AKESO, BEIGENE, ALPHAMAB-B, and Yunding Xinyao-B, among other innovative pharmaceutical concept stocks, collectively rose in the morning session of the Hong Kong stock market. The domestic pharmaceutical industry has announced 9 cross-border collaborations involving well-known multinational pharmaceutical companies, including product licensing, investment, and acquisitions. Industry insiders predict that 2023 will be a "big year" for the overseas expansion of domestic innovative drugs, and 2024 is expected to be the year when sales of innovative drug products are realized.

Understanding the Market | Why is the concept of innovative drugs collectively rising?

BlackRock Investment Research Institute's strategists have stated that if inflation continues to decline, the significant rise in the stock market and other risk assets in the final stages of 2023 is expected to continue into the new year. They predict that the US Consumer Price Index will show a decrease in inflation, but supply constraints may cause inflation to fluctuate. Due to macroeconomic risks, the team has a "reduce" rating on developed market stocks. Nevertheless, they remain optimistic about artificial intelligence and the "alpha potential".

BlackRock: If inflation continues to decline, risk assets are expected to continue to rise.

苹果宣布 Vision Pro 头显将提供超过 250 款 Apple Arcade 游戏和 150 部 3D 电影。头显支持运行 App Store 上多款游戏，包括《NBA 2K24》和《索尼克梦之队》等超过 250 款 Apple Arcade 游戏。此外，还将推出一系列新空间游戏，并可通过 Apple TV 应用观看 150 多部具有惊人深度的 3D 影片。Vision Pro 引入了 Apple Immersive Video，通过 180 度三维 8K 录音和空间音频，让用户身临其境。刷新率通常为每秒 90 帧，观看 24 帧电影时可提升至 96Hz 刷新率。

苹果预告 Vision Pro 首发细节：超 250 款 Arcade 游戏、150 部 3D 电影

What does this mean? Despite some resistance, artificial intelligence and decarbonization are expected to benefit the stock market! "We will see productivity improvements from the application of artificial intelligence, which could have a positive impact on growth and profitability."

Understanding the Market | The global economy is entering a new super cycle!

MEITU's stock rose more than 4% in early trading, and as of the time of writing, it has increased by 4.33% to HKD 3.37, with a trading volume of HKD 50.5817 million. On the news front, the U.S. Securities and Exchange Commission (SEC) is expected to vote on the application for a Bitcoin ETF this week. The market believes that the approval of the Bitcoin ETF is imminent, as Bitcoin reaches a 21-month high, with a peak of $47,256. It is reported that MEITU has made multiple purchases of Bitcoin and Ethereum on March 7, 2021, March 17, 2021, and April 8, 2021. The company is expected to turn losses into profits in the first half of 2023, mainly due to the revaluation of cryptocurrencies, which amounted to CNY 186 million. In addition, on January 2nd, MEITU's self-developed AI visual model, MiracleVision, was registered under the "Interim Measures for the Administration of Generative Artificial Intelligence Services," and it will be open to the public. Guotai Junan previously stated that MEITU is a leader in the digital imaging industry, and with the extension of its B2B business from MEITU Xiuxiu and other consumer applications, the company's AI portrait generation has reached the top level in China in terms of technological innovation. The AIGC strategy is expected to open up the B2B paid space, and the initial rating is "Buy".

Hong Kong Stock Market Update | MEITU Surges Over 4% in Early Trading, Bitcoin Hits Nearly Two-Year High, Company Has Previously Purchased Virtual Currency Multiple Times.

It's that time of year again for the annual CES International Consumer Electronics Show, where industry-leading processor manufacturers traditionally unveil a series of new products and technologies. AMD has made a big move at the beginning of the year, with the powerful debut of the Ryzen 8000 series mobile processors, representing a significant step forward for AMD in the AI PC field.

AMD's New Year's Big Move! Stock Price Soars 5%! Ryzen 8000 Series AI Processors Make a Strong Debut

今年全球电动汽车市场增长将放缓至 27.1%，主要原因是政府补贴减少导致电动汽车对买家的吸引力下降。预计到 2023 年，全球电动汽车市场将增长 29%，达到 1,370 万辆，其中中国的电动汽车渗透率将达到 40%。

理解市场 | 为何今年全球电动车市场增长将放缓？

NVIDIA launches new graphics card, stock price hits a new high, market value reaches $1.29 trillion. CITIC Securities predicts that 2024 will be the year of AI PC, and the development of AI will inject new vitality into the market. The new series of graphics cards have performance surpassing previous generation products and advanced AI technology platforms, which can enhance the performance of games, applications, and AI tasks. In addition, NVIDIA's autonomous driving car hardware, NVIDIA DRIVE, has been adopted by multiple electric vehicle companies.

Hong Kong Stock Concept Tracking | NVIDIA launches new graphics card, stock price reaches new high, 2024 becomes the year of AI PC development (with concept stocks)

京东集团港股跌近 1%，旗下达达宣布在内部审计中发现存疑行为。

金十数据 1 月 9 日讯，当地时间 1 月 8 日，美国阿拉斯加航空公司声明表示，受波音 737 MAX 9 型飞机停飞的影响，该公司当天有大约 140 架次航班被取消。截至目前，该公司一架同机型飞机 5 日发生的飞行事故仍在调查中。印尼等国 8 日宣布暂时停飞波音公司事故机型。

多国停飞波音公司事故机型飞机 大量航班被取消

国泰航空近期取消多班航班，香港运输及物流局局长林世雄表示高度关注，并已要求国泰尽快向受影响乘客交代航班整合后的相关安排。局方将继续密切留意情况，并与航空公司保持沟通，监察国泰的相关安排并跟进事件。国泰航空取消部分 1 月及 2 月航班，以确保余下航班有足够人手运营，并将提供适当支援和协助。

国泰航空近期取消多班航班，香港运输及物流局局长林世雄：已向国泰高层表达高度关注

美中嘉和首日挂牌，开市较上市价低 31%。公司在内地经营肿瘤医疗机构，此次来港上市共发售 3,942.02 万股 H 股，净额 4.66 亿元主要用作还债及为上海医院的筹建提供资金等。

《新股表现》美中嘉和首日挂牌  开市较上市价低 31%

* 大摩降阿里目标价至 85 美元 第三财季为另一痛苦过渡期

* 大摩降阿里目标价至 85 美元  第三财季为另一痛苦过渡期

英伟达在 CES 发布会上推出了三款 SUPER 显卡，支持生成式 AI 改造游戏 NPC。此外，英伟达还宣布了与同理想汽车等厂商合作辅助自动驾驶系统的合作伙伴关系。2023 年，英伟达凭借生成式 AI 成为人工智能领域的领先者，2024 年其能否继续稳固领先地位取决于推出的新产品。

英伟达 CES 发布会：三款 SUPER 显卡来袭、支持生成式 AI 改造游戏 NPC

恒指开盘涨 0.2%，报 16256.10 点，恒生科技指数涨 0.34%。联想集团涨超 3%，百度涨 1.7%，携程、京东涨超 1%。

特斯拉在 2023 年美国市场交付了 654,888 辆汽车，同比增长 25.4%，市场份额达到 4.20%，首次超过大众，位居第八。特斯拉 CEO 马斯克表示，下一个目标是将市场份额提高到 6.9%。这一消息引起了特斯拉用户和电动汽车分析师的关注。

特斯拉美国市场份额 4.2% 首次超大众，马斯克：下个目标 6.9%

Citi：将奈飞公司评级下调至中性，目标价 500 美元。

Pfizer's CEO stated that despite abandoning a highly anticipated weight loss drug last year, the company will still actively explore entering the weight loss market. Analysts predict that the weight loss drug market will reach $100 billion by 2030. Pfizer's current focus is on cost reduction and debt reduction, but they are actively seeking potential licensing deals or early-stage weight loss drugs. Pfizer has recently been punished by investors due to negative news, causing its stock price to fall to a 10-year low.

The weight loss drug market is vast, and Pfizer still wants to "get on board" despite setbacks.

美中嘉和发布公告，公司全球发售 3942.02 万股，公开发售股份数目（在重新分配后）为 394.22 万股，国际发售股份数目为 3547.8 万股。最终发售价为 14.28 港元，所得款项净额为 4.66 亿港元。其中，公开发售获 1.99 倍认购，国际发售获 1.02 倍认购。每手 200 股，预期股份将于 2024 年 1 月 9 日上市。

美中嘉和每股发售价 14.28 港元 预计 1 月 9 日上市

此前，鲍曼曾多次表示需要进一步加息来抑制通胀，目前倾向于 “按兵不动”，可能考虑降息。

联储鹰派票委转向：加息可能结束，但尚未准备好降息

比特币短线下挫超 500 美元，现报 46529 美元/枚。

英伟达在 CES 2024 上发布了 RTX 40 SUPER 系列显卡，包括 RTX 4080 SUPER、RTX 4070 Ti SUPER 和 RTX 4070 SUPER 三款。RTX 4080 SUPER 定价 999 美元，性能是 RTX 3080 Ti 的 2 倍；RTX 4070 Ti SUPER 定价 799 美元，性能是 RTX 3070 Ti 的 1.6 倍；RTX 4070 SUPER 定价 599 美元，性能超越 RTX 3090。这次发布是一项重大事件，相关的新闻属于科技业的商业相关信息。

英伟达 RTX 40 SUPER 系列显卡发布：加量又减价

瞻博网络在美股盘后交易中一度涨近 35%，可能被慧与以约 130 亿美元收购。公司市值达到 96.4 亿美元，股价在盘后交易中触及 39.78 美元高位。

理解市场 | 瞻博网络为何盘后一度飙升 35%？

亚洲股市有望在 2024 年跑赢美国股市，受访者认为这是因为美联储可能采取的降息措施将削弱美元，而且投资者对中国廉价股票的情绪有所改善。调查显示，景顺资产管理公司看好印度和日本股市，Dalma 资本管理公司看好亚洲地区的非必需消费品和一些金融股，Kamet Capital Partners 则喜欢成长型和科技股。亚洲股市估值较低、以及对中国股市反弹的预期是受访者持乐观态度的主要原因。此外，美联储转向宽松政策也被认为给了亚洲各国的央行更大的降息空间。不过，受访者也指出可能影响亚洲股市前景的因素，包括美联储无法推动美国经济软着陆、中国经济复苏不及预期、以及全球地缘政治紧张局势加剧。选举不被认为是亚洲股市面临的主要风险。

美联储转向带来降息空间 + 低估值更具吸引力 亚洲股市或在 2024 年跑赢美股

比特币价格可能在 2025 年年底前达到 20 万美元，如果比特币现货 ETF 获得批准并吸引了大量资金流入。这是渣打银行外汇研究主管杰夫·肯德里克在一份报告中的预测。他估计到 2024 年底，美国现货 ETF 将持有 43.7 万至 132 万枚新比特币，今年的资金流入量可能达到 500 亿至 1000 亿美元。肯德里克去年曾预测比特币价格将达到 10 万美元。

渣打银行：比特币明年底或达到 20 万美元

英伟达与理想汽车、长城汽车、极氪和小米达成协议，为这些公司即将推出的电动汽车自动驾驶等功能提供硬件。理想汽车选择了英伟达的 DRIVE Thor 车载计算平台，长城汽车、极氪和小米的自动驾驶系统则将采用英伟达的 DRIVE Orin 智能汽车计算平台。

英伟达与理想汽车、长城汽车、极氪和小米达成协议，为自动驾驶等系统提供硬件

The US stock market rose unilaterally, while Chinese concept stocks fell for three consecutive days. Boeing was exposed for loose fasteners in the plug door. NVIDIA released three new RTX 40 SUPER series graphics cards, claiming to be in a leading position in AI PCs. Apple Vision Pro will launch a new app store, and Vision Pro will be available on February 2nd. Dada Nexus, a subsidiary of JD.com, saw its stock price plummet by 45% due to questionable practices discovered during internal audits. ByteDance's subsidiary, Chaoyue Guangnian, is currently in negotiations with Tencent to sell multiple games. Jufu Rui stated that iPhone sales in China are declining at an accelerated pace.

Breakfast | Nasdaq and S&P 500 hit the largest increase in nearly two months, NVIDIA reaches a new high, and AMD launches its first desktop AI processor.

高尔夫球巨星 “老虎伍兹” 与耐克结束近 30 年合作，合约总金额近 6.6 亿美元。伍兹在 1996 年与耐克签订了一份为期 5 年、价值 4000 万美元的合同，随后又与耐克续约多次，合同总价值达到了 6.6 亿美元。

高尔夫球巨星 “老虎伍兹” 与耐克结束近 30 年合作，合约总金额近 6.6 亿美元

亚马逊、谷歌和微软等跨国科技巨头正在沙特扩大存在，获得在利雅得设立区域总部的许可。这是在沙特政府政策压力下的一个重要商业事件。政府此前表示，将停止向未在该国设立地区总部的企业授予合同。

亚马逊、微软等跨国企业据悉纷纷在沙特设立地区总部

现货比特币交易所交易基金 (ETF) 的交易价格可能高达标的资产净值的 8% 溢价，这可能是一个疯狂的数字。美国证券交易委员会 (SEC) 不愿让经纪商直接交易现货比特币，这可能会增加比特币 ETF 的交易复杂性，导致交易价格较资产净值存在大幅溢价。周三是 SEC 对现货比特币 ETF 申请的最后期限，如果获得批准，比特币 ETF 可能吸引大量资金。

做市商 GTS 高管：现货比特币 ETF 交易溢价将高达 8%

比特币价格突破 47,000 美元，创下自 2022 年 4 月以来的新高。市场对美国批准现货比特币交易所交易基金 (ETF) 的期待推动了比特币的上涨。投资者预计该 ETF 将吸引更多资金流入，推动比特币价格进一步上涨。多个资产管理巨头已经提交了相关文件，预计该 ETF 将获批。批准比特币现货 ETF 可能会推高比特币价格 10-15%，而不获批可能会导致一定的修正，但价格仍有强劲支撑。批准该 ETF 可能会让比特币在明年年底前涨幅超过 300%。

现货 ETF 或于本周获批！比特币飙升至近 2 年高点

Nvidia's stock reached a record high after announcing new graphics processors and components related to artificial intelligence. The company's stock value now stands at nearly $1.3 trillion, and its stock market value helped boost the semiconductor index by 3.3%.

Nvidia rallies to record high as chipmaker announces AI-related components

On Monday, potential issuers of Bitcoin spot ETFs such as BlackRock and Ark Invest, also known as "Wood's Ark," submitted amended S-1 application forms to the U.S. Securities and Exchange Commission (SEC). Bitcoin rose to $46,000, reaching a new high since April 2022, with an intraday increase of approximately 4%.

Bitcoin Spot ETF Approved for Further Progress: BlackRock and Others Submit Revised Key Documents

比特币日内大涨 5.00%，现报 46481 美元/枚。以太坊日内涨幅达 5.00%，现报 2334 美元/枚。

比特币突破 46000 美元/枚，为 2022 年 4 月 6 日以来新高，日内涨 3.97%。

NVIDIA announced that the GeForce RTX 40 Super series enhances gaming performance, providing 52 TFLOPS of shader performance, 121 RT TFLOPS of ray tracing performance, and up to 836 AI TOPS of AI performance. It supports over 500 RTX games and apps, preparing users for the wave of generative AI apps on personal computers (PCs). All three GPUs will be released within January, with a starting price of $599 or 4,899 RMB.

NVIDIA launches GeForce RTX 40 Super series graphics cards, delivering AI-powered excitement for PC gamers and developers

美中嘉和公布招股结果，公开发售录得 1.99 倍认购，一手 (200 股) 中签率 100%。最终发售价 14.28 元，即近下限定价，集资净额 4.66 亿元。内地肿瘤医疗服务提供商美中嘉是次发售 3,942.02 万股 H 股，公开发售占 10%；招价介乎 14.1-16.4 元。联席保荐人中金及海通国际。(de/d)

《新股消息》美中嘉和公开发售获 1.99 倍认购  发售价 14.28 元

Earlier, there were reports that several shipping companies had reached an agreement with Houthi armed forces in Yemen to ensure the safe passage of their vessels through the Red Sea, causing a sharp decline in shipping stocks. A.P. Møller - Mærsk A/S saw a drop of up to 8% at one point. However, both A.P. Møller - Mærsk A/S and Hapag-Lloyd denied the news of reaching an agreement, and the decline in shipping stocks subsequently narrowed.

Reaching an agreement with Houthi armed forces? A.P. Møller - Mærsk A/S denies it, shipping stocks narrow their decline

Nvidia has announced that four Chinese electric vehicle brands, including Li Auto and Xiaomi, will use its technology for automated driving systems. This move highlights Nvidia's determination to expand in China, despite tighter export rules from the US. The rising EV market in China presents a growth opportunity for Nvidia and other semiconductor manufacturers. Additionally, Nvidia is working with companies like WPP and Lotus to develop more advanced online shopping tools for the automotive industry.

Nvidia expands its reach in China's EV sector

地缘冲突和地震事件增加了市场对供应链和通胀的担忧。近期红海危机导致航运公司绕道好望角，航运成本上升。巴拿马运河缺水危机也对航运产生了限制。日本地震对汽车和芯片产业造成了扰动，丰田汽车受地震影响暂停运营。全球供应链压力指数自去年下半年以来上升，尽管存在地缘冲突和自然灾害的风险，但目前影响相对有限。供应链压力的上升引起市场的关注。

地缘 + 地震，供应链压力卷土重来？

Looking ahead to this year, Goldman Sachs believes that US tech stocks will experience a 10% pullback, with returns closer to historical average levels and increased volatility.

Largest-scale sell-off in four months! Hedge funds aggressively dumping US tech stocks

凯西·伍德旗下方舟投资公司 1 月 5 日再次抛售数字加密货币交易所 Coinbase 的 133,823 股票，价值约 2060 万美元。

比特币 ETF 审批在即：“木头姐” 再抛 2060 万美元的 Coinbase 股票

劳斯莱斯去年销售 6032 辆汽车，创下 119 年来的新高。劳斯莱斯强调其产品的独特性和多样性，特别是在定制和个性化方面，对其强劲业绩起到了积极作用。劳斯莱斯在多个市场都取得了增长，中东、亚太和欧洲市场的销量均创下历史新高。2023 年，美国仍然是劳斯莱斯最大的市场，大中华区位列第二。劳斯莱斯的定制能力不断增强，2023 年定制委托数量和价值达到新纪录。总体而言，劳斯莱斯的销量与预期相符，符合其作为国际豪华品牌的地位。

劳斯莱斯去年卖了 6032 辆，创 119 年来新高

工信部印发《国家汽车芯片标准体系建设指南》：到 2025 年，制定 30 项以上汽车芯片重点标准。

Harpoon surged 140% in pre-market trading, mainly due to Merck's discussion of a 118% premium acquisition of the company. Popular Chinese concept stocks plummeted, with XPENG falling over 4%, JD.com falling over 3%, NetEase, Bilibili, and Baidu falling over 2%, and Alibaba, Pinduoduo, NIO, and Li Auto falling over 1%.

Pre-market US stocks | XPENG, JD lead the decline of Chinese concept stocks! Harpoon soars 140%

Morgan Stanley expects that the usage of Tencent Video accounts will further increase, which means more advertising volume and a larger share of the wallet for the advertising business. However, they do not anticipate a rapid acceleration in advertising spending growth this year. It is estimated that the revenue contribution from video accounts will reach 36 billion yuan by 2026, accounting for about 20% of social advertising revenue. The bank believes that there are untapped monetization opportunities in the company's business ecosystem.

Rating Quick Look | TENCENT, BYD "Outperforming the Market"! XIAOMI-W Target Price Downgraded!

今年投资美股为何将不再像去年那样简单粗暴？目前市场上已经没有 “便宜货” 了。今年美股投资的最大困难：经济周期被打乱。从未来十年来看，高估值往往意味着长期回报不佳。

理解市场 | 美股今年能突破 2022 年的历史高位吗？

加密货币做市商 B2C2 1 月 8 日宣布任命 Thomas Restout 为集团首席执行官，接替 Nicola White。

B2C2 任命 Thomas Restout 为集团首席执行官

2024 年，通胀、利率和总统大选可能会成为 ETF 投资者最关心的问题。投资者需要考虑的四个趋势和见解包括：1. 需要定价权来抵御短期需求疲软预测影响更广泛行业和行业收入增长；2. 具有较强定价权的公司通常表现出更高的增长率和更强的质量特征；3. 可能从中受益的 ETF 包括消费品 ETF 和奢侈品 ETF；4. 在当前的宏观环境下，通胀成本也在上升，需要关注非必需消费品和必需品领域具有更强定价权的公司。