其实绝大多数人对形势的判断都错了。 从加征关税、技术围堵、制裁企业，到不断叫嚣 "脱钩"。 大家都以为是懂王带着美国想要和我们断绝关系。 但最近一件事，揭开了真相。 今年 3 月，东大 大幅抛售了 189 亿美元美国国债，持有规模降至 7654 亿美元。 这是东大自 2000 年跻身美债前两大持有国之后， 25 年来首次退居全球第三，被英国反超。 减持美债，其实是一个很关键的信号，它意味着此刻 —— 不是美国在和东大脱钩，而是东大，正在悄悄与美国脱钩。 3月份，海外资金买入美国国债的单月净流入为1618亿美元，是2月的1.5倍。 但在东大抛售美债的同时，海外资金却在疯狂买入美国国债， 曾经，我们一直是老美最坚定的 "债主"。 时间回到2008年，金融危机席卷 全球，华尔街风雨飘摇，但当时我们选择坚定地支持美国国债—— 持仓规模一度突破1.3万亿美元，规模首次超过日本，跃居全球第一，撑起了美元信用。 但风向，从2015年开始变了。 随着两个大国之间冲突的出现，我们的战略判断在悄悄发生转向： 对美元体系的信任，不再是无条件的； 对外汇储备的构成，也不再是一成不变。 于是，美债持有比例从高点回落，中国开始温和但持续 ...

以下文章来源于大胡子教买房 ，作者湾区区长 真人实地调研，专注楼市研究10余年！大胡子教买房为您带来一手消息，助您预判楼市风向，实现资产稳步增长！ 最近 的 金融 圈， 热闹 得 不像话。 因为市场开始疯传一个消息： 香港的存款利率，飙到了13%！ 不少 人 看完 后 直接 傻 眼： 13% 的 存款 利率？ 这 不是 送 钱 吗？ 毕竟现在内地的 利率越来越低 ， 香港如果利率真的能涨到13%，那确实是非常吸引人 。 这13%的利率到底是怎么回事？今天， 咱 就 来 把 这 事儿 拆开 讲， 看看 背后 藏 的 到底是 羊毛， 还是 刀片。 大胡子教买房 . 13% 利率到底存不存在？ 是真有， 但 有效期 只有 7 天。 7天之后，利率马上回到常态。 而且，所谓的13%的利率背后，还有限制。 首先，对于存款有币种的要求， 不同 币 种 的 利率还 不 一样。 想拿到13%的利率，就必须是澳元或者是纽元。 | 存款期 | | | | 特优年利率 | | | | 申请渠道 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 澳元 | 细元 ...

不知道大家有没有关注到最近资本市场的一个新现象： 本来炒的火热的黄金，近段时间波动率越来越大！ 4月底每盎司上到800元/之后，就一直在震荡下跌，价格在740-780之间徘徊了将近一个月。 而和黄金的震荡相比，最近虚拟币的上涨反而非常猛，突破历史新高到了11万美金的位置，今年开始已经上涨了17%。 BTC开始上涨，黄金反而有点上涨乏力。 大家不要单纯地以为这就是市场现象。 绝对不是！ 大家一定要搞清楚一点： 老美对全球资金的流向，有着超乎很多人想象的掌控力。 资金从黄金转向BTC，恰恰说明 现在懂王和美丽国的策略变了。 之前，懂王是想用对等关税，硬生生从其他国家那里抢钱，给自己增加财政收入还美债利息，维持美债的稳定。 但是因为东大带头对抗，关税收不上来，钱反而都因为害怕老美变卦全都拿去买黄金不买美债了，美债危机不但没有缓解，反而还越来越麻烦。 所以"关税"这个抢钱路子只能作罢。 那现在懂王的新策略，是 "曲线救国"。 简单点说就是—— 热捧虚拟币，搞大饼计划，吸引资金流向虚拟币。 所以你能看到最近的全球BTC大会，懂王的儿子以及副总统万斯都去了。 我在之前的文章就已经说过，虚拟币市场虽然被吹捧为去中心化的货币 ...

嗯，很多人不理解。 到底什么是稳定币？ 和我们普通人有什么关系？ 简单说一下， 稳定币是一种数字货币。 上周有个大消息，是被忽视的。 5月19号，美国参议院以66票赞成32票反对通过了一项法案，这个法案的全称是《美国稳定币 创新 引导和建立法案》。 它是由私人机构发行的，比如你用1美元买了1个稳定币，那机构就会收到1美元，对应发行1个稳定 币，就把实物美元变成了虚拟美元。 任何货币，都会有 锚定物的。 稳定币的锚定物，就是美元。 而机构如果收到了大量的美元，就会去买美债。 就和我们各个国家，和美国进行贸易之后，收到大量美元，也会去买美债。 这个时候，你发现了吧。 稳定币，为什么会卡在5月份的时候突然推出。 这背后， 大概就是美国为了应对6月美债危机的一个大杀招。 美国gov准备绕开美联储去发行美债了。 同时还有一个事情，那就是5月23日，我们HK光速通过了稳定币条例草案。 紧随其后，这就不算是偶然了。 这里补充一下时间线的知识点。 6月份漂亮是有6.5万亿的美债要到期，但目前的美债收益率创下了新高。 10年期超过了4.5%，30年期超过5%。 漂亮肯定不想顶着高息发债，可5月15日美联储发声了，不会选择货币债 ...

Core Viewpoint - The recent interest rate adjustments signify a "wealth reconstruction," impacting different socioeconomic groups in varying ways [2][3]. Group 1: Interest Rate Changes - Loan interest rates have decreased by 10 basis points, bringing mortgage rates down to around 3%, while deposit rates have been cut by 25 basis points, with three- and five-year fixed deposits now at 1.3% [1]. - This creates a "interest rate gap trap," where keeping money in the bank results in losses, while borrowing money becomes profitable [6]. Group 2: Wealth Dynamics - High-net-worth individuals are moving their money out of banks to invest in other assets, as the 1.3% annualized return on deposits is insufficient [10][12]. - The rental yield for properties has reached 1.5% to 2.0%, providing returns that exceed bank interest rates, making real estate an attractive investment [13]. Group 3: Overseas Investments - High-net-worth individuals are also investing in overseas properties, such as in Japan, where rental yields exceed 4% and the yen has appreciated over 10% against the RMB in the past year [16][17]. - Quantitative investments are gaining traction, primarily benefiting high-net-worth individuals who are willing to invest [19][20]. Group 4: Middle-Class Responses - The middle class is responding to the interest rate cuts by paying down mortgages, effectively earning a "risk-free" return of 1.7% by reducing debt [22]. - Many middle-class individuals are looking towards Hong Kong as a "wealth haven," with 86% of high-net-worth individuals planning to invest abroad in the coming year [25][24]. Group 5: Investment Trends in Hong Kong - Hong Kong has become the top destination for overseas investments, with 37% of high-net-worth individuals choosing it for its mature financial market, stable economy, and diverse investment opportunities [27]. - The Hong Kong insurance market has seen a significant increase, with new individual policy premiums reaching 1,696 billion HKD, a 15.7% increase compared to the same period last year [32]. Group 6: Asset Diversification and Risk Management - Investors are seeking diversified asset classes in Hong Kong, including fixed income, equities, and infrastructure, to mitigate risks and ensure cash flow [33][34]. - The ability to maintain cash flow through certain assets is becoming increasingly important, as it allows for flexible access to funds [36].

Core Viewpoint - The recent adjustment of the Loan Prime Rate (LPR) indicates a cautious approach to monetary policy, with the 1-year LPR set at 3% and the 5-year LPR at 3.5%, marking the first rate cut of the year [1][2][18]. Group 1: LPR Adjustment - The 5-year LPR was reduced by 10 basis points from 5% to 3.6% [1]. - The adjustment was anticipated following the May 7 meeting where the central bank announced a 0.1 percentage point reduction in policy rates [2][3]. - Some banks preemptively adjusted their LPR add-on rates before the official LPR cut, indicating a proactive stance in managing lending rates [4][5]. Group 2: Bank Responses - Major banks have adjusted their first loan rates, with some reducing their LPR add-on from LPR-60 basis points to LPR-50 basis points [5][6]. - The increase in add-on rates effectively neutralizes the impact of the LPR cut, maintaining the overall mortgage rates [8][9]. - Banks are raising add-on rates to mitigate risks associated with lower lending rates, particularly to avoid competition with public housing loan rates [10][11]. Group 3: Deposit Rate Changes - Alongside the LPR cut, deposit rates have also been reduced, with significant cuts across various terms [12][13]. - The reduction in deposit rates aims to maintain banks' interest margins amidst the LPR adjustments [14][15]. - The larger cut in deposit rates compared to LPR reflects banks' need to manage their funding costs and liquidity [22][23]. Group 4: Economic Context - The central bank's balance sheet has contracted, indicating a tightening of liquidity in the market, which complicates the monetary policy landscape [25]. - The need for increased government investment and liquidity measures is emphasized to address the challenges of insufficient loan demand [26]. - The potential shift towards zero or negative interest rates is highlighted, suggesting a need for alternative investment strategies to preserve capital [27].