周四，上证综指上涨0.2%，收于3640点以上，而深证成分股下跌0.2%，收于11155点。由于投资者正在为最新的贸易数据做准备，这些数据可能揭示全球贸易动态变化对中国出口导向型经济的影响，内地股市难以确定方向。本周早些时候，美国总统唐纳德·特朗普表示，延长将于8月12日到期的当前美中贸易休战的协议“非常接近”。然而，在他对进口半导体（不包括在美国制造的公司）征收100%的关税，并因俄罗斯继续购买石油而将印度商品的关税加倍至50%后，紧张局势再次出现。市场也在等待本周晚些时候公布的中国通胀数据，以获得有关国内需求和经济健康的更多信号。在企业方面，显著上涨的包括中国证监会（+3.5%）、富士康工业（+5.9%）和中国造船（+4.3%）。

The Shanghai Composite rose 0.2% to above 3,640 while the Shenzhen Component lost 0.2% to 11,155 on Thursday, with mainland stocks struggling for clear direction as investors braced for the latest trade figures that could shed light on the impact of shifting global trade dynamics on China’s export-heavy economy. Earlier this week, US President Donald Trump said a deal to extend the current US-China trade truce, set to expire on August 12, was “very close.” However, tensions resurfaced after he imposed a 100% tariff on imported semiconductors, excluding companies manufacturing in the US, and doubled tariffs on Indian goods to 50% due to continued Russian oil purchases. Markets are also awaiting China’s inflation figures due later this week for additional signals on domestic demand and economic health. On the corporate front, notable gainers included China CSSC (+3.5%), Foxconn Industrial (+5.9%), and China Shipbuilding (+4.3%).

上海指数升至3639.00点，为2024年10月以来的最高点。在过去的4周里，上海证券交易所综合指数上涨了3.9%，在过去的12个月里，它上涨了26.62%。

SHANGHAI increased to 3639.00 Index Points, the highest since October 2024. Over the past 4 weeks, Shanghai Stock Exchange Composite Index gained 3.9%, and in the last 12 months, it increased 26.62%.

周三，上证综指上涨0.45%，收于3634点，而深证成分股上涨0.64%，收于11178点，这是连续第三个交易日上涨，因为人们对美中贸易谈判的进展越来越乐观。唐纳德·特朗普总统表示，延长将于8月12日到期的当前贸易休战的协议“非常接近”。他还表示，一旦谈判结束，可能在年底前与中国习近平主席主席会面。与此同时，投资者正在等待中国发布新的贸易和通胀数据，以评估全球贸易动态变化对国内经济的影响。涨幅较大的公司包括中国证监会（10%）、胜利巨人（4.3%）、山河智能（1.9%）、易通科技（2.2%）和卧龙电气（6.7%）。

The Shanghai Composite rose 0.45% to close at 3,634 on Wednesday, while the Shenzhen Component gained 0.64% to 11,178, marking a third straight session of gains as optimism grew over progress in US-China trade talks. President Donald Trump said a deal to extend the current trade truce, set to expire on August 12, was “very close.” He also signaled plans to meet with Chinese President Xi Jinping once negotiations conclude, likely before the end of the year. Meanwhile, investors await fresh trade and inflation data from China to assess the impact of shifting global trade dynamics on the domestic economy. Notable gainers included China CSSC (10%), Victory Giant (4.3%), Sunward Intelligence (1.9%), Eoptolink Technology (2.2%), and Wolong Electric (6.7%).

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China’s 10-year government bond yield fell to around 1.69% on Wednesday, extending its decline from the previous session as investors digested recent progress in the US-China trade truce. President Donald Trump said that Washington and Beijing are "very close" to extending the current agreement, which is set to expire on August 12. The truce has so far helped prevent new tariffs and eased pressure on key export sectors. He also mentioned that he would be open to meeting Chinese President Xi Jinping by the end of the year—if a formal deal is reached. Meanwhile, the Finance Ministry announced that it will reinstate taxes on interest income from bonds issued by governments and financial institutions, ending a decades-long exemption starting August 8. The move affects nearly 70% of outstanding bonds, sparking concerns about rising borrowing costs amid ongoing economic pressures. Investors are now eyeing tomorrow’s trade data to assess the impact of the trade truce on the domestic economy.