每日投资策略：恒指收跌347点，科指连跌五日-20250731

Group 1: Market Overview - The Hang Seng Index closed down 347 points or 1.4%, ending at 25,176, while the Hang Seng Tech Index fell 2.7% to 5,490 [3][4] - The total trading volume for the day was 319.65 billion [3] - Northbound capital inflow was 11.71 billion [3] Group 2: Company Performance - HSBC Holdings reported a 27% decline in pre-tax profit, with its stock price dropping 3.8% to 96.95 [4] - Hang Seng Bank's mid-term profit decreased by 30%, leading to a 7.4% drop in its stock price to 113.8 [4] - Prada's mid-term profit increased by 0.6% to 386 million euros, with revenue rising by 7.51% to 2.74 billion euros [12] - CATL's mid-term profit rose by 33% to 30.51 billion yuan, with revenue increasing by 7.27% to 178.89 billion yuan [14] - Sinopec Oilfield Services won a pipeline project worth approximately 3.597 billion yuan, representing 4.44% of its projected 2024 revenue [15] Group 3: Regulatory and Economic Developments - The Hong Kong government released a report highlighting the advantages of its business environment, emphasizing its role in attracting global investment [7] - The Hong Kong Financial Development Bureau welcomed the government's report, underscoring Hong Kong's unique position as a leading international financial center [8] - The China Interbank Market Dealers Association announced new regulations to curb pricing distortions in bond underwriting, effective from August 11 [9] - The Chinese government plans to allocate approximately 90 billion yuan for childcare subsidies, with applications opening in late August [10]