第 1 頁 共 7 頁 v 1.3.0 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9月5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 | | | | | ...

Group 1 - The upcoming U.S. non-farm payroll report is expected to confirm a weak labor market, with an anticipated addition of 75,000 jobs in August, slightly above July's 73,000 [1] - The unemployment rate is projected to rise from 4.2% to 4.3%, marking the highest level since 2021, while average hourly earnings are expected to remain flat month-over-month and slow down year-over-year from 3.9% to 3.7% [1] - A "sweet spot" for job additions is identified between 70,000 and 95,000, which could allow stock investors to overlook a weak report if it supports the rationale for a Federal Reserve rate cut [1][2] Group 2 - There is a concern among market participants regarding whether the labor market is in a "low hiring, low firing" stagnation or showing signs of genuine deterioration, as historical trends indicate that labor market declines can accelerate [2] - The market has fully priced in a 25 basis point rate cut by the Federal Reserve in September, but a significantly lower-than-expected non-farm payroll could reignite expectations for a more aggressive cut [2] - Standard Chartered notes that the median forecast for job additions is 75,000, with a concentration of predictions between 60,000 and 100,000, suggesting that a report showing fewer than 40,000 jobs added could lead to pricing in a 50 basis point cut [2] Group 3 - The unemployment rate's expected rise to 4.3% does not indicate a significant risk of a spike unless job additions are exceptionally weak or the unemployment rate exceeds 4.4% [3] - To eliminate the possibility of a September rate cut, non-farm payrolls would need to exceed 130,000, along with an upward revision of previous figures [3] - The recent weak employment data has led to concerns about government interference in economic statistics, highlighted by the dismissal of the Bureau of Labor Statistics director by President Trump [3] Group 4 - Recent data indicates increasing risks to employment, with the ADP report showing only 54,000 new private sector jobs in August, significantly below expectations, and initial jobless claims rising to 237,000 [4] - Job openings in July fell to 7.18 million, the lowest in ten months, indicating weak labor demand [4] Group 5 - Federal Reserve officials have adopted a more dovish tone, with indications that the labor market is "gradually cooling," and there are no signs of tariffs exacerbating inflation trends [5] - Some officials suggest that a rate cut of around 25 basis points may be appropriate this year, while others warn that continued labor market cooling could necessitate policy changes [5] Group 6 - Market expectations for a rate cut have supported gold prices, with analysts noting potential resistance around $3,560 and a target of $3,600 if new highs are reached [6] - Conversely, if gold prices fall below $3,500, it could indicate a bearish trend, with further declines possible [6] - Economic data surprises, whether positive or negative, could impact stock market performance, with predictions of potential job growth turning negative later in the year [6] Group 7 - Concerns exist that the low expectations for the employment report could lead to stronger-than-expected data, which might push interest rates higher and limit the Federal Reserve's rate cut options [7]

Core Viewpoint - The precious metals market is experiencing volatility driven by expectations of interest rate cuts and uncertainty surrounding economic data, particularly the upcoming non-farm payroll report [1][2][3][4][5][6] Group 1: Market Dynamics - The recent slight decline in precious metals is attributed to profit-taking after previous gains, but overall support remains intact [1] - The U.S. job market shows signs of weakness, with July job openings falling to 7.181 million, below the expected 7.378 million, which raises the probability of interest rate cuts [2][3] - Geopolitical uncertainties and rising global debt levels are contributing to increased risk premiums, positively impacting precious metals [1][3] Group 2: Institutional Insights - Wells Fargo predicts that gold and silver will outperform equities in the coming years, especially in a low-interest-rate environment [4] - Standard Chartered forecasts that the average gold price could rise to $3,700 per ounce in Q4 2023 due to ongoing market uncertainties [5] - The recent acceleration in gold ETF purchases indicates a broadening interest in gold, with significant trading activity noted in the Shanghai Gold Exchange [5][6] Group 3: Technical Analysis - Technical indicators suggest that both gold and silver have entered overbought territory, indicating a potential need for short-term adjustments [2][3] - The market is closely monitoring the upcoming non-farm payroll data, which could significantly influence expectations for the Federal Reserve's monetary policy [6]

Core Points - Côte d'Ivoire has signed its first sustainable loan agreement with Standard Chartered Bank for €433 million (approximately $505 million) [1] - The loan is backed by the World Bank through the International Bank for Reconstruction and Development (IBRD) and the Multilateral Investment Guarantee Agency (MIGA) [1] - The agreement aims to set mandatory targets for renewable energy and reforestation projects by 2030, marking the initiation of Côte d'Ivoire's green financing [1] Loan Structure - The loan follows a "Sustainability-Linked Loan (SLL)" model, where the cost is contingent on the country's ability to meet predetermined sustainability targets [1] - If Côte d'Ivoire exceeds its sustainability goals, the interest rate will gradually decrease; conversely, if targets are not met, the interest rate will increase [1] - The Ministry of Finance will track and verify performance through annual reports using remote sensing and geospatial monitoring technology [1] Development Goals - The government has set two key development objectives: increasing the share of renewable energy (excluding hydropower) in installed capacity from 1% in 2023 to 11% by 2030 [1] - Additionally, the government aims to limit forest cover loss to 300,000 hectares between 2025 and 2030 and to restore 1 million hectares of forest by 2030 [1] - These initiatives align with the sustainability financing framework jointly launched by the Côte d'Ivoire government and the World Bank in July 2025 [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年8月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 渣打集團有限公司 | | | 呈交日期: | 2025年9月4日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 12 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02888 | 說明 | | 普通股指每股面值0.5美元普通股 | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 2,318,108,692 | | 0 | | 2,318,108,692 | | 增加 / 減 ...

智通财经APP讯，渣打集团(02888)发布公告，于2025年9月3日该公司斥资742万英镑回购54.51万股。 ...

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9月4日 第 1 頁 共 7 頁 v 1.3.0 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 。 | 1). | 於2025年9月1日購回但尚未註銷 | | 534,047 | 0.0232 % | GBP | 13.731 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年9月1日 | | | | | | 2). | 於2025年9月2日購回但尚未註銷 | | 536,190 | 0.0233 % | GBP | 13.7519 | | | 變動日期 | 2025年9月2日 | | | | | | 3). | 於2025年9 ...

Core Viewpoint - The U.S. Treasury market is experiencing a surge in bearish bets, with heightened focus on the upcoming employment report that may reinforce expectations for aggressive rate cuts by the Federal Reserve in September [1] Group 1: Market Sentiment and Expectations - A recent JPMorgan survey indicates a significant shift towards bearish positions, with the weekly change in bearish bets being the largest in nearly five years, as 30-year yields approach the 5% mark [1] - The market's sentiment has shifted from expecting dovish moves by the Fed to a more cautious outlook, with the upcoming employment report serving as a critical test for this sentiment [1][4] - If the employment data falls significantly below the expected 75,000 new jobs, it could provide justification for more aggressive rate cuts and pressure bearish investors to adjust their positions [1][4] Group 2: Interest Rate Dynamics - The two-year Treasury yield has dropped to its lowest level since May, reflecting sensitivity to Fed policy expectations, particularly after disappointing employment and layoff reports [2] - While the likelihood of a 50 basis point cut in September is considered low, traders are still hedging against this possibility in the SOFR options market [2] - Recent bearish positions suggest that some traders believe the current economic slowdown is merely a temporary phenomenon, with strong data likely to push yields up faster than weak data can bring them down [2] Group 3: Employment Data Impact - The trajectory of yields in the coming weeks will largely depend on the employment data released on Friday, with any figure below 40,000 new jobs likely to shift market expectations towards a 50 basis point rate cut [4] - To eliminate the possibility of rate cuts, non-farm payroll data would need to exceed 130,000 or show positive revisions [4] Group 4: SOFR Options Activity - Recent activity in SOFR options indicates a strong interest in the 96.00 strike price, with significant inflows into both call and put options, reflecting market positioning ahead of potential rate changes [7][9] - The most active options include a large number of call options at the 96.125 strike price, driven by a substantial build-up of positions in recent weeks [9] Group 5: CFTC Futures Positioning - CFTC data shows that hedge funds have expanded their net short positions in both front-end and back-end futures markets, while asset management firms have increased their long positions [15]

（原标题：渣打集团(02888)9月2日斥资737.31万英镑回购53.62万股） 智通财经APP讯，渣打集团(02888)发布公告，于2025年9月2日斥资737.31万英镑回购53.62万股股份。 ...

相关事件 格隆汇9月3日丨渣打集团(02888.HK)发布公告，2025年9月2日耗资737.31万英镑回购53.62万股。 渣打集团(02888.HK)9月2日耗资737.31万英镑回购53.62万股 渣打集团(02888.HK)9月1日耗资733.29万英 镑回购53.40万股 ...