Group 1 - LME copper prices declined due to a stronger dollar and rising copper inventories in LME Asian warehouses [1] - As of July 17, LME three-month copper fell by 0.32% to $9,604 per ton, retreating from a three-month high of $10,020 per ton earlier in July [1] - Copper previously planned for shipment to the U.S. is being redirected back to the LME system due to a 50% import tariff announced by the U.S. effective August 1 [1] Group 2 - The increase in LME copper inventories alleviated concerns about recent supply shortages, reflected in the widening discount of spot copper contracts compared to three-month forward contracts, which expanded to $64.5 per ton from a premium of $320 per ton three weeks ago [1] - China's refined copper production for June 2025 was reported at 1.302 million tons, a year-on-year increase of 14.2%, with a cumulative production of 7.363 million tons for the first half of the year, up 9.5% year-on-year [1] Group 3 - Other LME metal prices showed mixed performance, with three-month tin stable at $32,785 per ton, while zinc, lead, nickel, and aluminum experienced declines of 0.26%, 0.28%, 0.31%, and 0.43% respectively [2]

根据香港特区政府网站报道，2025年6月27日，香港特区政府委任的34名特首顾问团成员之中，除了新增的三名成员之外，有一个人未能继任，他就是李嘉 诚旗下长和集团主席李泽钜。 在英国人的支持之下，在香港崛起并成为香港首富之后，李嘉诚麾下的长和集团，一直是香港最具影响力的财团之一。 也正是依靠这种影响力，李嘉诚不仅在香港如鱼得水、获得了海量的利润和影响力，同时，还在大陆乃至于全世界广泛投资，攫取高额利润。 如今的长和集团，依然拥有偌大的影响力，依然是香港最具影响力的房地产公司，在香港甚至稳坐头把交椅，李嘉诚家族的财富，也没有缩水迹象，在香港 乃至于全世界依然数一数二。 既然如此，作为长和集团主席的李泽钜，为什么反而成为唯一一个没有继任香港特首顾问团的前成员呢？ 也就是说，这其实是一个能够影响香港未来发展的高层智囊团，无论是对于香港的发展，还是香港财团本身的利益，都是十分重要的。 而对于这样如此重要的一个顾问团，李泽钜却并未当选，这很显然是一个十分明显的信号。 虽然无论是香港特首顾问团还是李泽钜都并未对于这件事发表言论，但是很显然，这件事，与去年长和集团不顾祖国的利益，向西方国家出售巴拿马运河港 口事件，密切相关。 ...

这份本可触及的市场机遇，显然不应再轻易向李嘉诚家族倾斜。彭博社援引知情人士消息，香港富豪李泽楷旗下保险公司开拓中国大陆市场的谈判，已因父 亲李嘉诚出售巴拿马港口业务引发的风波陷入停滞。 衡量一位企业家是否能冠以"伟大"之名，爱国是一道必须跨越的标杆。这绝非空洞的口号，而是在关乎国家利益的关键节点所展现的立场与抉择。国务院港 澳办曾两次转载《大公报》时评《伟大的企业家都是铮铮爱国者》，文中明确指出，真正能站稳脚跟的企业家，从不是紧盯利益的投机者，而是心怀家国的 爱国者，这一论断有着深刻的现实依据。 回望那些被铭记的港澳企业家，便能读懂其中深意。霍英东便是典范，早年西方国家对华实施禁运，他顶着压力组建船队，将急需物资从香港运至内地，为 抗美援朝和新中国建设提供了重要支撑。改革开放初期，众多外资仍在观望，他已携资赴粤兴建宾馆，成为首批投身内地发展的港商。香港回归前后，他积 极协调各方推动平稳过渡，还出资助力中国重返国际体育组织，设立基金支持教育、医疗事业，广州南沙从渔村蜕变为新城，更凝聚着霍家几代人的付出。 何鸿燊的故事广为人知，他斥资回购流失海外的文物捐赠国家，圆明园猪首、马首铜像的回归便离不开他的努力。北京申奥 ...

Group 1 - The core viewpoint emphasizes the need for a balance between promoting economic growth and maintaining fiscal discipline [1]

英国央行行长贝利在致G20财长和央行行长的信中表示，自四月以来，市场状况有所改善，资产价格已 回升。 ...

Core Insights - The article highlights the strategic asset liquidation by Li Ka-shing, a prominent businessman, as part of a broader global asset reallocation strategy [2][5][10] Group 1: Business Strategy - Li Ka-shing's business philosophy is centered around the cold balance of risk and profit, exemplified by his rapid divestments in response to market conditions, such as selling American ports to avoid trade war risks and liquidating European assets during the pandemic [2] - The sale of the "Yucui Garden" properties at a significant discount reflects a calculated move to quickly generate cash flow, with the properties sold at 76,000 yuan per square meter, a reduction of nearly 20,000 yuan from the original price [1][5] - Li's family wealth management strategy includes placing core equity in a trust fund to prevent fragmentation during inheritance, while his sons manage different aspects of the family business [2] Group 2: Market Impact - The rapid sale of "Yucui Garden" triggered a chain reaction in the real estate market, leading to a significant price drop in similar properties and causing other luxury projects in the area to halt sales for reevaluation [8][10] - The article notes a 43% decline in commercial real estate transaction volume in the Asia-Pacific region in Q1 2025, indicating a broader market retreat as major investment firms withdraw from the Chinese market [8][10] - Li's actions serve as a warning signal regarding market liquidity, suggesting that when major investors hoard cash, high-leverage assets become increasingly risky [10] Group 3: Financial Performance - The land for the "Yucui Garden" project was acquired in 2001 at a cost of 1,750 yuan per square meter, resulting in a profit margin exceeding 40 times even at the discounted sale price [6] - Li Ka-shing's historical strategy of selling assets at significant discounts has resulted in over 350 billion yuan in cash generation over 23 years, demonstrating a consistent approach to maximizing returns without holding out for the last penny [6]

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong Stock Connect TMT Index, which has shown significant growth over various time frames, including a 3.32% increase in the past month, 17.53% in the past three months, and 27.89% year-to-date [1] - The index comprises 50 listed companies in the TMT sector selected from the Hong Kong Stock Connect, reflecting the overall performance of related industry companies [1] - The top ten weighted companies in the index include Xiaomi Group-W (15.3%), China Mobile (14.32%), Tencent Holdings (13.96%), and others, indicating a concentration in major players within the TMT sector [1] Group 2 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - In special circumstances, the index may undergo temporary adjustments, such as removing companies that are delisted or adding new TMT companies that rank in the top ten by market capitalization in the Hong Kong market [2] - The index's holdings are entirely composed of companies listed on the Hong Kong Stock Exchange, with a sector breakdown showing 55.48% in communication services and 44.52% in information technology [1]

美联储戴利：经济状况良好，增长和就业稳健，通胀压力正在缓解。 ...

智通财经记者 | 周芳颖 智通财经编辑 | 楼婍沁 界面时尚从屈臣氏获悉，该公司其中一位中国联席董事总经理陈志豪已于2025年初"荣休"。 2024年4月，屈臣氏集团曾发布公告，宣布将任命陈志豪、聂薇为屈臣氏中国联席董事总经理。这也意味着陈志豪"挂帅"才一年。而陈志豪、聂薇都是推动 屈臣氏O+O（线上线下融合）战略升级的关键人物。陈志豪打通了小程序与门店的关联，在就任联席董事总经理一职之前曾为营运总经理。目前，聂薇仍 在任。 屈臣氏集团方面曾表示，聂薇与陈世豪上任后主要聚焦于对中国市场快速反应，以推动屈臣氏的业绩增长。 彼时屈臣氏正面临业绩滑坡的艰难关口。根据屈臣氏母公司长江和记披露的财报，2023年期间，屈臣氏的中国区门店数量跌破4000家，业绩仍未止跌，也是 所有地区中唯一营收下滑的区域。 截止2024年末，屈臣氏中国门店数量为3875家，营收同比下滑18%至135亿港元，同店销售额亦下滑15.3%。这进一步说明，过去几年中国市场的美妆零售竞 争加剧，以及消费者偏好的变化，对屈臣氏的传统门店模式形成了明显冲击。即便依靠会员和促销维持客流，整体收入和同店表现依然承压，表明结构性问 题亟待解决。 屈臣氏中国历 ...

Group 1 - The People's Bank of China is revising the rules for the Renminbi Cross-Border Payment System to adapt to the business development needs [1] - The 2025 BRICS Finance Ministers and Central Bank Governors Meeting will be held in Rio de Janeiro, Brazil, discussing global economic conditions, governance, and financial cooperation topics [1] - As of now, a total of 379 institutional innovation achievements from the national level have been replicated and promoted in the Free Trade Zone pilot [1]