人民财讯8月7日电，香港金融管理局8月7日公布，香港于2025年7月底的官方外汇储备资产为4254亿美 元(2025年6月底为4320亿美元)。 ...

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) is actively intervening in the foreign exchange market to defend the Hong Kong dollar (HKD) against depreciation, as it has reached the weak end of its peg against the US dollar. Group 1: HKMA Interventions - On August 6, the HKMA bought HKD 84.39 billion and sold USD to maintain the HKD's value, marking the fourth intervention in seven days [1] - Cumulatively, the HKMA has withdrawn HKD 223.26 billion from the market since July 31 to keep the HKD within the range of 7.75 to 7.85 against the USD [1] Group 2: Currency Peg Mechanism - The HKD operates under a linked exchange rate system since 1983, with a normal fluctuation range between 7.75 (strong-side convertibility) and 7.85 (weak-side convertibility) [1] - If the HKD hits the strong-side, the HKMA buys USD and sells HKD; conversely, if it hits the weak-side, the HKMA sells USD and buys HKD to stabilize the currency [1] Group 3: Market Conditions and Influences - The HKD has faced downward pressure due to a persistent interest rate differential between HKD and USD, leading to increased carry trade activities [2] - Since June, the HKMA has bought HKD 1,095.29 billion in response to the weakening of the HKD, which was initially strong in May [2] - The HKMA noted that reduced demand for HKD has led to carry trades, triggering multiple instances of the weak-side convertibility [2] Group 4: Future Outlook - An independent analyst predicts that the HKD's weakness may continue until the HKD interbank rates rise above 2%, indicating that the current "currency defense battle" may persist [3]

大家好，今天咱们来聊点硬核的，特朗普又要"动手术"了，这次不是对哪家企业，也不是对哪国领土，是 对美国经济的神经中枢：美联储和劳工统计局。 第一刀，先动美联储。 上周五，美联储理事库格勒突然宣布辞职。你没听错，是突然。而且辞职时间卡得非常"精准"，刚好赶在 特朗普准备重新洗牌之前。你说这是巧合？也可能是"安排"。 库格勒的离职给特朗普打开了一个极其重要的窗口，提前在美联储放进一个听他话的人。因为根据规矩， 美联储主席必须是理事之一。 当然，所有这些人事任命还得过参议院这一关，但那是后话。特朗普现在要做的，是先把人提上去，占个 位。只要理事会席位在自己手里，未来的主席之争基本就掌控在他手中。 第二刀，直捅劳工统计局。 你以为只是美联储？不，特朗普的另一刀，捅向了劳工统计局，这个负责发布全美就业数据的机构。 他刚刚解雇了局长Erika McEntarfer。要知道，她是今年1月才刚被参议院以86票对8票的压倒性结果通过任 命的，连共和党人、现任副总统JD Vance当时都投了赞成票。 鲍威尔的主席任期到2026年5月才结束，但他的理事任期会延续到2028年1月。所以，如果到时候鲍威尔不 想走，还想留下来当个普通理 ...

近期，中国人民银行联合国家金融监督管理总局、中国证券监督管理委员会研究起草了《金融机构客户 尽职调查和客户身份资料及交易记录保存管理办法（征求意见稿）》（以下简称《管理办法》），向社 会公开征求意见。 聚焦《管理办法》的核心内容，其亮点在于既守住了法律底线，又兼顾了实践灵活。在总体要求 上，"与风险相适应"的原则直击痛点，既避免金融机构因防控措施过度而增加不必要成本，也防止因忽 视风险而放任违法犯罪后果发生。在具体要求上，明确简化尽职调查、强化尽职调查的适用情形和措 施，构建起了一套覆盖全流程、多场景的规则框架。 制定《管理办法》是落实《反洗钱法》和迎接国际评估的必然之举。 当然，制度的生命力在于执行。《管理办法》能否真正发挥作用，既需要金融机构摒弃"打勾式合规"心 态，将尽职调查内化为风险管理的核心环节，也需要监管部门进一步强化基于风险的反洗钱监管，督促 金融机构有效评估、监测和防控洗钱风险，平衡好管理洗钱风险与优化金融服务的关系，为金融市场的 健康发展筑牢安全屏障。 2024年11月修订通过的《中华人民共和国反洗钱法》已经于今年1月1日起正式施行。《反洗钱法》专门 明确了基于风险开展客户尽职调查的原则，要 ...

编者按 与会嘉宾围绕数字货币的底层逻辑、全球稳定币的发展趋势、稳定币与全球货币金融体系重构，稳定币与全球金融体系稳定性、稳定币对货币主权冲击及 中国应对等主题，展开深入交流探讨。 三个方面来应对。其中，香港作为中国外循环平台，在吸引外资、助力企业海外融资等方面作用重大，是中国"引进来"与"走出去"的重要通道与平台，对 巩固维护国际贸易秩序、助力人民币国际化意义非凡。未来香港可在保留现有货币体系的同时，依托香港金融监管优势，结合有限区块链、数字智能合约 等技术工具，创建与离岸人民币挂钩的稳定币及相关的离岸人民币资产体系。这既能开拓全新离岸人民币产品与服务平台，平衡美元主导的国际金融体 系；又能加速人民币及人民币资产国际化，稳固香港在数字金融时代的国际金融中心地位；同时防范美元塌陷场景下，因港币与美元挂钩产生的系统性风 险。 香港大学副校长、金融学讲座教授林晨在发言中系统比较了《香港稳定币条例》和美国《GENIUS法案》在监管与制度架构等方面的异同。强调稳定币正 成为连接"链上链下"的关键桥梁。"链下"ETF把比特币推向传统投资者，"链上"稳定币则把美元等现实资产引入加密世界，实现双向无缝衔接。美国7月18 日通 ...

《金融时报》记者了解到，近期有纳税人收到了税务部门通知，告知其需要依法办理境外所得申报并缴纳相应税款。 有的纳税人表示，自己在境外投资股票，并且单笔交易有赚有亏，不知是否应该缴纳税款。有的纳税人纠结于境外股票交易的盈亏核算方式，特别是长期 持股产生的亏损能否抵扣其他收入。 "根据我国个人所得税法，个人股票交易所得属于财产转让所得，应当适用20%的税率按次征收。其中，个人在境内二级市场的股票交易所得暂免征收个 人所得税；在境外直接进行股票交易所得没有免税规定，需要在取得所得的次年申报纳税。"吉林财经大学税务学院院长张巍解释说。 据悉，对境外直接进行股票交易所得征税，是美国、德国、澳大利亚等主要经济体及大部分发展中国家的通行做法。对于境外股票交易属于财产转让，我 国按次计征，简单来讲，就是转让一次股票，就需要按照当次转让所得缴纳个人所得税。 但股票交易可能涉及多次，并且有亏有赚，这时应该如何计税？《金融时报》记者在采访中了解到，股票交易频次高、价格波动大，如果按每笔交易计税 且不允许抵扣亏损的话，税负较重，计算难度也比较大。因此，为了更加合理的征收，我国税务部门在征管时，允许纳税人按照纳税年度盈亏相抵，但不 允许 ...

Core Viewpoint - The Financial Conduct Authority (FCA) in the UK is set to consult on a compensation scheme for automotive finance customers [1] Group 1 - The FCA's consultation aims to address compensation for customers affected by issues in automotive finance [1]

Core Viewpoint - The appointment of Zhu Haibin as the Assistant President (Economic Research) of the Hong Kong Monetary Authority (HKMA) is a significant development, indicating a focus on macroeconomic and financial stability research in Hong Kong [3][5]. Group 1: Appointment Details - Zhu Haibin will officially take up the role on October 1, 2025, following the recommendation of the HKMA's governing committee [3]. - His appointment comes after the resignation of Zhang Liling, who left the position for personal reasons [6]. Group 2: Background of Zhu Haibin - Zhu Haibin holds a Bachelor's degree in Information Management from Peking University, a Master's degree in Economics from the People's Bank of China, and a PhD in Economics from Duke University [5]. - He has extensive experience in economic research, particularly in macroeconomic and financial stability policy research for Mainland China and Hong Kong [5]. - Prior to joining HKMA, Zhu served as Managing Director and Chief Economist for China at JPMorgan Chase, and he has also worked as a senior economist at the Bank for International Settlements [5]. Group 3: HKMA Overview - The HKMA was established on April 1, 1993, through the merger of the Exchange Fund and the Office of the Commissioner of Banking [6]. - Its main functions include maintaining monetary stability under the linked exchange rate system, promoting the stability and soundness of the banking system, and supporting Hong Kong's status as an international financial center [6].

Group 1 - The Hong Kong Monetary Authority (HKMA) has appointed Zhu Haibin as the Assistant President (Economic Research), effective from October 1, 2025, following recommendations from the Exchange Fund Advisory Committee [1] - Zhu Haibin holds degrees from Peking University, the People's Bank of China, and Duke University, and has extensive experience in macroeconomic and financial stability research [1] - Currently, Zhu serves as Managing Director and Chief Economist for China at JPMorgan, and has previously worked as a senior economist at the Bank for International Settlements [1] Group 2 - The HKMA was established on April 1, 1993, through the merger of the Exchange Fund and the Banking Supervision Division, with four main functions including maintaining monetary stability and promoting the stability of the financial system [2] - The previous Assistant President (Economic Research), Zhang Liling, resigned for personal reasons and will leave the position in May 2025, prompting the HKMA to announce a public recruitment for the role [2]

Core Insights - The U.S. Securities and Exchange Commission (SEC) announced the establishment of an Artificial Intelligence Special Task Force on August 1 [1] - The task force aims to enhance operational innovation and efficiency through the responsible use of AI [1] - Valerie Szczepanik has been appointed as the Chief Artificial Intelligence Officer to lead the task force [1]