数据显示，截至8月12日，今年以来南向资金累计净流入超9100亿港元，创年度净流入额历史新高，显 著超过2024年净流入的8078.69亿港元。据中国证券报记者统计，在今年以来南向资金交易的145个交易 日中，南向资金出现净流入的交易日有123个，占比超八成。 在今年以来南向资金大幅流入的带动下，港股市场表现亮眼，截至8月12日收盘，恒生指数累计涨逾 24%，恒生科技指数累计涨逾21%，恒生指数成分股中总市值超1万亿港元的股票均上涨，平均涨幅超 过30%。 近期，港股市场出现一定震荡。机构人士认为，外部预期调整可能是主要原因，预期变动会导致市场波 动较大，但这并未改变港股市场的中期配置逻辑。港股市场或吸引南向资金持续流入，支撑港股继续向 上。 ● 本报记者 吴玉华 净流入金额为去年同期两倍多 今年以来，南向资金大幅流入港股市场，是今年以来港股市场最大的增量资金来源。 数据显示，截至8月12日，南向资金今年以来累计净流入9102.88亿港元，创年度净流入金额历史新高， 历史首次超过9100亿港元，为2024年同期的2倍多。其中，4月9日单日净流入355.86亿港元，创单日净 流入纪录。在今年以来南向资金交易的1 ...

Group 1 - Southbound capital has seen a cumulative net inflow of 9102.88 billion HKD as of August 12, marking a historical high and more than double the amount from the same period in 2024 [1][2] - The Hang Seng Index has risen over 24% year-to-date, with the Hang Seng Technology Index up over 21%, driven by significant inflows from southbound capital [1][4] - The majority of southbound capital inflow days have been positive, with 123 out of 145 trading days showing net inflows, accounting for over 80% [1][2] Group 2 - Southbound capital has increased its holdings in financial, information technology, and consumer discretionary sectors, with respective market values of 14320.41 billion HKD, 11167.63 billion HKD, and 7362.45 billion HKD [2][3] - Major stocks held by southbound capital include Tencent Holdings with over 5600 billion HKD, and several others like China Mobile and Alibaba with holdings exceeding 2000 billion HKD [3][5] - The healthcare, materials, and information technology sectors have led the market, with respective increases of 75.96%, 67.53%, and 36.27% year-to-date [4][5] Group 3 - Recent market fluctuations are attributed to external expectation adjustments, but the medium-term investment logic for the Hong Kong market remains unchanged [6][7] - Analysts predict that southbound capital inflows could exceed 1 trillion HKD for the year, indicating strong ongoing interest in the Hong Kong market [6][7] - The current valuation of the Hong Kong market is at a historical mid-to-high level, suggesting potential for upward movement [7]

12家全国性股份制商业银行 近日，财政部、中国人民银行、金融监管总局印发《个人消费贷款财政贴息政策实施方案》。 要点如下↓↓ 支持范围 贷款经办机构 6家国有大型商业银行， 包括中国工商银行股份有限公司、中国农业银行股份有限公司、中国银行股份有限公司、中国建设银行 股份有限公司、交通银行股份有限公司、中国邮政储蓄银行股份有限公司。 ■ 家用汽车领域，包括汽车购置、车辆保险及维修。 ■ 养老生育领域，包括老龄人口或其子女购买的家庭适老化改造服务、养老机构和养老社区服务，托 育、辅助生育消费等。 实施方案明确，同时符合以下条件的贷款可享受贴息政策—— 2025年9月1日至2026年8月31日期间，居民个人使用贷款经办机构发放的个人消费贷款（不含信用 卡业务）中实际用于消费，且贷款经办机构可通过贷款发放账户等识别借款人相关消费交易信息 的部分，可按规定享受贴息政策。 贴息范围包括单笔5万元以下消费，以及单笔5万元及以上的家用汽车、养老生育、教育培训、文 化旅游、家居家装、电子产品、健康医疗等重点领域消费。 对于单笔5万元以上的消费，以5万元消费额度为上限进行贴息。政策到期后，可视实施效果研究 延长政策期限、扩大支持 ...

8月12日，为贯彻落实党中央和国务院关于大力提振消费、全方位扩大国内需求的决策部署，财政部等九部门发布了《服务业经营主体贷款贴息政策实施方 案》（以下简称《主体贴息方案》）。 同日，财政部、中国人民银行、金融监管总局还联合印发了《个人消费贷款财政贴息政策实施方案》（以下简称《个人贴息方案》），明确对以下适用对象 进行财政贴息。 8类消费服务业经营主体可获贴息 具体来看，《主体贴息方案》明确对符合以下条件的经营主体贷款进行贴息： 一是由经办银行向餐饮住宿、健康、养老、托育、家政、文化娱乐、旅游、体育8类消费领域服务业经营主体发放。二是在《提振消费专项行动方案》公开 发布之日（2025年3月16日）至2025年12月31日期间签订贷款合同且相关贷款资金发放至经营主体。三是贷款资金合规用于改善消费基础设施和提升服务供 给能力。 在贴息标准方面，《主体贴息方案》表示，对于经办银行向服务业经营主体发放的贷款，财政部门按照贷款本金对经营主体进行贴息，贴息期限不超过1 年，年贴息比例为1个百分点。 此外，在财政分担机制方面，中央财政、省级财政分别承担贴息资金的90%、10%。单户享受贴息的贷款规模最高可达100万元。 《主 ...

【 导读 】 财政部等多部门联合发布贷款贴息政策实施方案，对个人消费贷款、服务业经营主体贷款财政贴息，农行、邮储、浦发、浙 商等银行率先官宣政策 中国基金报记者 马嘉昕 8 月 12 日，为贯彻落实党中央和国务院关于大力提振消费、全方位扩大国内需求的决策部署，财政部等九部门发布了《服务业经营主 体贷款贴息政策实施方案》（以下简称《主体贴息方案》）。 同日，财政部、中国人民银行、金融监管总局还联合印发了《个人消费贷款财政贴息政策实施方案》（以下简称《个人贴息方案》）， 明确对以下适用对象进行财政贴息。 8 类消费服务业经营主体可获贴息 具体来看， 《主体贴息方案》 明确对符合以下条件的经营主体贷款进行贴息： 一是由经办银行向餐饮住宿、健康、养老、托育、家政、文化娱乐、旅游、体育 8 类消费领域服务业经营主体发放。二是在《提振消费 专项行动方案》公开发布之日（ 2025 年 3 月 16 日）至 2025 年 12 月 31 日期间签订贷款合同且相关贷款资金发放至经营主体。三 是贷款资金合规用于改善消费基础设施和提升服务供给能力。 在贴息标准方面， 《主体贴息方案》 表示，对于经办银行向服务业经营主体发放的贷款， ...

Core Viewpoint - The article outlines the implementation plan for the personal consumption loan interest subsidy policy, aimed at boosting consumer spending and supporting economic growth from September 1, 2025, to August 31, 2026 [9][10]. Summary by Sections Policy Content - The subsidy applies to personal consumption loans issued by financial institutions, excluding credit card transactions, that are used for consumption and can be identified through transaction information [10]. - The subsidy covers consumption amounts below 50,000 yuan and includes key areas such as home appliances, automotive purchases, education, and healthcare [3][10]. - For amounts above 50,000 yuan, the subsidy is capped at 50,000 yuan per transaction [3][10]. Subsidy Standards - The annual subsidy rate is set at 1% of the eligible loan principal, with a maximum of 50% of the loan contract interest rate [5][10]. - Each borrower can receive a total subsidy of up to 3,000 yuan, corresponding to a total consumption amount of 300,000 yuan, with a limit of 1,000 yuan for amounts below 50,000 yuan [5][10]. Loan Issuing Institutions - The policy involves six major state-owned banks and twelve national joint-stock commercial banks, along with five other consumer loan issuing institutions [4][11][12]. Implementation Organization - Financial institutions must estimate their loan issuance and subsidy needs within 30 days of the policy's announcement and submit applications for pre-allocation of subsidy funds [13]. - Institutions are responsible for calculating the subsidy amounts based on the policy's guidelines and informing borrowers of the subsidy details [13][14]. Supervision and Management - The Ministry of Finance is tasked with formulating the policy and overseeing the allocation of subsidy funds, while local financial departments are responsible for auditing and disbursing these funds [17][19]. - Financial institutions must ensure compliance with the policy and maintain accurate records of loan usage to prevent misuse of subsidy funds [18][19].

Group 1 - The meeting between China Construction Bank Shandong Branch and Water Development Group focused on deepening strategic trust and expanding green finance cooperation [2][3] - Water Development Group is concentrating on its core business, optimizing its layout, and enhancing technological empowerment in key areas such as water infrastructure, renewable energy, and modern agriculture [3] - China Construction Bank Shandong Branch praised Water Development Group's strategic alignment with national policies on green development and the dual carbon goals, indicating a strong potential for collaboration in financing key projects [5] Group 2 - China Construction Bank Shandong Branch plans to leverage its expertise in project financing, green credit, and comprehensive financial services to support Water Development Group's initiatives in water management, clean energy, and modern agriculture [5] - The collaboration may include traditional credit, asset securitization, equity financing, supply chain finance, and full-process engineering cost supervision and consulting services [5] - Both parties aim to create a mutually beneficial partnership that integrates financial capital with green industries [5]

数据统计显示，中证香港300行业龙头指数近一个月上涨2.67%，近三个月上涨7.96%，年至今上涨 25.30%。 从中证香港300行业龙头指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证香港300行业龙头指数持仓样本的行业来看，可选消费占比22.39%、通信服务占比21.83%、金融 占比21.62%、信息技术占比10.74%、能源占比7.32%、房地产占比3.64%、医药卫生占比3.24%、原材料 占比2.84%、公用事业占比2.72%、主要消费占比2.58%、工业占比1.07%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 金融界8月12日消息，上证指数高开高走，中证香港300行业龙头指数 (HK 行业龙头，H30331)报 2212.65点。 据了解，中证香港300行业龙头指数 ...

8月12日，财政部等九部门联合印发 《服务业经营主体贷款贴息政策实施方案》（以下简称《实施方 案》），对贷款贴息政策支持范围、贴息标准、贷款经办银行、贷款流程、贴息流程和监督管理等进行 了明确。 根据《实施方案》，餐饮住宿、健康、养老、托育、家政、文化娱乐、旅游、体育8类消费领域服务业 经营主体满足条件的贷款可享受贴息政策，贴息期限不超过1年，年贴息比例为1个百分点，单户享受贴 息的贷款规模最高可达100万元。经办银行方面，《实施方案》也明确了名单，包括3家政策性银行、6 家国有行和12家股份行。 8类服务业经营主体可享贷款贴息 根据《实施方案》，必须同时符合以下条件的贷款才可享受贴息政策：一是由经办银行向餐饮住宿、健 康、养老、托育、家政、文化娱乐、旅游、体育8类消费领域服务业经营主体发放。二是在《提振消费 专项行动方案》公开发布之日（2025年3月16日）至2025年12月31日期间签订贷款合同且相关贷款资金 发放至经营主体。三是贷款资金合规用于改善消费基础设施和提升服务供给能力。此外，《实施方案》 还表示，"政策到期后，可视实施效果研究延长政策期限、扩大支持范围"。 在贴息标准上，《实施方案》明确，对于 ...

Core Viewpoint - The article discusses the implementation of a fiscal subsidy policy for personal consumption loans in China, aimed at boosting consumer spending and stimulating domestic demand from September 1, 2025, to August 31, 2026 [2][4][5]. Policy Content - The subsidy applies to personal consumption loans issued by financial institutions, excluding credit card transactions, that are used for consumption and can be verified through loan accounts [6][7]. - Eligible consumption areas include purchases under 50,000 yuan and significant expenditures such as home appliances, automobiles, education, and healthcare [6][7]. - The annual subsidy rate is set at 1% of the loan principal, capped at 50% of the loan contract interest rate, with the central and provincial governments covering 90% and 10% of the subsidy, respectively [7][8]. Loan Processing Institutions - The policy includes six major state-owned banks and twelve national joint-stock commercial banks, as well as five other financial institutions that provide personal consumption loans [8]. Implementation Organization - Financial institutions must estimate their loan issuance and subsidy needs within 30 days of the policy's announcement and submit applications for pre-allocated subsidy funds [9]. - Institutions are responsible for calculating the subsidy amount based on the policy's stipulations and informing borrowers of the subsidy details [9][10]. Supervision and Management - The Ministry of Finance is tasked with formulating the subsidy policy and overseeing the allocation of funds, while the People's Bank of China will ensure compliance with interest rate policies [13][15]. - Local financial departments are responsible for auditing and disbursing subsidy funds, ensuring that the funds are used specifically for consumer loans [15].