【环球时报特约记者 任重 环球时报记者 杨舒宇 倪浩】7月9日美国"对等关税"政策暂缓期到期在即，美国总统特朗普再度突然调整该政策方向。 当地时间7日，特朗普签署行政命令，延长所谓"对等关税"暂缓期，将实施时间从7月9日推迟到8月1日。消息一出，美股市场周一低开低收，三大 指数均录得6月中旬以来最差单日表现。 关税生效期再延 "关税威胁造成的不确定性似乎正在减缓投资和招聘"。《纽约时报》称，自特朗普去年11月宣布当选以来，美国工厂建设支出有所下降，从业人 员数量也大幅下降。贸易专家告诉哥伦比亚广播公司，"关税威胁以及这种不确定性使得资金处于观望状态。如果你连一周后的成本都无法预估， 又怎能规划未来的一年呢？这些都造成了不确定性，阻碍投资和经济整体增长。" 同时，越来越多的外资倾向于"逃逸"出美国。7日，德勤的一项新调查显示，只有2%的英国大型企业首席财务官仍然认为美国具有投资吸引力， 较2024年底特朗普上任前的59%大幅下降。官方数据也显示，美国第二季度外商直接投资大降5.2%。 还有越来越多的证据表明，美国通胀压力恐进一步加剧。高盛集团的一份报告预计，企业将把60%的关税成本转嫁给消费者。经济信心也开始下 ...

Group 1 - The forum celebrated the eighth anniversary of the Bond Connect mechanism between mainland China and Hong Kong, themed "Mutual Benefit and Sustainable Development" [1] - The People's Bank of China and the Hong Kong Monetary Authority announced three measures to optimize external opening [1] - The first measure involves improving the operation mechanism of the "southbound" Bond Connect, expanding the scope of domestic investors to include non-bank institutions such as brokerages, funds, insurance, and wealth management [1] - The second measure optimizes the offshore repurchase business mechanism under Bond Connect, allowing for multi-currency transactions and enhancing liquidity management for offshore investors [1] - The third measure enhances the swap connect mechanism to better meet investors' interest rate risk management needs, including expanding the number of market makers and adjusting daily trading limits [1] Group 2 - The Hong Kong Monetary Authority announced specific measures to optimize offshore RMB bond repurchase business, including allowing collateral bonds to be reused during the repurchase period to improve efficiency [2] - The measures also support multi-currency settlements, including HKD, USD, and EUR, set to officially launch on August 25, 2025 [2]

Group 1 - Gold is recognized as a special asset with multiple attributes, serving as an important component of international reserves for various countries, providing benefits such as hedging, anti-inflation, and long-term value preservation [1] - According to the World Gold Council's survey, over 95% of central banks believe that global central banks will continue to increase their gold holdings in the next 12 months, with nearly 43% planning to increase their gold reserves within the year [1] - As of the end of June, China's gold reserves reached 73.9 million ounces, an increase of 70,000 ounces from the end of May, marking the eighth consecutive month of gold accumulation by the central bank [1] Group 2 - China's foreign exchange reserves rose to $33,174 billion as of the end of June, an increase of $32.2 billion or 0.98% from the end of May, maintaining above $3.2 trillion for 19 consecutive months [2] - The increase in foreign exchange reserves in June was influenced by macroeconomic policies and growth prospects of major economies, alongside a 2.5% decline in the US dollar index, which reached a three-year low [2] - The rise in global financial asset prices, including a 1% increase in the dollar-denominated global bond index and a 5% rise in the S&P 500 index, contributed to the increase in foreign exchange reserves [2]

Core Viewpoint - The "Bond Connect" initiative has been a significant milestone in deepening the interconnection between the mainland and Hong Kong capital markets, celebrating its eighth anniversary with new measures to enhance cross-border investment opportunities [1][2]. Group 1: Key Measures Announced - The People's Bank of China and the Hong Kong Monetary Authority announced three key measures to optimize the Bond Connect framework, including expanding the investor base for southbound investments to include non-bank institutions such as brokerages, funds, insurance, and wealth management [2]. - The offshore repurchase business mechanism will be optimized to facilitate liquidity management for overseas investors, allowing transactions in multiple currencies including USD, EUR, and HKD, and simplifying the process for bond account establishment [2]. - The swap connect mechanism will be enhanced to better meet investors' interest rate risk management needs, with plans to expand the range of products and adjust daily trading limits [2]. Group 2: Future Outlook - The Bond Connect is expected to continue serving as a bridge between the Chinese bond market and international investors, promoting the diversification of onshore and offshore RMB product ecosystems [3]. - The new measures aim to better meet the demand for diversified asset allocation from both mainland and global investors, reinforcing Hong Kong's status as an international financial center and a global offshore RMB hub [3].

受美国与贸易伙伴谈判的乐观情绪影响，以及美元走强和美国国债收益率上升的进一步施压，作为避险资产的黄金周二下跌。 截至发稿，现货黄金日内跌幅达1.00%，跌破3300美元/盎司。基准10年期美国国债收益率触及逾两周高点，降低了无息黄金的吸引力；美元指数涨至近两周 高点。 与此同时，市场正等待周三公布的美国联邦储备委员会最新政策会议纪要，多位美联储官员本周将发表讲话，以更深入了解经济和央行的政策路径。 "关税对通胀的持续威胁可能会说服美联储推迟到明年再降息，这将限制黄金价格上涨，"资本经济学（Capital Economics）气候与大宗商品经济学家哈马德· 侯赛因（Hamad Hussain）称。投资者目前预计，美联储将从10月开始降息，到今年年底累计降息50个基点。 Fxstreet分析师指出，3300美元-3295美元区域可能会为黄金的下跌提供缓冲，在该区域下方，金价可能会加速下跌至3270美元水平区域附近的下一个相关支 撑位。这一下行轨迹可能最终会延长至3248-3247美元区间，即6月份的月度低点。 贵金属分析师ChristopherLewis仍认为，考虑到很多地缘政治事件，以及围绕关税战的不确定性，黄 ...

Core Insights - MHmarkets aims to provide seamless trading experiences through a global service network and cross-border support, highlighting the potential of international markets [1][3] - The company has expanded its operations across multiple countries and regions, establishing branches on various continents to offer efficient financial services [3][5] - A focus on localized solutions and advanced technology is essential for enhancing user experience and meeting diverse client needs [3][4] Global Business Strategy - The company utilizes a cross-border support strategy to better serve clients from different regions, ensuring their needs are met promptly [3][4] - By integrating service resources from various countries, the company aims to maintain transaction fluidity and stability [3][4] - Continuous investment in technology and innovation is crucial for optimizing platform stability and security [5][6] Customer Service and Satisfaction - Dedicated customer service teams in different countries help address local client issues, enhancing customer satisfaction and loyalty [4][9] - A multilingual support system facilitates smooth communication with clients from diverse cultural backgrounds [4][9] - The company emphasizes the importance of understanding unique market demands to provide tailored services [4][10] Market Analysis and Risk Management - The use of market analysis tools allows for better understanding of market dynamics and informed investment decisions [6][7] - Diversified investment options help in risk management by spreading investments across various asset classes [6][7] - The company employs strict market analysis and a dedicated risk management team to monitor and respond to potential risks [16] Technology and User Experience - The platform's user interface is designed for simplicity and efficiency, directly impacting user satisfaction [11][12] - Continuous feedback collection from users is vital for understanding their needs and making targeted improvements [12][13] - The company is committed to enhancing cross-platform usability to ensure seamless experiences across devices [11][12]

Core Viewpoint - Jane Street has denied all allegations made by the Securities and Exchange Board of India (SEBI), claiming that its reputation has been tarnished by "erroneous or baseless reports" [1] Group 1: Allegations and Responses - SEBI issued a temporary ban on Jane Street, accusing the firm of "malicious market manipulation" and freezing its funds amounting to 48.4 billion rupees (approximately 4 billion yuan) in India [1] - Jane Street emphasized that its trading activities are based on standard arbitrage and hedging strategies aimed at ensuring price consistency of financial instruments and providing necessary market liquidity [1][2] Group 2: Specific Trading Practices - In a 105-page investigation report, SEBI focused on two controversial trading practices: intraday index manipulation and closing price manipulation, using a specific trading example from January 17, 2024 [2] - Jane Street refuted the intraday index manipulation claims, stating that the questioned trading behavior was a routine index arbitrage operation, aimed at narrowing the price discrepancy between the BANKNIFTY index in the stock and options markets [2][4] Group 3: Risk Management Strategies - Regarding the closing price manipulation allegations, Jane Street argued that due to the unique cash settlement period for options in the Indian market, liquidity providers must hedge their risk exposure before options expiration, which is a globally accepted risk management strategy [4] Group 4: Communication with SEBI - SEBI accused Jane Street of lacking cooperation and ignoring regulatory communications, stating that the firm's actions constituted an "emergency risk" [5] - Jane Street countered that it has been responsive and transparent since SEBI's request for trading information in August 2024, and has actively communicated with exchanges to adjust trading practices [5] - The company expressed disappointment over SEBI's failure to respond to multiple requests for dialogue while issuing reports claiming the firm ignored concerns [5]

Group 1 - The core viewpoint of the news is that Qingke Chuangye has been actively repurchasing its shares, signaling confidence in its future development and potentially indicating that its stock is undervalued [1][3] - As of July 8, 2025, Qingke Chuangye repurchased 2,800 shares at an average price of 1.12 HKD per share, totaling approximately 3,140 HKD, with a cumulative repurchase of 1.6732 million shares this year, representing 0.55% of its total share capital [1] - The stock repurchase activity is seen as a strategy to enhance earnings per share and stabilize stock prices, thereby boosting investor confidence during market volatility [1] Group 2 - Qingke Chuangye is a publicly listed company in Hong Kong, focusing on the entrepreneurial and investment ecosystem, providing a wide range of products and services [2] - The company has a strong presence in the entrepreneurial services sector, offering information, data, and research reports to entrepreneurs, investors, and industry participants [2] - Qingke Chuangye plays a significant role in the entrepreneurial investment ecosystem by organizing various entrepreneurial events to facilitate communication and financing for startup projects [2]

Core Viewpoint - The article discusses the challenges faced by the Bank of Japan (BOJ) in normalizing monetary policy amid rising uncertainties due to U.S. tariffs and declining real wages in Japan, which complicate the economic outlook [1][4]. Group 1: Economic Indicators - Japan's real wages adjusted for inflation fell by 2.9% year-on-year in May, marking the largest decline in nearly two years, primarily due to inflation outpacing wage growth [5]. - The consumer inflation rate in Japan rose by 4.0% year-on-year in May, which has consistently exceeded the BOJ's target of 2% for over three years [5]. - Japan's economy contracted by 0.2% in the first quarter due to a decline in exports, marking the first shrinkage in a year [6]. Group 2: Impact of U.S. Tariffs - President Trump announced a plan to impose tariffs ranging from 25% to 40% on imports from Japan and 13 other countries starting August 1, which could further exacerbate uncertainties in Japan's economic outlook [1][4]. - If the tariffs are fully implemented, Japan's GDP could potentially decline by 0.8 percentage points, with the automotive sector's profits expected to decrease by $19 billion [6]. Group 3: Monetary Policy Dilemma - The BOJ faces a dilemma between raising interest rates to control inflation and maintaining low rates to support economic growth amid increasing tariff uncertainties [8]. - Market analysts are divided on the BOJ's next steps, with some suggesting that the current economic conditions may delay any rate hikes [8]. - Some experts argue that the BOJ should maintain its current stance to buy time against tariff uncertainties, while others emphasize the need for a commitment to future rate increases [9].

Market Overview - The market experienced a strong upward trend throughout the day, with the ChiNext Index leading the gains and the Shanghai Composite Index approaching 3500 points. The total trading volume in the Shanghai and Shenzhen markets reached 1.45 trillion, an increase of 245.3 billion compared to the previous trading day [1]. Stock Performance - The market showed a mixed performance with more stocks rising than falling, as over 4200 stocks recorded gains [2]. - In terms of sectors, computing hardware stocks saw a collective surge, with Industrial Fulian hitting the daily limit and companies like Shenghong Technology reaching new historical highs. Additionally, photovoltaic concept stocks experienced a rebound, with major stocks like Tongwei Co. hitting the daily limit and popular stock Yamaton achieving a "limit-up" performance [3]. Sector Activity - Various sectors such as large finance, stablecoins, and gaming showed active trading. The photovoltaic, PCB, CPO, and gaming sectors led in terms of gains, while insurance, banking, and electricity sectors faced declines [4]. Institutional Activity - Institutional participation increased compared to the previous day, with 20 stocks having a net trading amount exceeding 10 million. Among these, 6 stocks were net bought and 14 were net sold. Notable net purchases included Dazhihui at 540 million, Zhongyou Capital at 93.46 million, and Saili Medical at 83.14 million, while Dongcai Technology was net sold [5].