港股，重大变革！明日生效

Group 1: Market Updates - Hong Kong Stock Exchange announced a reduction in the minimum price fluctuation for stocks priced between HKD 10 to 20 and HKD 20 to 50, effective August 4, 2025, which will lower trading costs and enhance efficiency [2] - The People's Bank of China emphasized the continuation of a moderately loose monetary policy, aiming to maintain ample liquidity and support the real economy [3] - The U.S. non-farm payroll data for July showed a significant miss, with only 73,000 jobs added, below the expected 100,000, and previous months' data were revised downwards by a total of 258,000 jobs [4] Group 2: Regulatory Changes - The Ministry of Finance and the State Taxation Administration announced that starting August 8, 2025, interest income from newly issued government bonds will be subject to value-added tax, while previously issued bonds will remain exempt until maturity [6] - The State Administration for Market Regulation released guidelines to standardize the charging behavior of online trading platforms, including fees for commissions and services [7] Group 3: Industry Insights - OPEC+ agreed to increase oil production by 548,000 barrels per day starting in September, with a further evaluation of the production increase plan scheduled for December [8] - Berkshire Hathaway reported a 4% year-on-year decline in operating profit for Q2, amounting to USD 11.16 billion, attributed to adverse effects from U.S. government trade policies [9] Group 4: Market Strategies - Everbright Securities indicated that Chinese assets remain attractive, with a market style likely to favor cyclical sectors in August [15] -招商策略 projected that the market may experience fluctuations in early August but could return to an upward trend later in the month, potentially reaching new highs [16] - Galaxy Securities forecasted that the market will maintain a high-level fluctuation in August, focusing on structural allocation opportunities [17]