Group 1 - The rare earth sector has experienced a significant surge, with Chinese rare earth stocks rising nearly 13% and over 109% in the last three days [1] - In the A-share market, companies like BeiMineral Technology and Zhongke Magnetic Materials have seen substantial gains, with some stocks hitting the daily limit [3] - The U.S.-China trade negotiations are ongoing, with reports indicating a framework agreement that may address restrictions on rare earths and magnetic materials [3] Group 2 - China Rare Earth Holdings reported a revenue of 757 million HKD for the year ending December 31, 2024, a 10.29% increase from the previous year [5] - The company narrowed its net loss to 107 million HKD, down 48.9% from a loss of 210 million HKD in the prior year [5] - The rare earth segment generated sales of 645 million HKD, a 37% increase year-on-year, despite a 9% decrease in sales volume [6] Group 3 - The overall rare earth prices are on a downward trend due to market supply-demand imbalances and a sluggish real estate sector [7] - The refractory materials segment saw a 33% decline in sales to 111 million HKD, with significant losses attributed to oversupply in the steel industry [7] - China is the only country with a complete rare earth industry chain, producing 240,000 tons in 2023, accounting for two-thirds of global output [9] Group 4 - In response to the U.S. trade war, China implemented export controls on several heavy rare earth elements, leading to a spike in prices for certain products [10] - Rare earths have become a focal point in U.S.-China trade talks, with China issuing export licenses for civilian automotive companies while maintaining restrictions in the military sector [11] - Analysts suggest that the gradual relaxation of export controls may boost rare earth prices and improve the profitability of domestic companies [11]

港股恒生指数涨0.95%，涨229点，报24392点；恒生科技指数涨1.18%。港股早盘成交1321亿港元。 知行科技(01274)涨5.95%，近期获某头部品牌商业物流车平台化定点，机器人构筑第二成长曲线。 康诺亚-B(02162)跌超3%，拟先旧后新折让6.5%配股，净筹8.54亿港元。 金力永磁（300748）(06680)涨超7%，稀土出口有望迎积极信号，机构看好公司发展空间。 中国稀土（000831）(00769)再涨超12%，近三日股价实现翻倍，稀土出口放松预期升温。 创维集团(00751)再涨近4%，本周累涨近18%，现金要约回购收到约3.41亿股接纳要约。 佑驾创新(02431)涨超10%，公司受惠大湾区企业AH双重上市政策，机构看好其业绩弹性释放。 4月人身险保费强势复苏，险企投资端弹性有望加速释放。内险股延续近期涨势，新华保险（601336） (01336)涨4.36%；中国人寿（601628）(02628)涨4.23%；中国太保（601601）(02601)涨2%；中国平安 （601318）(02318)涨2.42%。 券商行业频传利好，券商中报有望延续一季报较好的增长态势。中资券商股继 ...

新华财经北京6月9日电（王柘）上周（2025年6月3日至6月6日）跨月后资金面维持宽松，央行预告10000亿元买断式逆回购操作呵护流 动性，收益率曲线整体下行，短端领涨，10年期国债收益率走低约2BP至1.65%。中美元首通话，中美经贸磋商机制首次会议也将于6月8 日至13日在英国举行，释放关税方面积极信号，提振市场风险情绪，债市反应较此前迟钝。 6月同业存单到期规模达4.2万亿元，较5月多增1.7万亿元，为近年来单月到期规模峰值。本周有逾1.2万亿元同业存单到期，单周规模为 2014年以来最大。除央行态度外，6月季末财政支出强度提升、理财资金季节性回流等将在一定程度上缓解银行存款流失压力。 行情回顾 2025年6月6日，中债国债到期收益率1年期、2年期、3年期、5年期、7年期、10年期、30年期、50年期较2025年5月30日分别变 动-4.5BP、-3.6BP、-4.23BP、-1.81BP、-3.25BP、-1.65BP、-2BP、-5BP。 | | | 中债国债收益率曲线(到期)$ | | | --- | --- | --- | --- | | 标准期限(年) | 5月30日 | 6月6日 | 变动B ...

中信证券研报认为，自4月我国实行部分稀土出口管制以来，4月稀土永磁出口量环比下降50%以上，创 下近5年稀土永磁出口数据的历史新低，含有镝铽等元素的稀土磁材是新能源车驱动电机的关键材料， 海外多家车企宣告原料库存紧张。 机构指出，后续稀土出口管制放松或对价格上涨呈助推作用，稀土板块迎估值提升之后再迎利润增厚双 击。 该研报进一步指出，近期商务部回应，对符合规定的稀土出口许可申请中方将予以批准。受出口或逐步 放松预期影响，市场上调稀土原料报价。参考此前国内锗、镓、锑等出口管制金属价格走势，多数金属 在出口管制后初期价格下跌或持稳，海外价格快速上涨，随着出口许可发放，金属出口逐步恢复，国内 价格锚定海外高价明显上涨，内外价差收敛以国内上涨方式进行。因此，后续稀土出口管制放松或对价 格上涨呈助推作用，稀土板块迎估值提升之后再迎利润增厚双击。 6月9日，稀土永磁板块涨幅居前，截至发稿，九菱科技涨超16%，中科磁业涨超13%，北矿科技、科恒 股份、英洛华等多股大涨。 | 代码 名称 | 涨幅量 | 现价 | 主力净量 | | --- | --- | --- | --- | | 873305 九菱科技 | 16.44% ...

Core Viewpoint - The May PMI data indicates a series of characteristics reflecting a weak but stabilizing economy, with improvements driven by eased tariffs and a package of financial policies [1][3]. Group 1: Economic Indicators - The three "soft indicators" (EPMI, BCI, PMI) show consistent upward trends, suggesting a recovery in May after a downturn in April due to tariff disruptions [1][4]. - The EPMI increased by 1.6 points to 51.0, which is still the third lowest reading for the same period historically [6][7]. - The BCI rose slightly by 0.2 points to 50.3, remaining below last year's level, indicating mixed microeconomic conditions [6][7]. - The manufacturing PMI increased by 0.5 points to 49.5, still below the neutral level of 50, while the non-manufacturing PMI decreased to 50.3 [7][8]. Group 2: Sector Performance - The midstream equipment manufacturing sector leads in absolute economic performance, followed by downstream consumer goods, while upstream raw materials lag behind [8][9]. - The May equipment manufacturing PMI rose to 51.2, and the consumer goods manufacturing PMI increased to 50.2, indicating positive trends in these sectors [9][10]. Group 3: Export and Demand - New export orders rose significantly by 2.8 points, reflecting a recovery in exports following the joint statement from the US and Japan [15][16]. - The production index increased to 50.7, and the purchasing volume index rose to 47.6, indicating a rebound in production and procurement activities [17]. Group 4: Price Trends and Expectations - Price indicators have not fully stabilized, but the downward pressure has eased, with the purchasing price index slightly declining to 46.9 [17][18]. - Microeconomic expectations have improved, with the production activity expectation index rising to 52.5, although still below March levels [19][20]. - The finished goods inventory index decreased to 46.5, indicating a cautious approach to inventory management by companies [22]. Group 5: Construction Sector - The construction sector remains weak, with the building PMI at 51.0, down from 51.9, indicating that real estate construction is a major drag on overall economic performance [23][24].

美联储戴利：放松管制和减税通常对经济增长整体而言是利好。 ...

Group 1 - The temporary suspension of reciprocal tariffs by the Trump administration is seen as a correct decision for the global economy and may act as a catalyst for a reversal in certain stock market trends, particularly benefiting small-cap stocks that have underperformed long-term [1] - Small-cap stocks are particularly sensitive to regulatory costs and tariffs, and a relaxation of regulations could create a more favorable development environment for these companies, potentially leading to unprecedented opportunities for small-cap stocks [1][2] - Despite a robust U.S. GDP growth and low unemployment, small-cap stocks have not been able to recover, with investors favoring large-cap stocks for their perceived safety, further exacerbated by the AI boom directing funds towards tech giants [2] Group 2 - The potential for regulatory relaxation is viewed as a key to breaking the stagnation of small-cap stocks, which have not encountered a genuine opportunity for years [2] - There are three major concerns regarding small-cap stocks leading the market: the concentration of the S&P 500 in the tech sector, reliance on financing for expansion amidst high interest rates, and the entrenched investor preference for large-cap stocks due to their historical outperformance [2] - Despite significant obstacles, the current conditions may represent the closest opportunity for small-cap stocks to stage a comeback in years [3]

白宫经济顾问委员会主席米兰：放松管制将使美国潜在GDP增速增加40至90个基点。 ...

Core Viewpoint - The German Defense Minister has ordered the military to fully utilize the funds released by the relaxation of the constitutional debt brake to equip weapons and other materials by 2029 [1] Summary by Relevant Categories Military Capability Enhancement - The German military is directed to rapidly expand electronic warfare capabilities [1] - There is an emphasis on increasing ammunition stockpile targets [1] - Priority is given to strengthening air defense capabilities [1] - The establishment of deep precision strike capabilities is highlighted [1] - The replenishment of ammunition inventory is also a key focus [1]

美国财长贝森特：放松管制将在2026年第三季度和第四季度促进经济增长。 ...