Core Viewpoint - The British pound against the US dollar continues its upward trend, currently rising by 0.3% to 1.3672 [1] Group 1 - The British pound has shown a consistent increase in value against the US dollar [1] - The current exchange rate stands at 1.3672, indicating a positive movement in the currency market [1]

新台币兑美元上涨0.7%至28.814。 ...

Group 1 - The core viewpoint of the article highlights the positive market atmosphere created by the trade agreement between the US and Vietnam, leading to a collective rise in the Hong Kong stock market [1] - The Hong Kong Stock Connect Technology ETF (513860) experienced a slight decline of 0.56% as of 10:35 AM, despite having gained over 4% last week and nearly 30% year-to-date [1] - Notable stock performances include a rise of over 7% for companies like Innovent Biologics and CanSino Biologics, while companies such as Kelun-Biotech and Zai Lab saw increases of over 6% [1] Group 2 - The Hong Kong Monetary Authority (HKMA) intervened in the market by selling US dollars and buying Hong Kong dollars, involving an amount of HKD 20.018 billion to stabilize the currency [1] - The total bank system surplus has decreased to HKD 144.1 billion, following a cumulative purchase of approximately HKD 30 billion by the HKMA from June 26 to July 2 [1] - The Hibor rate has dropped from 4.5% to 0.4%, indicating a significant change in the liquidity environment [1] Group 3 - Goldman Sachs indicated a strong interest from investors in the Hong Kong market and Hong Kong dollar assets, with a relatively abundant liquidity environment [1] - The Hong Kong IPO market remains active without causing liquidity issues, and there is an increasing demand for the Hong Kong dollar from overseas investors [1] - The top ten weighted stocks in the Hong Kong Stock Connect Technology ETF (513860) account for 69.41% of the index, including major companies like Xiaomi, Tencent, and BYD [1]

美元/新台币下跌0.5%至28.875，连续第三日下跌。 ...

Core Insights - The foreign exchange market in China has shown rational and orderly trading, with a net inflow of cross-border funds amounting to $51.7 billion in the first quarter, indicating a relatively high level compared to the same period in previous years [1][2] - The People's Bank of China has been expanding financial market openness and enhancing the attractiveness of the domestic securities market to foreign investors [1][3] Group 1: Cross-Border Fund Flows - In the first quarter, the net inflow of cross-border funds from non-bank sectors, including enterprises and individuals, reached $51.7 billion, reflecting a strong demand for foreign exchange [1] - In March, the banks' foreign exchange settlement amounted to $189.6 billion, while foreign exchange sales were $191.6 billion, resulting in a deficit of $2 billion, which is a significant narrowing from the previous deficit of $10.4 billion [1] - The bank's foreign exchange income for March was $692 billion, with payments of $642.8 billion, leading to a surplus of $49.2 billion, indicating continued net inflow of cross-border funds [1] Group 2: Market Trends and Currency Stability - The net inflow of cross-border funds under the goods trade category reached $206.3 billion in the first quarter, a year-on-year increase of 120% [2] - Foreign investment in Chinese bonds has increased, with a net increase of $26.9 billion in domestic bonds from February to March, representing an 84% year-on-year growth [2] - The RMB exchange rate has shown two-way fluctuations, with the onshore RMB to USD exchange rate at 7.288 as of April 21, reflecting a 0.1% appreciation since the end of 2024 [2] Group 3: Future Policy Directions - The State Administration of Foreign Exchange plans to introduce new incremental policies as needed, focusing on expanding domestic demand and promoting the integration of technological and industrial innovation [3] - The attractiveness of the domestic securities market to foreign capital is expected to continue to increase, supported by ongoing policy measures to facilitate cross-border trade and investment [3]

美元/越南盾 越南盾兑美元跌0.3%，至26218的历史低位。 ...

新台币兑美元一度上涨0.5%，至28.886，为2022年4月8日以来的最高水平。 ...

Summary of Key Points Core Viewpoint - The interbank foreign exchange market shows fluctuations in the RMB exchange rates against various currencies, indicating a mixed trend in currency valuation as of July 3, 2025 [1]. Currency Exchange Rate Changes - The USD/RMB rate is reported at 7.1523, reflecting a depreciation of the USD by 23 points, indicating an appreciation of the RMB [1] - The EUR/RMB rate is at 8.4463, showing an increase of 12 points [1] - The HKD/RMB rate is at 0.91114, down by 3.2 points [1] - The GBP/RMB rate is at 9.7696, down by 664 points, indicating a significant depreciation of the GBP against the RMB [1] - The AUD/RMB rate is at 4.7119, up by 22 points [1] - The CAD/RMB rate is at 5.2684, up by 234 points, suggesting a strong performance of the CAD [1] - The JPY/RMB rate is at 4.9861, down by 44 points [1] - The RMB/RUB rate is at 11.0230, up by 647 points, indicating a strong appreciation of the RMB against the RUB [1] - The NZD/RMB rate is at 4.3591, down by 83 points [1] - The RMB/MYR rate is at 0.59029, up by 37.7 points [1] - The CHF/RMB rate is at 9.0408, down by 86 points [1] - The SGD/RMB rate is at 5.6229, down by 1 point [1]

其 他 报 告 2025年07月03日 晨会纪要 | 国内市场 | | 涨跌幅（%） | | | --- | --- | --- | --- | | 指数 | 收盘 | 1日 | 上周 | | 上证综合指数 | 3455 | -0.09 | 1.91 | | 深证成份指数 | 10413 | -0.61 | 3.73 | | 沪深300指数 | 3944 | 0.02 | 1.95 | | 创业板指数 | 2124 | -1.13 | 5.69 | | 上证国债指数 | 226 | 0.06 | 0.02 | | 上证基金指数 | 6936 | -0.04 | 0.37 | | | | 资料来源:同花顺iFinD | | | 海外市场 | | 涨跌幅（%） | | | --- | --- | --- | --- | | 指数 | 收盘 | 1日 | 上周 | | 中国香港恒生指数 | 24221 | 0.62 | 3.20 | | 中国香港国企指数 | 8725 | 0.54 | 2.76 | | 中国台湾加权指数 | 22578 | 0.11 | 2.42 | | 道琼斯指数 | 44495 | 0.91 ...

Economic Growth Plan - The Laotian government aims for an average annual economic growth of 5% from 2026 to 2030, focusing on modernizing energy, agriculture, and tourism sectors while enhancing human resources and promoting digital economy development [1] Economic Performance and Projections - The World Bank reports a 4.1% economic growth for Laos in 2024, driven by stable growth in services, electricity, mining, agriculture, and manufacturing exports [1] - The Asian Development Bank forecasts a 3.9% growth in 2025 and a 4.0% growth in 2026, with logistics and tourism as key growth drivers [1] - In 2024, the number of foreign tourists visiting Laos is expected to increase by 21% year-on-year [1] Agricultural Sector - Agriculture remains a traditional economic pillar for Laos, with agricultural exports reaching $977 million in the first five months of the year, accounting for 65% of the annual target of $1.5 billion [2] - Laos plans to export 74 types of agricultural products, including 200,000 tons of rice to Bangladesh, with China being the largest importer of Laotian agricultural products [2] - The opening of the China-Laos railway has improved logistics for agricultural exports, particularly mangoes [2] Support for SMEs and Listed Companies - The Laotian government encourages the development of SMEs and listed companies by revising income tax laws to reduce tax burdens and improve administrative efficiency [2] - The standard corporate tax rate for listed companies is set at 20%, with a new regulation allowing a 10% tax rate for the first 10 years post-registration [2] Inflation and Economic Challenges - Laos faces challenges such as inflation and currency instability, with the inflation rate decreasing from 8.3% in May to 7.2% in June [3] - The World Bank reported a drop in inflation from 25% last year to 11.2% in March, with expectations of further alleviation in the second half of the year [3] - Strengthening macroeconomic fundamentals is crucial for Laos to provide stable support for the economy and ensure long-term resilience [3]