1) Bullish on the resilience of Hong Kong's internet stocks. 2) Throughout the second half of the year, still bullish on high dividend yield and low PB ratio of state-owned enterprises.

Opportunities in Hong Kong stocks in the second half of the year: Internet or "China Special Estimate"?

全国政协 17 日在京召开 2023 年上半年宏观经济形势分析座谈会，中共中央政治局常委、全国政协主席王沪宁出席并讲话。他表示，要从新时代我国经济发展历史性成就和当前我国经济运行持续回升向好态势中，从以习近平同志为核心的中共中央驾驭复杂局面、从容应对各种风险挑战的卓越政治智慧和高超领导艺术中，深刻领悟 “两个确立” 的决定性意义，增强 “四个意识”、坚定 “四个自信”、做到 “两个维护”，把思想和行动统一到中共中央对经济形势的分析判断和对经济工作的决策部署上来，以更加坚定的信心决心推动经济持续健康发展。

全国政协召开 2023 年上半年宏观经济形势分析座谈会

据道琼斯报道， 腾讯控股的大股东 Prosus 预计其所持腾讯股份的比例将每年减少 2 至 3 个百分点，今年年底将降至 24%-25% 左右。报道称，Prosus 目前持有腾讯约 26% 的股份，价值约为 1,120 亿美元，Prosus 一直在缓慢出售所持的腾讯股份以资助其自己回购的计划。

腾讯大股东 Prosus：预计今年年底对腾讯的持股比例降至 24%-25% 左右

Truist raised its target price for NVIDIA from $470 to $545 and raised its target price for Broadcom from $890 to $942.

The most promising AI chip stocks: NVIDIA and Broadcom!

The next four weeks may not be a good time to buy, but rather an opportunity to "sell the news".

US stocks rise on earnings season, but this summer may be different.

Tesla rose 1.7%, Activision Blizzard rose nearly 4%, Alibaba and LI AUTO-W fell nearly 1%, JD-SWR fell 1.8%, PDD fell over 2%, BILIBILI-W fell nearly 3%, BEKE-W fell nearly 1%, BIDU-SWR rose 1%.

Pre-market US stocks | Tesla's first CyberTruck rolls off the production line, Meta's Threads user engagement declines, TSMC rumored to lower full-year revenue forecast.

Considering the new cost of equity and the reduction in the number of shares due to more buybacks, HSBC has lowered its target price for TENCENT from HKD 440 to HKD 425, a decrease of 3%. The bank also noted that the potential reduction in holdings by major shareholder Prosus may cause short-term volatility in TENCENT's stock price.

Big Moves | Tesla's Target Price Gets a Significant Boost! TENCENT Faces Slight "Discount"

参加本次座谈会的民营企业涉及钢铁冶炼、电子器件、食品加工等制造业，以及服务制造业发展的现代物流业。

一个月内第三次，发改委召开座谈会听取民营企业意见

瑞士信贷：将 META Platforms 目标价从 277 美元上调至 361 美元。

金十数据 7 月 17 日讯，受八号台风影响，香港证券及衍生品市场 7 月 17 日暂停交易。今年 5 月 11 日，港交所准备提议在台风期间继续交易，摒弃多年来一遇到台风就暂停交易的传统做法。据悉，由香港交易所、香港证监会和香港金管局组成的工作小组，正在起草允许在台风暴雨期间正常交易的计划，跟进香港政府 2 月份在财政预算案提出的相关倡议。港交所今天回复称，有关评估仍处于早期阶段，一切的调整都需要由香港政府及监管机构牵头，让所有利益持有者及市场参与者合作。相关员工及客户的安全，仍是港交所最重要的考虑因素。(上证报)

港股何时才能无惧台风？港交所：有关评估仍处于早期阶段

东吴证券陶川团队指出，在 “5% 左右” 的目标下，意味着下半年增速需要达到 4.6%，这一门槛并不算高，但仍需要政策端的发力来对冲，预计 7 月政治局会议仍将保持宽松基调，下半年在政策端仍将偏重科技和产业安全。

5.5%！下半年增长和政策如何角力？

Netflix will release its Q2 financial report after the US stock market closes on Wednesday. According to Bloomberg's consensus forecast, Netflix's Q2 revenue is expected to increase by 3.7% YoY to $8.265 billion, while earnings per share are projected to decline by 11.1% to $2.85.

Earnings Preview | Netflix's New Initiatives to Boost Performance, User Growth Expected to Accelerate

Computing power is the foundation of AI development, and the bottleneck of computing power ultimately lies in electricity. As the competition for AI arms race intensifies, the battle for electricity becomes increasingly important.

Server power consumption soars threefold! Is AI's final battle about not just computing power, but also electricity?

金十数据 7 月 17 日讯，今日下午，哪吒汽车首席执行官 CEO 张勇发布消息称，“根据用户老铁们的反馈，我们研发兄弟们加班加点，目前得到的信息是：在 8-12 月份，网易云音乐、QQ 音乐、抖音。。等，都将陆续上车。”

哪吒汽车 CEO 张勇：网易云音乐、QQ 音乐、抖音等将于 8 月-12 月陆续上车

AI 竞赛的秘密武器是专有数据，拥有专有数据的公司将成为真正的受益者。

木头姐：英伟达很棒，但 Twilio 才是 AI 的未来赢家

Artificial intelligence will disrupt the value chain from the bottom up, with the ultimate goal of achieving "superintelligence".

Worried about missing the AI boom? Deutsche Bank's heavyweight report: It's just the beginning

Tesla is expected to release its second-quarter financial report after the U.S. stock market closes on Wednesday. Analysts predict that the second-quarter revenue will increase by 43% YoY, reaching $24.3 billion, and the adjusted earnings per share will increase by 6.6% to $0.81.

Earnings Preview | Tesla's Q2 Gross Margin Expected to Bottom Out, Watch for Growth in Non-Automotive Business

Several Federal Reserve officials are cautious about the optimistic economic data and lean towards continuing to raise interest rates.

The Game between the Federal Reserve and the Market: Will There Be Another Rate Hike after July?

币安 CEO：提现系统出现技术问题，持续约 10 分钟；问题现在应该已经全部解决。

In the US stock market this year, the stock prices of two digital media companies have performed significantly better than their traditional media counterparts - namely Spotify and Netflix.

Stock price expected to continue outperforming Netflix! Spotify receives bullish outlook from institutions, raised to $205.

Various signs indicate that Federal Reserve policymakers seem prepared to resume rate hikes this month and remain open to further increases later this year.

Will the Federal Reserve raise interest rates by 25 basis points in July, and will it be the last time in this round?

Morgan Stanley's Chief Global Economist wrote that he expects interest rate cuts to occur in March 2024, while quantitative tightening (QT) will continue. He believes that the Federal Reserve will maintain a restrictive policy stance at that time.

Key Decisions of the Federal Reserve: When to Cut Interest Rates? When Will "Quantitative Tightening" End?

Previously, Tesla has notified its suppliers that the company plans to produce 375,000 Tesla vehicles annually.

Tesla Cybertruck is two years late, and Tesla still has six unfulfilled promises.

英伟达 5000 万美元入局，被嫌弃的 AI 制药为何风再起？

Last Friday, Tesla options trading volume nearly doubled, Nvidia options trading volume nearly tripled, and Alibaba call options trading volume accounted for 85%. JPMorgan options trading volume tripled, with call options accounting for nearly 75%.

US Stock Options | Trading volume of options for Nvidia and AMD triples, while options trading for JPMorgan Chase and Citigroup surges threefold.

金十数据 7 月 17 日讯，香港天文台表示，随着泰利继续远离香港，本地风势正逐渐减弱。天文台会在下午四时二十分改发三号强风信号。但与泰利相关的烈风区仍影响珠江口部分地区，本港西南部离岸海域初时仍会吹烈风，高地可达暴风程度。泰利的雨带亦会为本港带来猛烈阵风。

香港天文台：下午四时二十分改发三号强风信号

“囤猴翻车” 的昭衍新药跌停了

According to CICC's judgment, due to the probable weakening of US financial liquidity in the third quarter, the support for US stocks will be significantly weaker than in the second quarter. US stocks in the third quarter may be somewhere between the "strong" of the second quarter and the "weak" of last year. There may be some pressure in the fourth quarter before successfully stimulating expectations of easing, followed by a rebound.

Be cautious: Why is there pressure on the US stock market in the third quarter? Losing liquidity is the "catalyst"!

This will be Nio's third Nio Power Day event, and details about the 150-kWh semi-solid battery pack could be one of the main topics. The post Nio to hold Nio Power Day 2023 on Jul 20 appeared first on CnEVPost. For more articles, please visit CnEVPost.

Nio to hold Nio Power Day 2023 on Jul 20

Wall Street analysts are currently tending to raise earnings expectations for companies in the S&P 500 index.

Analyst: Profit engine is just starting to accelerate! Is the "good times" coming for US stocks?

dada.ai released the ranking of Chinese game developers and app overseas revenue for June 2023 on July 17th.

June China's game developers' overseas revenue ranking is out! TENCENT ranks second on the list.

国家统计局新闻发言人、国民经济综合统计司司长付凌晖在国新办发布会上表示，未来房地产投资还会处于一个低位运行，但是随着房地产市场调整逐步到位，房地产的投资也会逐步回到合理的水平。

国家统计局：未来房地产投资还会处于一个低位运行

Now what's more important for Hong Kong stocks is not the decline in US inflation, but the marginal changes in domestic policies! The crucial moment is approaching, pay attention to the Central Political Bureau meeting around the end of July! Investors can still engage in short-term trading and focus on sectors that are more sensitive to consumption and growth!

CICC: Hong Kong stocks can now be relatively more positive!

"The 'Jijin Yi' platform made significant progress last month, with the software development work on the platform largely completed and over 20 key system functions ready for deployment."

The Hong Kong Monetary Authority (HKMA): "Easy MPF" platform software development is roughly completed and will be fully operational around 2025.

速览！上半年国民经济运行数据公布 | 7 月 17 日上午，国家统计局发布上半年国民经济运行数据：-上半年 GDP 同比增长 5.5%；

中国上半年国民经济运行数据速览

【】《科创板日报》17 日讯，供应链人士透露，苹果 iPhone 15 系列新机发布进入倒计时阶段，相关模型机原本应在 8 月才会提供给周边制造商，目前已提前在近期放出，并要求供应链提前备货。(台湾经济日报)

消息称苹果 iPhone15 相关模型机供应链被要求提前备货

中国 6 月社会消费品零售总额同比 3.1%，前值 12.7%。

中国二季度 GDP 环比 0.8%，前值 2.2%。

中国二季度 GDP 同比 6.3%，前值 4.5%。

Liang Zhenhui believes that the long-term prospects of electric vehicle stocks are positive, and the anticipation of favorable policies continues to exist.

Standard Chartered's Leung Chun Fai: Hong Kong stocks have room to catch up and are expected to challenge the 20,000-point mark in the short term.

Global hedge funds are increasingly unwinding their bets on a decline in US-listed stocks.

Morgan Stanley, Goldman Sachs: US stocks surge, "forcing out" short sellers, hedge funds are unwinding their bearish positions.

新加坡股市 14 日报：扬子江船业遭大规模抛售，成交量狂飙

HSBC Global Research stated that TENCENT will announce its second-quarter performance on August 17th this year, and the bank's profit forecast remains largely unchanged. Taking into account the new equity costs and the reduction in the number of shares due to more buybacks, the bank has lowered the target price of TENCENT from 440 yuan to 425 yuan, while maintaining a "buy" rating.

HSBC Research lowers Tencent's target price to 425 yuan, maintains a "buy" rating.

据香港天文台最新消息，受台风 “泰利” 影响，八号烈风或暴风信号至少维持至 16 时。 根据港交所在恶劣天气下的相关安排，港交所今日全日将停止交易。

港交所全日停市

香港交易所取消早市交易，因 8 号风球仍高挂。

BUZZ-Week Ahead-China stimulus in focus as Fed goes silent

Tianfeng Securities believes that the possibility of a recent reserve requirement ratio (RRR) cut and interest rate cut is unlikely. The earliest RRR cut may occur in September or October, while the interest rate cut window may be in the fourth quarter. Shenwan Hongyuan indicates that a reduction in the interest rates of existing home loans and deposit rates is expected, with a possible 25 basis point (BP) RRR cut in July or August. Huachuang also states that the probability of an RRR cut has increased since the beginning of the month.

Weekend, discussions on "reserve requirement ratio cut and interest rate cut" in the mainland flooded the screen.

香港天文台预计八号风球至少维持至下午 4 时。

钛媒体 App 7 月 17 日消息，据悉，TikTok 推出了一个衍生的新 APP，名为 TikTok Lite，类似于国内抖音的极速版。据官方介绍，TikTok Lite 旨在为用户提供最佳的视频观看体验。根据体验，TikTok Lite 和 TikTok 在观看体验上没有太大区别，但在部分服务上，做到了精简优化，比如在 TikTok Lite 没有电子商务，用户可以有着最纯粹观看体验。