Group 1: Market Overview - The report highlights that the escalation of the US tariff war is expected to have a limited impact on the Hong Kong stock market, which is projected to reach new highs [7] - The Hong Kong Hang Seng Index has shown a year-to-date increase of 20.34%, indicating strong market performance despite external pressures [2] - The report notes that the US stock market indices reached historical highs, reflecting a resilient risk appetite among investors [8] Group 2: Investment Opportunities - The biotechnology sector in Hong Kong is identified as a key driver of market recovery, with Chinese pharmaceutical companies transitioning from generic to innovative drug development [9] - The report suggests that the overall market capitalization of Chinese biotech companies is only 14%-15% of that in the US, while contributing nearly 33% to global innovation, indicating significant growth potential [9] - The report recommends focusing on the medical and stablecoin sectors within the Hong Kong market for potential investment opportunities [12] Group 3: Currency and Fund Performance - The US dollar index has shown a strong weekly performance, indicating a potential bottoming out, with expectations for the USD/CNY exchange rate to fluctuate between 7.1 and 7.4 [10] - The report lists several funds with notable performance, including the Huaxia Hang Seng Biotechnology Index ETF, which has a one-year return of 87.57% [14] - Investors are advised to consider dollar-denominated money market funds for stable returns amidst currency fluctuations [11]

Group 1: Fund Performance - The Guosen Hong Kong Selected Fund showed significant performance, with the Huaxia Hang Seng Hong Kong Biotechnology Index ETF achieving a weekly increase of 13.127% and a one-year return of 75.170% [1] - The Taikang Kaitai Overseas Short-Term Bond Fund had a modest weekly increase of 0.135% and a one-year return of 6.360% [1] - The High Teng Micro Gold Dollar Money Market Fund and Huaxia Selected Dollar Money Fund also reported slight weekly increases of 0.085% and 0.082% respectively [1] Group 2: Global Asset Performance - The US dollar index decreased by 1.01% this week and is down 9.50% year-to-date, currently at 98.184 [2] - The 2-year and 10-year US Treasury yields fell by 2.20% and 2.37% respectively, with current yields at approximately 3.9475% and 4.3987% [2] - The Hong Kong Hang Seng Index increased by 0.42% this week, while the Hang Seng Technology Index decreased by 0.89% [2] Group 3: Economic Data and Federal Reserve Outlook - Recent economic data in the US shows improvement, with the core inflation rate in May being below expectations for the fourth consecutive month, indicating that businesses are absorbing tariff costs [8] - The consumer confidence index has improved for the first time in six months, alleviating concerns over tariff pressures [8] - The Federal Reserve is expected to maintain interest rates this summer, as employment data remains strong, with non-farm payrolls exceeding expectations and the unemployment rate steady at 4.2% [8][10] Group 4: Trade Negotiations and Market Reactions - Recent US-China trade negotiations yielded limited progress, maintaining high tariff levels and leaving significant issues unresolved, particularly regarding rare earths and chip exports [9] - The market reaction to the trade talks was muted, with slight fluctuations in US stocks and the dollar [9] - The overall uncertainty in trade relations continues to pose risks for economic stability and inflation [9]

彭博与香港中资基金业协会共同揭晓 年度"离岸中国基金大奖" 得奖名单，并庆祝此项业 界盛事成立十周年。今年活动共评选出3 7项大奖，颁发予表现出众并对离岸中资基金行 业发展作出卓越贡献的基金及管理团队。基金表现奖项根据彭博统计数据及专属方法计算 所得。 来自政府、监管机构及业界的代表出席颁奖典礼，探讨香港离岸基金市场机遇，分享真知 灼见，并就当前的监管环境及行业未来发展展开深入讨论，为离岸中国基金管理业持续发 展及合作奠定基础。 香港特别行政区政府署理财经事务及库务局局长陈浩濂 于20 2 5年3月2 0日在颁奖典礼上致 辞时表示： 香港所管理的资产规模印证了香港作为国际投资者首选的亚洲资产及财富管理枢纽的地 位。承接近年的强劲增长，我们会继续通过不同措施推动香港资产及财富管理的发展。 香港要把握好'三中心、一高地'的战略定位，用好'一国两制'的优势，在国家的坚实支持 下，巩固提升优势产业。我期望中资基金业的同仁可在促进香港与内地金融巿场的交流 合作中发挥桥梁作用，将香港的金融巿场继续做大做强，协助香港进一步巩固和提升国 际金融中心地位。" 香港特别行政区政府署理财经事务及库务局局长陈浩濂 香港证券及期货事务 ...