每日投资策略-20250627

Group 1: Market Overview - The Hong Kong stock market is under pressure due to the weakening of the Hong Kong dollar, which has prompted the Hong Kong Monetary Authority to buy HKD 9.42 billion to stabilize the currency [3] - The Hang Seng Index experienced a decline of 149 points or 0.6%, closing at 24,325, while the National Index and Technology Index also fell by 0.6% and 0.3% respectively [3][4] - The trading volume in the market exceeded HKD 261.7 billion, marking the highest turnover in a week and a half [3] Group 2: Economic Policies and Predictions - The National Development and Reform Commission (NDRC) announced the release of the third batch of funds for the consumption upgrade program in July, emphasizing a focus on sustainability and balance in policy implementation [7] - Recent forecasts from the World Bank and OECD have downgraded global economic growth predictions, while several international investment banks have raised their forecasts for China's economic growth [8] - The NDRC is confident in its ability to mitigate external uncertainties and promote sustained economic development, supported by a special bond fund of RMB 200 billion for equipment upgrades [8] Group 3: Real Estate Market - The Hong Kong property price index rose by 0.03% in May, marking two consecutive months of increase, although it still reflects a year-on-year decline of 6.19% [10] - The rental index for private residential properties increased by 0.67% in May, continuing a six-month upward trend, with a year-on-year increase of 2.74% [10] Group 4: Company News - Xiaomi Group's first SUV model, YU7, has completed road tests covering 6.49 million kilometers across 296 cities, with plans for full vehicle testing to begin in early 2024 [12] - Junsheng Tai Pharmaceutical announced a placement of up to 60 million shares at HKD 2.21 each, aiming to raise HKD 133 million for clinical development and commercialization of pipeline products [13] - SF Holding plans to raise a total of HKD 5.9 billion through a share placement and convertible bonds, with proceeds intended to enhance international logistics capabilities and optimize capital structure [14]