人民币/港币 (CNYHKD) 加自选

据新华社报道，中国主要政策性银行周四宣布，中国已通过一种新的政策性金融工具拨款5000亿元人民币（705.6亿美元）以促进投资。国家开发银行、中国进出口银行和中国农业发展银行分别拨款2500亿元、1000亿元和1500亿元，支持重点地区项目建设，解决经济薄弱环节。根据政策性银行的统计数据，该倡议预计将刺激超过7万亿元的投资。该金融工具优先考虑技术创新、消费扩张和外贸稳定项目，同时支持主要经济省份的举措和私人投资项目。

China has allocated a total of 500 billion yuan (USD 70.56 billion) through a new policy-based financial instrument to boost investment, the country’s major policy banks announced on Thursday, according to Xinhua. The China Development Bank, the Export-Import Bank of China, and the Agricultural Development Bank of China allocated 250 billion yuan, 100 billion yuan, and 150 billion yuan, respectively, to support the construction of projects in key areas and address weak links in the economy. The initiative is expected to stimulate more than 7 trillion yuan in investment, according to the policy banks’ statistics. The financial instrument prioritizes projects in technological innovation, consumption expansion, and foreign trade stabilization, while also supporting initiatives in major economic provinces and private investment projects.

恒生指数周四下跌63点，跌幅0.2%，收于26283点，扭转了早盘涨势，标志着第二个交易日下跌。鉴于过去的谈判最初显示出了希望，但后来出现了动摇，市场质疑特朗普总统和Xi会晤后可能达成的美中贸易协议是否会持续，市场情绪变得谨慎。特朗普表示，美国将很快将中国的芬太尼关税降至10%，而北京的稀土出口限制将暂停一年，但交易员仍对该协议的持久性持谨慎态度。在中国10月PMI数据和香港第三季度GDP报告发布之前，谨慎也有所增加。美联储今年第二次降息后，美国期货涨跌互现，这表明进一步宽松政策没有保证。大多数行业以房地产和科技股领跌。Techtronic Industries下跌（-5.0%），紧随其后的是Sunny Optical Tech（-4.8%）、Prada Spa（-4.3%）、Trip.com（-3.4%）和Henderson Land Development（-2.6%）。

The Hang Seng fell 63 points, or 0.2%, to close at 26,283 on Thursday, reversing early gains and marking the second session of declines. Sentiment turned cautious as markets questioned whether the potential U.S.-China trade deal following a meeting between President Trump and Xi Jinping would hold, given past negotiations that initially showed promise but later faltered. Trump said the U.S. will soon cut China’s fentanyl tariffs to 10%, while Beijing’s rare earth export curbs will be suspended for one year, but traders remained wary about the deal’s durability. Caution also grew ahead of China’s October PMI readings and Hong Kong’s Q3 GDP report. U.S. futures were mixed after the Fed’s second rate cut of the year, which signaled that further easing is not guaranteed. Most sectors ended in the red, led by property and technology. Techtronic Industries slipped (-5.0%), followed by Sunny Optical Tech (-4.8%), Prada Spa (-4.3%), Trip.com (-3.4%), and Henderson Land Development (-2.6%).

周四，离岸人民币兑美元走软至7.10左右，从前一交易日创下的近一年高点回落，因投资者对Trump-Xi会议感到失望。在特朗普上任以来的首次会面中，两位领导人同意将临时贸易休战再延长一年，美国暂停出口管制的“50%规则”，中国暂停稀土出口限制。会议的其他主要亮点包括美国和中国共同承诺解决芬太尼控制和扩大农业贸易等问题，以及建设性地解决与TikTok有关的问题。然而，尽管中国的声明语气乐观，但提供的具体细节有限，表明双方必须进一步完善和最终确定协议。在国内，投资者等待即将公布的PMI数据，官方数据将于本周公布，私人调查也将紧随其后。

The offshore yuan weakened to around 7.10 per dollar on Thursday, retreating from a near one-year high reached in the earlier session as investors were left underwhelmed by the Trump-Xi meeting. In their first encounter since Trump’s return to office, the two leaders agreed to extend their temporary trade truce for another year, with the US pausing the "50% rule" on export controls and China suspending rare earth export restrictions. Other key highlights of the meeting included the joint commitment of the US and China to address issues such as fentanyl control and the expansion of agricultural trade, along with the constructive resolution of matters related to TikTok. However, while China’s readout adopted an optimistic tone, it offered limited specifics, indicating that both sides must further refine and finalize the agreements. Domestically, investors await upcoming PMI data, with official figures due this week and private surveys to follow.

中国商务部：同意暂停稀土出口管制一年。中国商务部：同意暂停稀土出口管制一年

China's Commerce Ministry: Agrees to pause rare earth export controls for a year.China's Commerce Ministry: Agrees to pause rare earth export controls for a year