智通财经6月25日电，汇丰对100名基金经理的季度调查显示，投资者对新兴市场的看涨情绪达到两年多 来最高。调查显示，目前约有44%的受访者对未来三个月新兴市场持乐观态度。这一比例高于3月份时 的36%，也创下2023年3月以来的最高水平。该调查涵盖了在新兴市场管理着总计4140亿美元资产的基 金。领导此次调查的汇丰经济学家Murat Ulgen表示："共识依然是，未来三个月新兴市场股市将走高， 并且表现将超过发达市场股市。" 汇丰调查显示投资者对新兴市场的乐观程度达到两年来最高 ...

随着美元走弱，投资者对新兴市场货币的情绪持续增强。区域偏好也出现显著变化——拉丁美洲仍深受 青睐，该地区所有资产类别的市场情绪均有所改善。但亚洲的净持仓比例下降，乌根将其归咎于"对互 征关税给该地区带来影响的担忧"。 调查还显示，现金配置占管理资产的比例从3月的4.9%升至5.6%。这表明投资者趋于谨慎，尤其是在6 月12日以色列空袭伊朗核设施后中东局势升温的背景下。 汇丰在5月2日至6月18日期间开展了此次调查，这一时期恰逢新兴市场资产在4月因美国总统唐纳德·特 朗普宣布关税措施引发抛售之后出现反弹，但同时也涵盖了伊朗-以色列局势升温及美联储释放短期内 或不会降息的信号。调查期间，明晟新兴市场股票基准指数涨幅超6%，货币指数创下历史新高，累计 上涨2.6%。 调查显示，看跌观点比例略有上升，从3月的10%升至14%。然而，净乐观差距(看涨与看跌比例的差值) 从上次调查的26%升至30%。 智通财经APP获悉，汇丰银行对100名基金经理的季度调查显示，投资者对新兴市场的乐观情绪已升至 两年多来的最高点。 此次调查的对象所管理新兴市场资产规模总计4140亿美元。调查显示，约44%的 受访者对新兴市场未来三个月持 ...

广东真豪星空家居科技有限公司总经理 梁峰华：这个是我们今年推出的新款，进去之后它的弧形，针对外国人使用，站在这里它比较高，不容易碰 头。这个材质是PC材质，警用的防暴盾牌也是这种材质，包括飞机上面侧面那个玻璃也是这个。 "星空房"的墙面材质只有4毫米厚，为了验证房屋强度，企业负责人请记者现场用铁棒猛击外墙。 一块块PC板材加热成型经过真空吸塑后，便成为坚固的房屋外壳。目前，企业正开足马力，赶制中东客商在广交会上新下的139套订单。 央视网消息：还有的外贸企业则以独特的产品研发和设计，开辟和布局更广阔的新兴市场。 在制造业重镇广东佛山，记者走访这家企业发现，一幢幢晶莹剔透的"星空房"看起来小巧玲珑，走入其中，床、沙发、空调、浴缸却应有尽有。 梁峰华：中东的客户，他是拿回去做餐厅、咖啡厅，他有7个店，他每个店放十几二十个。 广东真豪星空家居科技有限公司外贸部负责人 卢婉雯：我们现在出口的话，主要是欧美、"一带一路"沿线国家和地区，他们主要安装在一些风景比较 好的景点，我们也有加拿大的客户买去是用于看极光。 梁峰华告诉记者，企业最初是从代加工拿货开始，但是产品质量性能总是达不到自己的理想要求，梁峰华干脆自己创办了企 ...

Core Insights - The export data for the first five months of this year shows that most of the top ten foreign trade provinces in China experienced growth, with only Fujian showing a decline, although its decline is narrowing [1][6][9]. Group 1: Export Performance by Province - Guangdong, the largest foreign trade province, saw a modest export growth of 0.9%, while Jiangsu and Zhejiang, the second and third largest provinces, reported a significant export growth of 9.6% [2][15]. - Fujian's export decline narrowed to -8.2%, with traditional industries in Fuzhou and Quanzhou experiencing notable drops, although the growth in machinery and electrical products helped mitigate the decline [1][6]. - Henan province reported an impressive export growth of 43.1%, driven by electric vehicles and silver processing, ranking third in national foreign trade growth [10][12]. Group 2: Key Export Products and Trends - In Zhejiang, machinery and electrical products accounted for a substantial portion of exports, with a growth rate of 12.6%, contributing significantly to the overall export growth [3][4]. - The export of electric vehicles in Zhejiang surged by 86.0%, while shipbuilding also showed strong performance with an 18.2% increase [3]. - In Henan, machinery and electrical products made up over 60% of exports, with a notable growth of 66.6% in this category [10][12]. Group 3: Market Dynamics and Challenges - Fujian's reliance on traditional industries, such as textiles and footwear, has led to a decline in export growth, highlighting the need for upgrading to higher value-added products [7][8]. - The shift of some orders to Southeast Asia and Latin America due to international supply chain restructuring has weakened Fujian's traditional manufacturing export advantages [6][7]. - Zhejiang's exports to emerging markets, including the EU and ASEAN, have shown robust growth, indicating a positive outlook for diversification in trade [4].

这事儿对A股也有影响。外资最近在A股净流出，尤其是电子、食品饮料这些板块被抛售。不过咱们也别慌，A股有自己的逻辑。像能源、贵金属这些防 御性板块反而涨得不错，说明资金在找避风港。而且国内政策也在发力，科创债支持半导体、AI这些硬科技，长期来看是好事儿。 再说说新兴市场本身。印尼、土耳其这些国家现在日子不好过。印尼为了提振经济，6月推出了刺激计划，可外资还是跑了165亿美元，股市外资占比从 38%掉到22%。土耳其更惨，里拉兑美元跌到36.85，创历史新低，外债/GDP都超过60%的警戒线了。这种情况下，投资者能不恐慌吗？ 不过，作为中长线投资者，咱们得冷静。Vontobel的专家Marc Bindschaedler说得对，现在是避险模式开启，但危机中往往藏着机会。比如印尼的棕榈油、 泰国的橡胶，价格跌得厉害，但这可能是长期布局的好时机。还有A股的低估值蓝筹和高股息资产，最近表现挺稳，适合防守。 大家好，我是帮主郑重。最近全球市场又开始折腾了，新兴市场股市连着三天往下掉，MSCI新兴市场指数跌了1.3%，创4月7日以来最大单日跌幅。这背 后到底发生了什么？今天咱们就来唠唠。 最后，给大家提个醒。美联储虽然没降息 ...

Group 1 - Emerging market currencies and stocks have declined due to escalating tensions in the Middle East and the upcoming Federal Reserve interest rate decision, with indices dropping over 0.4% before narrowing to a 0.1% decline at close [1] - The South African rand, Hungarian forint, and South Korean won were among the worst performers, each depreciating over 1% against the US dollar, while the Israeli shekel dropped as much as 0.8% before recovering [1] - The market is under pressure from risk aversion due to geopolitical tensions and uncertainty surrounding the Federal Reserve's decisions [1][3] Group 2 - Despite recent declines, fund managers believe that the strong performance of emerging markets relative to US assets will continue, as the risks from the conflict are not expected to be deep or prolonged [4] - Emerging markets are expected to outperform other markets in macroeconomic growth this year and next, with international investors recognizing the need to diversify their investments [7]

Core Viewpoint - The 137th Canton Fair highlights the resilience of the Chinese home appliance industry amidst the ongoing tariff challenges from the U.S., with large enterprises showing better preparedness and adaptability compared to smaller firms [1][3][5]. Group 1: Impact of Tariffs on Large Enterprises - Large home appliance companies have limited exposure to U.S. tariffs due to strategic planning and diversified supply chains, with many having established manufacturing bases in emerging markets [4][5]. - For instance, Midea Group reported a revenue of 409.1 billion yuan and a net profit of 38.5 billion yuan for the year ending December 31, 2024, with a low revenue share from the U.S. market [4]. - Haier Smart Home achieved an overseas revenue of 143.814 billion yuan in 2024, marking a year-on-year growth of 5.43%, with significant growth in emerging markets [4]. Group 2: Adaptation Strategies of the Industry - The home appliance industry has proactively adjusted to tariff impacts by shifting production capacities and exploring new markets, reducing reliance on the U.S. market [5][6]. - Companies like TCL and Hisense have minimized direct exports to the U.S. by utilizing production facilities in Mexico and Southeast Asia, thus mitigating tariff impacts [5][6]. - The overall export value of China's home appliance industry reached 112.42 billion USD in 2024, with exports to the U.S. accounting for 20.71 billion USD, reflecting a 4.3% year-on-year increase but a reduced share of total revenue [5]. Group 3: Challenges Faced by Small Enterprises - Smaller home appliance companies are facing significant challenges due to their heavy reliance on the U.S. market, with many experiencing customer defaults on orders [7][8]. - The Canton Fair has introduced initiatives to assist small enterprises in finding new clients, particularly in countries involved in the Belt and Road Initiative [8][9]. - Experts suggest that small enterprises should adjust their strategies by expanding overseas production and tapping into domestic markets through e-commerce platforms [9].

Core Viewpoint - The article emphasizes the importance of foreign trade enterprises adapting to external uncertainties by exploring new markets and reducing reliance on single markets, as demonstrated by the success of Yue Li Group in increasing sales by 27% in the first four months of the year through expansion into Central and Eastern European countries, Russia, and Turkey [1] Group 1: Government Support and Policies - Two key policies praised by participating enterprises include AEO certification, which reduces customs inspection frequency to about 1/10 of that for general enterprises, and export credit insurance, which alleviates concerns over payment cycles in emerging markets [2] - There is a need for balanced policy coverage, as some small and medium-sized enterprises feel underserved by existing support measures, highlighting the importance of equal rights, opportunities, and rules for all enterprises [2] Group 2: Role of Trade Service Platforms - Foreign trade service platforms are encouraged to respond to market demands by offering targeted services for emerging markets, exemplified by Ningbo Guomai Cloud Commerce's collaboration with Romanian e-commerce platform eMAG to assist over 200 local companies [3] - Many foreign trade enterprises are adopting outsourcing or design agency models, which can lead to high costs and unpredictable returns when entering new markets alone; thus, leveraging platforms for collective market entry is becoming a practical choice [3] Group 3: Manufacturing Resilience - The article draws a parallel between the craftsmanship of local artisans and the resilience required in the manufacturing sector, suggesting that maintaining focus and adaptability is key for Chinese manufacturing enterprises to thrive in a complex and changing environment [3]

美国银行：新兴市场在过去八周内股票和债券的资金流入创下最大纪录。最新一周现金流入量达到近 950亿美元，为自一月以来最大单周流入。 ...

Group 1: Sales and Revenue Projections - The projected revenue for the new pharmaceutical raw materials market in 2024 is 180 million, with expectations for 2025 being similarly optimistic [1] - The total sales revenue for the company in 2025 is estimated to be around 850 million, with a growth rate of approximately 10% expected due to new capacity being released [3] - The revenue from old products may see a slight decline in 2025, but overall income is expected to grow in 2026 after the expansion of Celecoxib [2] Group 2: Production Capacity and Utilization - The production capacity for Celecoxib is set to increase from 170 tons to 500-600 tons by the end of this year [1] - The utilization rate for the first phase of the second plant is expected to be around 60-70% in 2025, with one workshop having completed expansion in May [2] - Two workshops in the second phase of the second plant are expected to begin trial production in the second half of this year, with full capacity release anticipated in 2026 [2] Group 3: Market and Competitive Landscape - The company faces competition from Indian firms, with varying cost advantages across different products; however, the company excels in synthesis process maturity and R&D speed [3] - The company anticipates strong sales performance for new products such as Rivaroxaban, Apixaban, and others in the future [3] Group 4: Research and Development - The company plans to maintain a high level of R&D investment, projected to be over 7% of revenue in 2025 and beyond [2] - The new R&D building is expected to be operational this year, leading to an increase in personnel and corresponding R&D expenditure [2]