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万象入星辰

万象入星辰

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万象入星辰

2021-08-19

666

Rashomon: Nio official denied it was related to the "500 owner statement"

万象入星辰

2021-08-10

666

Rogers: The most brutal bear market in history may begin at this time

万象入星辰

2021-08-17

68

Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%

万象入星辰

2021-08-10

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[Change] Popular Chinese stocks soared, and shells rose by more than 14%

万象入星辰

2021-02-16

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Opening: Good opening in the Year of the Ox! HSI opens 1.66% higher

万象入星辰

2021-01-26

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万象入星辰

2020-10-30

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Nio rose more than 5% before the market, and mass-production cars rolled off the assembly line in a single month to break through 5,000 units for the first time

万象入星辰

2021-08-19

101

Fed Minutes Preview: Mouth Or Harder, But Announces taper Should Be At Year End

万象入星辰

2021-05-31

666

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万象入星辰

2021-03-12

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JD.COM is unanimously favored by big banks after its earnings report, and it is expected to still grow strongly this year

Go to Tiger App to see more news

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We also don't know the exact number of car owners. \"</p><p>In addition,<b>A Nio owner took issue with the statement, saying he had not participated in that statement himself.</b></p><p>Today, social media posted \"500<a href=\"https://laohu8.com/S/NIO\">Nio</a>Car Owners Issue a Joint Statement on NOP/NP System Cognition, which says: We are well aware of the current NP/NOP assisted driving system of Nio, rather than an autonomous driving system or unmanned driving system; The introduction and publicity of NP/NOP by Nio Company is not confusing or misleading to us.</p><p><img src=\"https://static.tigerbbs.com/0f1254fabfde6853f773eba64a7dc80c\" tg-width=\"677\" tg-height=\"2149\" referrerpolicy=\"no-referrer\"></p><p>Previously, Lin Lihong, the lawyer of the owner of Lin Wenqin's case, once questioned that Nio promoted autonomous driving as \"fraud\". Lin Lihong, a lawyer entrusted by Lin Wenqin's family to represent the case, previously said that the case is still under investigation and is currently waiting for technical appraisal of the vehicle.</p><p>Regarding the \"automatic assisted driving\" function of Nio vehicles, Lawyer Lin said, \"When most people buy a car, they listen to the salesperson to introduce how to use the car. In this case, when his salesperson gives operation guidance to users, he proposes that automatic driving can be realized, including one of which has not been deleted yet. We have also notarized such a page. He directly wrote about automatic driving without the word\" assisted \". Then we have a question. You didn't write your defects on all of these publicity pages, but told you after purchasing. The user manual says that I have various defects. You are fraudulent, you are fraudulent consumers. \"</p>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rashomon: Nio official denied it was related to the \"500 owner statement\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRashomon: Nio official denied it was related to the \"500 owner statement\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-08-18 19:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On the evening of August 18, according to the financial network, Nio Automobile said: \"The'<b>500 Nio vehicle owners release joint statement on awareness of NOP/NP system'</b>It is a joint statement issued by the voluntary organization of car owners in Nio, and it is not related to the official. We also don't know the exact number of car owners. \"</p><p>In addition,<b>A Nio owner took issue with the statement, saying he had not participated in that statement himself.</b></p><p>Today, social media posted \"500<a href=\"https://laohu8.com/S/NIO\">Nio</a>Car Owners Issue a Joint Statement on NOP/NP System Cognition, which says: We are well aware of the current NP/NOP assisted driving system of Nio, rather than an autonomous driving system or unmanned driving system; The introduction and publicity of NP/NOP by Nio Company is not confusing or misleading to us.</p><p><img src=\"https://static.tigerbbs.com/0f1254fabfde6853f773eba64a7dc80c\" tg-width=\"677\" tg-height=\"2149\" referrerpolicy=\"no-referrer\"></p><p>Previously, Lin Lihong, the lawyer of the owner of Lin Wenqin's case, once questioned that Nio promoted autonomous driving as \"fraud\". Lin Lihong, a lawyer entrusted by Lin Wenqin's family to represent the case, previously said that the case is still under investigation and is currently waiting for technical appraisal of the vehicle.</p><p>Regarding the \"automatic assisted driving\" function of Nio vehicles, Lawyer Lin said, \"When most people buy a car, they listen to the salesperson to introduce how to use the car. In this case, when his salesperson gives operation guidance to users, he proposes that automatic driving can be realized, including one of which has not been deleted yet. We have also notarized such a page. He directly wrote about automatic driving without the word\" assisted \". Then we have a question. You didn't write your defects on all of these publicity pages, but told you after purchasing. The user manual says that I have various defects. You are fraudulent, you are fraudulent consumers. \"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/2021-08-18/doc-ikqciyzm2183216.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/caa91e1c0f611544b6b14d39def99a86","relate_stocks":{"NIO":"蔚来"},"source_url":"https://finance.sina.com.cn/tech/2021-08-18/doc-ikqciyzm2183216.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186870898","content_text":"8月18日晚间消息，据财经网报道，蔚来汽车表示：“网上流传的'500名蔚来汽车车主发布对NOP/NP系统认知的联合声明'是蔚来车主自发组织发出的一个联合声明，与官方没有关联。车主具体人数我们也不知道。”\n另外，有蔚来车主对此声明表达了异议，称他本人没有参与过那个声明。\n今日，社交媒体上贴出《500名蔚来汽车车主发布对NOP/NP系统认知的联合声明》，文中称：我们清楚知悉目前蔚来公司的NP/NOP系辅助驾驶系统，而非自动驾驶系统或无人驾驶系统；蔚来公司对NP/NOP的介绍、宣传未对我们构成混淆和误导。\n\n此前，林文钦案车主律师林丽鸿曾质疑，蔚来宣传自动驾驶属于\"欺诈\"。 林文钦家属委托代理此案的律师林丽鸿此前表示现在案件还在调查当中，目前正等待对车辆进行技术鉴定。\n对于蔚来汽车“自动辅助驾驶”功能，林律师表示，“大部分人在购车时，是听销售人员给介绍这个车怎么进行使用，在这种情况之下，他的销售人员在给用户进行操作指导的时候，提出的就是说可以实现自动驾驶，包括它有一个目前还没有删掉，我们也都进行公证了这么一个页面，他直接写的是自动驾驶，没有“辅助”两个字，那么我们有个疑问，你在这些宣传页面上全部都没有写你的缺陷，而是在购买以后再告诉大家，用户手册里面有写我有各种缺陷，你这是欺诈，就是欺诈消费者。”","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2983,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831622613,"gmtCreate":1629324904132,"gmtModify":1676530000587,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"101","listText":"101","text":"101","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831622613","repostId":"1124478475","repostType":4,"repost":{"id":"1124478475","kind":"news","pubTimestamp":1629291113,"share":"https://ttm.financial/m/news/1124478475?lang=en_US&edition=fundamental","pubTime":"2021-08-18 20:51","market":"us","language":"zh","title":"Fed Minutes Preview: Mouth Or Harder, But Announces taper Should Be At Year End","url":"https://stock-news.laohu8.com/highlight/detail?id=1124478475","media":"华尔街见闻","summary":"核心与会者和鸽派参与者将主导政策的真正落地。","content":"<p>Author: Yu Xudong</p><p>The Federal Reserve will release the minutes of its latest monetary policy meeting at 02:00 a.m. Beijing time (02:00 EST) on Thursday. At present, there is only one week left until the annual meeting of global central banks in Jackson Hole. It is expected that Powell will take the opportunity of this meeting to announce the reduction of bond purchases, so the market needs to pay close attention to whether the minutes of the meeting announced today can provide relevant clues. Currently, the Fed's monthly bond purchase quota is $120 billion.</p><p>Recently, Nomura Securities expressed its views on the upcoming Federal Open Market Committee interest rate meeting (FOMC) of the Federal Reserve in August in a research report.</p><p>The report pointed out that Nomura Securities expects the Federal Open Market Committee to announce a reduction in bond purchases (taper) announcement in the fourth quarter, most likely in December this year, and the possibility of announcing taper in November is also increasing.</p><p>Regarding when to implement it, Nomura believes that the Federal Reserve will gradually reduce the purchase of bonds in January and last for 11 months; Mortgage-backed securities (MBS) reduced purchases will last for 6 months.</p><p>Nomura also said the minutes of the July FOMC meeting will likely include more important discussions among FOMC participants about the technical details of taper, including when it will begin, the pace of tapering, and whether Treasury Bond and MBS are treated equally with fewer purchases.</p><p>Considering the June and July FOMC meetings were tougher than expected, Nomura sees the possibility of a stronger consensus in the minutes of the July meeting and will taper gradually shortly afterwards.</p><p>Notably, while recent Fed remarks since the July meeting have continued the hawkish theme of calling for an early taper, Nomura sees little sign at the core level that a third-quarter taper announcement might be possible. Moreover, it is likely that inflation and COVID developments will also make the minutes platitudinous (and hinder taper).</p><p><b>What will be the timing, size, and how of taper?</b></p><p>Following the July FOMC meeting, the Fed adjusted its language regarding asset purchases to acknowledge that \"the economy has made progress towards its goals. In addition, the FOMC will continue to evaluate progress at future meetings. Emphasizing the importance of future meetings suggests that it will not end exploring until at least November.</p><p>During the press conference, Fed Chair Powell acknowledged that the committee considered some considerations at its July meeting about how to adjust asset purchases when economic conditions need to change, including the pace and composition of purchases.</p><p>Since the July meeting, it has become clear that Fed hawks should start to gain the upper hand, with some hawkish FOMC participants calling for a faster taper timeline, including Bullard, Waller, Rosengren and Kaplan. These participants tended to announce the reduction at the September FOMC meeting, but the start time and duration of the reduction varied.</p><p>Brad and Waller, in particular, both called for a relatively rapid taper process in about 5-6 months, while Rosengren and Kaplan were more cautious, calling for 8-10 months.</p><p>Aside from the hawks, however, the core members of the FOMC, including Clarida and Brainard, are more patient.</p><p>During an Aug. 4 speech, Clara repeated some of the wording from the July FOMC statement while acknowledging that he might support the announcement of taper later this year.</p><p>Additionally, Governor Brainard stressed the need to look at the September Jobs Report (scheduled for October 8) before making any final FOMC decision, while also noting that downside risks to the economy are now more pronounced since the July FOMC meeting due to the development of the COVID pandemic.</p><p>In addition, Bostic stressed that given that the Fed has promised to send out taper notices in advance, this may pose communication challenges. That said, the evolution from \"future conference\" to \"later this year\" wording may reflect a subtle hawkish shift.</p><p>In addition to the core personnel, dovish players, including Daly, Evans and Kashkari, have said taper will be announced later this year if the economy goes as expected. This suggests that the July FOMC minutes may embody a relatively strong consensus that an announcement of taper later this year may be appropriate, but there are different views on the exact timing.</p><p>Hawkish voices since the July FOMC meeting suggest that there may be a group of attendees in the discussion of the minutes supporting a sooner-than-expected taper or announcing a taper. This may manifest itself in terms of when tapering begins and how quickly it progresses. Of course, it also matters how many people say this.</p><p>In addition to when the taper is most likely to be announced, it is important to monitor the size of the taper perceived by each attendee, which means the speed and progress of the taper. Many participants agreed that it is more appropriate to taper gradually over a period of about 10-12 months, while some participants suggested supporting the Fed to taper faster, which also increases the flexibility of the Fed to time taper.</p><p>Finally, on how to reduce purchases of U.S. Treasury Bond and MBS, Nomura notes that although Powell seems to rule out the possibility of starting to reduce purchases of MBS first, he does not rule out the possibility of tapering MBS more quickly.</p><p><b>What is the impact of macroeconomics on the FOMC meeting?</b></p><p>Nomura believes that while non-farm payrolls grew strongly in July, it did not accelerate significantly, which may ease the pressure on the Fed to announce taper as soon as possible. In addition, the unexpected fall in core CPI inflation in July, the rampage of the Delta variant, and the deterioration of retail sales data are also thwarting the Fed from announcing taper as soon as possible.</p><p>At a press conference in July, Powell said the FOMC still needs to monitor eating out, travel, and the reopening of schools, although back-to-back waves of COVID tend to have less of an economic impact. Since the meeting, Nomura has argued that these concerns have become reality rather than risk.</p><p>What are the risks of this FOMC meeting?</p><p>Nomura believes that given that both June and July FOMC meetings were tougher than expected, the agency believes the July FOMC minutes could show a stronger-than-expected consensus to start taper as early as possible.</p><p>In this case, the strong consensus could lead to Powell's key speech on taper at the Jackson Hole Global Central Bank Conference.</p><p>Even so, economic data, comments from core attendees, and the need for \"advance notice\" all indicate that the barrier to gradual taper since September is still relatively high.</p><p>Therefore, Nomura thinks we believe that the July FOMC minutes will reveal some disagreement and consensus from people with tough voices, but core attendees and dovish participants will dominate the real landing of policy.</p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Preview: Mouth Or Harder, But Announces taper Should Be At Year End</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Preview: Mouth Or Harder, But Announces taper Should Be At Year End\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-18 20:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Yu Xudong</p><p>The Federal Reserve will release the minutes of its latest monetary policy meeting at 02:00 a.m. Beijing time (02:00 EST) on Thursday. At present, there is only one week left until the annual meeting of global central banks in Jackson Hole. It is expected that Powell will take the opportunity of this meeting to announce the reduction of bond purchases, so the market needs to pay close attention to whether the minutes of the meeting announced today can provide relevant clues. Currently, the Fed's monthly bond purchase quota is $120 billion.</p><p>Recently, Nomura Securities expressed its views on the upcoming Federal Open Market Committee interest rate meeting (FOMC) of the Federal Reserve in August in a research report.</p><p>The report pointed out that Nomura Securities expects the Federal Open Market Committee to announce a reduction in bond purchases (taper) announcement in the fourth quarter, most likely in December this year, and the possibility of announcing taper in November is also increasing.</p><p>Regarding when to implement it, Nomura believes that the Federal Reserve will gradually reduce the purchase of bonds in January and last for 11 months; Mortgage-backed securities (MBS) reduced purchases will last for 6 months.</p><p>Nomura also said the minutes of the July FOMC meeting will likely include more important discussions among FOMC participants about the technical details of taper, including when it will begin, the pace of tapering, and whether Treasury Bond and MBS are treated equally with fewer purchases.</p><p>Considering the June and July FOMC meetings were tougher than expected, Nomura sees the possibility of a stronger consensus in the minutes of the July meeting and will taper gradually shortly afterwards.</p><p>Notably, while recent Fed remarks since the July meeting have continued the hawkish theme of calling for an early taper, Nomura sees little sign at the core level that a third-quarter taper announcement might be possible. Moreover, it is likely that inflation and COVID developments will also make the minutes platitudinous (and hinder taper).</p><p><b>What will be the timing, size, and how of taper?</b></p><p>Following the July FOMC meeting, the Fed adjusted its language regarding asset purchases to acknowledge that \"the economy has made progress towards its goals. In addition, the FOMC will continue to evaluate progress at future meetings. Emphasizing the importance of future meetings suggests that it will not end exploring until at least November.</p><p>During the press conference, Fed Chair Powell acknowledged that the committee considered some considerations at its July meeting about how to adjust asset purchases when economic conditions need to change, including the pace and composition of purchases.</p><p>Since the July meeting, it has become clear that Fed hawks should start to gain the upper hand, with some hawkish FOMC participants calling for a faster taper timeline, including Bullard, Waller, Rosengren and Kaplan. These participants tended to announce the reduction at the September FOMC meeting, but the start time and duration of the reduction varied.</p><p>Brad and Waller, in particular, both called for a relatively rapid taper process in about 5-6 months, while Rosengren and Kaplan were more cautious, calling for 8-10 months.</p><p>Aside from the hawks, however, the core members of the FOMC, including Clarida and Brainard, are more patient.</p><p>During an Aug. 4 speech, Clara repeated some of the wording from the July FOMC statement while acknowledging that he might support the announcement of taper later this year.</p><p>Additionally, Governor Brainard stressed the need to look at the September Jobs Report (scheduled for October 8) before making any final FOMC decision, while also noting that downside risks to the economy are now more pronounced since the July FOMC meeting due to the development of the COVID pandemic.</p><p>In addition, Bostic stressed that given that the Fed has promised to send out taper notices in advance, this may pose communication challenges. That said, the evolution from \"future conference\" to \"later this year\" wording may reflect a subtle hawkish shift.</p><p>In addition to the core personnel, dovish players, including Daly, Evans and Kashkari, have said taper will be announced later this year if the economy goes as expected. This suggests that the July FOMC minutes may embody a relatively strong consensus that an announcement of taper later this year may be appropriate, but there are different views on the exact timing.</p><p>Hawkish voices since the July FOMC meeting suggest that there may be a group of attendees in the discussion of the minutes supporting a sooner-than-expected taper or announcing a taper. This may manifest itself in terms of when tapering begins and how quickly it progresses. Of course, it also matters how many people say this.</p><p>In addition to when the taper is most likely to be announced, it is important to monitor the size of the taper perceived by each attendee, which means the speed and progress of the taper. Many participants agreed that it is more appropriate to taper gradually over a period of about 10-12 months, while some participants suggested supporting the Fed to taper faster, which also increases the flexibility of the Fed to time taper.</p><p>Finally, on how to reduce purchases of U.S. Treasury Bond and MBS, Nomura notes that although Powell seems to rule out the possibility of starting to reduce purchases of MBS first, he does not rule out the possibility of tapering MBS more quickly.</p><p><b>What is the impact of macroeconomics on the FOMC meeting?</b></p><p>Nomura believes that while non-farm payrolls grew strongly in July, it did not accelerate significantly, which may ease the pressure on the Fed to announce taper as soon as possible. In addition, the unexpected fall in core CPI inflation in July, the rampage of the Delta variant, and the deterioration of retail sales data are also thwarting the Fed from announcing taper as soon as possible.</p><p>At a press conference in July, Powell said the FOMC still needs to monitor eating out, travel, and the reopening of schools, although back-to-back waves of COVID tend to have less of an economic impact. Since the meeting, Nomura has argued that these concerns have become reality rather than risk.</p><p>What are the risks of this FOMC meeting?</p><p>Nomura believes that given that both June and July FOMC meetings were tougher than expected, the agency believes the July FOMC minutes could show a stronger-than-expected consensus to start taper as early as possible.</p><p>In this case, the strong consensus could lead to Powell's key speech on taper at the Jackson Hole Global Central Bank Conference.</p><p>Even so, economic data, comments from core attendees, and the need for \"advance notice\" all indicate that the barrier to gradual taper since September is still relatively high.</p><p>Therefore, Nomura thinks we believe that the July FOMC minutes will reveal some disagreement and consensus from people with tough voices, but core attendees and dovish participants will dominate the real landing of policy.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3638263\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3638263","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1124478475","content_text":"作者：于旭东\n美联储将于北京时间周四凌晨02:00（美国东部时间02:00）公布最近一次货币政策会议的纪要。当下距离杰克逊霍尔全球央行年会只剩一周时间，外界预期鲍威尔将借该次会议的机会宣布削减购债规模，所以市场需密切关注今天公布的会议纪要能否提供相关线索。目前，美联储每月购债额度为1200亿美元。\n近日，野村证券在一份研报中表达了对即将到来的美联储8月联邦公开市场委员会议息会议（FOMC）的看法。\n报告指出，野村证券预计联邦公开市场委员会将在第四季度宣布减少购债（taper）公告，其中最有可能是在今年12月宣布taper，而11月宣布taper的可能性也在加大。\n对于何时执行，野村认为美联储将在1月份开始逐渐减少购债的购买，并持续11个月；抵押贷款支持证券（MBS）减少购买将持续6个月。\n野村证券还表示，7月的联邦公开市场委员会会议纪要可能会包括联邦公开市场委员会参与者关于taper的技术细节的更重要的讨论，包括何时开始、缩减的速度，以及是否平等对待国债和MBS的购买较少。\n考虑到6月和7月FOMC会议比预期更为强硬，野村证券认为7月的会议纪要中有可能达成更强烈的共识，并在不久后将逐渐taper。\n值得注意的是，尽管自7月会议以来，美联储最近的讲话延续了鹰派呼吁提前taper的主题，但野村证券从核心层面上看不到有什么迹象表明第三季度可能会宣布taper。此外，通胀和新冠疫情的发展很可能也会使会议纪要老生常谈（并阻碍taper）。\ntaper的时间、规模、方式将如何？\n在7月的FOMC会议后，美联储调整了有关资产购买的措辞，以承认“经济在达到目标方面取得了进展。此外，联邦公开市场委员会将继续评估未来会议的进展。强调未来会议很重要，这表明至少要到11月才会结束探讨。\n在记者招待会上，美联储主席鲍威尔承认，委员会在7月份的会议上审议了一些关于在经济条件需要改变时如何调整资产购买的考虑，包括购买的速度和构成。\n自7月会议以来，美联储鹰派显然应该开始占上风，一些鹰派的联邦公开市场委员会参与者呼吁加快taper时间表，包括布拉德、沃勒、罗森格伦和卡普兰。这些参与者倾向于在9月的FOMC会议上宣布减量，但减量的开始时间和持续时间有所不同。\n尤其是布拉德和沃勒，他们都呼吁在大约5-6个月内实现相对快速的taper过程，而罗森格伦和卡普兰则更为谨慎，要求8-10个月。\n然而，除了鹰派之外，联邦公开市场委员会的核心成员，包括克拉里达和布雷纳德，都更加有耐心。\n在8月4日的一次演讲中，克拉里达重复了7月FOMC声明中的一些措辞，同时承认他可能会支持宣布在今年晚些时候taper。\n此外，布雷纳德州长强调，在做出任何FOMC的最终决定之前，需要先看看9月就业报告（定于10月8日发布），他同时还指出，自7月FOMC会议以来，由于新冠疫情的发展，经济下行风险现在更为明显。\n此外，博斯蒂克强调，鉴于美联储已承诺会提前发出taper通知，但这可能会带来沟通方面的挑战。这就是说，从“未来会议”到“今年晚些时候”措辞的演变可能反映出一种微妙的鹰派转变。\n除核心人员之外，鸽派参与者，包括达利、埃文斯和卡什卡里都表示，如果经济进展如预期，今年晚些时候将宣布taper。这表明，7月FOMC会议纪要可能会体现一个相对强烈的共识，即今年晚些时候宣布taper可能是适当的，但对确切的时间有不同的看法。\n自7月FOMC会议以来的鹰派声音表明，在会议记录的讨论中，可能会有一组与会者支持比预期更快的taper或宣布taper。这可能会在减量何时开始以及进展速度方面表现出来。当然，这样说的人有多少也很重要。\n除了最有可能在什么时候宣布taper外，监控每个与会者认为的taper规模也很重要，这意味着taper的速度和进度。许多与会者都认为在10-12个月左右的时间内逐渐taper比较合适，而一些与会者建议支持美联储更快地taper，这也增加美联储把握taper时机的灵活性。\n最后，对于如何减少购买美国国债与MBS，野村证券注意到，尽管鲍威尔似乎排除了先开始减少购买MBS的可能性，但他并不排除可能更快地缩减MBS。\n宏观经济对FOMC会议有何影响？\n野村证券认为，虽然7月非农就业人数增长强劲，但并没有显著加速，这可能减轻了美联储宣布尽快taper的压力。此外，7月核心CPI通胀意外下跌、德尔塔变体的肆虐、零售数据的恶化也在阻挠美联储尽快宣布taper。\n在7月的新闻发布会上，鲍威尔表示，尽管连续一波的新冠疫情往往对经济的影响较小，但联邦公开市场委员会仍需要监控外出就餐、旅行以及学校重新开放的问题。自会议以来，野村证券认为，这些担忧已成为现实而非风险。\n本次FOMC会议有何风险？\n野村证券认为，鉴于6月和7月的FOMC会议都比预期的更为强硬，该机构认为，7月的FOMC会议纪要可能会显示出比预期更强烈的共识，即尽早开始taper。\n在这种情况下，强烈的共识可能导致鲍威尔在杰克逊霍尔全球央行会议发表有关taper的关键演讲。\n即便如此，经济数据、核心与会者的评论、“提前通知”的必要性，都表明自9月份逐渐taper的障碍依然相对较高。\n因此，野村证券认为我们认为，7月的FOMC会议记录将揭示一些来自声音强硬的人士的不同意见和共识，但核心与会者和鸽派参与者将主导政策的真正落地。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839780709,"gmtCreate":1629181638701,"gmtModify":1676529956560,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"68","listText":"68","text":"68","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839780709","repostId":"1160450308","repostType":4,"repost":{"id":"1160450308","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629178964,"share":"https://ttm.financial/m/news/1160450308?lang=en_US&edition=fundamental","pubTime":"2021-08-17 13:42","market":"other","language":"zh","title":"Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1160450308","media":"老虎资讯综合","summary":"8月17日讯，恒生科技指数跌超3%，恒指跌超1.5%，新东方跌近10%。","content":"<p>On August 17th, the Hang Seng Technology Index fell by more than 3% and the Hang Seng Index fell by more than 1.5%.<a href=\"https://laohu8.com/S/09901\">New Oriental</a>It fell nearly 10%.<img src=\"https://static.tigerbbs.com/ded08728975191b888c9bda4a4129550\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ 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.h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHang Seng Index fell more than 1.5%, New Oriental fell nearly 10%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-17 13:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 17th, the Hang Seng Technology Index fell by more than 3% and the Hang Seng Index fell by more than 1.5%.<a href=\"https://laohu8.com/S/09901\">New Oriental</a>It fell nearly 10%.<img src=\"https://static.tigerbbs.com/ded08728975191b888c9bda4a4129550\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"513600":"恒生指数ETF南方","EDU":"新东方","09901":"新东方-S","HSTECH":"恒生科技指数","02833":"恒指ETF","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160450308","content_text":"8月17日讯，恒生科技指数跌超3%，恒指跌超1.5%，新东方跌近10%。","news_type":1,"symbols_score_info":{"513600":0.9,"09901":0.9,"HSImain":0.9,"MCHmain":0.9,"HSTECH":0.9,"HHImain":0.9,"EDU":0.9,"HSI":0.9,"MHImain":0.9,"02833":0.9}},"isVote":1,"tweetType":1,"viewCount":3203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896931133,"gmtCreate":1628550746322,"gmtModify":1703507828316,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896931133","repostId":"1115482984","repostType":4,"repost":{"id":"1115482984","kind":"news","pubTimestamp":1628514002,"share":"https://ttm.financial/m/news/1115482984?lang=en_US&edition=fundamental","pubTime":"2021-08-09 21:00","market":"us","language":"zh","title":"Rogers: The most brutal bear market in history may begin at this time","url":"https://stock-news.laohu8.com/highlight/detail?id=1115482984","media":" 腾讯美股","summary":"罗杰斯说道：“2008年时，股市的问题主要是在于，我们背负了太多债务。可是，2008年之后直至今天，债务更火箭一般窜升。因此，下一次我们遇到熊市时，只能比那次严酷得多。”\n\n现在，债券已经处在泡沫当中","content":"<p><b><i>Rogers said: \"In 2008, the problem with the stock market was mainly that we were saddled with too much debt. However, since 2008 and until today, debt has soared even more. So the next time we have a bear market, it can only be much harsher than that one.\"</i></b></p><p><img src=\"https://static.tigerbbs.com/a8632dfa3f7d3fb56cea770ea3ec93e9\" tg-width=\"1080\" tg-height=\"719\" referrerpolicy=\"no-referrer\"></p><p>Now bonds are in a bubble, and many stocks are bubbling, as are housing markets in South Korea, New Zealand and many other places, except for low commodity prices. In a recent interview, legendary investor Jim Rogers discussed his views on commodity investment, and predicted that by the end of 2021 or 2022, everything will be completely bubbled, and the ensuing bear market will eclipse all previous bear markets in history.</p><p>The following is the full text of the interview:</p><p>Q: One of the biggest news of late is that corporate America has become more cautious in the face of the Delta variant. Amazon, for example, has postponed the timeline for employees to return to work. However, it seems that the market simply doesn't think seriously about the new threat of the epidemic.</p><p>A: We have all seen that prices in almost any market in the world have gone above the horizon. This is unprecedented because central banks all over the world print so much money. I am not an expert on timing, but I am sure that everything will come to an end in the coming months. We will witness something unprecedented.</p><p>Q: Unlike stocks, commodity prices seem to be more sensitive to pandemic-related news, such as crude oil prices reacting immediately. Could the epidemic bring a domino effect to raw material prices, inflation and even corporate profits?</p><p>A: In fact, the lowest asset category in the world at present is commodities. Bond markets all over the world are already in a bubble. Equity markets are also beginning to form bubbles in many places. Housing markets in South Korea, New Zealand and many other places have also bubbled. Goods are still cheap, though. The price of silver is 50% lower than its all-time high, and the price of oil is 50% lower. I certainly can't predict the exact changes in oil prices this week, but given the continued decline in known reserves and the bursting of the fracking bubble, I think the oil market is expected to show strength in the coming months. Every day, every week is hard to predict, but we all know that oil prices have fallen a lot from their all-time highs.</p><p>Q; You say reserves dwindling, fracking bubbles bursting, these are all supply side factors, but what is the outlook on the demand side? The world is moving to electric cars and the like, moving away from fossil fuels. Doesn't this mean that the fundamentals of oil can no longer be so strong?</p><p>A: It is true that the future of our world belongs to electric vehicles, which is already clear, but the whole process will take a long time. Henry Ford's wife owned an electric car. She didn't like internal combustion engines and believed that electric cars marked the future, but it was more than a hundred years ago. Yes, electric cars in the true sense of the word are already here, but changes can't be done overnight either. At the same time, oil reserves have continued to decline. I certainly don't mean to ask everyone to rush to speculate on oil, but I really have not given up hope for oil prices.</p><p>Q: So what do you think of the long-term outlook for oil prices? Under what circumstances will you decide that the crude oil game has really come to an end?</p><p>Many alternative energy sources have come to us, especially solar energy, wind energy, tidal energy, etc., but it will take a long time for these to really develop. As I said earlier, oil prices are 50 percent off their all-time highs, and the world's proven reserves continue to decline. The fracturing bubble burst, while reserves were simultaneously dwindling. In view of this, I would not be surprised if oil prices jumped in the next two or three years because of supply and demand. We have to remember that the coin has two sides. Electric cars are indeed evolving, but it will take time, and the old Ford's wife has proven it.</p><p>Q: What is the situation with agricultural commodities, especially canteens? This also has something to do with defossilizing energy. Indian Prime Minister Narendra Modi is now pushing for ethanol-fueled cars. He hopes that all car fuels will be blended with 80% ethanol by 2025. What do you think of the future of sugar?</p><p>A: Speaking of ethanol-fueled cars, Brazilians are already trying to develop them. The Americans are also using corn as a raw material to exploit. Agricultural-based fuels are entirely feasible. We will have more electric vehicles, and the latter will benefit the prices of many commodities. Electric cars require several times more copper, lead and nickel than ordinary cars. In the same way, cars fueled by sugar or corn or other agricultural products will also increase demand for the corresponding commodities. The use of oil is decreasing. There are many ways to trade commodities, and again, as I said earlier, commodities are the cheapest of all major assets so far in 2021.</p><p>Q: You've been a long-time bull pie for silver and gold. Let's take a look back at what has happened in just two weeks. Real yields on U.S. Treasury Bond have fallen to new lows, and the US Dollar Index has been sluggish. It seems that everything is ready for the gold price rise, and all it needs is the east wind, but the rise has not happened. What do you think about this?</p><p>A: I haven't bought either silver or gold lately, but I want to emphasize again that I'm not a good trader. I am still waiting for the consolidation of silver and gold to deepen further. If I had to buy now, I would buy more silver than gold. Silver is 50% below its all-time high, while gold is only 10% away. In short, I certainly won't buy at the moment, but when I buy again, I will probably buy much more silver than gold.</p><p>Q: Do you still see the dollar as a safe haven, as you did in the past, or have you discovered other asset classes that are better than the dollar as a safe haven?</p><p>A: I still hold US dollars. The dollar had been lower for a while before the recent rally. When things go wrong, people will look for safe havens, and I estimate that they will invest dollars in return at least once or twice in the future. However, we must know that no reserve currency in history has sustained this status for a hundred or a hundred and fifty years. The dollar has been holding that identity for a while, and maybe it's all nearing the end. Of course, this will not happen this year, and it is unlikely that it will happen within two or three years, but given the alarming debt burden of the United States, this position of the dollar is actually very fragile.</p><p>Who can replace the dollar? I didn't know that. Yes, many people, including me, have invested in silver, but I still don't know which currency in the world can replace the US dollar. Of course, everyone is looking for a rival to the dollar, after all, the United States is already the number one debtor in global history.</p><p>Q: What is your judgment on the future direction of interest rates? How long can the current low interest rate policy of global central banks last under the threat of high inflation prospects?</p><p>A: Bonds are obviously in a bubble. Bond prices have never been more expensive in the history of the world we know, and it also needs to be seen that we are about to face higher interest rates. The major central banks will rack their brains to keep interest rates as low as possible, but sooner or later the market will say we don't care anymore and we don't want to play this game anymore.</p><p>Central bankers want to keep interest rates as low as possible, but there are mountains of debt everywhere. The supply of debt is staggering and inflation is coming. All these fundamentals point to interest rates. I'm not buying or shorting now, but there is no doubt that interest rates will have to go higher sooner or later, maybe not this quarter, but they will always not run in the next two or three years.</p><p>Q: As we all know, the European Central Bank has made it clear that negative interest rates will be around for longer, the Bank of England has also said that it is difficult for them to turn hawkish given the troubles of the Delta variant outbreak, and the US Federal Reserve has also said that rate hike is still a long way behind. What do you think? Are markets starting to sense the potential for a rate hike, and does that mean stocks are approaching their apex?</p><p>A: Sooner or later, there will be a day when the market will tell the central bank that we don't care, just add the rate hike when it is time. The market will always regain control of interest rates, and by then all stocks, real estate, loans, etc. will be in major trouble, because after the market gets control, interest rates will become very high. As I have said, the supply of bonds is surprisingly large now, and there will be more coming to the market in the future. Inflation is here too. These are the most fundamental fundamentals that will drive interest rates higher. As for the central bank, they have lost control many times in the past, and this time they will eventually lose it. By then, the stock market will have the worst bear market of my life.</p><p>In 2008, the problem with the stock market was mainly that we were saddled with too much debt. However, from 2008 to today, the debt has generally soared like a rocket. So the next time we have a bear market, it can only be much harsher than that one.</p><p>Q: We have seen that so far this year, emerging markets have not performed as well as developed countries. What do you think is causing this? And what do higher interest rates mean for emerging markets and developed countries?</p><p>These things often originate from the edge of the market, where people don't pay much attention. We have now seen some banks in emerging markets and some small countries in trouble. When Lehman Brothers went bankrupt in 2008, everyone knew trouble was coming, but in reality, problems had been brewing in many markets around the world for months before that. However, although there are signs of problems, I am not selling the stock because there are still many stocks in many markets around the world that are not bubbling.</p><p>My expectation is that eventually everything will go into a bubble, but that may not be until later this year, or maybe 2022, when the finale will also come and we will have a terrible big bear market. I'm not a doomsday prophet, I'm just saying that the size of debt today is even more alarming than it was in 2008, and that the next bear market will eclipse all other bear markets in history.</p>","source":"txmg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rogers: The most brutal bear market in history may begin at this time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRogers: The most brutal bear market in history may begin at this time\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\"> 腾讯美股</strong><span class=\"h-time small\">2021-08-09 21:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b><i>Rogers said: \"In 2008, the problem with the stock market was mainly that we were saddled with too much debt. However, since 2008 and until today, debt has soared even more. So the next time we have a bear market, it can only be much harsher than that one.\"</i></b></p><p><img src=\"https://static.tigerbbs.com/a8632dfa3f7d3fb56cea770ea3ec93e9\" tg-width=\"1080\" tg-height=\"719\" referrerpolicy=\"no-referrer\"></p><p>Now bonds are in a bubble, and many stocks are bubbling, as are housing markets in South Korea, New Zealand and many other places, except for low commodity prices. In a recent interview, legendary investor Jim Rogers discussed his views on commodity investment, and predicted that by the end of 2021 or 2022, everything will be completely bubbled, and the ensuing bear market will eclipse all previous bear markets in history.</p><p>The following is the full text of the interview:</p><p>Q: One of the biggest news of late is that corporate America has become more cautious in the face of the Delta variant. Amazon, for example, has postponed the timeline for employees to return to work. However, it seems that the market simply doesn't think seriously about the new threat of the epidemic.</p><p>A: We have all seen that prices in almost any market in the world have gone above the horizon. This is unprecedented because central banks all over the world print so much money. I am not an expert on timing, but I am sure that everything will come to an end in the coming months. We will witness something unprecedented.</p><p>Q: Unlike stocks, commodity prices seem to be more sensitive to pandemic-related news, such as crude oil prices reacting immediately. Could the epidemic bring a domino effect to raw material prices, inflation and even corporate profits?</p><p>A: In fact, the lowest asset category in the world at present is commodities. Bond markets all over the world are already in a bubble. Equity markets are also beginning to form bubbles in many places. Housing markets in South Korea, New Zealand and many other places have also bubbled. Goods are still cheap, though. The price of silver is 50% lower than its all-time high, and the price of oil is 50% lower. I certainly can't predict the exact changes in oil prices this week, but given the continued decline in known reserves and the bursting of the fracking bubble, I think the oil market is expected to show strength in the coming months. Every day, every week is hard to predict, but we all know that oil prices have fallen a lot from their all-time highs.</p><p>Q; You say reserves dwindling, fracking bubbles bursting, these are all supply side factors, but what is the outlook on the demand side? The world is moving to electric cars and the like, moving away from fossil fuels. Doesn't this mean that the fundamentals of oil can no longer be so strong?</p><p>A: It is true that the future of our world belongs to electric vehicles, which is already clear, but the whole process will take a long time. Henry Ford's wife owned an electric car. She didn't like internal combustion engines and believed that electric cars marked the future, but it was more than a hundred years ago. Yes, electric cars in the true sense of the word are already here, but changes can't be done overnight either. At the same time, oil reserves have continued to decline. I certainly don't mean to ask everyone to rush to speculate on oil, but I really have not given up hope for oil prices.</p><p>Q: So what do you think of the long-term outlook for oil prices? Under what circumstances will you decide that the crude oil game has really come to an end?</p><p>Many alternative energy sources have come to us, especially solar energy, wind energy, tidal energy, etc., but it will take a long time for these to really develop. As I said earlier, oil prices are 50 percent off their all-time highs, and the world's proven reserves continue to decline. The fracturing bubble burst, while reserves were simultaneously dwindling. In view of this, I would not be surprised if oil prices jumped in the next two or three years because of supply and demand. We have to remember that the coin has two sides. Electric cars are indeed evolving, but it will take time, and the old Ford's wife has proven it.</p><p>Q: What is the situation with agricultural commodities, especially canteens? This also has something to do with defossilizing energy. Indian Prime Minister Narendra Modi is now pushing for ethanol-fueled cars. He hopes that all car fuels will be blended with 80% ethanol by 2025. What do you think of the future of sugar?</p><p>A: Speaking of ethanol-fueled cars, Brazilians are already trying to develop them. The Americans are also using corn as a raw material to exploit. Agricultural-based fuels are entirely feasible. We will have more electric vehicles, and the latter will benefit the prices of many commodities. Electric cars require several times more copper, lead and nickel than ordinary cars. In the same way, cars fueled by sugar or corn or other agricultural products will also increase demand for the corresponding commodities. The use of oil is decreasing. There are many ways to trade commodities, and again, as I said earlier, commodities are the cheapest of all major assets so far in 2021.</p><p>Q: You've been a long-time bull pie for silver and gold. Let's take a look back at what has happened in just two weeks. Real yields on U.S. Treasury Bond have fallen to new lows, and the US Dollar Index has been sluggish. It seems that everything is ready for the gold price rise, and all it needs is the east wind, but the rise has not happened. What do you think about this?</p><p>A: I haven't bought either silver or gold lately, but I want to emphasize again that I'm not a good trader. I am still waiting for the consolidation of silver and gold to deepen further. If I had to buy now, I would buy more silver than gold. Silver is 50% below its all-time high, while gold is only 10% away. In short, I certainly won't buy at the moment, but when I buy again, I will probably buy much more silver than gold.</p><p>Q: Do you still see the dollar as a safe haven, as you did in the past, or have you discovered other asset classes that are better than the dollar as a safe haven?</p><p>A: I still hold US dollars. The dollar had been lower for a while before the recent rally. When things go wrong, people will look for safe havens, and I estimate that they will invest dollars in return at least once or twice in the future. However, we must know that no reserve currency in history has sustained this status for a hundred or a hundred and fifty years. The dollar has been holding that identity for a while, and maybe it's all nearing the end. Of course, this will not happen this year, and it is unlikely that it will happen within two or three years, but given the alarming debt burden of the United States, this position of the dollar is actually very fragile.</p><p>Who can replace the dollar? I didn't know that. Yes, many people, including me, have invested in silver, but I still don't know which currency in the world can replace the US dollar. Of course, everyone is looking for a rival to the dollar, after all, the United States is already the number one debtor in global history.</p><p>Q: What is your judgment on the future direction of interest rates? How long can the current low interest rate policy of global central banks last under the threat of high inflation prospects?</p><p>A: Bonds are obviously in a bubble. Bond prices have never been more expensive in the history of the world we know, and it also needs to be seen that we are about to face higher interest rates. The major central banks will rack their brains to keep interest rates as low as possible, but sooner or later the market will say we don't care anymore and we don't want to play this game anymore.</p><p>Central bankers want to keep interest rates as low as possible, but there are mountains of debt everywhere. The supply of debt is staggering and inflation is coming. All these fundamentals point to interest rates. I'm not buying or shorting now, but there is no doubt that interest rates will have to go higher sooner or later, maybe not this quarter, but they will always not run in the next two or three years.</p><p>Q: As we all know, the European Central Bank has made it clear that negative interest rates will be around for longer, the Bank of England has also said that it is difficult for them to turn hawkish given the troubles of the Delta variant outbreak, and the US Federal Reserve has also said that rate hike is still a long way behind. What do you think? Are markets starting to sense the potential for a rate hike, and does that mean stocks are approaching their apex?</p><p>A: Sooner or later, there will be a day when the market will tell the central bank that we don't care, just add the rate hike when it is time. The market will always regain control of interest rates, and by then all stocks, real estate, loans, etc. will be in major trouble, because after the market gets control, interest rates will become very high. As I have said, the supply of bonds is surprisingly large now, and there will be more coming to the market in the future. Inflation is here too. These are the most fundamental fundamentals that will drive interest rates higher. As for the central bank, they have lost control many times in the past, and this time they will eventually lose it. By then, the stock market will have the worst bear market of my life.</p><p>In 2008, the problem with the stock market was mainly that we were saddled with too much debt. However, from 2008 to today, the debt has generally soared like a rocket. So the next time we have a bear market, it can only be much harsher than that one.</p><p>Q: We have seen that so far this year, emerging markets have not performed as well as developed countries. What do you think is causing this? And what do higher interest rates mean for emerging markets and developed countries?</p><p>These things often originate from the edge of the market, where people don't pay much attention. We have now seen some banks in emerging markets and some small countries in trouble. When Lehman Brothers went bankrupt in 2008, everyone knew trouble was coming, but in reality, problems had been brewing in many markets around the world for months before that. However, although there are signs of problems, I am not selling the stock because there are still many stocks in many markets around the world that are not bubbling.</p><p>My expectation is that eventually everything will go into a bubble, but that may not be until later this year, or maybe 2022, when the finale will also come and we will have a terrible big bear market. I'm not a doomsday prophet, I'm just saying that the size of debt today is even more alarming than it was in 2008, and that the next bear market will eclipse all other bear markets in history.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/ZQHN04kynwSMO59PKBpggQ\"> 腾讯美股</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a8632dfa3f7d3fb56cea770ea3ec93e9","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/ZQHN04kynwSMO59PKBpggQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115482984","content_text":"罗杰斯说道：“2008年时，股市的问题主要是在于，我们背负了太多债务。可是，2008年之后直至今天，债务更火箭一般窜升。因此，下一次我们遇到熊市时，只能比那次严酷得多。”\n\n现在，债券已经处在泡沫当中，而许多股票也开始泡沫化，同样泡沫化的还有韩国、新西兰和许多其他地方的房市，唯有大宗商品价格还算低廉。近日接受采访时，传奇投资人罗杰斯（Jim Rogers）讨论了自己对商品投资的看法，并预言说，到2021年底或者2022年，所有一切都将彻底泡沫化，而接踵而至的熊市将令史上之前的所有熊市黯然失色。\n以下即访谈全文：\n问：近期，最重大的新闻之一就是，面对德尔塔变种病毒的来袭，美国企业界变得更加谨慎了。比如，亚马逊已经推迟了员工返回工作的时间表。可是看上去，市场似乎对疫情的全新威胁根本不以为然。\n答：我们都已经看到了，几乎世界任何地方的市场，价格都涨破了天际。这堪称是史无前例，因为全世界的央行印出了这么多的钞票。我并不是什么选时操作的行家里手，但是我确信，一切都会在未来几个月画上句号。我们将目睹前所未有的一幕。\n问：与股票有所不同，商品价格看上去对于疫情相关新闻更加敏感一些，比如原油价格当即就做出了反应。疫情是否可能会给原材料价格、通货膨胀，乃至企业盈利带去一场骨牌效应？\n答：事实上，当前全世界价格最低廉的资产门类正是大宗商品。全世界的债市都已经处在泡沫当中。许多地方的股市也开始形成泡沫。韩国、新西兰和不少其他地方的房市也泡沫化了。不过，商品依然廉价。银的价格与历史最高点相比低了50%，石油价格也低了50%。我当然预测不了油价本周的具体变化，不过鉴于已知的储量持续减少，而压裂泡沫已经破灭，因此我觉得，未来几个月来说，石油市场预计还会呈现出强势。每一天每一周的情况难以预测，但是我们都知道，油价与历史最高点相比已经下跌了很多。\n问；你说储量减少，压裂泡沫破灭，这些都是供应面因素，但是需求面前景如何呢？这个世界正在转向电动汽车之类，逐渐远离化石燃料。难道这不是说明，石油的基本面已经不可能再那么强势了吗？\n答：确实，我们这个世界的未来属于电动汽车，这已经很清楚了，但是整个过程还需要很长的时间。老福特（Henry Ford）的太太就有一部电动汽车，她不喜欢内燃机，坚信电动汽车才标志着未来，但是说起来，那都是一百多年前的事情了。是的，真正意义上的电动汽车已经来了，但是变化也不可能一夜间完成。与此同时，石油储备还在持续下滑。我的意思当然不是要大家都赶快去炒石油，但是我对于石油价格确实没有放弃希望。\n问：那么你对油价的长期前景怎么看？到了怎样的情况下，你才会认定原油游戏真的到了落幕的时候？\n许多替代性能源都来到了我们面前，尤其是太阳能、风能、潮汐能等，但是这些真正发展起来都需要很长时间。我前面说了，油价距离历史最高点有50%的差距，而全世界的已探明储量都在持续下滑。压裂法的泡沫破灭了，而储量同时在减少。有鉴于此，如果油价因为供求关系的缘故在未来两三年内大涨，我是丝毫不会感到吃惊的。我们要记住，硬币是有两面的。电动汽车确实在发展，但是这需要时间，老福特的太太已经证明了这一点。\n问：农业大宗商品，尤其是食堂的情况怎样？这也和去化石能源有一定关系。印度总理莫迪现在正力推燃料乙醇汽车，他希望到2025年，所有的汽车燃料都能够混合80%乙醇。你对食糖的前景怎么看？\n答：说起乙醇燃料汽车，巴西人已经在努力发展了。美国人也在以玉米为原料开发。基于农产品的燃料完全是可行的。我们将拥有更多电动汽车，后者将令许多大宗商品的价格从中获益。电动汽车需要的铜、铅、镍都要数倍于普通汽车。同理，以食糖或者玉米或者其他农产品为燃料的汽车，也会令相应商品需求大增。石油的使用则是递减的态势。要交易大宗商品，我们有许多方法可以选择，而且还是前面说的那句话，大宗商品是2021年迄今为止所有主要资产当中价格最为低廉的。\n问：你一直是白银和黄金的长期牛派。让我们来回顾一下过去短短两周时间都发生了什么。美国国债的真实收益率跌到了新低，美元指数表现也很低迷。看上去，黄金价格涨势已经是万事俱备，只欠东风了，但是涨势却没有发生。你对此怎么看？\n答：我最近白银和黄金两者都没有买进，但是我要再强调一下，我不是一个好的交易者。我还在等待白银和黄金的盘整行情进一步深化。如果非要我现在就买进，与黄金相比，我会更多买进白银。白银较之历史最高点，当前的价位低了50%，而黄金的距离只有10%。总之，我在当下当然是都不会买进的，但是当我再度买进，我买进的白银估计要比黄金多得多。\n问：你还是像过去那样，认为美元是一个避风港，或者是你已经发现了其他的资产门类，后者作为避风港比美元更加出色？\n答：我依然持有美元。在近期的涨势前，美元已经走低了一段时间。当局面出现问题，人们就会去寻找避风港，我估计，他们至少未来一两次之内，还会投入美元的回报。只不过，我们必须知道，历史上，没有任何一种储备货币能够持续保持这种身份一百年或者一百五十年。美元拥有这种身份已经一段时间了，也许一切已经快到了尾声了。当然，这不会在今年发生，也不大可能在两三年内，但是考虑到美国债务负担如此惊人，美元的这个地位其实已经很脆弱了。\n谁能够代替美元？我并不知道。是的，包括我在内，许多人都投资了白银，但是我依然不知道现在世界上有哪种货币可以取代美元。当然，大家都在寻找美元的竞争对手，毕竟美国已经是全球历史上的头号债务国。\n问：你对利率未来的走向有何判断？在高通货膨胀前景的威胁之下，全球央行当下的低利率政策还能够延续多久？\n答：债券显然是处在泡沫当中的。在我们已知的世界历史上，债价从未如此昂贵，而且还需要看到，我们即将面对更高的利率。各大央行会绞尽脑汁，尽可能保持低利率，但是市场迟早会说我们不在乎了，我们不想再玩这场游戏了。\n央行银行家们想要尽可能保持低利率，但是各处都已经债如山积。债务供应量惊人，通货膨胀就要来了。所有这些基本面都指向了利率，我现在不买进也不做空，但是毫无疑问，利率迟早必须走高，也许不是这个季度，但是未来两三年里总是没有跑的。\n问：众所周知，欧洲央行已经明确表示，负利率将存在更长时间，英国央行也说，鉴于德尔塔变种病毒疫情爆发的麻烦，他们很难转向鹰派，而美国联储也表示，加息还是很远之后的事情。你觉得呢？市场是否已经开始感知到加息的潜在可能，而这是否意味着股市正在接近顶点？\n答：迟早会有那么一天，市场将告诉央行说，我们不在乎，该加息就加吧。市场总会重新获得利率的控制权，而到那时候，所有的股票、房地产、贷款等就将遇到重大的麻烦，因为市场得到控制权之后，利率将变得非常高。我已经说了，现在债券的供应量大到惊人，而且未来还将有更多债券来到市场上。通货膨胀也在这里了。这些都是最基本的基本面，将会推动利率走高。至于央行，他们过去也曾经多次失去控制权，而这一次最终也将失去，到那时候，股市就将遭遇我一生时间当中最可怕的熊市了。\n2008年时，股市的问题主要是在于，我们背负了太多债务。可是，2008年之后直至今天，债务更火箭一般窜升。因此，下一次我们遇到熊市时，只能比那次严酷得多。\n问：我们看到，今年迄今为止，新兴市场的表现是不及发达国家的。你觉得这是什么造成的？还有，更高的利率对于新兴市场和发达国家又各自意味着什么？\n这些事情往往都缘起于市场的边缘，人们不怎么重视的地方。我们现在已经看到新兴市场的一些银行和一些小国家遇到麻烦。2008年的时候，雷曼兄弟破产了，所有人就都知道麻烦来了，但是实际上，在那之前，问题已经在世界许多市场上酝酿了数月之久了。不过，虽然出现了问题的迹象，但是我现在并没有因此卖掉股票，因为在世界许多市场上，依然有不少股票并没有泡沫化。\n我的预期是，最终所有一切都会进入泡沫阶段，但是那也许要等到今年晚些时候，或者是2022年，那时也将是大结局到来的时间，我们将遭遇一场可怕的大熊市。我不是什么末日预言家，我只是要说，今天的债务规模比起2008年来还要更加惊人，而下一次熊市将令历史上所有其他熊市黯然失色。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2894,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896997939,"gmtCreate":1628550605621,"gmtModify":1703507822529,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896997939","repostId":"1109758241","repostType":4,"repost":{"id":"1109758241","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628519607,"share":"https://ttm.financial/m/news/1109758241?lang=en_US&edition=fundamental","pubTime":"2021-08-09 22:33","market":"other","language":"zh","title":"[Change] Popular Chinese stocks soared, and shells rose by more than 14%","url":"https://stock-news.laohu8.com/highlight/detail?id=1109758241","media":"老虎资讯综合","summary":"8月9日，贝壳盘中涨幅扩大至14%，其它热门中概股中，网易涨超6%，高途、拼多多涨超4%，新东方涨超3%，京东、哔哩哔哩涨超2%。","content":"<p>On August 9,<a href=\"https://laohu8.com/S/BEKE\">Shell</a>The intraday gain expanded to 14%. Among other popular Chinese stocks,<a href=\"https://laohu8.com/S/NTES\">Netease</a>rose by more than 6%,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>rose by more than 4%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>rose by more than 3%,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 2%.</p><p><img src=\"https://static.tigerbbs.com/20bd24bdf387643c38ec0fbfa338eaa9\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>[Change] Popular Chinese stocks soared, and shells rose by more than 14%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Change] Popular Chinese stocks soared, and shells rose by more than 14%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-09 22:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 9,<a href=\"https://laohu8.com/S/BEKE\">Shell</a>The intraday gain expanded to 14%. Among other popular Chinese stocks,<a href=\"https://laohu8.com/S/NTES\">Netease</a>rose by more than 6%,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>rose by more than 4%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>rose by more than 3%,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 2%.</p><p><img src=\"https://static.tigerbbs.com/20bd24bdf387643c38ec0fbfa338eaa9\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{"TTTN":"老虎中美互联网巨头ETF","QNETCN":"纳斯达克中美互联网老虎指数","BEKE":"贝壳"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109758241","content_text":"8月9日，贝壳盘中涨幅扩大至14%，其它热门中概股中，网易涨超6%，高途、拼多多涨超4%，新东方涨超3%，京东、哔哩哔哩涨超2%。","news_type":1,"symbols_score_info":{"BEKE":0.9,"QNETCN":0.9,"TTTN":0.9}},"isVote":1,"tweetType":1,"viewCount":2883,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110111346,"gmtCreate":1622429920885,"gmtModify":1704184290704,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/110111346","repostId":"1173566565","repostType":4,"isVote":1,"tweetType":1,"viewCount":2231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328451188,"gmtCreate":1615554349544,"gmtModify":1704784472527,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328451188","repostId":"1133702203","repostType":4,"repost":{"id":"1133702203","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615537186,"share":"https://ttm.financial/m/news/1133702203?lang=en_US&edition=fundamental","pubTime":"2021-03-12 16:19","market":"us","language":"zh","title":"JD.COM is unanimously favored by big banks after its earnings report, and it is expected to still grow strongly this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1133702203","media":"老虎资讯综合","summary":"周四，京东集团发布了2020年四季度及全年财报：京东第四季度净营收2243亿元，同比增长31.4%；2020年全年，京东实现营收7458亿元，市场预期7405.8亿元；实现净利润494.05亿元，市场","content":"<p>On Thursday,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>The Group released its financial reports for the fourth quarter and the full year of 2020: JD.com's net revenue in the fourth quarter was 224.3 billion yuan, a year-on-year increase of 31.4%; For the whole year of 2020, JD.COM achieved revenue of 745.8 billion yuan, with the market expectation of 740.58 billion yuan; The net profit was 49.405 billion yuan, compared with the market expectation of 25.146 billion yuan.</p><p>On the same day, JD.COM's U.S. stocks opened higher and went lower, closing slightly up 0.76%; Today, JD.COM Hong Kong stocks opened higher and went down all the way, falling by more than 6% in the intraday session and closing down 4.82%.</p><p><img src=\"https://static.tigerbbs.com/7066e4833524baaa7b68f1bf1e785cbb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/0a50dd4d5b83dfd8c5ec0a3742bc7964\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Regarding JD.COM's financial report and future trend, all major banks have expressed their views. Tiger Information has the following statistics for you:</p><p><b>Rating Consensus Looks High</b></p><p><table><tbody><tr><td><b>organization</b></p><p></td><td><b>PERFORMANCE COMMENTS</b></p><p></td><td><b>Rating</b></p><p></td><td><b>Target Price</b></p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JEF\">Jefferies</a></b></p><p></td><td>JD.COM's existing operations have generated economies of scale, and its supply chain capabilities have performed outstanding under the competition, which is optimistic about the company's prospects.</p><p></td><td>Buy</p><p></td><td>US$110 (HK$426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a></b></p><p></td><td>It is estimated that JD.COM's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down its profit performance and plague investors in the short term.</p><p></td><td>Increase holdings</p><p></td><td>US$92 (HK$359)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b></p><p></td><td>JD.COM's performance in the last quarter was solid, so we need to pay attention to the management's performance guidance for the next quarter.</p><p></td><td>Increase holdings</p><p></td><td>US$110 (HK$426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/03329\">BOCOM International</a></b></p><p></td><td>Although the profit margin is under pressure in the short term, it is still bullish on the company's strong supply chain and technical capabilities.</p><p></td><td>Buy</p><p></td><td>3.0% upward to US$104 (HK$402)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/UBS\">UBS</a></b></p><p></td><td>It is believed that JD.COM will control investment expenditure, and the gross profit margin of the current core e-commerce business has improved. This year's revenue growth may be higher than expected.</p><p></td><td>Buy</p><p></td><td>4.8% upward to US$110 (HK$429)</p><p></td></tr><tr><td><b>Daiwa Securities</b></p><p></td><td>It is expected that JD.COM's revenue in the first quarter of this year will increase by 28% year-on-year, mainly benefiting from the \"local New Year\" policy and the rapid expansion of FMCG and online grocery markets.</p><p></td><td>Buy</p><p></td><td>HK$465</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/C\">Citigroup</a></b></p><p></td><td>Pay attention to the development of community group buying business in JD.COM and the gross profit margin this year.</p><p></td><td>Buy</p><p></td><td>2.6% upward to US$120 (HK$468)</p><p></td></tr><tr><td><b>Nomura</b></p><p></td><td>JD.com established Jingxi in the first quarter of this year to establish its supply chain and logistics network, and it is expected that revenue will grow strongly by 27% this year.</p><p></td><td>Buy</p><p></td><td>US$109 (HK$424)</p><p></td></tr></tbody></table><b>Positive performance expectations</b></p><p><b>Morgan Stanley: Concerns about new business weighing on profits</b></p><p>According to the research report published by Morgan Stanley, JD.COM Group's performance in the fourth quarter of last year was mixed, among which the profit calculated according to non-GAAP was better than expected, and the user growth was healthy. However, the gross profit margin and operating profit margin were inferior to expectations. It is estimated that the company's revenue growth in the first quarter of this year is strong, but the investment in new business may drag down the profit performance and plague investors in the short term.</p><p>It is also worth noting that annual active users increased by 30.4% to 472 million, with a net increase of 30 million in the fourth quarter, which was faster than that in the third quarter.</p><p>It is estimated that JD.COM's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down its profit performance and plague investors in the short term.</p><p><b><a href=\"https://laohu8.com/S/UBS\">UBS</a>: Gross profit margin of core e-commerce business improved, but short-term stock price may be under pressure, and revenue growth this year may be higher than expected</b></p><p>UBS said that JD.COM's decision to invest in community group buying will put pressure on the stock price in the short term, predicting that investors will take a wait-and-see attitude because it is uncertain whether JD.COM can compete with Meituan and<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Competition.</p><p>The bank believes that JD.COM will control investment expenditure, and at present, the gross profit margin of JD.COM's core e-commerce business has improved, and this year's revenue growth may be higher than expected.</p><p>The bank raised its target price on JD.com's ADRs from US$105 to US$110, maintaining a \"buy\" rating.</p><p><b>Jefferies: JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outperformed against competition</b></p><p>Jefferies pointed out that JD.COM's strong execution has been reflected in the acceleration of user growth, and most of the growth comes from lower-level cities. The bank pointed out that JD.COM has already been on a large scale in many projects, and the reorganization of Jingxi's business and community group buying investment are very important to the long-term development of the company.</p><p>The bank believes that JD.COM's existing operation has produced economies of scale, and its supply chain capability has performed outstanding under competition, which is optimistic about the company's prospects. The bank gave JD.COM a \"Buy\" rating, with a target price of US$110 for American depositary receipts and HK$426 for Hong Kong stocks.</p><p><b>BOCOM International: Revenue and number of users continued to grow at a high rate, and net profit margin increased steadily</b></p><p>BOCOM International pointed out that JD.COM's total revenue in the fourth quarter of last year was 224.3 billion yuan (RMB, the same below), up 31% year-on-year, exceeding market expectations by 2%, and its adjusted net profit margin was 1.1%, which was better than 0.5% in the same period of 2019, mainly benefiting from the improvement of operational efficiency. Based on the improvement of new business valuation and the increase of investment value, although the profit margin is under pressure in the short term, it is still optimistic about the company's strong supply chain and technical capabilities.</p><p>The bank expects that the company's self-operated income in the first quarter will increase by 28% year-on-year, and the \"local New Year\" policy during the Spring Festival will bring a strong growth in GMV. Management expects the gross profit margin to remain stable and the category mix to improve in 2021, offset by investment in logistics infrastructure, especially in lower-tier cities. Considering the continuous infrastructure investment and marketing expenditure to further enhance users' purchasing mindset, it is expected that the net profit margin in the first quarter will decline by 1% year-on-year.</p><p><b>Daiwa Securities: Expected User Growth Momentum Remains Strong</b></p><p>Daiwa released a research report on JD.COM, saying that it is expected that the company's user growth momentum will remain strong this year, and its ARPU will also rise, which will lead the bank and the market to raise its 2021 revenue forecast.<a href=\"https://laohu8.com/S/JD\">Jingdong</a>Further gain market share in the local retail market.</p><p>Daiwa said that the company's user growth will remain strong in the first half of this year, with its daily active users rising by 30% year-on-year in the fourth quarter of last year, of which more than 80% of new users come from low-tier cities. It is expected that revenue in the first quarter of this year will rise by 28% year-on-year, mainly due to the government's \"New Year in Place\" policy of Lunar New Year and JD.COM's rapid expansion in the FMCG and online grocery markets.</p><p><b>Nomura Securities: Company's Retail Valuation of $1,000</b></p><p>Nomura Research Report mentioned that in the fourth quarter of last year, JD.COM's non-GAAP earnings per share rose by 174% year-on-year, which was higher than the market and the bank's expectations. Its revenue rose by 31% year-on-year, which was also higher than the market expectations, mainly driven by the strong growth of the company's retail and new business revenue.</p><p>The bank said that for the e-commerce industry, this year is the investment year, and the grocery business in the low-end market will become the main battlefield. The company has become a giant to enter this competitive field. The company established Jingxi in the first quarter of this year to establish a supply chain and logistics network. It is expected that the revenue this year is expected to increase strongly by 27%. Based on the compound annual growth rate of operating profit in 2021-23 of 30% and the P/E in 2021 of 31 times, the company's retail valuation will reach 100 billion USD.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD.COM is unanimously favored by big banks after its earnings report, and it is expected to still grow strongly this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD.COM is unanimously favored by big banks after its earnings report, and it is expected to still grow strongly this year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-12 16:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Thursday,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>The Group released its financial reports for the fourth quarter and the full year of 2020: JD.com's net revenue in the fourth quarter was 224.3 billion yuan, a year-on-year increase of 31.4%; For the whole year of 2020, JD.COM achieved revenue of 745.8 billion yuan, with the market expectation of 740.58 billion yuan; The net profit was 49.405 billion yuan, compared with the market expectation of 25.146 billion yuan.</p><p>On the same day, JD.COM's U.S. stocks opened higher and went lower, closing slightly up 0.76%; Today, JD.COM Hong Kong stocks opened higher and went down all the way, falling by more than 6% in the intraday session and closing down 4.82%.</p><p><img src=\"https://static.tigerbbs.com/7066e4833524baaa7b68f1bf1e785cbb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/0a50dd4d5b83dfd8c5ec0a3742bc7964\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Regarding JD.COM's financial report and future trend, all major banks have expressed their views. Tiger Information has the following statistics for you:</p><p><b>Rating Consensus Looks High</b></p><p><table><tbody><tr><td><b>organization</b></p><p></td><td><b>PERFORMANCE COMMENTS</b></p><p></td><td><b>Rating</b></p><p></td><td><b>Target Price</b></p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JEF\">Jefferies</a></b></p><p></td><td>JD.COM's existing operations have generated economies of scale, and its supply chain capabilities have performed outstanding under the competition, which is optimistic about the company's prospects.</p><p></td><td>Buy</p><p></td><td>US$110 (HK$426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a></b></p><p></td><td>It is estimated that JD.COM's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down its profit performance and plague investors in the short term.</p><p></td><td>Increase holdings</p><p></td><td>US$92 (HK$359)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b></p><p></td><td>JD.COM's performance in the last quarter was solid, so we need to pay attention to the management's performance guidance for the next quarter.</p><p></td><td>Increase holdings</p><p></td><td>US$110 (HK$426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/03329\">BOCOM International</a></b></p><p></td><td>Although the profit margin is under pressure in the short term, it is still bullish on the company's strong supply chain and technical capabilities.</p><p></td><td>Buy</p><p></td><td>3.0% upward to US$104 (HK$402)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/UBS\">UBS</a></b></p><p></td><td>It is believed that JD.COM will control investment expenditure, and the gross profit margin of the current core e-commerce business has improved. This year's revenue growth may be higher than expected.</p><p></td><td>Buy</p><p></td><td>4.8% upward to US$110 (HK$429)</p><p></td></tr><tr><td><b>Daiwa Securities</b></p><p></td><td>It is expected that JD.COM's revenue in the first quarter of this year will increase by 28% year-on-year, mainly benefiting from the \"local New Year\" policy and the rapid expansion of FMCG and online grocery markets.</p><p></td><td>Buy</p><p></td><td>HK$465</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/C\">Citigroup</a></b></p><p></td><td>Pay attention to the development of community group buying business in JD.COM and the gross profit margin this year.</p><p></td><td>Buy</p><p></td><td>2.6% upward to US$120 (HK$468)</p><p></td></tr><tr><td><b>Nomura</b></p><p></td><td>JD.com established Jingxi in the first quarter of this year to establish its supply chain and logistics network, and it is expected that revenue will grow strongly by 27% this year.</p><p></td><td>Buy</p><p></td><td>US$109 (HK$424)</p><p></td></tr></tbody></table><b>Positive performance expectations</b></p><p><b>Morgan Stanley: Concerns about new business weighing on profits</b></p><p>According to the research report published by Morgan Stanley, JD.COM Group's performance in the fourth quarter of last year was mixed, among which the profit calculated according to non-GAAP was better than expected, and the user growth was healthy. However, the gross profit margin and operating profit margin were inferior to expectations. It is estimated that the company's revenue growth in the first quarter of this year is strong, but the investment in new business may drag down the profit performance and plague investors in the short term.</p><p>It is also worth noting that annual active users increased by 30.4% to 472 million, with a net increase of 30 million in the fourth quarter, which was faster than that in the third quarter.</p><p>It is estimated that JD.COM's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down its profit performance and plague investors in the short term.</p><p><b><a href=\"https://laohu8.com/S/UBS\">UBS</a>: Gross profit margin of core e-commerce business improved, but short-term stock price may be under pressure, and revenue growth this year may be higher than expected</b></p><p>UBS said that JD.COM's decision to invest in community group buying will put pressure on the stock price in the short term, predicting that investors will take a wait-and-see attitude because it is uncertain whether JD.COM can compete with Meituan and<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Competition.</p><p>The bank believes that JD.COM will control investment expenditure, and at present, the gross profit margin of JD.COM's core e-commerce business has improved, and this year's revenue growth may be higher than expected.</p><p>The bank raised its target price on JD.com's ADRs from US$105 to US$110, maintaining a \"buy\" rating.</p><p><b>Jefferies: JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outperformed against competition</b></p><p>Jefferies pointed out that JD.COM's strong execution has been reflected in the acceleration of user growth, and most of the growth comes from lower-level cities. The bank pointed out that JD.COM has already been on a large scale in many projects, and the reorganization of Jingxi's business and community group buying investment are very important to the long-term development of the company.</p><p>The bank believes that JD.COM's existing operation has produced economies of scale, and its supply chain capability has performed outstanding under competition, which is optimistic about the company's prospects. The bank gave JD.COM a \"Buy\" rating, with a target price of US$110 for American depositary receipts and HK$426 for Hong Kong stocks.</p><p><b>BOCOM International: Revenue and number of users continued to grow at a high rate, and net profit margin increased steadily</b></p><p>BOCOM International pointed out that JD.COM's total revenue in the fourth quarter of last year was 224.3 billion yuan (RMB, the same below), up 31% year-on-year, exceeding market expectations by 2%, and its adjusted net profit margin was 1.1%, which was better than 0.5% in the same period of 2019, mainly benefiting from the improvement of operational efficiency. Based on the improvement of new business valuation and the increase of investment value, although the profit margin is under pressure in the short term, it is still optimistic about the company's strong supply chain and technical capabilities.</p><p>The bank expects that the company's self-operated income in the first quarter will increase by 28% year-on-year, and the \"local New Year\" policy during the Spring Festival will bring a strong growth in GMV. Management expects the gross profit margin to remain stable and the category mix to improve in 2021, offset by investment in logistics infrastructure, especially in lower-tier cities. Considering the continuous infrastructure investment and marketing expenditure to further enhance users' purchasing mindset, it is expected that the net profit margin in the first quarter will decline by 1% year-on-year.</p><p><b>Daiwa Securities: Expected User Growth Momentum Remains Strong</b></p><p>Daiwa released a research report on JD.COM, saying that it is expected that the company's user growth momentum will remain strong this year, and its ARPU will also rise, which will lead the bank and the market to raise its 2021 revenue forecast.<a href=\"https://laohu8.com/S/JD\">Jingdong</a>Further gain market share in the local retail market.</p><p>Daiwa said that the company's user growth will remain strong in the first half of this year, with its daily active users rising by 30% year-on-year in the fourth quarter of last year, of which more than 80% of new users come from low-tier cities. It is expected that revenue in the first quarter of this year will rise by 28% year-on-year, mainly due to the government's \"New Year in Place\" policy of Lunar New Year and JD.COM's rapid expansion in the FMCG and online grocery markets.</p><p><b>Nomura Securities: Company's Retail Valuation of $1,000</b></p><p>Nomura Research Report mentioned that in the fourth quarter of last year, JD.COM's non-GAAP earnings per share rose by 174% year-on-year, which was higher than the market and the bank's expectations. Its revenue rose by 31% year-on-year, which was also higher than the market expectations, mainly driven by the strong growth of the company's retail and new business revenue.</p><p>The bank said that for the e-commerce industry, this year is the investment year, and the grocery business in the low-end market will become the main battlefield. The company has become a giant to enter this competitive field. The company established Jingxi in the first quarter of this year to establish a supply chain and logistics network. It is expected that the revenue this year is expected to increase strongly by 27%. Based on the compound annual growth rate of operating profit in 2021-23 of 30% and the P/E in 2021 of 31 times, the company's retail valuation will reach 100 billion USD.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b873b4329b7b17b0926c02bec2748c1d","relate_stocks":{"09618":"京东集团-SW","JD":"京东"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133702203","content_text":"周四，京东集团发布了2020年四季度及全年财报：京东第四季度净营收2243亿元，同比增长31.4%；2020年全年，京东实现营收7458亿元，市场预期7405.8亿元；实现净利润494.05亿元，市场预期251.46亿元。当日京东美股高开低走，小幅收涨0.76%；今日京东港股高开后一路走低，盘中跌超6%，收盘跌4.82%。对于京东这份财报及未来走势，各大行都发表了自己的看法，老虎资讯为您统计如下：评级一致看高机构业绩点评评级目标价杰富瑞京东现有营运已产生规模效应，供应链能力在竞争下表现突出，看好公司前景。买入110美元(426港元)摩根士丹利估计京东今年首季收入增长强劲，但恐新业务投资会拖累利润表现，短期内或困扰投资者。增持92美元(359港元)摩根大通京东上季度业绩稳固，需关注管理层对下季度做出的业绩指引。增持110美元(426港元)交银国际尽管短期内利润率承压，但仍看好公司强大的供应链和技术能力。买入上调3.0%至104美元(402港元)瑞银相信京东会控制投资支出，且当前核心电商业务毛利率改善，今年的收入增长可能高于预期。买入上调4.8%至110美元(429港元)大和证券预计京东今年一季收入同比升28%，主要受惠于“就地过年”政策及在快速消费品及线上杂货市场的快速扩张等。买入465港元花旗关注京东的社区团购业务发展，及今年的毛利率情况。买入上调2.6%至120美元(468港元)野村京东于今年首季成立京喜，以建立供应链及物流网络，预期今年收入可望强劲增长27%。买入109美元(424港元)业绩预期向好摩根士丹利：担忧新业务拖累利润大摩发表的研究报告指，京东集团去年第四季业绩好坏参半，其中按非通用会计准则计算利润胜预期，加上用户增长健康，不过毛利率及经营利润率均逊预期，估计公司今年首季收入增长强劲，惟新业务投资或会拖累利润表现，短期或困扰投资者。另外值得留意的是年度活跃用户增长30.4%至4.72亿户，当中第四季净增3,000万户，较第三季有所加快。估计京东今年首季收入增长强劲，但恐新业务投资会拖累利润表现，短期内或困扰投资者。瑞银：核心电商业务毛利率改善，但短期股价或有压力，今年收入增长或高于预期瑞银表示，京东决定投资社区团购，短期将为股价带来压力，预测投资者将抱观望态度，因不确定京东能否与美团及拼多多竞争。该行相信京东会控制投资支出，且当前京东的核心电商业务毛利率改善，今年的收入增长可能高于预期。该行上调对京东美国预托证券目标价，由105美元上调至110美元，维持「买入」评级。杰富瑞：京东现有营运已产生规模效应，供应链能力在竞争下表现突出杰富瑞指，京东的强劲执行力已在用户增长加速上反映，且大部分增长来自于较低级别城市。该行指京东在多个项目上已经具有规模性，晶溪业务的重整及社区团购投资对公司长远发展非常重要。该行认为，京东现有营运已产生规模效应，供应链能力在竞争下表现突出，看好公司前景。该行给予京东「买入」评级，对美国预托证券目标价110美元，港股目标价426港元。交银国际：收入与用户数持续高增长，净利率稳步提升交银国际指出，京东去年第四季度总收入2243亿元(人民币，下同)，同比增31%，超出市场预期2%，经调整净利润率1.1%，较2019年同期的0.5%为佳，主要受益于运营效率的提高。基于新业务估值提升和投资价值增加，尽管短期内利润率承压，但仍看好公司强大的供应链和技术能力。该行预计，公司首季度自营收入同比增28%，春节期间的“就地过年”政策带来GMV的强劲增长。管理层预计2021年毛利率持稳，品类结构不断改善，但被物流基础设施的投资所抵销，特别是在低线城市。考虑持续的基础设施投资以及营销支出，以进一步提升用户购买心智，预计首季度净利润率将同比下滑1%。大和证券：预期用户增长势头维持强劲大和发布针对京东的研究报告中称，预期公司的用户增长势头将在今年维持强劲，其ARPU也会上升，将令该行及市场上调其2021年收入预测，也见证京东在本地零售市场中进一步获得市场份额。大和表示，公司的用户增长将在今年上半年维持强劲，其去年第四季日活跃用户同比升30%，当中超80%新用户来自低线城市。预计今年第一季收入同比升28%，主要受惠于政府农历新年的“就地过年”政策及京东在快速消费品及线上杂货市场的快速扩张等。野村证券：公司零售估值1000以美元野村研报提到，京东去年第四季度非通用会计准则每股盈利同比升174%，高于市场及该行预期，收入同比升31%，也高于市场预期，主要受公司零售及新业务收入强劲增长带动。该行表示，对于电商行业，今年是投资年，低端市场的杂货业务将成为主要战场，公司已成为巨头可进入此竞争领域，而公司于今年首季成立京喜，以建立供应链及物流网络，预期今年收入可望强劲增长27%，按2021-23年度营运盈利复合年增长率30%，以及2021年度市盈率31倍计算，公司零售估值达1000亿美元。","news_type":1,"symbols_score_info":{"JD":0.9,"09618":0.9}},"isVote":1,"tweetType":1,"viewCount":2626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363947567,"gmtCreate":1614092272759,"gmtModify":1704888047479,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363947567","repostId":"1142459372","repostType":4,"repost":{"id":"1142459372","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614082293,"share":"https://ttm.financial/m/news/1142459372?lang=en_US&edition=fundamental","pubTime":"2021-02-23 20:11","market":"us","language":"zh","title":"XPeng Motors shareholders are rumored to place 10.5 million ADR shares","url":"https://stock-news.laohu8.com/highlight/detail?id=1142459372","media":"老虎资讯综合","summary":"市场消息：小鹏汽车股东Shanghai Cheyou Enterprise Management据悉将配售1050万股ADR，本次配售价格为每ADS 35.25-35.75美元。小鹏汽车盘前跌幅扩大，","content":"<p>Market News:<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Shareholder Shanghai Cheyou Enterprise Management is reported to be placing 10.5 million ADR shares at a price of US$35.25-35.75 per ADS.</p><p>XPeng Motors' pre-market decline widened and is now down more than 6%.</p><p><img src=\"https://static.tigerbbs.com/8cccf9735ee5ccb09bba2d38827531ef\" tg-width=\"853\" tg-height=\"805\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng Motors shareholders are rumored to place 10.5 million ADR shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Motors shareholders are rumored to place 10.5 million ADR shares\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-02-23 20:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Market News:<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Shareholder Shanghai Cheyou Enterprise Management is reported to be placing 10.5 million ADR shares at a price of US$35.25-35.75 per ADS.</p><p>XPeng Motors' pre-market decline widened and is now down more than 6%.</p><p><img src=\"https://static.tigerbbs.com/8cccf9735ee5ccb09bba2d38827531ef\" tg-width=\"853\" tg-height=\"805\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8a7cf240033f083a329240e6179df017","relate_stocks":{"XPEV":"小鹏集团"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142459372","content_text":"市场消息：小鹏汽车股东Shanghai Cheyou Enterprise Management据悉将配售1050万股ADR，本次配售价格为每ADS 35.25-35.75美元。小鹏汽车盘前跌幅扩大，现跌超6%。","news_type":1,"symbols_score_info":{"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":2572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382264610,"gmtCreate":1613454193330,"gmtModify":1704880633665,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382264610","repostId":"1137620666","repostType":4,"repost":{"id":"1137620666","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1613438586,"share":"https://ttm.financial/m/news/1137620666?lang=en_US&edition=fundamental","pubTime":"2021-02-16 09:23","market":"hk","language":"zh","title":"Opening: Good opening in the Year of the Ox! HSI opens 1.66% higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1137620666","media":"老虎资讯综合","summary":"2月16日讯，港股牛年首日开盘，A股继续休市。恒指涨1.66%报30675点，国指涨1.53%报12062点，恒生科技指数涨2.01%报10620点。盘面上，春节档电影票房创历史新高，影视娱乐股集体高","content":"<p>On February 16th, Hong Kong stocks opened on the first day of the Year of the Ox, and A shares continued to be closed. The Hang Seng Index rose 1.66% to 30,675 points, the HSI rose 1.53% to 12,062 points, and the Hang Seng Technology Index rose 2.01% to 10,620 points.</p><p>On the disk, the box office of Spring Festival files hit a record high, and film and television entertainment stocks opened higher collectively.<a href=\"https://laohu8.com/S/01896\">Maoyan Entertainment</a>A surge of nearly 15%,<a href=\"https://laohu8.com/S/01060\">Alibaba Pictures</a>It has risen by more than 10%. According to statistics, the total box office of Spring Festival files in mainland China has exceeded 6 billion yuan, and IMAX has also recorded the best Spring Festival file in history; Sporting goods stocks, local Hong Kong stocks, power stocks, semiconductor stocks, oil stocks, banking stocks and other collective gains,<a href=\"https://laohu8.com/S/03968\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/STAN.UK\">Standard Chartered Group</a>Both rose by more than 3%; Big technology stocks strengthened, Meituan opened more than 2% higher and continued to hit a new high price,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Xiaomi, Xiaomi and JD.COM all opened higher by more than 1%, while gambling stocks and catering stocks generally fell, while Xiabuxiabu open low was 1.6%.<img src=\"https://static.tigerbbs.com/6894b373febc1d93f07bbf978f8b0a57\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/00019\">Swire Pacific Limited A</a>It opened 9.43% higher, recording the biggest increase since 2009.</p><p><a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>Group<a href=\"https://laohu8.com/S/01179\">$(01179)$</a>Up 7.81%, the company denied the allegation that short-selling agency Bonitas short-selling report, saying that an internal investigation found no material misstatement in the prospectus.</p><p><a href=\"https://laohu8.com/S/02096\">Simcere Pharma</a>Up 5.6%, the partner G1 Therapeutics small cell carcinoma anti-myelosuppressive drug has been approved by the FDA.</p><p><a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>Continued to rise 6.3%, surging 21% in the previous trading day, and recently<a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>ARKF, a fund of ARK, opened a position to buy 497,000 shares.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: Good opening in the Year of the Ox! HSI opens 1.66% higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: Good opening in the Year of the Ox! HSI opens 1.66% higher\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-02-16 09:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On February 16th, Hong Kong stocks opened on the first day of the Year of the Ox, and A shares continued to be closed. The Hang Seng Index rose 1.66% to 30,675 points, the HSI rose 1.53% to 12,062 points, and the Hang Seng Technology Index rose 2.01% to 10,620 points.</p><p>On the disk, the box office of Spring Festival files hit a record high, and film and television entertainment stocks opened higher collectively.<a href=\"https://laohu8.com/S/01896\">Maoyan Entertainment</a>A surge of nearly 15%,<a href=\"https://laohu8.com/S/01060\">Alibaba Pictures</a>It has risen by more than 10%. According to statistics, the total box office of Spring Festival files in mainland China has exceeded 6 billion yuan, and IMAX has also recorded the best Spring Festival file in history; Sporting goods stocks, local Hong Kong stocks, power stocks, semiconductor stocks, oil stocks, banking stocks and other collective gains,<a href=\"https://laohu8.com/S/03968\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/STAN.UK\">Standard Chartered Group</a>Both rose by more than 3%; Big technology stocks strengthened, Meituan opened more than 2% higher and continued to hit a new high price,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Xiaomi, Xiaomi and JD.COM all opened higher by more than 1%, while gambling stocks and catering stocks generally fell, while Xiabuxiabu open low was 1.6%.<img src=\"https://static.tigerbbs.com/6894b373febc1d93f07bbf978f8b0a57\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/00019\">Swire Pacific Limited A</a>It opened 9.43% higher, recording the biggest increase since 2009.</p><p><a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>Group<a href=\"https://laohu8.com/S/01179\">$(01179)$</a>Up 7.81%, the company denied the allegation that short-selling agency Bonitas short-selling report, saying that an internal investigation found no material misstatement in the prospectus.</p><p><a href=\"https://laohu8.com/S/02096\">Simcere Pharma</a>Up 5.6%, the partner G1 Therapeutics small cell carcinoma anti-myelosuppressive drug has been approved by the FDA.</p><p><a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>Continued to rise 6.3%, surging 21% in the previous trading day, and recently<a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>ARKF, a fund of ARK, opened a position to buy 497,000 shares.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5b3b5e72649367d0aafd9bcbbca9bcd1","relate_stocks":{"HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137620666","content_text":"2月16日讯，港股牛年首日开盘，A股继续休市。恒指涨1.66%报30675点，国指涨1.53%报12062点，恒生科技指数涨2.01%报10620点。盘面上，春节档电影票房创历史新高，影视娱乐股集体高开，猫眼娱乐大涨近15%，阿里影业涨超10%，据统计，中国大陆春节档总票房已超60亿元，IMAX也录得有史以来票房最佳春节档；体育用品股、香港本地股、电力股、半导体股、石油股、银行股等集体上涨，招商银行、渣打集团均升超3%；大型科技股走强，美团高开逾2%续创新高价，阿里巴巴、小米、京东皆高开超1%，濠赌股、餐饮股普遍下跌，呷哺呷哺低开1.6%。太古股份公司A高开9.43%，录得2009年以来最大涨幅。华住集团$(01179)$涨7.81%，公司否认沽空机构Bonitas沽空报告指控，表示内部调查没有发现招股章程出现重大错误陈述。先声药业涨5.6%，合作伙伴G1 Therapeutics小细胞癌防骨髓抑制药物已获得FDA批准。平安好医生续涨6.3%，上一交易日大涨21%，近期平安好医生获ARK旗下基金ARKF开仓买入49.7万股。","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":2959,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313986268,"gmtCreate":1611653604554,"gmtModify":1704861714034,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"678","listText":"678","text":"678","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313986268","repostId":"1156068922","repostType":4,"isVote":1,"tweetType":1,"viewCount":2684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319809098,"gmtCreate":1611563053614,"gmtModify":1704860721644,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"669","listText":"669","text":"669","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319809098","repostId":"1142406984","repostType":4,"repost":{"id":"1142406984","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1611535430,"share":"https://ttm.financial/m/news/1142406984?lang=en_US&edition=fundamental","pubTime":"2021-01-25 08:43","market":"sh","language":"zh","title":"Is it time to be wary of the second wave of A-share backlash?","url":"https://stock-news.laohu8.com/highlight/detail?id=1142406984","media":"格隆汇投资学苑","summary":"上周，A股各大指数纷纷放量上涨，再次创下3636.24点的新高，只有周五指数迎来调整，并没有影响某些龙头个股抱团的筹码松动。\n\n那么反噬何来呢？\n首先，反噬并不是意味着崩盘，只是市场震荡的汇总词，相较","content":"<p>Last week, the major A-share indexes rose in volume, hitting a new high of 3636.24 points again. Only Friday's index ushered in an adjustment, which did not affect the loosening of chips of some leading stocks.</p><p><img src=\"https://static.tigerbbs.com/702df60bec1d90650ebca5a00972b03a\" tg-width=\"1080\" tg-height=\"452\"></p><p><b>So where did the backlash come from?</b></p><p>First of all, backlash does not mean collapse, but just a summary word of market shock. Compared with before, buying a company, if it is at the top or not taken seriously by market funds, basically does not run with a decline of more than 6%. This is a very common phenomenon. In the process of agitation in the spring of 2021, A shares ushered in a wave of group adjustment in the second week of January.</p><p><b>Something like:<a href=\"https://laohu8.com/S/601012\">LONGi</a>down 6.65% (1/14),<a href=\"https://laohu8.com/S/300750\">CATL</a>It has fallen by more than 8% (1/14, 1/15) in two days, the Wind Liquor Index has fallen by more than 10% so far, and the Wind Military Index has fallen by more than 15% so far.</b></p><p>In 2021, the three main lines of the market: liquor, military industry and new energy. On January 10th, many leading stocks were hammered. Until now, only the new energy line is still running as a whole, liquor is still adjusting, and only a small number of stocks in the military industry are strong.</p><p><b>This is known as the first backlash.</b></p><p>If we had to look for the reasons, it would be just those points:<b>The industry of Baotuan has risen too much to digest the profit plate. At the same time, the \"provincial and port cavalry\" has greatly gone south to raise the emotional disturbance of the technical adjustment zone of the Hang Seng Index.</b></p><p>From the disk alone, the index did not plummet, but fluctuated in a certain range, but investors were miserable. There is such a data that as of last week, the average retail investors lost 100,000 this year.</p><p>Among these 100,000, some of them were caused by the decline of continuous blood drawing stocks caused by the failure to lie in the industry, and the other part was caused by the adjustment of the industry last week. After all, once adjusted, basically more than 7% of the callback, the shock is more severe than before.<b>As far as investors are concerned, many times the money earned at 3,000 points is not lost once or twice at 3,500 points.</b></p><p>So, today's article will take a look at the current trend of institutional differentiation. We should also be alert to whether there is a second backlash at the high level of Baotuan stocks. You know, the current accumulated emotions of new energy are getting hotter day by day.</p><p>For example, CATL 208 times,<a href=\"https://laohu8.com/S/002594\">BYD</a>410 times,<a href=\"https://laohu8.com/S/01772\">Ganfeng Lithium</a>522 times,<a href=\"https://laohu8.com/S/300014\">Yiwei Lithium Energy</a>137 times, although Longi shares,<a href=\"https://laohu8.com/S/600438\">Tongwei Shares</a>The PE of two photovoltaic Ssangyong is still around 80, but once the emotion of a leading stock is released, other companies are easily driven, and the adjustment of about 10% is not surprising.</p><p><b>1、</b><b><b>Where did the funds go?</b></b></p><p>Before talking about this question, we have to look at the volume and energy: the current market volume and energy are still in a very healthy state. In the case of a certain shrinkage last week, the turnover returned to a trillion this week, indicating that the market is still rich.</p><p>At the same time, the incremental funds since the beginning of the year are very obvious, that is, the newly raised funds, and the scale of the establishment of new funds exceeds 100 billion yuan. Coupled with the accelerated entry of future pensions, the new money coming in from the institution is not much better than that in 2020 as a whole.</p><p><b>Since the beginning of the year, the three main lines have been loose to a certain extent. Where did the money flow out go?</b></p><p><b>(1) Going south</b></p><p>As of January 22nd, the accumulated inflow of funds going south exceeded 220 billion yuan, setting a single-day net inflow record for many consecutive days in nearly half the time.</p><p><img src=\"https://static.tigerbbs.com/80fd8bfea710f0a353212efef6733f7c\" tg-width=\"728\" tg-height=\"874\"></p><p>As far as Hong Kong stocks are concerned, on the one hand, Hong Kong stocks are a value depression, because Hong Kong stocks are left squatting in the pit in several active markets in the world, and then a large number of high-quality companies are listed in Hong Kong, which further highlights the advantage of investment value. On the other hand, in the dispute over the pricing power of Hong Kong stocks, the newly raised money of institutions has a channel, so naturally, they will not miss the opportunity to bargain for the country.</p><p><b>It is worth noting that a large amount of funds going south to bargain-hunting Hong Kong stocks will not actually have a financial impact on A shares. On the contrary, it will have a greater impact on market sentiment, especially on big blue chips.</b></p><p>For example, Midea Group:</p><p><img src=\"https://static.tigerbbs.com/34edfd21aa1c2b1f9168c2be931875ae\" tg-width=\"1080\" tg-height=\"581\"></p><p>Ping An of China:</p><p><img src=\"https://static.tigerbbs.com/e49b5202b4c16d86225e9cb6378c6764\" tg-width=\"1080\" tg-height=\"572\"></p><p>Gree Electric:</p><p><img src=\"https://static.tigerbbs.com/19acec77460875b8b22e614f09ad798c\" tg-width=\"1080\" tg-height=\"548\"></p><p><b>(2) Small and medium-sized caps with strong fundamental support</b></p><p>In early January, according to the data of Dongcai Choice, as of January 15th, there were 120 companies with an average loss of more than 100,000 yuan for A-share households, and the total number of shareholders of these companies was 2.19 million.<b>Behind these data, under the trend of institutional grouping, there is a large-scale blood drawing effect of individual stocks and excessive concentration of market funds.</b></p><p>Then, after the main line group has been relaxed to a certain extent, the whole market will maintain the hot trading volume, and the direction of institutional differentiation will return to do more small and medium-sized stocks that have been extremely bloodshot in the early stage and have strong support. These companies with unique tracks or high-quality performance fundamentals obviously began to increase their volume in the second half of January:</p><p>Yanjin Shop:</p><p><img src=\"https://static.tigerbbs.com/a1c231c334c2cff3d503f3bf5e6412f2\" tg-width=\"1080\" tg-height=\"544\"></p><p>TBEA:</p><p><img src=\"https://static.tigerbbs.com/010ee3677b60801c19dbbac23c6c512c\" tg-width=\"1080\" tg-height=\"545\"></p><p>Meinian Health:</p><p><img src=\"https://static.tigerbbs.com/5a149c8336638ce614246bad7c59544f\" tg-width=\"1080\" tg-height=\"589\"></p><p><b>2、</b><b><b>It's time to be wary of a second backlash</b></b></p><p>When I came to review for this group, the release market from the bottom of the stage was in July 2020, which consisted of chemical industry, new energy, military industry, whole vehicles, liquor and pro-cyclical industry, and lasted for more than half a year.<b>This period of time was completely driven by institutional funds and newly raised funds last year. Behind it, institutions got the pricing power of these industries.</b></p><p>In addition to the pricing power of the above industries being taken away,<b>There are also the early group industry technology and medicine that are taken away.</b></p><p>Aside from the peripheral risks, the current market rotation is more about the rapid wind bias shift of the group industry. When the chips of the group industry in the market are loose to a certain extent, there will be early group such as technology and medicine. The situation.<b>In the past, this situation was to hold the group loose, and the big blue chip made up for the increase.</b></p><p>The reason is that in these early grouping industries, institutions have mastered a lot of floating profits and become defensive positions. When someone runs the offensive position, the funds of institutions can easily automatically hedge to the original area to form defense.</p><p>This is the current period of time, only new energy is singing, military liquor is still adjusting, and some leaders in science and technology and medicine are slowly moving.<b>It is worth noting that defense comes and goes quickly.</b></p><p>Because the institution is also worried about whether it can be bought back after it is sold. Therefore, the reason behind the high premium of the faucet is that the current institutional funds are cautious and fall down first when there is any trouble.<b>So that's why everyone is saying, \"Chip stocks are a scum!\"</b></p><p><b>The fourth quarter positions of public offering that brushed the screen this week</b>Basically, there is not much change, a simple picture to understand:</p><p><img src=\"https://static.tigerbbs.com/7b637093eb2d080bcb29b9711303004d\" tg-width=\"750\" tg-height=\"974\"></p><p>A general direction is that some stocks with huge head gains have been reduced slightly, such as BYD, LONGi, CATL, etc.<b>The common thread is that Hong Kong stocks go south to bargain-hunting and fund managers basically consistently reduce their returns in 2021.</b></p><p>For example, Zhao Yi, last year's public offering champion, said: \"In 2019, the valuation of new energy vehicles dropped, and the market attention decreased, so it was easier to earn money for corporate performance growth last year. However, it will be difficult to invest in new energy vehicles in 2021. On the one hand, the valuation of leading enterprises in these sectors has increased, which has overdrawn some future growth; On the other hand, there are many profiters at present, and the profit-taking plate may be withdrawn as soon as there is any disturbance this year.\"</p><p>Feng Bo of E Fund believes: \"There will be some differences between the short-term and the long-term. Next year may be a relatively complicated year. On the one hand, the economic situation is performing well, and on the other hand, the valuation is rising. For next year, we should lower our investment expectations and return to the normal expected state.\"</p><p><b>So, how to be alert to the time of backlash?</b></p><p><b>(1) The wind bias of the mechanism.</b>At present, there are two obvious trends of institutional funds: going south to grab money, and small and medium-sized caps with strong fundamentals that are oversold in the early stage of Jiancang. The revealed signal is the defensive attitude of the institution, and it is no longer too focused on doing long in several directions. Because the excessive concentration in the early stage has caused the shock caused by the lightening or adjustment of allocation funds, the result of trading funds is profit-making.</p><p>According to the data, as of last weekend, the newly issued funds in the whole market had accumulated more than 300 billion incremental funds. At present, these institutional funds have eaten excess returns for two years, and a large part of these funds are open-end funds. Once the market fluctuates in the early stage and leads to large-scale redemption, it will trample or further decline.</p><p><b>Therefore, at this point in time, we should be alert to the transmission of external risks, such as whether the Fed's subsequent actions will tighten liquidity after Biden takes office.</b></p><p><b>(2) The Air Force is accelerating its approach.</b>From the following figure, as of January 21st, the overall long-selling power of the market is declining, and the short-selling list has obviously begun to increase. The selling order volume of IF2102 of 1,640 exceeds the buying order of 1,056.</p><p><img src=\"https://static.tigerbbs.com/561f2b54572bbb9b5be1fd71ff54cafc\" tg-width=\"941\" tg-height=\"854\"></p><p><b>3、</b><b><b>brief summary</b></b></p><p>In the current market, no matter from which angle, institutional grouping has already reached an emotional climax, and the most obvious one is new energy, which continues to rush after stepping back slightly. If there is another collective backlash callback next week or in the next half month, with a 15-point fluctuation, I think it is normal.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is it time to be wary of the second wave of A-share backlash?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs it time to be wary of the second wave of A-share backlash?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇投资学苑 </p>\n<p class=\"h-time smaller\">2021-01-25 08:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Last week, the major A-share indexes rose in volume, hitting a new high of 3636.24 points again. Only Friday's index ushered in an adjustment, which did not affect the loosening of chips of some leading stocks.</p><p><img src=\"https://static.tigerbbs.com/702df60bec1d90650ebca5a00972b03a\" tg-width=\"1080\" tg-height=\"452\"></p><p><b>So where did the backlash come from?</b></p><p>First of all, backlash does not mean collapse, but just a summary word of market shock. Compared with before, buying a company, if it is at the top or not taken seriously by market funds, basically does not run with a decline of more than 6%. This is a very common phenomenon. In the process of agitation in the spring of 2021, A shares ushered in a wave of group adjustment in the second week of January.</p><p><b>Something like:<a href=\"https://laohu8.com/S/601012\">LONGi</a>down 6.65% (1/14),<a href=\"https://laohu8.com/S/300750\">CATL</a>It has fallen by more than 8% (1/14, 1/15) in two days, the Wind Liquor Index has fallen by more than 10% so far, and the Wind Military Index has fallen by more than 15% so far.</b></p><p>In 2021, the three main lines of the market: liquor, military industry and new energy. On January 10th, many leading stocks were hammered. Until now, only the new energy line is still running as a whole, liquor is still adjusting, and only a small number of stocks in the military industry are strong.</p><p><b>This is known as the first backlash.</b></p><p>If we had to look for the reasons, it would be just those points:<b>The industry of Baotuan has risen too much to digest the profit plate. At the same time, the \"provincial and port cavalry\" has greatly gone south to raise the emotional disturbance of the technical adjustment zone of the Hang Seng Index.</b></p><p>From the disk alone, the index did not plummet, but fluctuated in a certain range, but investors were miserable. There is such a data that as of last week, the average retail investors lost 100,000 this year.</p><p>Among these 100,000, some of them were caused by the decline of continuous blood drawing stocks caused by the failure to lie in the industry, and the other part was caused by the adjustment of the industry last week. After all, once adjusted, basically more than 7% of the callback, the shock is more severe than before.<b>As far as investors are concerned, many times the money earned at 3,000 points is not lost once or twice at 3,500 points.</b></p><p>So, today's article will take a look at the current trend of institutional differentiation. We should also be alert to whether there is a second backlash at the high level of Baotuan stocks. You know, the current accumulated emotions of new energy are getting hotter day by day.</p><p>For example, CATL 208 times,<a href=\"https://laohu8.com/S/002594\">BYD</a>410 times,<a href=\"https://laohu8.com/S/01772\">Ganfeng Lithium</a>522 times,<a href=\"https://laohu8.com/S/300014\">Yiwei Lithium Energy</a>137 times, although Longi shares,<a href=\"https://laohu8.com/S/600438\">Tongwei Shares</a>The PE of two photovoltaic Ssangyong is still around 80, but once the emotion of a leading stock is released, other companies are easily driven, and the adjustment of about 10% is not surprising.</p><p><b>1、</b><b><b>Where did the funds go?</b></b></p><p>Before talking about this question, we have to look at the volume and energy: the current market volume and energy are still in a very healthy state. In the case of a certain shrinkage last week, the turnover returned to a trillion this week, indicating that the market is still rich.</p><p>At the same time, the incremental funds since the beginning of the year are very obvious, that is, the newly raised funds, and the scale of the establishment of new funds exceeds 100 billion yuan. Coupled with the accelerated entry of future pensions, the new money coming in from the institution is not much better than that in 2020 as a whole.</p><p><b>Since the beginning of the year, the three main lines have been loose to a certain extent. Where did the money flow out go?</b></p><p><b>(1) Going south</b></p><p>As of January 22nd, the accumulated inflow of funds going south exceeded 220 billion yuan, setting a single-day net inflow record for many consecutive days in nearly half the time.</p><p><img src=\"https://static.tigerbbs.com/80fd8bfea710f0a353212efef6733f7c\" tg-width=\"728\" tg-height=\"874\"></p><p>As far as Hong Kong stocks are concerned, on the one hand, Hong Kong stocks are a value depression, because Hong Kong stocks are left squatting in the pit in several active markets in the world, and then a large number of high-quality companies are listed in Hong Kong, which further highlights the advantage of investment value. On the other hand, in the dispute over the pricing power of Hong Kong stocks, the newly raised money of institutions has a channel, so naturally, they will not miss the opportunity to bargain for the country.</p><p><b>It is worth noting that a large amount of funds going south to bargain-hunting Hong Kong stocks will not actually have a financial impact on A shares. On the contrary, it will have a greater impact on market sentiment, especially on big blue chips.</b></p><p>For example, Midea Group:</p><p><img src=\"https://static.tigerbbs.com/34edfd21aa1c2b1f9168c2be931875ae\" tg-width=\"1080\" tg-height=\"581\"></p><p>Ping An of China:</p><p><img src=\"https://static.tigerbbs.com/e49b5202b4c16d86225e9cb6378c6764\" tg-width=\"1080\" tg-height=\"572\"></p><p>Gree Electric:</p><p><img src=\"https://static.tigerbbs.com/19acec77460875b8b22e614f09ad798c\" tg-width=\"1080\" tg-height=\"548\"></p><p><b>(2) Small and medium-sized caps with strong fundamental support</b></p><p>In early January, according to the data of Dongcai Choice, as of January 15th, there were 120 companies with an average loss of more than 100,000 yuan for A-share households, and the total number of shareholders of these companies was 2.19 million.<b>Behind these data, under the trend of institutional grouping, there is a large-scale blood drawing effect of individual stocks and excessive concentration of market funds.</b></p><p>Then, after the main line group has been relaxed to a certain extent, the whole market will maintain the hot trading volume, and the direction of institutional differentiation will return to do more small and medium-sized stocks that have been extremely bloodshot in the early stage and have strong support. These companies with unique tracks or high-quality performance fundamentals obviously began to increase their volume in the second half of January:</p><p>Yanjin Shop:</p><p><img src=\"https://static.tigerbbs.com/a1c231c334c2cff3d503f3bf5e6412f2\" tg-width=\"1080\" tg-height=\"544\"></p><p>TBEA:</p><p><img src=\"https://static.tigerbbs.com/010ee3677b60801c19dbbac23c6c512c\" tg-width=\"1080\" tg-height=\"545\"></p><p>Meinian Health:</p><p><img src=\"https://static.tigerbbs.com/5a149c8336638ce614246bad7c59544f\" tg-width=\"1080\" tg-height=\"589\"></p><p><b>2、</b><b><b>It's time to be wary of a second backlash</b></b></p><p>When I came to review for this group, the release market from the bottom of the stage was in July 2020, which consisted of chemical industry, new energy, military industry, whole vehicles, liquor and pro-cyclical industry, and lasted for more than half a year.<b>This period of time was completely driven by institutional funds and newly raised funds last year. Behind it, institutions got the pricing power of these industries.</b></p><p>In addition to the pricing power of the above industries being taken away,<b>There are also the early group industry technology and medicine that are taken away.</b></p><p>Aside from the peripheral risks, the current market rotation is more about the rapid wind bias shift of the group industry. When the chips of the group industry in the market are loose to a certain extent, there will be early group such as technology and medicine. The situation.<b>In the past, this situation was to hold the group loose, and the big blue chip made up for the increase.</b></p><p>The reason is that in these early grouping industries, institutions have mastered a lot of floating profits and become defensive positions. When someone runs the offensive position, the funds of institutions can easily automatically hedge to the original area to form defense.</p><p>This is the current period of time, only new energy is singing, military liquor is still adjusting, and some leaders in science and technology and medicine are slowly moving.<b>It is worth noting that defense comes and goes quickly.</b></p><p>Because the institution is also worried about whether it can be bought back after it is sold. Therefore, the reason behind the high premium of the faucet is that the current institutional funds are cautious and fall down first when there is any trouble.<b>So that's why everyone is saying, \"Chip stocks are a scum!\"</b></p><p><b>The fourth quarter positions of public offering that brushed the screen this week</b>Basically, there is not much change, a simple picture to understand:</p><p><img src=\"https://static.tigerbbs.com/7b637093eb2d080bcb29b9711303004d\" tg-width=\"750\" tg-height=\"974\"></p><p>A general direction is that some stocks with huge head gains have been reduced slightly, such as BYD, LONGi, CATL, etc.<b>The common thread is that Hong Kong stocks go south to bargain-hunting and fund managers basically consistently reduce their returns in 2021.</b></p><p>For example, Zhao Yi, last year's public offering champion, said: \"In 2019, the valuation of new energy vehicles dropped, and the market attention decreased, so it was easier to earn money for corporate performance growth last year. However, it will be difficult to invest in new energy vehicles in 2021. On the one hand, the valuation of leading enterprises in these sectors has increased, which has overdrawn some future growth; On the other hand, there are many profiters at present, and the profit-taking plate may be withdrawn as soon as there is any disturbance this year.\"</p><p>Feng Bo of E Fund believes: \"There will be some differences between the short-term and the long-term. Next year may be a relatively complicated year. On the one hand, the economic situation is performing well, and on the other hand, the valuation is rising. For next year, we should lower our investment expectations and return to the normal expected state.\"</p><p><b>So, how to be alert to the time of backlash?</b></p><p><b>(1) The wind bias of the mechanism.</b>At present, there are two obvious trends of institutional funds: going south to grab money, and small and medium-sized caps with strong fundamentals that are oversold in the early stage of Jiancang. The revealed signal is the defensive attitude of the institution, and it is no longer too focused on doing long in several directions. Because the excessive concentration in the early stage has caused the shock caused by the lightening or adjustment of allocation funds, the result of trading funds is profit-making.</p><p>According to the data, as of last weekend, the newly issued funds in the whole market had accumulated more than 300 billion incremental funds. At present, these institutional funds have eaten excess returns for two years, and a large part of these funds are open-end funds. Once the market fluctuates in the early stage and leads to large-scale redemption, it will trample or further decline.</p><p><b>Therefore, at this point in time, we should be alert to the transmission of external risks, such as whether the Fed's subsequent actions will tighten liquidity after Biden takes office.</b></p><p><b>(2) The Air Force is accelerating its approach.</b>From the following figure, as of January 21st, the overall long-selling power of the market is declining, and the short-selling list has obviously begun to increase. The selling order volume of IF2102 of 1,640 exceeds the buying order of 1,056.</p><p><img src=\"https://static.tigerbbs.com/561f2b54572bbb9b5be1fd71ff54cafc\" tg-width=\"941\" tg-height=\"854\"></p><p><b>3、</b><b><b>brief summary</b></b></p><p>In the current market, no matter from which angle, institutional grouping has already reached an emotional climax, and the most obvious one is new energy, which continues to rush after stepping back slightly. If there is another collective backlash callback next week or in the next half month, with a 15-point fluctuation, I think it is normal.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2f0a33d348220bb2adf940f6be33e5b4","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142406984","content_text":"上周，A股各大指数纷纷放量上涨，再次创下3636.24点的新高，只有周五指数迎来调整，并没有影响某些龙头个股抱团的筹码松动。\n\n那么反噬何来呢？\n首先，反噬并不是意味着崩盘，只是市场震荡的汇总词，相较于以前，买入一家公司，如果是顶部或者不被市场资金重视，基本上套6%以上的跌幅没跑的，这是非常普遍的现象，在2021年春季躁动的过程中，A股在1月第二周时候迎来一波抱团调整。\n比如：隆基股份跌6.65%（1/14)，宁德时代两天累跌超8%（1/14、1/15），万得白酒指数至今累跌超10%，万得军工指数至今累跌超15%。\n进入2021年，市场的三条主线：白酒、军工和新能源，在1月10日，很多龙头股被重锤。直到现在，依旧整体性再跑的唯有新能源这一条线，白酒依然在调整，军工也只有小部分个股在强势。\n这就是所谓的第一次反噬。\n如果非要去找原因，无非还是那几个点：抱团的行业涨太多需要消化盈利盘，同时“省港骑兵”大幅度南下拉高恒生指数出现技术性调整带的情绪扰动。\n单单从盘面上看来，指数没有重挫，在一定的区间上震荡，但是股民却惨了，有这样一个数据显示，截至到上周，今年散户人均亏损10万。\n这10万里面，有一部分是没有躺对行业，在抱团造成的持续性抽血个股下跌造成，另一部分，则是在上周抱团行业调整造成的。毕竟，一旦调整，基本上7%以上的回调，震荡比以往更加厉害。于投资者而言，很多时候3000点赚的钱，在3500点亏光也不是一次两次了。\n所以，今天这篇文章来看下当前机构分化的动向在哪？也应该去警惕抱团个股高位下是否存在第二次反噬，要知道，新能源当前积累的情绪可是一天比一天热。\n比如，宁德时代208倍、比亚迪410倍、赣锋锂业522倍、亿纬锂能137倍，虽然隆基股份、通威股份两个光伏双龙的PE还在80附近，不过一旦某只龙头股情绪释放，其他公司很容易的就被带动，10%左右的调整都不奇怪。\n1、资金去哪了？\n在来说这个问题之前，我们要看量能：当前市场量能还是处于非常健康的状态。在上周出现一定缩量的情况下，这周再次回到万亿的成交额，说明市场还是有钱的。\n同时年初以来的增量资金非常的明显，就是新募集的基金，成立新基金规模超千亿，在加上未来养老金的加速进场，所以机构这块进来的新钱较2020年整体来说不逞多让。\n当年初以来的三条主线抱团有一定的松散，流出来的钱去哪了？\n（1）南下\n截至到1月22日，南下资金累计流入超2200亿元，在近半个时间连续多天创下单日净流入记录。\n\n于港股而言，一方面港股是价值洼地，因为全球活跃的几大市场就剩港股在坑里蹲着，再叠加大批优质的公司在港上市，投资价值的优势进一步突出。另一方面港股定价权之争，机构新募集过来的钱又有通道，自然不会放过为国抄底的机会。\n值得注意的是，资金大量的南下抄底港股，其实并不会给A股带来资金面的影响，相反，带来的市场情绪影响更大，尤其是对大蓝筹的影响。\n比如美的集团：\n\n中国平安：\n\n格力电器：\n\n（2）强基本面支撑的中小盘\n在1月份上旬，根据东财Choice数据显示，截至1月15日，A股户均亏损超过10万元的公司有120家，这些公司合计股东户数为219万户。这些数据的背后，是在机构抱团的趋势下，造成个股大规模抽血效应，市场资金过度集中。\n那么，在主线抱团出现一定放松之后，整个市场在保持热度成交量情况下，机构分化的方向，回流做多前期被极度抽血跌下来又有强支撑面的中小盘个股。这些有独特赛道或者优质业绩基本面的公司，很明显在在1月份下半旬开始放量：\n盐津铺子：\n\n特变电工：\n\n美年健康：\n\n2、是时候警惕第二波反噬\n来复盘下这次抱团的时间，从阶段性底部的释放行情是在2020年7月份，以化工、新能源、军工、整车、白酒、顺周期这些构成，时间长达半年多。这段时间完完全全是在去年机构资金以及新募集资金推动，背后是机构拿到了这些行业的定价权。\n除了上面这些行业的定价权被拿走外，被拿走还有前期的抱团行业科技，医药。\n抛开外围的风险，当前市场的轮动，更多的只是抱团行业的快速风偏转换，当市场的抱团行业筹码出现一定松动的情况下，会出现前期抱团的比如科技，医药产生异动拉升的情况。以前这个情况是抱团松，大蓝筹补涨。\n这个原因，在于这些前期抱团行业，机构掌握了大量的浮盈，变成了防守仓位，当进攻性的仓位有人抢跑之时，机构的资金很容易的自动对冲到原来的区域形成防守。\n这也就是目前这段时间，出现唯独新能源高歌，军工白酒依旧调整，科技和医药的某些龙头也在慢慢的动的盘面。值得注意的是，防守来的快，去的也快。\n因为机构也是担心，自己卖出去了还能不能再买回来，所以，龙头的高溢价的背后造成当前机构资金谨小慎微，一有风吹草动就先趴下的原因，所以这也是为什么大家都在说“芯片股，就是一个渣男！”\n这一周刷屏的公募四季度持仓，基本上没有什么太大的变化，简单一图看懂：\n\n大概的一个方向，就是一些头部涨幅巨大的个股出现少许的减持，比如比亚迪、隆基股份，宁德时代等等，共同点就是南下抄底港股以及基金经理基本上一致性的降低2021年的收益。\n比如去年的公募冠军赵诣：“2019年新能源车估值下降，市场关注度降低，因此去年更容易赚到企业业绩增长的钱。然而，2021年投资新能源车就会比较难，一方面，这些板块的龙头企业估值提升，已经透支了一些未来的成长性；另一方面，当前获利者较多，今年一有风吹草动，获利盘就可能撤出。”\n易方达冯波认为：“短期和长期会有一些差异，明年可能是相对比较复杂的一年，一方面是经济情况表现很好，另一方面是估值提升在上升。对于明年，我们应该降低投资预期，回到正常的预期状态。”\n那么，如何警惕反噬的时间呢？\n（1）机构的风偏。目前机构资金明显的两个趋势：南下抢钱，建仓前期超跌的具有强基本面的中小盘。透露出来的信号就是机构的偏防守的态度，不再过度集中的在几个方向做多。因为前期的过度性集中已经造成配置型资金的减仓或者调仓带来的震荡，给交易型资金的结果是获利出局。\n根据数据显示，截至到上周末，整个市场新发行的基金累计大概在3000多亿的增量资金，而目前这些机构基金已经吃了两年的超额收益，而上述这些基金很大一部分是属于开放式基金，那么一旦市场前期产生震荡导致大规模的赎回，会产生的踩踏或者进一步下跌。\n所以，对于这个时间点，要警惕便是外围风险的传导，比如拜登上台之后，美联储后续的动作是否会缩紧流动性。\n（2）空军在加速进场。从下图来看，截至到1月21日，市场整体的做多力量在衰减，做空的单子已经明显的开始提升，IF2102的卖单量1640超过买单1056。\n\n3、小结\n当前的市场，无论从哪一个角度来说，机构抱团已经是达到的情绪化的高潮，最明显的便是新能源，在稍微回踩后继续猛冲。如果在下周或者未来半个月再次出现集体性的反噬回调，上下波动个15个点，我觉得正常。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":334481295,"gmtCreate":1610944298117,"gmtModify":1704986478691,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334481295","repostId":"334209269","repostType":1,"repost":{"id":334209269,"gmtCreate":1610776368751,"gmtModify":1704986157208,"author":{"id":"3536726801818865","authorId":"3536726801818865","name":"不见233","avatar":"https://static.tigerbbs.com/b7d7f4ce18e7e23ee069600167f858f4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3536726801818865","authorIdStr":"3536726801818865"},"themes":[],"title":"中美股2021前瞻——中美股估值游戏（二）","htmlText":"本期內容主要圍繞，在CN和US同樣面臨着政策邊際收縮的預期和實際路徑中，宏觀經濟脆弱的復甦與資產泡沫的癲狂其二者爲主題。從當前宏觀節奏來看，美聯儲和人民銀行在面臨着全球央行協同大放水的信用增量紅利，催生了前所未有的金融資產泡沫，這也是公號前數期筆記中提及的資產泡沫走在宏觀經濟復甦之前，過往數月市場前瞻預期從有沒有更多貨幣-財政的空間到貨幣-財政誰增量誰增量的過程博弈，至今到貨幣減量-財政增量的預期——利好的定價相當充分。圖一：社會資本-金融資本這個比例和巴菲特指數（GDP/股票市值至21.1.15達180+%）異曲同工之妙，意味着金融資本伴隨本輪全球寬鬆的零利率甚至負利率擴張至非常態過程，那麼這時我們要關注的則是其邊際空間的博弈和預期的拐點過程（預期的左側博弈，另開一期），那麼現在對於各國頂層而言：刺破泡沫無疑是自殺的（頂層財富積累均於此，誰會革自己的命呢？），那麼只剩下遲滯的實體經濟從泥潭中逐步爬出來，達到以往常態化自身正循環過程——脫離貨幣財政的柺杖，踉踉蹌蹌走幾步再說。這樣在不刺破泡沫的同時能做到實體經濟-底層資產的正向循環，無疑是一舉多得，對緩和底層矛盾與維穩泡沫而言。那麼伴隨疫情-疫苗因子和推廣進程來看，21年二三季度在疫情變異有限-疫苗依舊有效的情況場景中，能幾近結束後疫情時代的貨幣-財政刺激。這也是現在市場在對標博弈的美債十年期，實際利率空間，通脹預期等等是時刻表。相關的推理演繹過程和宏觀節奏判斷，請配合往期內容，此處不多闡述。圖二：通脹預期（商品預期-政府社會福利支出比率）圖三：全球食物指數圖四：實際利率（TIPs-US10Y）圖五：US10Y預期事實就是問題擺在面前，一方面實體經濟從漫長暗道中緩步漫入至不確定性的宏觀斷層修復週期（反觀CN2020年三季度的邊際緊縮帶來的國企違約事件）；另一方面在實體經濟修復過程信用利率的緩擡（現階段過程圖三所示）——其二","listText":"本期內容主要圍繞，在CN和US同樣面臨着政策邊際收縮的預期和實際路徑中，宏觀經濟脆弱的復甦與資產泡沫的癲狂其二者爲主題。從當前宏觀節奏來看，美聯儲和人民銀行在面臨着全球央行協同大放水的信用增量紅利，催生了前所未有的金融資產泡沫，這也是公號前數期筆記中提及的資產泡沫走在宏觀經濟復甦之前，過往數月市場前瞻預期從有沒有更多貨幣-財政的空間到貨幣-財政誰增量誰增量的過程博弈，至今到貨幣減量-財政增量的預期——利好的定價相當充分。圖一：社會資本-金融資本這個比例和巴菲特指數（GDP/股票市值至21.1.15達180+%）異曲同工之妙，意味着金融資本伴隨本輪全球寬鬆的零利率甚至負利率擴張至非常態過程，那麼這時我們要關注的則是其邊際空間的博弈和預期的拐點過程（預期的左側博弈，另開一期），那麼現在對於各國頂層而言：刺破泡沫無疑是自殺的（頂層財富積累均於此，誰會革自己的命呢？），那麼只剩下遲滯的實體經濟從泥潭中逐步爬出來，達到以往常態化自身正循環過程——脫離貨幣財政的柺杖，踉踉蹌蹌走幾步再說。這樣在不刺破泡沫的同時能做到實體經濟-底層資產的正向循環，無疑是一舉多得，對緩和底層矛盾與維穩泡沫而言。那麼伴隨疫情-疫苗因子和推廣進程來看，21年二三季度在疫情變異有限-疫苗依舊有效的情況場景中，能幾近結束後疫情時代的貨幣-財政刺激。這也是現在市場在對標博弈的美債十年期，實際利率空間，通脹預期等等是時刻表。相關的推理演繹過程和宏觀節奏判斷，請配合往期內容，此處不多闡述。圖二：通脹預期（商品預期-政府社會福利支出比率）圖三：全球食物指數圖四：實際利率（TIPs-US10Y）圖五：US10Y預期事實就是問題擺在面前，一方面實體經濟從漫長暗道中緩步漫入至不確定性的宏觀斷層修復週期（反觀CN2020年三季度的邊際緊縮帶來的國企違約事件）；另一方面在實體經濟修復過程信用利率的緩擡（現階段過程圖三所示）——其二","text":"本期內容主要圍繞，在CN和US同樣面臨着政策邊際收縮的預期和實際路徑中，宏觀經濟脆弱的復甦與資產泡沫的癲狂其二者爲主題。從當前宏觀節奏來看，美聯儲和人民銀行在面臨着全球央行協同大放水的信用增量紅利，催生了前所未有的金融資產泡沫，這也是公號前數期筆記中提及的資產泡沫走在宏觀經濟復甦之前，過往數月市場前瞻預期從有沒有更多貨幣-財政的空間到貨幣-財政誰增量誰增量的過程博弈，至今到貨幣減量-財政增量的預期——利好的定價相當充分。圖一：社會資本-金融資本這個比例和巴菲特指數（GDP/股票市值至21.1.15達180+%）異曲同工之妙，意味着金融資本伴隨本輪全球寬鬆的零利率甚至負利率擴張至非常態過程，那麼這時我們要關注的則是其邊際空間的博弈和預期的拐點過程（預期的左側博弈，另開一期），那麼現在對於各國頂層而言：刺破泡沫無疑是自殺的（頂層財富積累均於此，誰會革自己的命呢？），那麼只剩下遲滯的實體經濟從泥潭中逐步爬出來，達到以往常態化自身正循環過程——脫離貨幣財政的柺杖，踉踉蹌蹌走幾步再說。這樣在不刺破泡沫的同時能做到實體經濟-底層資產的正向循環，無疑是一舉多得，對緩和底層矛盾與維穩泡沫而言。那麼伴隨疫情-疫苗因子和推廣進程來看，21年二三季度在疫情變異有限-疫苗依舊有效的情況場景中，能幾近結束後疫情時代的貨幣-財政刺激。這也是現在市場在對標博弈的美債十年期，實際利率空間，通脹預期等等是時刻表。相關的推理演繹過程和宏觀節奏判斷，請配合往期內容，此處不多闡述。圖二：通脹預期（商品預期-政府社會福利支出比率）圖三：全球食物指數圖四：實際利率（TIPs-US10Y）圖五：US10Y預期事實就是問題擺在面前，一方面實體經濟從漫長暗道中緩步漫入至不確定性的宏觀斷層修復週期（反觀CN2020年三季度的邊際緊縮帶來的國企違約事件）；另一方面在實體經濟修復過程信用利率的緩擡（現階段過程圖三所示）——其二","images":[{"img":"https://static.tigerbbs.com/ea3a6ec59abad3199685a0e60abe5579"},{"img":"https://static.tigerbbs.com/42d099b4c1df0ba121682728fa9ae7f4"},{"img":"https://static.tigerbbs.com/42a286039de494a056bf64d765496984"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334209269","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":11,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":333727536,"gmtCreate":1609375810725,"gmtModify":1704978675035,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/333727536","repostId":"1102093690","repostType":4,"repost":{"id":"1102093690","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1609340923,"share":"https://ttm.financial/m/news/1102093690?lang=en_US&edition=fundamental","pubTime":"2020-12-30 23:08","market":"other","language":"zh","title":"Baidu rose more than 6% and its share price hit a new high in nearly a year","url":"https://stock-news.laohu8.com/highlight/detail?id=1102093690","media":"老虎资讯综合","summary":"12月30日消息，百度涨超6%，股价创近一年新高。近日，外媒The Qubit Report援引美国知名投研公司Zacks的研究报告表示，百度与微软、Alphabet等科技公司将成为2021年最热门的","content":"<p>On December 30th, Baidu rose by more than 6%, and its share price reached a new high in nearly a year.</p><p><img src=\"https://static.tigerbbs.com/9a872252413cfcc6c34783d12e74f754\" tg-width=\"1135\" tg-height=\"496\"></p><p>Recently, foreign media The Qubit Report quoted a research Report from Zacks, a well-known American investment research company, saying that Baidu, Microsoft, Alphabet and other technology companies will become The four hottest quantum computing stocks in 2021.</p><p>Zacks notes that quantum computing can address critical computing issues in a range of services, including finance, cloud security, drug discovery, supply chain, and logistics. This year, the emergence of the pandemic has triggered the need for seamless communication, data transfer, model capability improvement, and complex data simulation, which are expected to drive further development of quantum computing solutions.</p><p>According to a report by Research And Markets, an international market Research organization, the market size of quantum computing was US$507.1 million in 2019, And it is expected to grow to US$64.99 billion in 2030, with a compound annual growth rate of 56%. Furthermore, the report by United Market Research notes that the global enterprise quantum computing market size is expected to reach $5.85 billion by 2025.</p><p>Based on the good development prospects of quantum computing, Zacks believes that quantum computing stocks will bring lucrative returns to investors in the future, and recommended the top four hottest quantum computing stocks in 2021. Baidu was selected for its position as a leader in the global quantum computing field.</p><p>It is understood that in 2018, Baidu established the Quantum Computing Research Institute, with the aim of building a world-class quantum artificial intelligence research institute through quantum technology reserve, top talent training and quantum ecological construction. Dr. Duan Runyao, director of Baidu Quantum Computing Institute, said that quantum computing will be integrated with Baidu's core business, especially artificial intelligence, and quantum innovation business will be explored.</p><p>In September this year, Baidu released the first cloud-native quantum computing platform in China-Quantum Yifu, which realized the deep integration of quantum computing and cloud computing, and can realize the manipulation of quantum hardware. At the same time, Baidu also comprehensively upgraded the quantum pulse cloud computing service system quantum pulse and quantum machine learning development tool quantum paddle. At present, Baidu has initially built a Baidu quantum platform consisting of three major projects: pulse measurement, paddle measurement and voltage measurement, providing a comprehensive quantum infrastructure as a service QaaS.</p><p>Zacks said it was bullish on the development of Baidu's quantum computing and therefore gave Baidu's stock a \"Strong Buy\" rating. At present, Baidu is ranked in the institution's Tier 1 Buy ranking.</p><p>Consistent with the judgment of investment research institutions, recently, Baidu's share price has climbed all the way, once exceeding $200, and its market value has stabilized at more than $65 billion.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu rose more than 6% and its share price hit a new high in nearly a year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu rose more than 6% and its share price hit a new high in nearly a year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2020-12-30 23:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On December 30th, Baidu rose by more than 6%, and its share price reached a new high in nearly a year.</p><p><img src=\"https://static.tigerbbs.com/9a872252413cfcc6c34783d12e74f754\" tg-width=\"1135\" tg-height=\"496\"></p><p>Recently, foreign media The Qubit Report quoted a research Report from Zacks, a well-known American investment research company, saying that Baidu, Microsoft, Alphabet and other technology companies will become The four hottest quantum computing stocks in 2021.</p><p>Zacks notes that quantum computing can address critical computing issues in a range of services, including finance, cloud security, drug discovery, supply chain, and logistics. This year, the emergence of the pandemic has triggered the need for seamless communication, data transfer, model capability improvement, and complex data simulation, which are expected to drive further development of quantum computing solutions.</p><p>According to a report by Research And Markets, an international market Research organization, the market size of quantum computing was US$507.1 million in 2019, And it is expected to grow to US$64.99 billion in 2030, with a compound annual growth rate of 56%. Furthermore, the report by United Market Research notes that the global enterprise quantum computing market size is expected to reach $5.85 billion by 2025.</p><p>Based on the good development prospects of quantum computing, Zacks believes that quantum computing stocks will bring lucrative returns to investors in the future, and recommended the top four hottest quantum computing stocks in 2021. Baidu was selected for its position as a leader in the global quantum computing field.</p><p>It is understood that in 2018, Baidu established the Quantum Computing Research Institute, with the aim of building a world-class quantum artificial intelligence research institute through quantum technology reserve, top talent training and quantum ecological construction. Dr. Duan Runyao, director of Baidu Quantum Computing Institute, said that quantum computing will be integrated with Baidu's core business, especially artificial intelligence, and quantum innovation business will be explored.</p><p>In September this year, Baidu released the first cloud-native quantum computing platform in China-Quantum Yifu, which realized the deep integration of quantum computing and cloud computing, and can realize the manipulation of quantum hardware. At the same time, Baidu also comprehensively upgraded the quantum pulse cloud computing service system quantum pulse and quantum machine learning development tool quantum paddle. At present, Baidu has initially built a Baidu quantum platform consisting of three major projects: pulse measurement, paddle measurement and voltage measurement, providing a comprehensive quantum infrastructure as a service QaaS.</p><p>Zacks said it was bullish on the development of Baidu's quantum computing and therefore gave Baidu's stock a \"Strong Buy\" rating. At present, Baidu is ranked in the institution's Tier 1 Buy ranking.</p><p>Consistent with the judgment of investment research institutions, recently, Baidu's share price has climbed all the way, once exceeding $200, and its market value has stabilized at more than $65 billion.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/620fa6b7643be76ed489cf4a9bb97db7","relate_stocks":{"BIDU":"百度"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102093690","content_text":"12月30日消息，百度涨超6%，股价创近一年新高。近日，外媒The Qubit Report援引美国知名投研公司Zacks的研究报告表示，百度与微软、Alphabet等科技公司将成为2021年最热门的四大量子计算股票。Zacks指出，量子计算可以解决金融、云安全、药物发现、供应链和物流等一系列服务中的关键计算问题。今年，疫情的出现引发了对无缝通信、数据传输、模型能力提升和复杂数据仿真的需求，这些有望推动量子计算解决方案的进一步发展。国际市场研究机构Research And Markets的报告显示，2019年量子计算的市场规模为5.071亿美元，2030年预计将会增长到649.9亿美元，年复合增长率为56%。此外，联合市场研究公司的报告指出，到2025年，全球企业量子计算市场规模预计将达到58.5亿美元。基于量子计算的良好发展前景，Zacks认为，量子计算股票未来会为投资人带来丰厚的收益，并推荐了2021年最热门的四大量子计算股票，百度因其在全球量子计算领域的领导者地位入选。据了解， 2018年百度就成立了量子计算研究所，通过量子技术储备、顶尖人才培养以及量子生态构建，以期建成世界一流的量子人工智能研究所。百度量子计算研究所所长段润尧博士表示，将把量子计算与百度的核心业务，尤其是人工智能融合，探索量子创新业务。今年9月，百度发布国内首个云原生量子计算平台——量易伏，量易伏实现了量子计算和云计算的深度融合，可以实现对量子硬件的操控。与此同时，百度还全面升级量子脉冲云计算服务系统量脉和量子机器学习开发工具集量桨。目前，百度已初步建成由量脉、量桨以及量易伏三大项目为主体的百度量子平台，提供全面的量子基础设施即服务 QaaS。Zacks表示，看好百度量子计算的发展并因此给出了百度股票“强烈买入”的评级。目前，百度位列该机构的1级买入排名。与投研机构的判断一致，近期，百度股价一路攀升，一度突破200美元，市值也稳定在650亿美元以上。","news_type":1,"symbols_score_info":{"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":397707686,"gmtCreate":1608336537045,"gmtModify":1704974611387,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/397707686","repostId":"1143535058","repostType":4,"repost":{"id":"1143535058","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1608303461,"share":"https://ttm.financial/m/news/1143535058?lang=en_US&edition=fundamental","pubTime":"2020-12-18 22:57","market":"us","language":"zh","title":"Luckin coffee doubled overnight and then rose by 9%. Does it really want to be \"resurrected with full blood\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=1143535058","media":"老虎资讯综合","summary":"如果瑞幸把财务造假事件处理好，完全有可能再次上市。","content":"<p>On Friday,<a href=\"https://laohu8.com/S/LKNCY\">Luckin Coffee</a>In the Pink Sheets market (over-the-counter market), it rose nearly 9%, with the highest intraday share price exceeding $8.5, and closed up more than 96% in the previous trading day.</p><p><img src=\"https://static.tigerbbs.com/bf3e91bf58cf1c0b00177ea237ccdb5f\" tg-width=\"840\" tg-height=\"470\"></p><p>On the news, on December 17th, Luckin Coffee said that it had reached a settlement with the U.S. Securities and Exchange Commission (SEC) on the suspected financial fraud of some former employees, and agreed to pay a civil fine of US$180 million to the SEC.<b>This means that Luckin can largely avoid being punished by administrative agencies, and at the same time avoid confirming its securities fraud crime in the form of judgment.</b></p><p><img src=\"https://static.tigerbbs.com/e820a23119c348d4bcf41f5090b03f7e\" tg-width=\"720\" tg-height=\"362\"></p><p>At the same time, Luckin Coffee said in a separate statement: \"We are pleased that after an extensive review of the Company's operating and financial condition, the Joint Liquidators and the Company have jointly formulated a detailed and feasible restructuring plan on the Company's debts with a view to submitting the restructuring plan to the Cayman Islands Court through one or more arrangements. The proposal is formulated for the benefit of all stakeholders.\"</p><p>On July 15 this year, the Grand Court of the Cayman Islands appointed Alexander Lawson of Alvarez & Marsal Cayman Islands Limited, and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Limited as joint provisional liquidators of Luckin Coffee. Today, the two liquidators have filed their first liquidation report with the Cayman Court, aimed at providing an update on the progress of Luckin's restructuring.</p><p>Regarding the future fate of Luckin Coffee, some professionals believe that \"<b>If Luckin handles the financial fraud incident well, it is entirely possible to go public again.</b>”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Luckin coffee doubled overnight and then rose by 9%. Does it really want to be \"resurrected with full blood\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLuckin coffee doubled overnight and then rose by 9%. Does it really want to be \"resurrected with full blood\"?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2020-12-18 22:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Friday,<a href=\"https://laohu8.com/S/LKNCY\">Luckin Coffee</a>In the Pink Sheets market (over-the-counter market), it rose nearly 9%, with the highest intraday share price exceeding $8.5, and closed up more than 96% in the previous trading day.</p><p><img src=\"https://static.tigerbbs.com/bf3e91bf58cf1c0b00177ea237ccdb5f\" tg-width=\"840\" tg-height=\"470\"></p><p>On the news, on December 17th, Luckin Coffee said that it had reached a settlement with the U.S. Securities and Exchange Commission (SEC) on the suspected financial fraud of some former employees, and agreed to pay a civil fine of US$180 million to the SEC.<b>This means that Luckin can largely avoid being punished by administrative agencies, and at the same time avoid confirming its securities fraud crime in the form of judgment.</b></p><p><img src=\"https://static.tigerbbs.com/e820a23119c348d4bcf41f5090b03f7e\" tg-width=\"720\" tg-height=\"362\"></p><p>At the same time, Luckin Coffee said in a separate statement: \"We are pleased that after an extensive review of the Company's operating and financial condition, the Joint Liquidators and the Company have jointly formulated a detailed and feasible restructuring plan on the Company's debts with a view to submitting the restructuring plan to the Cayman Islands Court through one or more arrangements. The proposal is formulated for the benefit of all stakeholders.\"</p><p>On July 15 this year, the Grand Court of the Cayman Islands appointed Alexander Lawson of Alvarez & Marsal Cayman Islands Limited, and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Limited as joint provisional liquidators of Luckin Coffee. Today, the two liquidators have filed their first liquidation report with the Cayman Court, aimed at providing an update on the progress of Luckin's restructuring.</p><p>Regarding the future fate of Luckin Coffee, some professionals believe that \"<b>If Luckin handles the financial fraud incident well, it is entirely possible to go public again.</b>”</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/324e43c6c2694249d5fc03a098a94f36","relate_stocks":{"LKNCY":"瑞幸咖啡"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143535058","content_text":"周五，瑞幸咖啡在粉单市场（Pink Sheets，场外交易市场）涨近9%，盘中最高股价超8.5美元，上一交易日收涨逾96%。消息面上，12月17日，瑞幸咖啡称已与美国证券交易委员（SEC）已就部分前员工涉嫌财务造假事件达成和解，同意向SEC支付1.8亿美元的民事罚款。这意味着瑞幸可以很大程度上避免被行政机关处罚，同时避免以判决书的形式坐实其证券欺诈罪名。同时，瑞幸咖啡在另一份声明中称：“我们很高兴，在对本公司的经营和财务状况进行广泛审查后，联合清算人与本公司共同制定了一份关于公司债务的详细和可行的重组方案，以期通过一个或多个安排方案，向开曼群岛法院提交重组方案。该提案是为了所有利益相关者的利益而制定的。”今年7月15日，开曼群岛大法院任命Alvarez & Marsal开曼群岛有限公司的亚历山大·劳森（Alexander Lawson），以及Alvarez & Marsal亚洲有限公司的Wing Sze Tiffany Wong担任瑞幸咖啡的联合临时清算人。如今，两位清算人向开曼法院提交了首份清算报告，旨在提供瑞幸咖啡重组进展的最新情况。关于瑞幸咖啡未来的命运，有专业人士认为“如果瑞幸把财务造假事件处理好，完全有可能再次上市。”","news_type":1,"symbols_score_info":{"LKNCY":0.9}},"isVote":1,"tweetType":1,"viewCount":892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":397238140,"gmtCreate":1608272126180,"gmtModify":1704974243676,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/397238140","repostId":"1182479572","repostType":4,"repost":{"id":"1182479572","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1608220215,"share":"https://ttm.financial/m/news/1182479572?lang=en_US&edition=fundamental","pubTime":"2020-12-17 23:50","market":"us","language":"zh","title":"Luckin Coffee Soars 46%, Liquidators Have Submitted Restructuring Plan to Court","url":"https://stock-news.laohu8.com/highlight/detail?id=1182479572","media":"老虎资讯综合","summary":"12月17日消息，截至发稿，瑞幸咖啡在美国粉单市场大涨超46%。老虎综合账户可以交易在粉单市场的瑞幸咖啡股票。据报道，瑞幸咖啡今日对公司联合清算人向开曼群岛大法院提交的首份清算报告发表了评论。瑞幸咖啡","content":"<p>December 17th news, as of press time,<a href=\"https://laohu8.com/S/LKNCY\">Luckin Coffee</a>In the US pink sheet market, it rose by more than 46%.<b>The Tiger Comprehensive account can trade Luckin Coffee shares in the pink sheet market.</b></p><p><img src=\"https://static.tigerbbs.com/85b5853b3455585ca2bedfb015609e30\" tg-width=\"840\" tg-height=\"470\"></p><p>According to reports,<a href=\"https://laohu8.com/S/LKNCY\">Luckin Coffee</a>Comments were made today on the first liquidation report filed by the Company's joint liquidators in the Grand Court of the Cayman Islands. Luckin Coffee said in a statement: \"We are pleased that, after an extensive review of the Company's operating and financial condition, the Joint Liquidators and the Company have jointly developed a detailed and feasible restructuring plan on the Company's debts with a view to submitting the restructuring plan to the Cayman Islands courts through one or more arrangements. The proposal has been developed for the benefit of all stakeholders.\"</p><p>On July 15 this year, the Grand Court of the Cayman Islands appointed Alexander Lawson of Alvarez & Marsal Cayman Islands Limited, and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Limited as joint provisional liquidators of Luckin Coffee. Today, the two liquidators have filed their first liquidation report with the Cayman Court, aimed at providing an update on the progress of Luckin's restructuring.</p><p>In addition, today's news, the U.S. Securities and Exchange Commission (SEC) said that it had reached a settlement with Luckin Coffee, which agreed to pay a fine of US$180 million (about RMB 1.18 billion) for fraud charges.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Luckin Coffee Soars 46%, Liquidators Have Submitted Restructuring Plan to Court</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLuckin Coffee Soars 46%, Liquidators Have Submitted Restructuring Plan to Court\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2020-12-17 23:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>December 17th news, as of press time,<a href=\"https://laohu8.com/S/LKNCY\">Luckin Coffee</a>In the US pink sheet market, it rose by more than 46%.<b>The Tiger Comprehensive account can trade Luckin Coffee shares in the pink sheet market.</b></p><p><img src=\"https://static.tigerbbs.com/85b5853b3455585ca2bedfb015609e30\" tg-width=\"840\" tg-height=\"470\"></p><p>According to reports,<a href=\"https://laohu8.com/S/LKNCY\">Luckin Coffee</a>Comments were made today on the first liquidation report filed by the Company's joint liquidators in the Grand Court of the Cayman Islands. Luckin Coffee said in a statement: \"We are pleased that, after an extensive review of the Company's operating and financial condition, the Joint Liquidators and the Company have jointly developed a detailed and feasible restructuring plan on the Company's debts with a view to submitting the restructuring plan to the Cayman Islands courts through one or more arrangements. The proposal has been developed for the benefit of all stakeholders.\"</p><p>On July 15 this year, the Grand Court of the Cayman Islands appointed Alexander Lawson of Alvarez & Marsal Cayman Islands Limited, and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Limited as joint provisional liquidators of Luckin Coffee. Today, the two liquidators have filed their first liquidation report with the Cayman Court, aimed at providing an update on the progress of Luckin's restructuring.</p><p>In addition, today's news, the U.S. Securities and Exchange Commission (SEC) said that it had reached a settlement with Luckin Coffee, which agreed to pay a fine of US$180 million (about RMB 1.18 billion) for fraud charges.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/324e43c6c2694249d5fc03a098a94f36","relate_stocks":{"LKNCY":"瑞幸咖啡"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182479572","content_text":"12月17日消息，截至发稿，瑞幸咖啡在美国粉单市场大涨超46%。老虎综合账户可以交易在粉单市场的瑞幸咖啡股票。据报道，瑞幸咖啡今日对公司联合清算人向开曼群岛大法院提交的首份清算报告发表了评论。瑞幸咖啡在一份声明中称：“我们很高兴，在对本公司的经营和财务状况进行广泛审查后，联合清算人与本公司共同制定了一份关于公司债务的详细和可行的重组方案，以期通过一个或多个安排方案，向开曼群岛法院提交重组方案。该提案是为了所有利益相关者的利益而制定的。”今年7月15日，开曼群岛大法院任命Alvarez & Marsal开曼群岛有限公司的亚历山大·劳森（Alexander Lawson），以及Alvarez & Marsal亚洲有限公司的Wing Sze Tiffany Wong担任瑞幸咖啡的联合临时清算人。如今，两位清算人向开曼法院提交了首份清算报告，旨在提供瑞幸咖啡重组进展的最新情况。此外，今日消息，美国证券交易委员会（SEC）称，已经与瑞幸咖啡达成和解，后者同意针对造假指控支付1.8亿美元（约合人民币11.8亿元）罚款。","news_type":1,"symbols_score_info":{"LKNCY":0.9}},"isVote":1,"tweetType":1,"viewCount":1251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":391239114,"gmtCreate":1606701769238,"gmtModify":1704966364960,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"6","listText":"6","text":"6","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/391239114","repostId":"1179543879","repostType":4,"repost":{"id":"1179543879","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1606690630,"share":"https://ttm.financial/m/news/1179543879?lang=en_US&edition=fundamental","pubTime":"2020-11-30 06:57","market":"sh","language":"zh","title":"Preview this week: \"Non-farm Super Week\" debuts! Meituan and other earnings reports hit","url":"https://stock-news.laohu8.com/highlight/detail?id=1179543879","media":"老虎资讯综合","summary":"周一关键词：中国官方制造业PMI、美团、zoom财报根据国家统计局10月31日公布的数据，10月份，中国制造业PMI为51.4%，虽略低于上月0.1个百分点，但自7月份以来始终位于51.0%及以上，已连续8个月处于扩张区间。美国劳工部公布的报告显示，11月初，根据疫情救助计划领取失业救济金的美国人数继续上升。","content":"<p><b>Abstract:</b>The monthly \"Non-Agricultural Super Week\" will debut; Meituan, zoom, salesforce and Buffett's love stock nowflake earnings report hit; Evergrande Property and One Education Technology are listed on the Hong Kong Stock Exchange and Nasdaq respectively.<b>Monday (November 30th) Keywords: China's official manufacturing PMI, Meituan, zoom earnings report</b><img src=\"https://static.tigerbbs.com/8edb3ef3e2dbe9b2031795268bbf7906\" tg-width=\"655\" tg-height=\"266\">According to the data released by the National Bureau of Statistics on October 31st, in October, China's manufacturing PMI was 51.4%. Although it was slightly lower than the previous month's 0.1 percentage point, it has been at 51.0% and above since July, and it has been in the expansion range for eight consecutive months.</p><p><b>In terms of earnings: Meituan, zoom earnings (after hours)</b></p><p><b>Tuesday (December 1) Keywords: US ISM manufacturing PMI, Powell attends economic relief hearing, salesforce, Lufax earnings report</b><img src=\"https://static.tigerbbs.com/224cf64a9cada7807c77cbd528c77f21\" tg-width=\"655\" tg-height=\"551\">The U.S. manufacturing industry has emerged from the low tide affected by the pandemic during the spring, but the recovery has not been even. While the output of consumer goods manufacturers has mostly returned to pre-pandemic levels, those producing other products have not recovered. The surge in Covid cases across the Upper Midwest is the latest challenge now. If officials restrict economic activity again to stem the spread of the virus, that would prolong the downturn for equipment makers and others who rely on strong corporate spending.</p><p>Federal Reserve Chair Powell said this month that an effective coronavirus vaccine is increasingly likely, which is good news for the economy in the coming months, but short-term risks remain as the pandemic continues to spread. Now is not the time to halt emergency plans aimed at mitigating the economic fallout of the pandemic, with case numbers now surging again and economic recovery still a long way to go.</p><p>U.S. Treasury Secretary Mnuchin surprised Fed officials by refusing to extend several of the Fed's anti-epidemic emergency loan programs that expired on December 31 and asking the Fed to return the unused funds of these programs. President-elect Biden said doing so was \"deeply irresponsible\" and threatened the fragile state of the nation's economy.</p><p><b>Financial reports: salesforce (after-hours), Lufax (after-hours), Momo (before-hours), Ctrip (after-hours)</b></p><p><b>Wednesday (December 2nd) Keywords: ADP jobs in the United States, Beige Book of the Federal Reserve, snowflake earnings report, Evergrande Property listed on HKEx</b><img src=\"https://static.tigerbbs.com/6e8c60ab5efd1c72e8134cfd7e3a2e36\" tg-width=\"655\" tg-height=\"322\">New York Fed President Williams said last week that positive news of potential vaccine development bodes well for the economy, which has rebounded much stronger than expected, but it could take several years for the economy to fully recover from the hit it took during the pandemic.</p><p>Williams said the U.S. economy is now more affected by fluctuations in coronavirus infections than restrictions on certain activities, and the surge in infections could slow economic growth. The loss of government aid that has been supporting families and small businesses could slow the recovery because people will not have as much money to spend.</p><p><b>On Earnings: snowflake (After Hours)</b></p><p><b>In terms of new shares: Evergrande Property landed on HKEx</b></p><p><b>Thursday (December 3) Keywords: U.S. initial unemployment claims, U.S. ISM non-manufacturing PMI</b><img src=\"https://static.tigerbbs.com/934b9ce9ec720ea73adde03d7e9ac816\" tg-width=\"655\" tg-height=\"249\">As the epidemic in the United States intensified, most state governments remained cautious. Although they restricted restaurant hours or occupancy, they did not close non-essential stores as they did in the early days of the epidemic in the United States in the spring. That could lead to a slowdown in hiring, dampening retail sales during the holiday shopping season. The economy could shrink again at the beginning of the year as government restrictions expand.</p><p>The number of jobless claims in the United States has picked up for two consecutive weeks, and the new business restrictions imposed to control the rising number of COVID-19 infections may have triggered a new wave of layoffs, or will further slow the recovery of the labor market. The latest wave of coronavirus infections and restrictions will weigh heavily on bars, restaurants, and other services that attract foot traffic.</p><p><b>Friday (December 4) Keywords: U.S. non-farm, together education technology NASDAQ listing</b><img src=\"https://static.tigerbbs.com/a5560cd1f3180802160c862d0bf44c11\" tg-width=\"655\" tg-height=\"344\">The U.S. employment population experienced a Waterloo-like decline in the spring, with more than 20 million jobs lost. About half of them have been recovered, but the rebound momentum is weakening. The heightened pandemic may also have led to a slowdown in hiring and started to dampen retail sales during the holiday shopping season.</p><p>The number of Americans receiving unemployment benefits under the pandemic relief package continued to rise in early November, according to a report released by the Labor Department. These plans expire on the second day of Christmas. That means millions of households will see their incomes drop dramatically over the Christmas holidays, which will make it harder for them to afford rent, groceries and other necessities.</p><p><b>In terms of new shares: Together Education Technology Nasdaq Listing</b></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Preview this week: \"Non-farm Super Week\" debuts! Meituan and other earnings reports hit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPreview this week: \"Non-farm Super Week\" debuts! Meituan and other earnings reports hit\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2020-11-30 06:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Abstract:</b>The monthly \"Non-Agricultural Super Week\" will debut; Meituan, zoom, salesforce and Buffett's love stock nowflake earnings report hit; Evergrande Property and One Education Technology are listed on the Hong Kong Stock Exchange and Nasdaq respectively.<b>Monday (November 30th) Keywords: China's official manufacturing PMI, Meituan, zoom earnings report</b><img src=\"https://static.tigerbbs.com/8edb3ef3e2dbe9b2031795268bbf7906\" tg-width=\"655\" tg-height=\"266\">According to the data released by the National Bureau of Statistics on October 31st, in October, China's manufacturing PMI was 51.4%. Although it was slightly lower than the previous month's 0.1 percentage point, it has been at 51.0% and above since July, and it has been in the expansion range for eight consecutive months.</p><p><b>In terms of earnings: Meituan, zoom earnings (after hours)</b></p><p><b>Tuesday (December 1) Keywords: US ISM manufacturing PMI, Powell attends economic relief hearing, salesforce, Lufax earnings report</b><img src=\"https://static.tigerbbs.com/224cf64a9cada7807c77cbd528c77f21\" tg-width=\"655\" tg-height=\"551\">The U.S. manufacturing industry has emerged from the low tide affected by the pandemic during the spring, but the recovery has not been even. While the output of consumer goods manufacturers has mostly returned to pre-pandemic levels, those producing other products have not recovered. The surge in Covid cases across the Upper Midwest is the latest challenge now. If officials restrict economic activity again to stem the spread of the virus, that would prolong the downturn for equipment makers and others who rely on strong corporate spending.</p><p>Federal Reserve Chair Powell said this month that an effective coronavirus vaccine is increasingly likely, which is good news for the economy in the coming months, but short-term risks remain as the pandemic continues to spread. Now is not the time to halt emergency plans aimed at mitigating the economic fallout of the pandemic, with case numbers now surging again and economic recovery still a long way to go.</p><p>U.S. Treasury Secretary Mnuchin surprised Fed officials by refusing to extend several of the Fed's anti-epidemic emergency loan programs that expired on December 31 and asking the Fed to return the unused funds of these programs. President-elect Biden said doing so was \"deeply irresponsible\" and threatened the fragile state of the nation's economy.</p><p><b>Financial reports: salesforce (after-hours), Lufax (after-hours), Momo (before-hours), Ctrip (after-hours)</b></p><p><b>Wednesday (December 2nd) Keywords: ADP jobs in the United States, Beige Book of the Federal Reserve, snowflake earnings report, Evergrande Property listed on HKEx</b><img src=\"https://static.tigerbbs.com/6e8c60ab5efd1c72e8134cfd7e3a2e36\" tg-width=\"655\" tg-height=\"322\">New York Fed President Williams said last week that positive news of potential vaccine development bodes well for the economy, which has rebounded much stronger than expected, but it could take several years for the economy to fully recover from the hit it took during the pandemic.</p><p>Williams said the U.S. economy is now more affected by fluctuations in coronavirus infections than restrictions on certain activities, and the surge in infections could slow economic growth. The loss of government aid that has been supporting families and small businesses could slow the recovery because people will not have as much money to spend.</p><p><b>On Earnings: snowflake (After Hours)</b></p><p><b>In terms of new shares: Evergrande Property landed on HKEx</b></p><p><b>Thursday (December 3) Keywords: U.S. initial unemployment claims, U.S. ISM non-manufacturing PMI</b><img src=\"https://static.tigerbbs.com/934b9ce9ec720ea73adde03d7e9ac816\" tg-width=\"655\" tg-height=\"249\">As the epidemic in the United States intensified, most state governments remained cautious. Although they restricted restaurant hours or occupancy, they did not close non-essential stores as they did in the early days of the epidemic in the United States in the spring. That could lead to a slowdown in hiring, dampening retail sales during the holiday shopping season. The economy could shrink again at the beginning of the year as government restrictions expand.</p><p>The number of jobless claims in the United States has picked up for two consecutive weeks, and the new business restrictions imposed to control the rising number of COVID-19 infections may have triggered a new wave of layoffs, or will further slow the recovery of the labor market. The latest wave of coronavirus infections and restrictions will weigh heavily on bars, restaurants, and other services that attract foot traffic.</p><p><b>Friday (December 4) Keywords: U.S. non-farm, together education technology NASDAQ listing</b><img src=\"https://static.tigerbbs.com/a5560cd1f3180802160c862d0bf44c11\" tg-width=\"655\" tg-height=\"344\">The U.S. employment population experienced a Waterloo-like decline in the spring, with more than 20 million jobs lost. About half of them have been recovered, but the rebound momentum is weakening. The heightened pandemic may also have led to a slowdown in hiring and started to dampen retail sales during the holiday shopping season.</p><p>The number of Americans receiving unemployment benefits under the pandemic relief package continued to rise in early November, according to a report released by the Labor Department. These plans expire on the second day of Christmas. That means millions of households will see their incomes drop dramatically over the Christmas holidays, which will make it harder for them to afford rent, groceries and other necessities.</p><p><b>In terms of new shares: Together Education Technology Nasdaq Listing</b></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/43c9944ab4911c3ec5db0803a9c18f85","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179543879","content_text":"摘要：每月一度的“非农超级周”将登场；美团、zoom、salesforce及巴菲特爱股nowflake财报来袭；恒大物业、一起教育科技分别于港交所、纳斯达克挂牌上市。周一(11月30日)关键词：中国官方制造业PMI、美团、zoom财报根据国家统计局10月31日公布的数据，10月份，中国制造业PMI为51.4%，虽略低于上月0.1个百分点，但自7月份以来始终位于51.0%及以上，已连续8个月处于扩张区间。财报方面：美团、zoom财报（盘后）周二(12月1日)关键词：美国ISM制造业PMI、鲍威尔出席经济救济听证会、salesforce、陆金所财报美国制造业已经走出春季期间受疫情影响的低潮，但是复苏态势并不平均。尽管消费品生产商的产出大多已经回到疫情前的水准，但生产其他产品的厂商则还没恢复元气。整个上中西部地区的新冠病例激增，是目前面临的最新挑战。如果官员们再次限制经济活动以阻止病毒的传播，那将延长设备制造商和其他依赖强劲企业支出者的低迷期。美联储主席鲍威尔本月表示，有效的新冠病毒疫苗出现的可能性越来越大，这对未来几个月的经济是个好消息，但由于新冠疫情继续蔓延，短期风险依然存在。现在还不是叫停旨在缓解大流行经济影响的紧急计划的时候，目前病例数再次激增，经济复苏还有很长的路要走。美国财长努钦拒绝延长几个12月31日到期的美联储抗疫紧急贷款计划，要求美联储归还这些计划未使用的资金，令美联储官员感到意外。当选总统拜登表示，这样做“是极度不负责任的”，威胁到美国脆弱的经济状况。财报方面：salesforce（盘后）、陆金所（盘后）、陌陌（盘前）、携程（盘后）周三(12月2日)关键词：美国ADP就业、美联储褐皮书、snowflake财报、恒大物业港交所挂牌美国纽约联储主席威廉姆斯上周表示，潜在疫苗开发的积极消息对经济来说是个好兆头，经济反弹比预期的要强劲得多，但经济可能需要几年时间才能从大流行期间遭受的打击中完全复苏。威廉姆斯表示，目前美国经济更多地受到新冠病毒感染波动的影响，而不是对某些活动的限制，感染人数激增可能会令经济增长放缓。失去一直支持家庭和小企业的政府援助可能会让经济复苏放缓，因为人们将没有那么多钱进行消费。财报方面：snowflake（盘后）新股方面：恒大物业登陆港交所周四(12月3日)关键词：美国初请失业金、美国ISM非制造业PMI美国疫情加剧，但多数州政府的动作仍然小心翼翼，虽然限制餐厅营业时间或内用人数，但并没有像春季美国疫情初期那样关闭非必需性商店。这可能导致招聘放缓，抑制假日购物季的零售销售。随着政府限制措施范围扩大，年初经济可能再度萎缩。美国初请失业金人数连续连续两周回升，为控制不断上升的新冠感染病例而实施的新商业限制可能引发了新一轮裁员潮，或将会进一步减缓劳动力市场的复苏。最新一波冠状病毒感染和限制措施将给酒吧、餐馆以及其他吸引人流的服务业带来沉重压力。周五(12月4日)关键词：美国非农、一起教育科技纳斯达克挂牌美国就业人口在春季经历滑铁卢式下降，流失的工作岗位超过2000万个，目前已挽回约半数，但反弹动能在减弱。疫情加剧可能也导致招聘放缓，并开始抑制假日购物季的零售销售。美国劳工部公布的报告显示，11月初，根据疫情救助计划领取失业救济金的美国人数继续上升。这些计划将在圣诞节第二天到期。这意味着数以百万计的家庭在圣诞假期期间收入将大幅下降，这将使他们更难以负担房租、杂货和其他生活必需品。新股方面：一起教育科技纳斯达克挂牌","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1028,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":391146184,"gmtCreate":1606524272248,"gmtModify":1704966057809,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/391146184","repostId":"1125299022","repostType":4,"isVote":1,"tweetType":1,"viewCount":903,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":302594978,"gmtCreate":1604666977494,"gmtModify":1704957303891,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302594978","repostId":"1114833301","repostType":2,"repost":{"id":"1114833301","kind":"news","pubTimestamp":1604665963,"share":"https://ttm.financial/m/news/1114833301?lang=en_US&edition=fundamental","pubTime":"2020-11-06 20:32","market":"us","language":"zh","title":"Nio surpasses GM, BMW and Ferrari's market value to become the sixth largest automaker in the world","url":"https://stock-news.laohu8.com/highlight/detail?id=1114833301","media":"互联网新风口  ","summary":"蔚来市值超过通用、宝马、法拉利11月5日美股收盘，中概股新能源汽车板块集体大涨。其中，蔚来收于42.35美元，上涨12.30%，市值达到576.88亿美元，创下新高。这一市值也超过了宝马、通用、法拉利","content":"<p><img src=\"https://static.tigerbbs.com/82b2406dad9f2590d515c8229e5254d4\" tg-width=\"624\" tg-height=\"399\"></p><p>Nio Cap More Than GM, BMW, Ferrari</p><p>On November 5th, the US stock market closed, and the new energy vehicle sector of China concept stocks collectively rose sharply. Among them, Nio closed at $42.35, up 12.30%, with a market capitalization of $57.688 billion, a new high. This market value also exceeds that of traditional car giants such as BMW, General Motors, Ferrari and Ford.</p><p>In terms of market capitalization, Nio has ranked 6th among the top ten manufacturers in the world, second only to Daimler,BYD,Volkswagen,Toyota and Tesla. Among the top ten market values of domestic Internet companies, China's market value has surpassed Baidu's, ranking 9th.</p><p>According to the data of China Automobile Association, the domestic new energy vehicle market only had 12,800 units in 2012 and increased to 1,206,000 units in 2019. From January to September this year, the cumulative sales volume of new energy vehicles in China has reached 734,000 units.</p><p>In recent years, the sales volume of new energy vehicle enterprises has increased sharply. Nio released data showing that it delivered 5,055 vehicles in October, up 100.1% year-on-year. From January to October, Nio has delivered a total of 31,430 vehicles, a year-on-year increase of 111.4%; XPeng released data showing that it delivered 3,040 units in October, a year-on-year increase of 229%. From January to October this year, XPeng vehicles delivered a total of 17,117 units, a year-on-year increase of 64%; According to the released data of Ideal, Ideal One delivered 3,692 vehicles in October, setting a new monthly delivery record for three consecutive months, and delivered a total of 21,852 vehicles from January to October.</p><p>Earlier this month, the General Office of the State Council officially released the New Energy Vehicle Industry Development Plan (2021-2035). The document points out that it is necessary to adhere to the development direction of electrification, networking and intelligence, focus on integration and innovation, break through key core technologies, optimize the industrial development environment, promote the high-quality and sustainable development of China's new energy automobile industry, and speed up the construction of a powerful automobile country.</p>","source":"lsy1600687823324","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio surpasses GM, BMW and Ferrari's market value to become the sixth largest automaker in the world</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio surpasses GM, BMW and Ferrari's market value to become the sixth largest automaker in the world\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">互联网新风口  </strong><span class=\"h-time small\">2020-11-06 20:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/82b2406dad9f2590d515c8229e5254d4\" tg-width=\"624\" tg-height=\"399\"></p><p>Nio Cap More Than GM, BMW, Ferrari</p><p>On November 5th, the US stock market closed, and the new energy vehicle sector of China concept stocks collectively rose sharply. Among them, Nio closed at $42.35, up 12.30%, with a market capitalization of $57.688 billion, a new high. This market value also exceeds that of traditional car giants such as BMW, General Motors, Ferrari and Ford.</p><p>In terms of market capitalization, Nio has ranked 6th among the top ten manufacturers in the world, second only to Daimler,BYD,Volkswagen,Toyota and Tesla. Among the top ten market values of domestic Internet companies, China's market value has surpassed Baidu's, ranking 9th.</p><p>According to the data of China Automobile Association, the domestic new energy vehicle market only had 12,800 units in 2012 and increased to 1,206,000 units in 2019. From January to September this year, the cumulative sales volume of new energy vehicles in China has reached 734,000 units.</p><p>In recent years, the sales volume of new energy vehicle enterprises has increased sharply. Nio released data showing that it delivered 5,055 vehicles in October, up 100.1% year-on-year. From January to October, Nio has delivered a total of 31,430 vehicles, a year-on-year increase of 111.4%; XPeng released data showing that it delivered 3,040 units in October, a year-on-year increase of 229%. From January to October this year, XPeng vehicles delivered a total of 17,117 units, a year-on-year increase of 64%; According to the released data of Ideal, Ideal One delivered 3,692 vehicles in October, setting a new monthly delivery record for three consecutive months, and delivered a total of 21,852 vehicles from January to October.</p><p>Earlier this month, the General Office of the State Council officially released the New Energy Vehicle Industry Development Plan (2021-2035). The document points out that it is necessary to adhere to the development direction of electrification, networking and intelligence, focus on integration and innovation, break through key core technologies, optimize the industrial development environment, promote the high-quality and sustainable development of China's new energy automobile industry, and speed up the construction of a powerful automobile country.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/956721404803457\">互联网新风口  </a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/82b2406dad9f2590d515c8229e5254d4","relate_stocks":{"NIO":"蔚来"},"source_url":"https://36kr.com/p/956721404803457","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114833301","content_text":"蔚来市值超过通用、宝马、法拉利11月5日美股收盘，中概股新能源汽车板块集体大涨。其中，蔚来收于42.35美元，上涨12.30%，市值达到576.88亿美元，创下新高。这一市值也超过了宝马、通用、法拉利、福特等传统车企巨头。按市值来计算，蔚来已跻身全球十大厂商，排名第6位，仅次于戴姆勒、比亚迪、大众、丰田、特斯拉。在国内互联网大厂前十市值排名中，蔚来市值已超过百度，位列第9。据中汽协的数据显示，国内新能源汽车市场2012年仅1.28万辆，2019年增长至120.6万辆。今年1-9月，国内新能源汽车累计销量已达到73.4万辆。近年来，新能源车企销量实现大幅上涨。蔚来汽车发布数据显示，10月实现交付5055辆，同比增长100.1%。1-10月，蔚来已累计实现交付31430辆，同比增长111.4％；小鹏汽车公布数据显示，10月实现交付3040台，同比增长229%。今年1-10月，小鹏汽车累计实现交付17117台，同比增长64%；理想公布数据显示，理想ONE10月实现交付3692辆，连续三个月刷新单月交付量纪录，1-10月累计实现交付21852辆。本月初，国务院办公厅正式发布《新能源汽车产业发展规划（2021－2035年）》。文件指出，要坚持电动化、网联化、智能化发展方向，以融合创新为重点，突破关键核心技术，优化产业发展环境，推动我国新能源汽车产业高质量可持续发展，加快建设汽车强国。","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":306663136,"gmtCreate":1604381758325,"gmtModify":1704955775401,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/306663136","repostId":"1193785921","repostType":4,"repost":{"id":"1193785921","kind":"news","pubTimestamp":1604371671,"share":"https://ttm.financial/m/news/1193785921?lang=en_US&edition=fundamental","pubTime":"2020-11-03 10:47","market":"sh","language":"zh","title":"Ant's Glory and Price: The Biggest IPO, the Strongest Tightening Curse","url":"https://stock-news.laohu8.com/highlight/detail?id=1193785921","media":"新金融琅琊榜","summary":"对蚂蚁而言，当前营收与盈利贡献最重要的微贷业务，被迫银行化了。","content":"<p>Author: Dong Yunfeng</p><p>For Ant, the current micro-loan business, which contributes the most to revenue and profit, has been forced to be banked. In our opinion, regulators have done nothing wrong, and the shouting of Jack Ma is not unreasonable. However, neither enterprises nor regulators can completely cross or break away from their era.</p><p>Yesterday was a day of explosions.</p><p>The history we have experienced is probably more exciting than all the scripts.</p><p>The largest IPO in history is about to be born, and the strongest new financial regulatory policy in history is also unveiled.</p><p>Ant Group, while crowned the king of A-share shares, will also wear a tightening curse.</p><p>And things may not be that bad.</p><p><b>01</b></p><p>On Oct. 24, the day after Ant determined its IPO pricing, Jack Ma was \"on fire\" at the Bund Financial Summit.</p><p>In front of many senior officials, he unceremoniously criticized banks for their over-reliance on collateral, that regulation could not govern the future in yesterday's way, and that the Basel agreement was like a club for the elderly.</p><p>In response to Jack Ma' remarks, the financial supervision system launched a series of counterattacks, directly or indirectly, by real name or pseudonym, from the central bank, China Banking and Insurance Regulatory Commission to the Financial Committee, from serving officials to retired officials.</p><p>The climax occurred yesterday evening. The website of the CSRC issued a press release entitled \"Joint Interview with Relevant Personnel of Ant Group by Four Departments\", which was only 65 words:</p><p>On November 2nd, the People's Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange conducted regulatory interviews with Jack Ma, the actual controller of Ant Group, Jing Xiandong, the chairman of the board, and Hu Xiaoming, the president.</p><p>On the surface, it seems that the radical remarks of Jack Ma angered the regulatory authorities, which led to these later regulatory actions.</p><p>Such an inference, of course, is absurd, underestimating Jack Ma and even more underestimating the regulatory authorities.</p><p>What people find incredible is that when the listing of ants has been settled, why did Jack Ma \"fire\" at the regulatory authorities in public on an unprecedented scale?</p><p>The Interim Measures for the Administration of Online Microfinance Business (Draft for Comments) (hereinafter referred to as the Draft for Comments), also published on the evening of November 2nd, gave the answer.</p><p><b>02</b></p><p>Micro-loan business is one of Ant's most important businesses at present, and this business is mainly carried out through its small loan companies.</p><p>According to the prospectus, Ant is the largest online consumer credit and credit platform for small and micro operators in China. By the end of June this year, the balance of consumer credit facilitated by ant platform was 1,732 billion yuan and that of small and micro operators was 421.7 billion yuan, totaling more than 2.1 trillion yuan.</p><p>According to the Draft for Comments, online small loan companies must be approved by China Banking and Insurance Regulatory Commission before they can carry out online loan business nationwide. Very few large online small loan companies will be under the full jurisdiction of China Banking and Insurance Regulatory Commission instead of local financial regulatory authorities.</p><p>The real key is leverage ratio, which is the issue of capital. The Draft for Comments stipulates that:</p><p>The balance of funds financed by a microfinance company operating online microfinance business through non-standardized financing forms such as bank loans and shareholder loans shall not exceed one time of its net assets; The balance of funds financed through the issuance of bonds, asset securitization products and other standardized creditor's assets shall not exceed four times of its net assets.</p><p>In a single joint loan, the capital contribution ratio of microfinance companies operating online microfinance business shall not be less than 30%.</p><p>The superposition of the above two provisions directly stuck the leverage ratio, making the regulatory standards of online small loans fully aligned with those of banks.</p><p>Currently, Ant works with around 100 banking partners for business, as well as trust companies. Among the loans facilitated by Ant, about 98% of the loans were actually lent by financial institution partners or have been securitized.</p><p>In translation, the loan balance of 2.1 trillion yuan is reflected in Ant's own balance sheet, which is only about 40 billion yuan (excluding the loan balance of 70 billion yuan of online merchant bank).</p><p>On the other hand, as of the end of June, the paid-in capital of Ant's two small loan companies totaled 16 billion yuan, and the net assets totaled 35.824 billion yuan; During the same period, the total assets of Ant Group were 315.898 billion yuan and the net assets were 214.931 billion yuan.</p><p>According to the analysis of the Institute of Financial Supervision, if the proportion of ants' capital contribution is increased to 30%, it means that at least 540 billion yuan of on-balance sheet loans, plus 170 billion yuan of ABS, will be needed to drive 1.8 trillion joint loans, and a total of 710 billion yuan will be needed through ants' small loans. According to the principle of up to five times the leverage of on-balance sheet loans, the capital of ant microloans needs to be expanded to 140 billion yuan.</p><p>In other words, the capital that ants need to supplement is likely to exceed 100 billion yuan.</p><p>For Ant, the current micro-loan business, which contributes the most to revenue and profit, has been forced to be banked. And this is perhaps the last thing Jack Ma wants.</p><p><b>03</b></p><p>Jack Ma is not \"shooting\" but shouting.</p><p>Network small loans are of great importance, and the Draft for Comments is the result of a long-term game. Before attending the Bund Financial Summit, Jack Ma had long known the relevant content.</p><p>What Jack Ma must accept is that the price of the ant crowning is to accept the strongest regulation.</p><p>Through this A + H listing, Ant will raise $35 billion, setting a record for the largest IPO in history. Based on the issue price alone, Ant is expected to surpass Kweichow Moutai and become the king of A-share shares.</p><p>At the same time, once the supervision of online small loans lands, ants need to consume nearly half of the raised funds according to the capital replenishment demand of stock credit business.</p><p>The real challenge is that in the future, the expansion space of Ant's micro-loan technology platform will be constrained.</p><p>It should be pointed out that the game between ants and supervision is not over yet. The supervision document of this online small loan is still in the stage of soliciting opinions, and everything still has variables. Whether it is the \"firing\" of Jack Ma or the counterattack of the regulatory authorities, it is all part of this game.</p><p>Perhaps we don't have to be so pessimistic. Historically speaking, the game between ants and supervision, no matter how fierce it seems, the final result is not bad.</p><p>No bragging, no blacking, all new financial practitioners should thank Jack Ma and Ants for their expedition. From mobile payment to fintech, their historical contributions are tremendous.</p><p>However, all new finance, in the final analysis, is still finance, and the innovation of financial supervision has boundaries. At this stage, ANT must accept the mainstream standards of contemporary financial regulation.</p><p>In the view of the new financial Langya List, the regulatory authorities have done nothing wrong, and the shouting of Jack Ma is not unreasonable. However, neither enterprises nor regulators can completely cross or break away from their era.</p><p>In addition, it can be expected that once the new policy of online small loans lands, ants will be forced to accelerate their expansion into innovative businesses in the non-financial field.</p><p>What is lost in the east corner, what is gained. In the long run, this is not necessarily a bad thing.</p>","source":"lsy1586849191071","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ant's Glory and Price: The Biggest IPO, the Strongest Tightening Curse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnt's Glory and Price: The Biggest IPO, the Strongest Tightening Curse\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新金融琅琊榜</strong><span class=\"h-time small\">2020-11-03 10:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Dong Yunfeng</p><p>For Ant, the current micro-loan business, which contributes the most to revenue and profit, has been forced to be banked. In our opinion, regulators have done nothing wrong, and the shouting of Jack Ma is not unreasonable. However, neither enterprises nor regulators can completely cross or break away from their era.</p><p>Yesterday was a day of explosions.</p><p>The history we have experienced is probably more exciting than all the scripts.</p><p>The largest IPO in history is about to be born, and the strongest new financial regulatory policy in history is also unveiled.</p><p>Ant Group, while crowned the king of A-share shares, will also wear a tightening curse.</p><p>And things may not be that bad.</p><p><b>01</b></p><p>On Oct. 24, the day after Ant determined its IPO pricing, Jack Ma was \"on fire\" at the Bund Financial Summit.</p><p>In front of many senior officials, he unceremoniously criticized banks for their over-reliance on collateral, that regulation could not govern the future in yesterday's way, and that the Basel agreement was like a club for the elderly.</p><p>In response to Jack Ma' remarks, the financial supervision system launched a series of counterattacks, directly or indirectly, by real name or pseudonym, from the central bank, China Banking and Insurance Regulatory Commission to the Financial Committee, from serving officials to retired officials.</p><p>The climax occurred yesterday evening. The website of the CSRC issued a press release entitled \"Joint Interview with Relevant Personnel of Ant Group by Four Departments\", which was only 65 words:</p><p>On November 2nd, the People's Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange conducted regulatory interviews with Jack Ma, the actual controller of Ant Group, Jing Xiandong, the chairman of the board, and Hu Xiaoming, the president.</p><p>On the surface, it seems that the radical remarks of Jack Ma angered the regulatory authorities, which led to these later regulatory actions.</p><p>Such an inference, of course, is absurd, underestimating Jack Ma and even more underestimating the regulatory authorities.</p><p>What people find incredible is that when the listing of ants has been settled, why did Jack Ma \"fire\" at the regulatory authorities in public on an unprecedented scale?</p><p>The Interim Measures for the Administration of Online Microfinance Business (Draft for Comments) (hereinafter referred to as the Draft for Comments), also published on the evening of November 2nd, gave the answer.</p><p><b>02</b></p><p>Micro-loan business is one of Ant's most important businesses at present, and this business is mainly carried out through its small loan companies.</p><p>According to the prospectus, Ant is the largest online consumer credit and credit platform for small and micro operators in China. By the end of June this year, the balance of consumer credit facilitated by ant platform was 1,732 billion yuan and that of small and micro operators was 421.7 billion yuan, totaling more than 2.1 trillion yuan.</p><p>According to the Draft for Comments, online small loan companies must be approved by China Banking and Insurance Regulatory Commission before they can carry out online loan business nationwide. Very few large online small loan companies will be under the full jurisdiction of China Banking and Insurance Regulatory Commission instead of local financial regulatory authorities.</p><p>The real key is leverage ratio, which is the issue of capital. The Draft for Comments stipulates that:</p><p>The balance of funds financed by a microfinance company operating online microfinance business through non-standardized financing forms such as bank loans and shareholder loans shall not exceed one time of its net assets; The balance of funds financed through the issuance of bonds, asset securitization products and other standardized creditor's assets shall not exceed four times of its net assets.</p><p>In a single joint loan, the capital contribution ratio of microfinance companies operating online microfinance business shall not be less than 30%.</p><p>The superposition of the above two provisions directly stuck the leverage ratio, making the regulatory standards of online small loans fully aligned with those of banks.</p><p>Currently, Ant works with around 100 banking partners for business, as well as trust companies. Among the loans facilitated by Ant, about 98% of the loans were actually lent by financial institution partners or have been securitized.</p><p>In translation, the loan balance of 2.1 trillion yuan is reflected in Ant's own balance sheet, which is only about 40 billion yuan (excluding the loan balance of 70 billion yuan of online merchant bank).</p><p>On the other hand, as of the end of June, the paid-in capital of Ant's two small loan companies totaled 16 billion yuan, and the net assets totaled 35.824 billion yuan; During the same period, the total assets of Ant Group were 315.898 billion yuan and the net assets were 214.931 billion yuan.</p><p>According to the analysis of the Institute of Financial Supervision, if the proportion of ants' capital contribution is increased to 30%, it means that at least 540 billion yuan of on-balance sheet loans, plus 170 billion yuan of ABS, will be needed to drive 1.8 trillion joint loans, and a total of 710 billion yuan will be needed through ants' small loans. According to the principle of up to five times the leverage of on-balance sheet loans, the capital of ant microloans needs to be expanded to 140 billion yuan.</p><p>In other words, the capital that ants need to supplement is likely to exceed 100 billion yuan.</p><p>For Ant, the current micro-loan business, which contributes the most to revenue and profit, has been forced to be banked. And this is perhaps the last thing Jack Ma wants.</p><p><b>03</b></p><p>Jack Ma is not \"shooting\" but shouting.</p><p>Network small loans are of great importance, and the Draft for Comments is the result of a long-term game. Before attending the Bund Financial Summit, Jack Ma had long known the relevant content.</p><p>What Jack Ma must accept is that the price of the ant crowning is to accept the strongest regulation.</p><p>Through this A + H listing, Ant will raise $35 billion, setting a record for the largest IPO in history. Based on the issue price alone, Ant is expected to surpass Kweichow Moutai and become the king of A-share shares.</p><p>At the same time, once the supervision of online small loans lands, ants need to consume nearly half of the raised funds according to the capital replenishment demand of stock credit business.</p><p>The real challenge is that in the future, the expansion space of Ant's micro-loan technology platform will be constrained.</p><p>It should be pointed out that the game between ants and supervision is not over yet. The supervision document of this online small loan is still in the stage of soliciting opinions, and everything still has variables. Whether it is the \"firing\" of Jack Ma or the counterattack of the regulatory authorities, it is all part of this game.</p><p>Perhaps we don't have to be so pessimistic. Historically speaking, the game between ants and supervision, no matter how fierce it seems, the final result is not bad.</p><p>No bragging, no blacking, all new financial practitioners should thank Jack Ma and Ants for their expedition. From mobile payment to fintech, their historical contributions are tremendous.</p><p>However, all new finance, in the final analysis, is still finance, and the innovation of financial supervision has boundaries. At this stage, ANT must accept the mainstream standards of contemporary financial regulation.</p><p>In the view of the new financial Langya List, the regulatory authorities have done nothing wrong, and the shouting of Jack Ma is not unreasonable. However, neither enterprises nor regulators can completely cross or break away from their era.</p><p>In addition, it can be expected that once the new policy of online small loans lands, ants will be forced to accelerate their expansion into innovative businesses in the non-financial field.</p><p>What is lost in the east corner, what is gained. In the long run, this is not necessarily a bad thing.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/2020-11-03/doc-iiznctkc9180349.shtml\">新金融琅琊榜</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fa39144d12709e38a4d1326c61b094d0","relate_stocks":{"06688":"蚂蚁集团"},"source_url":"https://finance.sina.com.cn/tech/2020-11-03/doc-iiznctkc9180349.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193785921","content_text":"作者：董云峰对蚂蚁而言，当前营收与盈利贡献最重要的微贷业务，被迫银行化了。在我们看来，监管部门并没有做错什么，马云的呼喊也并非没有道理。只不过，无论企业还是监管者，都无法完全跨越或者跳脱其所处的时代。昨天是炸裂的一天。我们所亲历的历史，大概比所有剧本都要精彩。史上最大IPO即将诞生，史上最强的新金融监管政策亦揭开面纱。蚂蚁集团，在加冕A股股王的同时，也将戴上紧箍咒。而事情或许没那么糟糕。0110月24日，蚂蚁确定IPO定价的第二天，马云在外滩金融峰会上“火力全开”。他当着众多高级官员的面，毫不客气地批评银行过度依赖抵押物，批评监管不能用昨天的办法管未来，批评巴塞尔协议像一个老年人俱乐部。针对马云的言论，金融监管系统展开了一连串的反击，直接或间接，实名或化名，从央行、银保监会到金融委，从在职官员到退休官员。高潮发生在昨日晚间，证监会网站发布了一条题为《四部门联合约谈蚂蚁集团有关人员》的新闻稿，只有短短65个字：11月2日，中国人民银行、中国银保监会、中国证监会、国家外汇管理局对蚂蚁集团实际控制人马云、董事长井贤栋、总裁胡晓明进行了监管约谈。表面上，似乎是马云的激进言论，惹怒了监管部门，这才有后面这些监管动作。如此推论，当然是荒谬的，低估了马云，更低估了监管部门。人们感到匪夷所思的是，在蚂蚁上市已经落定的情况下，马云为什么以前所未有的尺度，在公开场合向监管部门“开炮”？同样于11月2日晚间公布的《网络小额贷款业务管理暂行办法（征求意见稿）》（下称《征求意见稿》）给出了答案。02微贷业务是蚂蚁当前最重要的业务之一，该项业务主要通过旗下小贷公司展开。招股书显示，蚂蚁是中国最大的线上消费信贷和小微经营者信贷平台。截至今年6月末，蚂蚁平台促成的消费信贷余额为17,320亿元、小微经营者信贷余额为4,217亿元，合计超过2.1万亿元。按照《征求意见稿》，网络小贷公司必须经银保监会批准才能在全国范围内开展网络贷款业务，极个别大型的网络小贷公司，将由银保监会而不是地方金融监管部门全面管辖。真正的要害是杠杆率，也就是资本金问题。《征求意见稿》规定：经营网络小额贷款业务的小额贷款公司通过银行借款、股东借款等非标准化融资形式融入资金的余额不得超过其净资产的1倍；通过发行债券、资产证券化产品等标准化债权类资产形式融入资金的余额不得超过其净资产的4倍。在单笔联合贷款中，经营网络小额贷款业务的小额贷款公司的出资比例不得低于30%。上述两条规定叠加起来，直接卡死了杠杆率，使得网络小贷的监管标准全面向银行看齐。目前，蚂蚁与约100家银行合作伙伴合作开展业务，同时也与信托公司合作。在蚂蚁所促成的贷款中，大概98%的贷款由金融机构合作伙伴进行实际放款或已实现资产证券化。翻译过来就是，这2.1万亿元贷款余额，反映在蚂蚁自身的资产负债表当中的，仅有400亿元左右（不含网商银行的700亿元贷款余额）。另一方面，截至6月末，蚂蚁旗下两家小贷公司实收资本合计160亿元，净资产合计358.24亿元；同期蚂蚁集团总资产3158.98亿元，净资产2149.31亿元。根据金融监管研究院的分析，如果将蚂蚁出资比例提高到30%，意味着同样驱动1.8万亿联合贷款，需要至少5400亿元表内贷款，外加1700亿元ABS，总计需要通过蚂蚁小贷放款7100亿。而根据表内贷款最多5倍杠杆的原则，蚂蚁小贷资本金需要扩充到1400亿元的规模。也就是说，蚂蚁需要补充的资本金很可能超过1000亿元。对蚂蚁而言，当前营收与盈利贡献最重要的微贷业务，被迫银行化了。而这或许是马云最不希望发生的事情。03马云不是在“开炮”，而是在呼喊。网络小贷关系重大，《征求意见稿》是此前长期博弈之后的结果。在出席外滩金融峰会之前，马云早就知悉了相关内容。马云必须接受的是，蚂蚁加冕的代价，就是接受最强的监管。通过此次A+H上市，蚂蚁筹资规模将达到350亿美元，创下史上最大IPO记录。仅以发行价计算，蚂蚁有望超越贵州茅台，成为A股股王。与此同时，一旦网络小贷监管落地，按照存量信贷业务的资本补充需求计算，蚂蚁需要消耗接近一半的募集资金。真正的挑战是未来，蚂蚁微贷科技平台的扩张空间被束缚住了。需要指出的是，蚂蚁与监管的博弈仍未结束，这份网络小贷的监管文件还在征求意见阶段，一切尚有变数。不管是马云的“开炮”，还是监管部门的反击，都是这场博弈的一部分。或许我们不必那么悲观，从历史上来看，蚂蚁与监管的博弈，无论看似多么激烈，最后的结果都并不坏。不吹不黑，所有新金融从业者都应该感谢马云和蚂蚁的探险。从移动支付到金融科技，他们所作出的历史贡献都是巨大的。然而，一切新金融，归根到底还是金融，金融监管的创新是有边界的。在现阶段，蚂蚁必须接受当代金融监管的主流标准。在新金融琅琊榜看来，监管部门并没有做错什么，马云的呼喊也并非没有道理。只不过，无论企业还是监管者，都无法完全跨越或者跳脱其所处的时代。此外，可以预期的是，一旦网络小贷新政落地，将倒逼蚂蚁加速向非金融领域的创新业务拓展。失之东隅，收之桑榆。从长远来看，这未必是坏事。","news_type":1,"symbols_score_info":{"688688":0.9,"06688":0.9}},"isVote":1,"tweetType":1,"viewCount":691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":308516242,"gmtCreate":1604017544586,"gmtModify":1704954726070,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/308516242","repostId":"1161179026","repostType":4,"repost":{"id":"1161179026","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1603960360,"share":"https://ttm.financial/m/news/1161179026?lang=en_US&edition=fundamental","pubTime":"2020-10-29 16:32","market":"us","language":"zh","title":"Nio rose more than 5% before the market, and mass-production cars rolled off the assembly line in a single month to break through 5,000 units for the first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1161179026","media":"老虎资讯综合","summary":"周四，蔚来盘前股价大涨超5%。2020年10月29日，蔚来本月第5,000台整车在合肥先进制造基地量产下线。这是蔚来量产车单月下线首次突破5,000台，也是中国第一次有高端汽车品牌月产达到5,000台","content":"<p>On Thursday,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Shares surged more than 5% before the market.</p><p><img src=\"https://static.tigerbbs.com/ae3113ef3b7ed3ef0f4db082b0986730\" tg-width=\"800\" tg-height=\"497\"></p><p>On October 29, 2020, the 5,000th vehicle of Nio this month rolled off the production line at Hefei Advanced Manufacturing Base. This is the first time that a production car in Nio has exceeded 5,000 units in a single month, and it is also the first time that a high-end car brand in China has reached 5,000 units per month.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio rose more than 5% before the market, and mass-production cars rolled off the assembly line in a single month to break through 5,000 units for the first time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio rose more than 5% before the market, and mass-production cars rolled off the assembly line in a single month to break through 5,000 units for the first time\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2020-10-29 16:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Thursday,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Shares surged more than 5% before the market.</p><p><img src=\"https://static.tigerbbs.com/ae3113ef3b7ed3ef0f4db082b0986730\" tg-width=\"800\" tg-height=\"497\"></p><p>On October 29, 2020, the 5,000th vehicle of Nio this month rolled off the production line at Hefei Advanced Manufacturing Base. This is the first time that a production car in Nio has exceeded 5,000 units in a single month, and it is also the first time that a high-end car brand in China has reached 5,000 units per month.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0090cc485ea4ba6d267489389e83608b","relate_stocks":{"NIO":"蔚来"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161179026","content_text":"周四，蔚来盘前股价大涨超5%。2020年10月29日，蔚来本月第5,000台整车在合肥先进制造基地量产下线。这是蔚来量产车单月下线首次突破5,000台，也是中国第一次有高端汽车品牌月产达到5,000台。","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":831624226,"gmtCreate":1629325088265,"gmtModify":1676530000634,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831624226","repostId":"1186870898","repostType":4,"repost":{"id":"1186870898","kind":"news","pubTimestamp":1629286808,"share":"https://ttm.financial/m/news/1186870898?lang=en_US&edition=fundamental","pubTime":"2021-08-18 19:40","market":"us","language":"zh","title":"Rashomon: Nio official denied it was related to the \"500 owner statement\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1186870898","media":"新浪科技","summary":"有蔚来车主对此声明表达了异议，称他本人没有参与过那个声明。","content":"<p>On the evening of August 18, according to the financial network, Nio Automobile said: \"The'<b>500 Nio vehicle owners release joint statement on awareness of NOP/NP system'</b>It is a joint statement issued by the voluntary organization of car owners in Nio, and it is not related to the official. We also don't know the exact number of car owners. \"</p><p>In addition,<b>A Nio owner took issue with the statement, saying he had not participated in that statement himself.</b></p><p>Today, social media posted \"500<a href=\"https://laohu8.com/S/NIO\">Nio</a>Car Owners Issue a Joint Statement on NOP/NP System Cognition, which says: We are well aware of the current NP/NOP assisted driving system of Nio, rather than an autonomous driving system or unmanned driving system; The introduction and publicity of NP/NOP by Nio Company is not confusing or misleading to us.</p><p><img src=\"https://static.tigerbbs.com/0f1254fabfde6853f773eba64a7dc80c\" tg-width=\"677\" tg-height=\"2149\" referrerpolicy=\"no-referrer\"></p><p>Previously, Lin Lihong, the lawyer of the owner of Lin Wenqin's case, once questioned that Nio promoted autonomous driving as \"fraud\". Lin Lihong, a lawyer entrusted by Lin Wenqin's family to represent the case, previously said that the case is still under investigation and is currently waiting for technical appraisal of the vehicle.</p><p>Regarding the \"automatic assisted driving\" function of Nio vehicles, Lawyer Lin said, \"When most people buy a car, they listen to the salesperson to introduce how to use the car. In this case, when his salesperson gives operation guidance to users, he proposes that automatic driving can be realized, including one of which has not been deleted yet. We have also notarized such a page. He directly wrote about automatic driving without the word\" assisted \". Then we have a question. You didn't write your defects on all of these publicity pages, but told you after purchasing. The user manual says that I have various defects. You are fraudulent, you are fraudulent consumers. \"</p>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rashomon: Nio official denied it was related to the \"500 owner statement\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRashomon: Nio official denied it was related to the \"500 owner statement\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-08-18 19:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On the evening of August 18, according to the financial network, Nio Automobile said: \"The'<b>500 Nio vehicle owners release joint statement on awareness of NOP/NP system'</b>It is a joint statement issued by the voluntary organization of car owners in Nio, and it is not related to the official. We also don't know the exact number of car owners. \"</p><p>In addition,<b>A Nio owner took issue with the statement, saying he had not participated in that statement himself.</b></p><p>Today, social media posted \"500<a href=\"https://laohu8.com/S/NIO\">Nio</a>Car Owners Issue a Joint Statement on NOP/NP System Cognition, which says: We are well aware of the current NP/NOP assisted driving system of Nio, rather than an autonomous driving system or unmanned driving system; The introduction and publicity of NP/NOP by Nio Company is not confusing or misleading to us.</p><p><img src=\"https://static.tigerbbs.com/0f1254fabfde6853f773eba64a7dc80c\" tg-width=\"677\" tg-height=\"2149\" referrerpolicy=\"no-referrer\"></p><p>Previously, Lin Lihong, the lawyer of the owner of Lin Wenqin's case, once questioned that Nio promoted autonomous driving as \"fraud\". Lin Lihong, a lawyer entrusted by Lin Wenqin's family to represent the case, previously said that the case is still under investigation and is currently waiting for technical appraisal of the vehicle.</p><p>Regarding the \"automatic assisted driving\" function of Nio vehicles, Lawyer Lin said, \"When most people buy a car, they listen to the salesperson to introduce how to use the car. In this case, when his salesperson gives operation guidance to users, he proposes that automatic driving can be realized, including one of which has not been deleted yet. We have also notarized such a page. He directly wrote about automatic driving without the word\" assisted \". Then we have a question. You didn't write your defects on all of these publicity pages, but told you after purchasing. The user manual says that I have various defects. You are fraudulent, you are fraudulent consumers. \"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/2021-08-18/doc-ikqciyzm2183216.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/caa91e1c0f611544b6b14d39def99a86","relate_stocks":{"NIO":"蔚来"},"source_url":"https://finance.sina.com.cn/tech/2021-08-18/doc-ikqciyzm2183216.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186870898","content_text":"8月18日晚间消息，据财经网报道，蔚来汽车表示：“网上流传的'500名蔚来汽车车主发布对NOP/NP系统认知的联合声明'是蔚来车主自发组织发出的一个联合声明，与官方没有关联。车主具体人数我们也不知道。”\n另外，有蔚来车主对此声明表达了异议，称他本人没有参与过那个声明。\n今日，社交媒体上贴出《500名蔚来汽车车主发布对NOP/NP系统认知的联合声明》，文中称：我们清楚知悉目前蔚来公司的NP/NOP系辅助驾驶系统，而非自动驾驶系统或无人驾驶系统；蔚来公司对NP/NOP的介绍、宣传未对我们构成混淆和误导。\n\n此前，林文钦案车主律师林丽鸿曾质疑，蔚来宣传自动驾驶属于\"欺诈\"。 林文钦家属委托代理此案的律师林丽鸿此前表示现在案件还在调查当中，目前正等待对车辆进行技术鉴定。\n对于蔚来汽车“自动辅助驾驶”功能，林律师表示，“大部分人在购车时，是听销售人员给介绍这个车怎么进行使用，在这种情况之下，他的销售人员在给用户进行操作指导的时候，提出的就是说可以实现自动驾驶，包括它有一个目前还没有删掉，我们也都进行公证了这么一个页面，他直接写的是自动驾驶，没有“辅助”两个字，那么我们有个疑问，你在这些宣传页面上全部都没有写你的缺陷，而是在购买以后再告诉大家，用户手册里面有写我有各种缺陷，你这是欺诈，就是欺诈消费者。”","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2983,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896931133,"gmtCreate":1628550746322,"gmtModify":1703507828316,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896931133","repostId":"1115482984","repostType":4,"repost":{"id":"1115482984","kind":"news","pubTimestamp":1628514002,"share":"https://ttm.financial/m/news/1115482984?lang=en_US&edition=fundamental","pubTime":"2021-08-09 21:00","market":"us","language":"zh","title":"Rogers: The most brutal bear market in history may begin at this time","url":"https://stock-news.laohu8.com/highlight/detail?id=1115482984","media":" 腾讯美股","summary":"罗杰斯说道：“2008年时，股市的问题主要是在于，我们背负了太多债务。可是，2008年之后直至今天，债务更火箭一般窜升。因此，下一次我们遇到熊市时，只能比那次严酷得多。”\n\n现在，债券已经处在泡沫当中","content":"<p><b><i>Rogers said: \"In 2008, the problem with the stock market was mainly that we were saddled with too much debt. However, since 2008 and until today, debt has soared even more. So the next time we have a bear market, it can only be much harsher than that one.\"</i></b></p><p><img src=\"https://static.tigerbbs.com/a8632dfa3f7d3fb56cea770ea3ec93e9\" tg-width=\"1080\" tg-height=\"719\" referrerpolicy=\"no-referrer\"></p><p>Now bonds are in a bubble, and many stocks are bubbling, as are housing markets in South Korea, New Zealand and many other places, except for low commodity prices. In a recent interview, legendary investor Jim Rogers discussed his views on commodity investment, and predicted that by the end of 2021 or 2022, everything will be completely bubbled, and the ensuing bear market will eclipse all previous bear markets in history.</p><p>The following is the full text of the interview:</p><p>Q: One of the biggest news of late is that corporate America has become more cautious in the face of the Delta variant. Amazon, for example, has postponed the timeline for employees to return to work. However, it seems that the market simply doesn't think seriously about the new threat of the epidemic.</p><p>A: We have all seen that prices in almost any market in the world have gone above the horizon. This is unprecedented because central banks all over the world print so much money. I am not an expert on timing, but I am sure that everything will come to an end in the coming months. We will witness something unprecedented.</p><p>Q: Unlike stocks, commodity prices seem to be more sensitive to pandemic-related news, such as crude oil prices reacting immediately. Could the epidemic bring a domino effect to raw material prices, inflation and even corporate profits?</p><p>A: In fact, the lowest asset category in the world at present is commodities. Bond markets all over the world are already in a bubble. Equity markets are also beginning to form bubbles in many places. Housing markets in South Korea, New Zealand and many other places have also bubbled. Goods are still cheap, though. The price of silver is 50% lower than its all-time high, and the price of oil is 50% lower. I certainly can't predict the exact changes in oil prices this week, but given the continued decline in known reserves and the bursting of the fracking bubble, I think the oil market is expected to show strength in the coming months. Every day, every week is hard to predict, but we all know that oil prices have fallen a lot from their all-time highs.</p><p>Q; You say reserves dwindling, fracking bubbles bursting, these are all supply side factors, but what is the outlook on the demand side? The world is moving to electric cars and the like, moving away from fossil fuels. Doesn't this mean that the fundamentals of oil can no longer be so strong?</p><p>A: It is true that the future of our world belongs to electric vehicles, which is already clear, but the whole process will take a long time. Henry Ford's wife owned an electric car. She didn't like internal combustion engines and believed that electric cars marked the future, but it was more than a hundred years ago. Yes, electric cars in the true sense of the word are already here, but changes can't be done overnight either. At the same time, oil reserves have continued to decline. I certainly don't mean to ask everyone to rush to speculate on oil, but I really have not given up hope for oil prices.</p><p>Q: So what do you think of the long-term outlook for oil prices? Under what circumstances will you decide that the crude oil game has really come to an end?</p><p>Many alternative energy sources have come to us, especially solar energy, wind energy, tidal energy, etc., but it will take a long time for these to really develop. As I said earlier, oil prices are 50 percent off their all-time highs, and the world's proven reserves continue to decline. The fracturing bubble burst, while reserves were simultaneously dwindling. In view of this, I would not be surprised if oil prices jumped in the next two or three years because of supply and demand. We have to remember that the coin has two sides. Electric cars are indeed evolving, but it will take time, and the old Ford's wife has proven it.</p><p>Q: What is the situation with agricultural commodities, especially canteens? This also has something to do with defossilizing energy. Indian Prime Minister Narendra Modi is now pushing for ethanol-fueled cars. He hopes that all car fuels will be blended with 80% ethanol by 2025. What do you think of the future of sugar?</p><p>A: Speaking of ethanol-fueled cars, Brazilians are already trying to develop them. The Americans are also using corn as a raw material to exploit. Agricultural-based fuels are entirely feasible. We will have more electric vehicles, and the latter will benefit the prices of many commodities. Electric cars require several times more copper, lead and nickel than ordinary cars. In the same way, cars fueled by sugar or corn or other agricultural products will also increase demand for the corresponding commodities. The use of oil is decreasing. There are many ways to trade commodities, and again, as I said earlier, commodities are the cheapest of all major assets so far in 2021.</p><p>Q: You've been a long-time bull pie for silver and gold. Let's take a look back at what has happened in just two weeks. Real yields on U.S. Treasury Bond have fallen to new lows, and the US Dollar Index has been sluggish. It seems that everything is ready for the gold price rise, and all it needs is the east wind, but the rise has not happened. What do you think about this?</p><p>A: I haven't bought either silver or gold lately, but I want to emphasize again that I'm not a good trader. I am still waiting for the consolidation of silver and gold to deepen further. If I had to buy now, I would buy more silver than gold. Silver is 50% below its all-time high, while gold is only 10% away. In short, I certainly won't buy at the moment, but when I buy again, I will probably buy much more silver than gold.</p><p>Q: Do you still see the dollar as a safe haven, as you did in the past, or have you discovered other asset classes that are better than the dollar as a safe haven?</p><p>A: I still hold US dollars. The dollar had been lower for a while before the recent rally. When things go wrong, people will look for safe havens, and I estimate that they will invest dollars in return at least once or twice in the future. However, we must know that no reserve currency in history has sustained this status for a hundred or a hundred and fifty years. The dollar has been holding that identity for a while, and maybe it's all nearing the end. Of course, this will not happen this year, and it is unlikely that it will happen within two or three years, but given the alarming debt burden of the United States, this position of the dollar is actually very fragile.</p><p>Who can replace the dollar? I didn't know that. Yes, many people, including me, have invested in silver, but I still don't know which currency in the world can replace the US dollar. Of course, everyone is looking for a rival to the dollar, after all, the United States is already the number one debtor in global history.</p><p>Q: What is your judgment on the future direction of interest rates? How long can the current low interest rate policy of global central banks last under the threat of high inflation prospects?</p><p>A: Bonds are obviously in a bubble. Bond prices have never been more expensive in the history of the world we know, and it also needs to be seen that we are about to face higher interest rates. The major central banks will rack their brains to keep interest rates as low as possible, but sooner or later the market will say we don't care anymore and we don't want to play this game anymore.</p><p>Central bankers want to keep interest rates as low as possible, but there are mountains of debt everywhere. The supply of debt is staggering and inflation is coming. All these fundamentals point to interest rates. I'm not buying or shorting now, but there is no doubt that interest rates will have to go higher sooner or later, maybe not this quarter, but they will always not run in the next two or three years.</p><p>Q: As we all know, the European Central Bank has made it clear that negative interest rates will be around for longer, the Bank of England has also said that it is difficult for them to turn hawkish given the troubles of the Delta variant outbreak, and the US Federal Reserve has also said that rate hike is still a long way behind. What do you think? Are markets starting to sense the potential for a rate hike, and does that mean stocks are approaching their apex?</p><p>A: Sooner or later, there will be a day when the market will tell the central bank that we don't care, just add the rate hike when it is time. The market will always regain control of interest rates, and by then all stocks, real estate, loans, etc. will be in major trouble, because after the market gets control, interest rates will become very high. As I have said, the supply of bonds is surprisingly large now, and there will be more coming to the market in the future. Inflation is here too. These are the most fundamental fundamentals that will drive interest rates higher. As for the central bank, they have lost control many times in the past, and this time they will eventually lose it. By then, the stock market will have the worst bear market of my life.</p><p>In 2008, the problem with the stock market was mainly that we were saddled with too much debt. However, from 2008 to today, the debt has generally soared like a rocket. So the next time we have a bear market, it can only be much harsher than that one.</p><p>Q: We have seen that so far this year, emerging markets have not performed as well as developed countries. What do you think is causing this? And what do higher interest rates mean for emerging markets and developed countries?</p><p>These things often originate from the edge of the market, where people don't pay much attention. We have now seen some banks in emerging markets and some small countries in trouble. When Lehman Brothers went bankrupt in 2008, everyone knew trouble was coming, but in reality, problems had been brewing in many markets around the world for months before that. However, although there are signs of problems, I am not selling the stock because there are still many stocks in many markets around the world that are not bubbling.</p><p>My expectation is that eventually everything will go into a bubble, but that may not be until later this year, or maybe 2022, when the finale will also come and we will have a terrible big bear market. I'm not a doomsday prophet, I'm just saying that the size of debt today is even more alarming than it was in 2008, and that the next bear market will eclipse all other bear markets in history.</p>","source":"txmg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rogers: The most brutal bear market in history may begin at this time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRogers: The most brutal bear market in history may begin at this time\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\"> 腾讯美股</strong><span class=\"h-time small\">2021-08-09 21:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b><i>Rogers said: \"In 2008, the problem with the stock market was mainly that we were saddled with too much debt. However, since 2008 and until today, debt has soared even more. So the next time we have a bear market, it can only be much harsher than that one.\"</i></b></p><p><img src=\"https://static.tigerbbs.com/a8632dfa3f7d3fb56cea770ea3ec93e9\" tg-width=\"1080\" tg-height=\"719\" referrerpolicy=\"no-referrer\"></p><p>Now bonds are in a bubble, and many stocks are bubbling, as are housing markets in South Korea, New Zealand and many other places, except for low commodity prices. In a recent interview, legendary investor Jim Rogers discussed his views on commodity investment, and predicted that by the end of 2021 or 2022, everything will be completely bubbled, and the ensuing bear market will eclipse all previous bear markets in history.</p><p>The following is the full text of the interview:</p><p>Q: One of the biggest news of late is that corporate America has become more cautious in the face of the Delta variant. Amazon, for example, has postponed the timeline for employees to return to work. However, it seems that the market simply doesn't think seriously about the new threat of the epidemic.</p><p>A: We have all seen that prices in almost any market in the world have gone above the horizon. This is unprecedented because central banks all over the world print so much money. I am not an expert on timing, but I am sure that everything will come to an end in the coming months. We will witness something unprecedented.</p><p>Q: Unlike stocks, commodity prices seem to be more sensitive to pandemic-related news, such as crude oil prices reacting immediately. Could the epidemic bring a domino effect to raw material prices, inflation and even corporate profits?</p><p>A: In fact, the lowest asset category in the world at present is commodities. Bond markets all over the world are already in a bubble. Equity markets are also beginning to form bubbles in many places. Housing markets in South Korea, New Zealand and many other places have also bubbled. Goods are still cheap, though. The price of silver is 50% lower than its all-time high, and the price of oil is 50% lower. I certainly can't predict the exact changes in oil prices this week, but given the continued decline in known reserves and the bursting of the fracking bubble, I think the oil market is expected to show strength in the coming months. Every day, every week is hard to predict, but we all know that oil prices have fallen a lot from their all-time highs.</p><p>Q; You say reserves dwindling, fracking bubbles bursting, these are all supply side factors, but what is the outlook on the demand side? The world is moving to electric cars and the like, moving away from fossil fuels. Doesn't this mean that the fundamentals of oil can no longer be so strong?</p><p>A: It is true that the future of our world belongs to electric vehicles, which is already clear, but the whole process will take a long time. Henry Ford's wife owned an electric car. She didn't like internal combustion engines and believed that electric cars marked the future, but it was more than a hundred years ago. Yes, electric cars in the true sense of the word are already here, but changes can't be done overnight either. At the same time, oil reserves have continued to decline. I certainly don't mean to ask everyone to rush to speculate on oil, but I really have not given up hope for oil prices.</p><p>Q: So what do you think of the long-term outlook for oil prices? Under what circumstances will you decide that the crude oil game has really come to an end?</p><p>Many alternative energy sources have come to us, especially solar energy, wind energy, tidal energy, etc., but it will take a long time for these to really develop. As I said earlier, oil prices are 50 percent off their all-time highs, and the world's proven reserves continue to decline. The fracturing bubble burst, while reserves were simultaneously dwindling. In view of this, I would not be surprised if oil prices jumped in the next two or three years because of supply and demand. We have to remember that the coin has two sides. Electric cars are indeed evolving, but it will take time, and the old Ford's wife has proven it.</p><p>Q: What is the situation with agricultural commodities, especially canteens? This also has something to do with defossilizing energy. Indian Prime Minister Narendra Modi is now pushing for ethanol-fueled cars. He hopes that all car fuels will be blended with 80% ethanol by 2025. What do you think of the future of sugar?</p><p>A: Speaking of ethanol-fueled cars, Brazilians are already trying to develop them. The Americans are also using corn as a raw material to exploit. Agricultural-based fuels are entirely feasible. We will have more electric vehicles, and the latter will benefit the prices of many commodities. Electric cars require several times more copper, lead and nickel than ordinary cars. In the same way, cars fueled by sugar or corn or other agricultural products will also increase demand for the corresponding commodities. The use of oil is decreasing. There are many ways to trade commodities, and again, as I said earlier, commodities are the cheapest of all major assets so far in 2021.</p><p>Q: You've been a long-time bull pie for silver and gold. Let's take a look back at what has happened in just two weeks. Real yields on U.S. Treasury Bond have fallen to new lows, and the US Dollar Index has been sluggish. It seems that everything is ready for the gold price rise, and all it needs is the east wind, but the rise has not happened. What do you think about this?</p><p>A: I haven't bought either silver or gold lately, but I want to emphasize again that I'm not a good trader. I am still waiting for the consolidation of silver and gold to deepen further. If I had to buy now, I would buy more silver than gold. Silver is 50% below its all-time high, while gold is only 10% away. In short, I certainly won't buy at the moment, but when I buy again, I will probably buy much more silver than gold.</p><p>Q: Do you still see the dollar as a safe haven, as you did in the past, or have you discovered other asset classes that are better than the dollar as a safe haven?</p><p>A: I still hold US dollars. The dollar had been lower for a while before the recent rally. When things go wrong, people will look for safe havens, and I estimate that they will invest dollars in return at least once or twice in the future. However, we must know that no reserve currency in history has sustained this status for a hundred or a hundred and fifty years. The dollar has been holding that identity for a while, and maybe it's all nearing the end. Of course, this will not happen this year, and it is unlikely that it will happen within two or three years, but given the alarming debt burden of the United States, this position of the dollar is actually very fragile.</p><p>Who can replace the dollar? I didn't know that. Yes, many people, including me, have invested in silver, but I still don't know which currency in the world can replace the US dollar. Of course, everyone is looking for a rival to the dollar, after all, the United States is already the number one debtor in global history.</p><p>Q: What is your judgment on the future direction of interest rates? How long can the current low interest rate policy of global central banks last under the threat of high inflation prospects?</p><p>A: Bonds are obviously in a bubble. Bond prices have never been more expensive in the history of the world we know, and it also needs to be seen that we are about to face higher interest rates. The major central banks will rack their brains to keep interest rates as low as possible, but sooner or later the market will say we don't care anymore and we don't want to play this game anymore.</p><p>Central bankers want to keep interest rates as low as possible, but there are mountains of debt everywhere. The supply of debt is staggering and inflation is coming. All these fundamentals point to interest rates. I'm not buying or shorting now, but there is no doubt that interest rates will have to go higher sooner or later, maybe not this quarter, but they will always not run in the next two or three years.</p><p>Q: As we all know, the European Central Bank has made it clear that negative interest rates will be around for longer, the Bank of England has also said that it is difficult for them to turn hawkish given the troubles of the Delta variant outbreak, and the US Federal Reserve has also said that rate hike is still a long way behind. What do you think? Are markets starting to sense the potential for a rate hike, and does that mean stocks are approaching their apex?</p><p>A: Sooner or later, there will be a day when the market will tell the central bank that we don't care, just add the rate hike when it is time. The market will always regain control of interest rates, and by then all stocks, real estate, loans, etc. will be in major trouble, because after the market gets control, interest rates will become very high. As I have said, the supply of bonds is surprisingly large now, and there will be more coming to the market in the future. Inflation is here too. These are the most fundamental fundamentals that will drive interest rates higher. As for the central bank, they have lost control many times in the past, and this time they will eventually lose it. By then, the stock market will have the worst bear market of my life.</p><p>In 2008, the problem with the stock market was mainly that we were saddled with too much debt. However, from 2008 to today, the debt has generally soared like a rocket. So the next time we have a bear market, it can only be much harsher than that one.</p><p>Q: We have seen that so far this year, emerging markets have not performed as well as developed countries. What do you think is causing this? And what do higher interest rates mean for emerging markets and developed countries?</p><p>These things often originate from the edge of the market, where people don't pay much attention. We have now seen some banks in emerging markets and some small countries in trouble. When Lehman Brothers went bankrupt in 2008, everyone knew trouble was coming, but in reality, problems had been brewing in many markets around the world for months before that. However, although there are signs of problems, I am not selling the stock because there are still many stocks in many markets around the world that are not bubbling.</p><p>My expectation is that eventually everything will go into a bubble, but that may not be until later this year, or maybe 2022, when the finale will also come and we will have a terrible big bear market. I'm not a doomsday prophet, I'm just saying that the size of debt today is even more alarming than it was in 2008, and that the next bear market will eclipse all other bear markets in history.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/ZQHN04kynwSMO59PKBpggQ\"> 腾讯美股</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a8632dfa3f7d3fb56cea770ea3ec93e9","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/ZQHN04kynwSMO59PKBpggQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115482984","content_text":"罗杰斯说道：“2008年时，股市的问题主要是在于，我们背负了太多债务。可是，2008年之后直至今天，债务更火箭一般窜升。因此，下一次我们遇到熊市时，只能比那次严酷得多。”\n\n现在，债券已经处在泡沫当中，而许多股票也开始泡沫化，同样泡沫化的还有韩国、新西兰和许多其他地方的房市，唯有大宗商品价格还算低廉。近日接受采访时，传奇投资人罗杰斯（Jim Rogers）讨论了自己对商品投资的看法，并预言说，到2021年底或者2022年，所有一切都将彻底泡沫化，而接踵而至的熊市将令史上之前的所有熊市黯然失色。\n以下即访谈全文：\n问：近期，最重大的新闻之一就是，面对德尔塔变种病毒的来袭，美国企业界变得更加谨慎了。比如，亚马逊已经推迟了员工返回工作的时间表。可是看上去，市场似乎对疫情的全新威胁根本不以为然。\n答：我们都已经看到了，几乎世界任何地方的市场，价格都涨破了天际。这堪称是史无前例，因为全世界的央行印出了这么多的钞票。我并不是什么选时操作的行家里手，但是我确信，一切都会在未来几个月画上句号。我们将目睹前所未有的一幕。\n问：与股票有所不同，商品价格看上去对于疫情相关新闻更加敏感一些，比如原油价格当即就做出了反应。疫情是否可能会给原材料价格、通货膨胀，乃至企业盈利带去一场骨牌效应？\n答：事实上，当前全世界价格最低廉的资产门类正是大宗商品。全世界的债市都已经处在泡沫当中。许多地方的股市也开始形成泡沫。韩国、新西兰和不少其他地方的房市也泡沫化了。不过，商品依然廉价。银的价格与历史最高点相比低了50%，石油价格也低了50%。我当然预测不了油价本周的具体变化，不过鉴于已知的储量持续减少，而压裂泡沫已经破灭，因此我觉得，未来几个月来说，石油市场预计还会呈现出强势。每一天每一周的情况难以预测，但是我们都知道，油价与历史最高点相比已经下跌了很多。\n问；你说储量减少，压裂泡沫破灭，这些都是供应面因素，但是需求面前景如何呢？这个世界正在转向电动汽车之类，逐渐远离化石燃料。难道这不是说明，石油的基本面已经不可能再那么强势了吗？\n答：确实，我们这个世界的未来属于电动汽车，这已经很清楚了，但是整个过程还需要很长的时间。老福特（Henry Ford）的太太就有一部电动汽车，她不喜欢内燃机，坚信电动汽车才标志着未来，但是说起来，那都是一百多年前的事情了。是的，真正意义上的电动汽车已经来了，但是变化也不可能一夜间完成。与此同时，石油储备还在持续下滑。我的意思当然不是要大家都赶快去炒石油，但是我对于石油价格确实没有放弃希望。\n问：那么你对油价的长期前景怎么看？到了怎样的情况下，你才会认定原油游戏真的到了落幕的时候？\n许多替代性能源都来到了我们面前，尤其是太阳能、风能、潮汐能等，但是这些真正发展起来都需要很长时间。我前面说了，油价距离历史最高点有50%的差距，而全世界的已探明储量都在持续下滑。压裂法的泡沫破灭了，而储量同时在减少。有鉴于此，如果油价因为供求关系的缘故在未来两三年内大涨，我是丝毫不会感到吃惊的。我们要记住，硬币是有两面的。电动汽车确实在发展，但是这需要时间，老福特的太太已经证明了这一点。\n问：农业大宗商品，尤其是食堂的情况怎样？这也和去化石能源有一定关系。印度总理莫迪现在正力推燃料乙醇汽车，他希望到2025年，所有的汽车燃料都能够混合80%乙醇。你对食糖的前景怎么看？\n答：说起乙醇燃料汽车，巴西人已经在努力发展了。美国人也在以玉米为原料开发。基于农产品的燃料完全是可行的。我们将拥有更多电动汽车，后者将令许多大宗商品的价格从中获益。电动汽车需要的铜、铅、镍都要数倍于普通汽车。同理，以食糖或者玉米或者其他农产品为燃料的汽车，也会令相应商品需求大增。石油的使用则是递减的态势。要交易大宗商品，我们有许多方法可以选择，而且还是前面说的那句话，大宗商品是2021年迄今为止所有主要资产当中价格最为低廉的。\n问：你一直是白银和黄金的长期牛派。让我们来回顾一下过去短短两周时间都发生了什么。美国国债的真实收益率跌到了新低，美元指数表现也很低迷。看上去，黄金价格涨势已经是万事俱备，只欠东风了，但是涨势却没有发生。你对此怎么看？\n答：我最近白银和黄金两者都没有买进，但是我要再强调一下，我不是一个好的交易者。我还在等待白银和黄金的盘整行情进一步深化。如果非要我现在就买进，与黄金相比，我会更多买进白银。白银较之历史最高点，当前的价位低了50%，而黄金的距离只有10%。总之，我在当下当然是都不会买进的，但是当我再度买进，我买进的白银估计要比黄金多得多。\n问：你还是像过去那样，认为美元是一个避风港，或者是你已经发现了其他的资产门类，后者作为避风港比美元更加出色？\n答：我依然持有美元。在近期的涨势前，美元已经走低了一段时间。当局面出现问题，人们就会去寻找避风港，我估计，他们至少未来一两次之内，还会投入美元的回报。只不过，我们必须知道，历史上，没有任何一种储备货币能够持续保持这种身份一百年或者一百五十年。美元拥有这种身份已经一段时间了，也许一切已经快到了尾声了。当然，这不会在今年发生，也不大可能在两三年内，但是考虑到美国债务负担如此惊人，美元的这个地位其实已经很脆弱了。\n谁能够代替美元？我并不知道。是的，包括我在内，许多人都投资了白银，但是我依然不知道现在世界上有哪种货币可以取代美元。当然，大家都在寻找美元的竞争对手，毕竟美国已经是全球历史上的头号债务国。\n问：你对利率未来的走向有何判断？在高通货膨胀前景的威胁之下，全球央行当下的低利率政策还能够延续多久？\n答：债券显然是处在泡沫当中的。在我们已知的世界历史上，债价从未如此昂贵，而且还需要看到，我们即将面对更高的利率。各大央行会绞尽脑汁，尽可能保持低利率，但是市场迟早会说我们不在乎了，我们不想再玩这场游戏了。\n央行银行家们想要尽可能保持低利率，但是各处都已经债如山积。债务供应量惊人，通货膨胀就要来了。所有这些基本面都指向了利率，我现在不买进也不做空，但是毫无疑问，利率迟早必须走高，也许不是这个季度，但是未来两三年里总是没有跑的。\n问：众所周知，欧洲央行已经明确表示，负利率将存在更长时间，英国央行也说，鉴于德尔塔变种病毒疫情爆发的麻烦，他们很难转向鹰派，而美国联储也表示，加息还是很远之后的事情。你觉得呢？市场是否已经开始感知到加息的潜在可能，而这是否意味着股市正在接近顶点？\n答：迟早会有那么一天，市场将告诉央行说，我们不在乎，该加息就加吧。市场总会重新获得利率的控制权，而到那时候，所有的股票、房地产、贷款等就将遇到重大的麻烦，因为市场得到控制权之后，利率将变得非常高。我已经说了，现在债券的供应量大到惊人，而且未来还将有更多债券来到市场上。通货膨胀也在这里了。这些都是最基本的基本面，将会推动利率走高。至于央行，他们过去也曾经多次失去控制权，而这一次最终也将失去，到那时候，股市就将遭遇我一生时间当中最可怕的熊市了。\n2008年时，股市的问题主要是在于，我们背负了太多债务。可是，2008年之后直至今天，债务更火箭一般窜升。因此，下一次我们遇到熊市时，只能比那次严酷得多。\n问：我们看到，今年迄今为止，新兴市场的表现是不及发达国家的。你觉得这是什么造成的？还有，更高的利率对于新兴市场和发达国家又各自意味着什么？\n这些事情往往都缘起于市场的边缘，人们不怎么重视的地方。我们现在已经看到新兴市场的一些银行和一些小国家遇到麻烦。2008年的时候，雷曼兄弟破产了，所有人就都知道麻烦来了，但是实际上，在那之前，问题已经在世界许多市场上酝酿了数月之久了。不过，虽然出现了问题的迹象，但是我现在并没有因此卖掉股票，因为在世界许多市场上，依然有不少股票并没有泡沫化。\n我的预期是，最终所有一切都会进入泡沫阶段，但是那也许要等到今年晚些时候，或者是2022年，那时也将是大结局到来的时间，我们将遭遇一场可怕的大熊市。我不是什么末日预言家，我只是要说，今天的债务规模比起2008年来还要更加惊人，而下一次熊市将令历史上所有其他熊市黯然失色。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2894,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839780709,"gmtCreate":1629181638701,"gmtModify":1676529956560,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"68","listText":"68","text":"68","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839780709","repostId":"1160450308","repostType":4,"repost":{"id":"1160450308","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629178964,"share":"https://ttm.financial/m/news/1160450308?lang=en_US&edition=fundamental","pubTime":"2021-08-17 13:42","market":"other","language":"zh","title":"Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1160450308","media":"老虎资讯综合","summary":"8月17日讯，恒生科技指数跌超3%，恒指跌超1.5%，新东方跌近10%。","content":"<p>On August 17th, the Hang Seng Technology Index fell by more than 3% and the Hang Seng Index fell by more than 1.5%.<a href=\"https://laohu8.com/S/09901\">New Oriental</a>It fell nearly 10%.<img src=\"https://static.tigerbbs.com/ded08728975191b888c9bda4a4129550\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ 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13:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 17th, the Hang Seng Technology Index fell by more than 3% and the Hang Seng Index fell by more than 1.5%.<a href=\"https://laohu8.com/S/09901\">New Oriental</a>It fell nearly 10%.<img src=\"https://static.tigerbbs.com/ded08728975191b888c9bda4a4129550\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"513600":"恒生指数ETF南方","EDU":"新东方","09901":"新东方-S","HSTECH":"恒生科技指数","02833":"恒指ETF","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160450308","content_text":"8月17日讯，恒生科技指数跌超3%，恒指跌超1.5%，新东方跌近10%。","news_type":1,"symbols_score_info":{"513600":0.9,"09901":0.9,"HSImain":0.9,"MCHmain":0.9,"HSTECH":0.9,"HHImain":0.9,"EDU":0.9,"HSI":0.9,"MHImain":0.9,"02833":0.9}},"isVote":1,"tweetType":1,"viewCount":3203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896997939,"gmtCreate":1628550605621,"gmtModify":1703507822529,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896997939","repostId":"1109758241","repostType":4,"repost":{"id":"1109758241","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628519607,"share":"https://ttm.financial/m/news/1109758241?lang=en_US&edition=fundamental","pubTime":"2021-08-09 22:33","market":"other","language":"zh","title":"[Change] Popular Chinese stocks soared, and shells rose by more than 14%","url":"https://stock-news.laohu8.com/highlight/detail?id=1109758241","media":"老虎资讯综合","summary":"8月9日，贝壳盘中涨幅扩大至14%，其它热门中概股中，网易涨超6%，高途、拼多多涨超4%，新东方涨超3%，京东、哔哩哔哩涨超2%。","content":"<p>On August 9,<a href=\"https://laohu8.com/S/BEKE\">Shell</a>The intraday gain expanded to 14%. Among other popular Chinese stocks,<a href=\"https://laohu8.com/S/NTES\">Netease</a>rose by more than 6%,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>rose by more than 4%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>rose by more than 3%,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 2%.</p><p><img src=\"https://static.tigerbbs.com/20bd24bdf387643c38ec0fbfa338eaa9\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>[Change] Popular Chinese stocks soared, and shells rose by more than 14%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Change] Popular Chinese stocks soared, and shells rose by more than 14%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-09 22:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 9,<a href=\"https://laohu8.com/S/BEKE\">Shell</a>The intraday gain expanded to 14%. Among other popular Chinese stocks,<a href=\"https://laohu8.com/S/NTES\">Netease</a>rose by more than 6%,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>rose by more than 4%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>rose by more than 3%,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 2%.</p><p><img src=\"https://static.tigerbbs.com/20bd24bdf387643c38ec0fbfa338eaa9\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{"TTTN":"老虎中美互联网巨头ETF","QNETCN":"纳斯达克中美互联网老虎指数","BEKE":"贝壳"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109758241","content_text":"8月9日，贝壳盘中涨幅扩大至14%，其它热门中概股中，网易涨超6%，高途、拼多多涨超4%，新东方涨超3%，京东、哔哩哔哩涨超2%。","news_type":1,"symbols_score_info":{"BEKE":0.9,"QNETCN":0.9,"TTTN":0.9}},"isVote":1,"tweetType":1,"viewCount":2883,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382264610,"gmtCreate":1613454193330,"gmtModify":1704880633665,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382264610","repostId":"1137620666","repostType":4,"repost":{"id":"1137620666","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1613438586,"share":"https://ttm.financial/m/news/1137620666?lang=en_US&edition=fundamental","pubTime":"2021-02-16 09:23","market":"hk","language":"zh","title":"Opening: Good opening in the Year of the Ox! HSI opens 1.66% higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1137620666","media":"老虎资讯综合","summary":"2月16日讯，港股牛年首日开盘，A股继续休市。恒指涨1.66%报30675点，国指涨1.53%报12062点，恒生科技指数涨2.01%报10620点。盘面上，春节档电影票房创历史新高，影视娱乐股集体高","content":"<p>On February 16th, Hong Kong stocks opened on the first day of the Year of the Ox, and A shares continued to be closed. The Hang Seng Index rose 1.66% to 30,675 points, the HSI rose 1.53% to 12,062 points, and the Hang Seng Technology Index rose 2.01% to 10,620 points.</p><p>On the disk, the box office of Spring Festival files hit a record high, and film and television entertainment stocks opened higher collectively.<a href=\"https://laohu8.com/S/01896\">Maoyan Entertainment</a>A surge of nearly 15%,<a href=\"https://laohu8.com/S/01060\">Alibaba Pictures</a>It has risen by more than 10%. According to statistics, the total box office of Spring Festival files in mainland China has exceeded 6 billion yuan, and IMAX has also recorded the best Spring Festival file in history; Sporting goods stocks, local Hong Kong stocks, power stocks, semiconductor stocks, oil stocks, banking stocks and other collective gains,<a href=\"https://laohu8.com/S/03968\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/STAN.UK\">Standard Chartered Group</a>Both rose by more than 3%; Big technology stocks strengthened, Meituan opened more than 2% higher and continued to hit a new high price,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Xiaomi, Xiaomi and JD.COM all opened higher by more than 1%, while gambling stocks and catering stocks generally fell, while Xiabuxiabu open low was 1.6%.<img src=\"https://static.tigerbbs.com/6894b373febc1d93f07bbf978f8b0a57\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/00019\">Swire Pacific Limited A</a>It opened 9.43% higher, recording the biggest increase since 2009.</p><p><a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>Group<a href=\"https://laohu8.com/S/01179\">$(01179)$</a>Up 7.81%, the company denied the allegation that short-selling agency Bonitas short-selling report, saying that an internal investigation found no material misstatement in the prospectus.</p><p><a href=\"https://laohu8.com/S/02096\">Simcere Pharma</a>Up 5.6%, the partner G1 Therapeutics small cell carcinoma anti-myelosuppressive drug has been approved by the FDA.</p><p><a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>Continued to rise 6.3%, surging 21% in the previous trading day, and recently<a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>ARKF, a fund of ARK, opened a position to buy 497,000 shares.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: Good opening in the Year of the Ox! HSI opens 1.66% higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: Good opening in the Year of the Ox! HSI opens 1.66% higher\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-02-16 09:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On February 16th, Hong Kong stocks opened on the first day of the Year of the Ox, and A shares continued to be closed. The Hang Seng Index rose 1.66% to 30,675 points, the HSI rose 1.53% to 12,062 points, and the Hang Seng Technology Index rose 2.01% to 10,620 points.</p><p>On the disk, the box office of Spring Festival files hit a record high, and film and television entertainment stocks opened higher collectively.<a href=\"https://laohu8.com/S/01896\">Maoyan Entertainment</a>A surge of nearly 15%,<a href=\"https://laohu8.com/S/01060\">Alibaba Pictures</a>It has risen by more than 10%. According to statistics, the total box office of Spring Festival files in mainland China has exceeded 6 billion yuan, and IMAX has also recorded the best Spring Festival file in history; Sporting goods stocks, local Hong Kong stocks, power stocks, semiconductor stocks, oil stocks, banking stocks and other collective gains,<a href=\"https://laohu8.com/S/03968\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/STAN.UK\">Standard Chartered Group</a>Both rose by more than 3%; Big technology stocks strengthened, Meituan opened more than 2% higher and continued to hit a new high price,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Xiaomi, Xiaomi and JD.COM all opened higher by more than 1%, while gambling stocks and catering stocks generally fell, while Xiabuxiabu open low was 1.6%.<img src=\"https://static.tigerbbs.com/6894b373febc1d93f07bbf978f8b0a57\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/00019\">Swire Pacific Limited A</a>It opened 9.43% higher, recording the biggest increase since 2009.</p><p><a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>Group<a href=\"https://laohu8.com/S/01179\">$(01179)$</a>Up 7.81%, the company denied the allegation that short-selling agency Bonitas short-selling report, saying that an internal investigation found no material misstatement in the prospectus.</p><p><a href=\"https://laohu8.com/S/02096\">Simcere Pharma</a>Up 5.6%, the partner G1 Therapeutics small cell carcinoma anti-myelosuppressive drug has been approved by the FDA.</p><p><a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>Continued to rise 6.3%, surging 21% in the previous trading day, and recently<a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>ARKF, a fund of ARK, opened a position to buy 497,000 shares.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5b3b5e72649367d0aafd9bcbbca9bcd1","relate_stocks":{"HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137620666","content_text":"2月16日讯，港股牛年首日开盘，A股继续休市。恒指涨1.66%报30675点，国指涨1.53%报12062点，恒生科技指数涨2.01%报10620点。盘面上，春节档电影票房创历史新高，影视娱乐股集体高开，猫眼娱乐大涨近15%，阿里影业涨超10%，据统计，中国大陆春节档总票房已超60亿元，IMAX也录得有史以来票房最佳春节档；体育用品股、香港本地股、电力股、半导体股、石油股、银行股等集体上涨，招商银行、渣打集团均升超3%；大型科技股走强，美团高开逾2%续创新高价，阿里巴巴、小米、京东皆高开超1%，濠赌股、餐饮股普遍下跌，呷哺呷哺低开1.6%。太古股份公司A高开9.43%，录得2009年以来最大涨幅。华住集团$(01179)$涨7.81%，公司否认沽空机构Bonitas沽空报告指控，表示内部调查没有发现招股章程出现重大错误陈述。先声药业涨5.6%，合作伙伴G1 Therapeutics小细胞癌防骨髓抑制药物已获得FDA批准。平安好医生续涨6.3%，上一交易日大涨21%，近期平安好医生获ARK旗下基金ARKF开仓买入49.7万股。","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":2959,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313986268,"gmtCreate":1611653604554,"gmtModify":1704861714034,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"678","listText":"678","text":"678","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313986268","repostId":"1156068922","repostType":4,"isVote":1,"tweetType":1,"viewCount":2684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":308516682,"gmtCreate":1604017519846,"gmtModify":1704954725586,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/308516682","repostId":"1161179026","repostType":4,"repost":{"id":"1161179026","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1603960360,"share":"https://ttm.financial/m/news/1161179026?lang=en_US&edition=fundamental","pubTime":"2020-10-29 16:32","market":"us","language":"zh","title":"Nio rose more than 5% before the market, and mass-production cars rolled off the assembly line in a single month to break through 5,000 units for the first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1161179026","media":"老虎资讯综合","summary":"周四，蔚来盘前股价大涨超5%。2020年10月29日，蔚来本月第5,000台整车在合肥先进制造基地量产下线。这是蔚来量产车单月下线首次突破5,000台，也是中国第一次有高端汽车品牌月产达到5,000台","content":"<p>On Thursday,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Shares surged more than 5% before the market.</p><p><img src=\"https://static.tigerbbs.com/ae3113ef3b7ed3ef0f4db082b0986730\" tg-width=\"800\" tg-height=\"497\"></p><p>On October 29, 2020, the 5,000th vehicle of Nio this month rolled off the production line at Hefei Advanced Manufacturing Base. This is the first time that a production car in Nio has exceeded 5,000 units in a single month, and it is also the first time that a high-end car brand in China has reached 5,000 units per month.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio rose more than 5% before the market, and mass-production cars rolled off the assembly line in a single month to break through 5,000 units for the first time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio rose more than 5% before the market, and mass-production cars rolled off the assembly line in a single month to break through 5,000 units for the first time\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2020-10-29 16:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Thursday,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Shares surged more than 5% before the market.</p><p><img src=\"https://static.tigerbbs.com/ae3113ef3b7ed3ef0f4db082b0986730\" tg-width=\"800\" tg-height=\"497\"></p><p>On October 29, 2020, the 5,000th vehicle of Nio this month rolled off the production line at Hefei Advanced Manufacturing Base. This is the first time that a production car in Nio has exceeded 5,000 units in a single month, and it is also the first time that a high-end car brand in China has reached 5,000 units per month.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0090cc485ea4ba6d267489389e83608b","relate_stocks":{"NIO":"蔚来"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161179026","content_text":"周四，蔚来盘前股价大涨超5%。2020年10月29日，蔚来本月第5,000台整车在合肥先进制造基地量产下线。这是蔚来量产车单月下线首次突破5,000台，也是中国第一次有高端汽车品牌月产达到5,000台。","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831622613,"gmtCreate":1629324904132,"gmtModify":1676530000587,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"101","listText":"101","text":"101","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831622613","repostId":"1124478475","repostType":4,"repost":{"id":"1124478475","kind":"news","pubTimestamp":1629291113,"share":"https://ttm.financial/m/news/1124478475?lang=en_US&edition=fundamental","pubTime":"2021-08-18 20:51","market":"us","language":"zh","title":"Fed Minutes Preview: Mouth Or Harder, But Announces taper Should Be At Year End","url":"https://stock-news.laohu8.com/highlight/detail?id=1124478475","media":"华尔街见闻","summary":"核心与会者和鸽派参与者将主导政策的真正落地。","content":"<p>Author: Yu Xudong</p><p>The Federal Reserve will release the minutes of its latest monetary policy meeting at 02:00 a.m. Beijing time (02:00 EST) on Thursday. At present, there is only one week left until the annual meeting of global central banks in Jackson Hole. It is expected that Powell will take the opportunity of this meeting to announce the reduction of bond purchases, so the market needs to pay close attention to whether the minutes of the meeting announced today can provide relevant clues. Currently, the Fed's monthly bond purchase quota is $120 billion.</p><p>Recently, Nomura Securities expressed its views on the upcoming Federal Open Market Committee interest rate meeting (FOMC) of the Federal Reserve in August in a research report.</p><p>The report pointed out that Nomura Securities expects the Federal Open Market Committee to announce a reduction in bond purchases (taper) announcement in the fourth quarter, most likely in December this year, and the possibility of announcing taper in November is also increasing.</p><p>Regarding when to implement it, Nomura believes that the Federal Reserve will gradually reduce the purchase of bonds in January and last for 11 months; Mortgage-backed securities (MBS) reduced purchases will last for 6 months.</p><p>Nomura also said the minutes of the July FOMC meeting will likely include more important discussions among FOMC participants about the technical details of taper, including when it will begin, the pace of tapering, and whether Treasury Bond and MBS are treated equally with fewer purchases.</p><p>Considering the June and July FOMC meetings were tougher than expected, Nomura sees the possibility of a stronger consensus in the minutes of the July meeting and will taper gradually shortly afterwards.</p><p>Notably, while recent Fed remarks since the July meeting have continued the hawkish theme of calling for an early taper, Nomura sees little sign at the core level that a third-quarter taper announcement might be possible. Moreover, it is likely that inflation and COVID developments will also make the minutes platitudinous (and hinder taper).</p><p><b>What will be the timing, size, and how of taper?</b></p><p>Following the July FOMC meeting, the Fed adjusted its language regarding asset purchases to acknowledge that \"the economy has made progress towards its goals. In addition, the FOMC will continue to evaluate progress at future meetings. Emphasizing the importance of future meetings suggests that it will not end exploring until at least November.</p><p>During the press conference, Fed Chair Powell acknowledged that the committee considered some considerations at its July meeting about how to adjust asset purchases when economic conditions need to change, including the pace and composition of purchases.</p><p>Since the July meeting, it has become clear that Fed hawks should start to gain the upper hand, with some hawkish FOMC participants calling for a faster taper timeline, including Bullard, Waller, Rosengren and Kaplan. These participants tended to announce the reduction at the September FOMC meeting, but the start time and duration of the reduction varied.</p><p>Brad and Waller, in particular, both called for a relatively rapid taper process in about 5-6 months, while Rosengren and Kaplan were more cautious, calling for 8-10 months.</p><p>Aside from the hawks, however, the core members of the FOMC, including Clarida and Brainard, are more patient.</p><p>During an Aug. 4 speech, Clara repeated some of the wording from the July FOMC statement while acknowledging that he might support the announcement of taper later this year.</p><p>Additionally, Governor Brainard stressed the need to look at the September Jobs Report (scheduled for October 8) before making any final FOMC decision, while also noting that downside risks to the economy are now more pronounced since the July FOMC meeting due to the development of the COVID pandemic.</p><p>In addition, Bostic stressed that given that the Fed has promised to send out taper notices in advance, this may pose communication challenges. That said, the evolution from \"future conference\" to \"later this year\" wording may reflect a subtle hawkish shift.</p><p>In addition to the core personnel, dovish players, including Daly, Evans and Kashkari, have said taper will be announced later this year if the economy goes as expected. This suggests that the July FOMC minutes may embody a relatively strong consensus that an announcement of taper later this year may be appropriate, but there are different views on the exact timing.</p><p>Hawkish voices since the July FOMC meeting suggest that there may be a group of attendees in the discussion of the minutes supporting a sooner-than-expected taper or announcing a taper. This may manifest itself in terms of when tapering begins and how quickly it progresses. Of course, it also matters how many people say this.</p><p>In addition to when the taper is most likely to be announced, it is important to monitor the size of the taper perceived by each attendee, which means the speed and progress of the taper. Many participants agreed that it is more appropriate to taper gradually over a period of about 10-12 months, while some participants suggested supporting the Fed to taper faster, which also increases the flexibility of the Fed to time taper.</p><p>Finally, on how to reduce purchases of U.S. Treasury Bond and MBS, Nomura notes that although Powell seems to rule out the possibility of starting to reduce purchases of MBS first, he does not rule out the possibility of tapering MBS more quickly.</p><p><b>What is the impact of macroeconomics on the FOMC meeting?</b></p><p>Nomura believes that while non-farm payrolls grew strongly in July, it did not accelerate significantly, which may ease the pressure on the Fed to announce taper as soon as possible. In addition, the unexpected fall in core CPI inflation in July, the rampage of the Delta variant, and the deterioration of retail sales data are also thwarting the Fed from announcing taper as soon as possible.</p><p>At a press conference in July, Powell said the FOMC still needs to monitor eating out, travel, and the reopening of schools, although back-to-back waves of COVID tend to have less of an economic impact. Since the meeting, Nomura has argued that these concerns have become reality rather than risk.</p><p>What are the risks of this FOMC meeting?</p><p>Nomura believes that given that both June and July FOMC meetings were tougher than expected, the agency believes the July FOMC minutes could show a stronger-than-expected consensus to start taper as early as possible.</p><p>In this case, the strong consensus could lead to Powell's key speech on taper at the Jackson Hole Global Central Bank Conference.</p><p>Even so, economic data, comments from core attendees, and the need for \"advance notice\" all indicate that the barrier to gradual taper since September is still relatively high.</p><p>Therefore, Nomura thinks we believe that the July FOMC minutes will reveal some disagreement and consensus from people with tough voices, but core attendees and dovish participants will dominate the real landing of policy.</p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Minutes Preview: Mouth Or Harder, But Announces taper Should Be At Year End</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Minutes Preview: Mouth Or Harder, But Announces taper Should Be At Year End\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-18 20:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Yu Xudong</p><p>The Federal Reserve will release the minutes of its latest monetary policy meeting at 02:00 a.m. Beijing time (02:00 EST) on Thursday. At present, there is only one week left until the annual meeting of global central banks in Jackson Hole. It is expected that Powell will take the opportunity of this meeting to announce the reduction of bond purchases, so the market needs to pay close attention to whether the minutes of the meeting announced today can provide relevant clues. Currently, the Fed's monthly bond purchase quota is $120 billion.</p><p>Recently, Nomura Securities expressed its views on the upcoming Federal Open Market Committee interest rate meeting (FOMC) of the Federal Reserve in August in a research report.</p><p>The report pointed out that Nomura Securities expects the Federal Open Market Committee to announce a reduction in bond purchases (taper) announcement in the fourth quarter, most likely in December this year, and the possibility of announcing taper in November is also increasing.</p><p>Regarding when to implement it, Nomura believes that the Federal Reserve will gradually reduce the purchase of bonds in January and last for 11 months; Mortgage-backed securities (MBS) reduced purchases will last for 6 months.</p><p>Nomura also said the minutes of the July FOMC meeting will likely include more important discussions among FOMC participants about the technical details of taper, including when it will begin, the pace of tapering, and whether Treasury Bond and MBS are treated equally with fewer purchases.</p><p>Considering the June and July FOMC meetings were tougher than expected, Nomura sees the possibility of a stronger consensus in the minutes of the July meeting and will taper gradually shortly afterwards.</p><p>Notably, while recent Fed remarks since the July meeting have continued the hawkish theme of calling for an early taper, Nomura sees little sign at the core level that a third-quarter taper announcement might be possible. Moreover, it is likely that inflation and COVID developments will also make the minutes platitudinous (and hinder taper).</p><p><b>What will be the timing, size, and how of taper?</b></p><p>Following the July FOMC meeting, the Fed adjusted its language regarding asset purchases to acknowledge that \"the economy has made progress towards its goals. In addition, the FOMC will continue to evaluate progress at future meetings. Emphasizing the importance of future meetings suggests that it will not end exploring until at least November.</p><p>During the press conference, Fed Chair Powell acknowledged that the committee considered some considerations at its July meeting about how to adjust asset purchases when economic conditions need to change, including the pace and composition of purchases.</p><p>Since the July meeting, it has become clear that Fed hawks should start to gain the upper hand, with some hawkish FOMC participants calling for a faster taper timeline, including Bullard, Waller, Rosengren and Kaplan. These participants tended to announce the reduction at the September FOMC meeting, but the start time and duration of the reduction varied.</p><p>Brad and Waller, in particular, both called for a relatively rapid taper process in about 5-6 months, while Rosengren and Kaplan were more cautious, calling for 8-10 months.</p><p>Aside from the hawks, however, the core members of the FOMC, including Clarida and Brainard, are more patient.</p><p>During an Aug. 4 speech, Clara repeated some of the wording from the July FOMC statement while acknowledging that he might support the announcement of taper later this year.</p><p>Additionally, Governor Brainard stressed the need to look at the September Jobs Report (scheduled for October 8) before making any final FOMC decision, while also noting that downside risks to the economy are now more pronounced since the July FOMC meeting due to the development of the COVID pandemic.</p><p>In addition, Bostic stressed that given that the Fed has promised to send out taper notices in advance, this may pose communication challenges. That said, the evolution from \"future conference\" to \"later this year\" wording may reflect a subtle hawkish shift.</p><p>In addition to the core personnel, dovish players, including Daly, Evans and Kashkari, have said taper will be announced later this year if the economy goes as expected. This suggests that the July FOMC minutes may embody a relatively strong consensus that an announcement of taper later this year may be appropriate, but there are different views on the exact timing.</p><p>Hawkish voices since the July FOMC meeting suggest that there may be a group of attendees in the discussion of the minutes supporting a sooner-than-expected taper or announcing a taper. This may manifest itself in terms of when tapering begins and how quickly it progresses. Of course, it also matters how many people say this.</p><p>In addition to when the taper is most likely to be announced, it is important to monitor the size of the taper perceived by each attendee, which means the speed and progress of the taper. Many participants agreed that it is more appropriate to taper gradually over a period of about 10-12 months, while some participants suggested supporting the Fed to taper faster, which also increases the flexibility of the Fed to time taper.</p><p>Finally, on how to reduce purchases of U.S. Treasury Bond and MBS, Nomura notes that although Powell seems to rule out the possibility of starting to reduce purchases of MBS first, he does not rule out the possibility of tapering MBS more quickly.</p><p><b>What is the impact of macroeconomics on the FOMC meeting?</b></p><p>Nomura believes that while non-farm payrolls grew strongly in July, it did not accelerate significantly, which may ease the pressure on the Fed to announce taper as soon as possible. In addition, the unexpected fall in core CPI inflation in July, the rampage of the Delta variant, and the deterioration of retail sales data are also thwarting the Fed from announcing taper as soon as possible.</p><p>At a press conference in July, Powell said the FOMC still needs to monitor eating out, travel, and the reopening of schools, although back-to-back waves of COVID tend to have less of an economic impact. Since the meeting, Nomura has argued that these concerns have become reality rather than risk.</p><p>What are the risks of this FOMC meeting?</p><p>Nomura believes that given that both June and July FOMC meetings were tougher than expected, the agency believes the July FOMC minutes could show a stronger-than-expected consensus to start taper as early as possible.</p><p>In this case, the strong consensus could lead to Powell's key speech on taper at the Jackson Hole Global Central Bank Conference.</p><p>Even so, economic data, comments from core attendees, and the need for \"advance notice\" all indicate that the barrier to gradual taper since September is still relatively high.</p><p>Therefore, Nomura thinks we believe that the July FOMC minutes will reveal some disagreement and consensus from people with tough voices, but core attendees and dovish participants will dominate the real landing of policy.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3638263\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3638263","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1124478475","content_text":"作者：于旭东\n美联储将于北京时间周四凌晨02:00（美国东部时间02:00）公布最近一次货币政策会议的纪要。当下距离杰克逊霍尔全球央行年会只剩一周时间，外界预期鲍威尔将借该次会议的机会宣布削减购债规模，所以市场需密切关注今天公布的会议纪要能否提供相关线索。目前，美联储每月购债额度为1200亿美元。\n近日，野村证券在一份研报中表达了对即将到来的美联储8月联邦公开市场委员会议息会议（FOMC）的看法。\n报告指出，野村证券预计联邦公开市场委员会将在第四季度宣布减少购债（taper）公告，其中最有可能是在今年12月宣布taper，而11月宣布taper的可能性也在加大。\n对于何时执行，野村认为美联储将在1月份开始逐渐减少购债的购买，并持续11个月；抵押贷款支持证券（MBS）减少购买将持续6个月。\n野村证券还表示，7月的联邦公开市场委员会会议纪要可能会包括联邦公开市场委员会参与者关于taper的技术细节的更重要的讨论，包括何时开始、缩减的速度，以及是否平等对待国债和MBS的购买较少。\n考虑到6月和7月FOMC会议比预期更为强硬，野村证券认为7月的会议纪要中有可能达成更强烈的共识，并在不久后将逐渐taper。\n值得注意的是，尽管自7月会议以来，美联储最近的讲话延续了鹰派呼吁提前taper的主题，但野村证券从核心层面上看不到有什么迹象表明第三季度可能会宣布taper。此外，通胀和新冠疫情的发展很可能也会使会议纪要老生常谈（并阻碍taper）。\ntaper的时间、规模、方式将如何？\n在7月的FOMC会议后，美联储调整了有关资产购买的措辞，以承认“经济在达到目标方面取得了进展。此外，联邦公开市场委员会将继续评估未来会议的进展。强调未来会议很重要，这表明至少要到11月才会结束探讨。\n在记者招待会上，美联储主席鲍威尔承认，委员会在7月份的会议上审议了一些关于在经济条件需要改变时如何调整资产购买的考虑，包括购买的速度和构成。\n自7月会议以来，美联储鹰派显然应该开始占上风，一些鹰派的联邦公开市场委员会参与者呼吁加快taper时间表，包括布拉德、沃勒、罗森格伦和卡普兰。这些参与者倾向于在9月的FOMC会议上宣布减量，但减量的开始时间和持续时间有所不同。\n尤其是布拉德和沃勒，他们都呼吁在大约5-6个月内实现相对快速的taper过程，而罗森格伦和卡普兰则更为谨慎，要求8-10个月。\n然而，除了鹰派之外，联邦公开市场委员会的核心成员，包括克拉里达和布雷纳德，都更加有耐心。\n在8月4日的一次演讲中，克拉里达重复了7月FOMC声明中的一些措辞，同时承认他可能会支持宣布在今年晚些时候taper。\n此外，布雷纳德州长强调，在做出任何FOMC的最终决定之前，需要先看看9月就业报告（定于10月8日发布），他同时还指出，自7月FOMC会议以来，由于新冠疫情的发展，经济下行风险现在更为明显。\n此外，博斯蒂克强调，鉴于美联储已承诺会提前发出taper通知，但这可能会带来沟通方面的挑战。这就是说，从“未来会议”到“今年晚些时候”措辞的演变可能反映出一种微妙的鹰派转变。\n除核心人员之外，鸽派参与者，包括达利、埃文斯和卡什卡里都表示，如果经济进展如预期，今年晚些时候将宣布taper。这表明，7月FOMC会议纪要可能会体现一个相对强烈的共识，即今年晚些时候宣布taper可能是适当的，但对确切的时间有不同的看法。\n自7月FOMC会议以来的鹰派声音表明，在会议记录的讨论中，可能会有一组与会者支持比预期更快的taper或宣布taper。这可能会在减量何时开始以及进展速度方面表现出来。当然，这样说的人有多少也很重要。\n除了最有可能在什么时候宣布taper外，监控每个与会者认为的taper规模也很重要，这意味着taper的速度和进度。许多与会者都认为在10-12个月左右的时间内逐渐taper比较合适，而一些与会者建议支持美联储更快地taper，这也增加美联储把握taper时机的灵活性。\n最后，对于如何减少购买美国国债与MBS，野村证券注意到，尽管鲍威尔似乎排除了先开始减少购买MBS的可能性，但他并不排除可能更快地缩减MBS。\n宏观经济对FOMC会议有何影响？\n野村证券认为，虽然7月非农就业人数增长强劲，但并没有显著加速，这可能减轻了美联储宣布尽快taper的压力。此外，7月核心CPI通胀意外下跌、德尔塔变体的肆虐、零售数据的恶化也在阻挠美联储尽快宣布taper。\n在7月的新闻发布会上，鲍威尔表示，尽管连续一波的新冠疫情往往对经济的影响较小，但联邦公开市场委员会仍需要监控外出就餐、旅行以及学校重新开放的问题。自会议以来，野村证券认为，这些担忧已成为现实而非风险。\n本次FOMC会议有何风险？\n野村证券认为，鉴于6月和7月的FOMC会议都比预期的更为强硬，该机构认为，7月的FOMC会议纪要可能会显示出比预期更强烈的共识，即尽早开始taper。\n在这种情况下，强烈的共识可能导致鲍威尔在杰克逊霍尔全球央行会议发表有关taper的关键演讲。\n即便如此，经济数据、核心与会者的评论、“提前通知”的必要性，都表明自9月份逐渐taper的障碍依然相对较高。\n因此，野村证券认为我们认为，7月的FOMC会议记录将揭示一些来自声音强硬的人士的不同意见和共识，但核心与会者和鸽派参与者将主导政策的真正落地。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110111346,"gmtCreate":1622429920885,"gmtModify":1704184290704,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/110111346","repostId":"1173566565","repostType":4,"isVote":1,"tweetType":1,"viewCount":2231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328451188,"gmtCreate":1615554349544,"gmtModify":1704784472527,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328451188","repostId":"1133702203","repostType":4,"repost":{"id":"1133702203","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615537186,"share":"https://ttm.financial/m/news/1133702203?lang=en_US&edition=fundamental","pubTime":"2021-03-12 16:19","market":"us","language":"zh","title":"JD.COM is unanimously favored by big banks after its earnings report, and it is expected to still grow strongly this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1133702203","media":"老虎资讯综合","summary":"周四，京东集团发布了2020年四季度及全年财报：京东第四季度净营收2243亿元，同比增长31.4%；2020年全年，京东实现营收7458亿元，市场预期7405.8亿元；实现净利润494.05亿元，市场","content":"<p>On Thursday,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>The Group released its financial reports for the fourth quarter and the full year of 2020: JD.com's net revenue in the fourth quarter was 224.3 billion yuan, a year-on-year increase of 31.4%; For the whole year of 2020, JD.COM achieved revenue of 745.8 billion yuan, with the market expectation of 740.58 billion yuan; The net profit was 49.405 billion yuan, compared with the market expectation of 25.146 billion yuan.</p><p>On the same day, JD.COM's U.S. stocks opened higher and went lower, closing slightly up 0.76%; Today, JD.COM Hong Kong stocks opened higher and went down all the way, falling by more than 6% in the intraday session and closing down 4.82%.</p><p><img src=\"https://static.tigerbbs.com/7066e4833524baaa7b68f1bf1e785cbb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/0a50dd4d5b83dfd8c5ec0a3742bc7964\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Regarding JD.COM's financial report and future trend, all major banks have expressed their views. Tiger Information has the following statistics for you:</p><p><b>Rating Consensus Looks High</b></p><p><table><tbody><tr><td><b>organization</b></p><p></td><td><b>PERFORMANCE COMMENTS</b></p><p></td><td><b>Rating</b></p><p></td><td><b>Target Price</b></p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JEF\">Jefferies</a></b></p><p></td><td>JD.COM's existing operations have generated economies of scale, and its supply chain capabilities have performed outstanding under the competition, which is optimistic about the company's prospects.</p><p></td><td>Buy</p><p></td><td>US$110 (HK$426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a></b></p><p></td><td>It is estimated that JD.COM's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down its profit performance and plague investors in the short term.</p><p></td><td>Increase holdings</p><p></td><td>US$92 (HK$359)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b></p><p></td><td>JD.COM's performance in the last quarter was solid, so we need to pay attention to the management's performance guidance for the next quarter.</p><p></td><td>Increase holdings</p><p></td><td>US$110 (HK$426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/03329\">BOCOM International</a></b></p><p></td><td>Although the profit margin is under pressure in the short term, it is still bullish on the company's strong supply chain and technical capabilities.</p><p></td><td>Buy</p><p></td><td>3.0% upward to US$104 (HK$402)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/UBS\">UBS</a></b></p><p></td><td>It is believed that JD.COM will control investment expenditure, and the gross profit margin of the current core e-commerce business has improved. This year's revenue growth may be higher than expected.</p><p></td><td>Buy</p><p></td><td>4.8% upward to US$110 (HK$429)</p><p></td></tr><tr><td><b>Daiwa Securities</b></p><p></td><td>It is expected that JD.COM's revenue in the first quarter of this year will increase by 28% year-on-year, mainly benefiting from the \"local New Year\" policy and the rapid expansion of FMCG and online grocery markets.</p><p></td><td>Buy</p><p></td><td>HK$465</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/C\">Citigroup</a></b></p><p></td><td>Pay attention to the development of community group buying business in JD.COM and the gross profit margin this year.</p><p></td><td>Buy</p><p></td><td>2.6% upward to US$120 (HK$468)</p><p></td></tr><tr><td><b>Nomura</b></p><p></td><td>JD.com established Jingxi in the first quarter of this year to establish its supply chain and logistics network, and it is expected that revenue will grow strongly by 27% this year.</p><p></td><td>Buy</p><p></td><td>US$109 (HK$424)</p><p></td></tr></tbody></table><b>Positive performance expectations</b></p><p><b>Morgan Stanley: Concerns about new business weighing on profits</b></p><p>According to the research report published by Morgan Stanley, JD.COM Group's performance in the fourth quarter of last year was mixed, among which the profit calculated according to non-GAAP was better than expected, and the user growth was healthy. However, the gross profit margin and operating profit margin were inferior to expectations. It is estimated that the company's revenue growth in the first quarter of this year is strong, but the investment in new business may drag down the profit performance and plague investors in the short term.</p><p>It is also worth noting that annual active users increased by 30.4% to 472 million, with a net increase of 30 million in the fourth quarter, which was faster than that in the third quarter.</p><p>It is estimated that JD.COM's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down its profit performance and plague investors in the short term.</p><p><b><a href=\"https://laohu8.com/S/UBS\">UBS</a>: Gross profit margin of core e-commerce business improved, but short-term stock price may be under pressure, and revenue growth this year may be higher than expected</b></p><p>UBS said that JD.COM's decision to invest in community group buying will put pressure on the stock price in the short term, predicting that investors will take a wait-and-see attitude because it is uncertain whether JD.COM can compete with Meituan and<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Competition.</p><p>The bank believes that JD.COM will control investment expenditure, and at present, the gross profit margin of JD.COM's core e-commerce business has improved, and this year's revenue growth may be higher than expected.</p><p>The bank raised its target price on JD.com's ADRs from US$105 to US$110, maintaining a \"buy\" rating.</p><p><b>Jefferies: JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outperformed against competition</b></p><p>Jefferies pointed out that JD.COM's strong execution has been reflected in the acceleration of user growth, and most of the growth comes from lower-level cities. The bank pointed out that JD.COM has already been on a large scale in many projects, and the reorganization of Jingxi's business and community group buying investment are very important to the long-term development of the company.</p><p>The bank believes that JD.COM's existing operation has produced economies of scale, and its supply chain capability has performed outstanding under competition, which is optimistic about the company's prospects. The bank gave JD.COM a \"Buy\" rating, with a target price of US$110 for American depositary receipts and HK$426 for Hong Kong stocks.</p><p><b>BOCOM International: Revenue and number of users continued to grow at a high rate, and net profit margin increased steadily</b></p><p>BOCOM International pointed out that JD.COM's total revenue in the fourth quarter of last year was 224.3 billion yuan (RMB, the same below), up 31% year-on-year, exceeding market expectations by 2%, and its adjusted net profit margin was 1.1%, which was better than 0.5% in the same period of 2019, mainly benefiting from the improvement of operational efficiency. Based on the improvement of new business valuation and the increase of investment value, although the profit margin is under pressure in the short term, it is still optimistic about the company's strong supply chain and technical capabilities.</p><p>The bank expects that the company's self-operated income in the first quarter will increase by 28% year-on-year, and the \"local New Year\" policy during the Spring Festival will bring a strong growth in GMV. Management expects the gross profit margin to remain stable and the category mix to improve in 2021, offset by investment in logistics infrastructure, especially in lower-tier cities. Considering the continuous infrastructure investment and marketing expenditure to further enhance users' purchasing mindset, it is expected that the net profit margin in the first quarter will decline by 1% year-on-year.</p><p><b>Daiwa Securities: Expected User Growth Momentum Remains Strong</b></p><p>Daiwa released a research report on JD.COM, saying that it is expected that the company's user growth momentum will remain strong this year, and its ARPU will also rise, which will lead the bank and the market to raise its 2021 revenue forecast.<a href=\"https://laohu8.com/S/JD\">Jingdong</a>Further gain market share in the local retail market.</p><p>Daiwa said that the company's user growth will remain strong in the first half of this year, with its daily active users rising by 30% year-on-year in the fourth quarter of last year, of which more than 80% of new users come from low-tier cities. It is expected that revenue in the first quarter of this year will rise by 28% year-on-year, mainly due to the government's \"New Year in Place\" policy of Lunar New Year and JD.COM's rapid expansion in the FMCG and online grocery markets.</p><p><b>Nomura Securities: Company's Retail Valuation of $1,000</b></p><p>Nomura Research Report mentioned that in the fourth quarter of last year, JD.COM's non-GAAP earnings per share rose by 174% year-on-year, which was higher than the market and the bank's expectations. Its revenue rose by 31% year-on-year, which was also higher than the market expectations, mainly driven by the strong growth of the company's retail and new business revenue.</p><p>The bank said that for the e-commerce industry, this year is the investment year, and the grocery business in the low-end market will become the main battlefield. The company has become a giant to enter this competitive field. The company established Jingxi in the first quarter of this year to establish a supply chain and logistics network. It is expected that the revenue this year is expected to increase strongly by 27%. Based on the compound annual growth rate of operating profit in 2021-23 of 30% and the P/E in 2021 of 31 times, the company's retail valuation will reach 100 billion USD.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD.COM is unanimously favored by big banks after its earnings report, and it is expected to still grow strongly this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD.COM is unanimously favored by big banks after its earnings report, and it is expected to still grow strongly this year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-12 16:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Thursday,<a href=\"https://laohu8.com/S/JD\">Jingdong</a>The Group released its financial reports for the fourth quarter and the full year of 2020: JD.com's net revenue in the fourth quarter was 224.3 billion yuan, a year-on-year increase of 31.4%; For the whole year of 2020, JD.COM achieved revenue of 745.8 billion yuan, with the market expectation of 740.58 billion yuan; The net profit was 49.405 billion yuan, compared with the market expectation of 25.146 billion yuan.</p><p>On the same day, JD.COM's U.S. stocks opened higher and went lower, closing slightly up 0.76%; Today, JD.COM Hong Kong stocks opened higher and went down all the way, falling by more than 6% in the intraday session and closing down 4.82%.</p><p><img src=\"https://static.tigerbbs.com/7066e4833524baaa7b68f1bf1e785cbb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/0a50dd4d5b83dfd8c5ec0a3742bc7964\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Regarding JD.COM's financial report and future trend, all major banks have expressed their views. Tiger Information has the following statistics for you:</p><p><b>Rating Consensus Looks High</b></p><p><table><tbody><tr><td><b>organization</b></p><p></td><td><b>PERFORMANCE COMMENTS</b></p><p></td><td><b>Rating</b></p><p></td><td><b>Target Price</b></p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JEF\">Jefferies</a></b></p><p></td><td>JD.COM's existing operations have generated economies of scale, and its supply chain capabilities have performed outstanding under the competition, which is optimistic about the company's prospects.</p><p></td><td>Buy</p><p></td><td>US$110 (HK$426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a></b></p><p></td><td>It is estimated that JD.COM's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down its profit performance and plague investors in the short term.</p><p></td><td>Increase holdings</p><p></td><td>US$92 (HK$359)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b></p><p></td><td>JD.COM's performance in the last quarter was solid, so we need to pay attention to the management's performance guidance for the next quarter.</p><p></td><td>Increase holdings</p><p></td><td>US$110 (HK$426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/03329\">BOCOM International</a></b></p><p></td><td>Although the profit margin is under pressure in the short term, it is still bullish on the company's strong supply chain and technical capabilities.</p><p></td><td>Buy</p><p></td><td>3.0% upward to US$104 (HK$402)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/UBS\">UBS</a></b></p><p></td><td>It is believed that JD.COM will control investment expenditure, and the gross profit margin of the current core e-commerce business has improved. This year's revenue growth may be higher than expected.</p><p></td><td>Buy</p><p></td><td>4.8% upward to US$110 (HK$429)</p><p></td></tr><tr><td><b>Daiwa Securities</b></p><p></td><td>It is expected that JD.COM's revenue in the first quarter of this year will increase by 28% year-on-year, mainly benefiting from the \"local New Year\" policy and the rapid expansion of FMCG and online grocery markets.</p><p></td><td>Buy</p><p></td><td>HK$465</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/C\">Citigroup</a></b></p><p></td><td>Pay attention to the development of community group buying business in JD.COM and the gross profit margin this year.</p><p></td><td>Buy</p><p></td><td>2.6% upward to US$120 (HK$468)</p><p></td></tr><tr><td><b>Nomura</b></p><p></td><td>JD.com established Jingxi in the first quarter of this year to establish its supply chain and logistics network, and it is expected that revenue will grow strongly by 27% this year.</p><p></td><td>Buy</p><p></td><td>US$109 (HK$424)</p><p></td></tr></tbody></table><b>Positive performance expectations</b></p><p><b>Morgan Stanley: Concerns about new business weighing on profits</b></p><p>According to the research report published by Morgan Stanley, JD.COM Group's performance in the fourth quarter of last year was mixed, among which the profit calculated according to non-GAAP was better than expected, and the user growth was healthy. However, the gross profit margin and operating profit margin were inferior to expectations. It is estimated that the company's revenue growth in the first quarter of this year is strong, but the investment in new business may drag down the profit performance and plague investors in the short term.</p><p>It is also worth noting that annual active users increased by 30.4% to 472 million, with a net increase of 30 million in the fourth quarter, which was faster than that in the third quarter.</p><p>It is estimated that JD.COM's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down its profit performance and plague investors in the short term.</p><p><b><a href=\"https://laohu8.com/S/UBS\">UBS</a>: Gross profit margin of core e-commerce business improved, but short-term stock price may be under pressure, and revenue growth this year may be higher than expected</b></p><p>UBS said that JD.COM's decision to invest in community group buying will put pressure on the stock price in the short term, predicting that investors will take a wait-and-see attitude because it is uncertain whether JD.COM can compete with Meituan and<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Competition.</p><p>The bank believes that JD.COM will control investment expenditure, and at present, the gross profit margin of JD.COM's core e-commerce business has improved, and this year's revenue growth may be higher than expected.</p><p>The bank raised its target price on JD.com's ADRs from US$105 to US$110, maintaining a \"buy\" rating.</p><p><b>Jefferies: JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outperformed against competition</b></p><p>Jefferies pointed out that JD.COM's strong execution has been reflected in the acceleration of user growth, and most of the growth comes from lower-level cities. The bank pointed out that JD.COM has already been on a large scale in many projects, and the reorganization of Jingxi's business and community group buying investment are very important to the long-term development of the company.</p><p>The bank believes that JD.COM's existing operation has produced economies of scale, and its supply chain capability has performed outstanding under competition, which is optimistic about the company's prospects. The bank gave JD.COM a \"Buy\" rating, with a target price of US$110 for American depositary receipts and HK$426 for Hong Kong stocks.</p><p><b>BOCOM International: Revenue and number of users continued to grow at a high rate, and net profit margin increased steadily</b></p><p>BOCOM International pointed out that JD.COM's total revenue in the fourth quarter of last year was 224.3 billion yuan (RMB, the same below), up 31% year-on-year, exceeding market expectations by 2%, and its adjusted net profit margin was 1.1%, which was better than 0.5% in the same period of 2019, mainly benefiting from the improvement of operational efficiency. Based on the improvement of new business valuation and the increase of investment value, although the profit margin is under pressure in the short term, it is still optimistic about the company's strong supply chain and technical capabilities.</p><p>The bank expects that the company's self-operated income in the first quarter will increase by 28% year-on-year, and the \"local New Year\" policy during the Spring Festival will bring a strong growth in GMV. Management expects the gross profit margin to remain stable and the category mix to improve in 2021, offset by investment in logistics infrastructure, especially in lower-tier cities. Considering the continuous infrastructure investment and marketing expenditure to further enhance users' purchasing mindset, it is expected that the net profit margin in the first quarter will decline by 1% year-on-year.</p><p><b>Daiwa Securities: Expected User Growth Momentum Remains Strong</b></p><p>Daiwa released a research report on JD.COM, saying that it is expected that the company's user growth momentum will remain strong this year, and its ARPU will also rise, which will lead the bank and the market to raise its 2021 revenue forecast.<a href=\"https://laohu8.com/S/JD\">Jingdong</a>Further gain market share in the local retail market.</p><p>Daiwa said that the company's user growth will remain strong in the first half of this year, with its daily active users rising by 30% year-on-year in the fourth quarter of last year, of which more than 80% of new users come from low-tier cities. It is expected that revenue in the first quarter of this year will rise by 28% year-on-year, mainly due to the government's \"New Year in Place\" policy of Lunar New Year and JD.COM's rapid expansion in the FMCG and online grocery markets.</p><p><b>Nomura Securities: Company's Retail Valuation of $1,000</b></p><p>Nomura Research Report mentioned that in the fourth quarter of last year, JD.COM's non-GAAP earnings per share rose by 174% year-on-year, which was higher than the market and the bank's expectations. Its revenue rose by 31% year-on-year, which was also higher than the market expectations, mainly driven by the strong growth of the company's retail and new business revenue.</p><p>The bank said that for the e-commerce industry, this year is the investment year, and the grocery business in the low-end market will become the main battlefield. The company has become a giant to enter this competitive field. The company established Jingxi in the first quarter of this year to establish a supply chain and logistics network. It is expected that the revenue this year is expected to increase strongly by 27%. Based on the compound annual growth rate of operating profit in 2021-23 of 30% and the P/E in 2021 of 31 times, the company's retail valuation will reach 100 billion USD.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b873b4329b7b17b0926c02bec2748c1d","relate_stocks":{"09618":"京东集团-SW","JD":"京东"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133702203","content_text":"周四，京东集团发布了2020年四季度及全年财报：京东第四季度净营收2243亿元，同比增长31.4%；2020年全年，京东实现营收7458亿元，市场预期7405.8亿元；实现净利润494.05亿元，市场预期251.46亿元。当日京东美股高开低走，小幅收涨0.76%；今日京东港股高开后一路走低，盘中跌超6%，收盘跌4.82%。对于京东这份财报及未来走势，各大行都发表了自己的看法，老虎资讯为您统计如下：评级一致看高机构业绩点评评级目标价杰富瑞京东现有营运已产生规模效应，供应链能力在竞争下表现突出，看好公司前景。买入110美元(426港元)摩根士丹利估计京东今年首季收入增长强劲，但恐新业务投资会拖累利润表现，短期内或困扰投资者。增持92美元(359港元)摩根大通京东上季度业绩稳固，需关注管理层对下季度做出的业绩指引。增持110美元(426港元)交银国际尽管短期内利润率承压，但仍看好公司强大的供应链和技术能力。买入上调3.0%至104美元(402港元)瑞银相信京东会控制投资支出，且当前核心电商业务毛利率改善，今年的收入增长可能高于预期。买入上调4.8%至110美元(429港元)大和证券预计京东今年一季收入同比升28%，主要受惠于“就地过年”政策及在快速消费品及线上杂货市场的快速扩张等。买入465港元花旗关注京东的社区团购业务发展，及今年的毛利率情况。买入上调2.6%至120美元(468港元)野村京东于今年首季成立京喜，以建立供应链及物流网络，预期今年收入可望强劲增长27%。买入109美元(424港元)业绩预期向好摩根士丹利：担忧新业务拖累利润大摩发表的研究报告指，京东集团去年第四季业绩好坏参半，其中按非通用会计准则计算利润胜预期，加上用户增长健康，不过毛利率及经营利润率均逊预期，估计公司今年首季收入增长强劲，惟新业务投资或会拖累利润表现，短期或困扰投资者。另外值得留意的是年度活跃用户增长30.4%至4.72亿户，当中第四季净增3,000万户，较第三季有所加快。估计京东今年首季收入增长强劲，但恐新业务投资会拖累利润表现，短期内或困扰投资者。瑞银：核心电商业务毛利率改善，但短期股价或有压力，今年收入增长或高于预期瑞银表示，京东决定投资社区团购，短期将为股价带来压力，预测投资者将抱观望态度，因不确定京东能否与美团及拼多多竞争。该行相信京东会控制投资支出，且当前京东的核心电商业务毛利率改善，今年的收入增长可能高于预期。该行上调对京东美国预托证券目标价，由105美元上调至110美元，维持「买入」评级。杰富瑞：京东现有营运已产生规模效应，供应链能力在竞争下表现突出杰富瑞指，京东的强劲执行力已在用户增长加速上反映，且大部分增长来自于较低级别城市。该行指京东在多个项目上已经具有规模性，晶溪业务的重整及社区团购投资对公司长远发展非常重要。该行认为，京东现有营运已产生规模效应，供应链能力在竞争下表现突出，看好公司前景。该行给予京东「买入」评级，对美国预托证券目标价110美元，港股目标价426港元。交银国际：收入与用户数持续高增长，净利率稳步提升交银国际指出，京东去年第四季度总收入2243亿元(人民币，下同)，同比增31%，超出市场预期2%，经调整净利润率1.1%，较2019年同期的0.5%为佳，主要受益于运营效率的提高。基于新业务估值提升和投资价值增加，尽管短期内利润率承压，但仍看好公司强大的供应链和技术能力。该行预计，公司首季度自营收入同比增28%，春节期间的“就地过年”政策带来GMV的强劲增长。管理层预计2021年毛利率持稳，品类结构不断改善，但被物流基础设施的投资所抵销，特别是在低线城市。考虑持续的基础设施投资以及营销支出，以进一步提升用户购买心智，预计首季度净利润率将同比下滑1%。大和证券：预期用户增长势头维持强劲大和发布针对京东的研究报告中称，预期公司的用户增长势头将在今年维持强劲，其ARPU也会上升，将令该行及市场上调其2021年收入预测，也见证京东在本地零售市场中进一步获得市场份额。大和表示，公司的用户增长将在今年上半年维持强劲，其去年第四季日活跃用户同比升30%，当中超80%新用户来自低线城市。预计今年第一季收入同比升28%，主要受惠于政府农历新年的“就地过年”政策及京东在快速消费品及线上杂货市场的快速扩张等。野村证券：公司零售估值1000以美元野村研报提到，京东去年第四季度非通用会计准则每股盈利同比升174%，高于市场及该行预期，收入同比升31%，也高于市场预期，主要受公司零售及新业务收入强劲增长带动。该行表示，对于电商行业，今年是投资年，低端市场的杂货业务将成为主要战场，公司已成为巨头可进入此竞争领域，而公司于今年首季成立京喜，以建立供应链及物流网络，预期今年收入可望强劲增长27%，按2021-23年度营运盈利复合年增长率30%，以及2021年度市盈率31倍计算，公司零售估值达1000亿美元。","news_type":1,"symbols_score_info":{"JD":0.9,"09618":0.9}},"isVote":1,"tweetType":1,"viewCount":2626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}