黑龙江省资本市场跟踪双周报（2025.7.1-2025.7.13）-20250717

Debt Issuance - Heilongjiang Province plans to issue special bonds totaling 8.9 billion yuan, with a 10-year maturity, to fund government investment projects[3] - In the first half of 2025, Heilongjiang's total government bond issuance reached 104.1 billion yuan, ranking it at a medium level nationally[41] - In June 2025, the total bond issuance was 27.4 billion yuan, including 23.57 billion yuan in general bonds and 3.8 billion yuan in special bonds[41] Market Performance - Heilongjiang sector index increased by 2.59% from July 1 to July 11, 2025, reaching a new high for the year[21] - The top-performing stocks included Hatou Co. (+15.19%), Huadian Energy (+14.53%), and Xiangcai Co. (+13.96%) during the same period[25] - The worst-performing stock was Guangzhi Technology, which fell by 10.53%[26] Economic Indicators - The manufacturing PMI for June 2025 was reported at 49.7%, indicating a slight improvement from the previous month[27] - The consumer price index (CPI) rose by 0.1% year-on-year in June, ending a four-month decline, driven by a rebound in industrial consumer goods prices[31] - The producer price index (PPI) showed an expanded year-on-year decline of 0.3 percentage points in June, reflecting ongoing adjustments in supply and demand dynamics[32]