中国经济网北京9月3日讯 来自中国外汇交易中心的数据显示，今日人民币对美元汇率中间价报 7.1108，较前一交易日调贬19个基点。前一交易日，人民币对美元中间价报7.1089。 中国人民银行授权中国外汇交易中心公布，2025年9月3日银行间外汇市场人民币汇率中间价为：1 美元对人民币7.1108元，1欧元对人民币8.2855元，100日元对人民币4.8005元，1港元对人民币0.91086 元，1英镑对人民币9.5405元，1澳大利亚元对人民币4.6433元，1新西兰元对人民币4.1767元，1新加坡 元对人民币5.5265元，1瑞士法郎对人民币8.8514元，1加拿大元对人民币5.1706元，人民币1元对1.1313 澳门元，人民币1元对0.59398马来西亚林吉特，人民币1元对11.2879俄罗斯卢布，人民币1元对2.4843南 非兰特，人民币1元对195.80韩元，人民币1元对0.51523阿联酋迪拉姆，人民币1元对0.52642沙特里亚 尔，人民币1元对47.7284匈牙利福林，人民币1元对0.51451波兰兹罗提，人民币1元对0.9016丹麦克朗， 人民币1元对1.3284瑞典克朗，人民币1元对1. ...

Report Summary 1. Report Industry Investment Rating No information provided regarding the report industry investment rating. 2. Core Viewpoints - The short - term view of treasury bond futures is mainly for oscillatory consolidation, with limited upside and downside space. The overall view for TL2512 is oscillatory, with a short - term and mid - term oscillatory trend and an intraday oscillatory - weakening trend, due to the decreased possibility of a comprehensive interest rate cut and the rising risk appetite in the stock market [1][5]. - Although the short - term necessity for a comprehensive interest rate cut is insufficient, with structural easing to support technology and boost consumption, the future monetary policy environment is generally loose. The increasing expectation of the Fed's interest rate cut overseas has weakened the RMB exchange - rate depreciation pressure, leaving room for future interest rate cuts. The market interest rate is anchored by the policy rate, limiting the upside space of the market interest rate and the downside space of treasury bond futures [5]. 3. Summary by Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For TL2512, the short - term view is oscillatory, the mid - term view is oscillatory, the intraday view is oscillatory - weakening, and the overall view is oscillatory. The core logic is the decreased possibility of a comprehensive interest rate cut and the rising risk appetite in the stock market [1]. 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include TL, T, TF, TS. The intraday view is oscillatory - weakening, the mid - term view is oscillatory, and the reference view is oscillatory. Yesterday, all treasury bond futures oscillated and pulled back. The short - term necessity for a comprehensive interest rate cut is insufficient, with structural easing as the main approach. The strong risk appetite in the stock market has a siphoning effect on funds, suppressing bond - buying demand, limiting the rebound space of treasury bond futures. However, the future monetary policy environment is loose, and the increasing expectation of the Fed's interest rate cut overseas has weakened the RMB exchange - rate depreciation pressure, leaving room for future interest rate cuts. The market interest rate is anchored by the policy rate, limiting the upside space of the market interest rate and the downside space of treasury bond futures [5].

Core Viewpoint - The recent strong rebound of the RMB against the USD reflects its resilience, supported by improving economic fundamentals in China and various influencing factors for future trends [1][3]. Exchange Rate Performance - As of August 29, the onshore RMB appreciated from 7.1805 to 7.1330 against the USD, marking a nearly 10-month high. The offshore RMB also surged to 7.1182, gaining over 340 points [2]. - In August, the onshore RMB rose by 0.83%, reversing the previous month's decline and recording the largest increase in three months. The offshore RMB increased by 1.21%, the highest monthly gain since September 2024 [2]. - The RMB's central parity rate strengthened from 7.1321 on August 22 to 7.1030 on August 29, with a nearly 1.2% increase since the beginning of the year [2]. Economic Fundamentals - The core driver behind the RMB's appreciation is the overall improvement in China's economic fundamentals, with GDP growth reaching 5.3% in Q2 [3]. - Several international investment banks have raised their forecasts for China's economic growth, shifting their asset allocation recommendations from neutral to "overweight" [3]. - The market's positive sentiment towards RMB is bolstered by strong export performance and increased global interest in Chinese equity assets [3]. Market Sentiment and Predictions - Hedge funds are increasing their bets on RMB appreciation, with targets set for the exchange rate to exceed 7.0 by year-end [4]. - The consensus in the market suggests that the RMB will gradually stabilize and appreciate, although specific predictions on the extent of appreciation vary [5]. Future Outlook - Analysts indicate that September will be a critical period to observe if the RMB can break the 7.0 mark, particularly if the USD weakens post the Federal Open Market Committee meeting [6]. - Predictions suggest that the RMB could appreciate to 6.98 against the USD within the next 12 months, supported by strong fundamentals [6]. - Potential factors influencing RMB fluctuations include the release of accumulated settlement funds and the guidance of the central parity rate [6].

每经记者｜赵景致 每经编辑｜金冥羽 廖丹 值得注意的是，本次快速升值始于8月22日。记者注意到，彼时美联储主席鲍威尔于杰克逊霍尔全球央行年会上发表讲话，暗示美联储可能在9月降息。他 提到，尽管通胀仍令人担忧，但劳动力市场的风险正在上升。受其言论影响，美元走低。 8月下旬，人民币对美元汇率结束了两个月的低波运行，而后出现较大幅度升值。今日，人民币急升后出现小幅回调。 每经记者注意到，本次快速升值，时间上始于美联储主席鲍威尔8月22日在杰克逊霍尔全球央行年会上的讲话。 人民币汇率的决定因素十分复杂，既有一些长期的、根本性的因素，又有一些短期的、关键性的因素。对于本轮升值，东方金诚首席宏观分析师王青指 出，最近人民币升值既与美联储降息信号有关，也与国内股市走强、人民币中间价的调控作用有关。 "我们认为，保持人民币汇率在合理均衡水平上的基本稳定，仍是当前稳汇市政策的核心目标。"王青表示，接下来人民币汇率仍将以稳为主，持续升值或 大幅贬值的风险都不大。 人民币对美元汇率 人民币急升 在6月、7月人民币对美元汇率窄幅低波运行后，8月下旬，在岸人民币对美元出现一波快速升值，并于8月29日一度达到7.126的年内新高水平。 ...

每经记者|赵景致 每经编辑|廖丹 8月下旬，人民币对美元汇率结束了两个月的低波运行，而后出现较大幅度升值。今日，人民币急升后出现小幅回调。 每经记者注意到，本次快速升值，时间上始于美联储主席鲍威尔8月22日在杰克逊霍尔全球央行年会上的讲话。 人民币汇率的决定因素十分复杂，既有一些长期的、根本性的因素，又有一些短期的、关键性的因素。对于本轮升值，东方金诚首席宏观分析师王青指出， 最近人民币升值既与美联储降息信号有关，也与国内股市走强、人民币中间价的调控作用有关。 "我们认为，保持人民币汇率在合理均衡水平上的基本稳定，仍是当前稳汇市政策的核心目标。"王青表示，接下来人民币汇率仍将以稳为主，持续升值或大 幅贬值的风险都不大。 中信证券明明团队对记者指出，此轮人民币汇率的急涨是内外因素的共振驱动，包括美元指数偏弱运行创造了相对温和的外部环境、央行中间价报价释放较 强的汇率预期引导信号，以及近期国内权益市场表现亮眼或一定程度吸引了外资流入等。 值得注意的是，近期，在人民币较大幅度升值后，其对美元汇率能否破"7"的讨论逐渐增多。 对于人民币未来走势，明明团队表示，若人民币汇率能维持偏强震荡，预计相关结汇需求有望继续支撑人 ...

中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 编辑：张澍楠 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 9月2日人民币对美元中间价报7.1089元 下调17个基点 中新网9月2日电 据中国外汇交易中心网站消息，中国人民银行授权中国外汇交易中心公布，2025年9月 2日银行间外汇市场人民币汇率中间价为：1美元对人民币7.1089元，下调17个基点。 来源：中国新闻网 图片来源：中国外汇交易中心网站 ...

同日，人民币对美元中间价7.1089，较上一交易日下调17个基点。 美元指数在98关口下方震荡，截至9时40分，报97.7622。 瑞银财富管理投资总监办公室(CIO)发表机构观点称，展望未来12个月，人民币前景有望在数项利好因 素支撑下进一步升值。中国出口商的结汇活动今年以来持续增加，7月份净结汇率升至2024年10月以来 最高，为人民币提供了直接支撑。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 黄冰玉 陈佳怡）9月2日，Wind数据显示，在岸人民币对美元开盘下跌，报 7.1450，上一交易日16时30分收盘报7.1332。截至9时40分，离岸人民币对美元报7.13630。 ...

Group 1: Company Analysis - Weichai Power - Weichai Power's 2025 interim report shows significant growth in data center large-capacity engines, with nearly 600 units sold, representing a 491% year-on-year increase [4] - The company's AIDC business is rapidly developing, and the KION logistics equipment business is expected to improve profitability after management optimization [2][4] - Weichai Power's revenue for the first half of 2025 was CNY 1131.5 billion, a slight increase of 0.6% year-on-year, while net profit attributable to shareholders was CNY 56.4 billion, down 4.4% year-on-year [3][4] Group 2: Company Analysis - Tuojing Technology - Tuojing Technology's advanced process verification equipment has successfully passed customer certification and is gradually entering the mass production phase, leading to a significant improvement in profitability [13][14] - The company's revenue for the first half of 2025 reached CNY 1.954 billion, a year-on-year increase of 54.25%, with a net profit of CNY 38.18 million, up 91.35% year-on-year [14] - The sales gross margin for Q2 2025 was 38.82%, indicating a clear upward trend in profitability [14] Group 3: Company Analysis - Iwu Biological - Iwu Biological's core product, dust mite drops, is steadily growing, while the new product, Artemisia annua drops, is rapidly gaining market share [17][18] - The company reported a revenue of CNY 484 million for the first half of 2025, a year-on-year increase of 12.81%, and a net profit of CNY 177 million, up 18.61% year-on-year [17][18] - The company is focusing on new research directions, including stem cells and natural medicines, which may enhance its growth potential [18] Group 4: Industry Analysis - Textile and Apparel - The textile and apparel industry faces significant operational challenges, with A-share apparel revenue declining in Q2, although some companies are showing strong performance [7][10] - The retail sales of clothing and accessories in China showed a year-on-year increase of 1.8% in July, indicating a slight recovery in consumer demand [9] - The export of textiles and garments from China saw a year-on-year decline of 0.3% in July, with garment exports weakening [9][11]

Market Overview - In September, the Chinese stock market opened positively, with A-shares rising, led by gold stocks; the Hang Seng Index experienced fluctuations, with Alibaba (9988 HK) surging 18.5% due to strong earnings[3] - European stock markets closed higher, driven by defense and healthcare sectors; US markets were closed for Labor Day[3][9] Currency and Commodities - The USD/CNY exchange rate reached a year-low of 7.126 on August 29, indicating a strong short-term outlook for the RMB, although further catalysts are needed for it to break below 7[5] - Oil traders expect OPEC+ to maintain current production levels in their upcoming meeting, with crude oil futures showing slight fluctuations[3][27] Fixed Income - US financial markets were quiet due to the holiday, with optimistic sentiment regarding a potential Fed rate cut this month; European bond yields rose amid positive economic data[3][30] - Asian bond markets saw light trading, with Chinese investment-grade bond spreads remaining stable[3] Stock Performance - The A-share market saw the Shanghai Composite Index rise 0.46% to 3,875 points, with a total trading volume of CNY 2.78 trillion; gold futures hit historical highs, boosting gold stocks significantly[17] - In the Hong Kong market, the Hang Seng Index increased by 2.15%, with major tech stocks leading the gains[11] Sector Insights - The electronics sector is experiencing robust growth driven by strong AI demand and domestic substitution; key segments include PCB, domestic chip leaders, and IoT[20] - In the US, companies are absorbing tariff costs rather than passing them on to consumers, which may lead to localized price increases in consumer goods later this year[8]

Core Points - The People's Bank of China announced the exchange rates of the Renminbi against various currencies on September 2, 2023, indicating the market's valuation of the Renminbi [1] Group 1: Exchange Rates - The exchange rate for 100 US dollars is 710.89 Renminbi [1] - The exchange rate for 100 euros is 832.76 Renminbi [1] - The exchange rate for 100 Japanese yen is 4.8388 Renminbi [1] - The exchange rate for 100 Hong Kong dollars is 91.183 Renminbi [1] - The exchange rate for 100 British pounds is 963.58 Renminbi [1] - The exchange rate for 100 Australian dollars is 466.08 Renminbi [1] - The exchange rate for 100 New Zealand dollars is 420.01 Renminbi [1] - The exchange rate for 100 Singapore dollars is 554.22 Renminbi [1] - The exchange rate for 100 Swiss francs is 888.51 Renminbi [1] - The exchange rate for 100 Canadian dollars is 517.44 Renminbi [1] - The exchange rate for 100 Renminbi is 113.01 Macanese Patacas [1] - The exchange rate for 100 Renminbi is 59.305 Malaysian Ringgits [1] - The exchange rate for 100 Renminbi is 1130.49 Russian Rubles [1] - The exchange rate for 100 Renminbi is 247.65 South African Rand [1] - The exchange rate for 100 Renminbi is 19567 South Korean Won [1] - The exchange rate for 100 Renminbi is 51.614 UAE Dirhams [1] - The exchange rate for 100 Renminbi is 52.731 Saudi Riyals [1] - The exchange rate for 100 Renminbi is 4739.73 Hungarian Forints [1] - The exchange rate for 100 Renminbi is 51.123 Polish Zlotys [1] - The exchange rate for 100 Renminbi is 89.67 Danish Krone [1] - The exchange rate for 100 Renminbi is 132.01 Swedish Krona [1] - The exchange rate for 100 Renminbi is 140.5 Norwegian Krone [1] - The exchange rate for 100 Renminbi is 577.943 Turkish Lira [1] - The exchange rate for 100 Renminbi is 262.18 Mexican Pesos [1] - The exchange rate for 100 Renminbi is 453.41 Thai Baht [1]