新台币/人民币 (TWDCNY) 加自选

台湾中央银行在2025年9月的会议上将其关键贴现率维持在2%，符合市场预期。这一决定反映了在全球不确定性中采取的谨慎态度，包括美国贸易政策、央行主要行动、中国经济增长放缓和地缘政治风险。台湾经济在2025年上半年表现出色，这得益于对人工智能和新兴技术的强劲需求、强劲的出口和不断扩大的私人投资。央行将2025年的GDP预测上调至4.55%。2025年1月至8月的CPI平均为1.83%，部分原因是最近天气条件下食品价格上涨，而核心CPI上涨了1.64%。央行预计全年CPI和核心CPI分别增长1.75%和1.67%，均低于2024年2.18%和1.88%的水平。该行强调，保持政策利率稳定旨在应对全球经济不确定性和美国贸易政策风险，同时支持国内稳定增长和通胀持续放缓。

The Central Bank of Taiwan maintained its key discount rate at 2% in its September 2025 meeting, in line with market expectations. The decision reflects a cautious approach amid global uncertainties, including US trade policy, major central bank actions, slowing growth in China, and geopolitical risks. Taiwan’s economy outperformed in H1 2025, supported by strong demand for AI and emerging technologies, robust exports, and expanding private investment. The central bank raised its GDP forecast for 2025 to 4.55%. CPI for January–August 2025 averaged 1.83%, partly due to elevated food prices amid recent weather conditions, while core CPI rose 1.64%. The central bank projects full-year CPI and core CPI growth of 1.75% and 1.67%, respectively, both below 2024 levels of 2.18% and 1.88%. The Bank emphasized that keeping the policy rate steady aims to navigate global economic uncertainties and US trade policy risks, while supporting stable domestic growth and continued moderation in inflation.

2025年8月，台湾广义M2货币供应量同比增长4.76%，达到661850亿新台币的历史新高，较上月的3.42%有所加快。这一增长主要是由于活期存款年增长率较高，外汇存款下降幅度较小。考虑到今年前八个月，年均增长率为4.24%。

The Broad M2 money supply in Taiwan increased by 4.76% year-on-year to an all-time high of TWD 66,185 billion in August 2025, accelerating from a 3.42% gain in the previous month. This growth was mainly driven by a higher annual growth rate of demand deposits and a smaller decline in foreign exchange deposits. Considering the first eight months of the year, the average annual growth rate stood at 4.24%.

在中国，上海综合指数周四下跌44点，跌幅1.13%。北汽蓝园（-5.01%）、中国东方航空（-3.81%）和中国铝业（-3.77%）领跌。

In China, the Shangai Composite Index decreased 44 points or 1.13 percent on Thursday. Losses were driven by BAIC BluePark (-5.01%), China Eastern Airlin (-3.81%) and Aluminum Corporation of China (-3.77%).

周四，上证综指下跌1.15%，收于3832点，而深证成分股下跌1.06%，收于13076点，在两个指数在当天早些时候触及多年新高后出现大幅逆转。由于下跌背后没有单一的催化剂，投资者质疑最近反弹的持久性，获利回吐似乎占主导地位。本月市场也一直处于紧张状态，有报道称，北京可能会采取措施遏制投机行为，以保护散户投资者免受大幅亏损。另外，据报道，中国网络空间监管机构下令包括阿里巴巴在内的公司停止购买英伟达的RTX Pro 6000D，这是一种适用于人工智能的工作站芯片。科技和新能源股领跌，东方财富信息（-4.4%）、寒武纪科技（-1.3%）、胜利巨人（-3.1%）和现代安培（-2.5%）均遭受重创。

The Shanghai Composite sank 1.15% to 3,832 while the Shenzhen Component fell 1.06% to 13,076 on Thursday, staging a steep reversal after both indexes touched fresh multi-year highs earlier in the day. With no single catalyst behind the drop, profit-taking appeared to dominate as investors questioned the durability of the recent rally. Markets have also been on edge this month amid reports that Beijing may move to curb speculation to shield retail investors from steep losses. Separately, China’s cyberspace regulator reportedly ordered firms including Alibaba to halt purchases of Nvidia’s RTX Pro 6000D, a workstation chip adaptable for AI. Technology and new energy shares led the downturn, with heavy losses in East Money Information (-4.4%), Cambricon Technologies (-1.3%), Victory Giant (-3.1%) and Contemporary Amperex (-2.5%).