（文章来源：证券日报） 证券日报网讯 2月12日，粤电力A在互动平台回答投资者提问时表示，汇率波动可一定程度影响公司进 口燃料采购成本，但2025年第四季度公司经营业绩同比改善主要是受上网电量同比增长8%、燃料价格 同比下降、电力市场交易策略优化及公司对成本费用有效管控等因素综合影响。 ...

Group 1 - Central banks are diverging in their monetary policy decisions, with the Federal Reserve pausing rate cuts, the Bank of England maintaining rates, the Bank of Japan signaling potential rate hikes, and the Reserve Bank of Australia opting for rate increases [1] - This divergence reflects differences in economic cycles, inflation structures, and financial stability goals across countries, indicating a shift from synchronized tightening to differentiated monetary policies [1] - The UK is maintaining high rates to solidify inflation reduction, Japan is transitioning from ultra-loose policies while focusing on wage and inflation expectations, and Australia is sensitive to housing prices and labor markets, which may drive further rate hikes if inflation remains sticky [1] Group 2 - The divergence in central bank policies will first manifest in exchange rates, with central banks inclined to raise rates seeing their currencies strengthen, while those considering rate cuts may face currency depreciation [2] - High-interest rate markets will attract capital for longer durations, increasing outflow pressures on emerging or low-interest rate economies [2] - Stronger currencies may pressure exports and make imports cheaper, while weaker currencies can provide price advantages for exports but lead to imported inflation [2] Group 3 - Potential risks include recurring inflation due to geopolitical conflicts and price volatility in energy and food, which may prolong high interest rates [3] - Prolonged tight monetary policy could trigger credit events and expose risks in real estate or local financing platforms, necessitating a policy shift [3] - Significant differences in the pace of major central banks' policies could lead to renewed volatility in exchange rates and capital flows [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 ALTUS HOLDINGS LIMITED 浩德控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8149） 截至二零二六年三月三十一日止財政年度第三季度最新營運情況 本公告乃由浩德控股有限公司（「本公司」）及其附屬公司（統稱「本集團」）根據香 港聯合交易所有限公司（「聯交所」）GEM證券上市規則第17.10(2)(a)條及證券及 期貨條例（「證券及期貨條例」）第XIVA部項下的內幕消息條文作出。 本公司董事（「董事」）會（「董事會」）謹此提供下列本集團截至二零二六年三月三 十一日止財政年度第三季度（「二零二六財政年度第三季度」）的最新營運情況。 於二零二六財政年度第三季度，本集團錄得企業融資、資產管理及其他諮詢服務 收入5.5百萬港元，較去年同期減少6.3%。企業融資及其他諮詢服務收入乃於已根 據服務協議條款提供相關服務及╱或完成相關重大行動從而達成協定的賬單里程 碑時確認。因此，各期間的收 ...

（文章来源：证券日报） 证券日报网讯 2月11日，荣盛石化在互动平台回答投资者提问时表示，公司原油等主要原材料进口以美 元结算为主，人民币兑美元升值有助于降低采购成本，对公司经营产生积极影响。公司将持续强化外汇 风险管理，积极应对汇率波动，保障公司稳健经营。 ...

每经AI快讯，有投资者在投资者互动平台提问：请问假设2026年相较于2025年其他因素保持不变，在 人民币相对美元汇率增值1%的情况下，能对贵公司净利润增加多少？ （文章来源：每日经济新闻） 荣盛石化（002493.SZ）2月11日在投资者互动平台表示，您好，感谢您对公司的关注！公司原油等主要 原材料进口以美元结算为主，人民币兑美元升值有助于降低采购成本，对公司经营产生积极影响。公司 将持续强化外汇风险管理，积极应对汇率波动，保障公司稳健经营。谢谢！ ...

Core Viewpoint - The French wine and spirits export sector is facing significant challenges, with exports to the U.S. projected to fall below 30 million cases by 2025, resulting in a 21% decrease in export value to €3 billion due to geopolitical tensions, trade disputes, and currency fluctuations [1] Group 1: Export Challenges - The main reason for the pressure on exports to the U.S. is the tariff policies implemented by the U.S. government [1] - Currency fluctuations have led to price volatility of up to 25% for related products, significantly impacting sales [1] Group 2: Trade Agreements and Market Expansion - The president of the French Wine and Spirits Exporters Federation, Gabriel Picard, has called for the acceleration of trade agreements, including the EU-Mercosur free trade agreement, to expand market opportunities [1] - Currently, the French government opposes the ratification of this agreement, and the European Parliament has submitted the matter for review by the EU Court [1] Group 3: Industry Performance - Last year, both the export value and volume of French wine and spirits declined [1] - Despite being the third-largest source of trade surplus for France, the industry's contribution to the overall trade surplus is weakening [1]

Core Insights - Investors are experiencing losses upon maturity of their dollar deposits due to declining interest rates and currency fluctuations [1][2][4] - The current one-year dollar deposit interest rate is around 3%, down from approximately 4% at the beginning of last year, reducing the attractiveness of dollar deposits [1][3] - The depreciation of the dollar against the yuan and increased exchange costs are significant factors contributing to these losses [2][4] Interest Rate Trends - The dollar deposit interest rates have decreased significantly, with one-year rates stabilizing around 3%, a drop of about 1 percentage point from last year's rates [3][4] - Different banks offer varying rates based on deposit amounts, with some banks providing rates as low as 2.5% for shorter terms [3] Currency Exchange Risks - The fluctuation of the exchange rate poses a critical risk, as a stronger yuan can lead to substantial losses when converting dollar deposits back to yuan [2][4] - Investors are advised to be cautious of exchange rate movements and associated costs, which can erode actual returns [5] Market Outlook - The dollar deposit market faces dual uncertainties from both interest rates and exchange rates, influenced by the Federal Reserve's monetary policy and the performance of yuan-denominated assets [4][5] - Future trends in dollar deposit rates are expected to continue downward, largely dependent on the Federal Reserve's actions [4]

Core Viewpoint - The offshore Chinese yuan (CNH) against the US dollar closed at 6.9412, reflecting a decline of 61 points from the previous trading day, with trading occurring within the range of 6.9290 to 6.9434 [1] Summary by Relevant Sections - **Exchange Rate Movement** - The offshore yuan approached significant resistance levels, nearing the top of 6.9168 reached on May 10, 2023, and the top of 6.8963 from May 4, 2023, as well as the peak of 6.6975 observed on January 16, 2023 [1]

Core Viewpoint - South Korea's foreign exchange reserves have declined for the second consecutive month due to measures taken to stabilize the foreign exchange market, with the reserves amounting to $425.91 billion at the end of January, a decrease of $21.5 billion from the previous month [1][3]. Group 1: Foreign Exchange Reserves - As of the end of January, South Korea's foreign exchange reserves stood at $425.91 billion, down from $428.41 billion at the end of December, marking a decrease of $21.5 billion [1][3]. - The decline follows a previous drop of $26 billion at the end of December, indicating a trend of decreasing reserves over the past two months [1][3]. - The reserves had previously reached a five-year low of approximately $404.6 billion at the end of May last year, before experiencing six months of growth until November [1][3]. Group 2: Causes of Decline - The decrease in foreign exchange reserves is attributed to the significant depreciation of the Korean won since November, prompting the Bank of Korea to implement measures to manage exchange rate volatility [1][3]. - A Bank of Korea official noted that the reduction in reserves was primarily due to operations related to the National Pension Service and foreign exchange swaps aimed at market stabilization [1][3]. Group 3: Asset Composition - The composition of South Korea's foreign exchange reserves includes $377.52 billion in securities such as government and corporate bonds, which increased by $63.9 billion [1][3]. - Deposits decreased by $85.5 billion, bringing the total to $23.32 billion [1][3]. - The International Monetary Fund (IMF) Special Drawing Rights (SDR) remained unchanged at $15.89 billion, while gold reserves were stable at $4.79 billion, as they are valued at purchase price rather than current market price [1][3].

Core Viewpoint - The market is currently stable with major currency pairs showing little movement, while key economic data and events are expected to influence market dynamics in the near term [1][2]. Economic Data Summary - Key economic data to be released includes: - China's January RatingDog Manufacturing PMI - UK's January Nationwide House Price Index month-on-month - Switzerland's December actual retail sales year-on-year - Eurozone and major economies' January Manufacturing PMI final values, including France, Germany, the UK, and the Eurozone - US's January S&P Global Manufacturing PMI final value and January ISM Manufacturing PMI [1][7]. Currency Pair Analysis - **US Dollar Index (DXY)**: Currently in a consolidation phase with balanced bullish and bearish forces, showing a price near the middle Bollinger Band [3]. - **GBP/USD**: Slight increase observed, trading within a narrow range, with potential resistance at 1.3710 [3]. - **EUR/USD**: Continued upward trend, reaching levels not seen since 2021, but showing signs of overbought conditions [4]. - **USD/JPY**: Experiencing a rebound from recent lows, but facing limitations due to interest rate differentials and potential interventions [4]. Geopolitical and Market Events - Notable geopolitical events include: - US-Iran negotiations potentially taking place in Turkey - Statements from the US House Speaker regarding confidence in ending parts of the government shutdown - Upcoming trilateral talks involving Ukraine, the US, and Russia [5][6][7].