陈茂波表示，香港拥有高度的国际联系，每日有超过1100班航班往返全球200多个目的地；营商环境优 越，让不少展览业界和国际盛事活动主办者都视香港为战略据点。去年，亚洲国际博览馆和香港会议展 览中心有超过350场活动，吸引超过900万人次参与。今年随着海内外的旅客增加，会展活动的成绩让人 有更大的期待。特区政府和业界在策划大型盛事活动时，也积极安排活动接连举行，以创造更大的联乘 效应和经济效益。 陈茂波发表网志表示，香港银行存款总额继去年上升7%后，今年进一步上升超过10%至逾19万亿港 元；新股集资活动领先全球、财富管理业界蓬勃发展、与世界各地的金融合作也持续深化，这些都反映 国际资金垂青香港市场。近来不少来港参会的国际金融领袖，都表示其机构正计划在港增聘人手、扩充 规模。 本报香港11月24日电(记者陈然)香港特区政府财政司司长陈茂波23日表示，受地缘政治的影响，全球投 资者都重新评估其资产组合的风险，并调整投资策略、分散风险，香港成为资金避险的安全港。 在航运贸易方面，面对国际上单边主义崛起，全球供应链、产业链正加快重整，国家同东盟以至全球南 方的经贸关系也进一步深化。在此背景下，香港的商品出口不但未受关 ...

国际资本对中国香港的信心，正逐步转化为实质性的业务布局 文 |《财经》特约撰稿人 成孟琦 编辑 | 陆玲 "受地缘政局影响，全球投资者正重新评估资产组合风险，调整投资策略以分散风险，中国香港已成为资金避险的安全港。"中国香港财政司司 长陈茂波在网志中指出。 他进一步透露，今年以来中国香港多只重磅新股成功集资，吸引了西方及中东地区众多基石投资者参与；近期来港出席会议的国际金融领袖普 遍表示，其所属机构正计划在港增聘人手、扩充业务规模。 这一信号并非个例，不仅国际大行释放扩容信号，国际私募股权基金（PE）也加速密集落子香港，一度沉寂的美元基金正重返中国市场，共 同印证香港市场的独特吸引力。 核心数据为香港的"安全港"地位提供了坚实支撑。据陈茂波透露，香港银行存款总额继去年上升7%后，今年以来增幅进一步扩大至超过 10%，总额突破19万亿港元。与此同时，香港新股集资活动持续领跑全球，财富管理行业蓬勃发展，与世界各地的金融合作不断深化，多重迹 象叠加，凸显国际资金对香港市场的持续青睐。 在深化国际合作方面，中国香港正持续拓展全球网络。陈茂波透露，11月24日将前往英国伦敦及意大利米兰，出席香港贸易发展局主办的大型 推 ...

陈茂波表示，去年，亚洲国际博览馆和香港会议展览中心有超过350场活动，吸引超过900万人次参与。 今年随着海内外旅客增加，会展活动的成绩让人有更大期待。特区政府和业界在策划大型盛事活动时， 亦积极安排活动接连举行，创造更大的联乘效应和经济效益。 来源：中国新闻网 11月17日，"香港海运周2025暨2025世界航商大会"举行开幕典礼。(香港特区政府新闻处供图) 香港特区政府财政司司长陈茂波23日表示，受地缘政局影响，全球投资者都重新评估其资产组合的风 险，并调整投资策略、分散风险，香港成为资金避险的安全港。 陈茂波在当日发表的网志中提到，香港银行存款总额继去年上升7%后，今年来进一步上升超过10%至 逾19万亿港元；新股集资活动领先全球、财富管理业界蓬勃发展、与世界各地的金融合作也持续深化， 这些都反映国际资金垂青香港市场。 陈茂波表示，面对国际上单边主义抬头，全球供应链、产业链正加快重整，在此背景下，香港的商品出 口连续19个月录得按年增长，今年首三季合计更是显著增加11.3%。 他续指，特区政府致力抓紧全球变局下航运业新机遇，向全球推广香港航运业的优势。他提到，在日前 举办的"香港海运周2025"期间，特 ...

陈茂波表示，面对国际上单边主义抬头，全球供应链、产业链正加快重整，在此背景下，香港的商品出 口连续19个月录得按年增长，今年首三季合计更是显著增加11.3%。 他续指，特区政府致力抓紧全球变局下航运业新机遇，向全球推广香港航运业的优势。他提到，在日前 举办的"香港海运周2025"期间，特区政府公布了首批与中国内地及共建"一带一路"国家和地区的战略合 作伙伴港口、见证了香港船东互保协会正式在香港成立，以及促成两项业界的合作协议等，这些都对香 港国际航运中心的发展及促进业界的国际合作，具有里程碑意义。 (机遇香港)香港财政司司长：香港银行存款总额今年升至逾19万亿港元 中新社香港11月23日电 香港特区政府财政司司长陈茂波23日表示，受地缘政局影响，全球投资者都重 新评估其资产组合的风险，并调整投资策略、分散风险，香港成为资金避险的安全港。 陈茂波在当日发表的网志中提到，香港银行存款总额继去年上升7%后，今年来进一步上升超过10%至 逾19万亿港元；新股集资活动领先全球、财富管理业界蓬勃发展、与世界各地的金融合作也持续深化， 这些都反映国际资金垂青香港市场。 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 ...

人民财讯11月23日电，香港特区政府财政司司长陈茂波发文称，受到地缘政局的影响，全球投资者都重 新评估其资产组合的风险，并调整投资策略、分散风险，香港成为资金避险的安全港。本港银行存款总 额继去年上升7%后，今年来进一步上升超过10%至逾19万亿港元；新股集资活动领先全球、财富管理 业界蓬勃发展、与世界各地的金融合作也持续深化，这些都反映国际资金垂青香港市场。今年以来多只 重磅新股集资，亦吸引了不少来自西方以至中东的基石投资者参加。近来不少来港参会的国际金融领 袖，都表示其机构正计划在港增聘人手、扩充规模。 ...

11月23日，香港特区政府财政司司长陈茂波发表网志称，受到地缘政局的影响，全球投资者都重新评估 其资产组合的风险，并调整投资策略、分散风险，香港成为资金避险的安全港。香港银行存款总额继去 年上升7%后，今年来进一步上升超过10%至逾19万亿港元；新股集资活动领先全球、财富管理业界蓬 勃发展、与世界各地的金融合作也持续深化，这些都反映国际资金垂青香港市场。今年以来多只重磅新 股集资，亦吸引了不少来自西方以至中东的基石投资者参加。近来不少来港参会的国际金融领袖，都表 示其机构正计划在港增聘人手、扩充规模。 ...

Market Overview - The market is experiencing a broad decline, with 1,627 stocks rising and 3,646 stocks falling, indicating a poor profit-making environment and a clear tendency for capital to seek safety [6][11]. - The total trading volume in both markets has decreased by 9.08% to 9.2 trillion yuan, reflecting a strong sense of caution among investors and concerns about resistance above the 4,000-point level [7]. Capital Flow - There is a net outflow of 39.647 billion yuan from institutional funds, while retail investors are showing a net inflow [8]. - Institutions are exhibiting a cautious defensive strategy, reallocating funds away from previously high-performing sectors like batteries and semiconductors, and moving towards defensive sectors such as banking and insurance [9]. Investor Sentiment - Retail investor sentiment is characterized by anxiety and a passive response, with many adopting a "wait-and-see" approach as market hotspots rapidly rotate, making it difficult for some to keep pace [9]. - As of November 4, 30.38% of investors are increasing their positions, while 16.88% are reducing their holdings, with a significant portion choosing to remain inactive [14].

Group 1 - The recent market decline is viewed as a concentrated washout rather than a signal of the end of a bull market, with over 4,500 stocks closing lower [1] - The drop was influenced by external factors, including risk events in some US banks, which triggered global panic and led to passive declines in A-shares [1] - The trading structure was affected by the expiration of stock index futures, which allowed short sellers to exert downward pressure, creating a chain reaction of declines [1] Group 2 - Positive signals outweigh short-term negatives, with the central bank planning to facilitate foreign institutional investment, and a global trend towards looser monetary policy due to the Fed's slowing rate hike expectations [3] - Domestic chip manufacturers are poised to capture market share as Nvidia's high-end product presence in China diminishes, presenting an opportunity for local firms [3] - The clean energy sector is receiving policy support, particularly in offshore wind power, which enhances profit margins for companies in this space [3] Group 3 - Companies like Cambricon, despite a quarterly decline, have high order and advance payment levels, indicating secured future deliveries, suggesting that short-term financial fluctuations may not reflect fundamental issues [3] - Resource sectors may face short-term pressure due to significant declines in gold and silver prices, leading to a potential shift in funds towards growth and policy-benefiting sectors [3] - The negative sentiment from external markets is quickly dissipating, with major US indices and Hong Kong's Hang Seng Index showing signs of recovery, which sets a positive emotional foundation for A-shares [3] Group 4 - The market is expected to experience a tentative downward test initially, followed by a gradual rise, with technology and high-end manufacturing likely to lead the gains [4] - The brokerage sector may also see a rebound once market stability is restored, indicating potential for recovery in this area [4] - Investors are advised to differentiate between short-term fluctuations and long-term trends, focusing on sectors supported by policies and industrial logic rather than reacting emotionally to market lows [4]

Core Insights - The performance of various public FOFs (funds of funds) has significantly improved in the first three quarters of this year, driven by a recovery in the equity market, with an average return notably higher than last year and historical periods [1][2] - All FOFs achieved positive returns for the year, a trend not seen in many previous years, indicating strong investor confidence in various asset classes [1][2] Performance of Equity Market - The equity market saw substantial valuation increases, with the Shanghai Composite Index rising by 15.84%, the Shenzhen Component Index by 29.88%, and the ChiNext Index by 51.20% in the first three quarters [3] - The number of new A-share accounts opened reached 20.15 million, a year-on-year increase of 49.64%, indicating growing market participation [3] Fund Performance and Trends - Among stock-type FOFs, the Guotai Fund's "Optimal Navigation" achieved a net value return of 77.13%, the highest among all public FOFs [2] - Key contributors to FOF performance included technology and resource-themed ETFs, with several actively managed funds also showing strong results [2] New Fund Issuance - A total of 49 new public FOFs were launched in the first three quarters, a significant increase compared to 23 in the same period last year [4] - The Morgan Fund's "Yingyuan Steady Three-Month Holding A" was notably sold out in one day, raising 2.752 billion yuan, marking a significant event in the FOF market [4] Market Outlook - As the market enters the fourth quarter, the focus is on policy adjustments and liquidity improvements, with expectations for new capital inflows [5] - Investment recommendations highlight undervalued sectors such as non-ferrous metals and traditional sectors like liquor and home appliances, which are seen as having strong profit stability and safety margins [5]

Market Overview - On October 14, A-shares experienced significant volatility, with major indices closing down by 0.62%, 2.54%, and 3.99% respectively, and a total market turnover of 2.6 trillion yuan, an increase of 222.4 billion yuan from the previous trading day [1][2] - The semiconductor sector saw a net outflow of 17.932 billion yuan, with stocks like Yandong Micro and Chipone falling over 11% [1][2] Sector Performance - Traditional sectors such as banking, insurance, public utilities, and food and beverage showed resilience, with increases of over 2%, contrasting sharply with the declines in high-growth sectors like semiconductors and CPO [1][7] - The gold and silver futures market also experienced significant fluctuations, with gold prices initially rising nearly 5% before settling at a 2.7% increase, while silver saw a similar pattern [6][8] Specific Company Impact - Wenta Technology, a key player in the semiconductor sector, faced a sharp decline, with its stock hitting the daily limit down for two consecutive days, reflecting investor concerns over its control of Nexperia due to a Dutch government order freezing assets [3][5] - The company held an investor meeting to reassure stakeholders that its core operations remain unaffected, although the loss of governance control may impact operational efficiency in the short term [5][12] Investment Sentiment - There is a growing trend of risk aversion among investors, leading to a shift from high-growth stocks to more stable, traditional assets [12][14] - Analysts suggest that the banking sector, particularly state-owned and regional banks, may become a preferred choice for risk-averse investors due to their stable earnings and attractive dividend yields [15][16] Future Outlook - The upcoming U.S.-China tariff negotiations are expected to influence market dynamics, with potential volatility as investors await clearer signals [17] - The banking sector is projected to show stable growth, with expected revenue growth of 0.6% and net profit growth of 0.8% year-on-year for the first three quarters of 2025, indicating a resilient financial landscape [14][15]