美元/港币 (USDHKD) 加自选

香港2024年第一季度经济同比增长2.7%，较上一季度的4.3%大幅放缓，但高于市场最初预计的0.9%。私人消费（1%比第四季度的3.5%）和固定投资（0.3%比17.5%）的增长普遍放缓，而政府支出继续下降（-3%比-5.2%）。在对外贸易方面，商品出口增长加快（6.8%对2.8%），但服务出口增长放缓（8.4%对21.2%），而商品进口（3.3%对3.8%）和服务进口（17.2%对26.7%）均放缓。经季节性调整的季度经济增长2.3%，高于上一季度0.2%的增长，是一年中最大的增长。

Hong Kong’s economic growth was confirmed at 2.7% year-on-year in the first quarter of 2024, sharply easing from a 4.3% growth in the previous period but above initial market estimates of 0.9%. There was a broad slowdown in growth for private consumption (1% vs 3.5% in Q4) and fixed investments (0.3% vs 17.5%), while government spending continued to decline (-3% vs -5.2%). On external trade, growth accelerated for goods exports (6.8% vs 2.8%), but slowed for services exports (8.4% vs 21.2%), while imports slowed for both goods (3.3% vs 3.8%) and services (17.2% vs 26.7%). On a seasonally adjusted quarterly basis, the economy expanded 2.3%, picking up from a 0.2% rise in the prior quarter and marking the largest expansion in a year.

周五，恒生指数上涨177.08点，涨幅0.91%，收于19553.61点，扭转了早盘交易中的跌幅，同时连续第二个交易日上涨，此前中国通过放松抵押贷款规定，重新努力振兴房地产行业。北京还敦促地方政府从建筑商那里购买未售出的房屋，以便改造成经济适用房。与此同时，中国人民银行将首次购房者的最低首付款降至15%，第二次购房者的首付款降至25%。受中国当局为关键项目发行超长债券的推动，市场攀升至9-1/2个月来的最高水平，本周上涨3.1%。交易员们对4月份大陆喜忧参半的数据不屑一顾，因为工业产出增长超过预期，失业率创下五个月新低，而零售销售放缓。房地产股领涨，消费者、科技股和金融股紧随其后。平安保险上涨5.8%，中国海外土地和半导体制造业分别上涨4.6%和1.7%。

The Hang Seng climbed 177.08 points or 0.91% to end at 19,553.61 on Friday, reversing losses in the morning trade while rising for the second session after China launched fresh efforts to revive the property sector by easing mortgage rules. Beijing also urged local governments to buy unsold houses from builders for conversion into affordable ones. Meanwhile, the PBoC cut minimum down payment for first-time homebuyers to 15% and 25% for second-home purchases. Markets climbed to their highest level in 9-1/2 months, jumping 3.1% for the week, boosted by the issuance of ultra-long bonds by Chinese authorities to fund key projects. Traders shrugged off mixed data in the mainland for April, as industrial output growth beat estimates and the jobless rate hit a five-month low while retail sales slowed. Property stock led the upturn, followed by consumers, tech, and financials. Ping An Insurance jumped 5.8% while China Overseas Land and Semiconductor Manufacturing climbed 4.6% and 1.7%, each.

香港股市在周五早盘交易中下跌30点，跌幅0.16%，至19411点，与前一交易日的上涨有所不同，因为交易员对中国喜忧参半的活动数据做出了反应。官方数据显示，4月份工业产出增长超过预期，但零售额增幅为15个月来最低。此外，固定投资在2024年前四个月的扩张幅度低于预期。本周早些时候，美国总统拜登对包括电动汽车和芯片在内的一些中国商品上调关税。房地产和金融股主要拖累该指数，领头羊腾讯。下跌0.2%。其他跌幅较大的是李汽车（-3.4%）。，安踏体育（-1.6%）和美团（-0.7%）。尽管如此，受北京和香港多项支持措施的提振，恒生指数本周将连续第四次上涨，涨幅超过2%，保持9个多月来的最高水平。与此同时，中国内阁将于今天晚些时候就确保交付未完工房屋的新政策举行简报会。

Shares in Hong Kong fell 30 points or 0.16% to 19,411 on Friday morning deals, shifting from a rally in the prior session as traders reacted to mixed activity data in China. Official figures showed that industrial output growth beat forecasts in April but retail sales rose the least in 15 months. Also, fixed investment expanded less than expected during the first four months of 2024. Earlier in the week, US President Biden launched tariff increases on some Chinese goods, including EVs and chips. Property and financials mainly weighed the index, with bellwether Tencent Hlds. edging down 0.2%. Other decliners were Li Auto (-3.4%)., Anta Sport (-1.6%), and Meituan (-0.7%). Still, the Hang Seng is heading for the fourth straight gain for the week, jumping over 2% to stay at its highest in over nine months, boosted by multiple support measures from Beijing and Hong Kong. Meantime, China's cabinet will hold a briefing later today on new policies to ensure the delivery of unfinished homes.

周五，美元指数连续第二天上涨至104.5以上，但本周仍将下跌，因为通胀降温和整体经济势头放缓的迹象强化了美联储今年降息的预期。周三公布的数据显示，美国4月消费者通胀数据符合预期，但低于上月，而零售销售停滞不前。与此同时，投资者周四消化了喜忧参半的经济数据，首次申请失业救济人数与预测大致一致，进出口价格上涨超过预期，房屋开工和建筑许可证令人失望，工业生产意外停滞。与此同时，交易员等待美联储官员发出更多信号，因为政策制定者呼吁在降息前保持谨慎。美元兑大多数主要货币每周都会下跌，但兑日元和人民币持平。

The dollar index rose for a second straight day to above 104.5 on Friday, but was still set to decline for the week as signs of cooling inflation and slowing momentum for the broader economy reinforced expectations for Federal Reserve interest rate cuts this year. Data released on Wednesday showed that US consumer inflation data came in line with expectations in April, but were lower than the month before, while retail sales stagnated. Meanwhile, investors digested mixed economic numbers on Thursday, with initial jobless claims fell roughly in line with forecasts, import and export prices rose more than anticipated, housing starts and building permits disappointed and industrial production unexpectedly stalled. Meanwhile, traders awaited more signals from Fed officials as policymakers called for caution before moving to cut rates. The dollar is on track for weekly falls against most major currencies, but was flat versus the yen and the yuan.