陆家嘴财经早餐2025年7月1日星期二

Economic Indicators - In June, China's manufacturing, non-manufacturing, and composite PMI were 49.7%, 50.5%, and 50.7%, respectively, showing an increase of 0.2, 0.2, and 0.3 percentage points from the previous month [2] - The steel industry PMI in June was 45.9%, down 0.5 percentage points month-on-month, marking two consecutive months of decline [12] - The top 100 real estate companies in China reported a total sales of 183.64 billion yuan in the first half of the year, a year-on-year decrease of 11.8% [12] Market Performance - The A-share market showed resilience with the Shanghai Composite Index rising 2.8% year-to-date, while the Shenzhen Component Index and ChiNext Index both increased around 0.5% [3] - The Hong Kong market performed well, with the Hang Seng Index up 20% year-to-date, ranking third among major global indices [3] - In the first half of 2025, 163 public fund institutions conducted research on 1,943 A-share listed companies, with a total of 40,093 research instances [8] Policy Developments - The Ministry of Finance, State Taxation Administration, and Ministry of Commerce announced a tax credit policy for foreign investors using profits from domestic companies for direct investment in China, allowing a 10% tax credit on the investment amount [2] - The Shenzhen Stock Exchange released standards for "light asset, high R&D investment" recognition for companies, allowing over 200 companies in strategic emerging industries to have more flexible financing options [2] Corporate Actions - Citic Securities received approval to issue up to 30 billion yuan in perpetual subordinated bonds [10] - Longi Green Energy plans to raise 1.08 billion yuan for its high-efficiency monocrystalline battery project [10] - The Hong Kong-based New World Development secured a refinancing agreement covering approximately 88.2 billion Hong Kong dollars of existing unsecured financial debt [8]