格隆汇12月18日丨渣打集团(02888.HK)发布公告，2025年12月17日耗资959.68万英镑回购53.77万股，每 股回购价17.65-18.045港元。 ...

FF305 | 1). | 於2025年12月15日購回但尚未註銷 | | 550,430 | 0.0243 % | GBP | 17.6217 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年12月15日 | | | | | | 2). | 於2025年12月16日購回但尚未註銷 | | 537,325 | 0.0237 % | GBP | 17.5175 | | | 變動日期 | 2025年12月16日 | | | | | | 3). | 於2025年12月17日購回但尚未註銷 | | 537,730 | 0.0237 % | GBP | 17.8463 | | | 變動日期 | 2025年12月17日 | | | | | FF305 第 2 頁 共 7 頁 v 1.3.0 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 渣打集團有限公司 呈交日期： 2025年12月18日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易 ...

Core Viewpoint - The dairy industry is undergoing a significant low-carbon transformation, which is essential for its high-quality development and has a profound impact on global dairy emissions reduction efforts. China's dairy sector is becoming a key player in driving the global dairy value chain towards a low-carbon future [1]. Group 1: Industry Transformation and Challenges - The dairy industry faces unprecedented transformation pressures under the "dual carbon" goals, with over 90% of emissions originating from the supply chain, making collaborative carbon reduction across the entire industry chain crucial [1]. - For Mengniu, its extensive supply chain network, which includes farms, suppliers, and logistics partners, generates significant "Scope 3" emissions, posing a core challenge to achieving its strategic goals of carbon peaking by 2030 and carbon neutrality by 2050 [3]. Group 2: Financial Solutions and Innovations - Standard Chartered Bank and Mengniu Group have collaborated to implement a sustainable financial practice, successfully issuing a sustainable offshore RMB bond totaling 3.5 billion RMB, marking a significant step in aligning China's dairy industry with international standards [1][4]. - The issuance of the sustainable bond was supported by a sustainable development financing framework that meets international standards, ensuring funds are directed towards key carbon reduction projects [5]. Group 3: Market Response and Impact - The bond issuance received overwhelming interest, with total orders reaching approximately 39.9 billion RMB, resulting in a subscription multiple of over 11 times, setting records for the lowest interest rates and largest issuance scale for Chinese dairy companies in the offshore RMB bond market [9]. - The final interest rates were set at 2.000% for the 5-year bond and 2.300% for the 10-year bond, establishing a new pricing benchmark for Chinese companies seeking sustainable financing in offshore markets [9]. Group 4: Future Outlook and Collaboration - The successful issuance of the sustainable bond is a critical step for Mengniu in shaping a globally influential sustainable brand image and driving collaborative carbon reduction across its supply chain [10][13]. - As the "dual carbon" goals advance, more companies are expected to accelerate their green transformations, with international financial institutions like Standard Chartered playing a key role in supporting these efforts [13].

Group 1 - Standard Chartered has cut its Bitcoin forecast for 2026 from $300,000 to $150,000 due to slower-than-expected institutional buying through ETFs [1][5][6] - The revised forecast anticipates a 68% gain for Bitcoin over the next year, down from an earlier expectation of 237% [1][10] - The long-term target of $500,000 for Bitcoin remains intact but has been postponed from 2026 to 2030, reflecting a more measured approach to institutional investment [2][5][8] Group 2 - Bitcoin ETFs currently hold approximately $124 billion, with institutions accounting for about 25% of that total [5][7] - Institutional investors are adopting a more cautious strategy, focusing on steady exposure rather than chasing market momentum, which influences price stability [8] - The shift in institutional flows indicates a longer investment horizon, with Bitcoin's growth becoming more gradual and deliberate as speculative excess diminishes [8]

Core Viewpoint - Standard Chartered Bank's Chief Economist for Greater China and North Asia, Ding Shuang, stated that China's "strong RMB policy" has taken shape, aiming to enhance the RMB's status in the international financial system and ultimately make it one of the leading currencies [1][4]. Group 1: RMB Internationalization - The RMB internationalization process is expected to accelerate in the coming years, supported by macro and structural policies from China [4][5]. - China will emphasize innovation-driven growth and improve labor productivity to enhance economic resilience and growth potential [4][8]. - The country plans to strengthen financial infrastructure and expand the use of RMB in international trade, investment, and financing [4][5]. Group 2: Economic Transformation - China's economic strategy has shifted from short-term risk management to long-term economic transformation, focusing on improving labor productivity and fostering new growth engines [8][10]. - The trade surplus for China exceeded $1 trillion in the first 11 months, significantly supporting economic growth, with foreign trade contributing approximately 30% to GDP growth in the first three quarters [8][10]. - The service sector has shown stable growth, maintaining a growth rate of 5% or more [8]. Group 3: Future Economic Outlook - Ding Shuang predicts that global economic growth will reach 3.4% in 2026, with a shift in growth drivers from consumption to investment [11][12]. - Investment in sectors such as artificial intelligence, semiconductors, and integrated circuits is expected to support economic growth [12]. - The U.S. economy is projected to grow by 2.3% in 2026, with inflation levels anticipated to be higher than in 2025 [12].

渣打集团(02888)发布公告，于2025年12月16日，该公司斥资941.26万英镑回购53.73万股股份，每股回 购价17.425-17.645英镑。 ...

格隆汇12月17日丨渣打集团(02888.HK)发布公告，2025年12月16日耗资941.26万英镑回购53.73万股，每 股回购价17.425-17.64港元。 ...

智通财经APP讯，渣打集团(02888)发布公告，于2025年12月16日，该公司斥资941.26万英镑回购53.73万 股股份，每股回购价17.425-17.645英镑。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 渣打集團有限公司 呈交日期： 2025年12月17日 FF305 確認 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | | 證券代號 (如上市) | 02888 | 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | ...

Core Viewpoint - The investment outlook for the Chinese stock market is positive, with expectations of a rebound in earnings growth from a low base in 2025, leading to an upgrade in valuation attractiveness [1] Group 1: Chinese Stock Market - Standard Chartered maintains an overweight position on Chinese stocks, predicting the Hang Seng Index to range between 28,000 and 30,000 points over the next 12 months [1] - If investment sentiment deteriorates or if there is insufficient policy support, the index could drop to a range of 26,000 to 28,000 points [1] - Concerns about asset valuation and potential bubbles in artificial intelligence capital expenditure may increase next year, with volatility being more significant than the bubble debate [1] Group 2: Interest Rates and Economic Outlook - The Federal Reserve is expected to cut interest rates three times next year, with a potential total reduction of 75 basis points by the end of 2026 [1] - The macroeconomic outlook remains favorable for risk assets, supported by anticipated interest rate cuts [1] Group 3: Investment Strategy - The company suggests a diversified investment strategy, recommending an overweight position in gold and global equities while reducing exposure to European (excluding the UK) and Japanese stocks [1] - India is recommended for an overweight position due to its favorable outlook [1] Group 4: Emerging Bonds and Gold - The company is overweight on emerging market bonds, expecting them to outperform developed markets as U.S. 10-year Treasury yields may fall to between 3.75% and 4% over the next 12 months [2] - Gold is anticipated to challenge new highs, with spot gold potentially reaching $4,800 next year as central banks and investors seek alternatives to the dollar [2]