马来西亚元/人民币 (MYRCNY) 加自选

上证综指下跌3.06%，收于3267点，而深证成分股周五暴跌3.52%，收于10439点，创下三周来的最低水平，因对中国经济和企业表现的担忧给市场带来了沉重压力。投资者对中国刺激措施在推动经济增长方面的有效性越来越不确定，而对即将上任的特朗普政府提高关税的担忧给经济前景带来了进一步的压力。随着市场为关税的潜在影响做好准备，中国主要公司下调盈利也抑制了市场情绪。科技股受创最为严重，东财信息（-5.4%）、海能达通信（-10%）、四川长虹（-9.7%）、深圳H&T（-6.2%）和曙光信息（-5.2%）均大幅下跌。

The Shanghai Composite dropped 3.06% to close at 3,267, while the Shenzhen Component plunged 3.52% to 10,439 on Friday, marking their lowest levels in three weeks as concerns over China’s economic and corporate performance weighed heavily on the market. Investors grew increasingly uncertain about the effectiveness of China’s stimulus measures in driving economic growth, while fears of higher tariffs under the incoming Trump administration added further pressure to the economic outlook. Downward earnings revisions from major Chinese companies also dampened sentiment, as markets braced for the potential impact of tariffs. Technology stocks were the hardest hit, with significant losses from East Money Information (-5.4%), Hytera Communication (-10%), Sichuan Changhong (-9.7%), Shenzhen H&T (-6.2%), and Dawning Information (-5.2%).

在中国，上海综合指数周五下跌100点，跌幅2.98%。亏损最多的是中国人寿（-4.75%）、新华人寿（-4.60%）和长城汽车（-4.37%）。

In China, the Shangai Composite Index fell 100 points or 2.98 percent on Friday. Leading the losses are China Life Insurance (-4.75%), New China Life (-4.60%) and Great Wall Motor (-4.37%).

上证50指数跌至2613.00点的5周低点。在过去的4周里，上海50指数下跌了3.42%，在过去的12个月里，上涨了8.75%。

SHANGHAI 50 decreased to a 5-week low of 2613.00 Index Points. Over the past 4 weeks, Shanghai 50 lost 3.42%, and in the last 12 months, it increased 8.75%.

由于交易员等待下周中国公布一年期中期贷款利率，离岸人民币兑美元汇率稳定在7.25左右。本周早些时候，中国人民银行将一年期贷款最优惠利率稳定在3.1%，五年期贷款利率为3.6%。在10月和7月降息后，这两个利率都保持在历史最低水平。这些决定突显了中国人民银行对早期刺激措施影响的持续评估，尽管面临持续挑战，中国仍在加大力度应对经济放缓，实现2024年约5%的增长目标。与此同时，今天早些时候，央行强调了其维持货币稳定的努力，特别是在唐纳德·特朗普总统大选胜利后，美元走强加剧了人民币最近的贬值。对中国商品征收更高关税的威胁进一步增加了人民币的压力。

The offshore yuan stabilized around 7.25 per dollar as traders awaited next week’s announcement of China’s one-year Medium-Term Lending Facility rate. Earlier this week, the People's Bank of China kept the one-year loan prime rate steady at 3.1%, alongside the five-year rate at 3.6%. Both rates remain at record lows following cuts in October and July. These decisions highlight the PBoC's ongoing assessment of the impact of earlier stimulus measures as China intensifies efforts to counter its economic slowdown and achieve its 2024 growth target of around 5% despite persistent challenges. Meanwhile, earlier today, the central bank emphasized its efforts to maintain currency stability, particularly as the yuan's recent depreciation has been exacerbated by the U.S. dollar's strength following Donald Trump’s presidential election victory. The threat of higher tariffs on Chinese goods has further added pressure on the yuan.