英国央行行长贝利：加密货币在任何意义上都不是货币。

Before officially taking office as the new president, the newly appointed president will act as the interim president.

ICBC's top leadership changes, President Liao Lin will take over as Chairman

通用汽车财报显示，旗下自动驾驶公司 Cruise 在 2023 年烧掉了 19 亿美元的现金，导致通用削减其预算至 10 亿美元。Cruise 的税前亏损高达 27 亿美元，且未计入第四季度裁员产生的 5 亿美元重组成本。此前通用 CEO 预测 Cruise 到 2030 年每年可产生 500 亿美元收入，但目前盈利时间点遥不可及。通用将重新审视这个业务，今年将减少对 Cruise 的投资至 10 亿美元。通用财报显示其净收入达 1718 亿美元，利润为 101 亿美元。

一年烧掉 136 亿！通用无人车还是败给了技术

抖音和快手的年货节销售表现强劲，抖音商城日均 GMV 同比增长 98%，快手商城订单量增长 98%。辛选年货节带货总 GMV 超过 66 亿元，同比增长 66.74%。年货节的 “含金量” 不断上升，平台间竞争激烈。年货购物涵盖多个品类，但食品、生鲜、酒水等仍然热销。年货节是重要的电商促销活动。抖音和快手在同一时间段竞争，两家平台的数据增长亮点几乎同步。

抖音快手 “双增” 98%、辛选带货超 66 亿 直播电商年货节 “车轮战” 谁赢了？

Pro UltrPro Shrt S&Pro 500 is expected to rise by 15% this year, reaching 5500 points by the end of the year.

The most accurate forecaster of the US stock market for 23 years continues to be bullish: The target price of 5200 is too low for SPDR S&P 500!

Azure's revenue is expected to maintain steady growth, as Microsoft has taken up the banner of monetizing AI.

AI falling short of expectations? Analysts say Microsoft must see "significant growth in the future" as it dares to expand capital expenditure.

The three giants will announce their earnings reports after the US stock market today, ranking eighth, ninth, and thirteenth in terms of popularity.

Hot discussion on WSB | Amazon, Apple, Meta Platforms, the three giants' earnings are coming soon

Li Auto's January performance report is out: YoY doubled for Li Auto, XPENG-W grew by 58%, and NIO-SW delivered over 10,000 vehicles. Chinese concept stocks and technology stocks rose together, with Bilibili and NetEase up over 2%, Alibaba and Pinduoduo up over 1%; Tesla, NVIDIA, AMD, and Amazon all rose over 1%.

Pre-market trading in US stocks: Tesla and Li Auto lead the gains! Focus on post-market earnings reports from Meta Platforms, Apple, and Amazon.

Apple will announce its first-quarter earnings on February 2nd, with expected revenue of $117.95 billion and earnings per share of $2.11. Apple's stock performance has been mediocre over the past six months and faces challenges. However, analysts are optimistic about Apple's growth prospects, including the launch of new products and the development of artificial intelligence. In the previous quarter, Apple's revenue and profits exceeded market expectations, but sales continued to decline. The services sector achieved record-breaking revenue, and Apple's sales reached an all-time high. Wearable devices saw a decline. Apple is set to become the global smartphone sales champion in 2023.

Earnings Report Preview | Will Apple's Q1 performance bring new surprises after a series of setbacks?

Goldman Sachs believes that Microsoft's artificial intelligence services can provide strong growth, and expects that the server infrastructure will eventually translate into over $100 billion in Azure revenue. With the ongoing strengthening of the GenAI cycle, the bank is confident that Azure's business will grow to $200 billion by the fiscal year 2029.

Rating Quick Look | XPeng-W, Bilibili, Eastbuy Target Price Downgraded! Microsoft Receives Positive Outlook After Earnings

蔚来汽车称 1 月交付 10055 辆汽车，同比增 18.2%，环比下滑 44%。

European Securities Guru Costorani: Only 10% of the stock market reaction is based on facts, the rest is all psychological factors.

Person｜European Stock God: 90% of market trends come from psychology

小鹏汽车 1 月交付量 8250 辆，上年同期 5218 辆。

香港房屋局副局长戴尚诚就香港立法会议员提出的 “调整股市楼市政策，增强发展动能” 议案作出总结。戴尚诚表示，香港特区政府会考虑多项相关因素，包括楼价变化、成交量、供应量、经济情况和市场气氛等，以作出合适安排。此外，戴尚诚还提到了香港金管局对按揭贷款的宏观审慎监管措施和逆周期调整。总体而言，关于是否撤销 “撤辣” 政策，香港政府听到了不同的意见，必须平衡各方利益和考虑所有相关因素。

香港房屋局：针对全面 “撤辣” 建议 会考虑多项相关因素

锂盐厂商们正面临利润寒冬，龙头赣锋锂业和天齐锂业预计 2023 年第四季度净利润转负。锂盐市场供过于求，锂价下滑，各大锂盐厂商利润下滑幅度与锂盐价格降幅相符。锂盐厂商的利润下降主要是因为电池级碳酸锂价格下降。华尔街见闻·见智研究认为，第四季度锂盐厂商利润下降是因为碳酸锂价格下降影响了锂盐厂商的核心成本线。

锂王也逃不开周期 | 见智研究

Alibaba is considering selling its subsidiary, Intime Retail, and has been in contact with several potential acquirers. This may indicate that Alibaba is reevaluating its new retail strategy. Intime has over 100 stores and shopping centers in China. The potential sale by Alibaba could be part of its strategic adjustment.

Is New Retail a thing of the past? It is rumored that Alibaba is evaluating the sale of Intime Retail.

Meituan loses 2 trillion in market value

Li Auto announced its delivery data for January 2024, with a total of 31,165 new vehicles delivered, a year-on-year increase of 105.8%. The company stated that it will launch 4 extended-range models and 4 pure electric models in 2024, totaling 8 models, and plans to enhance its technological capabilities in intelligent driving, intelligent space, and intelligent electric fields. The sales and service network will also be upgraded, with the goal of increasing to 800 retail centers, 500 after-sales service centers, and authorized body and paint centers. At the same time, Li Auto will open all of its more than 330 supercharging stations during the Spring Festival holiday, providing free charging services for owners.

In January, Li Auto-W delivered a total of 31,165 new vehicles, representing a YoY growth of 105.8%.

那个靠年终奖实现一夜暴富的时代，终究是远去了。腾讯今年年终奖绩效评定已经出结果，最高是 5 个月月薪 +，而往年则是 3-6 个月薪资。字节也将原来年终奖月数大于 3 的薪酬方案统一调整为 3 个月。

互联网大厂员工再无巨额年终奖？

Lei Jun, Yao Jinbo's multiple bets, the new O2O story in the non-standard market: another destination after taking off the long robe.

Woodpecker Repair submits application to Hong Kong Stock Exchange!

Hottest contracts overnight: Tesla contracts expiring on February 2nd with strike prices of $185 and $187.5 respectively, traded 150,000 and 100,000 contracts; AMD contracts with a strike price of $170 traded nearly 100,000 contracts. Nio options trading volume rose to 255,000 contracts, with call options accounting for 53%.

US Stock Options | Tesla, AMD Trading Soaring! Alphabet-C, Microsoft Trading Surging!

The head of US stocks and quantitative strategies at Bank of America has stated that if US money market yields decline, there will be a large influx of funds into the US stock market. However, not all of these funds will necessarily flow into the stocks of the seven tech giants. There is still room for growth in the Pro UltrPro Shrt S&Pro 500, and there are opportunities to increase holdings in the financial, real estate, non-essential consumer goods, and energy sectors. As for essential consumer goods, healthcare, and information technology sectors, it is recommended to reduce allocation weights. In addition, the year-end target for the Pro UltrPro Shrt S&Pro 500 is expected to be 5,100 points.

US stock market rally expected to spread! After the "Big Seven Tech Giants" take the stage alone, sector rotation is poised to gather momentum.

BlackRock's Rieder accurately predicts that the Federal Reserve will not cut interest rates in March. He believes that the Fed needs to further observe inflation data in order to find reasons to cut rates, so it is reasonable for the Fed to remain patient in terms of rate cuts.

Anticipating "March rate hike too early"! What does the world's largest asset management think?

Looking back at Citic Lyon's predictions for Hong Kong stocks last year, the conclusion is simple: completely inaccurate! And when we look at their predictions for the Year of the Dragon, it's equally dismal...

Is Feng Shui Guide accurate for Hong Kong stocks?

微软厉害之处在于，它能在一个时代登上王座、在下一个时代跌落神坛后，又在下下一个时代重登王座。

微软为什么可以挑战苹果的市值？

"Stock Guru" CITIC Lyon makes another move, predicting that after "surviving the low point in March and April this year, we are ready to embrace a bull market"?! Will technology stocks, which belong to the fire element, have good luck again?

Hong Kong Stock Market Feng Shui Guide for the Year of the Dragon is Released!

马斯克：特斯拉将立即举行股东投票，将公司注册地迁至德克萨斯州。

Jan 31 (Reuters) - * DISNEY HAS REACHED A PRELIMINARY AGREEMENT TO SELL 60% OF ITS INDIAN MEDIA BUSINESS IN A DEAL THAT VALUES THE OVERSEAS OPERATION AT $3.9 BILLION- WSJ

Disney Has Reached A Preliminary Agreement To Sell 60% Of Its Indian Media Business In A Deal That Values The Overseas Operation At $3.9 Billion- WSJ

范华于 2024 年 2 月 1 日上任贝莱德基金董事长，接替张弛。范华在金融机构拥有丰富经验，曾在高盛公司和中国投资有限责任公司等担任要职。此次任命是贝莱德的重要商业事件。

范华上任贝莱德基金董事长

微软和谷歌现在仍处于 “先买再说” 的阶段：即先行购入 AI 基础设施，再看其是否有效。疯狂 “砸钱” 真的有回报吗？

市场紧盯微软、谷歌财报：AI 收益 “迟迟未见”，资本开支 “居高不下”

According to reports, the management of "Alphabet-C killer" Perplexity discussed merger issues with at least 4 companies last year. Writer has been in contact with at least 3 companies in recent months, and Neeva has been acquired by database software provider Snowflake...

AI costs are too high, including Perplexity, multiple star startups are seeking to sell

花旗降小鹏汽车目标价至 28.3 港元，维持沽售评级。花旗发表报告指，小鹏汽车首财季销量低于预期，订单不活跃，采用不可持续的推量策略。该行下调了小鹏汽车今年和明年的销售预测和平均售价预测，将毛利率下调至 6.5% 及 9.2%，上调净亏损预测。H 股目标价下调至 28.3 港元。

花旗降小鹏汽车目标价至 28.3 港元 维持沽售评级

1 月份加密公司融资总额约 6.8 亿美元，同比下降 27%。香港对 WorldCoin 涉嫌违规收集客户虹膜资料展开调查。FTX 律师表示 FTX 放弃重启加密交易所，但将全额偿还债权人。贝莱德计划将比特币现货 ETF 的广告投放到建筑物外墙。加密行业已为 2024 年美国大选筹集超过 8500 万美元资金。灰度 GBTC 1 月 31 日比特币持仓减少 5086 枚。Celsius 退出破产流程，向债权人分配超 30 亿美元加密货币和法币。贝莱德的比特币现货 ETF 单日净流入近 3 亿美元，占当日总净流入的 64%。北京产权交易所声明从未开展过任何形式的加密货币、虚拟货币等交易业务。美国所有比特币现货 ETF 第 13 个交易日资金净流入达 2.47 亿美元。

每日数字货币动态汇总

In the conference calls held by S&P 500 companies in January, as many as 38% of the earnings meetings mentioned the term "artificial intelligence," even higher than the proportion in the first quarter! However, the revenue expectations for AI products provided by these companies have already disappointed investors to some extent.

AI is still the hottest topic in the US stock earnings season! But...

“如果股票多头原本预期 3 月份会降息的话，那么鲍威尔似乎已经关上了这扇门。” 而且，美国区域银行危机恐慌重燃的影响力，似乎并不比美联储决议弱。

近 1 年来美股最惨议息日！美联储究竟释放了什么信号？

美国基金公司新推 ETF，目标是从美股 “七巨头” 未来增长中获利。新推出的基金将投资于苹果、微软、Alphabet、Meta Platforms、特斯拉、亚马逊和 Nvidia 等七支股票各自的 YieldMax 单股 ETF，采用备兑看涨期权策略。去年，由七巨头主导的纳斯达克综合指数涨幅超过 110%。这是首支以七巨头为标的的 ETF，引起了投资者的关注。目前，这支基金的管理资产已经达到了 7,300 万美元。

美国基金公司热衷于新推 ETF，期待分享 “七巨头” 涨势收益

恒生科技指数涨 3%，哔哩哔哩涨超 6% 领涨成分股，恒指涨幅扩大至 1.27%。

Temu and Shein are heavily advertising on Meta Platforms and Instagram, both owned by Meta Platforms, in an attempt to build their brands and snatch consumers from Amazon and AliExpress's AliExpress. This has had a significant impact on Meta Platforms' revenue and may lead to an inaccurate understanding of Meta Platforms' overall business growth. Investors and analysts are evaluating the contribution of advertising from these two companies to Meta Platforms' overall revenue and considering whether this growth is sustainable in the future.

Earnings reports released on Thursday! Will Temu and Shein shake up Meta Platforms' revenue landscape?

CHALIECO initially rose more than 14% in the trading session, and as of the time of writing, it has increased by 8.42%, reaching HKD 2.06, with a trading volume of HKD 43.1044 million. In terms of news, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) previously stated that it will comprehensively promote the market value assessment of centrally-controlled listed companies. GF SEC believes that in the short term, the main approaches to stabilize market expectations include increasing holdings, repurchasing shares, and other means. In the medium to long term, methods such as dividends, equity incentives, and employee shareholding plans can provide long-term incentives for market value. The driving force for the medium to long-term revaluation of central enterprises mainly comes from improving the quality of listed companies and guiding investments. It is recommended to pay attention to central enterprises with low valuation, stable high dividend yield, stable cash flow, and low leverage. CHALIECO recently released its major operating data announcement for 2023. Thanks to the company's optimized industrial structure, the high-end equipment business has grown rapidly. The equipment manufacturing sector has signed 823 new contracts with a total contract value of CNY 3.582 billion, a year-on-year increase of 62%. In addition, the company disclosed its performance for 2023, expecting a net loss attributable to shareholders of CNY 2.5 billion to CNY 2.8 billion, a year-on-year change from profit to loss. This is mainly due to the impact of impairment provisions for contract assets and other impairment provisions, as well as the disposal of non-core subsidiary companies and inefficient or ineffective assets.

Hong Kong Stock Market News | CHALIECO Soars Over 14% in Early Trading, Boosted by Favorable Policies and Rapid Growth in the Company's Equipment Manufacturing Sector

Bilibili-W stock rebounded by more than 4%, and institutions predict that the company's fourth-quarter revenue will increase by 6.3 billion yuan YoY. The company has reached a cooperation agreement with the organizer of the Wonder Festival (WF) for figurine and model exhibitions, obtaining exclusive hosting rights in China. Furi expects the company's annual net revenue to reach 22.5 billion to 23.5 billion yuan, with a target price of HKD 172. It is expected that Bilibili's fourth-quarter revenue will increase by 3%, with online game revenue expected to increase by about 10% to 1.1 billion yuan, VAS revenue increasing by 18% YoY, and online advertising revenue increasing by 25%.

Hong Kong Stock Market News: BILIBILI-W rebounds over 4%. Institutions expect the company's fourth-quarter revenue to increase YoY to RMB 6.3 billion.

1 月财新中国制造业 PMI 录得 50.8，与上月持平，连续三个月高于荣枯线。

中国 1 月财新制造业 PMI 50.8，连续三个月扩张

2024 年 1 月，中国 TOP100 房地产企业拿地总额为 856 亿元，同比增长 44.8%。这主要是因为 2023 年 1 月供应量回落，企业拿地基数较小，以及 2023 年 10 月以来 22 个城市陆续取消土地限价，带动土地热度回升，房企拿地意愿恢复。

机构：1 月 TOP100 房企拿地总额同比大幅增长超 44%

* 大摩相信药明合联股价 30 日内将升

中国 1 月财新制造业 PMI 50.8，前值 50.8。

港股科网股走强，哔哩哔哩涨超 5%，快手涨近 3%，美团、百度等跟涨。

港股汽车股回弹造好，理想汽车涨近 4%，小鹏汽车涨超 2%，零跑汽车、吉利汽车等跟涨。

亚洲股市下跌，美国国债持稳，美联储淡化 3 月降息预期。纽约社区银行暴跌引发对美国地区性银行的担忧。隔夜美股创下逾四个月最大跌幅，科技股领跌。澳大利亚和日本股市下跌，美股期指小幅走高。10 年期美国国债收益率下跌 12 个基点，对地区银行的新担忧加剧了对经济的忧虑。

亚市早盘：亚洲股市下跌 美联储淡化 3 月降息预期

Goldman Sachs has revised its expectation for the timing of the first interest rate cut by the Federal Reserve from March to May, but still anticipates a total of five rate cuts by 2024.

Goldman Sachs: Expects the first interest rate cut by the Federal Reserve to be postponed until May.

Various signs indicate that liquidity risks may concentrate and erupt in the future. Powell stated that a thorough discussion on the balance sheet issue will begin in March.

Before SVB Financial's first anniversary, another small bank in the United States has collapsed. Is the "March drama" of the Federal Reserve starting early?

1 月份，银行股表现强劲，中证银行指数大涨 6.33%，中信银行更是领跑银行股涨幅达到 18%。市场人士认为，去年末市场悲观情绪过度，影响了银行股表现，但随着新年的到来以及提振经济的举措出台，银行股走强符合预期。股份制银行的涨势与市场低风险偏好有关，投资者更倾向于低估值、高股息的银行。