外资对境内股票投资明显回暖 上半年，上海涉外经济保持活跃状态，涉外收支总额达2.77万亿美元，同比增长19%。其中，涉外收入1.32万亿美元，同比增长18%；涉外支出1.45万亿美 元，同比增长19%。 境外投资者持续加大对人民币资产的配置力度，体现出国际资本对中国经济长期企稳向好的信心。外资净增持境内债券保持较高水平，更为显著的是，外资 对境内股票投资出现明显回暖。这一投资态势由去年同期的净流出转为今年的净流入，5月以来外资买入境内股票的力度有所增强。 人民银行上海总部7月24日召开2025年第三季度新闻发布会，公布上半年上海金融运行数据。数据显示，上海金融市场呈现积极变化，个人住房贷款需求明 显回升，外资对境内股票投资态势转暖。6月末，上海全市本外币贷款余额达12.85万亿元，同比增长8.4%，增速超过全国平均水平1.6个百分点。 个人住房贷款需求显著回升 住户贷款余额同比增长13.7%，增速较上年同期提高8.1个百分点。个人住房贷款需求呈现明显回升态势，增速自去年10月转正后持续攀升。这一变化反映出 房地产市场逐步企稳的积极信号。 非金融企业贷款余额同比增长5.5%，从增量角度观察，上半年非金融企业贷款 ...

Core Insights - The People's Bank of China (Shanghai Headquarters) reported a significant increase in household loans in Shanghai, with a year-on-year growth of 13.6% as of the end of March, which is 9.1 percentage points higher than the same period last year [1] - Personal housing loan demand has rebounded, with a year-on-year growth of 6%, marking six consecutive months of recovery since turning positive in October of the previous year [1] - The weighted average interest rate for newly issued corporate loans in Shanghai was 2.85% in March, a decrease of 38 basis points year-on-year and 4 basis points month-on-month, indicating a historical low [1] - The weighted average interest rate for small and micro enterprises' loans was 3.16%, down 34 basis points compared to the same period last year [1]