manifestation of the temporary imbalance in electricity supply and demand, particularly with the growing proportion of renewable energy sources [1]. - In September, regions like Sichuan experienced all-day negative electricity prices due to a significant increase in water supply (up 60% year-on-year) and a decrease in demand (down 20% year-on-year), leading to a supply exceeding demand by nearly 40% [1]. Group 2: Implications of Negative Electricity Prices - Short-term negative electricity prices can serve as a "signal light" for the electricity market, encouraging adjustments in power generation and investments in energy storage and other new entities to accommodate clean energy generation [1]. - Long-term negative electricity prices may indicate a significant oversupply of electricity, necessitating further optimization of the electricity system's adjustment capabilities based on market price signals [1]. Group 3: Impact on Power Plants - Negative electricity prices do not equate to power plants needing to pay consumers, nor do they represent "negative electricity fees" [2]. - The current electricity market in China includes various trading mechanisms, with the spot market accounting for less than 10% of total transactions, meaning that long-term contracts provide a stable revenue base for power generation companies [2]. - For instance, on September 20 and 21, the average settlement price for hydropower in Sichuan was 183 yuan per megawatt-hour, slightly higher than the monthly average of 177 yuan per megawatt-hour, indicating that overall revenue for coal and renewable energy generation remains robust due to government contracts and subsidies [2]. Group 4: Future Monitoring and Management - The National Energy Administration plans to enhance market operation monitoring to closely observe the frequency and duration of negative electricity prices, aiming to mitigate market risks and stabilize reasonable revenue expectations for power generation companies [2].