信达国际控股港股晨报-20250818

Market Overview - The Hang Seng Index is expected to challenge the 26,000 point mark due to stable economic performance in mainland China and a lack of willingness to implement further economic stimulus measures [1] - The agreement between China and the US to extend the tariff truce and the active trading in Hong Kong stocks contribute to a positive risk appetite [1] - The upcoming earnings reports from major technology stocks could provide momentum for the market [1] Macro Focus - In July, industrial production, consumption, and fixed asset investment in mainland China all showed signs of slowing down, with fixed asset investment reaching a five-year low [2][7] - The People's Bank of China is implementing a moderately loose monetary policy to support economic growth [7] - Hong Kong's GDP growth for Q2 was 3.1%, maintaining the annual growth forecast at 2% to 3% [7] Company News - China Hongqiao's mid-term profit increased by 35% to 12.4 billion RMB, exceeding expectations [2] - Standard Chartered's stock price fell due to allegations from US lawmakers [3] - Huahong Semiconductor plans to acquire Huahong Microelectronics, with A-shares suspended from trading [3] Sector Highlights - The mobile device sector is anticipating the launch of Apple's iPhone 17 on September 9 [6] - The biopharmaceutical sector is benefiting from adjustments in commercial insurance for innovative drugs [6] - The humanoid robotics sector is seeing accelerated adoption due to new product launches at the World Robot Conference [6] International Market Insights - The US Federal Reserve maintained interest rates, indicating a cautious approach towards future rate cuts due to high inflation uncertainty [3] - The US retail sales in July increased by 0.5%, marking the tenth consecutive month of growth [8] - The consumer confidence index in the US unexpectedly declined in August, reflecting concerns over tariffs [8] Investment Trends - Significant inflow of capital from mainland investors into Hong Kong stocks, with net purchases reaching a historical high of 35.9 billion HKD [7] - The overall investment sentiment remains positive, driven by low valuations in Hong Kong stocks and the rise of technology companies [7]