Apple's Vision Pro has been reported to reduce production to 400,000 units next year. But why shouldn't we worry? It's important to note that the high price of $3,499 has already lowered market expectations. Even if they only sell 150,000 units in the first year, the production capacity of 400,000 units is more than enough.

Vision Pro slashed production by 60%? Apple doesn't need to panic, Meta Platforms also has hopes of "rising"!

德意志银行的研究分析师一直在市场上寻找 “合适” 的买入，包括他们一直看好的两只高股息率股——Westlake Chemical 和 Frontline。

美股上半年大涨过后 下半年这两只高股息率股值得投资？

As of June 28, 2023, the Hang Seng Hong Kong Stock Exchange Biotechnology (HSHKBIO.HI) Index PB (LF) stood at 2.35 times, ranking in the 8.41th percentile over the past 3 years. It is lower than the historical median of 3.64, indicating a relatively high safety margin after a prolonged decline.

Is Hong Kong biotech stocks a rebound play?

乘联会：特斯拉 6 月中国交付量为 93,680 辆。

日本大型股权基金 Alma Eikoh 今年表现优于 99% 同行。其基金经理人 James Pulsford 表示，过去一个月当中，Alma Eikoh 已将今年大涨一倍多的瑞萨电子减仓近三分之一，同时将部分资金投入一些防御性股票，如日清食品和肥皂供货商花王，以及三菱重工、NEC 等军工股。Pulsford 表示：“我们回收一些表现良好的投资，将资金重新投入一些近期表现不佳，但基本面强劲的股票。” 目前半导体仍是 Alma Eikoh 的主要投资组合，权重超过 10%。

日本顶尖股权基金减仓芯片股 转投日清、花王等防御性股票

NVIDIA, which soared 189% in the first half of the year, not only achieved the best half-year increase in its stock price, but also outperformed all other stocks in the S&P 500 and Nasdaq 100 indices. On the other hand, JD.com experienced a 39% decline in the first half of the year, marking its worst performance ever in the first half.

US Stocks in the First Half of the Year: NVIDIA and S&P Global Inc. Performed the Best! JD.com Unexpectedly Plunged.

今日，有消息称，Meta 将重返中国，已经与多家中国科技公司进行了讨论，目前可能会和腾讯进行合作，后者或成为 Meta Quest 系列头显的独家经销商，且将为 Quest 头显开发 VR 游戏。对此，腾讯回应表示，不予置评。

腾讯回应或与 Meta VR 头显达成合作：不予置评

Analysts believe that the adjustment of the renewal rules this time is more reasonable and moderate from multiple aspects, which is beneficial to the long-term healthy development of the innovative pharmaceutical industry. Influenced by this news, the A-share and Hong Kong stock pharmaceutical sectors quickly strengthened in the afternoon.

Health insurance major move is coming: Major benefits for innovative drugs! A-share and Hong Kong stock pharmaceutical sectors join forces to surge upwards.

7 月 4 日，理想汽车 CEO 李想发文称，7 月第 2 周开始的周产能会从 7500 辆/周提升到 8000 辆/周，交付量的变化会体现在 7 月的第 3 周和第 4 周。

理想汽车 CEO：7 月第 2 周起产能将提升到 8000 辆/周

私募股权公司 GTCR LLC 正就收购支付处理公司繁德信息技术商业业务的多数股权进行深入谈判。

传 GTCR 以近 200 亿美元收购繁德信息技术商业业务的多数股权

市场消息：阿里巴巴据悉考虑视频平台优酷和土豆的战略选项；消息人士称，阿里巴巴尚未就视频资产评估作出决定。

市场消息：优酷和土豆的战略选项包括将资产注入阿里影业。

Stability AI 创始人兼 CEO Emad Mostaque 指出，目前 41% 的代码已由 AI 生成，5 年内或许将不会再有人类程序员。

Stability AI CEO 放出豪言：5 年内，人类程序员将不复存在

Germanium and gallium are both emerging strategic minerals that are widely used in semiconductor materials, new energy, and other fields. They are listed in the national strategic mineral list. Moreover, China occupies a leading position globally in terms of both metal reserves and exports.

Why is it Jia and Germanium?

据美国《华尔街日报》3 日披露，扎克伯格的 Meta 公司正与中国企业进行洽谈，想将 Meta 公司的 VR 头戴设备引入中国市场。

美媒：Meta 公司想将 VR 头戴设备引入中国市场 正与中国企业进行洽谈

欧盟内部市场委员布雷顿：谷歌、亚马逊、苹果、Meta 和微软表示他们符合门槛要求。

浙江世宝港股午后持续拉升涨近 40%，A 股 24 万手封住涨停板。

The National Healthcare Security Administration is soliciting public opinions on the "Renewal Rules for Negotiated Drugs" and the "Bidding Rules for Non-Exclusive Drugs" today. According to an industry analyst, the new rules mainly have three changes: 1. Inclusion in the regular catalog. 2. The price reduction in this round of negotiations will take into account the previous reduction, which will be more moderate than before. 3. The renewal threshold has been raised. Exceeding market expectations, overall it is beneficial to innovative drugs.

Analyst: Negotiation drug renewal rules exceed expectations, benefiting innovative drugs.

生物医药股午后拉升走强，截至发稿，荣昌生物涨 17.86%，报 40.25 港元；加科思-B 涨 11.53%，报 6.48 港元；康诺亚-B 涨 10.68%，报 46.65 港元。

港股异动 | 生物医药股午后快速拉升 国家医保局就《谈判药品续约规则》及《非独家药品竞价规则》公开征求意见

7 月 3 日，中国驻美大使谢锋会见美国财长耶伦。双方就中美关系及共同关心的多双边经济金融问题交换了意见。（玉渊潭天）

谢锋大使会见美国财长耶伦

继英伟达之后，全球多个科技巨头都在竞购 SK 海力士的第五代高带宽内存 HBM3E。据半导体业内人士称，全球各大科技巨头已陆续向 SK 海力士索取 HBM3E 样品，包括 AMD、微软和亚马逊等。

消息称 AMD、微软和亚马逊等大厂排队竞购 SK 海力士 HBM3E 内存

摩根士丹利分析师亚当·乔纳斯在当地时间周一发布的一份报告中表示，预计特斯拉今年交付量将达到 190 万辆，高于该公司自己设定的 180 万辆的目标，2030 年交付量将达到 790 万辆。乔纳斯认为，与市场预期的相反，在 2030 年之前，电动汽车的普及可能以 “较低的速度” 发展，这可能使特斯拉能够 “在更长时间内保持较高” 的市场份额，好比 “一个更小的馅饼，其中更大的一块给了特斯拉。” 乔纳斯维持了对特斯拉的 “均配” 评级，相当于 “持有”，目标价 250 美元。

大摩：预计特斯拉今年交付 190 万辆，2030 年达 790 万辆

On the market, rare earth concept stocks are strong, tobacco, dental, and autonomous driving have seen significant gains, while new energy vehicles have experienced a pullback. Mechanical stocks and CXO concept stocks are leading the decline.

Hong Kong stocks opened low and rose high, with the Hang Seng Index up nearly 1%. The autonomous driving sector performed well, with the rare earth sector showing strength.

HTSC Securities believes that there is a huge difference in the AI market between Hong Kong and the United States. This is mainly because Chinese AI technology has not directly boosted corporate profits, and more rational Hong Kong stock investors rarely choose to participate in advance. As Chinese AI technology gradually matures and transforms into profitable ventures, Hong Kong stocks are still expected to benefit from the AI industry!

This year's hottest AI market: US stocks have soared, why is Hong Kong stock market not performing well? When will the opportunity come?

Before the release of Apple Vision Pro, the focus of the XR industry was more on VR. But things changed with Apple. Everyone realized that AR might be the true future of personal computing terminals.

Rokid Co-founder Xiang Wenjie: All AR manufacturers are looking forward to Apple's participation | Innovator

Defeating the domestic oil vehicles in the United States may be the vast ocean of opportunities for Tesla.

The Hidden Concern Behind Tesla's Glamour: Production Exceeds Deliveries for Five Consecutive Quarters

The current high valuation and low equity risk premium imply that future earnings will be particularly important for the contribution to the US stock market; meeting more market expectations in the second quarter results, which are already high, will be the key to short-term trends!

US stocks enter a critical July: experiencing a pullback, it's a good time to enter the market! Pay attention to the realization of second-quarter performance expectations.

美光财报显示存储周期底部拐点渐行渐近，近期诸多原厂提价动向也表明价格进入底部博弈状态。

民生证券：美光等海外龙头削减资本开支 存储周期拐点已现

港股汽车股回调，跌幅扩大，小鹏汽车、蔚来汽车跌超 8%，零跑汽车跌近 6%，理想汽车、长城汽车等跟跌。

Singapore Stock Market Daily Report on 3rd: MEITUAN-W 5 Times Long Warrant Surges in Price and Volume

今年一直表现优秀的日本大型股权基金 Alma Eikoh 在在过去一个月中已将瑞萨电子公司 (Renesas Electronics Corp.) 的仓位削减了近三分之一，而该股票今年的涨幅已超过一倍。

见好就收！跑赢 99% 同行的基金 Alma Eikoh 转投防守股，日清食品和花王成首选

港股恒指低开跌 0.09％，国企指数跌 0.24％，恒生科技指数低开 0.42%。小鹏汽车跌超 4%，蔚来、吉利汽车等回调。

On the one hand, Alphabet-C has updated its privacy policy, explicitly stating that it will collect public data for AI training. On the other hand, Alphabet-C has taken the lead in showing its sincerity to the "water sellers" of the AI era.

AI Battle, Alphabet-C hoards "data"

中金认为，当前美国面临 7 月后加息路径的确认，中国面临增长政策预期的兑现，这些都是较为重要的窗口期，将决定后续资产走向。

中金：中美均面临关键窗口期

Bridgewater's Chief Investment Officer, Greg Jensen, believes that AI will be the representative of the new technological revolution, but there are still many issues. Bridgewater focuses on integrating different types of AI and other technologies to build an ecosystem that helps Bridgewater with its investments.

How does Bridgewater invest in AI?

智通财经 APP 讯，特步国际发布公告，于 2023 年 7 月 3 日，公司 (作为借款方) 与恒生银行有限公司 (恒生)、香港上海汇丰银行有限公司、中国银行 (香港) 有限公司及东亚银行有限公司 (作为获授权牵头安排人及账簿管理人) 安排的六间银行组成的银团订立融资协议，据此，公司可按其所述的条款及条件获得年期 4 年本金额为 10 亿港元的贷款融资。融资旨在：悉数为本金额为 18 亿港元的现有定期贷款融资再融资，让集团维持其财务灵活性及有效管理其融资成本;及为集团的一般企业需求提供资金。融资由公司若干附属公司作担保。

特步国际自六间银行组成的银团获 4 年期本金额 10 亿港元的贷款融资

根据推特支持账号 Twitter Support 的一条推文，推特正式向所有人推出新的改进版的 TweetDeck。该账号称，30 天后，用户必须通过认证才能访问 TweetDeck，意味着需要支付 Twitter Blue 的订阅费用才能使用它。

推特推出新版 TweetDeck，认证用户才能访问

Meta Platforms 的 Threads APP 在苹果公司 APP Store 上线，具备预订功能。

Amazon-supported American electric vehicle manufacturer Rivian Automotive delivered 12,640 vehicles in the second quarter, a 59% increase compared to the previous quarter, surpassing market expectations of 11,000 vehicles. As a result, the company's stock price opened high and rose by 17.41% at the close of the day. This better-than-expected delivery volume from both automakers is a positive sign for investors who are bullish on electric vehicle stocks and those investing in emerging automotive technologies.

Not only Tesla, Rivian Automotive delivered better-than-expected results in the second quarter, with its stock price soaring more than 17%.

数据显示，2023 年的上半年，全球最富有的 500 人财富增加了 8520 亿美元

富豪们赚疯了！上半年全球最富有 500 人财富增加 8520 亿美元

Yvonne Gonzalez Rogers 法官裁定，苹果不能阻止 iOS 开发者在其应用中使用第三方支付平台，并驳回了苹果的上诉请求。而苹果公司现在再次上诉到美国最高法院，希望法官能重新考虑这项裁定。

苹果上诉至美国最高法院，因 30% 佣金将和 Epic 再次对簿公堂

“特斯拉劲敌” Rivian 未来数周将加大向欧洲发货亚马逊厢车的力度。

Amazon rolls out first European Rivian vans in Germany

除了约架，马斯克与扎克伯格之间的 “战火” 很快将烧到双方旗下的社交软件领域。据悉，META 计划发布一款名为 Threads 的社交应用程序，这款新产品将在推特老板马斯克宣布对用户进行浏览量限制不久后上市。社交媒体资深人士和分析人士认为，这款计划中的应用将成为推特的强大竞争对手。自马斯克去年 10 月接管推特以来，该公司一直面临着收入下降和其他挑战。知情人士说，META 预计将在其 Instagram 用户数据的基础上开发这款社交应用，这一战略举措可能有助于该应用迅速获得用户。

不止约架，扎克伯格瞄准马斯克的推特准备重拳出击

July 3 (Reuters) -

* MARK ZUCKERBERG LOOKS TO DELIVER HIT TO ELON MUSK WITH UPCOMING TWITTER CLONE- WSJ
* META PLATFORMS PLANS TO RELEASE A MICROBLOGGING APP CALLED THREADS- WSJ

Meta Platforms Plans To Release A Microblogging App Called Threads- WSJ

Greg Jensen said that the market's judgment was wrong and that it was too optimistic about the prospects of US economic growth and the Federal Reserve's ability to combat inflation. However, he admitted that Bridgewater Associates' views have changed. Although they still expect the economy to face shocks, they now believe that it will happen at a more moderate pace. Fiscal policy has changed the traditional economic model. As an early investor in OpenAI and Anthropic, Jensen revealed Bridgewater's layout in the field of AI.

Bridgewater Associates Co-CIO: Market Too Optimistic, Poor Outlook for Stock and Bond Markets

据证券时报，7 月 3 日晚间，商务部、海关总署发布公告，为维护国家安全和利益，经国务院批准，决定对镓、锗相关物项实施出口管制。公告自 2023 年 8 月 1 日起正式实施。 值得一提的是，镓、锗都是重要的稀有金属，在半导体材料、新能源等领域应用广泛。其中，镓更是被称为 “半导体工业新粮食”，锗也是重要的半导体材料之一。从全球产量来看，中国的镓、锗金属产量占比最高，分别高达 90%、68%。有分析人士指出，未来全球镓、锗市场贸易结构可能出现变化，中国镓、锗的出口配额或将降低，不排除相关产品价格上行的可能。

号称芯片新粮食！两部门出手：对两大稀有金属出口管制！影响多大？

Three AI startups announced new financing in June, all of which had participation from NVIDIA. Among them, Inflection AI became the third-highest valued AI unicorn globally, and the company announced the creation of the most powerful supercomputer, the 22,000 NVIDIA H100. Industry insiders believe that while NVIDIA has been leading its competitors for two years, its dominant position is not unassailable, and CUDA will not always be a moat.