Monetary Policy and Economic Support - The central bank reported that as of the end of July, the broad money supply (M2) reached 329.94 trillion yuan, with a year-on-year growth of 8.8%. The total social financing stock was 431.26 trillion yuan, growing by 9% year-on-year. In the first seven months, the incremental social financing totaled 23.99 trillion yuan, which is 5.12 trillion yuan more than the previous year. The increase in RMB loans to the real economy was 12.31 trillion yuan, which is a decrease of 694 billion yuan year-on-year [1] - The central bank and four departments elaborated on two interest subsidy policies aimed at boosting consumption, indicating a collaborative effort between fiscal and financial sectors. These policies will be evaluated for effectiveness post-implementation, with potential extensions or expansions considered [1] Industry Regulations - The State Administration for Market Regulation and the Ministry of Industry and Information Technology plan to enhance management of intelligent connected new energy vehicles, emphasizing the need for companies to clearly display safety warnings and usage instructions for combined driving assistance systems to prevent misconceptions about automated driving capabilities [1] - A joint guideline on medical advertising was released by the State Administration for Market Regulation and other departments, imposing strict limitations on the entities allowed to publish medical advertisements, aiming to accurately identify and combat illegal advertising practices disguised as health information [1] Investment and Market Performance - According to the National Development and Reform Commission, 188 billion yuan in long-term special government bonds for equipment upgrades has been allocated, supporting approximately 8,400 projects and driving total investments exceeding 1 trillion yuan [2] - As of August 13, the total market capitalization of A-shares reached 98.48 trillion yuan, reflecting a 14.7% increase from the end of the previous year. The banking, electronics, and pharmaceutical sectors had the highest total market capitalizations, with the pharmaceutical sector rising from fifth to third place due to rapid valuation recovery of innovative drugs [2] - The average return of 6,256 equity funds over the past year was 34.06%, with 99% of the products achieving positive returns, and 54 products doubling their net value [2] Stock Market Movements - On Wednesday, the A-share market saw significant gains, with the Shanghai Composite Index rising for eight consecutive days, reaching its highest level since December 2021. The market turnover expanded to 2.18 trillion yuan, marking the second-highest level of the year [3] - The Hong Kong Hang Seng Index increased by 2.58%, approaching previous highs, with the Hang Seng Technology Index rising by 3.52%, the largest increase in three months. Consumer, pharmaceutical, and technology stocks led the gains, while southbound funds recorded a net sell-off [3] Company Performance - Tencent Holdings reported a 15% year-on-year increase in revenue for the second quarter, reaching 184.5 billion yuan, exceeding market expectations. Net profit grew by 17%, with a 10% increase in adjusted net profit. The gaming business showed strong recovery, with domestic and international revenues increasing by 17% and 35%, respectively [3]
特朗普：若“特普会”顺利 将进行美俄乌三方会晤｜南财早新闻
Sou Hu Cai Jing·2025-08-14 00:31