卡塔尔能源：卡塔尔能源将持有30%的参与权益，运营方巴西国家石油公司将持有70%。特许经营合同预计将于2027年上半年签署。

The PBOC says a key structural shift is a marked decline in Chinese trade’s sensitivity to exchange-rate movements. Export upgrading toward mid‑to‑high‑end and more diversified goods helped: high‑tech exports and imports grew 7.9% annually over the past five years and rose 11.4% YoY in 2025, accounting for nearly 60% of overall foreign‑trade growth. Exporters are now embedded in global supply chains and can share currency costs with upstream and downstream partners rather than acting as pure price takers. Use of FX hedging and RMB invoicing has risen—about 30% of trade is settled in RMB and corporate FX hedge ratios are roughly 30%—further reducing trade sensitivity to FX volatility; the PBOC says these ratios could increase further.

Hong Kong stocks opened lower and extended losses into midday; HSI was down 0.69% and the Hang Seng Tech Index down 1.93% at noon. Large-cap internet names underperformed: Baidu (09888.HK) -2.6%, Tencent (00700.HK) -1.0%, with Alibaba (09988.HK), NetEase-S (09999.HK) and Xiaomi Group (01810.HK) also weaker; JD.com (09618.HK) rose against the trend. PCB, chip/semiconductor and optical-communications sectors plunged; mobile-phone supply-chain, biotech and PV stocks were broadly lower. Coal and oil energy shares outperformed, while property developers and household-appliance stocks were generally higher.