新加坡元/人民币 (SGDCNY) 加自选

惠誉表示，中国对能源冲击表现出弹性，但需求疲软限制了增长前景。惠誉表示，中国仍然能够抵御全球能源冲击，但消费需求疲软正在限制经济增长，财政赤字居高不下，如果能源中断影响贸易和制造业，风险就会上升。

China shows resilience to energy shock but weak demand limits growth outlook, Fitch says.Fitch says China remains resilient to global energy shocks but weak consumer demand is limiting growth, with fiscal deficits staying elevated and risks rising if energy disruptions hit trade and manufacturing.

中国：霍尔木兹冲击下的能源韧性——德国商业银行。中国：霍尔木兹冲击下的能源韧性——德国商业银行

China: Energy resilience under Hormuz shock – Commerzbank.China: Energy resilience under Hormuz shock – Commerzbank

中国：经济增长放缓，政策支持力度不大——法国巴黎银行。中国：经济增长放缓，政策支持力度不大——法国巴黎银行

China: Slowing growth with modest policy support – BNP Paribas.China: Slowing growth with modest policy support – BNP Paribas

中国保持LPR稳定11个月，标志着全球风险中的稳定。中国人民银行在4月份连续第11个月保持基准贷款利率不变，符合预期，因为政策制定者在全球不确定性上升的情况下优先考虑稳定。一年期贷款最优惠利率保持在3.0%，而五年期LPR（抵押贷款的关键参考）保持在3.5%。

China Holds LPR Steady for 11th Month, Signals Stability Amid Global Risks.The People's Bank of China left its benchmark lending rates unchanged for an 11th straight month in April, in line with expectations, as policymakers prioritize stability amid rising global uncertainty. The one-year loan prime rate was held at 3.0%, while the five-year LPR, a key reference for mortgage lending, stayed at 3.5%.