近日，国家金融监督管理总局广东监管局正式核准韩丽担任南洋商业银行（中国）有限公司（下称"南洋商业银 行"）广州分行副行长的任职资格。 综合南洋商业银行公告内容，2024年，南洋商业银行因"业务调整"关闭了包括广州天河支行在内的多家支行。有 业内专家指出，目前，外资银行在内地发展正处于深度战略调整期，部分外资银行或许正通过优化人力资源配置 和调整业务布局，以适应市场变化和提升运营效率。 官网信息显示，南洋商业银行于1949年12月14日由庄世平先生创办于香港。1982年，南洋商业银行在深圳经济特 区开设分行，成为新中国成立后第一家在内地经营的外资银行。 2007年12月14日，南洋商业银行将其在内地的分行改制为外商独资银行，成立南洋商业银行（中国）有限公司， 总部设于上海，并在北京、上海、广州、深圳等地设有分支行，目前网点数量已达到17家分行16家支行。2016年5 月30日，中国信达完成收购南洋商业银行全部已发行股份，南洋商业银行成为中国信达全资附属子公司。 据南洋商业银行公告显示，2024年12月31日南洋商业银行广州天河支行停止对外营业，这也是2024年南洋商业银 行关闭的第5家支行。 此外，南洋商业银行 ...

据越南通讯社：1月至5月越南外资流入达89亿美元，同比增长7.9%。 ...

Group 1 - The Hong Kong IPO and secondary market are experiencing significant activity, attracting global attention, with 28 companies successfully listed and raising a total of HKD 77.32 billion as of May 30, nearing last year's total [1] - Notable companies such as CATL, Hengrui Medicine, and Chifeng Jilong Gold have seen high participation from cornerstone investors, performing well post-listing [1][5] - The consumer and technology sectors are showing clear advantages, with companies like Gu Ming and Mixue Group recently listing on the Hong Kong stock exchange [4][5] Group 2 - The pharmaceutical sector is also witnessing a surge in listings, with Hengrui Medicine achieving a dual listing on May 23, and its stock price increasing by 25.20% on the first day [7] - Since the reforms in 2018, Hong Kong's liquidity and growth have improved, with the average daily trading volume in 2025 being 2.8 times that of 2018 [7] - International funds are returning to Hong Kong, with sovereign wealth funds from the Middle East and Northern Europe increasing their holdings in Chinese assets, making Hong Kong a core channel for allocating quality equity assets in Asia [7][8] Group 3 - The market is undergoing structural changes, with a significant increase in A-share companies choosing to list in Hong Kong, as evidenced by 12 new "A+H" applications in Q1 2025 compared to only 2 in Q4 2024 [9] - Analysts believe that the valuation framework in Hong Kong is being reshaped, with the technology and consumer sectors now accounting for a significant portion of the market capitalization [9] - Companies are encouraged to highlight their core competencies and unique value propositions to attract higher issuance valuations, as seen with CATL's narrative of "technology iteration + global capacity + zero-carbon ecosystem" [9] Group 4 - CITIC Securities predicts that AI and market structure narratives will drive a continued rebound in Hong Kong stocks in the second half of the year, despite potential impacts from tariff policies [10] - The outlook for the third quarter suggests a trend of upward fluctuations, while the fourth quarter may see performance upgrades due to domestic growth policies and the catalytic effects of the AI industry [10]

端午节假期的第一天，A股市场迎来了一则重磅消息，摩根士丹利（大摩）突然发表声明，将中概念股的评级上调至"与大牛市同步"。这一举动迅速引发了 市场的广泛关注，并无疑将在节后对A股市场产生深远影响。 摩根士丹利的乐观言论对A股和港股无疑是一个积极的信号。该机构的国际声誉使得其每一次的市场预测都具有极高的参考价值。尤其在目前经济复苏的背 景下，摩根士丹利的唱多势必会引导其他外资机构的投资决策，进而推动更多资金流入中国市场。 摩根士丹利作为全球知名的投资机构，其动向通常对市场产生巨大影响。这次的声音不仅为中概念股带来了巨大的市场关注，还可能通过吸引更多外资的涌 入，进一步推高中概念股的表现，进而为整体A股市场带来积极的促进作用。 摩根士丹利的乐观态度：外资涌入中国市场 在刚刚进入端午节假期时，摩根士丹利发布了对中概念股的乐观评估，将其评级上调至"与大牛市同步"。这一变化引起了市场的广泛讨论，相关信息迅速在 各大平台传播开来。根据摩根士丹利的分析，A股和港股市场都有潜力迎来更多外资的流入，特别是港股市场的前景被看好。大摩为此列出了三个关键信 号： 1. 大摩意外唱多A股和港股。这不仅仅是对A股和港股的乐观预测，更具有深 ...

还有专注于半导体行业分析的SemiAnalysis的全部分析报告： 星球中每日还会更新Seeking Alpha、Substack、 stratechery的精选付费文章， 现在星球中领券后只需要 390元，即可每天都能看到上百篇外资顶尖投行科技行业的分析报告和每天的精选报告，无论是我们自 己做投资，还是对行业有更深入的研究，都是非常值得的。 想要看外资研报的同学，给大家推荐一个星球，在星球中每天都会上传几百篇外资顶尖投行的原文研 报：大摩、小摩、UBS、高盛、Jefferies、HSBC、花旗、BARCLAYS 等。 ...

Core Viewpoint - India has agreed to exempt Saudi Arabia's Public Investment Fund from certain foreign investment regulations, indicating a strengthening of economic ties between the two nations [1] Group 1 - The exemption allows the Saudi Public Investment Fund to invest more freely in Indian markets, potentially leading to increased foreign direct investment [1] - This move is seen as a strategic partnership that could enhance bilateral trade and investment opportunities [1] - The decision reflects India's ongoing efforts to attract foreign capital and boost its economy [1]

Group 1 - The Chengdu International Cooperation Conference aims to discuss cooperation opportunities and address development challenges faced by foreign enterprises [1] - Chengdu's foreign direct investment (FDI) reached $1.671 billion in 2024, ranking first among central and western cities, with a year-on-year growth of 59.89% in the first four months of 2024 [2] - Chengdu is implementing a dual-driven foreign investment policy system focusing on optimizing the business environment and fostering innovation [2] Group 2 - Companies raised specific development challenges during the "on-site consultation" session, including high export transportation costs and difficulties in obtaining safety production permits [3][4] - Walmart plans to open a new Sam's Club in Wuhou District in 2024, and the Chengdu Commerce Bureau is exploring support policies for new registrations [4] - The Chengdu Investment Promotion Bureau emphasizes the importance of effective communication between government and enterprises to enhance problem-solving and service quality [4]

Group 1 - The A-share market opened lower on May 29, with the CSI A500 index initially declining but then rebounding [1] - The A500 index ETF (159351) fell by 0.41%, while stocks like Zhangqu Technology rose over 8% [1] - The A500 index ETF has seen a net inflow of nearly 200 million yuan on May 29, marking seven consecutive trading days of inflows, totaling over 650 million yuan [1] Group 2 - The A500 index ETF closely tracks the CSI A500 index, which selects 500 stocks representing strong market capitalization across various industries [1] - According to Zhongtai Securities, there is an expectation of a turning point in foreign capital allocation to A-shares, benefiting from global capital rebalancing [1] - The performance of RMB assets has been superior this year, with AH shares outperforming US stocks, and the RMB remaining stronger than the USD [1] Group 3 - Everbright Securities indicates that ongoing policy support and the resulting profit effect will likely enhance market valuations [2] - The current valuation of the A-share market is near the average since 2010, with potential for further increases due to policy initiatives and inflows from profit-taking [2] - The focus for investment should be on technology growth and consumer sectors [2]

证券研究报告 策略 港股重估下 A 股定价如何演绎? 华泰研究 2025年5月29日|中国内地 专题研究 来自宁德时代港股上市的思考 -- 估值体系的国际化接轨 去年以来,美的集团、宁德时代为代表的一批A股优质标的赴港二次上市, 吸引了全球投资者的关注。5月20日,宁德时代港股上市,募资总额达410 亿港元,其中基石投资者认购占比近 50%,截至最新交易日仍较 A 股存在 大幅溢价,反映了国际资本对国内稀缺性资产的高度认可。我们认为,当前 A 股核心资产在全球 PB-ROE 视角下仍低估,且外资配置力度处于相对低 位,随着全球资金在美元和非美资产间 "再平衡",外资在港股对核心资产 进行的系统性重估,或对Ａ股形成正向传导机制,带动核心资产估值修复。 近期龙头企业赴港二次上市提振 A 股表现 2024年以来,港股IPO市场呈现回暖态势,且由于部分大体量内地龙头赴 港二次上市,慕资规模甚至超过Ａ股市场。其中,美的集团/赤峰黄金/宁德 时代/恒瑞医药等行业龙头基石投资者认购占比较高,港股二次上市后表现 较强,甚至出现 AH 溢价的倒挂,并通过流动性外溢等传导至对应 A 股和相 关板块的上涨。复盘来看,通常港股二次上 ...

Core Viewpoint - The establishment of the Beijing CBD Foreign Investment Comprehensive Service Station marks a significant step in enhancing Beijing CBD's role as a global resource allocation hub, aiming to facilitate foreign enterprises' entry into China [1][2]. Group 1: Service Station Functions - The service station will address various needs of foreign enterprises entering China, providing comprehensive services such as site visits, one-on-one consultations, policy interpretations, business registration, administrative services, and meeting support [2]. - It will serve as a platform for foreign enterprises to express their demands and receive support, thereby optimizing the service experience for foreign businesses [2]. Group 2: Economic Impact - Over the past five years, foreign investment institutions in Beijing CBD have contributed over 40% of the total tax revenue in the functional area [2]. - Currently, there are nearly 16,000 foreign investment institutions in the CBD, including 122 regional headquarters of multinational companies [2]. Group 3: Strategic Importance - The service station is a practical implementation of national strategies and a result of collaborative efforts between municipal and district governments [2]. - Beijing CBD aims to enhance its integrated and specialized services for foreign enterprises, creating a more favorable and convenient business environment to attract further foreign investment [2].