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石藥(01093.HK)收跌4%恆瑞醫藥(01276.)挫7% 花旗:美擬限對華生物技術投資料通過機率低 調整為醫藥板塊買入良機
花旗發表研究報告指,美國兩黨議員於6月2日提出一項兩黨立法,建議將美國對中國生物技術領域的境外投資,納入《全面對外投資國家安全法》(COINS Act)的審查要求。該法案名為《2026年生物技術投資國家安全法案》,旨在修訂2025年COINS Act,將生物技術增列至財政部出境投資篩查的行業名單中。花旗指出,若該法案獲得通過,可能會限制中美製藥公司之間的業務...
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石藥(01093.HK)收跌4%恆瑞醫藥(01276.)挫7% 花旗:美擬限對華生物技術投資料通過機率低 調整為醫藥板塊買入良機
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花旗發表研究報告指,美國兩黨議員於6月2日提出一項兩黨立法,建議將美國對中國生物技術領域的境外投資,納入《全面對外投資國家安全法》(COINS Act)的審查要求。該法案名為《2026年生物技術投資國家安全法案》,旨在修訂2025年COINS Act,將生物技術增列至財政部出境投資篩查的行業名單中。花旗指出,若該法案獲得通過,可能會限制中美製藥公司之間的業務發展(BD)交易、合資企業以及股權投資 。

花旗認為,該項立法通過的機率較低,並以《生物安全法》作類比,指出後者在引發市場波動後,最終以溫和得多的形式通過。該行預期此項立法通過機率低的原因包括:第一,這將限制美國公司獲取源自中國的高質量創新,從而影響美國公司的管線建立;第二,與歐洲和日本跨國企業相比,這項立法可能會削弱美國公司的競爭力;第三,該法案受到美國製藥公司和部分投資者的強烈反對。

花旗表示,地緣政治緊張局勢對中國生物技術板塊造成了負面影響,但該行預計今年仍將看到多個積極催化劑,包括領先製藥及生物製藥公司的強勁業績、更多的BD交易以及漸進的臨床試驗數據結果。該行認為這為投資者提供了良好的買入良機,其在醫藥與生物技術板塊中的首選港股名單保持不變,包括恆瑞醫藥(01276.HK)  -4.150 (-7.052%)    Short selling $215.56M; Ratio 30.938%   、石藥集團(01093.HK)  -0.320 (-4.227%)    Short selling $210.03M; Ratio 23.438%   、歌禮製藥(01672.HK)  -0.390 (-3.775%)    Short selling $2.78M; Ratio 5.652%   及信達生物(01801.HK)  -2.000 (-2.536%)    Short selling $268.06M; Ratio 25.094%  

石藥集團全日收報7.25元,跌4.23%,成交1.24億股,涉資8.96億元。

信達生物收報76.85元,跌2.54%,成交1,390.82萬股,涉資10.68億元。

歌禮製藥收報9.94元,跌3.78%,成交490.72萬股,涉資4,921.88萬元。

恒瑞醫藥收報54.7元,挫7.05%,成交1,253.8萬股,涉資6.97億元。(ad/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 16:25.)

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