The Philadelphia Semiconductor Index rose by approximately 65% for the whole year, marking the largest annual increase since 2009. Although the index closed lower on Friday, it still remains at a level close to its historical high. Wolfspeed was the only component stock among the 30 stocks in the index that experienced a decline.

US chip stocks achieve best annual performance since 2009, led by NVIDIA and AMD

JD.com sounds the battle horn.

The top ten bullish stocks in A-shares continue to perform well, with gains exceeding 310%. Kaihua Materials takes the lead with a 573% increase. The industries and themes of the top stocks are relatively diversified, with listings in the areas of Northbound Trading, AI Computing Power, Optical Communication, and Mergers and Acquisitions.

China's Asset Inventory in 2023: The CSI 50 Shines Alone, Hong Kong Stocks New Oriental and Ideal Lead the Blue Chips

极氪 CEO 安聪慧发布了新能源轿车极氪 007，宣称要颠覆特斯拉的纯电轿车赛道。该车在测试中击败特斯拉等竞品，并以低于 Model3 的价格上市。极氪 007 配备了高压快充、续航 870 公里的电池以及智能化技术。安聪慧表示，极氪 007 不仅是为了抢夺 Model3 的市场份额，更是要掀翻特斯拉，成为纯电轿车王。极氪此举被视为突围的举措，希望从细分市场转型。

车圈又出了一位狂人

In 2023, artificial intelligence (AI) stocks have become one of the hottest investment themes on Wall Street. Despite the impact of high interest rates on investor enthusiasm, overall, AI stocks have significantly outperformed the market this year. The outstanding performance of individual stocks such as NVIDIA and Meta Platforms has driven the overall rise of OpenAI concept stocks by over 72%. In comparison, the S&P 500 index has risen 25% year-to-date, the Nasdaq index has risen over 44%, and the Dow Jones index has risen nearly 14%. The continued strong demand for AI chips has driven NVIDIA's performance growth. Although investor enthusiasm for AI stocks has cooled in the second half of the year, AI stocks have still achieved strong gains this year. OpenAI concept stocks have outperformed the three major US indices in every quarter, with particularly impressive performance in the first half of the year.

Year-end review of US AI stocks: "Shovel Seller" NVIDIA emerges as the biggest winner, US stocks still need to pay attention to AI trends next year

康乐卫士计划南下二次上市，拟赴港交所上市。康乐卫士成为全市场首家明确 “港 + 北” 两地的公司。乐普生物也在筹划新三板挂牌，且不排除北交所上市的可能性。市场关注 “北 + 港” 第一股归属问题。康乐卫士虽未实现商业化产品，但其 HPV 疫苗研发进展领先。万泰生物或将成为首家申报九价 HPV 疫苗上市的国内企业。沃森生物、瑞科生物和神州细胞的九价 HPV 疫苗以及默沙东的九价 HPV 疫苗也在进展中。北交所与港交所签订合作谅解备忘录，支持双方市场已上市公司在对方市场申请上市。

康乐卫士欲抢 “北 + 港” 第一股？国产 HPV 疫苗火热激战

内资持续加仓港股医药公司，成为避风港。2023 年，内资在港股医药公司的持股占比平均提升了 4.48 个百分点，平均持仓约 15.5%。股价跌幅较深、质地好的优质公司受到内资青睐。近期 A 股低迷，估值历史低位的港股医药公司成为内资新的投资选择。内资持续注入是信号，预计港股医药公司将逐渐走出价值洼地。

大跌两年之后，港股医药公司成为内资避风港

据京东黑板报，12 月 29 日，北京市高级人民法院对京东诉浙江天猫网络有限公司、浙江天猫技术有限公司、阿里巴巴集团控股有限公司 “二选一” 案做出一审判决，认定其滥用市场支配地位实施 “二选一” 的垄断行为成立，对京东造成严重损害，并判决向京东赔偿 10 亿元。

京东发布关于京东诉阿里巴巴 “二选一” 案一审胜诉的声明

2023 年最后一个交易日，恒指连续四年下跌已成现实，预计 2024 年初恒指或有一段向上的升浪，但失落周期仍将持续。对于炒港股，如果能跟随节奏，利用期权部署多空仓，比美股更容易操作。而美股方面，预计将在 1 月初涨到尽头而回跌一段。

理解市场 | 港股会有 “年初效应” 吗？

ZX INC's stock price has risen by over 4%, reaching a new high since its listing at the end of September, with a cumulative increase of 233%. ZX INC's main business focuses on China's marketing and operation of online games. The mobile game market is expected to have a compound annual growth rate of 4.8% in 2022. The value output of the gaming industry relies on the supply of new content, and currently, the supply recovery is strong. The gaming industry is entering a new development cycle. The fundamentals of the gaming industry are solid, with A-share and Hong Kong-listed gaming companies valued at 17x/13x and 16x/11x, respectively.

Hong Kong Stock Market News | ZX INC rises over 4% to reach a new high since the end of September, with a cumulative increase of 233%. Institutions believe that the gaming industry is entering a new phase of development cycle.

SHANGHAI, Dec 29 (Reuters) - Zeekr, owned by China’s Geely, has signed an agreement with a Singaporean company to distribute right-hand drive Zeekr 009 MPVs and Zeekr X urban SUVs to customers in the island nation, a Zeekr spokesperson for the automaker said on Friday.The automaker plans to begin delivering the cars in the second half of 2024, the spokesperson said.Zeekr has previously announced plans to sell cars in Europe, the Middle East and some Asian markets.

China's Zeekr to begin selling EVs in Singapore in second half of 2024

Japan's Nikkei share average is set to post its biggest yearly gain in a decade. Despite trading lower on the final trading day of 2023, the index reached a 33-year high in November. The strong performance can be attributed to the yen's weakness against the dollar and Warren Buffett's Berkshire Hathaway increasing its stakes in local firms. The broader Topix index also saw gains, supported by Toyota Motor and Sony Group.

Japan's Nikkei set to post biggest yearly gain in decade

中国国家新闻出版署发布了《网络游戏管理办法》，并征求社会公众的意见。中国音像与数字出版协会游戏出版工作委员会组织会员单位对该办法进行研读，并提出修改意见和建议。意见将于 2024 年 1 月 8 日前通过电子邮件方式反馈给中国音数协游戏工委。

中国音数协游戏工委就《网络游戏管理办法》征求意见

八大券商预计，港股明年有望开启贯穿全年的修复行情！中信证券建议投资者关注高股息策略和行业景气度转好的消费电子和汽车产业链。中金公司认为财政政策对港股至关重要，稳定现金流板块、高端科技升级板块和中端优势行业出海板块是关注的核心主线。

理解市场 | 港股 2024 年能否迎来转机？这些板块值得重点关注！

萨尔瓦多总统的比特币投资浮亏约 8%。现货比特币 ETF 获批或将带来超 700 亿美元资本流入。GBTC 转换为比特币现货 ETF 后，摩根大通预计将流出 27 亿美元资金。超过 1 年未活跃的比特币流通供应量比例达 70.35%，创历史新高。灰度 GBTC 负溢价率进一步收窄至 9.78%。Coinbase 的储备增加约 1.2 万枚 BTC，Binance 的储备减少 5000BTC。新加坡将于 2024 年起禁止保证金杠杆交易。韩国将于 2024 年邀请 10 万公民测试 CBDC。美 CFTC 拟继续追查违规加密交易所，接触美国客户是特权而非权力。SBF 与洪都拉斯前总统被关押在一起，向警卫提供加密投资建议。

每日数字货币动态汇总

港股汽车股多数上涨，小鹏汽车涨超 4%，蔚来汽车涨超 2%，华晨中国、吉利汽车、理想汽车涨超 1%。

Asset management company Richard Bernstein Advisors' Chief Investment Officer, Richard Bernstein, believes that small and mid-cap US stocks may present investment opportunities in the next 10 years, no longer limited to the current market hot sectors. He believes that, similar to the past, changes in market leadership will bring buying opportunities, and overlooked and unpopular sectors are expected to generate high returns. He points out that the current focus on "glamorous" stocks is not rational, and besides that, there are rare investment opportunities in almost anything. Unlike previous market rebounds, he believes that this time the market will be boosted by broader economic resilience and corporate profitability. This information is related to investment research.

A Huge Opportunity Overlooked by the Market? Experts: Small and mid-cap US stocks are experiencing a "once-in-a-lifetime" market trend

Gold has been extremely popular this year, with both Costco Wholesale and Walmart starting to sell gold online. Against the backdrop of high inflation, gold has become the new favorite of American consumers. Costco Wholesale sold over $100 million worth of gold in the first quarter, and Walmart has also started selling gold and silver. The actions of these retail giants have sparked a gold rush, and the price of gold continues to rise. Spot gold has risen 14% since early October, reaching a new record of $2,088 per ounce this week.

How hot is gold this year? Costco Wholesale and Walmart are both starting to sell gold bars!

恒指开盘涨 0.13%，报 17066.52 点，恒生科技指数涨 0.38%。哔哩哔哩、蔚来、小鹏汽车、百度、美团涨超 2%。

The stock price of Affirm, a US financial technology company, has skyrocketed by 430% in 2023, outperforming all US tech companies with a market value of over $5 billion. This is mainly due to the signal from the Federal Reserve to shift towards interest rate cuts, as well as an increasing number of retailers joining Affirm's "buy now, pay later" model. Affirm's competitors include companies such as Klarna, Block's Afterpay, and Zip. Consumers who choose BNPL (Buy Now Pay Later) services typically divide their purchases into four or more installments. Affirm was founded by Max Levchin, co-founder of PayPal, in 2012.

On fire! The American version of "ANT GROUP", Affirm, saw its stock price increase fivefold this year, outperforming all its peers!

商务部表示将鼓励汽车更新消费和稳住新车消费，通过多种促消费措施推动汽车消费链条发展。同时，还将推动新能源汽车下乡、完善二手车信息查询平台、促进汽车后市场发展等，推动汽车由交通工具向消费文化转变。此外，商务部还将扩大家居消费和促进家电消费。

商务部：将鼓励汽车更新消费 着力稳住新车消费

商务部市场运行和消费促进司司长徐兴锋在接受采访时表示，要大力发展数字消费，加强部门协作，支持直播电商、即时零售等新业态新模式健康发展，推动传统商业数字化改造，加快生活服务数字化赋能，结合节庆开展网络主题促销，打造数实融合消费新场景，激发数字消费活力。扩大绿色消费，促进健康消费，推动国货 “潮品” 消费。

商务部：要大力发展数字消费 支持直播电商等新业态新模式健康发展

SPDR S&P 500 edged up slightly, continuing to approach historical highs. The Nasdaq halted its four-day rally; the energy sector fell over 1%, with Tesla dropping over 3%, dragging down the overall market. Chinese concept stocks outperformed the market for the second time this week, rising over 2%. After announcing a buyback plan, DouYu surged over 20%, Bilibili rose over 6%, XPeng rose over 4%, and NIO-SW and Li Auto rose over 3%. The 7-year US Treasury bond auction was weak, causing bond yields to rise, while the 2-year yield moved away from a seven-month low. The US dollar index hit a five-month intraday low for consecutive days before rebounding. The Bank of Japan's governor took a hawkish stance, causing the yen to rise over 1% to a five-month high. Offshore renminbi rose to near a two-week high of 7.10 during intraday trading. Crude oil fell for the second consecutive day to a two-week low, with US oil dropping over 3%. Gold turned lower during intraday trading, while gold futures halted their four-day rally, falling from historical highs.

The Dow hits another all-time high, the Nasdaq turns down, Chinese concept stocks rise, offshore RMB rises more than 500 points intraday, and crude oil rebounds from the Red Sea crisis.

印度声称币安等一些海外加密货币交易所在印度非法经营，并采取行动屏蔽它们的网站。金融情报部门向包括币安、Kraken、KuCoin 和火币在内的几个平台发出了所谓的合规通知。根据该机构周四晚间发布的声明，FIU 还要求信息部屏蔽这九家实体的网址。

印度加大打击力度 将屏蔽一些加密货币交易所的网站

2023 年特斯拉股价上涨，2024 年比亚迪有望成为更好的电动汽车股。比亚迪是一家可靠的电动汽车制造商，销量超过特斯拉。虽然比亚迪盈利也增长，但股价未能上涨，市场对电动汽车的担忧压倒了公司基本面。比亚迪的策略是生产更便宜的汽车，并专注于中国市场。截至 11 月，比亚迪在中国电动汽车市场份额超过特斯拉两倍以上。

2023 属于特斯拉，2024 年属于比亚迪？

据悉，阿里云正在裁减为政企客户定制行业解决方案的项目制业务，并在 IoT 业务线砍掉硬件集成业务并缩减相关人员。混合云事业部部分团队裁员比例达到 30%。IoT 硬件集成业务裁员比例超 50%，该部门剩下的人员将被打散并至其他业务。同时，阿里云正扩大公共云事业部和 AI 部门的招聘。阿里云招聘官网目前在招岗位约 500 个，人数超 1500 人。

阿里云再调整：削减定制项目和硬件集成业务

SINOHOPE TECH has announced its annual performance for the year ending September 30, 2023. The operating income from continuing operations decreased by 68.7%, gross profit decreased by 90.6%, and the company's attributable loss to owners expanded by 43.92%. The loss is mainly due to increased expenditure on developing new businesses, the inability to withdraw assets from the cryptocurrency exchange FTX, and one-time expenses caused by human resources restructuring and cost management plans.

SINOHOPE TECH announces annual performance with a net loss of approximately HKD 2.87 per share, a YoY increase of 43.92%.

No chance of buying a Xiaomi car for 200,000 RMB?

Goldman Sachs believes that the Federal Reserve will cut interest rates at least four times by 2024. It is expected that the Federal Reserve will start considering adjusting the pace of balance sheet reduction in the third quarter of 2024 and stop reducing the balance sheet in the first quarter of 2025. By the fourth quarter of 2024, the core PCE will decrease from 3.2% to 2.2%.

Goldman Sachs' Ten Questions for the US Economy in 2024: How will the economic growth be? How many times will the Federal Reserve cut interest rates? Has inflation really cooled down?

ARK 投资首席执行官凯茜·伍德：我们对比特币的乐观程度与以往一样高。比特币 ETF 获批之前存在 “不确定时刻”。

A well-known fund manager, Cathie Wood, has made significant adjustments to the Bitcoin-related assets held by one of her ETFs. She sold the Grayscale Bitcoin Trust and purchased the ProShares Bitcoin Strategy ETF. Wood had praised the Grayscale Bitcoin Trust as her top choice just last month. In addition, the ARK ETF also bought the ARK 21Shares Active Bitcoin Futures Strategy ETF and sold shares of the cryptocurrency exchange Coinbase. The ARK Next Generation Internet ETF has risen by 103% year-to-date.

Last month, "Wood Sister" cleared out the Grayscale Bitcoin Trust that was once touted as the top choice.

爱尔康集采降价将对国内人工晶体市场带来巨大影响，可能引发大洗牌。爱尔康以低 40% 的价格与竞争对手蔡司相比，三焦点人工晶体的价格降至 8996 元。双焦点人工晶体报价也是最低的。这一举动可能使爱尔康成为国内高端人工晶体市场的主导者，对蔡司和强生等竞争对手构成挑战。这也让人们猜测，爱尔康是市场变局下的出奇制胜还是提前抢占市场。

爱尔康集采杀价震惊业内，高端人工晶体从 2.3 万降至 9000 元后与海外平价

3 倍做多富时中国 ETF 盘前涨近 7%；2 倍做多沪深中国互联网股票盘前涨超 5%。

3 倍做多富时中国 ETF 盘前涨近 7%

Compared to Hesai's focus, RoboSense tends to be more diversified.

The second LiDAR manufacturer goes public, ROBOSENSE refuses to replicate Hesai | Insight Research

财政部部长蓝佛安在报告中表示，明年将继续实施积极的财政政策，适度加力、提质增效，保持适当支出强度。财政部门将加强政策支持和资金保障，推动经济实现质的有效提升和量的合理增长。目标是为中国式现代化全面推进强国建设、民族复兴伟业作出更大贡献。

财政部部长蓝佛安：明年积极的财政政策将适度加力、提质增效，保持适当支出强度

在 12 月 28 日小米汽车技术发布会上，，小米集团创始人雷军表示，很多人希望小米 SU7 价格在 9.9 万元、14.9 万元，但 SU7 的电池配置、汽车性能来说，这都是不可能的。

雷军：SU7 售价 9 万 9、14 万 9，这是不可能的

台积电预计在 2030 年左右构建包含 1 万亿晶体管的芯片封装路线。这不仅需要倚仗先进封装，还将依赖新的沟道材料、EUV 等多种技术。台积电还致力于开发在单片硅上包含 2000 亿个晶体管的芯片，并计划在 2030 年完成 2 纳米级和 1.4 纳米级制造工艺。此外，台积电预计封装技术将取得进步，能够在 2030 年左右构建封装超过一万亿个晶体管的大规模多 Chiplet 解决方案。这是芯片设计范式转变的无奈选择。

台积电，万亿晶体管

奥园房企申请美国破产保护，以获得对境外重组协议的认可，防范诉讼风险。境外债重组方案获得债权人支持，并通过了重组聆讯，将在 2024 年 1 月 8 日推进。郭梓文主席出让股票，作为增信措施。奥园计划发行新融资工具置换约 61 亿美元境外债务。

郭氏兄弟可以喘一口气了

The ingenuity and value of the "Magic Door".

Track Hyper | Honor Magic OS: Driving Technological Transformation in the Industry

Looking ahead to 2024, Bank of America believes that the market still faces nine major downside risks, including the resurgence of inflation, overly optimistic expectations for the economy, the lagging impact of high interest rates, a wave of junk bond maturities, a US economic recession, the bursting of the technology stock bubble, geopolitical crises, sovereign debt risks, and zero-day option expiration.

Bank of America: The Nine "Black Swans" of 2024

Micron Tech's stock performance has been significantly better than the S&P 500 index, rising nearly 77% in the past year. The company's management has demonstrated progress in increasing production and acknowledges past overspending issues. Micron Tech is still in the early stages of the artificial intelligence hype cycle and hopes to gain market share in the HBM memory market. However, the rise of Samsung Electronics may have an impact on the industry landscape. Supply chain insiders suggest that Samsung Electronics may encounter difficulties with advanced packaging in HBM, while Micron Tech's partnership with TSMC may give it an early advantage. Analysts predict that Samsung Electronics will surpass SK Hynix in the second half of 2024. Therefore, competition in the HBM market is expected to intensify.

Afraid to get on board? Micron Tech's upward trend may have another round

Morgan Stanley's senior portfolio manager, Andrew Slimmon, believes that as investor sentiment reverses and strategies shift, the US stock market is expected to continue its upward breakthrough. The stock market rally is expanding, with the S&P 500 index approaching historical highs. Investor optimism has reached its highest level in two and a half years, while pessimism stands at 20.9%. Wall Street analysts are also optimistic about the stock market and the economy, predicting the arrival of another "roaring twenties". However, Morgan Stanley strategists have warned that despite the consensus shifting towards a soft landing, the US economy may still unexpectedly fall into recession in 2024.

Morgan Stanley: Investor sentiment has reversed, and US stocks are expected to continue to break through.

小米集团港股转跌，此前一度涨超 2%。

On December 28th, the Hang Seng Index Company blog stated that due to the inflow of funds in November and the expected positive impact of the Federal Reserve's interest rate decision in mid-December, the total assets under management (AUM) of exchange-traded products (ETPs) tracking the Hang Seng TECH Index increased by 18.7% MoM, reaching a new high of USD 15.8 billion. The Hang Seng Index Company mentioned that the market expects a possible interest rate cut in the United States next year, resulting in a flow of funds into the assets under management of the Hang Seng TECH Index. In theory, during a period of deceleration or policy shift in the US interest rate hike, the technology sector in the stock asset category may experience a larger rebound, as the stocks in this sector are mainly growth stocks and are more sensitive to interest rates under unchanged conditions. Therefore, risk-seeking investors may take the lead in making investment allocations ahead of the Federal Reserve's interest rate decision.

Hang Seng Index Company: The scale of tracking the Hang Seng Technology Index ETP reached a new high of USD 15.8 billion at the end of November.

小米集团港股涨幅收窄至 0.5%，此前一度涨超 2%。

比特币回落至 43000 美元/枚下方，日内跌 0.88%。

港股若能喺今明兩日扭轉過去四個月跌勢，重返萬七大關，2024 年開局好大機會可以展開一個較為似樣啲嘅反彈，不過暫時 50 日線及 100 日線阻力仍大，過去多個月都係反彈至呢啲水平回頭，除非有更多利好政策及有新資金流入，否則反彈至 100 日線，未能進一步向上突破 18000 水平，港股仍難走出上落市偏弱格局。

港股結算重上萬七關 一月開局可再彈

英伟达股价年内飙升超过 200%，但它还远不是最牛美股！截至 12 月 26 日市值 10 亿美元以上的公司中，涨幅冠军是一家生物技术公司—— Soleno Therapeutics。

美股今年表现最好的股票上涨了 1900%！

The Supreme People's Procuratorate has issued the "Opinions on Fully Exerting the Function of Prosecution to Serve and Guarantee the High-Quality Development of the Financial Sector in Accordance with the Law". It emphasizes the need to strengthen the crackdown on financial crimes in high-risk areas, highlight the fight against various forms of illegal financial activities, and continue to increase efforts to prosecute money laundering and related crimes.