澳元/美元 35% 65% 澳元/日元 32% 68% 加元/日元 22% 78% 纽元/美元 54% 46% 纽元/日元 67% 33% 美元/离岸人 87% 13% 民币 免责声明:本图表数据来源于公众号:嘉盛集团,数据仅供参考,不作为任何投资建议。 香港恒生指数 41% 59% 标普500指数 20% 80% 纳斯达克指数 79% 21% 道琼斯指数 74% 26% 日经225指数 69% 31% 德国DAX40指 14% 86% 数 外汇 r 多头 空头 欧元/美元 24% 76% 欧元/英镑 76% 24% 欧元/日元 37% 63% 欧元/澳元 33% 67% 英镑/美元 20% 80% 英镑/日元 43% 57% 美元/日元 49% 51% 美元/加元 63% 37% 美元/瑞郎 13% 87% 美国债务担忧加剧，投资者从国债中撤资，转向避险黄金，不确定性扩散为黄金多头撑腰、施压美股股指，纳指卖出信号逼 近，后市情绪如何？欢迎前往"数据库-嘉盛市场晴雨表"查看并订阅（数据每10分钟更新1次） ...

Core Viewpoint - The results of the 20-year U.S. Treasury bond auction have influenced market movements, with gold prices maintaining a 0.7% increase and the U.S. dollar showing a decline against the yen and Swiss franc [1] Group 1: Market Reactions - Spot gold prices stabilized around $3,315, reflecting a 0.7% increase following the auction results [1] - The U.S. dollar to Japanese yen exchange rate experienced a decline of approximately 0.7%, reaching 143.57 yen, with a low of 143.29 yen recorded [1] - The U.S. dollar to Swiss franc exchange rate saw a reduced decline of 0.48%, trading at 0.8242, with a previous low of 0.8230 and a day low of 0.8210 [1]

Core Viewpoint - The article emphasizes the increasing flow of international funds towards innovative leading technology companies and strategically valuable future industries, reflecting investor sentiment and market assessments of political and economic situations [1][2]. Group 1: Market Trends - The Hong Kong dollar has remained strong, nearing 7.75 HKD to 1 USD, leading to the Hong Kong Monetary Authority injecting approximately 129 billion HKD into the market [1]. - The Hang Seng Index has shown a year-to-date increase of about 16%, outperforming other major markets, with average daily trading volume in April exceeding 270 billion HKD, a 1.4 times increase compared to the same period last year [1][2]. Group 2: New Stock Market Activity - The upcoming listing of a prominent mainland new energy company on May 20 is expected to be the largest IPO globally this year, contributing to a total of over 60 billion HKD in new stock fundraising in Hong Kong, which is more than six times the amount from the previous year [2]. Group 3: Government Initiatives - The Hong Kong government aims to attract global research elites, leading technology companies, and outstanding startups, while enhancing financing channels to support technological innovation and create quality employment opportunities [3]. - The Hong Kong Investment Management Company is actively investing in over 100 projects, leveraging each 1 HKD investment to attract 4 HKD in long-term market capital, thereby fostering the technology innovation ecosystem [3].

加速推进金融市场制度型开放 在经济全球化深度演进的当下，我国金融市场的开放已从"政策性让利"迈向"制度型对接"的更高维度。 "对全球投资者而言，中国加速推进金融市场制度型开放，通过规则、规制、管理、标准等制度层面的 系统性升级，为国际资本深度配置中国金融资产打开新空间，这既是中国经济高质量发展的必然要求， 也将为全球金融市场注入新的增长动能与稳定性预期。"清华大学五道口金融学院《中国金融政策报 告》项目执行负责人、原国泰君安首席经济学家何海峰在接受《证券日报》记者采访时表示。 对于加速推进金融市场制度型开放，何海峰表示，要进一步完善相关制度体系。一方面，要优化金融市 场制度型开放的规则和机制，提升开放的深度和广度；另一方面，需持续强化单体机构合规风控体系、 微观审慎监管和宏观审慎管理，建立更有效的跨境资金流动监测和跨市场风险预警机制，加强国际监管 协作，以更好地平衡开放与风险，推动中国金融强国建设。 中国始终践行高水平对外开放承诺，始终欢迎外国企业投资中国。同时，监管层坚定不移持续推进市 场、机构全方位制度型开放，拓宽境外上市渠道，鼓励外资机构来华投资展业。 "资本永远流向能够给它带来最高回报的地方。"清华大 ...

Group 1 - The South Korean Ministry of Finance is closely monitoring the financial and foreign exchange markets, indicating a proactive approach to market stability [1] - The overall assessment of the market is stable at present, suggesting no immediate concerns regarding volatility or significant fluctuations [1]

Group 1 - The recent rebound in US stocks indicates a new threshold for losses on Wall Street before Trump's policy adjustments [1] - Following Trump's election victory in November, US stock indices reached historical highs until trade disputes began in January, leading to market volatility [1] - The S&P 500 index has shown a recovery, suggesting a potential bottom line around an 18.5% decline from its peak [1] Group 2 - Concerns arose when Trump appeared indifferent to the stock market's decline, raising doubts about the support for the market [2] - The "Trump put" seems to be effective in the S&P 500 index range of 5000 to slightly above 5000 points [2] - The market's panic in early April was partly due to fears that the "Trump put" would not materialize until the S&P 500 index fell below 4000 points [2] Group 3 - There are uncertainties regarding Trump's future stance on trade after the passage of a new budget proposal [3] - The political costs or financial losses from recent market turmoil may have influenced the decision to pause tariffs [3] - Trump's need for congressional votes to pass the budget may impact his trade policy statements [3]

| 大类资产早报 | | --- | 研究中心宏观团队 2025/05/15 | | 全 球 资 产 市 场 表 现 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 主要经济体10年期国债收益率 | | | | | | | | | | 美国 | 英国 | 法国 | 德国 | 意大利 | 西班牙 | 瑞士 | 希腊 | | 2025/05/14 | 4.538 | 4.712 | 3.378 | 2.698 | 3.710 | 3.316 | 0.354 | 3.458 | | 最新变化 | 0.071 | 0.043 | 0.025 | 0.020 | 0.013 | 0.019 | -0.009 | 0.010 | | 一周变化 | 0.267 | 0.254 | 0.184 | 0.225 | 0.163 | 0.188 | 0.158 | 0.164 | | 一月变化 | 0.046 | -0.040 | 0.027 | 0.131 | -0.100 | 0.019 | -0.041 | -0.062 ...

Group 1 - The recent increase in the forced redemption ratio of convertible bonds has returned to around 70%, indicating that investors have made profits while companies have successfully raised funds, resulting in a win-win situation [1][2] - Convertible bonds serve as a financial instrument that combines characteristics of both bonds and stocks, facilitating a mutually beneficial relationship between investors and companies [1][2] - Investors benefit from convertible bonds by having the option to convert into equity during favorable market conditions, thus sharing in the company's performance and asset appreciation [1][2] Group 2 - For listed companies, convertible bonds are an effective financing tool, offering lower financing costs and minimal dilution of equity compared to traditional financing methods [2] - The issuance of convertible bonds allows companies to raise necessary funds for growth without immediately increasing equity pressure, thereby enhancing their capital structure and market competitiveness [2] - The rise in the forced redemption ratio reflects the healthy operation of market mechanisms, ensuring fair and efficient functioning of the convertible bond market [2]

Group 1 - The high-level economic talks between China and the US have made substantial progress, alleviating global concerns about escalating trade tensions and boosting confidence in the global economy [1] - The agreement to suspend punitive tariffs has been welcomed by the container shipping industry, with potential for increased shipping demand as importers of critical medical supplies may initiate emergency restocking [4] - The average shipping time for trans-Pacific trade is approximately 22 days, and many clients may utilize the 90-day suspension period to transport as many goods as possible to the US [4] Group 2 - The 90-day suspension period provides Chinese e-commerce platforms with time to replenish inventory in the US, potentially allowing for bulk shipments via container ships [7] - The progress made in the Geneva economic talks has positively impacted global financial markets, with the S&P 500 index rising by 3.3% and the Nasdaq composite index increasing by 4.3% [8] - The Nikkei index experienced its highest increase since February 25, indicating a positive market response to the developments in the US-China economic discussions [8]

金十数据5月13日讯，市场和美联储密切关注的美国CPI数据将于北京时间今晚20:30公布。机构指出，4 月通胀可能加速，关税传导效应或初现端倪。届时金银和汇市恐剧烈波动，点击查看更多前瞻... 相关链接 今晚20:30 CPI风暴来袭 ...