LI AUTO's stock price has fallen nearly 7%, reaching a new low since May last year, with a turnover of HKD 587 million. LI AUTO has been overtaken in the weekly sales ranking of new energy vehicle brands for two consecutive weeks, indicating a weakening sales trend. Due to market slowdown and intensified competition, LI AUTO has reduced the price of its products by 8% to 10%, leading to a downward revision of its net profit forecast by Dahua Securities. The bank has also lowered its delivery volume forecast for this year and the next.

Hong Kong Stock Market Update | LI AUTO falls nearly 7%, hitting an 8-month low. Sales trend weakens as it is overtaken by competitors for two consecutive weeks.

跨境 ETF 持续受资金追捧，美国 50ETF 午后快速拉升涨停，溢价率超 10%，此外日经 ETF 大涨超 4%，纳斯达克 ETF 涨 3.54%。

美国 50ETF 午后涨停 溢价率超 10%

港股内房股集体下跌，华润置地、绿城中国、越秀地产、融创中国、龙湖集团、碧桂园、富力地产股票价格出现较大幅度的跌落。

根据天风国际证券分析师郭明錤的报告，预估苹果 Vision Pro 在开放预购后的首周末卖出 16 万至 18 万部。Vision Pro 的出货时间延长至 5-7 周，但今年的出货量预计可达到 50 万部。然而，需求在预购销售一空后迅速下滑，因此需要继续观察其他市场需求和应用更新来判断需求变化。

苹果 Vision Pro 到底有多火爆？郭明錤：首个周末预购可能达到 16 万至 18 万部

金十数据 1 月 22 日讯，大和发表研报指，哔哩哔哩短期内缺乏催化剂支持，加上市场竞争激烈及宏观不确定性，为增加广告业务变现带来压力，因此将其 H 股投资评级由买入下调至持有，目标价相应由 160 港元大幅下调逾半至 77 港元。

大和：降哔哩哔哩评级至持有 降低目标价至 77 港元

本周日本央行将公布利率决议，关注行长植田和男对可持续通胀的评估。预计央行将维持主要货币政策稳定，维持短期政策利率在-0.1% 并保持收益率曲线控制项目参数不变。经济学家认为取消负利率只是时间问题，乐天证券首席经济学家表示在 4 月份政策会议上放弃负利率是最自然的。工资增长迹象明显，官员们鼓舞。央行将研究春季劳资谈判初步结果及其他数据参考。

本周日本央行利率决议需关注哪些信息？ 

英伟达 CEO 黄仁勋本周低调访问中国，参加了中国区年会并参演节目。此次访问是黄仁勋数年来首次访问中国大陆，他还到访了英伟达在北京、上海和深圳的办公室。

英伟达黄仁勋参加中国区年会 穿 “东北大花” 热舞

亚洲股市回落，美国股指期货延续涨势。油价企稳，美元兑 G10 货币走弱。投资者关注美国 GDP、央行利率决议、韩国经济数据等。股市表现：标普 500 指数期货、纳斯达克 100 指数期货上涨，日本股市领涨，韩国股市下跌，香港恒生指数下跌，上证综合指数下跌，澳大利亚 S&P/ASX 200 指数上涨。货币表现：美元持平，欧元兑美元持平，日元兑美元上涨，人民币兑美元持平，澳元兑美元持平。加密货币表现：比特币下跌，以太币下跌。债券方面未提及具体情况。

亚市午盘：亚洲股市回吐部分涨幅 日本股市领涨

美元连续第三天走弱，美国股指期货创下历史新高。纳斯达克期货一度上涨 0.8%，标普 500 指数期货上涨 0.3%。10 年期美国国债收益率下跌一个基点，至 4.11% 附近。大型科技股推动标普 500 指数上周五创下纪录新高。

美国股指期货触及纪录高位

波音客机故障事件持续发酵！联合航空周五之前取消波音 737 MAX 9 航班

According to the given news information, this information belongs to investment research. According to the survey results, two-thirds of the respondents believe that betting on the Federal Reserve's early easing of monetary policy is the "most foolish" trade. Although the S&P 500 index closed at a historic high last week, investors are in a battle with data showing the resilience of the U.S. economy and Federal Reserve officials who oppose premature rate cuts. Wall Street's anxiety over excessive bullish bets on Fed rate cuts is growing. Traders have reduced the number of rate cuts to five and have begun to cut back on bets that the Fed will start a monetary easing cycle in March. Investors are less optimistic about stocks than they were in November last year, but still prefer stocks over bonds. The stock market is dominated by bulls, but respondents have a lukewarm attitude towards Bitcoin.

Bulls in the US stock market need to be cautious! According to a survey by MLIV Pulse, betting on an early interest rate cut by the Federal Reserve is considered the "most foolish" trade.

In 2023, the overseas hedge fund industry generated a profit of $218 billion for its clients. Among them, the top 20 companies managed less than 1/5 of the industry's assets, but contributed nearly 1/3 of the industry's profits.

Top 20 Profitable Overseas Hedge Funds in 2023: TCI Takes the Lead, Followed by Citadel

* 花旗降百度目标价至 171 美元 股价回调为「买入」机会

* 花旗降百度目标价至 171 美元  股价回调为「买入」机会

The latest report of the Hang Seng Technology Index is 3052.88 points, a decrease of 72% from its peak of 11001 points on February 26, 2021.

Is Huatai-PB CSOP Hang Seng Technology ETF (QDII) launching a "3000-point defense battle"?

东方甄选可能与 TikTok 合作，进行海外供应链业务。东方甄选的招聘页面显示，他们正在招聘与 TikTok 合作的职位，包括海外店铺运营经理、内容运营经理和商务经理。商务经理的工作内容包括供应商资源开发、采购流程优化、供应商信息分析和采购市场趋势分析等。这一合作有助于东方甄选建立稳定的供货渠道，开拓新品牌新品类。

东方甄选出海或与 TikTok 合作

* 麦格理削李宁目标价 38% 至 26 元 评级「跑赢大市」

* 麦格理削李宁目标价 38% 至 26 元  评级「跑赢大市」

Hong Kong property stocks are all down. As of the time of writing, Hang Lung PPT fell 6.11% to HKD 9.07; Swire Properties fell 4.69% to HKD 14.22; Wharf REIC fell 2.63% to HKD 22.65; CK Asset fell 2.41% to HKD 34.45. According to a report by Morgan Stanley, interest rate cuts since the second half of this year should help reduce interest expenses, but the housing market needs support from mortgage rate cuts and improved market sentiment, which may not happen this year. It is expected that Hong Kong's property prices will fall by 10% for the whole year, returning to the level of August 2016. In addition, the bank predicts that Hong Kong's interbank rates in the first half of this year will be about 100 basis points higher than the same period last year, which is unfavorable for companies with high debt and a high proportion of floating interest rates. The bank believes that only companies with strong balance sheets are more likely to maintain or increase dividends in this environment.

Hong Kong property stocks plummeted across the board, with Hang Lung Properties falling more than 6%. Morgan Stanley predicts a 10% decline in Hong Kong property prices for the whole year.

恒指最新急插 334 點，失守萬五關，科指插 2.8%，騰訊插 3%，美團瀉 6%，港交所插 3.9%。內地維持 LPR 不變，內房股受壓。潤地瀉近 9%。股市出現大幅下跌，投資者需密切關注市場走勢。

恒指最新急插 334 點 失守萬五關

Zuckerberg stated that by the end of the year, Meta Platforms will possess nearly 600,000 H100 chips (worth up to 150 billion RMB).

Night Market Scan | AI is hot! AMD rose 3.5% at one point, NVIDIA rose 1.5%

Still expanding into the medical device market.

New stock returns continue to rise, and the red-hot market welcomes a "rising star"

How does the current Hong Kong stock market compare to previous bottoms? What can we expect in the future? First of all, some technical indicators are approaching extreme levels seen in previous bottoms! The support level for the Hang Seng Index on a monthly basis is around 14,600. However, for the rebound to be sustained, it still requires policy measures that are "appropriate" to the situation as a foundation.

Understanding the Market | How far has the Hong Kong stock market fallen?

申万宏源认为，需求侧存在堵点约束了地产政策的效果。PSL 将是潜在破局方向，但需要转变投向，期待投向范围扩容至保交楼，并适当引入财政资金。地产竣工结构是需求侧堵点之一，已售期房竣工偏低，导致地产需求和消费需求受限。此外，堵点还约束了信用传导。申万宏源建议政策对症下药破解堵点，以引导存量政策重新发挥作用。

申万宏源：什么政策短期更能 “对症下药”？

港股科网股持续下挫，美团跌超 5%，哔哩哔哩跌近 5%，商汤跌超 3%，携程集团、腾讯控股、东方甄选、百度集团跌超 2%。

港股科网股持续下挫 美团跌超 5%

STAR CM fell more than 5% again, and has plummeted 94% since its high point in June last year. As of the time of writing, it has fallen 5.56% to HKD 6.97, with a turnover of HKD 3.16 million. On the news front, on December 28, 2023, when the one-year lock-up period for STAR CM's listing expired, there was a CCASS storage anomaly (usually seen as a precursor to shareholders planning to sell shares), with a staggering 236 million shares being stored in China Merchants Securities Hong Kong, accounting for 59.33% of the company's actual circulating share capital. Based on the closing price that day, the market value of this storage position exceeded HKD 4.4 billion. In addition, on the evening of August 17, 2023, a recording of Li Wen's narration of unfair treatment during her participation in "The Voice of China" was exposed. On August 25, Zhejiang Satellite TV issued a statement saying that due to the investigation into the problems raised by the audience and netizens regarding the program "The Voice of China", the show has been temporarily suspended. Analysts believe that STAR CM's variety show business has been performing poorly in recent years, and the suspension of "The Voice of China" is like the last straw that breaks the camel's back. In the absence of any signs of improvement in the fundamentals and with pessimistic market expectations, STAR CM may not have reached its "bottom" yet.

Hong Kong Stock Market Update | STAR CM falls over 5%, down 94% since its peak in June last year.

恒生科技指数跌超 1%，恒指跌近 1%。

* 美银证券升苹果评级至「买入」目标价上调至至 225 美元

科技股凶猛的同时，货币基金依旧疯狂吸金！对经济软着陆的怀疑、对利率政策的不确定性，以及地缘政治因素对市场的潜在影响，投资者在此背景下倾向于 “哑铃策略”，即将资产配置在高风险的科技股和低风险的货币基金上。

理解市场 | 美股投资者为何倾向于 “哑铃策略”？

* 美银证券升微软目标价至 450 美元 料今年增长加快

* 美银证券升微软目标价至 450 美元  料今年增长加快

港股零跑汽车一度跌超 10%，现跌超 7%。

Short-term negative turns into long-term positive! Bernstein released a research report stating that GLP-1 class weight-loss drugs developed by Novo Nordisk AS and Eli Lilly are becoming increasingly popular, which can expand the market for weight-loss surgery in the long run. The number of weight-loss surgeries has decreased by about 11% due to the promotion of GLP-1 drugs. Although the volume of surgeries may be under pressure in the short term, weight-loss surgeries are becoming safer, faster, more effective, and lower in cost. GLP-1 drugs can help more patients achieve a safer BMI index, making them eligible for weight-loss surgery.

Short-term negative turns into long-term positive! Bernstein: Weight loss drugs are expected to expand the market for weight loss surgery.

恒指开盘涨 0.26%，恒生科技指数开盘涨 0.48%。众安在线跌近 5%，蔚来跌超 2%。

中国 1 月五年期贷款市场报价利率 (LPR) 4.2%，前值 4.2%。

Goldman Sachs executives predict that the US stock market and private equity market will perform well in 2024, and they advise investors to maintain an investment attitude. Due to volatility, it is best to avoid commodities. The US and UK economies showed resilience in the second half of 2023, attracting many buyers to the stock market. Goldman Sachs expects major central banks to lower key interest rates in the first half of 2024, continuing to boost the stock market. There is increasing interest in investment in generative artificial intelligence, and Goldman Sachs predicts that generative AI can increase global GDP by 7%. Goldman Sachs' investment research report believes that there is still room for development in the market, especially in the United States.

Understanding the Market | Why "Stay Invested" in 2024?

今日上午，雷军转发央视财经小米汽车微博并称：“小米汽车的目标，就是通过 15 年到 20 年的努力，成为全球前五的汽车厂商，为中国汽车工业全面崛起而奋斗！

雷军再提小米汽车全球前五目标

亚洲股市上涨，标准普尔 500 指数创历史新高。日本股市开盘大涨，韩国股市上涨。美国股指期货小幅上涨。日经 225 指数今年上涨超过 8%。美元对主要货币几乎没有变化，保持了本月的涨幅。10 年期美国国债期货在亚洲市场小幅上涨。比特币和以太坊下跌。WTI 原油期货涨 0.2%。

亚市早盘： 亚洲股市走高 此前标准普尔 500 指数创历史新高

LINEKONG plans to purchase up to $6 million worth of cryptocurrency. Since the approval of the purchase authorization on November 22, 2023, the value of the cryptocurrency has skyrocketed, leading to the revision of the purchase authorization to $6 million. The board of directors of LINEKONG believes that the revised purchase authorization provides flexibility to seize fleeting opportunities. The other terms of the purchase authorization will remain unchanged.

LINEKONG 计划最多购买 600 万美元的加密货币。

The highly anticipated Apple Vision Pro has officially started pre-sales in the United States, and the pre-sales situation is extremely hot. The Apple official website was overwhelmed with traffic within 5 minutes of opening pre-sales, and inventory was sold out within 18 minutes. Vision Pro is hailed as the first spatial computing device and is considered by Apple to be a groundbreaking product of the era. In terms of configuration, it features a Micro-OLED display, built-in 8-core CPU, 10-core GPU, 16-core neural network engine, and 16GB unified memory M2 chip. As for the price, the Vision Pro 256GB version is priced at $3,499, the 512GB version is priced at $3,699, and the 1TB version is priced at $3,899.

Hong Kong Stock Concept Tracking | Snapped up! Apple Vision Pro pre-sale is exceptionally hot, a new revolutionary product has arrived (with concept stocks)

OpenAI is in talks with Middle Eastern investors for financing a new chip project. The starting price for Apple Vision Pro is $3,499, and it costs $799 to replace the glass back cover. The US Congress has banned the Pentagon from purchasing batteries from six Chinese companies, including CATL and BYD. Lei Jun said that the pricing of Xiaomi cars may be a bit expensive. Peace Elite Esports officially announced a partnership with Douyin Games.

Breakfast | Tesla, Netflix, Intel, and others release earnings this week, Apple Vision Pro pre-orders are hot

Sk 集团总裁与 OpenAI CEO 奥特曼或洽谈人工智能芯片合作。

英伟达 CEO 黄仁勋近期参加了英伟达中国区的年会，身穿东北花背心转手帕、扭秧歌的视频在网络流传。尽管英伟达表示黄仁勋只是为了和员工欢聚，但由于 AI 浪潮、美国芯片禁令以及中国特供版芯片遇冷等原因，黄仁勋的出现引起了人们的关注。黄仁勋此次低调出现可能出于专注内部发展的战略考量，而非外部宣传。综合来看，黄仁勋的出现可能是出于内部聚焦和谨慎策略的选择。

黄仁勋 “闪现” 英伟达欲稳中国市场

投资公司 Arkhouse Management 周日在一份声明中证实，该公司及其合作伙伴 Brigade Capital Management 于 12 月 1 日提出了以每股 21 美元的价格收购美国老牌零售巨头梅西百货的提议。上个月有报道称，Arkhouse 和 Brigade 组成的投资财团提出以 58 亿美元收购梅西百货并将其私有化。该财团已通过 Arkhouse 管理的基金持有大量梅西百货股份。

Arkhouse 证实报价每股 21 美元收购梅西百货

RBC Securities analyst Dan Dolev has listed his top picks for the fintech payment industry in 2024, including Affirm Holdings, Fande Information Technology, Robinhood, and Block. He also highlighted four major trends for 2024, including potential competition for payment network giants, vertical specialization in merchant acquiring, a low-interest rate environment in the lending technology and consumer finance sectors, and the level of activity in the cryptocurrency market.

Understanding the Market | How to Invest in the 2024 US Stock Financial Technology Payment Sector?

大华继显：将理想汽车 H 股评级下调至卖出，目标价 100 港元。

Technology stocks led the astonishing rebound of the S&P 500 index in 2022, reaching a new closing high and intraday high in the past two years. This rebound was mainly driven by the seven giants, namely Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla. Investors have raised their expectations for these companies' profit growth due to the advancement of artificial intelligence and cost reduction, while the expectation of a rate cut by the Federal Reserve has also fueled the rebound of the US stock market. After experiencing a significant decline in 2022, the technology sector has outperformed other sectors since hitting bottom, becoming the leader of the rebound in 2023.

After a two-year high, technology stocks lead an astonishing rebound in Pro UltrPro Shrt S&Pro 500.

OpenAI 首席执行官正与全球投资者洽谈，开始筹划自己制造芯片。OpenAI 担忧人工智能芯片短缺，计划成立一家芯片制造公司，以满足市场需求。目前，人工智能芯片需求集中在少数公司身上，供不应求。

美媒：OpenAI 首席执行官正与全球投资者洽谈，开始筹划自己制造芯片

央行货币政策司司长邹澜介绍，货币政策将从三方面发力：保持流动性合理充裕，社会融资规模、货币供应量与经济增长和价格水平相匹配；发挥好货币政策工具的总量和结构双重功能，重点做好科技金融、绿色金融、普惠金融、养老金融、数字金融；促进社会综合融资成本稳中有降，保持人民币汇率基本稳定。

央行：发挥好货币政策工具总量和结构双重功能，盘活存量、提升效能

盘活存量、提升效能，是今年货币政策的重要发力方向。中国人民银行相关负责人表示，下一阶段，货币政策将更加注重跨周期和逆周期调节，平衡好短期与长期、稳增长与防风险、内部均衡与外部均衡的关系，为稳定物价、促进经济增长、扩大就业、维护国际收支平衡营造良好的货币金融环境。

央行：下一阶段，货币政策将更加注重跨周期和逆周期调节

1 月 21 日兴证全球基金旗下谢治宇 程剑管理的兴全合宜灵活配置混合型基金 (LOF) 公布年报，近 1 年净值增长率-28.14%。与上一季度相比，该基金前十大重仓股新增通富微电，新产业，宁德时代；并对快手-W 增仓 150.35 万股，为该基金第一大重仓股；药明生物，工业富联，腾讯控股等退出前十大重仓股；详细数据如下：以上内容由证券之星根据公开信息整理，由算法生成，与本站立场无关。证券之星力求但不保证该信息（包括但不限于文字、视频、音频、数据及图表）全部或者部分内容的的准确性、完整性、有效性、及时性等，如存在问题请联系我们。本文为数据整理，不对您构成任何投资建议，投资有风险，请谨慎决策。

兴证全球基金谢治宇旗下兴全合宜 A 年报最新持仓，重仓快手-W

On the iron throne, there is always a new king replacing the old one. The replacement for GPUs is emerging, and the first and foremost is ASIC (Application Specific Integrated Circuits). Major cloud providers are actively developing ASICs to reduce their reliance on NVIDIA.

Winning first doesn't mean winning! How long can NVIDIA and OpenAI monopolize OpenAI?

全球供应链受损已超疫情早期！航运巨头马士基警告红海危机可能导致全球航运网络中断数月，市场担忧供应链安全。公司已将船只转向好望角航线以避袭击。马士基 CEO 表示供应链中断至少数月，全球船运费飙升。高盛分析师认为胡塞武装袭击对红海油运影响较小，曼德海峡石油流量稳定。胡塞武装袭击已引发连锁反应，供应难题加剧。