【2026年7月27日银行间外汇市场人民币汇率中间价】 美元/人民币报6.7911，下调（人民币升值）28点； 欧元/人民币报7.7267，上调30点； 港元/人民币报0.86601，下调3.6点； 英镑/人民币报9.0494，上调116点； 澳元/人民币报4.7400，上调96点； 加元/人民币报4.8113，下调75点； 100日元/人民币报4.1441，下调6点； 人民币/俄罗斯卢布报11.4826，下调752点； 新西兰元/人民币报3.9288，上调88点； 人民币/林吉特报0.60211，下调6.2点； 瑞士法郎/人民币报8.3056，下调69点； 新加坡元/人民币报5.2570，上调69点。

日本5月领先指标月率终值 0.4%，前值0.7%。

July saw rapid margin‑financing outflows, but regulatory support and onshore incremental funds have helped stabilise short‑term liquidity. External pressures — Middle East tensions lifting oil, higher US Treasury yields and renewed Fed hike expectations — have dented global risk appetite. CITIC says the AI sector’s mid‑to‑long‑term thesis remains intact: KimiK3 is reshaping the performance/cost narrative, expanding workflow coverage and accelerating vertical penetration, and Google’s counter‑trend capex increase supports a compute supply‑demand mismatch. Near term the market is likely to trade a W‑shaped bottom; investors should wait for external uncertainty to clear while rebalancing into low‑base areas with solid fundamentals and valuation‑recovery potential. Key focus: AI (upstream materials/equipment, domestic compute), midstream export manufacturing chains (new energy, machinery, shipbuilding), upstream resources and defensive dividend plays.