人民币/港币 (CNYHKD) 加自选

由于全球经济的不确定性，2025年前七个月，中国的外国直接投资（FDI）同比下降13.4%，至4673.4亿元人民币。按行业划分，制造业吸引了1210.4亿元人民币，而服务业所占份额较大，为3362.5亿元人民币。高新技术产业仍然是一个亮点，实际吸引外资1373.6亿元。其中，电子商务服务业增长146.8%，航空航天和设备制造业增长42.2%，化学制药制造业增长37.4%，医疗设备和器械制造业增长25.5%。从地区角度来看，东盟投资增长1.1%，而瑞士、日本和英国分别大幅增长63.9%、53.7%和19.5%。尽管整体下降，但外国对中国高科技行业的兴趣仍然强劲，突显出投资者对先进产业的持续关注。

Foreign direct investment (FDI) in China dropped 13.4% year-on-year to CNY 467.34 billion in the first seven months of 2025, amid global economic uncertainty. By sector, the manufacturing industry attracted CNY 121.04 billion, while the services sector accounted for a larger share at CNY 336.25 billion. High-tech industries remained a bright spot, drawing CNY 137.36 billion in actual foreign investment. Within that segment, e-commerce services surged 146.8%, aerospace and equipment manufacturing rose 42.2%, chemical pharmaceutical manufacturing grew 37.4%, and medical equipment and device manufacturing increased 25.5%. From a regional perspective, ASEAN investment rose 1.1%, while Switzerland, Japan, and the UK recorded sharp gains of 63.9%, 53.7%, and 19.5%, respectively. Despite the overall decline, foreign interest in China’s high-tech sectors remained robust, highlighting continued investor focus on advanced industries.

周五，恒生指数上涨212点，涨幅0.8%，收于25317点，较前一交易日的下跌有所回升，中国内地股市因科技乐观情绪再次高涨而创下十年新高。周四，DeepSeek推出升级版V3 AI模型后，恒生科技指数飙升2.7%，随着北京发展芯片自给自足，该模型得到了国内半导体的支持。在7月份中国经济活动放缓的迹象出现后，消费者股也大幅上涨，寄希望于北京方面出台新的刺激措施。在当地，香港7月份的年度通胀率降至1.0%的4年低点，这是连续第三个月放缓。官员们指出，该市的成本压力保持稳定，预计通胀在短期内将保持温和。涨幅较大的公司包括中芯国际（9.7%）、比亚迪电子（5.9%）、地平线机器人（4.9%）、快手科技（4.3%）和小米公司（2.1%）。本周，该指数上涨0.3%，连续第三周上涨。

The Hang Seng climbed 212 points or 0.8% to close at 25,317 on Friday, rebounding from the prior session’s losses as mainland Chinese markets hit a decade high on renewed tech optimism. The Hang Seng Tech Index surged 2.7% after DeepSeek unveiled an upgraded V3 AI model on Thursday, with support from domestic semiconductors as Beijing develops chip self-sufficiency. Consumer shares also rose sharply on hopes of fresh stimulus from Beijing after signs of slowing Chinese activity in July. Locally, Hong Kong’s annual inflation eased to a 4-year low of 1.0% in July, the third straight month of slowdown. Officials noted cost pressures in the city remained stable and expected inflation to stay subdued in the near term. Notable gainers included SMIC (9.7%), BYD Electronic (5.9%), Horizon Robotics (4.9%), Kuaishou Tech (4.3%), and Xiaomi Corp. (2.1%). For the week, the index added 0.3%, extending gains for the third successive week.

周五，上证综指飙升1.45%，收于3826点，而深证成分股上涨2.07%，收于12166点，由于强劲的基金轮换和零售购买推动了反弹，深证综指创下十年新高。最近几周，随着投资者从债券转向股票，中国股市大幅上涨，保证金融资攀升至2015年牛市期间的水平。尽管国内经济数据仍然疲软，政策支持相对温和，但美中贸易紧张局势的缓解和北京遏制过度竞争的举措也支撑了市场情绪。投资者还期待美联储主席杰罗姆·鲍威尔在杰克逊霍尔的演讲，以了解全球利率前景的信号。其中，中兴通讯股价上涨9.4%，寒武纪科技股价上涨20%，海健信息股价上涨20%。本周，上证综指上涨3.49%，深证成分股上涨4.57%。

The Shanghai Composite surged 1.45% to close at 3,826 on Friday, while the Shenzhen Component rallied 2.07% to 12,166, with the former scaling a new decade high as strong fund rotations and retail buying fueled the rally. Chinese equities have advanced sharply in recent weeks as investors shifted out of bonds into stocks, with margin financing climbing to levels last seen during the 2015 bull market. Sentiment has also been underpinned by easing US-China trade tensions and Beijing’s moves to curb excessive competition, even as domestic economic data remain weak and policy support relatively modest. Investors also looked ahead to Federal Reserve Chair Jerome Powell’s Jackson Hole speech for signals on the global interest rate outlook. Among notable movers, ZTE Corp jumped 9.4%, Cambricon Technologies surged 20%, and Hygon Information soared 20%. For the week, the Shanghai Composite rose 3.49% and the Shenzhen Component gained 4.57%.

在中国，上海综合指数周五上涨53点，涨幅1.41%。涨幅最大的是中信证券（3.59%）、用友软件（3.56%）和中国联合网络（3.36%）。

In China, the Shangai Composite Index went up by 53 points or 1.41 percent on Friday. Top gainers were CITIC Securities (3.59%), Yonyou Soft (3.56%) and China United Network (3.36%).