现货黄金突破4180美元/盎司，日内涨0.39%。

CITIC Securities says Tesla and other leading humanoid-robot makers extensively use bearings and universal joints in robot joints and dexterous hands; high per-unit fitment implies a sizable addressable market. Robot bearing operating conditions differ materially from traditional applications; Chinese manufacturers, leveraging faster customization and response, are gaining share and may overtake overseas leaders in this niche. The robot industry should drive significant incremental demand for the bearings sector, with domestic suppliers still in early growth. Recommended focus: universal joints, crossed-roller bearings, four-point-contact bearings, angular-contact bearings and deep-groove ball bearings.

PBOC'S Pan said at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum on the 7th that amid heightened global rate and inflation volatility, Chinese bonds' relative stability and lower volatility provide unique diversification benefits and continue to draw demand for increased allocations from international investors. Coupled with lower renminbi financing costs, Hong Kong's renminbi bond market faces a rare development opportunity; Hong Kong can seize the moment to attract more sovereign wealth funds and international corporates to issue bonds there.