据新华社报道，中国主要政策性银行周四宣布，中国已通过一种新的政策性金融工具拨款5000亿元人民币（705.6亿美元）以促进投资。国家开发银行、中国进出口银行和中国农业发展银行分别拨款2500亿元、1000亿元和1500亿元，支持重点地区项目建设，解决经济薄弱环节。根据政策性银行的统计数据，该倡议预计将刺激超过7万亿元的投资。该金融工具优先考虑技术创新、消费扩张和外贸稳定项目，同时支持主要经济省份的举措和私人投资项目。

China has allocated a total of 500 billion yuan (USD 70.56 billion) through a new policy-based financial instrument to boost investment, the country’s major policy banks announced on Thursday, according to Xinhua. The China Development Bank, the Export-Import Bank of China, and the Agricultural Development Bank of China allocated 250 billion yuan, 100 billion yuan, and 150 billion yuan, respectively, to support the construction of projects in key areas and address weak links in the economy. The initiative is expected to stimulate more than 7 trillion yuan in investment, according to the policy banks’ statistics. The financial instrument prioritizes projects in technological innovation, consumption expansion, and foreign trade stabilization, while also supporting initiatives in major economic provinces and private investment projects.

周四，离岸人民币兑美元走软至7.10左右，从前一交易日创下的近一年高点回落，因投资者对Trump-Xi会议感到失望。在特朗普上任以来的首次会面中，两位领导人同意将临时贸易休战再延长一年，美国暂停出口管制的“50%规则”，中国暂停稀土出口限制。会议的其他主要亮点包括美国和中国共同承诺解决芬太尼控制和扩大农业贸易等问题，以及建设性地解决与TikTok有关的问题。然而，尽管中国的声明语气乐观，但提供的具体细节有限，表明双方必须进一步完善和最终确定协议。在国内，投资者等待即将公布的PMI数据，官方数据将于本周公布，私人调查也将紧随其后。

The offshore yuan weakened to around 7.10 per dollar on Thursday, retreating from a near one-year high reached in the earlier session as investors were left underwhelmed by the Trump-Xi meeting. In their first encounter since Trump’s return to office, the two leaders agreed to extend their temporary trade truce for another year, with the US pausing the "50% rule" on export controls and China suspending rare earth export restrictions. Other key highlights of the meeting included the joint commitment of the US and China to address issues such as fentanyl control and the expansion of agricultural trade, along with the constructive resolution of matters related to TikTok. However, while China’s readout adopted an optimistic tone, it offered limited specifics, indicating that both sides must further refine and finalize the agreements. Domestically, investors await upcoming PMI data, with official figures due this week and private surveys to follow.

中国商务部：同意暂停稀土出口管制一年。中国商务部：同意暂停稀土出口管制一年

China's Commerce Ministry: Agrees to pause rare earth export controls for a year.China's Commerce Ministry: Agrees to pause rare earth export controls for a year

周四，上证综指下跌0.73%，收于3987点，而深证成分股下跌1.16%，收于13532点，在西股会议未能提振市场情绪后，内地股市从十年高点回落。特朗普总统表示，他已达成协议，削减对中国的关税，以换取北京暂停稀土出口管制，恢复美国大豆采购，并加强对芬太尼贸易的监管。中国商务部在市场收盘后发表声明，证实了特朗普的说法，同时补充说，北京将努力解决TikTok问题，并暂停对美国船只的反制措施。科技和人工智能相关股票领跌，交易员获利回吐，Eoptolink Technology、中技创新、富士康工业、胜利巨人和Cambricon Technologies在1.2%至7.9%之间下跌。

The Shanghai Composite fell 0.73% to close at 3,987 while the Shenzhen Component dropped 1.16% to 13,532 on Thursday, with mainland shares retreating from ten-year highs after the Xi-Trump meeting failed to lift sentiment. President Trump said he reached a deal to cut tariffs on China in exchange for Beijing pausing rare earth export controls, resuming US soybean purchases, and tightening oversight on fentanyl trade. China's Ministry of Commerce issued a statement after the market closed, confirming Trump's claims while adding that Beijing will work to resolve TikTok issue and suspend countermeasures against US on ships. Tech and AI-related stocks led the losses as traders took profits, with Eoptolink Technology, Zhongji Innolight, Foxconn Industrial, Victory Giant, and Cambricon Technologies sliding between 1.2% and 7.9%.