韩国财政部：如有需要，韩国将在下半年进一步发行外汇稳定债券。 ...

Core Viewpoint - The article discusses the fluctuations in currency exchange rates, particularly focusing on the performance of the US dollar against various currencies, highlighting a decline against the Japanese yen and mixed movements against European currencies [1]. Currency Performance Summary - The US dollar depreciated by 0.56% against the Japanese yen, closing at 144.42 yen, with a trading range of 145.27 to 143.75 yen during the day [1]. - The euro fell by 0.20% against the yen, while the British pound decreased by 0.09% against the yen [1]. - Conversely, the euro appreciated by 0.38% against the US dollar, and the British pound rose by 0.46% against the US dollar [1]. - The US dollar strengthened against the Swiss franc by 0.55% [1]. - Among commodity currencies, the Australian dollar increased by 0.51% against the US dollar, and the New Zealand dollar rose by 0.34% against the US dollar, while the US dollar fell by 0.62% against the Canadian dollar [1]. - The Swedish krona declined by 0.19% against the US dollar, while the Norwegian krona appreciated by 0.52% [1]. - The Danish krone increased by 0.35% against the US dollar, and the Polish zloty rose by 0.59% against the US dollar [1].

Core Viewpoint - The company is convening its second extraordinary general meeting of shareholders in 2025 to discuss several key proposals related to financing, transactions, and risk management following a significant asset restructuring [1][4]. Group 1: Daily Related Transactions - The company plans to increase the estimated amount for daily related transactions in 2025, which includes procurement of materials, equipment, and services from related parties, such as diesel, industrial gases, and software services [1][6]. - The total estimated amount for these daily related transactions is projected to be 142.9 million RMB, with actual transactions amounting to approximately 26.94 million RMB [5][6]. Group 2: Borrowing Proposal - The company intends to apply for a new borrowing limit of up to 15 billion RMB from its controlling shareholders and related parties to support daily operations and the development of newly acquired assets [6][8]. - This borrowing will have a maximum interest rate not exceeding the Loan Prime Rate (LPR) and will not require any form of guarantee [7][8]. Group 3: Guarantee Plan - A new guarantee plan is proposed with a total limit of 30 billion RMB for 2025, aimed at supporting the daily operations of the company and its subsidiaries [8][9]. - The guarantees will be exclusively for subsidiaries within the consolidated financial statements and will not involve related parties or joint ventures [9][10]. Group 4: Comprehensive Credit Facility - The company seeks to apply for a comprehensive credit facility of up to 50 billion RMB and 200 million USD to ensure smooth operations and reduce financing costs [12][13]. - This facility will cover various financial services, including loans and trade financing, with the final amount subject to approval by financial institutions [13]. Group 5: Foreign Exchange Derivatives - The company plans to engage in foreign exchange derivatives trading to mitigate risks associated with currency fluctuations, with an estimated maximum balance of 1 billion USD [14][15]. - This initiative is aimed at stabilizing the company's financial operations without speculative intentions [15]. Group 6: Entrusted Financial Management - The company proposes to conduct entrusted financial management with a maximum daily balance of 500 million RMB to enhance investment returns while ensuring operational safety [16]. - The management will be authorized to implement this plan within the approved limits and timeframe [16].

英国央行行长贝利：（被问及英镑走强）外汇市场的变动并非基于对利率的投机。 ...

Core Viewpoint - A significant number of foreign exchange options are set to expire on June 26, 22:00 Beijing time, with 13 strike prices having large orders exceeding 1 billion [1] Group 1: Euro to USD Options - A total of 67 billion euros in options are set at a strike price of 1.1600 [3] - Other notable strike prices include 54 billion euros at 1.1700 and 14 billion euros at 1.1625 [3][4] - Smaller amounts include 12 billion euros at 1.1525 and 8.34 billion euros at 1.1550 [3] Group 2: USD to JPY Options - Options worth 14 billion USD are set at a strike price of 143.00 [3] - An additional 10 billion USD is set at 147.00 [3] Group 3: Other Currency Pairs - The USD to CAD options include 9.1 billion USD at a strike price of 1.3715 and 18 billion USD at 1.3800 [4] - For AUD to USD, there are 27 billion AUD at a strike price of 0.6500 [4] - The EUR to GBP options include 4.78 billion euros at a strike price of 0.8560 [4]

Group 1 - The Central Bank of Taiwan has requested foreign investors to withdraw speculative bets on the New Taiwan Dollar (TWD) through ETFs, indicating a crackdown on such activities [1] - The strategy employed by foreign investors involves buying both Taiwanese stock ETFs and inverse ETFs, which allows them to profit from market declines while betting on the appreciation of the TWD [1][2] - The holdings of foreign investors in Taiwan's largest inverse stock ETF have surged to 914.7 million shares, an increase of over 90 times since the beginning of the year [2] Group 2 - The TWD has appreciated by 12% against the US dollar this year, with a significant single-day increase recorded last month, the largest since 1980, posing risks to the export-oriented economy [2] - A regulatory framework exists to limit speculative behavior by foreign investors, requiring that their holdings in any single inverse ETF remain below 30% to prevent currency manipulation [5] - The Central Bank can influence onshore banks through "window guidance," but has limited direct control over offshore investors [5]

Core Viewpoint - TSMC is injecting $10 billion into its overseas subsidiary to hedge against currency risks, marking its largest capital operation to date aimed at reducing foreign exchange hedging costs and enhancing capital flexibility in managing currency risks [1][3]. Group 1: Capital Injection Details - TSMC Global Ltd. has approved a plan to issue new shares worth $10 billion to its parent company, aimed at increasing capital to lower foreign exchange hedging costs [1]. - This capital injection is primarily for general investments, including bank deposits and bonds, and is intended to transfer TSMC's foreign exchange holdings to its subsidiary [3]. - This marks TSMC's third similar operation since 2024, with the scale significantly exceeding previous injections, all occurring during periods of New Taiwan Dollar appreciation [3]. Group 2: Currency Risk Management - The capital injection will provide TSMC Global with greater capital flexibility to manage currency risks, particularly in light of the recent strengthening of the New Taiwan Dollar [3]. - The strengthening of the New Taiwan Dollar has raised concerns about the export-oriented economy of Taiwan, impacting TSMC's operating profit margins by several percentage points [2][7]. - TSMC's CEO has indicated that the strong local currency has directly affected the company's commercial performance, highlighting the impact of currency fluctuations on profitability [7]. Group 3: Market Context - The New Taiwan Dollar has recently shown strong performance, with significant fluctuations leading to increased hedging costs, reaching the highest implied volatility levels since 2011 [4]. - The appreciation of the New Taiwan Dollar negatively affects Taiwanese exporters, as it reduces the amount of local currency received from overseas sales or necessitates higher prices abroad, risking demand decline [7].

金十数据整理：每日全球外汇市场要闻速递（6月26日） 美元： 1. 华尔街日报：特朗普考虑提前任命下一任美联储主席，以削弱鲍威尔的影响力。 2. 摩根士丹利：预计美联储将在2026年进行7次降息，从3月开始，最终利率将降至2.5%至2.75%。 3. 鲍威尔：关税为一次性影响可能成为基本预期，但需要谨慎应对；通胀预期已较今年四月略有下降； 在货币政策决策中不考虑联邦债务问题；稳定币行业已逐步成熟。 4. 柯林斯：当前是保持耐心和谨慎的时机。今年晚些时候可能降息，但取决于关税影响。由于关税措 施，核心个人消费支出通胀预计到年底将超过3%。 其它： 1. 泰国央行：以6比1的投票结果决定维持利率不变。 5. 瑞典央行会议纪要：行长特登称正发出有必要进一步降息的信号，但强调信号不应被过度解读。 2. 消息人士：日本政府将考虑下调今年经济增长预估。 3. 新西兰ASB银行：现在预计新西兰联储官方现金利率将降至3%的低点。 4. 西太平洋银行首席经济学家Luci Ellis：将澳洲联储降息预测提前至7月。 ...

1 证券代码：300643 证券简称：万通智控 万通智控科技股份有限公司投资者关系活动记录表 编号：2025-009 | 投资者关 | ☑特定对象调研◻️分析师会议 | | | | --- | --- | --- | --- | | 系活动类 | ◻️媒体采访◻️业绩说明会 | | | | | ◻️新闻发布会◻️路演活动 | | | | 别 | ☑现场参观◻️电话会议 | | | | | ◻️其他（请文字说明其他活动内容） | | | | 参与单位 | 国盛证券：梁超等 人 4 | 上海竹润投资：吴洺辉 | | | | 浙江君颐资产：叶建华 | 中大君悦投资：俞飞仰 | | | | 上海昱弘资产：殷文正 | 长城证券：胥程璐 | | | | 华安证券：赵鹏 | 杭州高鸿私募：章翌炜 | | | | 上海熙盛基金：范海冰 | 浙江墨钜资产：慎泽楠 | | | | 海南哈希私募：阚超 | 国联证券：郑嘉怿 | | | | 杭州秉怀私募：郑嘉怿 | 天创资本：张烨辉、杨东旭 | | | | 子润投资：钱天奇 | 金鹰基金：蒋灵 | | | | 杭州波粒二象：曾翔 | 海邦基金：蒋经宇 | | | | 百瑞信托：杨秋 ...

Group 1: Cross-Border Payment System - The cross-border payment system has officially launched, allowing residents from mainland China and Hong Kong to transfer funds in real-time using just a phone number or account name [1] - The first cross-border payment transaction occurred in Shenzhen, marking a significant step towards the interconnectivity of payment systems between mainland China and Hong Kong [1] Group 2: Digital Renminbi International Operations - The establishment of the Digital Renminbi International Operations Center in Shanghai is a first for China, aimed at enhancing the international competitiveness of the Renminbi [2] - The integration of blockchain and smart contracts in the digital Renminbi allows for real-time settlement and programmable transactions, providing a technological edge in the global digital currency competition [2] - This initiative is expected to improve the Renminbi's status in the international monetary system and facilitate cross-border trade by reducing traditional payment complexities and costs [2] Group 3: Currency Risk Management Tools - The People's Bank of China is exploring the promotion of Renminbi foreign exchange futures trading to address increasing currency risk faced by enterprises due to global market volatility [4] - There has been a notable increase in the number of A-share listed companies engaging in hedging activities, with a 12% rise in related announcements from January to May 2025 compared to the same period in 2024 [4][5] - The demand for more flexible and cost-effective foreign exchange risk management products is growing, particularly among small and medium-sized enterprises [6] Group 4: Cross-Border Investment and Financing - The State Administration of Foreign Exchange has released a draft notice to deepen reforms in cross-border investment and financing, which includes a package of facilitation policies [7] - The notice aims to streamline foreign direct investment processes and enhance the efficiency of capital utilization, thereby accelerating investment implementation [7] - Specific measures include raising the foreign debt facilitation quota for qualified high-tech and specialized small and medium enterprises to the equivalent of 1 million USD and 2 million USD respectively [7]