US Version of WeChat? Musk frequently stacks new features on X, aiming to create a "universal app".

X adds audio and video calling feature, bringing Musk closer to "American version of WeChat"

美国银行援引 EPFR 数据：截至周三的一周内，有 103 亿美元资金流入股市，65 亿美元流入现金，17 亿美元流入债券，3 亿美元流入黄金。

中国 “新势力” 新能源车车企–蔚来汽车、小鹏汽车和理想汽车周五公布月度交付数据，理想无悬念再度坐稳交付量头把交椅，同比激增 6.6 倍。蔚来以近两万台交付跟随其后惟环比下挫；小鹏汽车虽垫底但环比增长强劲。

中国理想汽车 8 月交付同比激增 6.6 倍领头 “蔚小理”，蔚来环比失速小鹏劲增

The Hong Kong Observatory has announced that the eye wall of the powerful typhoon Surra is currently located about 50 kilometers east of the Hong Kong Observatory and is gradually approaching the city. Strong winds are blowing across the city, with gales offshore and hurricane-force winds in some high areas. The strong winds and heavy rain associated with Surra are affecting Hong Kong.

The Observatory will issue the No. 9 Gale or Storm Signal at 6:20 PM.

市场消息：香港天文台将发布第二高级别台风信号，为三年来首次。

蔚来汽车 8 月交付数量环比下降 5.5%。

From Salesforce to Shopify, the growth of software giants comes from "price increases". Which comes first, AI increment or customer churn?

Morgan Stanley raises Pinduoduo's target price by 28.5% to $126! Despite the intensifying market competition, Pinduoduo's encouraging profit growth in its domestic business sector; while its international business division, Temu, seeks to leverage its advantages as a new growth engine in the process of global business expansion.

Analysis Report | Pinduoduo's target price significantly raised! Alibaba still has 60% upside potential?

理想汽车 2023 年 8 月交付 34,914 辆，三款车型交付均破万。

Actually, the new Model 3 did not increase in price across the board! In conjunction with the price reductions for the S and X series, Tesla's combination of price adjustments can be summarized as follows: improving the configurations of the affordable cars and making the high-performance cars more affordable.

Why is Tesla lowering prices while raising prices at the same time?

Alibaba's net profit in the first half of the year reached nearly 55 billion yuan, and due to the low base caused by a loss in the first quarter of last year, its profit increased by an astonishing 2733.38% YoY! Following closely in terms of profitability is Tencent, with a net profit of 52 billion yuan in the first half of the year; Pinduoduo ranks third.

Internet Giants in the First Half of the Year: Alibaba and Tencent Make the Most Profit, Pinduoduo Leads in Revenue Growth

CITIC Securities believes that in the medium and short term, generative AI will contribute to the explosive growth of short-term performance in the English market. However, NVIDIA remains a typical cyclical stock, and it is necessary to closely observe its upward momentum in short-term performance and the inflection point of its performance cycle.

CITIC Securities: NVIDIA's "monopoly" will last at least until Q2 next year, with a 30x forward P/E ratio supporting the stock price.

蔚来宣布推出 9 月限时购车优惠政策，2023 年 9 月 1 日至 9 月 30 日期间支付定金购买蔚来新车的用户，提车后可获赠万元购车礼包，包括 30 张换电体验券、2000 元车商城抵用券、价值 4560 元的 NOP+1 年免费使用权和 10000 购车积分。置换优惠方面，9 月 1 日至 9 月 30 日期间支付定金购买蔚来新车，并通过蔚来 App-以旧换新置换非蔚来品牌旧车的用户：提车后可获赠 30000 积分。

蔚来推出 9 月限时购车优惠政策

Tesla Model 3, expected redesign, unexpected price increase

Tesla brings the new Model 3 to the market. Are domestic car companies ready?

20,000 to buy a Tesla, it fell through.

On September 1st, Beijing, Shanghai, Shenzhen, and other cities successively announced the minimum interest rates for personal housing loans in their respective regions.

Beijing, Shanghai, and Shenzhen have successively announced the lower limit of the first home loan interest rate.

Citi expects that Samsung will start supplying HBM3 to NVIDIA from the fourth quarter, and by 2024, Samsung may supply up to 30% of HBM3 chips to NVIDIA.

Q4 Starts Selling Shovels to NVIDIA? Samsung Soars Over 6%

据报道，三星与英伟达签署协议，供应 HBM3 存储芯片。

Guangfa Securities' Dai Kang team noticed that the recent real estate policies are the most stringent since the new policies on September 30, 2014. This will dispel market concerns about policy coordination. The significance of this new policy is significant, given the poor balance sheet repair of enterprises and residents in the post-epidemic period.

18000 points is the bottom of the Hong Kong stock market? How to understand the "risk on" that exceeds expectations?

NVIDIA, which has risen more than 230% this year, led the way with a 5% increase in August. Amazon and Google also saw increases of over 3% and 2% respectively. Meta experienced the largest decline of the month, falling more than 7%. Apple fell over 4% and Tesla dropped 3.5%. Will the downward trend continue in September?

US stocks were also miserable in August? Wrong! Nvidia, Amazon, and Google are still rising!

特斯拉在美国下架了 Model S 标准续航版和 Model X 标准续航版车型。

香港交易所取消今日全天的交易。

In the midst of market pessimism, the Hang Seng Index and Hang Seng Tech both fell more than 8% in August! NIO dropped nearly 30% in a month, while Tencent and Alibaba saw similar declines. The ones that fell less were...

A Visual Guide | How badly did Hong Kong tech stocks fall in August?

Eastern Selection operates on multiple platforms.

The Rebellion and Migration of Yu Minhong

特斯拉开始接受德国、法国和意大利 Model 3 焕新版的订单，交付计划定于 10 月至 11 月。

戴尔第二财季收入下降 13%，至 229 亿美元，高于市场预期的 208 亿美元；调整后每股净利润为 1.74 美元，高于市场预期的 1.14 美元。公司预计，截至 10 月份的第三财季营收约为 230 亿美元，高于市场预期的 217 亿美元。戴尔将全年营收指引上调至 895 亿美元至 915 亿美元，较上年同期下降约 12%，但高于市场预期的 869 亿美元，和 15% 的降幅。

PC 市场复苏有望？戴尔第二财季业绩、下季度指引大超预期，盘后一度大涨超 10%

离岸人民币兑美元涨幅扩大，收复 7.25 关口，现报 7.2482 元，日内涨约 270 点。

因八号台风信号仍在生效，港交所取消上午时段交易。

China's strong market growth has driven Lululemon's performance to rise against the trend, with second-quarter revenue and net profit both increasing by 18% year-on-year.

China's sales surge by 60%! "Middle-class Harvester" Lululemon reports strong growth in the second quarter.

UBS set a new record for quarterly profits among European and American banks in the second quarter; UBS's market value has risen to second place in Europe, surpassing the American giant Citibank.

God's Acquisition! Six months later, UBS finally reveals to the world: "How profitable is the acquisition of Credit Suisse"

特斯拉中国官网显示，Model 3 焕新版正式上市，这是 Model 3 车型 6 年来的首次更新，后轮驱动 Model 3 焕新版价格 259900 起。

特斯拉发布新款 Model 3，起售价接近 26 万人民币

Hong Kong stocks delayed opening today. In August, U.S. stock indices collectively fell, with the S&P posting its largest monthly decline in six months and the Nasdaq experiencing its largest monthly decline this year. Pinduoduo has risen for seven consecutive days. "X" will add voice and video calling features. Prior to the release of the new Model 3, inventory of North American Model 3 vehicles has been reduced again. Dell's performance exceeded expectations, with a 10% increase after hours. Broadcom's performance exceeded expectations, but its fourth-quarter guidance was disappointing.

Breakfast | S&P records largest monthly decline in six months, Tesla may release new Model 3 today

Broadcom announced its financial results for the third quarter of fiscal year 2023, ending on July 30th.

AI frenzy fails to reverse the decline in technology spending! Broadcom's Q3 performance exceeds expectations, but Q4 guidance is disappointing.

This year, Arm Holdings Ltd., one of the most anticipated companies to go public, is preparing to set the price range for its initial public offering (IPO) before the start of the investor roadshow next week.

Arm's listing plan has surfaced, and the roadshow for its IPO is expected to begin after the Labor Day holiday in the United States. The pricing of the IPO may be announced on September 13th.

In July, Intel reported a surprise return to earnings in the second quarter, with the median revenue guidance for the third quarter higher than analysts expected. Intel CEO said on Thursday, the current performance has been above the midpoint of the three quarter guidance.

Optimistic about the recovery of the PC market, Intel's CEO expects Q3 to exceed expectations, causing the stock price to briefly surge by 3%.

港交所：由于天文台现已发出八号台风信号，股市和衍生品市场推迟开市。

当地时间周四，埃隆·马斯克在社交媒体平台 X 表示，X 将允许用户能够在该平台上进行语音和视频通话，且无需手机号码。马斯克周四在 X 上发帖称，X 的用户将不需要手机号码，就能在 IOS 设备、安卓设备以及电脑上使用语音和视频通话功能。不过，马斯克并未透露这些功能将何时向用户开放。

马斯克：X 将推出语音和视频通话功能

Karniol-Tambour said that looking back, if we want the Federal Reserve to cut interest rates quickly, we would find that the economy needs to collapse rapidly. However, this is far from our current situation. The bond market expects many interest rate cuts next year, but this is likely to be difficult to achieve.

Bridgewater Co-CIO: The Fed Needs More Time Than Market Expects to Cut Interest Rates

Thanks to the "accounting thickening" brought by the acquisition of Credit Suisse, UBS's net profit in the second quarter reached $28.88 billion, setting a record for the same period in the European and American banking industry. Boosted by the "historic" earnings report, UBS's European stocks surged more than 7%, reaching the highest level in fifteen years since the 2008 financial crisis. UBS's flagship business, global wealth management, continues to attract substantial funds, improving net asset outflows for Credit Suisse and receiving praise from Wall Street.

Credit Suisse's First Earnings Report After Finalizing the Acquisition: Net Profit in the Second Quarter Reaches the Highest in Banking History | Earnings Report Insights

For options traders, the right strategy would be to prepare in advance before the release of earnings reports, by holding volatility beforehand (if only bullish, hold call options). When the earnings report is about to be released, sell for profit.

Reviewing the market situation of NVIDIA's earnings report, how to make the right options trading?

Analysts say, "It seems that all small-cap companies in the United States are becoming desperate. Ultimately, this pain could trigger an economic recession, and even large companies may start to waver."

The Risks of the US Stock Market: Tech Giants "Feasting," Small Caps "Falling"

Under the policy of the minimum interest rate for commercial individual housing loans for the first home, the policy of the minimum interest rate for commercial individual housing loans for the second home is adjusted to not be lower than the corresponding period loan market quoted interest rate plus 20 basis points.

Two Departments: Adjusting and Optimizing Housing Credit Policies

From September 25, 2023, borrowers of existing first-home commercial personal housing loans can apply to the lending financial institution to replace the existing first-home commercial personal housing loans with new loans provided by the financial institution.

Two departments: Lowering the interest rate on existing first-home mortgages.

One is the minimum down payment ratio policy for commercial personal housing loans nationwide. The second is to adjust the lower limit of the interest rate policy for the second home to not be lower than the corresponding period loan market quoted interest rate (LPR) plus 20 basis points. The lower limit of the interest rate policy for the first home is still not lower than the corresponding period LPR minus 20 basis points.

Two departments: Gradually reducing the interest rates of existing housing loans in an orderly manner.

中国人民银行、国家金融监督管理总局下发《关于降低存量首套住房贷款利率有关事项的通知》，近期各方政策措施的出台，将有力地支持房地产市场健康有序发展。降低存量房贷利率可节约居民利息负担。存量首套住房商业性个人住房贷款利率调整后，几千万户、上亿居民的财务负担会有明显下降，平均降幅大约为 0.8 个百分点。以 100 万元、25 年期、原利率 5.1% 的存量房贷为例，假设房贷利率降至 4.3%，可节约借款人利息支出每年超 5000 元，可以不用再节衣缩食提前还贷，显著增加消费能力。

存量首套房贷利率调整后 几千万户、上亿居民的财务负担会有明显下降

金十数据 8 月 31 日讯，中国人民银行、国家金融监督管理总局：此次差别化住房信贷政策调整优化的重点，一是统一全国商业性个人住房贷款最低首付款比例政策下限。不再区分实施 “限购” 城市和不实施 “限购” 城市，首套住房和二套住房商业性个人住房贷款最低首付款比例政策下限统一为不低于 20% 和 30%。二是将二套住房利率政策下限调整为不低于相应期限贷款市场报价利率（LPR）加 20 个基点。首套住房利率政策下限仍为不低于相应期限 LPR 减 20 个基点。各地可按照因城施策原则，根据当地房地产市场形势和调控需要，自主确定辖区内首套和二套住房最低首付款比例和利率下限。

两部门：各地可按照因城施策原则，自主确定辖区内首套和二套住房最低首付款比例和利率下限

中国人民银行、国家金融监督管理总局：存量首套住房商业性个人住房贷款，是指 2023 年 8 月 31 日前金融机构已发放的和已签订合同但未发放的首套住房商业性个人住房贷款，或借款人实际住房情况符合所在城市首套住房标准的其他存量住房商业性个人住房贷款。

央行：自 2023 年 9 月 25 日起，存量首套住房商业性个人住房贷款的借款人可向承贷金融机构提出申请，由该金融机构新发放贷款置换存量首套住房商业性个人住房贷款。新发放贷款的利率水平由金融机构与借款人自主协商确定，但在贷款市场报价利率（LPR）上的加点幅度，不得低于原贷款发放时所在城市首套住房商业性个人住房贷款利率政策下限。

中国人民银行、国家金融监督管理总局：首套住房商业性个人住房贷款利率政策下限按现行规定执行，二套住房商业性个人住房贷款利率政策下限调整为不低于相应期限贷款市场报价利率加 20 个基点。

对于贷款购买商品住房的居民家庭，首套住房商业性个人住房贷款最低首付款比例统一为不低于 20%，二套住房商业性个人住房贷款最低首付款比例统一为不低于 30%。