马斯克：星舰第三次试飞的硬件应该会在 3-4 周内准备好。

Recently, "stock god" Warren Buffett's Berkshire Hathaway released its latest portfolio report, and the position adjustments in it have raised warning signals for some analysts.

Be cautious! Warren Buffett has sold approximately $23.6 billion worth of stocks this year. Is the future of the US stock market worrisome?

Cryptocurrency market investors are increasingly convinced that the U.S. Securities and Exchange Commission (SEC) will soon give the green light to exchange-traded funds (ETFs) that directly invest in Bitcoin.

Coinbase: Approval of Bitcoin Spot ETF Will Increase Cryptocurrency Market Cap by Billions of Dollars

新加坡股市 17 日报：恒生科技指数权证遭大规模抛售

The latest one-year loan prime rate (LPR) is reported at 3.45%, unchanged from the previous rate. The LPR for loans with a term of five years or more is reported at 4.20%, also unchanged.

"No interest rate cut!" China's 1-year and 5-year LPR rates remain unchanged in November.

LI AUTO-W is now up more than 3%. As of the time of writing, it has increased by 2.86% to HKD 161.6, with a trading volume of HKD 101 million.

Hong Kong Stock Market News | LI AUTO-W rises more than 3%, company included in Hang Seng Index, IDEAL MEGA pre-orders exceed 10,000.

离岸人民币兑美元短线走高近 200 点，触及 7.20 关口。此前人民币兑美元中间价调升至 8 月份来最高，上调 116 点报 7.1612。

离岸人民币兑美元触及 7.20 关口，创 8 月份来新高

融创中国盘初涨 6.82%，日前消息称境外债务重组条件将预计达成。

港股开盘，恒指开涨 0.98%，科指开涨 1.26%；理想汽车开涨 2.48%，日前恒生指数公司公布季检结果将其纳入恒指。

中国 11 月一年期贷款市场报价利率 (LPR) 3.45%，预期 3.45%，前值 3.45%。

PSL 重启，将用于支持基建相关领域。PSL 是一种结构性货币政策工具，最初用于支持棚改提供稳定的资金来源。随着时间的推移，PSL 的投向领域逐渐扩大，包括重大水利工程、人民币 “走出去” 项目等。2022 年下半年，为了应对经济压力和部分突出问题，央行决定重启 PSL，用于支持基建相关领域。PSL 的重启引起了市场的关注，对债券市场可能产生影响。

PSL 重启？

The S&P 500 index has risen by 9.6% in just three weeks, but for some market observers, this upward trend seems increasingly difficult to sustain.

The S&P 500 index has risen nearly 10% in just three weeks, but the market is in a panic?

NIO-SW President responds to "bankruptcy" rumors. Media reports that Altman hopes to replace current members of the OpenAI board and wants to use Middle Eastern funds to develop AI chips to compete with NVIDIA. Apple is considering developing its own camera image sensors. Meta is betting on generative AI business and has split its Responsible AI team. Citigroup is reportedly planning large-scale layoffs. Germany, France, and Italy have reached a consensus on how to regulate AI in the future.

Breakfast | OpenAInAI "Coup Drama" Begins Second Act, Alibaba Denies "Laying Off 25,000 Employees"

金十数据 11 月 20 日讯，据 CME“美联储观察”：美联储 12 月维持利率在 5.25%-5.50% 区间不变的概率为 100%。到明年 2 月维持利率不变的概率为 100%。到明年 3 月累计降息 25 个基点的概率为 30%，维持利率不变的概率为 70%。

美联储 12 月维持利率不变的概率为 100%

The narrative of a soft landing dominates the US stock market, speculative trading is prevalent, and small-cap stocks have surged 5% in a week. Junk bonds have seen the largest inflow of funds in three months. However, several institutions believe that the market's assessment of the US economy may be overly optimistic.

Small-cap stocks and junk bonds are soaring, is the market "all in" on a soft landing in the United States?

有代表喜笑颜开地说 “进去了就还可以”，当然也有 “考前” 信心满满，出场后却遗憾表示 “差一块钱”

国谈 DAY2：AZ、齐鲁 20 分钟谈完，华领、拜耳 “鏖战” 2 小时，华东的 GLP-1 谈成了吗？肿瘤药明天将开启大战

OpenAI 前总裁、核心 AI 科学家 Greg Brockman 在社交平台上梳理了与 OpenAI 前 CEO Sam Altman 被董事会罢免的细节。他表示，他对董事会的决定感到震惊和悲伤。经过 Ilya 的通知，Sam 被解雇，并且 Greg 也被从董事会中除名。

Altman 被罢免原因来了？OpenAI 内乱解读

After this sale, GEELY AUTO will still hold 78.7% of Volvo's shares. According to reports, the sale price of GEELY AUTO's shares is approximately SEK 37 per share, with a total sale amount of approximately USD 350 million. Volvo's financial report released last month showed that the company's adjusted operating profit in the third quarter was SEK 19.11 billion, a year-on-year increase of 61%, far exceeding expectations.

Volvo's European stocks plummeted by 11%, hitting a historic low, after previously experiencing a discounted sale of shares by Geely Auto.

Qube Company has stated that it does not hold £670 million in short positions on HSBC HOLDINGS. The disclosed short position in the public register of the Financial Conduct Authority in the UK was due to an error in submission. Stuart Brown, the Chief Operating Officer of the company, stated in an email announcement that the company does not have a net short position on HSBC.

Hedge fund Qube's massive short position on HSBC? Company responds: Reporting error, no net short position on HSBC!

US e-commerce giant Amazon is reportedly laying off hundreds of employees in its smart voice assistant Alexa division, and has announced plans to invest more resources in developing generative AI capabilities. This move highlights the pressure the company is facing in the face of competition from generative AI technologies such as ChatGPT.

Priority AI Battle! Amazon Alexa Department Shrinks, Hundreds of Layoffs Expected

Founder Securities pointed out that TSV is the core process in the HBM industry chain, and there will also be an increase in demand for plating, testing, and bonding. The growth in AI computing power demand has opened up the market space for HBM, and it is expected that the market size will reach 12.74 billion US dollars by 2026, with a CAGR of 37%.

Understanding the HBM Industry Chain in One Article

Alibaba's Variation

Both China and the United States have agreed that the two countries' ministries of commerce will hold the first meeting of the trade and commerce working group in the first quarter of next year. Within one hour of the start of pre-sales, the Ideal MEGA has received over 10,000 reservations. The Xiaopeng X9 has been officially released and pre-sales have begun, with prices starting at 388,000 yuan.

Pre-market US stocks | Alibaba leads the decline of Chinese concept stocks, Weibo rises! Tesla China will continue to raise prices next week.

金十数据 11 月 17 日讯，从接近特斯拉的业内人士处获悉，在接连三次涨价后，特斯拉将于下周再次上调中国市场售价。（蓝鲸财经）

特斯拉下周将继续上调中国市场售价

Nomura believes that the market's focus on TENCENT's small game business is misplaced, as despite operating for several years, this business has always accounted for only a small portion of its revenue. TENCENT's video ad platform is likely to be the driving force behind future earnings.

Quick look at the major banks | Alibaba, Tencent! Target prices have been significantly lowered! CLOUD MUSIC receives strong positive outlook.

已经有不止一位网友发现，自己的 ChatGPT 已经在悄悄测试该功能。

ChatGPT 被曝测试新功能：学习所有历史聊天，还能重置记忆、“阅后即焚”

Microsoft is undoubtedly one of the best companies in the world, but that doesn't necessarily mean you should buy its stock.

Microsoft: How to balance between competitive advantage and valuation?

Buffett may be considering Japanese banks, insurance companies, and automakers as his next investment targets.

Should we continue to buy Japanese stocks? Berkshire Hathaway has issued yen bonds for the second time this year, with a total value of 122 billion yen.

港股收盘，恒指收跌 2.12%，科指收跌 1.62%；国美零售涨超 80%，新股药明合联涨超 35%，阿里巴巴跌近 10%，哔哩哔哩跌近 7%。

沃尔沃汽车欧股股价下跌 12.6%。此前，吉利计划出售约 3.88 亿美元的沃尔沃汽车股份。

* 大摩削阿里目标价至 110 美元 剔出首选股

* 大摩削阿里目标价至 110 美元  剔出首选股

Alibaba fell more than 9% overnight, but among the 640,000 traded contracts, the proportion of call options was 69%. Tesla's call options with an expiration date of tomorrow and a strike price of $240 traded over 210,000 contracts, while put options with a strike price of $230 traded 160,000 contracts.

US Stock Options | Alibaba traded over 640,000 contracts overnight! Tesla calls and Apple puts are in high demand!

短剧赛道仍在早期阶段，收入贡献和增长空间还需验证。

短剧出海，原来欧美也愿意为 “土味” 买单？

HONG KONG, Nov 17 (Reuters) - Hong Kong-listed shares of China’s Alibaba Groupplunged 10% on Friday, wiping about $20 billion off its market value, after the company scrapped plans to spin off its cloud business.

QUOTES-Reaction to Alibaba's scrapping of cloud unit spin-off

金十数据 11 月 17 日讯，美银证券调低阿里巴巴港股目标价 17%，由 133 港元降至 110 港元，主要因为调低 2024-2026 年 3 月底止年度盈利预测 5-7%，但重申评级为买入，基于现市价约为 2024 年经调整预测市盈率 8 倍及 2025 财年市盈率 7 倍，同时认为阿里将受惠内地经济可能已触底，美银指，截至 2023 年 9 月底止第二财季季绩，基本符合市场及该行业绩，但公司暂停分拆，及马云家族可能出售约 1000 万股美国 ADR 持股，令市场大感意外，因此将令投资者关注公司未来增长策略，虽然公司指暂不分拆受美国限制晶片出口影响，美银认为显示阿里在云业务发展面临挑战及不明朗。另外，考虑到双 11 表现及公司未来策略重点，因此调低盈测，最新估计 2024 财年经调整盈利为 1222 亿元人民币。

美银证券削阿里巴巴港股目标价 17% 至 110 港元 重申买入

金十数据 11 月 17 日讯，商务部部长王文涛与美国商务部长雷蒙多举行会谈。双方同意，两国商务部将于明年一季度举行商贸工作组对话首次会议；支持在两国开展的省州经贸合作和贸易投资促进活动；共同推动中美企业合作对接项目取得实效，并增设项目办公室；共同推动建立中美政府间标准和合格评定对话机制。双方讨论并同意两国专家于 2024 年 1 月就强化行政许可过程中的商业秘密和保密商务信息保护问题进行技术讨论。

中美双方同意，两国商务部将于明年一季度举行商贸工作组对话首次会议

金十数据 11 月 17 日讯，野村发报告指，下调腾讯目标价 6%，从 472 港元至 445 港元，评级买入。野村指，腾讯的视频账户（VA）广告很可能是未来收入的驱动力。腾讯第三季度营收同比增 10%，盈利稳健增长 39%。VA 是一大亮点，广告收入环比显著增长，符合预期，主要由于用户花费的时间增加，尽管广告量保持不变。预计 VA 广告可能占第三季腾讯广告收入的 13%，到 2025 财年可能达到 30% 左右。野村认为市场对腾讯小游戏业务的关注是错误的，因为尽管运营了几年，但该业务始终只占其收入的一小部分。腾讯开发小游戏的想法是丰富微信生态的内容库，同时能够通过第三方小游戏运营商获得的收入分得一些利益，从而产生一些现金流。

野村下调腾讯目标价 6% 认为 VA 可能是未来收入驱动力

Modern has become the first car manufacturer to allow consumers to buy cars on e-commerce platforms. This plan will be implemented next year.

Breaking the traditional distribution model! Hyundai Motor wants to "sell cars online" on Amazon.

特斯拉投资者、格伯川崎财富投资管理公司 CEO 罗斯·格伯周四表示，马斯克已不配担任特斯拉公司的 CEO，并将这一指责与马斯克最近在 X 上的一条所谓的 “反犹” 言论联系起来。格伯在一次采访中表示：“他现在的所作所为不像特斯拉的 CEO。他的行为和他对品牌造成的损害绝对是不可容忍的。” 格伯此前在 X 上发帖称，由于马斯克的言论，他计划换掉他的 Model Y，用一辆 Rivian 来取代。他持有特斯拉约 42 万股股票。

特斯拉投资者痛批马斯克：他已不配当 CEO

金十数据 11 月 17 日讯，杰富瑞发表报告指，阿里巴巴截至 9 月底止季度收入按年增长 9%，至 2,248 亿元人民币，符合市场预期、较该行预期高出 2%，因应美国出口管制，不再推进云智能分拆工作。公司提出 AI 支援的三年计划，长远计划完整，维持买入评级，目标价由 181 港元下调至 140 港元，以反映控股折让估值转变。该行指，阿里有多重增长推动力，核心平台业务属强劲现金牛，在内地消费升级下，保持增长趋势，亦受惠稳定的执行能力及科技优势。各生态平台高度协同，有助加快在低端城市拓展，提供本地服务。云业务亦具有清晰的市场领导地位。

杰富瑞下调阿里目标价至 140 港元 因美出口管制放弃分拆云智能

OpenAI 创始人，被称为 “ChatGPT 之父” 的山姆·奥特曼在接受记者采访时表示，自己很高兴看到政府间在 AI 领域的合作，相信这种合作一定会取得成果。

OpenAI 创始人奥特曼：对 AI 领域的政府间合作很有信心

一个搞电商一个搞内容，一个主打实惠，一个瞄准中产 Z 世代，但创始人都曾受段永平指点的网易和拼多多，似乎拿到了同一本 “武林秘籍”——在性价比、细分类目突围、技术布局产业未来的打法上不谋而合。

网易、拼多多为什么能成为今年涨最多的中概股？

金十数据 11 月 17 日讯，杰富瑞发布研究报告称，维持京东集团买入评级，策略调整为京东打下坚实的基础，预计明年将实现高质量增长，目标价 312 港元。集团第三季收入符合预期，同比增 1.7% 至 2477 亿人民币，非通用会计准则纯利胜于预期，达 106 亿人民币。用户频繁和订单数量均持续增长。报告指出，“天天低价” 对于京东而言是正确的方向，其生态系统透过将商家分类为 1P 及 3P，为使用者提供最佳的体验。而生态系统的长远成功，有赖于 3P 商家及 3P 订单快速增长等指标。电子及家电类今年第三季及首 9 个月的增长高于行业水平，因其有强大的市场占有率及供应链能力。

杰富瑞：维持京东集团买入评级 目标价 312 港元

* 瑞银下调阿里目标价至 120 美元 评级「买入」

* 瑞银下调阿里目标价至 120 美元  评级「买入」

恒生科技指数跌超 2%，恒生指数跌 1.7%，科网股股跌幅居前，阿里巴巴跌超 8%，百度跌超 4%，美团跌近 3%，腾讯控股、京东均跌近 1.5%。

阿里巴巴跌近 8%，此前公布财报；京东健康跌 3.5%。

恒指低开 1.39%，恒生科技指数跌 1.63%

Google's large-scale model Gemini has been delayed until the first quarter of next year, and the development difficulty may be greater than expected.

Surpassing GPT-4 is difficult? Google's "most powerful model" release postponed to the first quarter of next year.

中信证券认为，未来 12~18 个月，美股科技板块有望处于相对确定的业绩上行周期，生成式 AI 亦有望逐步带来业绩增量贡献，这将是该行适当容忍短期市场波动、持续看好美股科技板块中期表现的最核心支撑！