7月22日，国务院新闻办公室举行新闻发布会，邀请国家外汇管理局副局长、新闻发言人李斌，国家外汇管理局国际收支司 司长贾宁，国家外汇管理局资本项目管理司司长肖胜介绍2025年上半年外汇收支数据情况，并答记者问。 会上，外汇局再次回应市场关切，释放稳汇率信号，并透露下一阶段多项关键措施。同时，上半年外资配置中国市场数据 公布，外资净增持境内股票和基金101亿美元，显示全球资本配置境内股市的意愿增强，看好中国市场。 看好中国市场 外资净增持境内股票和基金101亿美元 2025年以来，外部环境更趋复杂多变，单边主义、保护主义抬升，全球经济和跨境贸易增长动能减弱，国际金融市场波动 加大。我国外汇市场平稳运行，展现出较强的韧性和活力，表现好于市场预期。 上半年，涉外收支规模稳步增加。企业、个人等非银行部门跨境收入和支出合计7.6万亿美元，同比增长10.4%，规模创历 史同期新高。跨境资金延续净流入。企业、个人等非银行部门跨境资金净流入1273亿美元，延续了去年下半年以来的净流 入态势，其中，二季度净流入环比增长46%。外资总体净增持境内股票和债券。 7月22日，国家外汇管理局国际收支司司长贾宁在国新办新闻发布会上透露，上 ...

【导读】港股基金最新重仓股大曝光 2025年上半年，港股市场大反攻，恒生指数领跑全球主要指数。与此同时，港股获公募大举增持，涉及医药生物、银行、传媒、计算机等领域，腾讯控 股、小米集团-W、阿里巴巴-W、宁德时代、美团-W等成为陆港通基金重仓股。 多位业内人士表示，展望未来，预计港股市场总体震荡向上，且以结构性行情为主。关注创新药、人工智能、互联网等方向。 根据最新出炉的基金二季报，多位基金经理在二季度布局了港股市场中的AI、智能驾驶、先进制程、电池、黄金等方向。在业内人士看来，香港市场的 繁荣才刚刚开始，后续关注创新药、AI、顺周期等方向。 在二季报中，前海开源沪港深非周期股票基金经理崔宸龙表示，二季度增加了部分固态电池等有较大技术进展的领域的持仓，同时更加均衡地配置了电力 以外的其它公用事业方向。展望后续，伴随着国内"反内卷"政策的逐步落地，积极跟踪包括光伏、储能等环节周期底部区间的翻转机会，同时也会结合新 兴产业的发展趋势，挖掘在技术进步中能够受益的相关企业。 与此同时，不少基金经理在二季度不同程度加大了对港股的投资力度。比如，李剑锋管理的易方达港股通优质增长，港股仓位由今年一季度末的79.51% 提升 ...

【导读】香港恒生指数突破25000点！全球最大恒生科技ETF规模突破500亿港元！ 规模突破500亿港元 7月22日，记者从南方东英获悉，截至7月21日收市，南方东英恒生科技指数ETF规模突破500亿港元，达501.25港元，刷新成立五年来的纪录。今年以 来，南方东英恒生科技指数ETF规模已上涨124亿港元，蝉联全球最大的恒生科技ETF。 南方东英认为，南方东英恒生科技指数ETF规模上涨主要受益于中国宏观经济稳中向好，AI资本开支创造结构性增长机会及"反内卷"举措稳步展开。 展望后市，南方东英表示，恒生科技指数有望在AI红利、政策支持及行业高质量发展推动下获得长期增长动能。其强劲的基本面获得境内外资金的认 可。 7月22日，香港三大股指全线上涨。香港恒生指数涨0.54%，报25130.03点，站在25000点之上；恒生科技指数涨0.38%，报5606.83点；恒生国企指数涨 0.39%，报9075.6点。大市成交2660.73亿港元。南向资金净流入27.17亿港元。 | 信义玻璃涨7.23%，中升控股涨6.15%，比亚迪（002594）股份涨5.09%，领涨蓝筹。 | | --- | | 序号 | 名称 | ...

Core Viewpoint - The stock ETF market experienced a net outflow of approximately 3.22 billion yuan on July 21, despite the overall market reaching new highs for the year [1][2]. Group 1: Market Overview - On July 21, the total scale of the stock ETF market reached 3.74 trillion yuan, with a total increase of 3.123 billion shares [2]. - The industry-themed ETFs saw the highest net inflow, totaling 3.152 billion yuan [2]. - The top five sectors for inflows included Hong Kong financials (1.2 billion yuan), infrastructure and construction (1.16 billion yuan), Hong Kong internet (990 million yuan), Sci-Tech 50 (610 million yuan), and building materials (530 million yuan) [2]. Group 2: Fund Performance - The Hong Kong Internet ETF led with a net inflow of 969 million yuan, followed by the Hong Kong Securities ETF with 624 million yuan, and the Infrastructure 50 ETF with 598 million yuan [3]. - Major fund companies like E Fund and Huaxia Fund reported significant inflows in their ETFs, with E Fund's total scale reaching 671.44 billion yuan, increasing by 5.23 billion yuan on the same day [4]. - Huaxia Fund's Sci-Tech 50 ETF and Robot ETF saw net inflows of 439 million yuan and 163 million yuan, respectively [4]. Group 3: Outflows in Broad-based ETFs - Broad-based ETFs experienced the largest net outflows, totaling 2.396 billion yuan, with the CSI A500 seeing the highest outflow of 1.581 billion yuan [5]. - The Southern Fund's CSI 1000 ETF had a net outflow exceeding 400 million yuan, ranking first among stock ETFs [5]. - The recent market trend indicates that some investors are opting to take profits as the index rises, leading to outflows from A500-related ETFs [5].

【导读】复牌当天再遭基金公司"补刀"，招商基金下调诺泰生物估值 中国基金报记者若晖 因涉及财务造假，诺泰生物复牌并被实施"ST"的当天，就迎来基金公司下调估值"第一枪"。 7月22日，招商基金公告，自7月21日起，对旗下证券投资基金（除ETF外）所持有的诺泰生物股票估值价格调整为32.78元，相比停牌前价格下调约20%。 Wind数据显示，截至二季度末，共有8家基金公司旗下19只基金重仓持有诺泰生物，合计持有923.38万股。业内人士表示，未来不排除有更多的基金公司 跟进下调估值。 基金公司下调诺泰生物估值 屋漏偏逢连夜雨，在被正式"戴帽"实施"ST"的当天，诺泰生物就遭到基金公司第一时间下调估值。 7月22日，招商基金发布关于旗下基金估值变更的公告，公告中称，本公司经与基金托管人、会计师事务所协商一致，决定自7月21日起，对旗下证券投资 基金（除ETF外）所持有的上述股票进行估值调整，调整后的估值价格为32.78元；同时，对ETF联接基金持有的标的ETF，在当日份额净值的基础上考虑 上述股票的调整因素进行估值。 招商基金表示，待上述股票交易体现了活跃市场交易特征后，将恢复按市价估值方法进行估值，届时不再另行 ...

Core Viewpoint - The establishment of Shanghai Liquan Private Fund Management Co., Ltd. marks a trend of former public fund managers transitioning to private fund management, with Song Xiaolong as a key figure leading this initiative [1][2]. Company Information - Shanghai Liquan Private Fund Management Co., Ltd. was registered on April 19, 2024, with a registered capital of 10 million yuan [2]. - The company completed its private securities investment fund manager registration on July 18, 2025, and currently employs five full-time staff, all of whom hold fund industry qualifications [1][2]. - The major shareholder, Song Xiaolong, holds 70% of the company's shares, while Yin Weizhong and Liu Lu hold 10% and 20%, respectively [3]. Leadership Background - Song Xiaolong has approximately 24 years of experience in the public fund industry, having held various senior positions at notable firms such as Fuquan Fund, Changxin Fund, Taiping Fund, and Huacheng Future Fund [1][3]. - After leaving the public fund sector in September 2023, Song took a year off before becoming the legal representative, general manager, and investment director of Liquan Private Fund in November 2024 [3][4]. Industry Trends - The trend of public fund managers moving to private fund management is evident, with several former managers making similar transitions in recent years, indicating a shift in the investment landscape [6].

登录新浪财经APP 搜索【信披】查看更多考评等级 盘面上，上午大基建板块全面爆发，贵金属、建筑等板块领涨A股，雅江水电站、水利水电建设、西藏振兴、水泥制造等概念股持续火热；互联网、保 险、银行板块整体走低，PEEK材料、宇树机器人、央企银行等概念股不振。 | | | Wind热门概念指数 | | | --- | --- | --- | --- | | 雅江水电站 | 水利水电建设 | 西部大基建 | 水泥制造 | | 9.84% | 6.45% | 4.79% | 4.57% | | 西藏振兴 | 大基建央企 | 培育钻石 | 锂矿 | | 4.56% | 4.08% | 3.51% | 3.44% | | 挖掘机 | 盐湖提锂 | 抖音豆包 | 拼多多合作商 | | 3.29% | 3.20% | -1.03% | -1.04% | | DeepSeek | 银行 | 医保支付改革 | 智能体 | | -1.05% | -1.06% | -1.08% | -1.10% | | 微软合作商 | 宇树机器人 | 央企银行 | PEEK材料 | | -1.13% | -1.29% | -1.29% | -1.58 ...

Core Viewpoint - Wang Guolong, the CEO of Link REIT, has announced his retirement after over 16 years of service, coinciding with the upcoming 20th anniversary of Link REIT's listing in November 2025 [1][2][3] Company Overview - Link REIT is the largest real estate investment trust in Asia, managing a diverse portfolio and providing investment management services through its subsidiary, Link Real Estate Investment [3] - The board of directors will conduct a comprehensive selection process to find a suitable successor to lead the next phase of the company's development [3] Leadership Transition - Wang Guolong, aged 63, has served as the executive director and CEO since February 2009 and May 2010, respectively [4] - The chairman of the board, Ou Dunqin, praised Wang's contributions over the years and expressed confidence in the existing leadership team to continue the company's strategic focus [3][4] Financial Performance - For the fiscal year 2024/2025, Link REIT reported a revenue increase of 4.8% to HKD 14.223 billion, with net property income rising by 5.5% to HKD 10.619 billion [4] - The distributable income also saw a 4.6% increase to HKD 7.025 billion, exceeding market expectations [4] Market Analysis - According to CMB International, Link REIT maintains a "Buy" rating with a target price of HKD 47.70 [5] - Despite a 9.6% year-on-year decline in net asset value per unit to HKD 63.30, the company demonstrated robust dividend performance, with a full-year distribution per unit of HKD 2.7234, surpassing market expectations by approximately 1% [6] - The rental growth in non-Hong Kong markets is expected to offset slight rental pressures in Hong Kong, with overall rental levels anticipated to remain stable through fiscal year 2026 [6]

Group 1: Market Overview - The A-share market showed mixed performance on July 22, with the Shanghai Composite Index in the red while the Shenzhen Component and ChiNext Index were in the green [1] - Market focus remained on concepts related to the Yarlung Tsangpo River Hydropower Station, optical modules, and major infrastructure projects in the western region [2] Group 2: Yarlung Tsangpo River Hydropower Station - Stocks related to the Yarlung Tsangpo River Hydropower Station continued to be active, with nearly 20 stocks hitting the daily limit up [4] - The investment for the Yarlung Tsangpo River Hydropower Station is approximately 1.2 trillion yuan, significantly higher than other major projects like the Three Gorges Project and the Hong Kong-Zhuhai-Macao Bridge [4] Group 3: Company Performance - China Power Construction Corporation (中国电建) saw its stock price reach 6.15 yuan per share, with a total market capitalization of 1059.41 billion yuan [6] - The company reported a new contract amount of 686.699 billion yuan for the first half of 2025, a year-on-year increase of 5.83%, with the energy and power sector contracts increasing by 12.27% [6] Group 4: Stock Performance Highlights - A total of 42 bank stocks were in the red, with Xiamen Bank dropping over 4% and several others declining by more than 2% [8] - The stock of Upwind New Materials (上纬新材) opened high at 47.85 yuan per share and achieved a 20% limit up, marking its 10th consecutive limit up, setting a new record in the A-share market [12]

Core Viewpoint - The Sci-Tech Innovation Board (STAR Market) has successfully fostered high-quality development in China's capital market over the past six years, emphasizing innovation and the importance of "hard technology" in driving economic transformation [1][13]. Group 1: Market Development and Achievements - The STAR Market has grown from 25 initial companies to 589, generating an average of 2.5 patents per hour, particularly in sectors like semiconductors and biomedicine [1]. - The total IPO fundraising reached 925.7 billion yuan and 186.7 billion yuan in refinancing, exceeding 1.1 trillion yuan, significantly benefiting key strategic areas such as integrated circuits and biomedicine [3]. - The board has attracted 379 national-level "little giant" enterprises and 65 manufacturing "single champion" demonstration enterprises, accounting for 71% of the total companies listed [3]. Group 2: Institutional Innovations - The STAR Market has implemented over 20 key institutional rules to support technology innovation, including flexible listing standards and rapid refinancing mechanisms [7]. - The introduction of the "1+6" policy measures aims to enhance the board's inclusivity and adaptability for various types of hard technology enterprises [11][12]. Group 3: R&D and Innovation - In 2024, the total R&D investment of STAR Market companies reached 168 billion yuan, more than three times the net profit, with a median R&D investment ratio of 12.6% [4]. - Companies on the board have accumulated over 120,000 invention patents, with an average of 216 patents per company, showcasing a strong commitment to innovation [4]. Group 4: Talent and Collaboration - More than 60% of the founding teams of STAR Market companies are led by scientists, engineers, or industry experts, fostering a strong link between academia and industry [5]. - Nearly 30% of companies have core products aimed at achieving import substitution and self-control, indicating a focus on domestic innovation [5]. Group 5: Future Outlook - The STAR Market is positioned to continue its role as a "testbed" for reforms, with plans to attract more global innovation elements and support the development of new productive forces [13].