Mesoblast(MESO) rose 43.55%, with a trading turnover 66.5 Million USD, and a year-to-date rose 127.7%. RH(RH) rose 17.26%, with a trading turnover 1.7 Billion USD, and a year-to-date rose 19.5%. Guardant Health(GH) rose 14.87%, with a trading turnover 110.2 Million USD, and a year-to-date fell 23.7%.

Top 10 US Stock Gainers (3.28)

MillerKnoll(MLKN) fell 18.9%, with a trading turnover 82.3 Million USD, and a year-to-date fell 6.5%. Reddit(RDDT) fell 14.6%, with a trading turnover 653.7 Million USD, and a year-to-date rose 45.1%. AMC ENT(AMC) fell 14.29%, with a trading turnover 165.4 Million USD, and a year-to-date fell 39.2%.

Top 10 US Stock Losers (3.28)

Bristol Myers Squibb(BMY) rose 1.84%, with a trading turnover 776.8 Million USD, and a year-to-date rose 6.9%. Accenture(ACN) rose 1.66%, with a trading turnover 1.2 Billion USD, and a year-to-date fell 0.9%. General Electric(GE) fell 2.55%, with a trading turnover 1.7 Billion USD, and a year-to-date rose 37.5%. Stellantis NV(STLA) fell 2.38%, with a trading turnover 177.5 Million USD, and a year-to-date rose 21.4%.

Top 5 US Stock Gainers/Losers (>100B) (3.28)

According to media reports, the new iPad from Apple is expected to be launched in early May. This time, the Pro and Air series will receive major updates, with the iPad Pro models featuring the new M3 chip, and the iPad Air will come with a larger screen

The new version of the iPad from Apple is finally coming! It will be released in early May, featuring an OLED screen, and a first appearance of 12.9 inches

小米 SU7 于 28 日正式宣布上市，“蔚小理” 等友商一把手被邀请到了发布会现场为小米造势。小米宣布 SU7 标准版起售价为 21.59 万元，友商股价在美股市场跌多涨少，特斯拉在周四收跌 2.2%，蔚来汽车跌 3.6%，小鹏汽车跌 1.6%，理想汽车涨 0.3%。小米集团 ADR 在美国粉单市场涨 12%。

小米汽车上市首日，友商股价跌多涨少

Google announced that the mobile AI model Gemini Nano will debut on Pixel 8, enabling smart replies. At the same time, Google will launch an AI Accelerator program to fund more non-profit organizations developing practical generative AI technologies

Google makes a big move! AI features will land on Pixel 8, investing $20 million to launch the AI acceleration project

加密货币交易所 FTX 创始人山姆·班克曼 - 弗里德因涉嫌数十亿美元欺诈罪在纽约被判入狱 20 年。

FTX 联合创始人 SBF 在法庭上对发生的一切表示道歉。他在量刑听证会上表示，他很抱歉，并对每个阶段发生的事情都感到抱歉。他承认自己做了一系列错误的决定，对此感到困扰。他还表示公司的员工为公司投入了全身心的努力，而他却抛弃了他们。

FTX 联合创始人 SBF 在法庭上对发生的一切表示道歉

Yuliang is only earning a monthly salary of 10,000 RMB now

Vanke plans to reduce its debt by 100 billion in the next two years

小米汽车：上市 27 分钟大定突破 5 万台。

On Thursday, most of the Bitcoin concept stocks rose. As of the time of publication, MicroStrategy fell by more than 3%; Riot Blockchain rose by over 4%, Marathon Digital rose by over 7%, and Canaan Technology rose by over 10%. In terms of news, Cathie Wood's ARK 21Shares Bitcoin ETF under ARK Investment Management successfully achieved a record-breaking $201.8 million in fund inflows, nearly five times its daily average fund inflow

U.S. Stock Market Update | Most Bitcoin-related stocks are up, with Canaan Technology rising over 10%

在今日的小米汽车上市发布会上，小米 CEO 雷军接受媒体采访。雷军表示，小米汽车发布会后，1 分钟就有 10 万人加心愿单，用户的热情是很高的。对于价格战，他表示，当前行业竞争很激烈，小米对竞争的残酷性有认知。价格战只是一种手法，应该打产品战、技术战、生态战。“智能和生态是我们最强大的优势。小米 SU7 50 万以内鲜有对手，我对这辆车很满意。” 雷军说。

雷军：价格战只是一种手法，应该打产品战、技术战、生态战

小米集团 (ADR) 美股盘前涨 3.7%，此前雷军公布小米汽车价格。

小米 SU7 Pro 版（后驱超长续航高阶智驾版）售价 24.59 万元。

小米 SU7 标准版（后驱长续航智驾版）售价 21.59 万元。

蔚来汽车李斌、小鹏汽车何小鹏、理想汽车李想齐聚小米汽车 SU 7 发布会。

William Li from Nio, He Xiaopeng from XPeng, and Li Xiang from Li Auto gathered at the Xiaomi Auto SU 7 launch event

As Xiaomi's first masterpiece in the automotive industry, can the Xiaomi SU7 achieve a "strong debut"?

Mi fans are excited, and competitors are congratulating! The countdown to the Xiaomi SU7 launch event, the price is finally about to be revealed

At 7:00 PM Hong Kong time tonight, Xiaomi's car SU7 will officially go public and announce its price. XPeng rose 4% in pre-market trading, Li Auto and Nio rose more than 2%. Trump concept stock DJT fluctuated in pre-market trading, rising more than 2% at one point, then falling more than 3%, and now down around 2%. Reddit fell more than 7% at one point, with increased bearish bets in the market. Akebia Therapeutics surged 32% at one point

Pre-market trading in US stocks | Li Auto leads the way in Chinese concept stocks! Market focuses on Xiaomi's car launch event

FTX 创始人班克曼 - 弗里德面临判决，美国检方寻求判处其至高 50 年监禁。根据曼哈顿联邦法院陪审团的判决，他被认定犯有联邦欺诈和共谋罪名，包括对 FTX 客户进行电汇欺诈、对 FTX 投资者进行证券欺诈以及洗钱等七项罪名。FTX 曾是全球最大的加密货币交易所之一，于 2022 年 11 月申请破产。

FTX 创始人班克曼 - 弗里德面临判决，美国检方寻求判处其至高 50 年监禁

Meituan released its 2023 annual report, showing that the operating profit of its core local business slightly exceeded expectations, while new businesses continued to reduce losses. Meituan's stock price surged against the market on March 25th, rising by as much as 9.69% intraday, and ultimately closing at HKD 93.3 per share, with the stock price rebounding by over 50%. However, facing attacks from competitors and market doubts, Meituan still faces an uncertain situation. Whether Meituan can continue to solidify its leading position in the entire internet competition remains unknown

Wang Xing barely held onto the throne

Huang Renxun: Liquid cooling technology will become the next trend in AI computing power. In the future, computer calculations will rely heavily on generation rather than retrieval

Lao Huang: Computing power will increase by another 1 million times in the next 10 years

Bernstein: Lowered Tesla's target price to $120. Morgan Stanley: Maintained target price at $320

WSB Hot Discussion | Analysts are divided, with Tesla's highest target price at 320 and the lowest at only 120

CICC raised Meituan's target price by 19.35% to HKD 111, believing that the company's performance in 2025 may reflect Meituan's actual value; Citi Research gave Pinduoduo a target price of USD 180, believing that the company can maintain a +90% revenue growth and +30% adjusted net profit growth in the first quarter of 2024

Rating Quick Look | Meituan's target price significantly raised! Apple's rating, Tesla's target price downgraded

周三，伴随着比特币再次冲击 7.2 万美元的历史高点，凯西·伍德旗下 ARK 21Shares 比特币 ETF 成功实现了创纪录的 2.018 亿美元的资金流入，几乎是其日均资金流入的五倍。

比特币冲击 7.2 万美元大关 “木头姐” ETF 日现金流入创新高

小米汽车将在今晚公布正式售价，业内对其定价策略有两种猜测。一种是起售价将下探到 20 万元以下，另一种是定在 22 万元到 23 万元左右。第一种定价策略是基于中型纯电轿车市场容量不大、竞争激烈的情况，而第二种定价策略则考虑了小米汽车的流量和生态智能优势，以及今年产能较为有限的因素。小米汽车还计划推出不同级别的轿车和 SUV 车型，SU7 的价格将较高，其他车型的定价空间较大。

业内猜测小米汽车两种定价策略

The three major US stock index futures are down, the STOXX 600 index in Europe hits a new high, and popular Chinese concept stocks are generally up. Tesla is slightly up, Nvidia is slightly down, XPeng Motors is up over 4%, Nio is up nearly 2%, and the Euro has fallen below 1.08 against the US Dollar for the first time since March 1st. The weekly initial jobless claims data, the final value of the US PCE price index for the fourth quarter, and the final GDP value to be released at 20:30 tonight are highly anticipated. Xiaomi's car model SU7 holds its listing launch event, with Lei Jun expressing willingness to fight for Xiaomi's car brand with his reputation. This week, attention is focused on the Fed's favorite inflation indicator, the February PCE price index

The three major US stock index futures fell, the STOXX 600 index in Europe hit a new high, and popular Chinese concept stocks rose across the board

The top five hottest contracts overnight are all related to Tesla: 
- Over 230,000 contracts of call options with a strike price of $180 were traded.
- Over 130,000 contracts of call options with a strike price of $182.5 were traded.
- Over 120,000 contracts of put options with strike prices of $177.5 and $175 were traded.
- Over 110,000 contracts of put options with a strike price of $180 were traded

US Stock Options | Tesla, AMD trading volume plunges! Nvidia puts, Apple calls hot

LINGBAO GOLD(03330) rose 23.65%, with a trading turnover 83.1 Million HKD, and a year-to-date rose 86.2%. UBTECH ROBOTICS(09880) rose 17.57%, with a trading turnover 183.8 Million HKD, and a year-to-date rose 149%. PALASINO(02536) rose 15.78%, with a trading turnover 220.6 Million HKD, and a year-to-date rose 100.4%.

Top 10 HK Stock Gainers (3.28)

HAIER SMARTHOME(06690) rose 8.22%, with a trading turnover 582.1 Million HKD, and a year-to-date rose 10.4%. CTG DUTY-FREE(01880) rose 7.29%, with a trading turnover 191.0 Million HKD, and a year-to-date rose 1.8%. CEB BANK(06818) fell 12.79%, with a trading turnover 298.2 Million HKD, and a year-to-date fell 3%. HK &amp; CHINA GAS(00003) fell 3.42%, with a trading turnover 191.0 Million HKD, and a year-to-date fell 0.8%.

Top 5 HK Stock Gainers/Losers (>100B) (3.28)

CMS(00867) fell 34.45%, with a trading turnover 438.0 Million HKD, and a year-to-date fell 40.6%. BEIJING ENT(00392) fell 22.39%, with a trading turnover 606.1 Million HKD, and a year-to-date fell 16.4%. ASCENTAGE-B(06855) fell 19.09%, with a trading turnover 209.3 Million HKD, and a year-to-date fell 34.9%.

Top 10 HK Stock Losers (3.28)

美股加密板块盘前普涨，ProShares 比特币策略 ETF、Marathon Digital、Coinbase 涨超 2%，Riot Platforms 涨近 2%。

AI Pharmaceuticals will become one of the most important breakthrough areas in the field of AI

AI pharmaceutical company endorsed by Huang Renxun, English Silicon Intelligence, updates prospectus | Jianzhi Research

Whoever is holding back Nvidia's production capacity, whoever is the bottleneck restricting Nvidia's production capacity, is the most scarce presence on the supply side, which is the most logical choice

Who is at the neck of NVIDIA?

金十数据 3 月 28 日讯，针对中国向 WTO 起诉美国阻碍电动汽车制造商从中国采购电池材料的规定，商务部新闻发言人何亚东表示，中方起诉既是维护中方新能源汽车企业利益和全球新能源汽车产业公平竞争环境的正当之举，也是为了坚定捍卫以规则为基础的多边贸易体制，坚决维护新能源汽车全球产业链和供应链稳定。

商务部：中方起诉是正当之举 美方严重扰乱全球新能源汽车产业链和供应链

The latest roadmap shows that by 2026, Samsung's HBM shipments will be 14 times that of 2023; by 2028, Samsung's HBM annual production will further increase to 23 times that of 2023

HBM production increase! Samsung expects this year's production capacity to be 2.9 times that of last year

Nio still needs to break through

Sun Hongbin, Chairman of the Board of Directors of Sunac China, has fulfilled his promise and maintained the basic support. Sunac's 2023 annual financial report shows a significant decrease in the company's attributable net loss, a reduction in interest-bearing debt, and an increase in net assets. Sunac also holds high-quality assets and a strong sales foundation. The cultural tourism business has shown a hot trend with significant revenue growth. Sunac's asset base is stable, with high-quality assets, and the growth in net assets reflects a solid asset foundation

Sun Hongbin held onto the support level

A 股和港股一反昨日下跌态势，今天集体大涨。那么，究竟有何利好刺激？分析人士认为，今天上涨的最大助力是一则流言：有消息称，央行可能下场买债，“中国版 QE” 即将开启。一位资本市场大佬认为，这意味着央行扩表，遏制信用被动收缩。但华泰固收认为，买卖国债显然可以成为公开市场操作的必要补充，现行制度也是允许的，但赤字货币化底线依然存在，无需过度解读。

港股今日为何大涨？市场传言 “中国版 QE” 即将开启！

Real estate intermediary platform Beike recently participated in a land auction in Beijing, sparking market discussions. Beike stated that they do not aim to become a traditional developer, but rather to leverage their industrial internet advantages to collaborate with partners in creating good products and services, exploring new directions in the industry. Beike sees the Shunyi land in Beijing as suitable for their experiments. This move may accelerate the destocking of the real estate market, reduce customer acquisition costs, create a new real estate development model, and potentially drive Beike's performance growth. For Beike, this is a meaningful attempt

Real estate agency giant also joins the land grab

China International Travel Service Corporation Limited (CITS) announced its 2023 annual financial report, with a 24.08% year-on-year increase in revenue and a 33.46% year-on-year increase in net profit. The company plans to distribute cash dividends to all shareholders. Benefiting from the recovery of the tourism market and domestic consumption environment, CITS's duty-free product sales increased by approximately 70% year-on-year, with the Hainan region remaining the company's main source of revenue. The number of tourists and income in Hainan Province also showed significant growth

Domestic consumption rebounds, China International Travel Service Duty Free (CITS) saw a 24% year-on-year increase in revenue last year, planning to distribute dividends of 3.4 billion yuan | Financial Report Insights

China Merchants Bank (CMB) held its 2023 performance conference, addressing concerns from the public regarding operating performance, dividend rate, asset quality, interest rate spread trends, organizational structure adjustments, and other issues. The non-performing loan balance of CMB increased compared to the end of the previous year, but the non-performing loan ratio decreased. The non-performing rate in the real estate industry rose at the beginning of the year but is gradually declining. It is expected that the absolute amount of non-performing loans generated in the real estate industry this year will decrease. The net interest margin of CMB decreased mainly due to the reduction in LPR and insufficient credit demand. CMB will focus on white-list customers at both the total and branch levels, key areas in first and second-tier cities, as well as real estate projects to meet financing needs

Direct hit on the performance report meeting of China Merchants Bank: Once the dividend payout ratio is increased, there are no plans to lower it again

Behind the seemingly "chaotic" assets in March, there are three main themes: Bitcoin, gold, and copper driven by ample liquidity; interest rate expectations driving rates, stocks, and gold; and copper and oil being driven by improving demand and expectations of secondary inflation. Liquidity trading in the second quarter may face a turning point, with reflation clearly taking the lead, and interest rate trading gradually becoming the main theme. It is recommended to focus on bonds before stocks, as bonds currently offer better value, while US stocks may face some challenges before improving. Gold has limited upside after a sprint, but can be re-entered after a pullback, while the demand-driven copper and oil will need to wait for a rate cut for improvement

CICC: Who "made a mistake" as stocks and bonds rise together?

Bank of Communications released its 2023 annual report, showing an increase in net profit, a decrease in non-performing loan ratio, and a dividend payout ratio exceeding 30% for 12 consecutive years. HSBC unexpectedly increased its holdings in Bank of Communications. The annual report indicates that the profit growth of Bank of Communications mainly comes from the increase in non-interest net income and the decrease in credit impairment losses. The decrease in net interest income is mainly due to the impact of the decline in loan market quoted interest rates and customer loan yields. In terms of asset quality, both the balance and ratio of non-performing loans at Bank of Communications have decreased, but the balance and ratio of overdue loans have increased

Bank of Communications Annual Report Released: Dividend payout ratio has exceeded 30% for 12 consecutive years, net profit growth, and non-performing loan ratio decreased

Chinese-made electric vehicles are continuously gaining market share in the European market, expected to reach 25% this year. According to analysis by the European Transport and Environment Organization, the market share of Chinese domestic brands in the EU electric vehicle market has increased from 0.4% in 2019 to 7.9% in 2023. The report also points out that Chinese-made batteries are at least 20% cheaper than European ones, and Chinese battery manufacturers are leading internationally in technology and supply chain. European car manufacturers need to increase investment in local battery supply chains and take more measures to incentivize the development of the electric vehicle industry

Research institution: Chinese-made electric vehicles are expected to reach a market share of 25% in Europe this year

CITIC Securities issued an urgent statement denying the spread of false information. The statement indicated that the company will continue to comply with various laws and regulations, safeguard the rights and interests of investors, and promote the healthy and stable development of the capital market. At the same time, CITIC Securities released its 2023 annual performance report, with operating income of 60.068 billion yuan, net profit of 19.721 billion yuan, and total assets of approximately 1.45 trillion yuan. Among them, brokerage business income decreased, while securities investment business income increased

Trillion-dollar "Number One Broker", urgent statement! Just supervised by the exchange last week! Net profit of 19.7 billion yuan last year

最近，期权数据显示美股的下行风险有限。标准普尔 500 指数和纳斯达克 100 指数的平价期权的隐含波动率已降至接近历史低位的水平。交易者对未来股市的整体风险持乐观态度，并且不担心股市大幅下跌。然而，有理由怀疑交易者普遍低估了风险，尤其是低估了标准普尔 500 指数和纳斯达克 100 指数可能出现的下行风险。

与华尔街巨头唱反调：期权数据显示美股的下行风险有限

详解英伟达 Blackwell GPU 芯片架构，揭秘其强大之处。英伟达创始人兼 CEO 黄仁勋在 GTC 大会上表示，英伟达不仅在卖 GPU，还可以附带着卖热水。黄仁勋强调英伟达 DGX 新机的液冷散热系统，温度接近室温，流速达 2L/s，展示了英伟达在 AI 算力领域的强大实力。在 AI 算力需求激增的背景下，英伟达致力于满足数据中心客户需求，不断提升系统性能和能效。

英伟达 Blackwell GPU 究竟牛在哪？现场对话技术高管

股票市场处于历史高位附近，但投资者预计未来 10 年股息的增长将微乎其微。标普 500 指数在 2020 年经历了大起大落，投资者对其当前估值水平持谨慎态度。标普 500 年度股息指数期货显示，投资者对未来 10 年的实际股息支付预期大幅降低。投资者对股息前景较为悲观，尽管股市接近创纪录高位。投资者对未来 10 年股息支付增长接近零的预期可能是由于通胀率和利率上升的影响。

股票：未来 10 年股息前景黯淡？

理想汽车全自研多模态认知大模型 Mind GPT 正式通过国家《生成式人工智能服务管理暂行办法》备案，成为首个通过该备案的汽车厂商自研大模型。据了解，Mind GPT 是在汽车智能座舱落地的全自研多模态认知大模型，训练数据规模达 3 万亿 Token。

理想汽车 Mind GPT 正式通过国家备案，训练数据规模达 3 万亿 Token

Claude 3's large cup Opus topped the list, with the large cup Sonnet and the small cup Haiku achieving impressive fourth and sixth places respectively. Haiku's level has reached GPT-4