人民币/港币 (CNYHKD) 加自选

中国央行成立新的金融稳定委员会。中国央行周五表示，已成立宏观审慎和金融稳定委员会，以帮助化解金融风险，并承诺保持宽松政策。

China's central bank sets up new financial stability committee.China's central bank has set up a macroprudential and financial stability committee to help defuse financial risks, it said on Friday, pledging to maintain accommodative policy.

恒生指数周五下跌265点，跌幅1.1%，收于24508点，连续第四个交易日下跌，触及两周低点。美国对数十个贸易伙伴征收高额关税后，风险情绪减弱，而美国期货在6月通胀数据升温后大幅下跌。预计新关税将增加价格压力，加剧对进一步通胀的担忧。在今天晚些时候公布的美国就业数据公布之前，交易员也变得谨慎。由于担心中国经济增长势头放缓，该指数本周下跌3.5%，为四周来首次下跌。与此同时，美中贸易谈判没有取得任何实质性进展，将关税决定权留给了特朗普总统。新数据显示，香港第二季度GDP同比增长3.1%，为2023年第四季度以来的最快速度，受强劲出口和国内需求的推动，跌幅收窄。值得注意的失败者包括Smoore Hlds。（-5.7%）、普拉达水疗中心（-5.5%）、信达生物制品（-5.3%）和太古地产（-3.1%）。尽管7月份交付量强劲，小鹏仍下跌0.4%。

The Hang Seng dipped 265 points or 1.1% to close at 24,508 on Friday, falling for the fourth session and hitting a two-week low. Risk sentiment weakened after the U.S. imposed steep tariffs on dozens of trading partners, while U.S. futures dropped sharply after hotter June inflation data. The new tariffs are expected to add to price pressures, fueling concerns about further inflation. Traders also turned cautious ahead of U.S. jobs data due later today. For the week, the index sank 3.5%, its first weekly loss in four, amid worries over China’s slowing momentum. Meantime, U.S.-China trade talks ended with no real progress, leaving tariff decisions to President Trump. Losses were capped by new data showing Hong Kong’s GDP grew 3.1% yoy in Q2, the fastest pace since Q4 2023, driven by strong exports and domestic demand. Notable losers included Smoore Hlds. (-5.7%), Prada Spa (-5.5%), Innovent Biologics (-5.3%), and Swire Properties (-3.1%). Xpeng fell 0.4%, despite strong July deliveries.

上证综指下跌0.37%，收于3560点，而深证成分股周五下跌0.17%，收于10991点，结束了五周的连胜，因为低于预期的制造业数据打压了市场情绪。一项私人调查显示，7月份工厂活动再次陷入收缩，在全球贸易持续存在不确定性的情况下，连续第二个月未达到增长预期。尽管美国和中国官员本周早些时候在斯德哥尔摩结束了贸易谈判，但唐纳德·特朗普总统尚未批准延长当前的关税休战。令投资者更加担忧的是，政治局会议没有提供重大刺激措施，令市场失望，市场希望获得更强有力的政策支持来应对通缩压力和增长缓慢。科技股领跌，Eoptolink Technology和中技创新均下跌3.2%，富士康下跌4.7%。

The Shanghai Composite fell 0.37% to 3,560 while the Shenzhen Component lost 0.17% to 10,991 on Friday, snapping a five-week winning streak as weaker-than-expected manufacturing data weighed on sentiment. A private survey showed factory activity slipped back into contraction in July, missing expectations for a second consecutive month of growth amid ongoing global trade uncertainty. While US and Chinese officials concluded trade talks in Stockholm earlier this week, President Donald Trump has yet to approve an extension of the current tariff truce. Adding to investor concerns, the Politburo meeting offered no significant stimulus, disappointing markets hoping for stronger policy support to combat deflationary pressure and sluggish growth. Technology stocks led the retreat, with Eoptolink Technology and Zhongji Innolight both down 3.2%, and Foxconn tumbling 4.7%.

中国财新PMI制造业再次收缩，出口需求疲软。7月份，中国财新制造业采购经理人指数从50.4降至49.5，表明工厂活动再次收缩，标志着过去三个月来第二次低于50。

China Caixin PMI manufacturing contracts again as export demand falters.China's Caixin Manufacturing PMI dropped from 50.4 to 49.5 in July, signaling renewed contraction in factory activity and marking the second sub-50 reading in the past three months.