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Ryan Lau

Ryan Lau

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2021-04-27

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Tencent Games' Anxiety About Anime and Comics

2021-06-29

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2021-06-28

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The Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.

2021-06-19

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JD.com released its final 618 shopping festival sales report: cumulative orders exceeded 343.8 billion yuan.

2021-06-15

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Times Angel's single-lot success rate is 1.5%; subscribing to 750 lots guarantees one lot.

2021-05-17

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2021-06-21

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Opening: US stocks opened higher across the board, with most US infrastructure concepts rising.

2021-06-16

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Are US Treasury yields falling instead of rising? It is precisely because of concerns about a slowdown in economic recovery!

2021-06-09

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2021-06-28

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Outlook: US June non-farm payrolls to hit! Nayuki's tea listed on the Hong Kong Stock Exchange

Go to Tiger App to see more news

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Andrew Slimmon, a senior portfolio manager at the firm, said that people tend to hold inflation-sensitive stocks when the economy is stronger, and people may underestimate the duration of this cycle.</p><p>Slimmon points out that value stocks remain cheap relative to the broader market, and the phase of value stocks outperforming large-cap stocks will continue.</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>Growth VS. value: the biggest divide in the US stock market right now.</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\">\nGrowth VS. value: the biggest divide in the US stock market right now.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-06-27 21:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>A battle is underway between growth stocks and value stocks. As we approach the middle of the year, the uncertainty surrounding US stocks is increasing, which has had a huge impact on the style of US stocks, and a battle between growth stocks and value stocks is underway.</p><p>In terms of uncertainty, on the one hand, U.S. monetary and fiscal support may decrease, which will weaken the current economic recovery and put pressure on corporate earnings growth. In addition, the U.S. government's plans to raise taxes are another potential deterrent.</p><p>On the other hand, inflation has become another major uncertainty affecting the performance of US stocks. If upward pressure on prices continues, resulting in higher rate hike expectations, US stocks may experience a bumpy road.</p><p>These uncertainties dominate the performance of growth and value stocks, and changes in inflation and monetary policy towards expectations will determine the style of US stocks in the second half of the year.</p><p>As previously mentioned by Wall Street Insights, since the beginning of this year, as US Treasury yields have risen rapidly and US stocks have rotated rapidly, the stock prices of tech giants that were enjoying great success during the pandemic have corrected sharply, while cyclical stocks that are more sensitive to economic recovery have rebounded collectively.</p><p>However, recently, as inflation expectations have cooled and US Treasury yields have declined, technology stocks have regained market favor, especially since the Federal Reserve hinted at an earlier-than-expected rate hike, which has intensified the rise in technology stocks.</p><p>Many analysts have sided with technology stocks, believing that after a correction, the valuations of American tech giants have begun to show attractiveness, which means that these tech leaders are expected to continue to rise.</p><p>Barclays strategist Maneesh Deshpande believes that U.S. tech stocks are currently relatively cheap. According to Barclays data, FANMAG currently has an average expected P/E of 29.9 times. This is only slightly higher than about 28 times before the pandemic began in December 2019, and a significant drop from the peak of 40 times in the middle of last year.</p><p>Jason Pride, Chief Investment Officer of Glenmede Private Wealth, believes that the rally in value stocks is not over yet, and value stocks will outperform technology stocks.</p><p>We are still in the process of fundamental recovery, with both economic growth and revenue improving. Our basic assumption is that inflation will eventually stabilize between 2% and 3%, which will benefit value stocks more than growth stocks. Morgan Stanley Asset Management also favors value stocks. Andrew Slimmon, a senior portfolio manager at the firm, said that people tend to hold inflation-sensitive stocks when the economy is stronger, and people may underestimate the duration of this cycle.</p><p>Slimmon points out that value stocks remain cheap relative to the broader market, and the phase of value stocks outperforming large-cap stocks will continue.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175717613","content_text":"一场成长股与价值股之间的角力正在展开。\n\n行至年中，笼罩的美股上方的不确定性越来越大，对美股风格也产生了巨大影响，一场成长股与价值股之间的角力正在展开。\n就不确定性而言，一方面，美国货币和财政支持可能会减少，这将削弱当前经济复苏的活力，并对企业盈利增长造成压力。此外美国政府酝酿提高税收的计划是另一个潜在的抑制因素。\n另一方面，通胀走势成为牵动美股走势的另一大不确定性，如果价格的上行压力持续，结果是加息预期上升，美股可能会经历一段坎坷之路。\n这些不确定性主宰着成长和价值股票走势，通胀和货币政策走向预期的变动将决定美股下半年的风格。\n华尔街见闻此前提及，今年初以来，随着美债收益率快速走高，美股快速轮动，疫情期间风光无限的科技巨头们股价大幅回调，而对经济复苏较为敏感的周期股集体反弹。\n但近期，随着通胀预期降温，美债收益率下行，科技股重获市场青睐，尤其是美联储暗示将早于预期加息以来，科技股涨势加剧。\n有不少分析师站队科技股，认为经过一番回调，目前美国科技巨头们的估值已经开始彰显吸引力，这意味着这些科技领头羊有望继续上涨。\n巴克莱策略师Maneesh Deshpande认为目前美国科技股相对便宜。巴克莱(Barclays)的数据显示，FANMAG目前的平均预期市盈率为29.9倍。这只比2019年12月大流行开始前的约28倍高一点点，比去年年中40倍的峰值大幅下降。\n格伦米德(Glenmede)私人财富首席投资官Jason Pride则认为，价值股的行情还未结束，价值股将跑赢科技股：\n\n 我们仍处于基本面复苏之中，经济增长和收入都有所提高。我们的基本假设是，通胀最终会稳定在2%至3%之间，这对价值股的益处将大于成长股。\n\n摩根士丹利资产管理公司也偏好价值股。该机构高级投资组合经理Andrew Slimmon表示，在经济形势更为强劲的时候，倾向于持有对通胀敏感的股票，而人们可能低估了这个周期的持续时间。\nSlimmon指出，相对于更广泛的市场，价值型股票仍然很便宜，价值股表现超大盘的阶段将持续下去。","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":4673,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127848276,"gmtCreate":1624844315695,"gmtModify":1703845962783,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/127848276","repostId":"2146007781","repostType":4,"isVote":1,"tweetType":1,"viewCount":4836,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127840712,"gmtCreate":1624844204236,"gmtModify":1703845957871,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/127840712","repostId":"1111160299","repostType":4,"repost":{"id":"1111160299","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":1624835672,"share":"https://ttm.financial/m/news/1111160299?lang=en_US&edition=fundamental","pubTime":"2021-06-28 07:14","market":"sh","language":"zh","title":"Outlook: US June non-farm payrolls to hit! Nayuki's tea listed on the Hong Kong Stock Exchange","url":"https://stock-news.laohu8.com/highlight/detail?id=1111160299","media":"老虎资讯综合","summary":"摘要：\n\n 经济数据方面：中国官方制造业PMI、中国财新制造业PMI、美国初请失业金人数、美国6月Markit制造业PMI初值、美国6月非农就业报告等；\n\n\n 新股方面：越秀服务、和黄医药、“新式茶饮","content":"<p>Abstract:</p><p>Regarding economic data: China's official manufacturing PMI, China's Caixin manufacturing PMI, US initial jobless claims, US June...<a href=\"https://laohu8.com/S/MRKT\">Markit</a>Preliminary manufacturing PMI readings, US June non-farm payrolls report, etc.; Regarding new shares:<a href=\"https://laohu8.com/S/06626\">Yuexiu Services</a>、<a href=\"https://laohu8.com/S/00013\">Hutchison MediPharma</a>\"The first stock in the new-style tea beverage industry\"<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>、<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Many new stocks, including Maicai and Atour Group, have been launched! Regarding financial events: 2021 FOMC voting member and Richmond Fed President will deliver a speech. Hong Kong stocks will be closed on Thursday, the anniversary of Hong Kong's return to China.<b>Overview of important economic data</b></p><p><b>Keywords for Monday, June 28: Federal Reserve Williams speech; Yuexiu Services listed</b><img src=\"https://static.tigerbbs.com/56f5afbec3ae71eff87df037fadb34de\" tg-width=\"609\" tg-height=\"142\" referrerpolicy=\"no-referrer\">On Monday, investors paid close attention to the June Dallas Fed manufacturing activity index in the United States. In addition, investors pay attention to the performance of US stocks and US Treasury bonds to find clues about changes in market sentiment.</p><p>Regarding new stocks,<b>Yuexiu Services was listed on the Main Board of the Stock Exchange on Monday</b>The shares will be traded in board lots of 500 shares of Yuexiu Services, with the stock code 6626.</p><p>Data shows that Yuexiu Services' revenue continued to grow rapidly, reaching RMB 1.168 billion in 2020, with an average annual compound growth rate of 23.7%. In terms of revenue by region, 78% and 92% of the revenue from the non-commercial and commercial segments came from the Greater Bay Area, respectively. The company is also actively expanding its layout outside the Greater Bay Area.</p><p><b>Keywords for Tuesday, June 29: Richmond Fed President's speech; Dingdong Maicai goes public</b><img src=\"https://static.tigerbbs.com/835d984c6c7d7bbf6cf77ab2a1b42111\" tg-width=\"614\" tg-height=\"462\" referrerpolicy=\"no-referrer\"><b>On Tuesday, investors focused on consumer confidence data from the U.S. Consulting Group.</b>。 The market widely believes that consumer confidence in the United States has further improved.</p><p>Analysts point out that the U.S. economy is expected to see stronger growth, and the unemployment rate is expected to record a net decrease, with the number of consumers reaching a record high. Although inflation expectations declined in early June, rising inflation remains a top concern for consumers.</p><p>U.S. consumer sentiment rose more than expected in early June due to an improved economic outlook and slowing inflation expectations. Furthermore, with the lifting of travel restrictions, warming temperatures, and easing health concerns, consumer sentiment has become more optimistic.</p><p><b>Regarding new listings, Dingdong Maicai is listed on the US stock market.</b>。 The company plans to issue 14 million American Depositary Shares (ADSs) in this IPO, with an issuance range of $23.5 to $25.5 per ADS;<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Bank of America<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>The underwriters are also entitled to an over-allotment option of 2.1 million ADS. Based on the upper limit of this issuance range, Dingdong Maicai's IPO could raise a maximum of US$410 million.</p><p><b>Keywords for Wednesday, June 30th: China's official manufacturing PMI, IPOs of Hutchison MediPharma, Nayuki, and other new stocks.</b><img src=\"https://static.tigerbbs.com/8b79e86151fa8448864cf47679b25d04\" tg-width=\"614\" tg-height=\"601\" referrerpolicy=\"no-referrer\">During the Asian session on June 30, the focus will be on China's official manufacturing PMI for June.</p><p><b>The Hong Kong stock market will see two new IPOs on Wednesday: Hutchison MediPharma and Nayuki Tea.</b></p><p>Hutchison MediPharma was priced at HK$40.1 per share. Assuming the over-allotment option is not exercised, the company is expected to receive total proceeds from the global offering of HK$4,170.4 million. The company intends to use the net proceeds from the global offering to advance its late-stage clinical plans and its pipeline of clinical and preclinical drug candidates, further enhance its commercialization, clinical, regulatory and manufacturing capabilities, fund potential global business development and strategic acquisition opportunities, and for general corporate purposes.</p><p>Nayuki Tea's offering price is between HK$17.20 and HK$19.80, with a maximum total fundraising amount of approximately HK$5.858 billion. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%.</p><p><b>Keywords for Thursday, July 1st: China Caixin Manufacturing PMI; U.S. initial jobless claims data; Atour Group goes public</b><img src=\"https://static.tigerbbs.com/0c65a6ca86833610251c4e1b660500f4\" tg-width=\"609\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p><p><b>On Thursday, Hong Kong stocks will be closed for one day due to the anniversary of Hong Kong's return to China.</b></p><p>Investors should pay close attention to a series of economic data released by the United States, among which the most significant impact on the market may be...<b>Manufacturing PMI data for June</b>。</p><p>Despite the gradual improvement in U.S. manufacturing performance, manufacturers are still struggling to obtain raw materials and hire qualified workers, which has significantly increased prices for businesses and consumers. The strong performance of the manufacturing sector supported economists' expectations for double-digit growth in the second quarter.</p><p>As the COVID-19 pandemic kept Americans at home, demand shifted from services to goods. Demand remains strong as vaccinations and trillions of dollars in government relief funds have allowed the economy to reopen more broadly.</p><p><b>Regarding new shares, Atour Group will be listed on the US stock market.</b>The company is a mid-to-high-end chain hotel group, with brands covering the entire business chain from mid-range to luxury hotels. According to the Frost & Sullivan Report, Atour Hotels was the largest mid-to-high-end hotel chain in China by number of rooms as of the end of 2020.</p><p><b>Keywords for Friday, July 2nd: US June non-farm payrolls report; Zhongjun Commercial Management listed</b><img src=\"https://static.tigerbbs.com/423d184f221bc811afff249a68e94882\" tg-width=\"615\" tg-height=\"599\" referrerpolicy=\"no-referrer\">Friday,<b>The market is about to receive the US June non-farm payrolls report.</b>The quality of the data will directly and significantly affect the market trend.</p><p>Although the U.S. job market is recovering, the extent of the recovery remains miss the market expectation. Analysts say a rapidly tightening labor market could pose a medium-term problem for financial markets. Although new jobs are increasing, the unemployment rate in the United States continues to rise and the employment rate is low.</p><p>The Federal Reserve recently raised its inflation forecast and brought forward its rate hike timetable. Two rate hike are currently expected in 2023 as U.S. inflation is at a multi-decade high.</p><p>Analysts say the Federal Reserve currently seems quite determined to stick to this course, easing more than ever before and maintaining liquidity as much as possible, but the pace of withdrawing liquidity is very, very slow. Analysts believe that, given existing valuation indicators, any factors disrupting financial markets, including the labor market, are the real problems facing them in the medium term.</p><p><b>Regarding new shares, Zhongjun Commercial Management is listed on the Hong Kong Stock Exchange.</b>According to public information, Zhongjun Commercial Management is a comprehensive property management service provider, positioned as an asset-light management company, providing management services for office buildings, commercial streets and residences for its parent company, Zhongjun Group, and third parties.</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>Outlook: US June non-farm payrolls to hit! Nayuki's tea listed on the Hong Kong Stock Exchange</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\">\nOutlook: US June non-farm payrolls to hit! Nayuki's tea listed on the Hong Kong Stock Exchange\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\">2021-06-28 07:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Abstract:</p><p>Regarding economic data: China's official manufacturing PMI, China's Caixin manufacturing PMI, US initial jobless claims, US June...<a href=\"https://laohu8.com/S/MRKT\">Markit</a>Preliminary manufacturing PMI readings, US June non-farm payrolls report, etc.; Regarding new shares:<a href=\"https://laohu8.com/S/06626\">Yuexiu Services</a>、<a href=\"https://laohu8.com/S/00013\">Hutchison MediPharma</a>\"The first stock in the new-style tea beverage industry\"<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>、<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Many new stocks, including Maicai and Atour Group, have been launched! Regarding financial events: 2021 FOMC voting member and Richmond Fed President will deliver a speech. Hong Kong stocks will be closed on Thursday, the anniversary of Hong Kong's return to China.<b>Overview of important economic data</b></p><p><b>Keywords for Monday, June 28: Federal Reserve Williams speech; Yuexiu Services listed</b><img src=\"https://static.tigerbbs.com/56f5afbec3ae71eff87df037fadb34de\" tg-width=\"609\" tg-height=\"142\" referrerpolicy=\"no-referrer\">On Monday, investors paid close attention to the June Dallas Fed manufacturing activity index in the United States. In addition, investors pay attention to the performance of US stocks and US Treasury bonds to find clues about changes in market sentiment.</p><p>Regarding new stocks,<b>Yuexiu Services was listed on the Main Board of the Stock Exchange on Monday</b>The shares will be traded in board lots of 500 shares of Yuexiu Services, with the stock code 6626.</p><p>Data shows that Yuexiu Services' revenue continued to grow rapidly, reaching RMB 1.168 billion in 2020, with an average annual compound growth rate of 23.7%. In terms of revenue by region, 78% and 92% of the revenue from the non-commercial and commercial segments came from the Greater Bay Area, respectively. The company is also actively expanding its layout outside the Greater Bay Area.</p><p><b>Keywords for Tuesday, June 29: Richmond Fed President's speech; Dingdong Maicai goes public</b><img src=\"https://static.tigerbbs.com/835d984c6c7d7bbf6cf77ab2a1b42111\" tg-width=\"614\" tg-height=\"462\" referrerpolicy=\"no-referrer\"><b>On Tuesday, investors focused on consumer confidence data from the U.S. Consulting Group.</b>。 The market widely believes that consumer confidence in the United States has further improved.</p><p>Analysts point out that the U.S. economy is expected to see stronger growth, and the unemployment rate is expected to record a net decrease, with the number of consumers reaching a record high. Although inflation expectations declined in early June, rising inflation remains a top concern for consumers.</p><p>U.S. consumer sentiment rose more than expected in early June due to an improved economic outlook and slowing inflation expectations. Furthermore, with the lifting of travel restrictions, warming temperatures, and easing health concerns, consumer sentiment has become more optimistic.</p><p><b>Regarding new listings, Dingdong Maicai is listed on the US stock market.</b>。 The company plans to issue 14 million American Depositary Shares (ADSs) in this IPO, with an issuance range of $23.5 to $25.5 per ADS;<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Bank of America<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>The underwriters are also entitled to an over-allotment option of 2.1 million ADS. Based on the upper limit of this issuance range, Dingdong Maicai's IPO could raise a maximum of US$410 million.</p><p><b>Keywords for Wednesday, June 30th: China's official manufacturing PMI, IPOs of Hutchison MediPharma, Nayuki, and other new stocks.</b><img src=\"https://static.tigerbbs.com/8b79e86151fa8448864cf47679b25d04\" tg-width=\"614\" tg-height=\"601\" referrerpolicy=\"no-referrer\">During the Asian session on June 30, the focus will be on China's official manufacturing PMI for June.</p><p><b>The Hong Kong stock market will see two new IPOs on Wednesday: Hutchison MediPharma and Nayuki Tea.</b></p><p>Hutchison MediPharma was priced at HK$40.1 per share. Assuming the over-allotment option is not exercised, the company is expected to receive total proceeds from the global offering of HK$4,170.4 million. The company intends to use the net proceeds from the global offering to advance its late-stage clinical plans and its pipeline of clinical and preclinical drug candidates, further enhance its commercialization, clinical, regulatory and manufacturing capabilities, fund potential global business development and strategic acquisition opportunities, and for general corporate purposes.</p><p>Nayuki Tea's offering price is between HK$17.20 and HK$19.80, with a maximum total fundraising amount of approximately HK$5.858 billion. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%.</p><p><b>Keywords for Thursday, July 1st: China Caixin Manufacturing PMI; U.S. initial jobless claims data; Atour Group goes public</b><img src=\"https://static.tigerbbs.com/0c65a6ca86833610251c4e1b660500f4\" tg-width=\"609\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p><p><b>On Thursday, Hong Kong stocks will be closed for one day due to the anniversary of Hong Kong's return to China.</b></p><p>Investors should pay close attention to a series of economic data released by the United States, among which the most significant impact on the market may be...<b>Manufacturing PMI data for June</b>。</p><p>Despite the gradual improvement in U.S. manufacturing performance, manufacturers are still struggling to obtain raw materials and hire qualified workers, which has significantly increased prices for businesses and consumers. The strong performance of the manufacturing sector supported economists' expectations for double-digit growth in the second quarter.</p><p>As the COVID-19 pandemic kept Americans at home, demand shifted from services to goods. Demand remains strong as vaccinations and trillions of dollars in government relief funds have allowed the economy to reopen more broadly.</p><p><b>Regarding new shares, Atour Group will be listed on the US stock market.</b>The company is a mid-to-high-end chain hotel group, with brands covering the entire business chain from mid-range to luxury hotels. According to the Frost & Sullivan Report, Atour Hotels was the largest mid-to-high-end hotel chain in China by number of rooms as of the end of 2020.</p><p><b>Keywords for Friday, July 2nd: US June non-farm payrolls report; Zhongjun Commercial Management listed</b><img src=\"https://static.tigerbbs.com/423d184f221bc811afff249a68e94882\" tg-width=\"615\" tg-height=\"599\" referrerpolicy=\"no-referrer\">Friday,<b>The market is about to receive the US June non-farm payrolls report.</b>The quality of the data will directly and significantly affect the market trend.</p><p>Although the U.S. job market is recovering, the extent of the recovery remains miss the market expectation. Analysts say a rapidly tightening labor market could pose a medium-term problem for financial markets. Although new jobs are increasing, the unemployment rate in the United States continues to rise and the employment rate is low.</p><p>The Federal Reserve recently raised its inflation forecast and brought forward its rate hike timetable. Two rate hike are currently expected in 2023 as U.S. inflation is at a multi-decade high.</p><p>Analysts say the Federal Reserve currently seems quite determined to stick to this course, easing more than ever before and maintaining liquidity as much as possible, but the pace of withdrawing liquidity is very, very slow. Analysts believe that, given existing valuation indicators, any factors disrupting financial markets, including the labor market, are the real problems facing them in the medium term.</p><p><b>Regarding new shares, Zhongjun Commercial Management is listed on the Hong Kong Stock Exchange.</b>According to public information, Zhongjun Commercial Management is a comprehensive property management service provider, positioned as an asset-light management company, providing management services for office buildings, commercial streets and residences for its parent company, Zhongjun Group, and third parties.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d256e82db1d71c864259845ce1d069bf","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF华安","NUGT":"二倍做多黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF-iShares","GDX":"黄金矿业ETF-VanEck","GLD":"黄金ETF-SPDR","DUST":"二倍做空黄金矿业指数ETF-Direxion"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111160299","content_text":"摘要：\n\n 经济数据方面：中国官方制造业PMI、中国财新制造业PMI、美国初请失业金人数、美国6月Markit制造业PMI初值、美国6月非农就业报告等；\n\n\n 新股方面：越秀服务、和黄医药、“新式茶饮第一股”奈雪的茶、叮咚买菜、亚朵集团……等多只新股扎堆上市！\n\n\n 财经事件方面：2021年FOMC票委、里奇蒙德联储主席将发表讲话。香港回归纪念日，港股周四休市一天。\n\n重要经济数据一览\n6月28日周一关键词：美联储威廉姆斯讲话；越秀服务上市周一，投资者稍加留意美国的6月达拉斯联储制造业活动指数。另外，投资者关注美股和美债的走势，从而找到市场情绪变化的线索。\n新股方面，越秀服务周一在联交所主板上市，将以每手500股越秀服务股份进行买卖，股份代号为6626。\n资料显示，越秀服务收入持续快速增长，2020年收入达到11.68亿元，年均复合增长率为23.7%，按地域划分收入看，非商业板块和商业板块分别有78%和92%的收入来自大湾区，公司亦积极向大湾区之外延伸布局。\n6月29日周二关键词：里奇蒙德联储主席讲话；叮咚买菜上市周二，投资者主要关注美国的咨商会消费信心数据。目前市场广泛认为美国的消费信心有了进一步的好转。\n分析指出，美国经济预期会出现更强增长，预计失业率将录得净降低的消费者人数创下历史新高。尽管通胀预期在6月初有所下降，通胀上升仍然是消费者最关心的问题。\n由于经济前景的改善以及通胀预期趋缓，美国消费者情绪在6月初的上升幅度超过了预期。此外，随着旅行限制的取消，气温回暖以及健康担忧的弱化，消费者的情绪更加乐观。\n新股方面，叮咚买菜于美股上市。公司计划在本次IPO中发行1400万股美国存托股票（ADS），发行区间为每股ADS 23.5美元-25.5美元；摩根士丹利、美银、瑞士信贷等承销商另享有210万股ADS的超额配售权。以此发行区间上限计算，叮咚买菜本次IPO至多募资规模为4.1亿美元。\n6月30日周三关键词：中国官方制造业PMI，和黄医药、奈雪的茶等新股上市6月30日亚洲时段，重点关注中国的6月份官方制造业PMI。\n周三港股将迎来两个新股IPO：和黄医药和奈雪的茶。\n和黄医药每股定价为40.1港元。假设超额配股权未获行使，公司自全球发售获得的所得款项总额预期将为41.704亿港元。公司拟将全球发售的所得款项净额用作推进其后期临床计划以及其临床阶段及临床前候选药物管线、进一步增强其商业化、临床、监管及生产实力、为潜在的全球业务发展及策略收购机会提供资金，以及用作一般企业用途。\n奈雪的茶招股价为17.20港元-19.80港元之间，最高募资总额约为58.58亿港元。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。\n7月1日周四关键词：中国财新制造业PMI；美国初请失业金数据；亚朵集团上市\n周四，因香港回归纪念日，港股休市一天。\n投资者可重点关注美国公布的一系列经济数据，其中对市场影响较大的可能是6月份的制造业PMI数据。\n当前美国制造业表现逐步向好，虽然如此，但制造商仍在努力获取原材料和招聘合格工人，这大大提高了企业和消费者的价格。制造业的强劲表现支撑了经济学家对第二季度两位数增长的预期。\n由于新冠疫情使美国人留在国内，需求从服务转向商品。由于接种疫苗和政府提供的数万亿美元救济资金使经济更广泛地重新开放，需求仍保持强劲。\n新股方面，亚朵集团将于美股上市。公司为一家中高档连锁酒店集团，旗下品牌覆盖从中档到豪华酒店的全业务链条。根据弗若斯特沙利文报告，截至2020年底，按客房数量计，亚朵酒店是中国最大的中高档连锁酒店。\n7月2日周五关键词：美国6月非农就业报告；中骏商管上市周五，市场将迎来美国6月非农就业报告，数据的好坏将直接大幅度的影响市场行情的走向。\n尽管美国就业市场正在复苏，但复苏的程度仍然不及市场预期。分析表示，劳动力市场迅速收紧可能会给金融市场带来一个中期问题。虽然新增就业不断增加，但美国失业率持续上升，且雇佣率低迷。\n美联储最近上调了通胀预期，并提前了加息时间表，目前预计2023年将有两次加息，因为美国的通胀率正处于几十年来的高点。\n分析称，目前美联储似乎相当坚决地坚持这一路线，比以往任何时候都要宽松，并尽可能维持流动性，但撤回流动性的速度非常非常缓慢。分析认为，考虑到现有的估值指标，任何扰乱金融市场的因素，包括劳动力市场，都是金融市场在中期面临的真正问题。\n新股方面，中骏商管于港股上市。资料显示，中骏商管是一家综合物业管理服务提供商，定位轻资产管理公司，为母公司中骏集团及第三方提供办公楼、商业街及住宅等管理服务。","news_type":1,"symbols_score_info":{"159934":0.9,"518880":0.9,"MGCmain":0.9,"IAU":0.9,"GLD":0.9,"GDX":0.9,"SGUmain":0.9,"DUST":0.9,"NUGT":0.9,"SImain":0.9,"SGCmain":0.9,"GCmain":0.9}},"isVote":1,"tweetType":1,"viewCount":4906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127857475,"gmtCreate":1624844183497,"gmtModify":1703845956243,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127857475","repostId":"1108579788","repostType":4,"repost":{"id":"1108579788","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":1624842781,"share":"https://ttm.financial/m/news/1108579788?lang=en_US&edition=fundamental","pubTime":"2021-06-28 09:13","market":"other","language":"zh","title":"The Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.","url":"https://stock-news.laohu8.com/highlight/detail?id=1108579788","media":"老虎资讯综合","summary":"6月28日讯，港交所因黑色暴雨警告信号将取消上午时段交易。\n此前，港交所公告称若早上9点仍不能取消天文台发出的黑色暴雨警告，将取消盘前交易。\n香港交易所：由于天文台发出黑色暴雨警告，证券（包括沪深股通","content":"<p>June 28 - The Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.</p><p>Previously, the Hong Kong Stock Exchange announced that if the black rainstorm warning issued by the Observatory could not be lifted by 9 a.m., pre-market trading would be cancelled.</p><p>Hong Kong Stock Exchange: Due to the black rainstorm warning issued by the Observatory, the morning trading hours of securities (including the Shanghai-Shenzhen Stock Connect) and derivatives markets will be delayed. If the black rainstorm warning signal remains in effect at 9 a.m., morning trading will be cancelled.</p><p>Shanghai Stock Exchange: Hong Kong Stock Exchange suspended trading due to black rainstorm. Trading in Hong Kong stocks through the Shanghai-Hong Kong Stock Connect has been suspended.</p><p>Shenzhen Stock Exchange: On June 28, the Hong Kong Stock Exchange suspended trading due to black rainstorm. According to the \"Implementation Measures for the Shenzhen-Hong Kong Stock Connect Business of the Shenzhen Stock Exchange\", trading in Hong Kong stocks under the Shenzhen-Hong Kong Stock Connect is<img src=\"https://static.tigerbbs.com/3990c0a20608d23583a9a9f2cfa0ace3\" tg-width=\"999\" tg-height=\"391\" referrerpolicy=\"no-referrer\"><b>A black rainstorm hit Hong Kong, and Hong Kong stocks were closed this morning. How much do you know about the trading schedule?</b></p><p>On June 28, the Hong Kong Observatory issued a special report at 8:20 a.m. regarding the black rainstorm warning signal: The rainstorm warning signal is currently black, indicating that heavy rainfall exceeding 70 mm per hour has been recorded or is expected in a wide area of Hong Kong, and the rain may continue.<img src=\"https://static.tigerbbs.com/c65808ce9685f3cd97d48ee260a04e71\" tg-width=\"550\" tg-height=\"378\" referrerpolicy=\"no-referrer\">As of 9:00 a.m., the black rainstorm warning had not yet been lifted, and the opening of Hong Kong stock trading in the morning session would be delayed. If it is lifted after 9 a.m., morning trading in Hong Kong stocks will be canceled. If it is lifted between 11:00 and 11:30, trading will begin at 1:30 p.m. If it is lifted between 11:30 and 12:00, trading will begin at 2:00 PM; The market will be lifted after noon and closed for the whole day.<img src=\"https://static.tigerbbs.com/fa2358a6b83c103be2c4404bddf61e1a\" tg-width=\"550\" tg-height=\"296\" referrerpolicy=\"no-referrer\">Due to the frequent occurrence of typhoons and other weather events, trading in the Hong Kong market has been delayed multiple times due to weather factors. Therefore, the Hong Kong Stock Exchange has relatively comprehensive measures in place to cope.</p><p>On August 19, 2020, the Hong Kong stock market was closed in the morning, and the Hong Kong Observatory issued Strong Wind Signal No. 3 at 11:10 a.m. on the 19th. The Hong Kong Stock Exchange subsequently announced that the afternoon trading session would begin at 13:30.</p><p>On August 23, 2017, the Hong Kong Stock Exchange announced in the morning that the morning trading session of the securities market (including the Shanghai-Shenzhen Stock Connect) and derivatives market would be delayed due to the Observatory having issued Typhoon Signal No. 8.</p><p>On October 21, 2016, the Hong Kong Stock Exchange announced that the morning trading session of the securities market (including the Shanghai-Hong Kong Stock Connect) and derivatives market would be delayed due to the Observatory issuing Typhoon Signal No. 8.</p><p>On August 2, 2016, the Hong Kong Stock Exchange announced that Typhoon Warning No. 8 remained in effect, and the morning trading session of the securities market (including the Shanghai-Hong Kong Stock Connect) and derivatives market would be delayed.</p><p>On September 16, 2014, the Hong Kong Stock Exchange announced that the opening of the securities and derivatives markets would be delayed during the morning trading session, after the Hong Kong Observatory had issued Storm Signal No. 8 for Typhoon Kalmaegi.</p><p>In 2013, similar actions were taken several times due to typhoons and heavy rains.</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>The Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.</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; 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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\">\nThe Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.\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\">2021-06-28 09:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 28 - The Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.</p><p>Previously, the Hong Kong Stock Exchange announced that if the black rainstorm warning issued by the Observatory could not be lifted by 9 a.m., pre-market trading would be cancelled.</p><p>Hong Kong Stock Exchange: Due to the black rainstorm warning issued by the Observatory, the morning trading hours of securities (including the Shanghai-Shenzhen Stock Connect) and derivatives markets will be delayed. If the black rainstorm warning signal remains in effect at 9 a.m., morning trading will be cancelled.</p><p>Shanghai Stock Exchange: Hong Kong Stock Exchange suspended trading due to black rainstorm. Trading in Hong Kong stocks through the Shanghai-Hong Kong Stock Connect has been suspended.</p><p>Shenzhen Stock Exchange: On June 28, the Hong Kong Stock Exchange suspended trading due to black rainstorm. According to the \"Implementation Measures for the Shenzhen-Hong Kong Stock Connect Business of the Shenzhen Stock Exchange\", trading in Hong Kong stocks under the Shenzhen-Hong Kong Stock Connect is<img src=\"https://static.tigerbbs.com/3990c0a20608d23583a9a9f2cfa0ace3\" tg-width=\"999\" tg-height=\"391\" referrerpolicy=\"no-referrer\"><b>A black rainstorm hit Hong Kong, and Hong Kong stocks were closed this morning. How much do you know about the trading schedule?</b></p><p>On June 28, the Hong Kong Observatory issued a special report at 8:20 a.m. regarding the black rainstorm warning signal: The rainstorm warning signal is currently black, indicating that heavy rainfall exceeding 70 mm per hour has been recorded or is expected in a wide area of Hong Kong, and the rain may continue.<img src=\"https://static.tigerbbs.com/c65808ce9685f3cd97d48ee260a04e71\" tg-width=\"550\" tg-height=\"378\" referrerpolicy=\"no-referrer\">As of 9:00 a.m., the black rainstorm warning had not yet been lifted, and the opening of Hong Kong stock trading in the morning session would be delayed. If it is lifted after 9 a.m., morning trading in Hong Kong stocks will be canceled. If it is lifted between 11:00 and 11:30, trading will begin at 1:30 p.m. If it is lifted between 11:30 and 12:00, trading will begin at 2:00 PM; The market will be lifted after noon and closed for the whole day.<img src=\"https://static.tigerbbs.com/fa2358a6b83c103be2c4404bddf61e1a\" tg-width=\"550\" tg-height=\"296\" referrerpolicy=\"no-referrer\">Due to the frequent occurrence of typhoons and other weather events, trading in the Hong Kong market has been delayed multiple times due to weather factors. Therefore, the Hong Kong Stock Exchange has relatively comprehensive measures in place to cope.</p><p>On August 19, 2020, the Hong Kong stock market was closed in the morning, and the Hong Kong Observatory issued Strong Wind Signal No. 3 at 11:10 a.m. on the 19th. The Hong Kong Stock Exchange subsequently announced that the afternoon trading session would begin at 13:30.</p><p>On August 23, 2017, the Hong Kong Stock Exchange announced in the morning that the morning trading session of the securities market (including the Shanghai-Shenzhen Stock Connect) and derivatives market would be delayed due to the Observatory having issued Typhoon Signal No. 8.</p><p>On October 21, 2016, the Hong Kong Stock Exchange announced that the morning trading session of the securities market (including the Shanghai-Hong Kong Stock Connect) and derivatives market would be delayed due to the Observatory issuing Typhoon Signal No. 8.</p><p>On August 2, 2016, the Hong Kong Stock Exchange announced that Typhoon Warning No. 8 remained in effect, and the morning trading session of the securities market (including the Shanghai-Hong Kong Stock Connect) and derivatives market would be delayed.</p><p>On September 16, 2014, the Hong Kong Stock Exchange announced that the opening of the securities and derivatives markets would be delayed during the morning trading session, after the Hong Kong Observatory had issued Storm Signal No. 8 for Typhoon Kalmaegi.</p><p>In 2013, similar actions were taken several times due to typhoons and heavy rains.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/26e574706ced777ba0af741c0072c424","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108579788","content_text":"6月28日讯，港交所因黑色暴雨警告信号将取消上午时段交易。\n此前，港交所公告称若早上9点仍不能取消天文台发出的黑色暴雨警告，将取消盘前交易。\n香港交易所：由于天文台发出黑色暴雨警告，证券（包括沪深股通）及衍生产品市场之早上交易时段均会延迟开市。如果上午9点黑色暴雨警告信号仍维持，上午交易将取消。\n上交所：香港联合证券交易所因黑色暴雨暂停交易。沪港通下港股通暂停交易。\n深交所：6月28日，香港联合证券交易所因黑色暴雨暂停交易。根据《深圳证券交易所深港通业务实施办法》，深港通下的港股通暂停交易。香港黑色暴雨来袭，港股上午休市，交易安排知多少？\n6月28日消息，香港天文台在上午8时20分发出之有关黑色暴雨警告信号的特别报告：暴雨警告信号现时为黑色，表示香港广泛地区已录得或预料会有每小时雨量超过70毫米的豪雨，且雨势可能持续。截至上午9点，黑色暴雨警告尚未解除，港股早盘交易将延迟开市。如果上午9点以后解除，港股早盘交易将取消。如果11点至11点30分解除，下午1点30开始交易；如果11点30分到12点解除，下午2点开始交易；中午12点后解除，全天休市。由于台风等天气出现频繁，香港市场已多次因天气因素影响而延迟交易，因此，港交所应对措施也较为完善。\n2020年8月19日，香港股市早盘休市，香港天文台19日上午11时10分改发三号强风信号。港交所随后宣布，下午交易时段将于13：30时开始。\n2017年8月23日，港交所于早间宣布，由于天文台现已发出八号台风信号，证券市场 (包括沪深股通) 及衍生产品市场的上午交易时段会延迟开市。\n2016年10月21日，港交所表示，由于天文台现已发出八号台风信号，证券市场 (包括沪股通) 及衍生产品市场之上午交易时段会延迟开市。\n2016年8月2日，港交所公告显示，八号风球预警仍然有效，证券市场 (包括沪股通) 及衍生产品市场之上午交易时段会延迟开市。\n2014年9月16日，港交所宣布，证券及衍生品市场早上交易时段均会延迟开市，此前香港天文台已针对台风“海鸥”发出八号暴风风球信号。\n2013年，也有数次因为台风和暴雨采取类似的行动。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4757,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122749949,"gmtCreate":1624634570181,"gmtModify":1703842430001,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/122749949","repostId":"1151678687","repostType":4,"repost":{"id":"1151678687","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":1624625455,"share":"https://ttm.financial/m/news/1151678687?lang=en_US&edition=fundamental","pubTime":"2021-06-25 20:50","market":"us","language":"zh","title":"Opening: S&P 500 hits new high, Virgin Galactic surges 18%","url":"https://stock-news.laohu8.com/highlight/detail?id=1151678687","media":"老虎资讯综合","summary":"6月25日（周五），标普500指数开盘上涨8.73点，涨幅0.20%，报4275.22点，盘初创下4277.40点历史高位。纳斯达克综合指数开盘上涨28.4点，涨幅0.20%，报14398.1点；道琼","content":"<p>June 25 (Friday),<b>The S&P 500 opened up 8.73 points, or 0.20%, at 4,275.22, after hitting an all-time high of 4,277.40 at the start of the session.</b>The Nasdaq Composite Index opened up 28.4 points, or 0.20%, at 14,398.1. The Dow Jones Industrial Average opened up 184.02 points, or 0.54%, at 34,380.84. In terms of news, S&P raised its 2021 U.S. real GDP growth forecast to 6.7% and its 2022 U.S. real GDP growth forecast to 3.7%.</p><p><img src=\"https://static.tigerbbs.com/fc279c8c14f22142f7c28b993282f0f2\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It opened up more than 2%.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Its chip business has been established as an independent company, valued at 13 billion yuan.</p><p>Most popular Chinese concept stocks rose.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 5%.<a href=\"https://laohu8.com/S/YSG\">Yixian E-commerce</a>Up 4.85%<a href=\"https://laohu8.com/S/HUYA\">Tiger Teeth</a>NetEase rose more than 3%<a href=\"https://laohu8.com/S/DAO\">Youdao</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It rose by more than 2%.</p><p><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>The stock opened more than 18% higher after the company received full commercial launch permission from the U.S. Federal Aviation Administration, enabling it to send customers into space.</p><p><a href=\"https://laohu8.com/S/NKE\">Nike</a>It opened up more than 13%. The company's full-year and fourth-quarter results both exceeded market expectations. Fourth fiscal quarter<a href=\"https://laohu8.com/S/NKE\">Nike</a>Revenue in the North American market increased by 141% year-over-year to a record $5.38 billion.</p><p>Online payment solution platform<a href=\"https://laohu8.com/S/PSFE\">Paysafe</a>The stock rose more than 12%, marking its biggest intraday gain in a month, and became a hot topic of discussion on the WSB today.</p><p><a href=\"https://laohu8.com/S/PSAC\">Property Solutions Acquisition</a>Faraday Future opened more than 15% higher after announcing that its merger and listing documents with PSAC took effect, with the stock ticker symbol FFIE.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It opened higher and rose more than 2%. Japan<a href=\"https://laohu8.com/S/PC\">Panasonic</a>A spokesperson for the company said on Friday that it had liquidated its holdings for approximately 400 billion yen (about $3.6 billion).<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The proceeds will be used for the company's strategic investments.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It opened down 0.08%. Thursday,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>The new generation of desktop operating system, Windows 11, was launched. However, Microsoft has not announced the official release date of Windows 11, only stating that it will provide free upgrades to eligible Windows 10 computers starting this holiday.</p><p><a href=\"https://laohu8.com/S/FDX\">FedEx</a>The company fell more than 4%, with its financial guidance for fiscal year 2022 falling short of market expectations; The company's CEO stated that recruitment difficulties have affected the company's operations.</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: S&P 500 hits new high, Virgin Galactic surges 18%</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: S&P 500 hits new high, Virgin Galactic surges 18%\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\">2021-06-25 20:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 25 (Friday),<b>The S&P 500 opened up 8.73 points, or 0.20%, at 4,275.22, after hitting an all-time high of 4,277.40 at the start of the session.</b>The Nasdaq Composite Index opened up 28.4 points, or 0.20%, at 14,398.1. The Dow Jones Industrial Average opened up 184.02 points, or 0.54%, at 34,380.84. In terms of news, S&P raised its 2021 U.S. real GDP growth forecast to 6.7% and its 2022 U.S. real GDP growth forecast to 3.7%.</p><p><img src=\"https://static.tigerbbs.com/fc279c8c14f22142f7c28b993282f0f2\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It opened up more than 2%.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Its chip business has been established as an independent company, valued at 13 billion yuan.</p><p>Most popular Chinese concept stocks rose.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 5%.<a href=\"https://laohu8.com/S/YSG\">Yixian E-commerce</a>Up 4.85%<a href=\"https://laohu8.com/S/HUYA\">Tiger Teeth</a>NetEase rose more than 3%<a href=\"https://laohu8.com/S/DAO\">Youdao</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It rose by more than 2%.</p><p><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>The stock opened more than 18% higher after the company received full commercial launch permission from the U.S. Federal Aviation Administration, enabling it to send customers into space.</p><p><a href=\"https://laohu8.com/S/NKE\">Nike</a>It opened up more than 13%. The company's full-year and fourth-quarter results both exceeded market expectations. Fourth fiscal quarter<a href=\"https://laohu8.com/S/NKE\">Nike</a>Revenue in the North American market increased by 141% year-over-year to a record $5.38 billion.</p><p>Online payment solution platform<a href=\"https://laohu8.com/S/PSFE\">Paysafe</a>The stock rose more than 12%, marking its biggest intraday gain in a month, and became a hot topic of discussion on the WSB today.</p><p><a href=\"https://laohu8.com/S/PSAC\">Property Solutions Acquisition</a>Faraday Future opened more than 15% higher after announcing that its merger and listing documents with PSAC took effect, with the stock ticker symbol FFIE.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It opened higher and rose more than 2%. Japan<a href=\"https://laohu8.com/S/PC\">Panasonic</a>A spokesperson for the company said on Friday that it had liquidated its holdings for approximately 400 billion yen (about $3.6 billion).<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The proceeds will be used for the company's strategic investments.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It opened down 0.08%. Thursday,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>The new generation of desktop operating system, Windows 11, was launched. However, Microsoft has not announced the official release date of Windows 11, only stating that it will provide free upgrades to eligible Windows 10 computers starting this holiday.</p><p><a href=\"https://laohu8.com/S/FDX\">FedEx</a>The company fell more than 4%, with its financial guidance for fiscal year 2022 falling short of market expectations; The company's CEO stated that recruitment difficulties have affected the company's operations.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","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":"1151678687","content_text":"6月25日（周五），标普500指数开盘上涨8.73点，涨幅0.20%，报4275.22点，盘初创下4277.40点历史高位。纳斯达克综合指数开盘上涨28.4点，涨幅0.20%，报14398.1点；道琼斯指数开盘上涨184.02点，涨幅0.54%，报34380.84点；消息面上，标普将2021年美国实际GDP增长预期上调至6.7％，将美国2022年实际GDP增速预期上调至3.7%。\n\n百度开盘涨超2%，百度旗下芯片业务成立独立公司，估值为130亿。\n热门中概股多数走高，哔哩哔哩涨超5%，逸仙电商涨4.85%，虎牙涨超3%，网易有道、京东、阿里巴巴涨超2%。\n维珍银河开盘涨超18%，公司获得美国联邦航空管理局的全面商业发射许可，可将客户送入太空。\n耐克开盘涨超13%。公司全年及第四季度业绩均超出市场预期。第四财季耐克北美市场营收同比增长141%，达到创纪录的53.8亿美元。\n在线支付解决方案平台Paysafe涨超12%，创一个月来最大盘中涨幅，该股今日成为WSB讨论热点。\nProperty Solutions Acquisition开盘涨超15%，法拉第未来宣布与PSAC公司的合并上市文件生效，股票代码为FFIE。\n特斯拉高开涨超2%。日本松下的新闻发言人周五表示，公司已经以约4000亿日元（折合约36亿美元）的价格清仓了所持有的特斯拉股票，所得款项将用于公司战略投资。\n微软开盘跌0.08%。周四，微软推出了全新一代的桌面操作系统Windows 11。不过，微软并未宣布Windows 11系统的正式发布时间，只表示从这个节假日开始为符合条件的Windows 10电脑提供免费升级。\n联邦快递跌逾4%，公司对2022财年财务指引低于市场预期；公司CEO表示因招聘困难，公司运营受到影响。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":5352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122757113,"gmtCreate":1624634528832,"gmtModify":1703842426717,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122757113","repostId":"1131945227","repostType":4,"repost":{"id":"1131945227","kind":"news","pubTimestamp":1624630961,"share":"https://ttm.financial/m/news/1131945227?lang=en_US&edition=fundamental","pubTime":"2021-06-25 22:22","market":"us","language":"zh","title":"The History of Migration of Major Internet Companies: From \"Gypsy Wandering\" to Buying Buildings and Land","url":"https://stock-news.laohu8.com/highlight/detail?id=1131945227","media":"Tech星球","summary":"迁徙，成为了互联网公司早期的主题，居无定所，曾是互联网公司们最有活力的证据。","content":"<p>By Qiao Xue</p><p>Migration was once the theme of the lives of the world's most mysterious gypsies. After repeated migrations, the Gypsies left India, reaching Persia in the 11th century, Southeast Europe in the early 14th century, Western Europe in the 15th century, and by the second half of the 20th century, their presence had spread throughout North and South America. Legend has it that they spent their entire lives migrating.</p><p>Major internet companies, upholding the spirit of \"freedom and openness,\" have also established themselves in Silicon Valley in the East.<a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>Migrating from Wudaokou and Xierqi, they were once like \"gypsies\" in various big cities, starting with code and devoting themselves to technology. Today, their reach has penetrated into every corner of people's lives and cities, moving beyond the world originally built solely from \"0\" and \"1\". They are buying buildings and land and gaining an increasing presence in the real world.</p><p>There's a saying in Mencius: \"A person without permanent property will never have a permanent heart.\" Buildings and grounds witness the rise and fall of internet technology companies.</p><p><b>Migrating Internet \"Gypsies\"</b></p><p>When Jobs and Wozniak assembled the first generation of Apple computers in their garage,<a href=\"https://laohu8.com/S/GOOG\">Google</a>When the first garage office was rented, Silicon Valley became Silicon Valley.</p><p>The entrepreneurial stories of Chinese technology companies continue the \"glorious tradition\" across the ocean: Lenovo rented a gatehouse of less than 20 square meters at the Institute of Computing Technology, Chinese Academy of Sciences; Huawei was born in a dilapidated house in Shenzhen; Ma Huateng rented a dance studio to embark on his journey; Jack Ma is a little better, owning a four-bedroom apartment in Hangzhou's Lakeside Garden; and Robin Li...<a href=\"https://laohu8.com/S/00618\">Peking University resources</a>The hotel was founded<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>······</p><p>The story of the new generation of BAT (Baidu, Alibaba, Tencent) is more down-to-earth. The common hometown of Kuaishou, ByteDance, and Meituan is \"Huaqing Jiayuan,\" a community located in Wudaokou, the \"center of the universe.\" Although housing prices are now often in the eight figures, Hu Boyu, an early investor in Kuaishou, recalled: \"When I found Kuaishou, they only had eight employees, living in a very dilapidated residential building, with no income and no tangible assets.\"</p><p>This is also the home of the two founders of Kuaishou. Cheng Yixiao and his family rented a house in the Huaqing Jiayuan residential area, while Su Hua, another major founder and CEO, also chose to live here. This created a heartwarming scene where the two often ate a bowl of snail rice noodles together after get off work and walked home together.</p><p>Meituan was also born here. In a three-bedroom apartment, there were only three people: Wang Xing, Wang Huiwen, and Lai Binqiang. They worked during the day and slept there at night. The three of them were running out of money. Just by sending a text message, they could meet a group of \"angels\" in the same neighborhood.</p><p>Zhang Yiming rewarded important departments by allowing them to work in the bedroom inside, while unimportant departments were crammed into the living room.</p><p>In 1998, Ding Lei<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Moving from Guangzhou to Beijing, the office location has changed several times: from the earliest Chongwenmen<a href=\"https://laohu8.com/S/600628\">New World</a>After moving from Building A to Kerry Centre and the third floor east of Oriental Plaza, they finally found a place to live in Building D of Tsinghua Science Park in Wudaokou. Established internet giants choose to settle down through migration, while emerging internet giants inevitably repeat the same path and continuously migrate to their places of residence.</p><p>Moving isn't necessarily a bad thing. \"If you can't move within two or three years, the company will go bankrupt.\" This metaphor suggests that leaving Huaqing Jiayuan and moving to a larger place is the sign that a company is on the right track. The story of internet entrepreneurship always starts from a humble beginning. After all, owning a computer is enough to write code. But gradually, as the number of people increases, small things always become big, and simple things always become complex.</p><p>Soon, Kuaishou moved from Huaqing Jiayuan to Building B of Tsinghua Science Park, 200 meters away. At that time, it had about 20 employees and tens of millions of daily active users. Then, after a calculation problem, the two founders decided to erect Kuaishou's LOGO on the roof of Building D of the Science and Technology Building. Within a 3-kilometer radius of Wudaokou, Kuaishou already has multiple office areas, including Tsinghua Science Park, Tongfang Science and Technology Plaza, and Wenjin International Hotel.</p><p>But not long after, it moved again. At the end of 2018, Kuaishou moved to Lenovo's Beijing Research Campus in Xierqi. Regarding the reason for Kuaishou's relocation, there were rumors that the rent in Tsinghua Science Park was higher.</p><p>Su Hua chose to go north, while Zhang Yiming preferred the bustling city center.</p><p>Zhongguancun, known as the \"Silicon Valley of the East,\" was once a favorite stronghold for internet companies. The founders come from the surrounding universities such as Tsinghua, Peking University, Renmin University, Beihang University, and Beijing University of Posts and Telecommunications. In addition, as one of the earliest regions to introduce tax incentives for high-tech companies, this is an incubator for high-quality IT companies.</p><p>The eternal landmark of the Internet in Zhongguancun is the Ideal Building, which is the earliest and most expensive Grade A office building in Zhongguancun. Before joining Li Auto,<a href=\"https://laohu8.com/S/SINA\">Sina</a>They lived cramped in a small white building in Wanquanzhuang, which was an annex to a primary school. \"Three floors, this long, small strip is like a small matchbox.”</p><p>Being able to move into such an office building is Sina's most glorious day. According to People magazine, Sina has always been the largest tenant of the Ideal International Building. At its peak, the building could accommodate 4,500 people, of which Sina had more than 3,000. The higher the floor, the more expensive it became. Sina rented four floors from the top down.</p><p>Therefore, the building displayed a huge logo for its most \"generous\" tenants, which became a major concern for Baidu until it went public and had its own name in the search building.</p><p>As Baidu's scale grew larger and larger, neither the Putian Building nor the Li Auto Building could support it, so it chose to move to Xierqi, which is further north. Some people migrate because they have abundant food and drink, while others migrate because of menstrual crises. Ideal's later tenant, ofo, moved to the Internet Finance Center after a brief period of glory. At this time, the number of people had shrunk from 3,400 at its most prosperous to 400, until it was gradually forgotten.</p><p>Migration became an early theme for internet companies, and nowhere to live was once the most dynamic evidence for them.</p><p><b>Settle down</b></p><p>Baidu was the first to settle down. In 2009, Baidu, which had lingered in Zhongguancun for many years, took the lead, ending its scattered office space in multiple office buildings such as Putian Building, Ideal Building, and Third Pole Building. It moved north from outside the North Third Ring Road to the new headquarters \"Search Frame\" building in Shangdi Science Park outside the North Fifth Ring Road.</p><p>A Baidu employee told Tech Planet that this 90,000-square-meter building, which can accommodate more than 7,000 Baidu employees, was once a source of pride for Baidu employees, and not many companies in Beijing have their own building. But soon after, the \"Search Box\" building became overcrowded, and Baidu had no choice but to continue moving. The Penghuan Building, Quico Building, and ShouChuang Space Building around Shangdi all left Baidu's footprints.</p><p>In 2012, Baidu had only a little over 20,000 employees, but that number more than doubled in 2014. It was in this year that the Baidu Science Park was completed in the second phase of Zhongguancun Software Park, 3 kilometers west of the \"Search Box\" building, becoming Baidu's new \"home\".</p><p>Later, Sina spent over 1.5 billion yuan in this park, eventually becoming neighbors with Baidu. Sina was directly across from NetEase, and next door was...<a href=\"https://laohu8.com/S/00700\">Tencent</a>Tencent is facing Baidu, and the four companies occupy the legendary \"crossroads of the Internet,\" which is jokingly known as the \"F4 of Houchangcun.\"</p><p>There's an old saying in Beijing: \"Where the wind blows, the water blows.\" The northern part of Beijing is full of diverse scenery and has always been considered a treasured place in terms of feng shui. Besides universities<a href=\"https://laohu8.com/S/YJ\">gather</a>Many internet high-tech companies have simultaneously located their companies in Xierqi.</p><p>Some people don't believe in superstitions and choose to go to Wangjing, which is more popular among young people.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>In 2015, they purchased Building 3 of Wangjing Greenland Center as their headquarters, but recently they want to return to the bustling north and have already expanded into the northern part of Zhongguancun.</p><p>Lei Jun and Xiaomi moved to Yingu Building, Juanshi Building, China Resources Colorful City and other places until the Xiaomi Technology Park was completed in 2019. This \"home\" cost Lei Jun 5.2 billion yuan. Kuaishou also began looking for a new headquarters in mid-2018 to end the dispersed state of multiple office areas. In the end, it bought a building for 2.8 billion yuan and became a neighbor with Xiaomi.</p><p>Zhang Yiming, who is most fond of Zhongguancun and has a strong presence at the Digital Festival, bought Fangheng Fashion Center as ByteDance's first home. He also reminded employees to post the address to show that \"we are one of the few companies that know Spring Road in the city center, unlike those companies in urban-rural fringe areas such as Shangdi and Tongzhou.\"</p><p>A real estate agent told Tech Planet that ByteDance's establishment here indirectly boosted nearby housing prices. During that time, his favorite phrase was, \"If you settle down quickly, you'll be able to be neighbors with ByteDance.\"</p><p>However, mobility remains the theme of ByteDance's employees. Although the Fangheng Fashion Center has 4,333 workstations, this \"home\" is not big enough compared to the 5,618 workstations in the original AVIC office and the 5,655 workstations in the Zhongguancun e-World Fortune Center. ByteDance has 39 similar office spaces in Beijing.</p><p>Every day, 53 shuttle buses shuttle back and forth between these 39 scattered office locations. According to Liu Run, a resident of We Media, they need to travel a distance from Chengdu to Tokyo.</p><p>Alibaba, located in the \"Paradise Silicon Valley,\" is much luckier. Not only does it have a campus with a total construction area of 136,000 square meters in Hangzhou's Binjiang District, but in October 2020...<a href=\"https://laohu8.com/S/06688\">Ant Group</a>The company acquired a commercial and office plot of land with a total area of over 700,000 square meters in the Zhijiang Resort area of Xihu District for 2.699 billion yuan and a floor price of 5,194 yuan per square meter, causing surrounding housing prices to rise accordingly.</p><p>Many internet companies have given up their entire fortune to settle down. As early as 2006,<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>Using 30% of his cash savings, he purchased the Beijing Weixin International Building in Wudaokou for a total price of approximately US$277 million. He later built the Sohu Media Building and Sohu...<a href=\"https://laohu8.com/S/CYOU\">Swim freely</a>The building, a former internet aristocrat, never expected that, based on its stock price on June 22, its market capitalization of $675 million would be less than that of real estate in its early days.</p><p>Bilibili is currently renting the entire property at the Kaide Guozheng Center in Wujiaochang, Yangpu District, Shanghai, making it its largest tenant. In 2020, Bilibili, which had been \"drifting in Shanghai\" for 10 years, finally spent 8.1 billion yuan to settle in Shanghai. However, as of the third quarter of 2020, Bilibili only had 1 billion yuan in available cash.</p><p>Coincidentally, in November of the same year, Meituan also invested 6.541 billion yuan to acquire the land next door, becoming its deskmate. Meituan, which is thrifty and manages its household, has repeatedly moved and expanded in Wangjing, with its employees scattered in office buildings of more than 300,000 square meters, including Hengji Weiye, Wangjing R&D Park, Qiming International Building, and Cyberport Building. This is also the first time in 10 years since Meituan was founded that it has purchased such a large-scale real estate.</p><p><b>Wider migration and weakening of headquarters</b></p><p>In addition to continuously expanding their footprint in their home base, internet companies are also reaching out to farther and wider places.</p><p>Northern companies have chosen to move south, with Baidu's South China headquarters and international headquarters both located in Shenzhen. ByteDance, which has been on a roll, also spent 1 billion yuan to become a neighbor of Tencent in Shenzhen. Behind the surge in employee size, in addition to the demand brought about by its own business growth, it may also be related to ByteDance's increased investment in acquisitions. According to CVSource investment data, ByteDance has invested in or acquired 117 companies since 2014. Xiaomi also won a commercial land parcel in Houhai for 531 million yuan, officially joining the Houhai \"headquarters cluster\".</p><p>Companies rooted in the south are choosing to move north. Alibaba will establish dual headquarters in Beijing and Hangzhou, as well as regional headquarters in Chongqing, Zhengzhou, Xi'an and other places. Although Ren Zhengfei stated that Huawei's headquarters will never leave Shenzhen, this does not prevent Huawei from also preparing to acquire the emerging Lize commercial district in Beijing to become the management headquarters and center for its domestic business.</p><p>On the one hand, internet technology companies are seeking a home for their growing power, while on the other hand, they are also treating land acquisition as a business.</p><p><a href=\"https://laohu8.com/S/JD\">JD.com</a>Not only has it acquired land to build its headquarters, logistics center, and customer service center, but it has also set its sights on the industrial new city market. In 2017, JD.com invested in the construction of the \"Sumi JD.com Cloud Guangdong East Operation Center\" in Shantou, Guangdong. In the same year, JD.com signed a strategic cooperation agreement with the Dongguan Municipal Government of Guangdong. Two years later, it invested 1.06 billion yuan to acquire land in Fenggang, Dongguan, to build the \"Fenggang JD.com Smart Valley\" project. In October 2020, JD.com joined forces with Ping An,<a href=\"https://laohu8.com/S/000961\">Central South Construction</a>The company acquired two plots of land in the Xiangcheng District High-speed Railway New City area of Suzhou for 4.73 billion yuan.</p><p>JD.com's most famous recent acquisition was the 2.7 billion yuan acquisition of the Cuigong Hotel in Beijing. Soon after, the building was transferred to the well-known hedge fund Anzu Gordon.</p><p>Acquiring land and buying properties also requires the support of the location where the company is located. When Meituan acquired the Shanghai plot of land, it specified in the transfer conditions that it must introduce the headquarters of internationally, nationally and regionally well-known companies in the field of the Internet online new economy industry. Behind Xiaomi's acquisition of land at the reserve price is the fact that the entry requirements specify that the industry is a new generation of mobile terminal devices such as A0610 smartphones and mobile TVs.</p><p>Huawei, known as the pride of domestic products, has an even stronger GR. When Huawei moved to Dongguan, Dongguan City allocated 1,900 mu of land for Huawei's terminal headquarters to build projects such as Huawei employee apartments and Huawei terminal headquarters. Huawei's research institutes are located in Shenzhen, Shanghai, Hangzhou, Nanjing, Beijing, Xi'an, Wuhan and Suzhou.</p><p>Huawei already has a huge land reserve, with a cumulative land area of approximately 10 million square meters acquired in recent years, which is equivalent to the scale of a national small and medium-sized developer.</p><p>The headquarters economy brought about by the once proud headquarters of the internet has changed. Local economies yearn for new leaps and bounds brought about by internet giants, who in turn enjoy some support policies. At the same time, plan ahead to ensure that you have enough room for improvement in the future.</p><p>At a time when the overall growth of the internet industry is slowing down and stabilizing, these office buildings and land parcels have become one of the most valuable assets of the rising stars in the internet technology industry, which seems to prove the old saying, \"It's better to buy a house early than to do a good job in your main business.\"</p><p>I heard that Tencent recently bought an island in Dachang Bay, and the hottest name on the internal network is \"Goose City,\" which makes people want to echo the line from \"Let the Bullets Fly,\" \"I just want to stand there and make money.\"</p>","source":"techxq","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>The History of Migration of Major Internet Companies: From \"Gypsy Wandering\" to Buying Buildings and Land</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\">\nThe History of Migration of Major Internet Companies: From \"Gypsy Wandering\" to Buying Buildings and Land\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Tech星球</strong><span class=\"h-time small\">2021-06-25 22:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>By Qiao Xue</p><p>Migration was once the theme of the lives of the world's most mysterious gypsies. After repeated migrations, the Gypsies left India, reaching Persia in the 11th century, Southeast Europe in the early 14th century, Western Europe in the 15th century, and by the second half of the 20th century, their presence had spread throughout North and South America. Legend has it that they spent their entire lives migrating.</p><p>Major internet companies, upholding the spirit of \"freedom and openness,\" have also established themselves in Silicon Valley in the East.<a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>Migrating from Wudaokou and Xierqi, they were once like \"gypsies\" in various big cities, starting with code and devoting themselves to technology. Today, their reach has penetrated into every corner of people's lives and cities, moving beyond the world originally built solely from \"0\" and \"1\". They are buying buildings and land and gaining an increasing presence in the real world.</p><p>There's a saying in Mencius: \"A person without permanent property will never have a permanent heart.\" Buildings and grounds witness the rise and fall of internet technology companies.</p><p><b>Migrating Internet \"Gypsies\"</b></p><p>When Jobs and Wozniak assembled the first generation of Apple computers in their garage,<a href=\"https://laohu8.com/S/GOOG\">Google</a>When the first garage office was rented, Silicon Valley became Silicon Valley.</p><p>The entrepreneurial stories of Chinese technology companies continue the \"glorious tradition\" across the ocean: Lenovo rented a gatehouse of less than 20 square meters at the Institute of Computing Technology, Chinese Academy of Sciences; Huawei was born in a dilapidated house in Shenzhen; Ma Huateng rented a dance studio to embark on his journey; Jack Ma is a little better, owning a four-bedroom apartment in Hangzhou's Lakeside Garden; and Robin Li...<a href=\"https://laohu8.com/S/00618\">Peking University resources</a>The hotel was founded<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>······</p><p>The story of the new generation of BAT (Baidu, Alibaba, Tencent) is more down-to-earth. The common hometown of Kuaishou, ByteDance, and Meituan is \"Huaqing Jiayuan,\" a community located in Wudaokou, the \"center of the universe.\" Although housing prices are now often in the eight figures, Hu Boyu, an early investor in Kuaishou, recalled: \"When I found Kuaishou, they only had eight employees, living in a very dilapidated residential building, with no income and no tangible assets.\"</p><p>This is also the home of the two founders of Kuaishou. Cheng Yixiao and his family rented a house in the Huaqing Jiayuan residential area, while Su Hua, another major founder and CEO, also chose to live here. This created a heartwarming scene where the two often ate a bowl of snail rice noodles together after get off work and walked home together.</p><p>Meituan was also born here. In a three-bedroom apartment, there were only three people: Wang Xing, Wang Huiwen, and Lai Binqiang. They worked during the day and slept there at night. The three of them were running out of money. Just by sending a text message, they could meet a group of \"angels\" in the same neighborhood.</p><p>Zhang Yiming rewarded important departments by allowing them to work in the bedroom inside, while unimportant departments were crammed into the living room.</p><p>In 1998, Ding Lei<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Moving from Guangzhou to Beijing, the office location has changed several times: from the earliest Chongwenmen<a href=\"https://laohu8.com/S/600628\">New World</a>After moving from Building A to Kerry Centre and the third floor east of Oriental Plaza, they finally found a place to live in Building D of Tsinghua Science Park in Wudaokou. Established internet giants choose to settle down through migration, while emerging internet giants inevitably repeat the same path and continuously migrate to their places of residence.</p><p>Moving isn't necessarily a bad thing. \"If you can't move within two or three years, the company will go bankrupt.\" This metaphor suggests that leaving Huaqing Jiayuan and moving to a larger place is the sign that a company is on the right track. The story of internet entrepreneurship always starts from a humble beginning. After all, owning a computer is enough to write code. But gradually, as the number of people increases, small things always become big, and simple things always become complex.</p><p>Soon, Kuaishou moved from Huaqing Jiayuan to Building B of Tsinghua Science Park, 200 meters away. At that time, it had about 20 employees and tens of millions of daily active users. Then, after a calculation problem, the two founders decided to erect Kuaishou's LOGO on the roof of Building D of the Science and Technology Building. Within a 3-kilometer radius of Wudaokou, Kuaishou already has multiple office areas, including Tsinghua Science Park, Tongfang Science and Technology Plaza, and Wenjin International Hotel.</p><p>But not long after, it moved again. At the end of 2018, Kuaishou moved to Lenovo's Beijing Research Campus in Xierqi. Regarding the reason for Kuaishou's relocation, there were rumors that the rent in Tsinghua Science Park was higher.</p><p>Su Hua chose to go north, while Zhang Yiming preferred the bustling city center.</p><p>Zhongguancun, known as the \"Silicon Valley of the East,\" was once a favorite stronghold for internet companies. The founders come from the surrounding universities such as Tsinghua, Peking University, Renmin University, Beihang University, and Beijing University of Posts and Telecommunications. In addition, as one of the earliest regions to introduce tax incentives for high-tech companies, this is an incubator for high-quality IT companies.</p><p>The eternal landmark of the Internet in Zhongguancun is the Ideal Building, which is the earliest and most expensive Grade A office building in Zhongguancun. Before joining Li Auto,<a href=\"https://laohu8.com/S/SINA\">Sina</a>They lived cramped in a small white building in Wanquanzhuang, which was an annex to a primary school. \"Three floors, this long, small strip is like a small matchbox.”</p><p>Being able to move into such an office building is Sina's most glorious day. According to People magazine, Sina has always been the largest tenant of the Ideal International Building. At its peak, the building could accommodate 4,500 people, of which Sina had more than 3,000. The higher the floor, the more expensive it became. Sina rented four floors from the top down.</p><p>Therefore, the building displayed a huge logo for its most \"generous\" tenants, which became a major concern for Baidu until it went public and had its own name in the search building.</p><p>As Baidu's scale grew larger and larger, neither the Putian Building nor the Li Auto Building could support it, so it chose to move to Xierqi, which is further north. Some people migrate because they have abundant food and drink, while others migrate because of menstrual crises. Ideal's later tenant, ofo, moved to the Internet Finance Center after a brief period of glory. At this time, the number of people had shrunk from 3,400 at its most prosperous to 400, until it was gradually forgotten.</p><p>Migration became an early theme for internet companies, and nowhere to live was once the most dynamic evidence for them.</p><p><b>Settle down</b></p><p>Baidu was the first to settle down. In 2009, Baidu, which had lingered in Zhongguancun for many years, took the lead, ending its scattered office space in multiple office buildings such as Putian Building, Ideal Building, and Third Pole Building. It moved north from outside the North Third Ring Road to the new headquarters \"Search Frame\" building in Shangdi Science Park outside the North Fifth Ring Road.</p><p>A Baidu employee told Tech Planet that this 90,000-square-meter building, which can accommodate more than 7,000 Baidu employees, was once a source of pride for Baidu employees, and not many companies in Beijing have their own building. But soon after, the \"Search Box\" building became overcrowded, and Baidu had no choice but to continue moving. The Penghuan Building, Quico Building, and ShouChuang Space Building around Shangdi all left Baidu's footprints.</p><p>In 2012, Baidu had only a little over 20,000 employees, but that number more than doubled in 2014. It was in this year that the Baidu Science Park was completed in the second phase of Zhongguancun Software Park, 3 kilometers west of the \"Search Box\" building, becoming Baidu's new \"home\".</p><p>Later, Sina spent over 1.5 billion yuan in this park, eventually becoming neighbors with Baidu. Sina was directly across from NetEase, and next door was...<a href=\"https://laohu8.com/S/00700\">Tencent</a>Tencent is facing Baidu, and the four companies occupy the legendary \"crossroads of the Internet,\" which is jokingly known as the \"F4 of Houchangcun.\"</p><p>There's an old saying in Beijing: \"Where the wind blows, the water blows.\" The northern part of Beijing is full of diverse scenery and has always been considered a treasured place in terms of feng shui. Besides universities<a href=\"https://laohu8.com/S/YJ\">gather</a>Many internet high-tech companies have simultaneously located their companies in Xierqi.</p><p>Some people don't believe in superstitions and choose to go to Wangjing, which is more popular among young people.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>In 2015, they purchased Building 3 of Wangjing Greenland Center as their headquarters, but recently they want to return to the bustling north and have already expanded into the northern part of Zhongguancun.</p><p>Lei Jun and Xiaomi moved to Yingu Building, Juanshi Building, China Resources Colorful City and other places until the Xiaomi Technology Park was completed in 2019. This \"home\" cost Lei Jun 5.2 billion yuan. Kuaishou also began looking for a new headquarters in mid-2018 to end the dispersed state of multiple office areas. In the end, it bought a building for 2.8 billion yuan and became a neighbor with Xiaomi.</p><p>Zhang Yiming, who is most fond of Zhongguancun and has a strong presence at the Digital Festival, bought Fangheng Fashion Center as ByteDance's first home. He also reminded employees to post the address to show that \"we are one of the few companies that know Spring Road in the city center, unlike those companies in urban-rural fringe areas such as Shangdi and Tongzhou.\"</p><p>A real estate agent told Tech Planet that ByteDance's establishment here indirectly boosted nearby housing prices. During that time, his favorite phrase was, \"If you settle down quickly, you'll be able to be neighbors with ByteDance.\"</p><p>However, mobility remains the theme of ByteDance's employees. Although the Fangheng Fashion Center has 4,333 workstations, this \"home\" is not big enough compared to the 5,618 workstations in the original AVIC office and the 5,655 workstations in the Zhongguancun e-World Fortune Center. ByteDance has 39 similar office spaces in Beijing.</p><p>Every day, 53 shuttle buses shuttle back and forth between these 39 scattered office locations. According to Liu Run, a resident of We Media, they need to travel a distance from Chengdu to Tokyo.</p><p>Alibaba, located in the \"Paradise Silicon Valley,\" is much luckier. Not only does it have a campus with a total construction area of 136,000 square meters in Hangzhou's Binjiang District, but in October 2020...<a href=\"https://laohu8.com/S/06688\">Ant Group</a>The company acquired a commercial and office plot of land with a total area of over 700,000 square meters in the Zhijiang Resort area of Xihu District for 2.699 billion yuan and a floor price of 5,194 yuan per square meter, causing surrounding housing prices to rise accordingly.</p><p>Many internet companies have given up their entire fortune to settle down. As early as 2006,<a href=\"https://laohu8.com/S/SOHU\">Sohu</a>Using 30% of his cash savings, he purchased the Beijing Weixin International Building in Wudaokou for a total price of approximately US$277 million. He later built the Sohu Media Building and Sohu...<a href=\"https://laohu8.com/S/CYOU\">Swim freely</a>The building, a former internet aristocrat, never expected that, based on its stock price on June 22, its market capitalization of $675 million would be less than that of real estate in its early days.</p><p>Bilibili is currently renting the entire property at the Kaide Guozheng Center in Wujiaochang, Yangpu District, Shanghai, making it its largest tenant. In 2020, Bilibili, which had been \"drifting in Shanghai\" for 10 years, finally spent 8.1 billion yuan to settle in Shanghai. However, as of the third quarter of 2020, Bilibili only had 1 billion yuan in available cash.</p><p>Coincidentally, in November of the same year, Meituan also invested 6.541 billion yuan to acquire the land next door, becoming its deskmate. Meituan, which is thrifty and manages its household, has repeatedly moved and expanded in Wangjing, with its employees scattered in office buildings of more than 300,000 square meters, including Hengji Weiye, Wangjing R&D Park, Qiming International Building, and Cyberport Building. This is also the first time in 10 years since Meituan was founded that it has purchased such a large-scale real estate.</p><p><b>Wider migration and weakening of headquarters</b></p><p>In addition to continuously expanding their footprint in their home base, internet companies are also reaching out to farther and wider places.</p><p>Northern companies have chosen to move south, with Baidu's South China headquarters and international headquarters both located in Shenzhen. ByteDance, which has been on a roll, also spent 1 billion yuan to become a neighbor of Tencent in Shenzhen. Behind the surge in employee size, in addition to the demand brought about by its own business growth, it may also be related to ByteDance's increased investment in acquisitions. According to CVSource investment data, ByteDance has invested in or acquired 117 companies since 2014. Xiaomi also won a commercial land parcel in Houhai for 531 million yuan, officially joining the Houhai \"headquarters cluster\".</p><p>Companies rooted in the south are choosing to move north. Alibaba will establish dual headquarters in Beijing and Hangzhou, as well as regional headquarters in Chongqing, Zhengzhou, Xi'an and other places. Although Ren Zhengfei stated that Huawei's headquarters will never leave Shenzhen, this does not prevent Huawei from also preparing to acquire the emerging Lize commercial district in Beijing to become the management headquarters and center for its domestic business.</p><p>On the one hand, internet technology companies are seeking a home for their growing power, while on the other hand, they are also treating land acquisition as a business.</p><p><a href=\"https://laohu8.com/S/JD\">JD.com</a>Not only has it acquired land to build its headquarters, logistics center, and customer service center, but it has also set its sights on the industrial new city market. In 2017, JD.com invested in the construction of the \"Sumi JD.com Cloud Guangdong East Operation Center\" in Shantou, Guangdong. In the same year, JD.com signed a strategic cooperation agreement with the Dongguan Municipal Government of Guangdong. Two years later, it invested 1.06 billion yuan to acquire land in Fenggang, Dongguan, to build the \"Fenggang JD.com Smart Valley\" project. In October 2020, JD.com joined forces with Ping An,<a href=\"https://laohu8.com/S/000961\">Central South Construction</a>The company acquired two plots of land in the Xiangcheng District High-speed Railway New City area of Suzhou for 4.73 billion yuan.</p><p>JD.com's most famous recent acquisition was the 2.7 billion yuan acquisition of the Cuigong Hotel in Beijing. Soon after, the building was transferred to the well-known hedge fund Anzu Gordon.</p><p>Acquiring land and buying properties also requires the support of the location where the company is located. When Meituan acquired the Shanghai plot of land, it specified in the transfer conditions that it must introduce the headquarters of internationally, nationally and regionally well-known companies in the field of the Internet online new economy industry. Behind Xiaomi's acquisition of land at the reserve price is the fact that the entry requirements specify that the industry is a new generation of mobile terminal devices such as A0610 smartphones and mobile TVs.</p><p>Huawei, known as the pride of domestic products, has an even stronger GR. When Huawei moved to Dongguan, Dongguan City allocated 1,900 mu of land for Huawei's terminal headquarters to build projects such as Huawei employee apartments and Huawei terminal headquarters. Huawei's research institutes are located in Shenzhen, Shanghai, Hangzhou, Nanjing, Beijing, Xi'an, Wuhan and Suzhou.</p><p>Huawei already has a huge land reserve, with a cumulative land area of approximately 10 million square meters acquired in recent years, which is equivalent to the scale of a national small and medium-sized developer.</p><p>The headquarters economy brought about by the once proud headquarters of the internet has changed. Local economies yearn for new leaps and bounds brought about by internet giants, who in turn enjoy some support policies. At the same time, plan ahead to ensure that you have enough room for improvement in the future.</p><p>At a time when the overall growth of the internet industry is slowing down and stabilizing, these office buildings and land parcels have become one of the most valuable assets of the rising stars in the internet technology industry, which seems to prove the old saying, \"It's better to buy a house early than to do a good job in your main business.\"</p><p>I heard that Tencent recently bought an island in Dachang Bay, and the hottest name on the internal network is \"Goose City,\" which makes people want to echo the line from \"Let the Bullets Fly,\" \"I just want to stand there and make money.\"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://finance.sina.com.cn/tech/csj/2021-06-25/doc-ikqcfnca3242159.shtml\">Tech星球</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5ae87ee7fa7637f621353ab8a89104f8","relate_stocks":{"160636":"互联网","161025":"移动互联"},"source_url":"http://finance.sina.com.cn/tech/csj/2021-06-25/doc-ikqcfnca3242159.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131945227","content_text":"文/乔雪\n迁徙，曾是世界上最神秘的吉普赛人一生的母题。吉普赛人经屡次迁徙，离开印度，11世纪到波斯，14世纪初到东南欧，15世纪到西欧，20世纪下半叶，吉普赛人的踪迹已遍布北美和南美。传说中，他们的一生都在迁徙。\n秉承“自由与开放”精神的互联网大厂们，也曾在东方硅谷的中关村、五道口、西二旗迁徙，他们曾经有如各个大城市里的“吉普赛人”，起始于代码，潜心于科技。如今，他们的触角深入大众生活和城市的各个角落，走出了原本只在“0”“1”中构建的世界，买楼买地，在现实世界中拥有越来越多的存在感。\n《孟子》中有一句话是这么说的：“人无恒产，必无恒心。”楼、地，见证着互联网科技公司们的兴衰变迁。\n迁徙的互联网“吉普赛人”\n当乔布斯和沃兹尼亚克在车库组装出第一代苹果电脑，谷歌租用了第一间车库办公室时，硅谷就成为了硅谷。\n中国科技公司的创业故事，也在延续着大洋彼岸的“光荣传统”：联想租用中科院计算所的一个不足20平的传达室，华为诞生在深圳一间破旧民房里，马化腾租着舞蹈室开启奋斗之路，马云好一点，在杭州湖畔花园拥有一套四居室，李彦宏则在北大资源宾馆创立了百度······\n新一代BAT故事更接地气，快手、字节、美团的共同故乡是“华清嘉园”，这个位于“宇宙中心”五道口的小区，虽然现在的房价动辄8位数，但快手早期投资人胡博予回忆：我找到快手的时候，他们只有8个员工，在一个非常破的居民楼里，没有任何收入，也没有任何有形资产。\n这里还是快手两位创始人的安家之所，程一笑一家租住在华清嘉园小区的一套民房里，而后来的另一位主要创始人、CEO宿华也选择住在这里，这样就有了两人经常下班后一起吃碗螺蛳粉，结伴步行回家的温馨画面。\n美团也诞生在这儿，在一个三居室里，只有王兴、王慧文、赖斌强三个人，白天办公，晚上就睡在那里。三个人已经没钱了，发个短信，就能在同小区见到一批“天使”。\n张一鸣给重要的部门的奖赏，是可以用里面的卧室办公，而不重要的部门就挤在客厅里。\n1998年，丁磊将网易从广州搬来北京，办公地点几经变迁：从最早的崇文门新世界中心A楼，搬到嘉里中心和东方广场东三楼，最终，终于在五道口清华科技园D座找到栖身之地。老牌互联网巨头经过迁徙选择定居，而新锐互联网也难免重复老路，不断迁徙栖身之地。\n迁徙未必是坏事，“如果两三年都搬不走，这公司就得黄。”这份暗喻表示，走出华清嘉园，搬到更大的地方，才是企业走上正轨的标志。互联网创业的故事，起点总是低微，毕竟，写代码，能拥有一台电脑就足够了，但渐渐地，随着人数越来越多，小总要变成大，简单总要走向繁复。\n很快，快手就从华清嘉园迁入了200米开外的清华科技园B座，当时员工20来人，日活已经来到千万，接着，两位创始人经过一道计算题，决定把快手的LOGO竖立在了科技大厦D座楼顶。五道口3公里范围内，快手已经拥有清华科技园、同方科技广场、文津国际酒店等多个办公区。\n但没过多久，就又再次搬家，2018年底，快手便搬到了位于西二旗的联想北研园区，关于快手易址的原因，坊间有传闻称是清华科技园租金较高。\n宿华选择北上，张一鸣则更喜欢市区内的繁华。\n“东方硅谷”中关村，曾经是互联网公司最爱的据点。创始人们出自周围环绕的清北人大、北航北邮等高校，加上作为最早一批出台高科技公司税收优惠政策的区域，这里是优质IT企业的孵化器。\n中关村互联网永恒地标是理想大厦，这里是中关村最早且最贵的甲级写字楼。在入驻理想前，新浪蜗居在万泉庄的小白楼，那是一所小学的附属楼。“三层楼，长长的这么一小条，就跟个小火柴盒一样。”\n能入驻这样的写字楼，是新浪最风光的日子，据《人物》报道，新浪始终是理想国际大厦最大的租户，大厦最拥挤的时候容纳4500人，其中新浪就有3000多人，楼层越往上越贵，新浪是从顶往下租了四层。\n因此，大厦为最“豪气”的租户挂上了硕大的logo，这一度成为了百度的心病，直到上市后，在自己的搜索大厦拥有姓名才纾解。\n百度的规模越来越大，普天大厦、理想大厦都不足以承载，于是选择迁往更北的西二旗；有人迁徙是因为拥有丰沛的粮草，而有的迁徙，则是伤经动骨，理想后来的租客ofo，在短暂的辉煌停留后搬去了互联网金融中心，此时已从最繁荣的3400人，缩减到400人，直至逐渐趋于被遗忘。\n迁徙，成为了互联网公司早期的主题，居无定所，曾是互联网公司们最有活力的证据。\n安家\n最先安家的是百度，2009年，在中关村流连多年的百度率先动身，结束了在普天大厦、理想大厦、第三极大厦等多幢写字楼分散办公的状态，一路北上，从北三环外搬到了北五环外的上地科技园区的新总部“搜索框”大厦。\n一位百度人告诉Tech星球，这座达9万平方米，足以容纳百度7000多名员工的大厦，曾一度是让百度人骄傲的存在，在北京有属于自己楼的公司并不多。但没多久，“搜索框”大厦也人满为患，百度只能继续搬家，上地周围的鹏寰大厦、奎科大厦、首创空间大厦都留下过百度的足迹。\n2012年，百度员工数量只有2万出头，2014年就翻了一倍多，也正是在这一年，“搜索框”大厦向西3公里的中关村软件园二期里百度科技园落成，成为了百度的新“家”。\n后来这座园子里，新浪花费了超过15亿，兜兜转转与百度又做上了邻居，新浪正对面是网易，隔壁是腾讯，腾讯对面是百度，四家公司分占据了传说中的「互联网的十字路口」，被戏称为“后厂村F4”。\n北京有句老话叫“上风上水”，北京城的北面气象万千，历来被认为是风水宝地。除了高校云集，众多互联网高科技公司都不约而同地将公司定在了西二旗。\n也有人不信邪，选择去年轻人更爱的望京，阿里巴巴2015年购得望京绿地中心3号楼，作为总部，但是最近又想要重回热闹的北边，已经在中关村的北部拓土。\n雷军和小米先后辗转银谷大厦、卷石大厦、华润五彩城等地，直到2019年小米科技园落成，这个“家”花掉雷军52亿元。快手也从2018年中开始寻找新总部，以结束多个办公区分散的状态，最后28亿买楼，跟小米做上邻居。\n最钟情中关村的还要数字节跳动的张一鸣，为字节买下方恒时尚中心作为第一个家，还不忘提醒员工要晒出地址，以彰显“我们是少有的在市中心知春路的，不像那些在上地、通州等城乡结合部的公司。”\n一位地产中介告诉Tech星球，字节在这里安家，还间接带动了附近的房价，那段时间，他最喜欢的话术是，“快定下来，就能和字节做邻居了。”\n但流动仍然是字节员工的主题，虽然方恒时尚中心有4333个工位，和原来中航办公室的5618个工位、中关村e世界财富中心5655工位相比，这个“家”还不够大，而类似这样的办公场所，字节跳动在北京有39个。\n每天的53辆穿梭车，就在这散落的39个办公地点之间来回反复穿梭、循环，根据自媒体人刘润计算，要穿梭出一个从成都到东京的距离。\n而身处“天堂硅谷”的阿里就幸运的多，不仅在杭州滨江区拥有总建筑面积136000㎡的园区，2020年10月，蚂蚁集团以26.99亿元、楼面价5194元每平方米的价格拿下西湖区之江度假区一宗总体量超过70万方的商办地块，周边的房价也应声上涨。\n为了安家，很多互联网公司拿出全部身家。早在2006年，搜狐动用30%的现金储蓄，以约2.77亿美元的总价，购置了五道口北京威新国际大厦，后来又自建了搜狐媒体大厦和搜狐畅游大厦，互联网旧贵族没有想到，按照6月22日股价，市值6.75亿美元不敌早年的不动产。\nB站目前整租于上海市杨浦区五角场凯德国正中心，是这里的最大租户。2020年，“上漂”10年的B站，终于拿出81亿元在上海落脚，而截至2020年三季度，B站可用货币资金只有10亿。\n巧合的是，同年11月，美团也斥资65.41亿元拿下隔壁地块，成为其同桌，勤俭持家的美团，一次次在望京搬家、扩张，员工分散在恒基伟业、望京研发园、启明国际大厦、数码港大厦等超30万平方米的写字楼，这也是美团成立10年来第一次购置如此大规模的不动产。\n更广的迁徙与总部的弱化\n除了在大本营不断扩大版图外，互联网公司的触角还伸向了更远更广的地方。\n北方的公司选择南下，百度的华南总部和国际总部，都在深圳落地；一路高歌的字节也花费10亿，“跳动”到深圳和腾讯做上了邻居，员工规模激增的背后除了自身业务增长带来的需求，或许也与字节跳动加大投资收购有关系。CVSource投中数据显示，2014年以来字节跳动累计对117家企业进行投资或并购。小米也以5.31亿元竞得海的一宗商业用地，正式加入到了后海“总部群”。\n而南方生根的公司选择北上，阿里将在北京和杭州设立双总部，还在重庆、郑州、西安等地都设有区域总部；虽然任正非表示，华为的总部永远不会离开深圳，但并不妨碍华为也准备拿下北京新兴的丽泽商业区，成为国内业务的管理总部和中心，\n一方面，互联网科技公司们是为了自己日益壮大的力量寻找归宿，而另一面，也在将拿地作为一门生意。\n京东不仅有过拿地建设总部、物流中心、客服中心的动作，其还盯上了产业新城这块蛋糕。2017年，京东在广东汕头投资建设“塑米京东云粤东运营中心”，同年，京东再与广东东莞市政府签署战略合作协议，并于两年后斥资10.6亿元在东莞凤岗拿地，将建设“凤岗京东智谷”项目。2020年10月，京东又联手平安、中南建设以47.3亿元将苏州相城区高铁新城板块两宗地块收入囊中。\n京东近期最著名的一次收购是花费27亿元拿下北京翠宫饭店，很快，这栋楼又被转给知名对冲基金安祖高顿。\n拿地买楼的也离不开企业所在地方的支持，美团拿下上海地块时，出让条件上指定要求引进互联网在线新经济产业领域的国际性、全国性和大区域性知名企业设立的总部；小米用底价拿地的背后，是准入要求中写明行业为A0610智能手机、移动电视等新一代移动终端设备。\n而称为国货之光的华为，则拥有更强大的GR，当年华为搬去东莞的时候，东莞市为华为终端总部划拨了1900亩土地，用来建设华为员工公寓、华为终端总部等项目，而华为的研究所，遍布深圳、上海、杭州、南京、北京、西安、武汉和苏州等。\n华为已拥有庞大的土地储备，近几年累计获得的土地面积约为1000万平方米，规模相当于一个全国性的中小型开发商。\n曾让互联网引以为傲的大本营所带来的总部经济变了，地方经济渴望由互联网巨头们带来新的飞跃神话，而互联网巨头们则享受一些扶持政策。同时，未雨绸缪，以保证自己未来有足够的空间。\n在互联网行业增长总体减速趋稳的当下，这些写字楼和地块，成为了互联网科技新贵们最值钱的资产之一，似乎印证着那句老话，“主业做得好，不如买楼买得早”。\n听说，最近腾讯在大铲湾买下了一座岛，内网最热的征名是“鹅城”，让人不禁想呼应《让子弹飞》那句“我就是想站着，还把钱挣了”。","news_type":1,"symbols_score_info":{"160636":0.9,"161025":0.9}},"isVote":1,"tweetTyp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Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/122754756","repostId":"1133892127","repostType":4,"repost":{"id":"1133892127","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":1624631213,"share":"https://ttm.financial/m/news/1133892127?lang=en_US&edition=fundamental","pubTime":"2021-06-25 22:26","market":"hk","language":"zh","title":"China Travel Group and China Duty Free Group submitted listing applications to the Hong Kong Stock Exchange.","url":"https://stock-news.laohu8.com/highlight/detail?id=1133892127","media":"老虎资讯综合","summary":"据港交所文件：中旅集团、中国中免向港交所提交上市申请书。\n中国中免正与中金合作，消息人士指公司有望成香港今年最大新股，并料IPO规模有望达93亿美元(约725亿港元)。","content":"<p>According to Hong Kong Stock Exchange documents: China Travel<a href=\"https://laohu8.com/S/601888\">China Duty Free Group</a>Submit a listing application to the Hong Kong Stock Exchange.</p><p>China Duty Free Group (CDFG) is collaborating with CICC, and sources indicate that the company is expected to become Hong Kong's largest IPO this year, with an expected IPO size of US$9.3 billion (approximately HK$72.5 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>China Travel Group and China Duty Free Group submitted listing applications to the Hong Kong Stock Exchange.</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\">\nChina Travel Group and China Duty Free Group submitted listing applications to the Hong Kong Stock Exchange.\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\">2021-06-25 22:26</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to Hong Kong Stock Exchange documents: China Travel<a href=\"https://laohu8.com/S/601888\">China Duty Free Group</a>Submit a listing application to the Hong Kong Stock Exchange.</p><p>China Duty Free Group (CDFG) is collaborating with CICC, and sources indicate that the company is expected to become Hong Kong's largest IPO this year, with an expected IPO size of US$9.3 billion (approximately HK$72.5 billion).</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/186ff42cf72b907a21ea58520e2c0f78","relate_stocks":{"601888":"中国中免","01880":"中国中免"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133892127","content_text":"据港交所文件：中旅集团、中国中免向港交所提交上市申请书。\n中国中免正与中金合作，消息人士指公司有望成香港今年最大新股，并料IPO规模有望达93亿美元(约725亿港元)。","news_type":1,"symbols_score_info":{"601888":0.9,"01880":1}},"isVote":1,"tweetType":1,"viewCount":4376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123883022,"gmtCreate":1624415610366,"gmtModify":1703836000836,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/123883022","repostId":"1168540454","repostType":4,"repost":{"id":"1168540454","kind":"news","weMediaInfo":{"introduction":"提供IPO最新消息，及时更新市场动态，专家团队助力分析可投资项目价值，提供IPO项目咨询服务。","home_visible":1,"media_name":"独角兽早知道","id":"1023683695","head_image":"https://static.tigerbbs.com/1147954ba5ed4a54ba9a061e9dd405e5"},"pubTimestamp":1624414107,"share":"https://ttm.financial/m/news/1168540454?lang=en_US&edition=fundamental","pubTime":"2021-06-23 10:08","market":"us","language":"zh","title":"Spark Thinking submits its IPO application to the US, aiming to become the \"first stock in online quality education\".","url":"https://stock-news.laohu8.com/highlight/detail?id=1168540454","media":"独角兽早知道","summary":"北京时间6月21日，在线素质教育机构火花思维向美国SEC提交IPO申请，寻求在纳斯达克挂牌上市，股票代码为“SPRK”。火花思维此次IPO的承销商为瑞士信贷、花旗集团、中金公司、富途和老虎证券。\n若顺","content":"<p>On June 21, Beijing time, Spark Thinking, an online holistic education institution, filed an IPO application with the U.S. SEC, seeking to list on Nasdaq under the ticker symbol \"SPRK\". The underwriter for Spark Thinking's IPO is<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Citigroup<a href=\"https://laohu8.com/S/601995\">CICC</a>Futu and<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>。</p><p>If successfully approved, Spark Thinking will become the first \"online quality education stock\" in China.</p><p><img src=\"https://static.tigerbbs.com/bf1a3b45fc4dbcc69919d2476d07854e\" tg-width=\"1023\" tg-height=\"725\" referrerpolicy=\"no-referrer\"></p><p>Spark Thinking was founded in December 2017, and its founder, Luo Jian, previously served as the CTO of Ganji.com. The company primarily targets mathematical thinking training for children aged 3-10, focusing on small online classes. According to Tianyancha APP, the main body of Spark Thinking is Beijing Xingengyuan Technology Development Co., Ltd.</p><p>Spark Thinking's products are divided into two main categories: one is Spark Live Classes, which focus on mathematical thinking and Chinese language. Secondly, the newly launched brand \"Little Spark AI Class\" covers mathematics, Chinese, and English for younger students.</p><p>According to Frost & Sullivan, Spark Thinking has become China's largest online small-class education company in terms of total revenue in 2020 and the number of students as of December 31, 2020.</p><p><img src=\"https://static.tigerbbs.com/5b8a58dbaa6ec65f6b184f61ceae0939\" tg-width=\"645\" tg-height=\"912\" referrerpolicy=\"no-referrer\"></p><p>As of March 31, 2021, Spark Thinking had 370,530 students, 77% of whom came from referrals and organic traffic.</p><p>According to the prospectus, Spark Thinking's net revenue was RMB 195 million and RMB 1.174 billion in 2019 and 2020, respectively. Net revenue for the first quarter of 2021 was RMB 453.7 million, a year-on-year increase of 203.3%.</p><p><img src=\"https://static.tigerbbs.com/26f8b6aa6f75b07e9467b5761fab85ef\" tg-width=\"1080\" tg-height=\"429\" referrerpolicy=\"no-referrer\"></p><p>Small online classes generate the vast majority of the company's revenue. In 2019, 2020, and the first quarter of 2020 and the first quarter of 2021, online small class courses accounted for 99.2%, 95.6%, 97.6%, and 92.3% of total net revenue, respectively.</p><p>Spark Thinking suffered net losses of 771 million yuan and 952 million yuan in 2019 and 2020, respectively. The company reported a net loss of 374 million yuan in the first quarter of 2021, an increase of 78.95% year-on-year. The loss was mainly attributable to the increase in selling and marketing expenses.</p><p>According to the prospectus, in 2019, Spark Thinking's sales and marketing expenses, R&D expenses and general administrative expenses were RMB 236 million, RMB 240 million and RMB 128 million, respectively. In 2020, these three expenditures were 798 million yuan, 327 million yuan, and 178 million yuan, respectively.</p><p>In the first quarter of 2021, Spark Thinking's sales and marketing expenses were RMB 343 million, an increase of 203.5% year-on-year. In its prospectus, Spark Thinking stated that this was \"primarily due to our increased marketing and branding activities\" and \"the increase in sales and marketing personnel.\"</p><p>R&D expenses in the first quarter of 2021 were RMB 144 million, an increase of 107.7% year-on-year. General administrative expenditures amounted to 72 million yuan, a year-on-year increase of 110.72%.</p><p>As of March 31, Spark Thinking's deferred revenue for the first quarter of 2021 was RMB 1.423 billion, and it held approximately RMB 3 billion in cash and cash-like assets. As of December 31, 2020, deferred revenue was RMB 1.217 billion.</p><p>According to the prospectus, before the IPO, Luo Jian, founder and CEO of Spark Thinking, held 13.6% of the shares, and Shan Zebing, CTO of Spark Thinking, held 1.4%. In addition, Luo Jian's affiliated company, Venus Mission Limited, holds 13.6% of the shares. The directors and senior executives of Spark Thinking hold a total of 16.3% of the shares.</p><p>The largest investor, Sequoia Capital China, holds 10.5%, followed by GGV Capital (8.9%), IDG Capital (8.7%), and ZETA ASIA HOLDINGS PTE. LTD.8.5%, TBP Sparkling Holdings Limited7.5%, Shanxing Capital 6.3%, Lightspeed China 5.7%.</p><p>Approximately 40% of the funds raised will be used to improve teaching methods, courseware, and educational content, and to further expand the course scope; Approximately 30% is used to improve technological infrastructure; Approximately 15% is used to expand marketing and brand promotion; The remainder is used to fund company operations and other purposes.</p><p>In recent years, the online mathematical thinking track, where Spark Thinking is located, has developed rapidly. According to data from iiMedia Research, the size of China's online mathematical thinking market will reach 8.23 billion yuan in 2020 and exceed 10 billion yuan in 2021.</p><p>As the best class type to balance users' personalized learning needs with corporate economic models, small class sizes are also attracting much attention.</p><p>In its \"2020 Online Education Industry Small Class Development Research and Outlook Report\" released in February this year, the Chinese Academy of Sciences predicted that the small class model will maintain rapid growth over the next four years. In 2022, the small class market size will surpass the 1V1 model, and in 2025, the small class market size will surpass the AI class model, becoming the mainstream education model second only to large classes.</p><p>According to CIC data, in 2020, approximately 15 online small-class K-12 after-school tutoring companies generated a total revenue exceeding 500 million yuan. The online after-school tutoring market for small K12 classes in China reached 11.9 billion yuan in 2020 and is expected to reach 101.2 billion yuan by 2025. The compound annual growth rate from 2020 to 2025 is 53.3%.</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>Spark Thinking submits its IPO application to the US, aiming to become the \"first stock in online quality education\".</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\">\nSpark Thinking submits its IPO application to the US, aiming to become the \"first stock in online quality education\".\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1023683695\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/1147954ba5ed4a54ba9a061e9dd405e5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">独角兽早知道 </p>\n<p class=\"h-time smaller\">2021-06-23 10:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 21, Beijing time, Spark Thinking, an online holistic education institution, filed an IPO application with the U.S. SEC, seeking to list on Nasdaq under the ticker symbol \"SPRK\". The underwriter for Spark Thinking's IPO is<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Citigroup<a href=\"https://laohu8.com/S/601995\">CICC</a>Futu and<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>。</p><p>If successfully approved, Spark Thinking will become the first \"online quality education stock\" in China.</p><p><img src=\"https://static.tigerbbs.com/bf1a3b45fc4dbcc69919d2476d07854e\" tg-width=\"1023\" tg-height=\"725\" referrerpolicy=\"no-referrer\"></p><p>Spark Thinking was founded in December 2017, and its founder, Luo Jian, previously served as the CTO of Ganji.com. The company primarily targets mathematical thinking training for children aged 3-10, focusing on small online classes. According to Tianyancha APP, the main body of Spark Thinking is Beijing Xingengyuan Technology Development Co., Ltd.</p><p>Spark Thinking's products are divided into two main categories: one is Spark Live Classes, which focus on mathematical thinking and Chinese language. Secondly, the newly launched brand \"Little Spark AI Class\" covers mathematics, Chinese, and English for younger students.</p><p>According to Frost & Sullivan, Spark Thinking has become China's largest online small-class education company in terms of total revenue in 2020 and the number of students as of December 31, 2020.</p><p><img src=\"https://static.tigerbbs.com/5b8a58dbaa6ec65f6b184f61ceae0939\" tg-width=\"645\" tg-height=\"912\" referrerpolicy=\"no-referrer\"></p><p>As of March 31, 2021, Spark Thinking had 370,530 students, 77% of whom came from referrals and organic traffic.</p><p>According to the prospectus, Spark Thinking's net revenue was RMB 195 million and RMB 1.174 billion in 2019 and 2020, respectively. Net revenue for the first quarter of 2021 was RMB 453.7 million, a year-on-year increase of 203.3%.</p><p><img src=\"https://static.tigerbbs.com/26f8b6aa6f75b07e9467b5761fab85ef\" tg-width=\"1080\" tg-height=\"429\" referrerpolicy=\"no-referrer\"></p><p>Small online classes generate the vast majority of the company's revenue. In 2019, 2020, and the first quarter of 2020 and the first quarter of 2021, online small class courses accounted for 99.2%, 95.6%, 97.6%, and 92.3% of total net revenue, respectively.</p><p>Spark Thinking suffered net losses of 771 million yuan and 952 million yuan in 2019 and 2020, respectively. The company reported a net loss of 374 million yuan in the first quarter of 2021, an increase of 78.95% year-on-year. The loss was mainly attributable to the increase in selling and marketing expenses.</p><p>According to the prospectus, in 2019, Spark Thinking's sales and marketing expenses, R&D expenses and general administrative expenses were RMB 236 million, RMB 240 million and RMB 128 million, respectively. In 2020, these three expenditures were 798 million yuan, 327 million yuan, and 178 million yuan, respectively.</p><p>In the first quarter of 2021, Spark Thinking's sales and marketing expenses were RMB 343 million, an increase of 203.5% year-on-year. In its prospectus, Spark Thinking stated that this was \"primarily due to our increased marketing and branding activities\" and \"the increase in sales and marketing personnel.\"</p><p>R&D expenses in the first quarter of 2021 were RMB 144 million, an increase of 107.7% year-on-year. General administrative expenditures amounted to 72 million yuan, a year-on-year increase of 110.72%.</p><p>As of March 31, Spark Thinking's deferred revenue for the first quarter of 2021 was RMB 1.423 billion, and it held approximately RMB 3 billion in cash and cash-like assets. As of December 31, 2020, deferred revenue was RMB 1.217 billion.</p><p>According to the prospectus, before the IPO, Luo Jian, founder and CEO of Spark Thinking, held 13.6% of the shares, and Shan Zebing, CTO of Spark Thinking, held 1.4%. In addition, Luo Jian's affiliated company, Venus Mission Limited, holds 13.6% of the shares. The directors and senior executives of Spark Thinking hold a total of 16.3% of the shares.</p><p>The largest investor, Sequoia Capital China, holds 10.5%, followed by GGV Capital (8.9%), IDG Capital (8.7%), and ZETA ASIA HOLDINGS PTE. LTD.8.5%, TBP Sparkling Holdings Limited7.5%, Shanxing Capital 6.3%, Lightspeed China 5.7%.</p><p>Approximately 40% of the funds raised will be used to improve teaching methods, courseware, and educational content, and to further expand the course scope; Approximately 30% is used to improve technological infrastructure; Approximately 15% is used to expand marketing and brand promotion; The remainder is used to fund company operations and other purposes.</p><p>In recent years, the online mathematical thinking track, where Spark Thinking is located, has developed rapidly. According to data from iiMedia Research, the size of China's online mathematical thinking market will reach 8.23 billion yuan in 2020 and exceed 10 billion yuan in 2021.</p><p>As the best class type to balance users' personalized learning needs with corporate economic models, small class sizes are also attracting much attention.</p><p>In its \"2020 Online Education Industry Small Class Development Research and Outlook Report\" released in February this year, the Chinese Academy of Sciences predicted that the small class model will maintain rapid growth over the next four years. In 2022, the small class market size will surpass the 1V1 model, and in 2025, the small class market size will surpass the AI class model, becoming the mainstream education model second only to large classes.</p><p>According to CIC data, in 2020, approximately 15 online small-class K-12 after-school tutoring companies generated a total revenue exceeding 500 million yuan. The online after-school tutoring market for small K12 classes in China reached 11.9 billion yuan in 2020 and is expected to reach 101.2 billion yuan by 2025. The compound annual growth rate from 2020 to 2025 is 53.3%.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/65d31e4c3baa6ee7379282a92bdba277","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168540454","content_text":"北京时间6月21日，在线素质教育机构火花思维向美国SEC提交IPO申请，寻求在纳斯达克挂牌上市，股票代码为“SPRK”。火花思维此次IPO的承销商为瑞士信贷、花旗集团、中金公司、富途和老虎证券。\n若顺利通过，火花思维将成为国内“在线素质教育第一股”。\n\n火花思维成立于2017年12月，创始人罗剑曾任赶集网CTO。该公司主要瞄准3-10岁孩子的数学思维训练，主打在线小班课。天眼查APP显示，火花思维公司主体为北京心更远科技发展有限公司。\n火花思维旗下产品分为两大类，一是以数理思维和语文为主的火花直播课；二是新推出的品牌“小火花AI课”，学科覆盖低龄段的数学、语文以及英语。\n据灼识咨询统计，就2020年的总收入以及截至2020年12月31日的学生人数而言，火花思维已成为中国最大的在线小班教育公司。\n\n截至2021年3月31日，火花思维共有370530名学员，77%的学员来自转介绍及自然流量。\n招股书显示，火花思维2019年、2020年净收入分别为1.95亿元、11.74亿元；2021年一季度净收入为4.537亿元，同比增长203.3%。\n\n在线小班课程为该公司带来绝大部分的收入。2019年、2020年以及2020年一季度、2021年一季度，在线小班课程占总净收入比例分别为99.2%、95.6%、97.6% 和92.3%。\n火花思维在2019年、2020年的净亏损分别为7.71亿元、9.52亿元。2021年一季度净亏损为3.74亿元，亏损同比扩大78.95%。亏损主要来自于销售及市场营销费用支出的增长。\n招股书显示，2019年火花思维的销售及市场营销费用、研发费用和一般行政管理支出费用分别是2.36亿元、2.4亿元及1.28亿元；2020年，这三项支出分别是7.98亿元、3.27亿元和1.78亿元。\n2021年一季度，火花思维的销售及市场营销费用支出为3.43亿元，同比增长203.5%。火花思维在招股书中称，“主要是由于我们增加了营销和品牌活动”以及“增加销售和营销人员”。\n2021年一季度的研发费用为1.44亿元，同比增长107.7%。一般行政管理支出为0.72亿元，同比增长110.72%。\n截至3月31日，火花思维2021年一季度的递延收入为14.23亿元，持有的现金及类现金资产约30亿元。截至12月31日，2020年的递延收入为12.17亿元。\n招股书显示，IPO前，火花思维创始人兼CEO罗剑占股13.6%，火花思维CTO单泽兵持股1.4%。此外，罗剑的关联公司Venus Mission Limited 持股为13.6%。火花思维董事及高管持股比例共16.3%。\n持股比例最高的投资方红杉资本中国持股10.5%、其他资方依次为GGV纪源资本8.9%、IDG资本8.7%、ZETA ASIA HOLDINGS PTE. LTD.8.5%、TBP Sparkling Holdings Limited7.5%、山行资本6.3%、光速中国5.7%。\n此次募集资金用途，约40%用于改进教学法、课件和教育内容，并进一步扩大课程范围；约30%用于改善技术基础设施；约15%用于扩大营销和品牌推广；剩余则为公司营运和其他用途提供资金。\n近年来，火花思维所在的在线数理思维赛道获得较快发展。据艾媒咨询数据显示，2020年中国在线数理思维市场规模将达到82.3亿元，2021年将突破100亿元。\n作为平衡用户的个性化学习需求和企业经济模型的最佳班型，小班课也在备受关注。\n中科院在今年二月发布的《2020年在线教育行业小班课发展研究及前瞻报告》中预测，小班课模式未来四年将保持较高速增长，2022年小班课市场规模将超过1V1模式，2025年小班课市场规模超过AI课模式，成为仅次于大班课的主流教育模式。\n据CIC数据，2020 年约有15家在线小班K12课后辅导的总收入超过5亿元。2020年中国在线小班K12课后辅导市场已达到119亿元，预计到2025年将达到1012亿元。2020年至2025年的复合年增长率为53.3%。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":5105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123889388,"gmtCreate":1624415589344,"gmtModify":1703836000019,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/123889388","repostId":"1178642444","repostType":4,"repost":{"id":"1178642444","kind":"news","pubTimestamp":1624414683,"share":"https://ttm.financial/m/news/1178642444?lang=en_US&edition=fundamental","pubTime":"2021-06-23 10:18","market":"sh","language":"zh","title":"The \"market method\" and \"central bank method\" for judging short-term interest rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1178642444","media":"光大证券","summary":"1、研判短期利率的“市场方法”和“央行方法”\n别人家的央行通常只是与市场沟通观点，我们的央行还会手把手地教市场如何做研究。比如说，看到市场常纠结于OMO是净投放还是净回笼，并以此揣测货币政策的取向，央","content":"<p><b>1. The \"market method\" and the \"central bank method\" for assessing short-term interest rates</b></p><p><b>Other countries' central banks usually only communicate their views with the market, while our central bank will also teach the market how to conduct research step by step.</b>For example, seeing that the market often struggles with whether OMO is a net injection or a net withdrawal, and uses this to speculate on the direction of monetary policy, the central bank told everyone in its \"Monetary Policy Implementation Report\" that \"we only need to look at whether the policy interest rate has changed, and there is no need to pay excessive attention to the number of open market operations.\" For example, seeing that some market participants had unnecessary concerns about liquidity, the Financial Times, which is supervised by the central bank, quickly published an article stating that \"it is not advisable to predict the 'tightening' and 'fluctuation' of liquidity and the central bank's policy orientation based on unfounded speculation.\"</p><p><b>Perhaps the research methods taught by the central bank are different from those commonly used in the market, and some investors may not be able to accept them at the moment.</b>At this point, we must not have preconceived notions, but rather emancipate our minds, compare and analyze realistically, and then choose the best of different methods and follow them.</p><p>We believe that the difference between the \"market method\" and the \"central bank method\" for judging short-term interest rates is mainly reflected in the fact that the former relies on quantitative indicators such as OMO operation volume, net injection, liquidity gap, and excess reserve ratio. The central bank suggests paying more attention to key interest rate indicators such as the OMO rate. (Note: The excess reserve ratio is the ratio of two quantitative indicators, not an interest rate, so we still classify it as a quantitative indicator.)<b>In practice, we have found that the \"market approach\" has many problems, and listening to the central bank is always the right thing to do.</b></p><p><b>2. The \"market approach\" has many problems.</b></p><p><b>The \"market method\" has many problems, which makes the conclusions drawn by this method very inaccurate or even contrary to the facts.</b>One important problem is that there are many factors that affect the amount of liquidity and it is difficult to predict. Another problem is that the method logically omits the decisive variable of central bank monetary policy.</p><p><b>Many factors affect the amount of liquidity and are difficult to predict, which is one reason why \"market approaches\" often fail.</b>For example, some investors predicted that the net supply of real estate bonds would reach 1 trillion yuan in May, but looking back now, it was less than 590 billion yuan, a significant difference. Our forecast is 550 billion yuan, which is quite close to the actual situation. However, to be honest, there is a lot of luck involved. When making the forecast, we also frankly wrote that \"the scale of local government bond issuance is not easy to predict, and it is difficult for us to guarantee that our forecast is accurate.\"</p><p><b>Moreover, the logic of the \"market approach\" is that the larger the liquidity gap, the tighter funds will become. This approach seems reasonable, but it often deviates in practice because it omits the decisive variable of central bank monetary policy.</b>(Note: This method also does not take into account the impact of factors such as the distribution structure of liquidity among different institutions.) For example, when faced with a large liquidity gap, the central bank can comprehensively use various monetary policy tools such as reserves, medium-term lending facilities, open market operations, relending, and rediscounting to meet the reasonable liquidity needs of financial institutions for different maturities and maintain a reasonably ample liquidity in the banking system. In other words, even if there is a large liquidity gap, funds will not necessarily become tight.</p><p><b>In addition, there are many other problems with the \"market approach\".</b>For example, the duality between the amount of liquidity and the interest rate of funds is unstable, making it difficult to predict interest rates using quantitative indicators; Relying too much on quantitative indicators such as the volume of OMO operations to judge monetary policy \"can lead to the error of generalizing from partial perspectives, and often even yield results that are contrary to the facts.\"</p><p><b>3. It's always right to listen to the central bank.</b></p><p><b>In recent years, more and more market players have realized the problems existing in traditional analytical methods, and have therefore fallen into deep confusion. Fortunately, the central bank has taught everyone a more advanced method.</b>At this point, if we approach learning with the attitude of seeking something when we open the book, we will inevitably gain something when we close the book. Some investors may have subtle concerns about whether the central bank can achieve \"consistency between words and deeds\". We think that's overthinking it. On the one hand, the central bank has no need to mislead market expectations or artificially create fluctuations; On the other hand, these official communications need to stand the test of time, so there is no room for falsehood.</p><p><b>Historical experience has repeatedly told us that listening to the central bank is always the right thing to do.</b>For example, since the beginning of the year, the central bank has emphasized the policy orientation of \"stability first\", which is clearly not empty talk. The volatility of DR007 has decreased significantly compared with the same period in previous years. For example, on April 3, 2020, the People's Bank of China lowered the excess reserve rate. Some investors believed that the policy was intended to guide overnight and other maturities to decline, and were quite surprised by the subsequent rise in funding rates. In fact, in its communication article that day, \"A relevant official from the People's Bank of China stated that targeted reserve requirement ratio cuts for small and medium-sized banks will support the development of the real economy,\" the central bank clearly stated that \"the central bank's reduction of the excess reserve ratio from 0.72% to 0.35% can promote banks to improve the efficiency of capital utilization and better serve the real economy, especially small and medium-sized enterprises.\" In other words, the real purpose of the policy is to reduce the returns on holding excess reserves and guide funds to the real economy. It is evident that the central bank is not \"inconsistent in its words and actions,\" but rather has made clear explanations about its policies long ago.</p><p>The People's Bank of China has specifically elaborated on how to accurately judge the trend of short-term interest rates in its \"Monetary Policy Implementation Report\" in the fourth quarter of last year and the first quarter of this year. Director Sun Guofeng also specifically emphasized this at the press conference on financial statistics data in the first quarter of this year.<b>We summarize it as \"focusing on observing the operating interest rates of OMO+MLF and representative market interest rates such as DR007, without paying too much attention to the number of open market operations and the liquidity of the banking system\".</b>The OMO + MLF rate is the central bank's policy rate, which the central bank uses to convey interest rate control signals. It is the most crucial indicator for us to assess interest rate trends. The DR007 interest rate is a key reference indicator for monetary policy regulation, and therefore can relatively accurately reflect the policy orientation.</p><p><b>Furthermore, when observing the DR007 interest rate, we need to remove intraday and short-term fluctuations from the data:</b>First, the interest rate at the highest and lowest prices of DR007 is easily affected by occasional factors during the day, which contains a lot of noise. Therefore, it is recommended to ignore it and only analyze the weighted average of the DR007 interest rate. Second, the daily value of the DR007 interest rate is easily affected by short-term factors, so it is recommended to use HP filtering or moving averages to remove short-term fluctuations.</p><p><b>4. Conclusion</b></p><p><b>When forecasting short-term interest rates, the market's traditional quantitative approach has many problems. The central bank taught us a more advanced approach: observing the operating interest rate of OMO + MLF and representative market interest rates such as DR007.</b>In fact, there have been many seemingly plausible views in the market for a long time, such as the belief that banks are using deposits to issue loans, the belief that changes in the base money will be proportionally transmitted to M2, and the belief that the government is the main body of money creation. The central bank has provided in-depth analysis of the above content, and we market participants should further understand it.</p><p><b>5. Risk warning</b></p><p>Irrational expectations trigger rapid market volatility.</p>","source":"gdzqyj","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>The \"market method\" and \"central bank method\" for judging short-term interest rates</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\">\nThe \"market method\" and \"central bank method\" for judging short-term interest rates\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">光大证券</strong><span class=\"h-time small\">2021-06-23 10:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>1. The \"market method\" and the \"central bank method\" for assessing short-term interest rates</b></p><p><b>Other countries' central banks usually only communicate their views with the market, while our central bank will also teach the market how to conduct research step by step.</b>For example, seeing that the market often struggles with whether OMO is a net injection or a net withdrawal, and uses this to speculate on the direction of monetary policy, the central bank told everyone in its \"Monetary Policy Implementation Report\" that \"we only need to look at whether the policy interest rate has changed, and there is no need to pay excessive attention to the number of open market operations.\" For example, seeing that some market participants had unnecessary concerns about liquidity, the Financial Times, which is supervised by the central bank, quickly published an article stating that \"it is not advisable to predict the 'tightening' and 'fluctuation' of liquidity and the central bank's policy orientation based on unfounded speculation.\"</p><p><b>Perhaps the research methods taught by the central bank are different from those commonly used in the market, and some investors may not be able to accept them at the moment.</b>At this point, we must not have preconceived notions, but rather emancipate our minds, compare and analyze realistically, and then choose the best of different methods and follow them.</p><p>We believe that the difference between the \"market method\" and the \"central bank method\" for judging short-term interest rates is mainly reflected in the fact that the former relies on quantitative indicators such as OMO operation volume, net injection, liquidity gap, and excess reserve ratio. The central bank suggests paying more attention to key interest rate indicators such as the OMO rate. (Note: The excess reserve ratio is the ratio of two quantitative indicators, not an interest rate, so we still classify it as a quantitative indicator.)<b>In practice, we have found that the \"market approach\" has many problems, and listening to the central bank is always the right thing to do.</b></p><p><b>2. The \"market approach\" has many problems.</b></p><p><b>The \"market method\" has many problems, which makes the conclusions drawn by this method very inaccurate or even contrary to the facts.</b>One important problem is that there are many factors that affect the amount of liquidity and it is difficult to predict. Another problem is that the method logically omits the decisive variable of central bank monetary policy.</p><p><b>Many factors affect the amount of liquidity and are difficult to predict, which is one reason why \"market approaches\" often fail.</b>For example, some investors predicted that the net supply of real estate bonds would reach 1 trillion yuan in May, but looking back now, it was less than 590 billion yuan, a significant difference. Our forecast is 550 billion yuan, which is quite close to the actual situation. However, to be honest, there is a lot of luck involved. When making the forecast, we also frankly wrote that \"the scale of local government bond issuance is not easy to predict, and it is difficult for us to guarantee that our forecast is accurate.\"</p><p><b>Moreover, the logic of the \"market approach\" is that the larger the liquidity gap, the tighter funds will become. This approach seems reasonable, but it often deviates in practice because it omits the decisive variable of central bank monetary policy.</b>(Note: This method also does not take into account the impact of factors such as the distribution structure of liquidity among different institutions.) For example, when faced with a large liquidity gap, the central bank can comprehensively use various monetary policy tools such as reserves, medium-term lending facilities, open market operations, relending, and rediscounting to meet the reasonable liquidity needs of financial institutions for different maturities and maintain a reasonably ample liquidity in the banking system. In other words, even if there is a large liquidity gap, funds will not necessarily become tight.</p><p><b>In addition, there are many other problems with the \"market approach\".</b>For example, the duality between the amount of liquidity and the interest rate of funds is unstable, making it difficult to predict interest rates using quantitative indicators; Relying too much on quantitative indicators such as the volume of OMO operations to judge monetary policy \"can lead to the error of generalizing from partial perspectives, and often even yield results that are contrary to the facts.\"</p><p><b>3. It's always right to listen to the central bank.</b></p><p><b>In recent years, more and more market players have realized the problems existing in traditional analytical methods, and have therefore fallen into deep confusion. Fortunately, the central bank has taught everyone a more advanced method.</b>At this point, if we approach learning with the attitude of seeking something when we open the book, we will inevitably gain something when we close the book. Some investors may have subtle concerns about whether the central bank can achieve \"consistency between words and deeds\". We think that's overthinking it. On the one hand, the central bank has no need to mislead market expectations or artificially create fluctuations; On the other hand, these official communications need to stand the test of time, so there is no room for falsehood.</p><p><b>Historical experience has repeatedly told us that listening to the central bank is always the right thing to do.</b>For example, since the beginning of the year, the central bank has emphasized the policy orientation of \"stability first\", which is clearly not empty talk. The volatility of DR007 has decreased significantly compared with the same period in previous years. For example, on April 3, 2020, the People's Bank of China lowered the excess reserve rate. Some investors believed that the policy was intended to guide overnight and other maturities to decline, and were quite surprised by the subsequent rise in funding rates. In fact, in its communication article that day, \"A relevant official from the People's Bank of China stated that targeted reserve requirement ratio cuts for small and medium-sized banks will support the development of the real economy,\" the central bank clearly stated that \"the central bank's reduction of the excess reserve ratio from 0.72% to 0.35% can promote banks to improve the efficiency of capital utilization and better serve the real economy, especially small and medium-sized enterprises.\" In other words, the real purpose of the policy is to reduce the returns on holding excess reserves and guide funds to the real economy. It is evident that the central bank is not \"inconsistent in its words and actions,\" but rather has made clear explanations about its policies long ago.</p><p>The People's Bank of China has specifically elaborated on how to accurately judge the trend of short-term interest rates in its \"Monetary Policy Implementation Report\" in the fourth quarter of last year and the first quarter of this year. Director Sun Guofeng also specifically emphasized this at the press conference on financial statistics data in the first quarter of this year.<b>We summarize it as \"focusing on observing the operating interest rates of OMO+MLF and representative market interest rates such as DR007, without paying too much attention to the number of open market operations and the liquidity of the banking system\".</b>The OMO + MLF rate is the central bank's policy rate, which the central bank uses to convey interest rate control signals. It is the most crucial indicator for us to assess interest rate trends. The DR007 interest rate is a key reference indicator for monetary policy regulation, and therefore can relatively accurately reflect the policy orientation.</p><p><b>Furthermore, when observing the DR007 interest rate, we need to remove intraday and short-term fluctuations from the data:</b>First, the interest rate at the highest and lowest prices of DR007 is easily affected by occasional factors during the day, which contains a lot of noise. Therefore, it is recommended to ignore it and only analyze the weighted average of the DR007 interest rate. Second, the daily value of the DR007 interest rate is easily affected by short-term factors, so it is recommended to use HP filtering or moving averages to remove short-term fluctuations.</p><p><b>4. Conclusion</b></p><p><b>When forecasting short-term interest rates, the market's traditional quantitative approach has many problems. The central bank taught us a more advanced approach: observing the operating interest rate of OMO + MLF and representative market interest rates such as DR007.</b>In fact, there have been many seemingly plausible views in the market for a long time, such as the belief that banks are using deposits to issue loans, the belief that changes in the base money will be proportionally transmitted to M2, and the belief that the government is the main body of money creation. The central bank has provided in-depth analysis of the above content, and we market participants should further understand it.</p><p><b>5. Risk warning</b></p><p>Irrational expectations trigger rapid market volatility.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3633616\">光大证券</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a8fca69a364eb1ccaf6e9078f1721480","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://wallstreetcn.com/articles/3633616","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178642444","content_text":"1、研判短期利率的“市场方法”和“央行方法”\n别人家的央行通常只是与市场沟通观点，我们的央行还会手把手地教市场如何做研究。比如说，看到市场常纠结于OMO是净投放还是净回笼，并以此揣测货币政策的取向，央行便在《货币政策执行报告》中告诉大家“只需看政策利率是否发生变化即可，无需过度关注公开市场操作数量”。再比如，看到部分市场主体对流动性产生不必要的担忧，央行主管的《金融时报》赶紧发表了篇文章，表示“不宜以没有根据的猜测去预测流动性‘收紧’和‘波动’以及央行政策取向”。\n也许，央行传授的这些研究方法与市场中惯用的有所区别，部分投资者一时不大能接受。此时千万不要先入为主，而是要解放思想，实事求是地对比分析，然后在不同的方法中择其善者而从之。\n我们认为，研判短期利率的“市场方法”和“央行方法”之间的差异主要体现于：前者依赖于OMO操作量、净投放量、流动性缺口、超储率等数量型的指标；央行则建议多关注OMO利率等关键的利率指标。（注：超储率为两个数量型指标之比，并不是一个利率，因此我们还是将其归为数量型指标。）在实践中我们发现，“市场方法”存在不少问题，听央行的话总是没错的。\n2、“市场方法”存在不少问题\n“市场方法”存在不少问题，这使得该方法得出的结论很不准确甚至与事实相反。其中一个重要的问题是影响流动性数量的因素很多且难以预测，另一个问题是该方法在逻辑上遗漏了央行货币政策这一决定性变量。\n影响流动性数量的因素很多且难以预测，这是导致“市场方法”常失效的一个原因。比如说，部分投资者预计5月地债净供给量会达到1万亿元，而现在回过头来看只有不到5900亿元，差距不小。我们的预测结果是5500亿元，与实际情况较为接近，但实话实说这里面有不少运气的成分，在预测时我们也坦诚地写道“地债发行规模不易预测，我们也很难保证自己的预测值是精确的。”\n而且，“市场方法”的逻辑是流动性缺口越大，资金就越会趋于紧张。该方法看似有道理，但在实践中经常出现偏差，这是因为其遗漏了央行货币政策这一决定性变量。（注：该方法也没有考虑到流动性在不同机构间的分布结构等因素所造成的影响。）例如，在面对较大的流动性缺口时，央行完全可以通过综合运用准备金、中期借贷便利、公开市场操作、再贷款、再贴现等多种货币政策工具，满足金融机构合理的不同期限的流动性需求，维护银行体系流动性的合理充裕。也就是说，即使有较大的流动性缺口，资金也不一定会趋于紧张。\n除此以外，“市场方法”还有不少其他的问题。比如说，流动性数量与资金利率之间的对偶关系并不稳定，难以用数量型指标预测利率；过多地依赖OMO操作量等数量上的指标来判断货币政策“会导致以偏概全的错误，甚至时常得到与事实相反的结果。”\n3、听央行的话总是没错的\n近几年以来，越来越多的市场主体意识到了传统分析方法中存在的问题，也因此深陷迷茫之中。万幸的是，央行教给了大家一个更为先进的方法。此时，我们以开卷有所求的态度去学习，必然可以掩卷有所获。部分投资者可能隐隐地担心央行能不能做到“言行合一”？我们觉得这是多虑的。一方面，央行没有必要误导市场预期，人为制造波动；另一方面，这些官方沟通都需要经受时间的检验，因此来不得半点虚假。\n历史经验反复告诉我们，听央行的话总是没错的。比如说，年初以来央行便强调“稳字当头”的政策取向，这显然不是句空话，DR007的波动率较往年同期明显下降。再比如说，2020年4月3日央行降低了超额准备金利率，部分投资者认为该政策是要引导隔夜等期限的资金利率下行，并对随后的资金利率上行颇感意外。事实上，央行在当日的沟通文章《中国人民银行有关负责人表示：对中小银行定向降准支持实体经济发展》中已经明确的表示“此次央行将超额准备金利率由0.72%下调至0.35%，可推动银行提高资金使用效率，促进银行更好地服务实体经济特别是中小微企业。”也就是说，政策真正的目的是降低持有超储的收益，将资金引导至实体经济。可见，央行并非“言行不一”，相反是对政策早有过明确的交代。\n对于如何准确地判断短期利率走势，央行在去年四季度以及今年一季度的《货币政策执行报告》中都有过专门的阐述，孙国峰司长在今年一季度金融统计数据新闻发布会上还特意强调过。我们将其总结为“重点观察OMO+MLF的操作利率以及DR007等具有代表性的市场利率，不过度关注公开市场操作数量和银行体系流动性”。其中的OMO+MLF利率是央行政策利率，央行通过其传达利率调控信号，是我们研判利率走势时最为关键的指标；DR007利率是货币政策调控的关键性参考指标，因此可以比较准确地体现出政策的取向。\n此外，在观测DR007利率时，我们需要剔除数据中日间的、短期的波动：第一，DR007的最高价、最低价等时点利率容易受到日间偶发因素的影响，所含的噪音颇多，因此建议不予关注，可以只对DR007利率的加权平均值进行研判。第二，DR007利率的单日数值容易受到短期因素的影响，因此建议用H-P滤波或是移动平均的方法将短期波动移除。\n4、结语\n在对短期利率进行预测时，市场传统的偏数量型的方法存在不少问题。央行教给了我们一个更先进的方法：观察OMO+MLF的操作利率以及DR007等具有代表性的市场利率。事实上，长时间以来在市场中还有不少似是而非的观点，比如说认为银行是在用存款资金发放贷款，认为基础货币的变化会等比例地传导至M2，认为政府是货币创造的主体。对以上内容，央行都有过深入腠理的分析，我们市场参与者还应再深入体悟。\n5、风险提示\n不理性的预期引发市场快速波动。","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":4952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123880828,"gmtCreate":1624415565764,"gmtModify":1703835998708,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/123880828","repostId":"2145069068","repostType":4,"isVote":1,"tweetType":1,"viewCount":1913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123817271,"gmtCreate":1624415546793,"gmtModify":1703835997388,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/123817271","repostId":"2145506190","repostType":4,"repost":{"id":"2145506190","kind":"highlight","pubTimestamp":1624414862,"share":"https://ttm.financial/m/news/2145506190?lang=en_US&edition=fundamental","pubTime":"2021-06-23 10:21","market":"us","language":"zh","title":"The delivery time was a whopping 18 weeks! The chip shortage has intensified.","url":"https://stock-news.laohu8.com/highlight/detail?id=2145506190","media":"华尔街见闻","summary":"近半年多，全球芯片短缺愈发严重，使得交货时间徒增。\nSusquehanna Financial Group最新研究报告显示，5月芯片整体交货期延长至18周，较前月进一步增加7天，续创近四年新高。这一交","content":"<p>In the past six months, the global chip shortage has become increasingly severe, leading to a significant increase in delivery times.</p><p>The latest research report from Susquehanna Financial Group shows that,<b>In May, the overall chip delivery period extended to 18 weeks, a further increase of 7 days from the previous month, continuing to hit a new high in nearly four years.</b>This delivery time is more than four weeks longer than the previous peak in 2018.</p><p>Among them, it is widely used in many fields, from industrial machinery to smartphones.<b>The delivery time for power management chips extended by nearly two weeks to 25.6 weeks compared to the previous month, making a \"major contribution\" to the increased average delivery time.</b>Even so, shortages remain widespread in other areas.</p><p>Susquehanna analyst Chris Rolland said in a research report:</p><p>The data highlights the widespread chip shortage, as most key product categories (power management, discrete devices, analog devices, passive devices) have experienced extended delivery times. Yesterday's Wall Street News article stated that the global chip shortage that began at the end of last year was caused by several main reasons:</p><p>Factors such as the COVID-19 pandemic and chip factory fires have led to the shutdown of supply chain factories; During the pandemic, people's work and life from home stimulated sales growth of electronic products such as PCs and game consoles; Demand for new chips is growing due to increased shipments of 5G products and electric vehicles. Due to the imbalance between supply and demand, chip prices have continued to rise, and the increase in raw material costs caused by soaring inflation has also pushed up chip prices. The Wall Street Journal, citing chip industry insiders, reported that the costs of several raw materials required for chip manufacturing, including semiconductor silicon wafers, resins, and metals, have risen.</p><p>According to Bloomberg, the automotive industry is currently the hardest hit by the chip shortage, with estimated losses exceeding $100 billion. Other sectors are also feeling the pressure, including<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Many electronics manufacturers, including large companies, cannot meet all the demand for their products.</p><p>Industry insiders say the chip shortage and high prices will continue.</p><p><h2>Is supply falling short of demand or oversupply?</h2><b>However, compared to April, Susquehanna's May report began to show some signs of improved supply.</b></p><p><b>The report shows that chip supply is catching up with demand in a small number of sectors, such as the reduction in microcontroller delivery times by more than a week.</b>Microcontrollers, also known as microcontrollers, are widely used in many fields such as mobile phones, PC peripherals, automotive electronics, washing machines, and robotic arms.</p><p>In addition, although the delivery time for analog chips continues to extend, the speed has slowed down significantly.</p><p>Rolland cautioned that investors are watching delivery times for clues about demand trends, but this could also indicate that chip demanders may be overordering due to panic.<b>He worries that the demand for terminal devices is insufficient to support the current order level, which will mean that the entire chip industry is gradually moving towards oversupply.</b></p><p>Bloomberg quoted<a href=\"https://laohu8.com/S/BRCM\">Broadcom</a>Industry insiders such as Broadcom CEO Hock Tan said that the extended delivery time should not be overinterpreted as indicating that their customers have a better understanding of the chip industry and are more willing to sign long-term supply agreements.</p>","source":"wallstreetcn_api","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>The delivery time was a whopping 18 weeks! The chip shortage has intensified.</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\">\nThe delivery time was a whopping 18 weeks! The chip shortage has intensified.\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\">2021-06-23 10:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In the past six months, the global chip shortage has become increasingly severe, leading to a significant increase in delivery times.</p><p>The latest research report from Susquehanna Financial Group shows that,<b>In May, the overall chip delivery period extended to 18 weeks, a further increase of 7 days from the previous month, continuing to hit a new high in nearly four years.</b>This delivery time is more than four weeks longer than the previous peak in 2018.</p><p>Among them, it is widely used in many fields, from industrial machinery to smartphones.<b>The delivery time for power management chips extended by nearly two weeks to 25.6 weeks compared to the previous month, making a \"major contribution\" to the increased average delivery time.</b>Even so, shortages remain widespread in other areas.</p><p>Susquehanna analyst Chris Rolland said in a research report:</p><p>The data highlights the widespread chip shortage, as most key product categories (power management, discrete devices, analog devices, passive devices) have experienced extended delivery times. Yesterday's Wall Street News article stated that the global chip shortage that began at the end of last year was caused by several main reasons:</p><p>Factors such as the COVID-19 pandemic and chip factory fires have led to the shutdown of supply chain factories; During the pandemic, people's work and life from home stimulated sales growth of electronic products such as PCs and game consoles; Demand for new chips is growing due to increased shipments of 5G products and electric vehicles. Due to the imbalance between supply and demand, chip prices have continued to rise, and the increase in raw material costs caused by soaring inflation has also pushed up chip prices. The Wall Street Journal, citing chip industry insiders, reported that the costs of several raw materials required for chip manufacturing, including semiconductor silicon wafers, resins, and metals, have risen.</p><p>According to Bloomberg, the automotive industry is currently the hardest hit by the chip shortage, with estimated losses exceeding $100 billion. Other sectors are also feeling the pressure, including<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Many electronics manufacturers, including large companies, cannot meet all the demand for their products.</p><p>Industry insiders say the chip shortage and high prices will continue.</p><p><h2>Is supply falling short of demand or oversupply?</h2><b>However, compared to April, Susquehanna's May report began to show some signs of improved supply.</b></p><p><b>The report shows that chip supply is catching up with demand in a small number of sectors, such as the reduction in microcontroller delivery times by more than a week.</b>Microcontrollers, also known as microcontrollers, are widely used in many fields such as mobile phones, PC peripherals, automotive electronics, washing machines, and robotic arms.</p><p>In addition, although the delivery time for analog chips continues to extend, the speed has slowed down significantly.</p><p>Rolland cautioned that investors are watching delivery times for clues about demand trends, but this could also indicate that chip demanders may be overordering due to panic.<b>He worries that the demand for terminal devices is insufficient to support the current order level, which will mean that the entire chip industry is gradually moving towards oversupply.</b></p><p>Bloomberg quoted<a href=\"https://laohu8.com/S/BRCM\">Broadcom</a>Industry insiders such as Broadcom CEO Hock Tan said that the extended delivery time should not be overinterpreted as indicating that their customers have a better understanding of the chip industry and are more willing to sign long-term supply agreements.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3633614\">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/8a1a8c5698b6f32ee1637556a15bb35b","relate_stocks":{"INTC":"英特尔","TSM":"台积电"},"source_url":"https://wallstreetcn.com/articles/3633614","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145506190","content_text":"近半年多，全球芯片短缺愈发严重，使得交货时间徒增。\nSusquehanna Financial Group最新研究报告显示，5月芯片整体交货期延长至18周，较前月进一步增加7天，续创近四年新高。这一交货期已比2018年上一个峰值长了4周有余。\n其中，从工业机械到智能手机等诸多领域中被广泛使用的电源管理芯片，交货期较前月延长近两周至25.6周，对拉长平均交货期做了“主要贡献”。即便如此，其余领域短缺现象依然普遍。\nSusquehanna分析师Chris Rolland在研究报告中表示：\n\n 数据突显了芯片短缺的广泛性，因为大多数关键产品类别（电源管理、分立器件、模拟器件、无源器件）都出现了交货期延长。\n\n昨天华尔街见闻文章中写道，去年年底开始的全球芯片短缺由下述多个主要原因共同导致：\n\n 新冠疫情、芯片厂大火等因素导致供应链工厂停工；大流行期间人们的居家工作和生活刺激了PC、游戏机等电子产品的销售增长；5G产品、电动汽车出货增长下的新芯片需求增长。\n\n供需不平衡下，芯片价格持续上涨，通胀飙升带来的原材料成本上涨同样推高了芯片售价。华尔街日报援引芯片行业人士称，芯片制造中所需的包括半导体硅晶片、树脂和金属等多项原材料的成本均有所上涨。\n据彭博，目前受芯片短缺影响最大的是汽车业，预计因此损失逾1000亿美元。其他领域也感受到了压力，包括苹果等大公司在内的许多电子产品制造商，都无法满足对其产品的所有需求。\n业内人士表示，芯片短缺和售价高企的状况还将持续。\n供不应求or供过于求？\n不过相比4月，Susquehanna 5月报告开始显露些许供应改善迹象。\n报告显示，一小部分领域芯片供应正赶上需求，比如单片机交货期减少了一个多星期。单片机又称微控制器，在手机、PC外围、汽车电子、洗衣机、机器手臂等多个领域都被广泛使用。\n此外，模拟芯片交货期虽继续延长，但速度明显放缓。\nRolland提醒称，投资者关注交货时间以寻找有关需求趋势的线索，但这也可能表明芯片需求方或因恐慌而订购过多。他担心，终端设备的需求不足以支持当前的订单水平，这将意味着整个芯片业逐渐走向供过于求。\n彭博援引博通(Broadcom)首席执行官Hock Tan等业内人士表示，不要过度解读交货期的延长，这一延长表明，他们的客户对芯片行业有了更高的理解，更有意愿签订一些长期供应协议。","news_type":1,"symbols_score_info":{"INTC":0.9,"TSM":0.9}},"isVote":1,"tweetType":1,"viewCount":1814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123814708,"gmtCreate":1624415530304,"gmtModify":1703835996724,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/123814708","repostId":"1196186292","repostType":4,"repost":{"id":"1196186292","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":1624415154,"share":"https://ttm.financial/m/news/1196186292?lang=en_US&edition=fundamental","pubTime":"2021-06-23 10:25","market":"sh","language":"zh","title":"C-MER Eye Hospital surged over 13%, bringing its monthly gains to over 70%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1196186292","media":"老虎资讯综合","summary":"6月23日，希玛眼科继续拉升，盘中最高涨超13%至10.84港元，股价创2018年3月以来新高，市值超120亿港元；该股月内累涨70%，位2018年以来最大月度涨幅。近日网传希玛眼科路演报告显示，希玛","content":"<p>On June 23,<a href=\"https://laohu8.com/S/03309\">C-MER Ophthalmology</a>The stock continued to rise, reaching a high of over 13% to HK$10.84 during the session, marking a new high since March 2018, with a market capitalization exceeding HK$12 billion. The stock rose 70% this month, its largest monthly increase since 2018.<img src=\"https://static.tigerbbs.com/ce3194c3b2ee89382f92176b5b9e9e3b\" tg-width=\"840\" tg-height=\"470\">Recently, a roadshow report from C-MER Eye Hospital circulated online, showing that C-MER Eye Hospital announced its expansion targets for the next 5 years. Through self-built projects and mergers and acquisitions, it will double the number of eye hospitals to 20 in the short term, and increase the number of eye hospitals to no less than 50 by 2025, which is equivalent to a fourfold increase in scale in the next 5 years. According to the report, C-MER Eye Hospital will adopt in vitro cultivation in cooperation with strategic investors to expand rapidly.</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>C-MER Eye Hospital surged over 13%, bringing its monthly gains to over 70%.</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\">\nC-MER Eye Hospital surged over 13%, bringing its monthly gains to over 70%.\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\">2021-06-23 10:25</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 23,<a href=\"https://laohu8.com/S/03309\">C-MER Ophthalmology</a>The stock continued to rise, reaching a high of over 13% to HK$10.84 during the session, marking a new high since March 2018, with a market capitalization exceeding HK$12 billion. The stock rose 70% this month, its largest monthly increase since 2018.<img src=\"https://static.tigerbbs.com/ce3194c3b2ee89382f92176b5b9e9e3b\" tg-width=\"840\" tg-height=\"470\">Recently, a roadshow report from C-MER Eye Hospital circulated online, showing that C-MER Eye Hospital announced its expansion targets for the next 5 years. Through self-built projects and mergers and acquisitions, it will double the number of eye hospitals to 20 in the short term, and increase the number of eye hospitals to no less than 50 by 2025, which is equivalent to a fourfold increase in scale in the next 5 years. According to the report, C-MER Eye Hospital will adopt in vitro cultivation in cooperation with strategic investors to expand rapidly.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/edc98c04cdc47dd0d16e08274ce9a364","relate_stocks":{"03309":"希玛医疗"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196186292","content_text":"6月23日，希玛眼科继续拉升，盘中最高涨超13%至10.84港元，股价创2018年3月以来新高，市值超120亿港元；该股月内累涨70%，位2018年以来最大月度涨幅。近日网传希玛眼科路演报告显示，希玛眼科公布未来5年扩张目标，将通过自建项目和并购，短期内将眼科医院的数目增加1倍至20家，2025年前将眼科医院的数目增加至不少于50家，相当于未来5年规模增大4倍。据报告显示，希玛眼科将采用与战略投资者合作体外培育来快速扩张。","news_type":1,"symbols_score_info":{"03309":0.9}},"isVote":1,"tweetType":1,"viewCount":1949,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120586722,"gmtCreate":1624327894166,"gmtModify":1703833601540,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/120586722","repostId":"1182298025","repostType":4,"isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120586680,"gmtCreate":1624327877840,"gmtModify":1703833600893,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/120586680","repostId":"2145088111","repostType":4,"repost":{"id":"2145088111","kind":"highlight","pubTimestamp":1624327433,"share":"https://ttm.financial/m/news/2145088111?lang=en_US&edition=fundamental","pubTime":"2021-06-22 10:03","market":"sh","language":"zh","title":"With the legalization of low-speed electric vehicles, has the spring of \"senior citizen fun\" arrived?","url":"https://stock-news.laohu8.com/highlight/detail?id=2145088111","media":"华尔街见闻","summary":"老大爷：你干哈？\n交警：我想扣你车。\n老大爷：凭啥扣我车，我开了那么多次都没人查我，你是不是故意的，不让人开为啥还生产？\n交警：...\n这不是段子，而是2020年5月20日山东某地发生的真实事件。6旬","content":"<p>Old man: What are you doing?</p><p>Traffic policeman: I want to impound your car.</p><p>Old man: Why should my car be impounded? I've driven it so many times and no one has checked me. Are you doing this on purpose? Why are you still producing if you don't let people drive?</p><p>Traffic police: ...</p><p>This is not a joke, but a true incident that occurred in a certain place in Shandong on May 20, 2020. A 60-year-old man was blocking traffic while driving a pure electric four-wheeled mobility scooter bought by his children. The traffic police on duty stopped the scooter and asked the old man to pull it to the side of the road. The old man asked a \"soul\" question: Why are you still producing if you don't let people drive it? Indeed, why produce low-speed electric vehicles if they are not allowed to drive? Low-speed electric vehicles, which develop on the basis that their existence is justified, have always been operating in a gray area of regulations.</p><p><img src=\"https://static.tigerbbs.com/ed5c9b825e918ed2b913b55fde6c84c3\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"></p><p>This awkward situation is finally coming to an end. On June 17, the Ministry of Industry and Information Technology publicly solicited opinions on the new version of the national standard \"Technical Conditions for Pure Electric Passenger Vehicles (Draft for Comments)\". This draft for comments adds a definition and standard for micro low-speed pure electric passenger vehicles, managing them as a subcategory of pure electric passenger vehicles.</p><p>In other words, low-speed electric vehicles, which have been controversial for many years, are one step closer to legalization. Low-speed electric vehicles have long been known as \"senior citizens' fun.\" The labels of low-speed electric vehicles have always been those of drivers who are too old, do not have a driver's license, have low vehicle performance, and violate traffic regulations. Now, this industry is finally undergoing a complete revolution and upgrade.</p><p><h2>Standards are always progress</h2>Since the establishment of the national standard for low-speed electric vehicles in October 2016, there have been reports every year that the national standard is about to be released. The \"boy who cried wolf\" has happened several times, but it has remained unresolved. In 2017, some media outlets leaked the \"Four-Wheeled Low-Speed Electric Vehicles - Technical Specifications (Draft)\". The leaked draft shows that the national standard has made detailed provisions for the production standards of four-wheeled low-speed electric vehicles.</p><p>It wasn't until September 2020 that the Ministry of Industry and Information Technology issued its \"Reply to Proposal No. 7609 of the Third Session of the 13th National People's Congress\" (hereinafter referred to as the \"Reply\"), stating that the draft standard for \"Technical Conditions for Four-Wheeled Low-Speed Electric Vehicles\" had been approved by the standardization administrative department of the State Council in September 2019, and the standard compilation work is currently being accelerated.</p><p><img src=\"https://static.tigerbbs.com/a47745bf43a0166fb405799ec185613d\" tg-width=\"1754\" tg-height=\"1443\" referrerpolicy=\"no-referrer\">On March 23 this year, the Ministry of Industry and Information Technology released the \"Minutes of the Meeting on the Formulation of Standards for Low-Speed Electric According to its contents, a new national standard for four-wheeled low-speed electric vehicles is expected to be released and formulated as early as the end of August, and will be included in the management of new models. This draft for comments clarifies that four-wheeled low-speed electric vehicles will be a subcategory of pure electric passenger vehicles and names them \"micro low-speed pure electric passenger vehicles\". Therefore, the release of this draft for comments means that low-speed electric vehicles are once again moving towards standardization. The main definitions and technical specifications of micro low-speed pure electric passenger vehicles in the draft for comments are as follows:</p><p>I. Number of seats: No more than 4.</p><p>II. Dimensional requirements: Length not greater than 3500mm, width not greater than 1500mm, and height not greater than 1700mm.</p><p>III. Curb weight: Not exceeding 750kg.</p><p>IV. Vehicle speed: The maximum speed in 30 minutes is 40 km/h or more and less than 70 km/h.</p><p>V. Driving range: Not less than 100km.</p><p>VI. Battery energy density: not less than 70Wh/kg.</p><p>VII. Acceleration performance: 0 km/h~30 km/h, acceleration time no more than 10 seconds.</p><p>8. Hill climbing performance: The vehicle speed shall not be less than 20 km/h when climbing a 4% gradient, and shall not be less than 10 km/h when climbing a 12% gradient.</p><p>These performance data are exactly the same as the \"Four-Wheeled Low-Speed Electric Vehicles - Technical Conditions (Draft)\" leaked in 2017. Whether it is vehicle size, battery performance or safety stability, the \"Draft for Comments\" and the \"Draft\" are mostly the same, but there are also differences.</p><p>Regarding safety performance, the draft opinion modified the braking speed and collision speed based on the low-speed characteristics of vehicles, but the vehicle's braking performance and post-collision requirements were not reduced. The previous regulation that the ratio of the mass of the power battery to the curb weight of the vehicle should not exceed 30% has been reduced, which means that the weight of the battery can be greater.</p><p>Furthermore, the draft for comments also adds regulations on power ratio and low-temperature startup performance. The specific power value of micro low-speed pure electric passenger vehicles, calculated using the ratio of peak motor power to the vehicle's curb weight, should be no less than 10kW/t and no more than 20kW/t. The vehicle should be able to start and drive normally after being immersed in the test environment temperature of -20℃±1℃ for 8 hours.</p><p><img src=\"https://static.tigerbbs.com/fce25ea5c1a555521e97119fd60bf85a\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>When Jianwen Auto interviewed Zhao Yaning, executive vice president of the research institute of Hebei Yujie Automobile Industry Co., Ltd., regarding the release of the draft for comments, he said, \"This should be an inevitable trend, and it is also to better promote upgrading and ensure safety. From the perspective of industrial development, it is a better policy that can make automakers more standardized.\"</p><p>Industry insiders also stated that the release of the draft for comments not only conforms to the basic principle of my country's Road Traffic Safety Law, which distinguishes between motor vehicles and non-motor vehicles based on their power units, but is also more conducive to fully incorporating them into the motor vehicle management system from production, sales and use to ensure public safety. The standardized management of the low-speed electric vehicle industry is about to enter the \"fast track\". After all, standardization is always progress.</p><p><h2>Is it spring or winter for seniors to enjoy?</h2>In recent years, sales of low-speed electric vehicles in China have increased significantly, and the market has developed rapidly. Without any subsidies, relying on market demand, it has increased more than tenfold from 2011 to 2017.</p><p>Geographically, low-speed electric vehicles are mainly distributed in Shandong, Hebei, Henan, Jiangsu, Anhui and other places, with sales areas concentrated in third- and fourth-tier cities and urban-rural fringe areas. Among them, Shandong and Henan are major provinces for the production and sales of low-speed electric vehicles. In 2013, sales of low-speed electric vehicles nationwide reached approximately 200,000 units, doubling to nearly 400,000 units in 2014. In 2015, sales of low-speed electric vehicles nationwide increased by more than 50%, approaching 700,000 units. By 2018, sales of low-speed electric vehicles nationwide had approached 1.4 million units. By the end of 2019, sales of low-speed electric vehicles nationwide had declined by about 8% year-on-year, but the number of vehicles still exceeded 5 million.</p><p>The decline in 2018 was mainly due to the government's rectification of low-speed vehicles and uncertainty about policy expectations, which slowed down the growth rate of low-speed vehicle production and sales nationwide and affected major provinces. Among them, Shandong Province has seen a significant decline in the production and sales of low-speed electric vehicles due to the government's strengthened market management. The market reacted differently to the release of the draft for comments.</p><p>\"It won't have much impact. Our cars had already anticipated the national standards several years ago and had already done a good job in product research and development,\" Zhao Yaning said. As a former manufacturer of low-speed electric vehicles, Yujie Automobile leverages its...<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>The in-depth cooperation aims to transform from low-speed electric vehicles to more normal pure electric vehicle models.</p><p><img src=\"https://static.tigerbbs.com/1792819e71c002df964aed7d948fb37e\" tg-width=\"1080\" tg-height=\"583\" referrerpolicy=\"no-referrer\"></p><p>Having already transformed into formal automakers, they actually prefer the promulgation of regulations, because once the regulations are released, most non-national standard companies will be eliminated, while the products currently at the low end of the product matrix are still \"workshop\" type products. Therefore, in terms of actual sales, the inclusion of micro-electric vehicles in the electric vehicle category will inevitably bring about industry standards, starting with the standards for obtaining driver's licenses and the age requirements for drivers, which will benefit the development of road traffic. However, it's important to understand that a large number of low-speed electric vehicles are purchased because they don't require a driver's license. Therefore, the implementation of the new regulations will greatly raise the driving threshold for low-speed electric vehicles, and a decline in sales is to be expected.</p><p>\"It seems that the issue of road rights has not yet been finalized. Currently, they are called micro-speed electric vehicles, and there is no conclusion yet on whether they fully enjoy road rights. It is expected that there will be some restrictions,\" Zhao Yaning said. Indeed, the difference between microelectric vehicles and ordinary electric vehicles lies not only in the product aspect, but also in the actual usage scenarios. In other words,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The Wuling Hongguang MINI EV may be classified as a micro-electric vehicle.</p><p>There are currently more than 15,000 low-speed electric vehicle-related companies in my country whose names or business scopes include \"low-speed electric vehicles and elderly mobility scooters\" and who are in business, existing, relocated in, or relocated out. Among them, more than 80% of the related companies were established within 5 years. Low technological content and lack of economies of scale are the norm for these companies. While the implementation of the new policy will inevitably reshape the entire industry in the short term, in the long run, the regulated market will generate healthier sales and will greatly benefit the development of transportation.</p><p><h2>Chaos persists</h2>In Dezhou, Shandong, you can buy a registered low-speed electric vehicle with just an ID card.</p><p>\"All you need to do is give me your ID card, and I can register it for you.\" The distributor of Boshuo electric four-wheeled mobility vehicles vowed confidently. This low-speed electric vehicle, which is 3600mm long and closely resembles a Land Rover, is their \"top seller\". a sheet of<a href=\"https://laohu8.com/S/601319\">PICC</a>The green license plate for property insurance is the agent's greatest source of confidence.</p><p><img src=\"https://static.tigerbbs.com/86420816330a71908e44aa764d43e532\" tg-width=\"1080\" tg-height=\"1440\" referrerpolicy=\"no-referrer\">They are clearly not worried about the promulgation of the new regulations. “Ours is for the elderly. As long as they don’t go to the city, it’s fine.” “Low-speed electric vehicles have been developing for more than 20 years, and everyone said that policies would be introduced. Now we can not only sell them, but they sell them even better. So it’s fine.” Although many people believe that low-speed electric vehicles are an industry with low technological content, they not only meet the travel needs of many rural consumers, but also enable many small and medium-sized enterprises to embark on the path of \"transformation and upgrading\", opening up new sources of profit for them and ushering in an era of \"survival in the wilderness\".</p><p>It's not just pure electric mobility vehicles; they're also using range-extended low-speed electric vehicles to meet the needs of longer driving ranges. \"Some pure electric low-speed vehicles have reserved installation locations for gasoline engine range extenders at the beginning of their design. As long as consumers have a need, we can provide installation services for an additional fee of about 2,000 yuan,\" a low-speed electric vehicle salesperson told reporters.</p><p><img src=\"https://static.tigerbbs.com/5c4f73548bdf7092e40adce1af0b64c4\" tg-width=\"1080\" tg-height=\"2337\" referrerpolicy=\"no-referrer\">They are upgrading, they are progressing to meet the purest needs of consumers. The promulgation of regulations may bring them more obstacles, but in places where the sun cannot shine, they can still find their spring. We try to understand this industry that is growing wildly in the cracks, to think about the meaning of its existence as rational, and to argue for its legitimacy, while low-speed electric vehicles are still searching for their own spring on the streets, under bridges, and in the fields.</p><p>But such a spring must also be nourished by the \"protection\" of laws and regulations, which is painful and inevitable. We don't know if the promulgation of regulations can truly fundamentally change the industry, but we are certain that the industry will definitely change, and the chaos will require more regulations and manufacturers to address from the legal and consumer perspectives.</p>","source":"wallstreetcn_api","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>With the legalization of low-speed electric vehicles, has the spring of \"senior citizen fun\" arrived?</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\">\nWith the legalization of low-speed electric vehicles, has the spring of \"senior citizen fun\" arrived?\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\">2021-06-22 10:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Old man: What are you doing?</p><p>Traffic policeman: I want to impound your car.</p><p>Old man: Why should my car be impounded? I've driven it so many times and no one has checked me. Are you doing this on purpose? Why are you still producing if you don't let people drive?</p><p>Traffic police: ...</p><p>This is not a joke, but a true incident that occurred in a certain place in Shandong on May 20, 2020. A 60-year-old man was blocking traffic while driving a pure electric four-wheeled mobility scooter bought by his children. The traffic police on duty stopped the scooter and asked the old man to pull it to the side of the road. The old man asked a \"soul\" question: Why are you still producing if you don't let people drive it? Indeed, why produce low-speed electric vehicles if they are not allowed to drive? Low-speed electric vehicles, which develop on the basis that their existence is justified, have always been operating in a gray area of regulations.</p><p><img src=\"https://static.tigerbbs.com/ed5c9b825e918ed2b913b55fde6c84c3\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"></p><p>This awkward situation is finally coming to an end. On June 17, the Ministry of Industry and Information Technology publicly solicited opinions on the new version of the national standard \"Technical Conditions for Pure Electric Passenger Vehicles (Draft for Comments)\". This draft for comments adds a definition and standard for micro low-speed pure electric passenger vehicles, managing them as a subcategory of pure electric passenger vehicles.</p><p>In other words, low-speed electric vehicles, which have been controversial for many years, are one step closer to legalization. Low-speed electric vehicles have long been known as \"senior citizens' fun.\" The labels of low-speed electric vehicles have always been those of drivers who are too old, do not have a driver's license, have low vehicle performance, and violate traffic regulations. Now, this industry is finally undergoing a complete revolution and upgrade.</p><p><h2>Standards are always progress</h2>Since the establishment of the national standard for low-speed electric vehicles in October 2016, there have been reports every year that the national standard is about to be released. The \"boy who cried wolf\" has happened several times, but it has remained unresolved. In 2017, some media outlets leaked the \"Four-Wheeled Low-Speed Electric Vehicles - Technical Specifications (Draft)\". The leaked draft shows that the national standard has made detailed provisions for the production standards of four-wheeled low-speed electric vehicles.</p><p>It wasn't until September 2020 that the Ministry of Industry and Information Technology issued its \"Reply to Proposal No. 7609 of the Third Session of the 13th National People's Congress\" (hereinafter referred to as the \"Reply\"), stating that the draft standard for \"Technical Conditions for Four-Wheeled Low-Speed Electric Vehicles\" had been approved by the standardization administrative department of the State Council in September 2019, and the standard compilation work is currently being accelerated.</p><p><img src=\"https://static.tigerbbs.com/a47745bf43a0166fb405799ec185613d\" tg-width=\"1754\" tg-height=\"1443\" referrerpolicy=\"no-referrer\">On March 23 this year, the Ministry of Industry and Information Technology released the \"Minutes of the Meeting on the Formulation of Standards for Low-Speed Electric According to its contents, a new national standard for four-wheeled low-speed electric vehicles is expected to be released and formulated as early as the end of August, and will be included in the management of new models. This draft for comments clarifies that four-wheeled low-speed electric vehicles will be a subcategory of pure electric passenger vehicles and names them \"micro low-speed pure electric passenger vehicles\". Therefore, the release of this draft for comments means that low-speed electric vehicles are once again moving towards standardization. The main definitions and technical specifications of micro low-speed pure electric passenger vehicles in the draft for comments are as follows:</p><p>I. Number of seats: No more than 4.</p><p>II. Dimensional requirements: Length not greater than 3500mm, width not greater than 1500mm, and height not greater than 1700mm.</p><p>III. Curb weight: Not exceeding 750kg.</p><p>IV. Vehicle speed: The maximum speed in 30 minutes is 40 km/h or more and less than 70 km/h.</p><p>V. Driving range: Not less than 100km.</p><p>VI. Battery energy density: not less than 70Wh/kg.</p><p>VII. Acceleration performance: 0 km/h~30 km/h, acceleration time no more than 10 seconds.</p><p>8. Hill climbing performance: The vehicle speed shall not be less than 20 km/h when climbing a 4% gradient, and shall not be less than 10 km/h when climbing a 12% gradient.</p><p>These performance data are exactly the same as the \"Four-Wheeled Low-Speed Electric Vehicles - Technical Conditions (Draft)\" leaked in 2017. Whether it is vehicle size, battery performance or safety stability, the \"Draft for Comments\" and the \"Draft\" are mostly the same, but there are also differences.</p><p>Regarding safety performance, the draft opinion modified the braking speed and collision speed based on the low-speed characteristics of vehicles, but the vehicle's braking performance and post-collision requirements were not reduced. The previous regulation that the ratio of the mass of the power battery to the curb weight of the vehicle should not exceed 30% has been reduced, which means that the weight of the battery can be greater.</p><p>Furthermore, the draft for comments also adds regulations on power ratio and low-temperature startup performance. The specific power value of micro low-speed pure electric passenger vehicles, calculated using the ratio of peak motor power to the vehicle's curb weight, should be no less than 10kW/t and no more than 20kW/t. The vehicle should be able to start and drive normally after being immersed in the test environment temperature of -20℃±1℃ for 8 hours.</p><p><img src=\"https://static.tigerbbs.com/fce25ea5c1a555521e97119fd60bf85a\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>When Jianwen Auto interviewed Zhao Yaning, executive vice president of the research institute of Hebei Yujie Automobile Industry Co., Ltd., regarding the release of the draft for comments, he said, \"This should be an inevitable trend, and it is also to better promote upgrading and ensure safety. From the perspective of industrial development, it is a better policy that can make automakers more standardized.\"</p><p>Industry insiders also stated that the release of the draft for comments not only conforms to the basic principle of my country's Road Traffic Safety Law, which distinguishes between motor vehicles and non-motor vehicles based on their power units, but is also more conducive to fully incorporating them into the motor vehicle management system from production, sales and use to ensure public safety. The standardized management of the low-speed electric vehicle industry is about to enter the \"fast track\". After all, standardization is always progress.</p><p><h2>Is it spring or winter for seniors to enjoy?</h2>In recent years, sales of low-speed electric vehicles in China have increased significantly, and the market has developed rapidly. Without any subsidies, relying on market demand, it has increased more than tenfold from 2011 to 2017.</p><p>Geographically, low-speed electric vehicles are mainly distributed in Shandong, Hebei, Henan, Jiangsu, Anhui and other places, with sales areas concentrated in third- and fourth-tier cities and urban-rural fringe areas. Among them, Shandong and Henan are major provinces for the production and sales of low-speed electric vehicles. In 2013, sales of low-speed electric vehicles nationwide reached approximately 200,000 units, doubling to nearly 400,000 units in 2014. In 2015, sales of low-speed electric vehicles nationwide increased by more than 50%, approaching 700,000 units. By 2018, sales of low-speed electric vehicles nationwide had approached 1.4 million units. By the end of 2019, sales of low-speed electric vehicles nationwide had declined by about 8% year-on-year, but the number of vehicles still exceeded 5 million.</p><p>The decline in 2018 was mainly due to the government's rectification of low-speed vehicles and uncertainty about policy expectations, which slowed down the growth rate of low-speed vehicle production and sales nationwide and affected major provinces. Among them, Shandong Province has seen a significant decline in the production and sales of low-speed electric vehicles due to the government's strengthened market management. The market reacted differently to the release of the draft for comments.</p><p>\"It won't have much impact. Our cars had already anticipated the national standards several years ago and had already done a good job in product research and development,\" Zhao Yaning said. As a former manufacturer of low-speed electric vehicles, Yujie Automobile leverages its...<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>The in-depth cooperation aims to transform from low-speed electric vehicles to more normal pure electric vehicle models.</p><p><img src=\"https://static.tigerbbs.com/1792819e71c002df964aed7d948fb37e\" tg-width=\"1080\" tg-height=\"583\" referrerpolicy=\"no-referrer\"></p><p>Having already transformed into formal automakers, they actually prefer the promulgation of regulations, because once the regulations are released, most non-national standard companies will be eliminated, while the products currently at the low end of the product matrix are still \"workshop\" type products. Therefore, in terms of actual sales, the inclusion of micro-electric vehicles in the electric vehicle category will inevitably bring about industry standards, starting with the standards for obtaining driver's licenses and the age requirements for drivers, which will benefit the development of road traffic. However, it's important to understand that a large number of low-speed electric vehicles are purchased because they don't require a driver's license. Therefore, the implementation of the new regulations will greatly raise the driving threshold for low-speed electric vehicles, and a decline in sales is to be expected.</p><p>\"It seems that the issue of road rights has not yet been finalized. Currently, they are called micro-speed electric vehicles, and there is no conclusion yet on whether they fully enjoy road rights. It is expected that there will be some restrictions,\" Zhao Yaning said. Indeed, the difference between microelectric vehicles and ordinary electric vehicles lies not only in the product aspect, but also in the actual usage scenarios. In other words,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The Wuling Hongguang MINI EV may be classified as a micro-electric vehicle.</p><p>There are currently more than 15,000 low-speed electric vehicle-related companies in my country whose names or business scopes include \"low-speed electric vehicles and elderly mobility scooters\" and who are in business, existing, relocated in, or relocated out. Among them, more than 80% of the related companies were established within 5 years. Low technological content and lack of economies of scale are the norm for these companies. While the implementation of the new policy will inevitably reshape the entire industry in the short term, in the long run, the regulated market will generate healthier sales and will greatly benefit the development of transportation.</p><p><h2>Chaos persists</h2>In Dezhou, Shandong, you can buy a registered low-speed electric vehicle with just an ID card.</p><p>\"All you need to do is give me your ID card, and I can register it for you.\" The distributor of Boshuo electric four-wheeled mobility vehicles vowed confidently. This low-speed electric vehicle, which is 3600mm long and closely resembles a Land Rover, is their \"top seller\". a sheet of<a href=\"https://laohu8.com/S/601319\">PICC</a>The green license plate for property insurance is the agent's greatest source of confidence.</p><p><img src=\"https://static.tigerbbs.com/86420816330a71908e44aa764d43e532\" tg-width=\"1080\" tg-height=\"1440\" referrerpolicy=\"no-referrer\">They are clearly not worried about the promulgation of the new regulations. “Ours is for the elderly. As long as they don’t go to the city, it’s fine.” “Low-speed electric vehicles have been developing for more than 20 years, and everyone said that policies would be introduced. Now we can not only sell them, but they sell them even better. So it’s fine.” Although many people believe that low-speed electric vehicles are an industry with low technological content, they not only meet the travel needs of many rural consumers, but also enable many small and medium-sized enterprises to embark on the path of \"transformation and upgrading\", opening up new sources of profit for them and ushering in an era of \"survival in the wilderness\".</p><p>It's not just pure electric mobility vehicles; they're also using range-extended low-speed electric vehicles to meet the needs of longer driving ranges. \"Some pure electric low-speed vehicles have reserved installation locations for gasoline engine range extenders at the beginning of their design. As long as consumers have a need, we can provide installation services for an additional fee of about 2,000 yuan,\" a low-speed electric vehicle salesperson told reporters.</p><p><img src=\"https://static.tigerbbs.com/5c4f73548bdf7092e40adce1af0b64c4\" tg-width=\"1080\" tg-height=\"2337\" referrerpolicy=\"no-referrer\">They are upgrading, they are progressing to meet the purest needs of consumers. The promulgation of regulations may bring them more obstacles, but in places where the sun cannot shine, they can still find their spring. We try to understand this industry that is growing wildly in the cracks, to think about the meaning of its existence as rational, and to argue for its legitimacy, while low-speed electric vehicles are still searching for their own spring on the streets, under bridges, and in the fields.</p><p>But such a spring must also be nourished by the \"protection\" of laws and regulations, which is painful and inevitable. We don't know if the promulgation of regulations can truly fundamentally change the industry, but we are certain that the industry will definitely change, and the chaos will require more regulations and manufacturers to address from the legal and consumer perspectives.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3633405\">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/ed5c9b825e918ed2b913b55fde6c84c3","relate_stocks":{"601633":"长城汽车"},"source_url":"https://wallstreetcn.com/articles/3633405","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145088111","content_text":"老大爷：你干哈？\n交警：我想扣你车。\n老大爷：凭啥扣我车，我开了那么多次都没人查我，你是不是故意的，不让人开为啥还生产？\n交警：...\n这不是段子，而是2020年5月20日山东某地发生的真实事件。6旬大爷开着子女买的纯电动四轮代步车阻塞了交通，执勤的交警叫停了代步车，让老大爷将车子靠到路边，大爷发出的“灵魂”拷问：不让人开为啥还生产？ 确实，不让开为什么还生产，凭借存在即合理而发展的低速电动车一直游走于法规的灰色地带。\n\n而这样的尴尬到现在终于要结束了。6月17日工信部对新版国标《纯电动乘用车技术条件（征求意见稿）》公开征求意见。本次《征求意见稿》中增加了微型低速纯电动乘用车的定义和标准，将其作为纯电动乘用车的一个子类进行管理。\n也就是说多年以来一直备受争议的低速电动车距离合法化又更近了一步。一直以来低速电动车被冠名老年乐，驾驶者的年龄偏高，没有驾照，车辆性能低下、违反交规这些一直是低速电动车的标签。而现在这一行业终于迎来一次彻底的革命和升级。\n规范永远是进步\n自从2016年10月低速电动车国标立项以来，每年都传出国标即将出台的消息，“狼来了”好几次，但是一直悬而未决。到了2017年，有媒体流出《四轮低速电动车——技术条件（草案）》。流出的《草案》内容显示，国标对四轮低速电动车生产标准做出了详细规定。\n到了2020年9月，工信部才发布《对十三届全国人大三次会议第7609号建议的答复》（下称《答复》）称，《四轮低速电动车技术条件》标准草案已于2019年9月获得国务院标准化行政主管部门批准立项，目前正在加快标准编制工作。\n今年3月23日，工信部发布了《低速电动车标准制定会议纪要》。根据其内容，预计最快将于8月份底发布制定完成四轮低速电动车新国标，纳入新车型管理。此次意见稿明确了四轮低速电动车将作为纯电动乘用车的一个子类，并命名为“微型低速纯电动乘用车”所以这一次公布的征求意见稿意味着低速电动车又再一次走向规范。在征求意见稿中微型低速纯电动乘用车主要定义与技术指标如下：\n一、座位数：不多于 4 座。\n二、尺寸要求：长度不大于 3500mm、宽度不大于 1500mm，高度不大于 1700mm。\n三、整备质量：不超过 750kg。\n四、车速：30 分钟最高车速大于等于 40 km/h 且小于 70 km/h。\n五、续驶里程：不小于 100km。\n六、电池能量密度：不低于 70Wh/kg。\n七、加速性能：0 km/h~30 km/h 加速时间不大于 10s。\n八、爬坡性能：通过 4% 坡度爬坡车速不小于 20 km/h，通过 12% 坡度的爬坡车速不小于 10 km/h。\n这样的性能数据和2017年流出的《四轮低速电动车——技术条件（草案）》如出一辙，无论是车身尺寸、电池性能还是安全稳定性，《征求意见稿》和《草案》大都相同，但也有不同之处。\n在安全性能方面，意见稿根据车辆低速化特点修改了制动速度和碰撞速度，但车辆的制动效能和碰撞后的要求没有降低。减少了原来动力蓄电池质量与整车整备质量的比值应不大于30%的规定，也就是说电池所占的重量能够更大。\n不仅如此，《征求意见稿》还增加了功率比以及低温起动性能的规定。微型低速纯电动乘用车采用电机峰值功率与整车整备质量之比计算的比功率值应不小于10kW/t且不大于20kW/t。而车辆在-20℃±1℃的试验环境温度下，浸车8 h后，应能正常起动、行驶。\n\n当见闻Auto就《征求意见稿》的推出采访河北御捷车业有限公司研究院常务副院长赵亚宁时，其表示“这个应该是一个大势所趋，也是为了更好的促进升级，保证安全。从产业发展来看，是一个更好的政策，可以让车企更加正规化。”\n业内人士也表示《征求意见稿》的推出不但形式上符合我国《道路交通安全法》以动力装置区分机动车和非机动车的基本原则，也更有利于从生产、销售和使用等环节将其全面纳入机动车管理体系，以达到保障公共安全的目的，低速电动车行业规范管理即将进入“快车道”。 毕竟，规范永远是进步。\n老年乐的春天还是冬天？\n近年来，中国低速电动车销量大幅增长，市场发展迅猛，在没有任何补贴的情况下，依靠市场需求,从2011年到2017年增长十倍以上。\n从地域来看，低速电动车主要分布于山东、河北、河南、江苏、安徽等地，销售区域集中在三、四线城市和城乡结合部，其中山东和河南是低速电动车产销大省。 2013年全国低速电动汽车销量约20万辆，2014年翻倍达到近40万辆，2015年，全国低速电动汽车销量增长50%多，逼近70万辆。到2018年全国低速电动车销量已接近140万辆。截至2019年底，全国低速电动汽车销量同比下滑8%左右，但保有量仍超过500万辆。\n2018年的下滑主要是由于国家对低速车的整改加上对政策预期的不明朗，全国低速车产销量增速减缓，主要省份也受到影响。其中，山东省由于政府对市场管理加强，全省低速电动车产销量出现大幅下降。 对于《征求意见稿》的推出，市场出现了不同的反应。\n“没什么影响的，我们的车在几年之前就已经预判了国标，并且做好了产品的研发。”赵亚宁表示。作为曾经的低速电动车的生产商，御捷汽车凭借和长城汽车的深度合作，从低速电动车转型，向更正常的纯电动车型发展。\n\n已经向正规车企转型的他们其实更想法规的颁布，因为法规一旦发布，必定将淘汰大部分的非国标企业，而目前处于产品矩阵低端的依旧是“作坊”类型的产品。 所以从实际销量上来看，微速电动车被列入电动车的行列，必将带来行业的规范，首先就是驾照考取的规范，驾驶人员年龄的规定，所以有利于道路交通的发展。 但要知道大量低速电动车就是因为不用考驾照才会购买，所以新规的实行也将大大提升低速电动车的驾驶门槛，销量的下滑是能够预期的。\n“路权问题好像还没有最终定论，现在叫微速电动车，是否完全享受路权还没有结论出来。预判会有部分限制。”赵亚宁表示。确实微电之所以和普通电动车产生区别就不会仅仅在产品端，更会在实际使用场景上做出区别，也就是说蔚来五菱宏光MINI EV有可能会被列为微速电动车。\n我国目前有超1.5万家企业名称或经营范围含“低速电动车、老年代步车”，且状态为在业、存续、迁入、迁出的低速电动车相关企业。其中，超8成的相关企业成立于5年以内。技术含量不高、没有规模效应是这些企业的常态。 虽然从短期来看，新政的实行必将对整个行业进行一次洗牌，但是从长远来看，规范后的市场销量会更加健康，对交通发展也会有极大的利好。\n乱象依旧存在\n在山东德州，有一个身份证就能够买一个上牌的低速电动车。\n“你只要给我一张身份证，我就能给你上牌。”博硕电动四轮代步车的代理商信誓旦旦，这辆长3600mm并且神似路虎的低速电动车是他们销售的“头牌”。一张中国人保财险的绿牌是这位代理商最大的底气。\n对于新规的颁布，他们显然并不担心。“我们这个就是给老人开的，只要不去市里，就没事的”“低速电动车发展了20多年，都说要出政策，到现在我们不仅能卖，还卖得更好了。所以没事的。” 虽说在很多人看来低速电动车是一个技术含量并不高的行业，但其不仅满足了众多农村消费者的出行需求，还使得众多中小企业走向了“转型升级”的道路，为它们开辟出全新的利润来源，走出了“荒野求生”的时代。\n不仅仅是纯电代步车，他们为了满足更长的续航里程，也在增程式低速电动车。“一些纯电动低速车在设计之初就已经预留好了汽油机增程器安装位置，只要消费者有需求，我们就能提供安装服务，仅需额外支付2000块钱左右就可以了。”一位低速电动车销售向记者表示。\n他们在升级、他们在为消费者最纯真的需求而进步，法规的颁布或将给他们带来更多的阻碍，但是在太阳照不到的地方，他们依旧能够找到自己的春天。 我们试图去理解这一在缝隙中野蛮生长的产业，去思考存在即合理的意义，去为其合法性唇枪舌剑，而低速电动车们却兀自地在街上、在桥下、在田野中找寻属于自己的春天。\n但这样的春天也一定要在法规的“庇护”下滋润那些渴望春风的人们，这很痛苦，这也必然。我们不知道法规的颁布能否真正从最深处改变行业，但我们确定的是行业一定会改变，而乱象则需要更多的法规和厂家去从法律和消费者端解决。","news_type":1,"symbols_score_info":{"601633":0.9}},"isVote":1,"tweetType":1,"viewCount":1444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120580690,"gmtCreate":1624327758310,"gmtModify":1703833593936,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120580690","repostId":"2145032694","repostType":4,"repost":{"id":"2145032694","kind":"news","pubTimestamp":1624327527,"share":"https://ttm.financial/m/news/2145032694?lang=en_US&edition=fundamental","pubTime":"2021-06-22 10:05","market":"hk","language":"zh","title":"Haidilao's \"continuous decline\": Market value evaporates by HK$250 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2145032694","media":"财经新媒体","summary":"6月21日，“海底捞市值蒸发2400亿港元”登上热搜。继上周跌破2000亿港元市值之后，当日股价再度下跌5%，报收37.50港元/股，最新市值1987.5亿港元。\n\n而4个月前，海底捞（06862.H","content":"<p>On June 21, \"Haidilao's market value evaporated by HK$240 billion\" became a trending topic. After falling below HK$200 billion in market capitalization last week, the stock price fell again by 5% that day, closing at HK$37.50 per share, with a latest market capitalization of HK$198.75 billion.</p><p><img src=\"https://static.tigerbbs.com/fcb853e1bfccfeae8e4af572c4b43ef4\" tg-width=\"840\" tg-height=\"470\"></p><p>Four months ago, Haidilao (06862.HK) was enjoying great success. On February 26, its share price soared to HK$85.68, and its total market capitalization once exceeded HK$450 billion. Compared to its peak, Haidilao's market capitalization has fallen by HK$250 billion.</p><p>So here's the question: how did the market value of this \"first hot pot stock,\" which was originally as hot as a hot pot, keep falling? Is this the \"cruelty\" of capital, the \"heartlessness\" of foodies, or has it reached an inescapable turning point in its fate?</p><p>In fact, several years ago, there were opinions that Haidilao's valuation was too high, and questions such as \"how long can Haidilao's high valuation last?\" kept emerging. Some were optimistic, some were pessimistic, and some were waiting and seeing.</p><p>An economic analyst in the securities industry told Caijing New Media that there are no fairy tales in the capital market. Even Cinderella, who rides in a pumpkin cart, will always reveal her true colors at midnight. \"A company's inflated valuation will eventually return to normal.\"</p><p>Song Xiangqian, president of Jiahua Capital, which focuses on the food and beverage industry, pointed out to Caijing New Media that due to factors such as supply scarcity, the market gave Haidilao a lot of room for valuation. After multiple rounds of market competition, Haidilao has gone through a process of returning to equilibrium value, which is also a normal growth path for a company.</p><p>As a renowned catering giant, Haidilao's story is fascinating enough. Its mark on the catering industry is not only in creating the myth of the founder and his wife becoming \"Singapore's richest people\", not only in the confident statement \"You can't learn from Haidilao\", not only in attracting a steady stream of loyal fans like a snowball, but also in the moat it has gradually built - Haidilao is the first company in China's traditional catering industry to complete the construction of the entire industry chain.</p><p>In terms of brand power, Haidilao remains the same Haidilao. However, Haidilao is showing signs of fatigue in terms of performance growth.</p><p>An investor who focuses on the catering industry pointed out in an interview with Caijing New Media that investment will ultimately return to its original purpose, which is to look at company performance. Declining performance is the main reason for Haidilao's shrinking market value.</p><p>An analysis of financial data from 2017 to 2020 reveals that Haidilao's net profit per store decreased from 4.374 million yuan to 239,000 yuan, and its net profit margin per store decreased from 11.22% to 1.08%. From 2017 to 2019, its net profit and net profit margin per store declined for three consecutive years.</p><p>The impact of the pandemic in 2020 made matters worse. Haidilao's annual revenue was 28.61 billion yuan, a year-on-year increase of 7.8%, and its net profit was 309.3 million yuan, a year-on-year decrease of 86.8%. In its annual report, Haidilao stated frankly that \"the restrictions on people's consumption activities caused by the outbreak of the COVID-19 pandemic\" were one of the reasons for the decline in its net profit.</p><p>Judging from the key indicator of table turnover rate, Haidilao has also experienced its third consecutive decline. From 2018 to 2020, Haidilao's table turnover rates were 5 times/day, 4.8 times/day, and 3.5 times/day, respectively. The declining table turnover rate year by year reflects that Haidilao is facing profit anxiety.</p><p>Negative news has also eroded Haidilao's good reputation built up over the years. In 2020 alone, Haidilao frequently trended on social media due to issues such as price increases and food safety. In April of last year, when the epidemic was initially under control and catering consumption was recovering, Haidilao raised the prices of its dishes by 10%. Many consumers quickly launched a \"boycott\" online against Haidilao's price increases, which ultimately ended with Haidilao issuing a public apology.</p><p>From quietly raising prices to being condemned by netizens, to trending on social media, and then to publicly apologizing and restoring the original price, Haidilao experienced a regrettable \"four-day tour of price increases\".</p><p>With poor profitability and price increases hampered, Haidilao raised funds through bond issuance to secure its cash flow. In January 2021, Haidilao issued US$600 million in 2.150% notes due in 2026 for corporate operations.</p><p>The pandemic has forced Haidilao to be re-examined. This rapidly expanding restaurant giant has reached a turning point in its fate, and its future looks dangerous: not only is its performance under pressure, but the hot pot market is also facing fierce competition.<a href=\"https://laohu8.com/S/00520\">Xiabuxiabu</a>Banu Hot Pot, Donglaishun, and others are putting in all their efforts to grab traffic.</p><p>For Haidilao, the shrinking market value may just be the beginning.</p>","source":"lsy1624327499997","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>Haidilao's \"continuous decline\": Market value evaporates by HK$250 billion</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\">\nHaidilao's \"continuous decline\": Market value evaporates by HK$250 billion\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">财经新媒体</strong><span class=\"h-time small\">2021-06-22 10:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 21, \"Haidilao's market value evaporated by HK$240 billion\" became a trending topic. After falling below HK$200 billion in market capitalization last week, the stock price fell again by 5% that day, closing at HK$37.50 per share, with a latest market capitalization of HK$198.75 billion.</p><p><img src=\"https://static.tigerbbs.com/fcb853e1bfccfeae8e4af572c4b43ef4\" tg-width=\"840\" tg-height=\"470\"></p><p>Four months ago, Haidilao (06862.HK) was enjoying great success. On February 26, its share price soared to HK$85.68, and its total market capitalization once exceeded HK$450 billion. Compared to its peak, Haidilao's market capitalization has fallen by HK$250 billion.</p><p>So here's the question: how did the market value of this \"first hot pot stock,\" which was originally as hot as a hot pot, keep falling? Is this the \"cruelty\" of capital, the \"heartlessness\" of foodies, or has it reached an inescapable turning point in its fate?</p><p>In fact, several years ago, there were opinions that Haidilao's valuation was too high, and questions such as \"how long can Haidilao's high valuation last?\" kept emerging. Some were optimistic, some were pessimistic, and some were waiting and seeing.</p><p>An economic analyst in the securities industry told Caijing New Media that there are no fairy tales in the capital market. Even Cinderella, who rides in a pumpkin cart, will always reveal her true colors at midnight. \"A company's inflated valuation will eventually return to normal.\"</p><p>Song Xiangqian, president of Jiahua Capital, which focuses on the food and beverage industry, pointed out to Caijing New Media that due to factors such as supply scarcity, the market gave Haidilao a lot of room for valuation. After multiple rounds of market competition, Haidilao has gone through a process of returning to equilibrium value, which is also a normal growth path for a company.</p><p>As a renowned catering giant, Haidilao's story is fascinating enough. Its mark on the catering industry is not only in creating the myth of the founder and his wife becoming \"Singapore's richest people\", not only in the confident statement \"You can't learn from Haidilao\", not only in attracting a steady stream of loyal fans like a snowball, but also in the moat it has gradually built - Haidilao is the first company in China's traditional catering industry to complete the construction of the entire industry chain.</p><p>In terms of brand power, Haidilao remains the same Haidilao. However, Haidilao is showing signs of fatigue in terms of performance growth.</p><p>An investor who focuses on the catering industry pointed out in an interview with Caijing New Media that investment will ultimately return to its original purpose, which is to look at company performance. Declining performance is the main reason for Haidilao's shrinking market value.</p><p>An analysis of financial data from 2017 to 2020 reveals that Haidilao's net profit per store decreased from 4.374 million yuan to 239,000 yuan, and its net profit margin per store decreased from 11.22% to 1.08%. From 2017 to 2019, its net profit and net profit margin per store declined for three consecutive years.</p><p>The impact of the pandemic in 2020 made matters worse. Haidilao's annual revenue was 28.61 billion yuan, a year-on-year increase of 7.8%, and its net profit was 309.3 million yuan, a year-on-year decrease of 86.8%. In its annual report, Haidilao stated frankly that \"the restrictions on people's consumption activities caused by the outbreak of the COVID-19 pandemic\" were one of the reasons for the decline in its net profit.</p><p>Judging from the key indicator of table turnover rate, Haidilao has also experienced its third consecutive decline. From 2018 to 2020, Haidilao's table turnover rates were 5 times/day, 4.8 times/day, and 3.5 times/day, respectively. The declining table turnover rate year by year reflects that Haidilao is facing profit anxiety.</p><p>Negative news has also eroded Haidilao's good reputation built up over the years. In 2020 alone, Haidilao frequently trended on social media due to issues such as price increases and food safety. In April of last year, when the epidemic was initially under control and catering consumption was recovering, Haidilao raised the prices of its dishes by 10%. Many consumers quickly launched a \"boycott\" online against Haidilao's price increases, which ultimately ended with Haidilao issuing a public apology.</p><p>From quietly raising prices to being condemned by netizens, to trending on social media, and then to publicly apologizing and restoring the original price, Haidilao experienced a regrettable \"four-day tour of price increases\".</p><p>With poor profitability and price increases hampered, Haidilao raised funds through bond issuance to secure its cash flow. In January 2021, Haidilao issued US$600 million in 2.150% notes due in 2026 for corporate operations.</p><p>The pandemic has forced Haidilao to be re-examined. This rapidly expanding restaurant giant has reached a turning point in its fate, and its future looks dangerous: not only is its performance under pressure, but the hot pot market is also facing fierce competition.<a href=\"https://laohu8.com/S/00520\">Xiabuxiabu</a>Banu Hot Pot, Donglaishun, and others are putting in all their efforts to grab traffic.</p><p>For Haidilao, the shrinking market value may just be the beginning.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021062209241679c92278&s=b\">财经新媒体</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/90749862320f66443f8cd563f6aa95f9","relate_stocks":{"06862":"海底捞"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021062209241679c92278&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145032694","content_text":"6月21日，“海底捞市值蒸发2400亿港元”登上热搜。继上周跌破2000亿港元市值之后，当日股价再度下跌5%，报收37.50港元/股，最新市值1987.5亿港元。\n\n而4个月前，海底捞（06862.HK）还风光无限，2月26日的股价飙至85.68港元，总市值一度突破4500亿港元。相较最高点，海底捞市值已跌去2500亿港元。\n那么问题来了，这支原本像火锅一样热气腾腾的“火锅第一股”，市值怎么就“跌跌不休”呢？这究竟是资本的“残酷”还是吃货的“薄情”，抑或是其自身走到了无法逃避的命运拐点？\n事实上，早几年就有观点直言海底捞估值过高，“海底捞的高估值还能维持多久”这类话题也不断涌出，有人看好，有人唱衰，有人观望。\n某证券行业经济分析师向《财经》新媒体表示，资本市场没有童话。即便是乘坐南瓜车的灰姑娘，总会迎来现出原形的晚12点。“一家企业虚高的估值，会回归。”\n关注食饮行业的加华资本总裁宋向前向《财经》新媒体指出，原来由于供给的稀缺性等因素，市场给了海底捞估值方面很大的空间。在市场多轮博弈之后，海底捞历经一个均衡价值回归的过程，这也是一家企业正常的成长之路。\n作为久负盛名的餐饮巨头，海底捞的故事足够精彩。其在餐饮江湖打下的印记，不止是成就了创始人夫妇的“新加坡首富”神话，不止是那句底气十足的“海底捞你学不会”，不止是像滚雪球一样吸附源源不断的忠实拥趸，还有那逐步构筑的护城河——海底捞是中国传统餐饮行业第一个完成全产业链建设的企业。\n在品牌势能上，海底捞依然是那个海底捞。但在业绩增长上，海底捞已疲态尽显。\n一位关注餐饮行业的投资人接受《财经》新媒体采访时指出，投资最终会回归到本原，那就是看企业业绩。业绩下降是海底捞市值缩水的主要原因。\n梳理2017年至2020年财务数据发现，海底捞餐厅单店净利润从437.4万元降至23.9万元，单店净利率从11.22%降至1.08%。2017年至2019年，其单店净利润和净利率连续三年下滑。\n疫情冲击下的2020年更是雪上加霜，海底捞全年营收286.1亿元，同比增长7.8%，净利润3.093亿元，同比下降86.8%。海底捞在年报中直言，“新冠疫情的暴发对人们消费活动的限制”是其净利润下滑原因之一。\n从关键指标翻台率来看，海底捞也遭遇“三连降”。2018年至2020年，海底捞翻台率分别为5次/天、4.8次/天、3.5次/天。逐年降低的翻台率，侧面反映出海底捞正陷入盈利焦虑。\n负面消息也侵蚀着海底捞多年积累的好口碑。仅2020年，海底捞就因涨价、食品安全等问题频上热搜。去年4月，海底捞在疫情初步得到控制、餐饮消费复苏的节点，将菜品价格提升10%。诸多消费者迅速在网络端掀起一场针对海底捞涨价的“抵制潮”，这场风波最终以海底捞官方公开道歉收场。\n从悄然涨价到网友讨伐，到登上热搜，再到公开道歉、恢复原价，彼时的海底捞，经历了让人唏嘘的“涨价4天游”。\n盈利不佳，涨价受阻，为守住资金链，海底捞通过发债融资。2021年1月，海底捞发行6亿美元于2026年到期的2.150%票据，用于企业经营。\n一场疫情，让海底捞被重新审视。这家一路狂奔、扩张的餐饮巨头，已然走到了命运的拐点，前途弥漫着危险的气息：不止是业绩承压，火锅赛道已然上演围剿式竞争，呷哺呷哺、巴奴火锅、东来顺等铆足了劲儿抢流量。\n对于海底捞而言，市值缩水或许只是刚刚开始。","news_type":1,"symbols_score_info":{"06862":0.9}},"isVote":1,"tweetType":1,"viewCount":1604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167723707,"gmtCreate":1624285458709,"gmtModify":1703832511039,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/167723707","repostId":"1175702656","repostType":4,"isVote":1,"tweetType":1,"viewCount":1678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167723374,"gmtCreate":1624285438898,"gmtModify":1703832509565,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/167723374","repostId":"1195452837","repostType":4,"repost":{"id":"1195452837","kind":"news","pubTimestamp":1624284638,"share":"https://ttm.financial/m/news/1195452837?lang=en_US&edition=fundamental","pubTime":"2021-06-21 22:10","market":"us","language":"zh","title":"51job opened sharply higher and will be privatized at $79.05 per share.","url":"https://stock-news.laohu8.com/highlight/detail?id=1195452837","media":"澎湃新闻","summary":"收购财团包括德弘资本、鸥翎投资、前程无忧CEO甄荣辉。","content":"<p><div>51job opened higher on Monday and was up more than 3% as of press time. On June 21, recruitment website 51job announced that the company would be acquired by a consortium of investors for $79.05 per ADS (American Depositary Receipt). Based on this calculation, the company's equity value is approximately $5.7 billion. The price of $79.05 represents a 28.89% premium over the closing price on the last trading day (May 3) before the company received the updated privatization proposal. The acquisition consortium includes Dehong Capital (DCP), Ocean Link Partners Limited,...</p><p><a href=\"https://www.thepaper.cn/newsDetail_forward_13238629\">Web page link</a></div></p>","source":"pengpai_highlight","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>51job opened sharply higher and will be privatized at $79.05 per share.</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\">\n51job opened sharply higher and will be privatized at $79.05 per share.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">澎湃新闻</strong><span class=\"h-time small\">2021-06-21 22:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>51job opened higher on Monday and was up more than 3% as of press time. On June 21, recruitment website 51job announced that the company would be acquired by a consortium of investors for $79.05 per ADS (American Depositary Receipt). Based on this calculation, the company's equity value is approximately $5.7 billion. The price of $79.05 represents a 28.89% premium over the closing price on the last trading day (May 3) before the company received the updated privatization proposal. The acquisition consortium includes Dehong Capital (DCP), Ocean Link Partners Limited,...</p><p><a href=\"https://www.thepaper.cn/newsDetail_forward_13238629\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.thepaper.cn/newsDetail_forward_13238629\">澎湃新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/46494ff0a967fd1461f0d4b570a39e77","relate_stocks":{"JOBS":"前程无忧"},"source_url":"https://www.thepaper.cn/newsDetail_forward_13238629","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195452837","content_text":"周一，前程无忧高开，截至发稿涨超3%。\n\n6月21日，招聘网站前程无忧宣布，公司将以每ADS（美国存托凭证）79.05美元的价格，被一个投资者财团收购。以此计算，公司的股权价值约为57亿美元。\n79.05美元的价格，较公司收到更新后私有化提案前最后一个交易日（5月3日）的收盘价溢价28.89%。\n收购财团包括德弘资本（DCP）、鸥翎投资（Ocean Link Partners Limited）、前程无忧CEO甄荣辉（Rick Yan）。公司最大股东Recruit Holdings Co., Ltd.也参与了交易。\n上述消息宣布后，前程无忧21日晚美股开盘涨逾4%。\n交易完成后，前程无忧将成为一家私人控股公司，其美国存托凭证将不再在纳斯达克全球精选市场交易。合并预计在2021年下半年完成。\n前程无忧官网资料称，前程无忧成立于1998年，是中国领先的综合人力资源服务提供商，公司的主要在线招聘平台（.51job.com、yingjiesheng.com、lagou.com和51mdd.com）以及移动应用程序，每天都会为数百万的人们提供就业机会。51job还提供许多其他增值的HR服务，包括业务流程外包，培训，专业评估，校园招聘，高管搜寻和薪酬分析。51job在武汉设有呼叫中心，并在全国25个城市设有销售和服务网点。\n前程无忧2020年年报显示，该公司去年营业收入为36.89亿元，同比减少7.8%，净利润为10.97亿元。2019年同期为5.323亿元。\n此次牵头收购前程无忧的德弘资本，其官网资料称，德弘资本是一家专注于亚洲市场的国际性私募股权投资机构，核心团队曾领导了KKR及摩根士丹利在亚洲的私募股权投资业务，并创造了跨越多个周期的长期优异投资回报。鸥翎投资Ocean Link是一家专注于中国消费、旅行与互联网产业的私募股权投资公司。前程无忧最大股东公司Recruit Holdings Co., Ltd，为日本人力资源服务公司瑞可利。\n前程无忧在2018年股价窜上100美元后，便震荡滑落，今年私有化风声放出后有所攀升，目前前程无忧的市值约50.34亿美元。作为对比，前阵子刚刚在美上市的BOSS直聘（NASDAQ:BZ），市值达151.98亿美元。","news_type":1,"symbols_score_info":{"JOBS":0.9}},"isVote":1,"tweetType":1,"viewCount":1517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167465912,"gmtCreate":1624282708536,"gmtModify":1703832359934,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/167465912","repostId":"1175702656","repostType":4,"isVote":1,"tweetType":1,"viewCount":1746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167462829,"gmtCreate":1624282693861,"gmtModify":1703832359111,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581557349980222","authorIdStr":"3581557349980222"},"themes":[],"title":"","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/167462829","repostId":"1167576320","repostType":4,"repost":{"id":"1167576320","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":1624282140,"share":"https://ttm.financial/m/news/1167576320?lang=en_US&edition=fundamental","pubTime":"2021-06-21 21:29","market":"us","language":"zh","title":"Opening: US stocks opened higher across the board, with most US infrastructure concepts rising.","url":"https://stock-news.laohu8.com/highlight/detail?id=1167576320","media":"老虎资讯综合","summary":"6月21日（周一），道琼斯指数开盘上涨231.15点，涨幅0.69%，报33521.23点；纳斯达克综合指数开盘上涨29.05点，涨幅0.21%，报14059.42点；标普500指数开盘上涨20.07","content":"<p>On Monday, June 21, the Dow Jones Industrial Average opened 231.15 points higher, or 0.69%, at 33,521.23. The Nasdaq Composite Index opened up 29.05 points, or 0.21%, at 14,059.42. The S&P 500 opened up 20.07 points, or 0.48%, at 4,186.52.</p><p><img src=\"https://static.tigerbbs.com/8737771515cfb344cbc10cfa8fecbe51\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>U.S. infrastructure stocks rose in early trading.<a href=\"https://laohu8.com/S/X\">American Steel</a>Up 3.65%<a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>Up 2.38%<a href=\"https://laohu8.com/S/OSN\">Aosheng Innovation</a>It rose 1.74%.</p><p>Most blockchain stocks declined.<a href=\"https://laohu8.com/S/BTCM\">Bit Mining</a>Down more than 9%<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Down more than 8%<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Riot Blockchain fell more than 4%, and Riot Blockchain fell more than 3%. previously<a href=\"https://laohu8.com/S/601398\">Industrial and Commercial Bank</a>、<a href=\"https://laohu8.com/S/601288\">Agricultural bank</a>、<a href=\"https://laohu8.com/S/601939\">CCB</a>Alipay (China) and others have issued announcements banning the transaction of virtual currencies such as Bitcoin.</p><p>Chinese education stocks listed in the US generally fell.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It fell more than 5%.<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It fell more than 3%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It fell 2.39%.</p><p>U.S. new energy vehicle stocks fell.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell 6.65%.<a href=\"https://laohu8.com/S/FSR\">fisherman</a>It fell 4.25%.<a href=\"https://laohu8.com/S/TSP\">Tucson Future</a>It fell 3.8%.<a href=\"https://laohu8.com/S/NKLA\">Nicholas</a>It fell 3.57%.<a href=\"https://laohu8.com/S/NIO\">Nio Automotive</a>It fell 3.2%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NIU\">Niu Electric</a>It fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/LDL\">Leidel</a>Clearlake Capital's high-performance specialty materials supplier Unifrax, which surged over 80%, will be acquired for $62.10 per share.<a href=\"https://laohu8.com/S/LDL\">Leidel</a>。</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: US stocks opened higher across the board, with most US infrastructure concepts rising.</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; 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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\">\nOpening: US stocks opened higher across the board, with most US infrastructure concepts rising.\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\">2021-06-21 21:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Monday, June 21, the Dow Jones Industrial Average opened 231.15 points higher, or 0.69%, at 33,521.23. The Nasdaq Composite Index opened up 29.05 points, or 0.21%, at 14,059.42. The S&P 500 opened up 20.07 points, or 0.48%, at 4,186.52.</p><p><img src=\"https://static.tigerbbs.com/8737771515cfb344cbc10cfa8fecbe51\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>U.S. infrastructure stocks rose in early trading.<a href=\"https://laohu8.com/S/X\">American Steel</a>Up 3.65%<a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>Up 2.38%<a href=\"https://laohu8.com/S/OSN\">Aosheng Innovation</a>It rose 1.74%.</p><p>Most blockchain stocks declined.<a href=\"https://laohu8.com/S/BTCM\">Bit Mining</a>Down more than 9%<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Down more than 8%<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Riot Blockchain fell more than 4%, and Riot Blockchain fell more than 3%. previously<a href=\"https://laohu8.com/S/601398\">Industrial and Commercial Bank</a>、<a href=\"https://laohu8.com/S/601288\">Agricultural bank</a>、<a href=\"https://laohu8.com/S/601939\">CCB</a>Alipay (China) and others have issued announcements banning the transaction of virtual currencies such as Bitcoin.</p><p>Chinese education stocks listed in the US generally fell.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It fell more than 5%.<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It fell more than 3%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It fell 2.39%.</p><p>U.S. new energy vehicle stocks fell.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell 6.65%.<a href=\"https://laohu8.com/S/FSR\">fisherman</a>It fell 4.25%.<a href=\"https://laohu8.com/S/TSP\">Tucson Future</a>It fell 3.8%.<a href=\"https://laohu8.com/S/NKLA\">Nicholas</a>It fell 3.57%.<a href=\"https://laohu8.com/S/NIO\">Nio Automotive</a>It fell 3.2%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NIU\">Niu Electric</a>It fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/LDL\">Leidel</a>Clearlake Capital's high-performance specialty materials supplier Unifrax, which surged over 80%, will be acquired for $62.10 per share.<a href=\"https://laohu8.com/S/LDL\">Leidel</a>。</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","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":"1167576320","content_text":"6月21日（周一），道琼斯指数开盘上涨231.15点，涨幅0.69%，报33521.23点；纳斯达克综合指数开盘上涨29.05点，涨幅0.21%，报14059.42点；标普500指数开盘上涨20.07点，涨幅0.48%，报4186.52点。\n\n美国基建股盘初走强，美国钢铁涨3.65%，卡特彼勒涨2.38%，奥盛创新涨1.74%。\n区块链股多数下挫，比特矿业跌超9%、亿邦国际跌超8%、嘉楠科技跌超4%、Riot Blockchain跌超3%。此前工商银行、农业银行、建设银行、支付宝（中国）等纷纷发表公告禁止开展比特币等虚拟货币交易。\n中概教育股普跌，好未来跌超5%，新东方跌超3%，高途跌2.39%。\n美股新能源车股走低，小鹏汽车跌6.65%，Fisker跌4.25%，图森未来跌3.8%，Nikola跌3.57%，蔚来汽车跌3.2%，理想汽车、小牛电动跌超2%。\n莱德尔大涨超80%， Clearlake Capital旗下高性能特种材料供应商Unifrax将以以62.10美元/股的价格收购莱德尔。","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":377977320,"gmtCreate":1619493267060,"gmtModify":1704724866447,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/377977320","repostId":"1172759945","repostType":4,"repost":{"id":"1172759945","kind":"news","pubTimestamp":1619492885,"share":"https://ttm.financial/m/news/1172759945?lang=en_US&edition=fundamental","pubTime":"2021-04-27 11:08","market":"hk","language":"zh","title":"Tencent Games' Anxiety About Anime and Comics","url":"https://stock-news.laohu8.com/highlight/detail?id=1172759945","media":"竞核","summary":"“米哈游《崩坏3》兔女郎事件。”\n“腾讯投资《少女前线》开发商散爆网络。”\n这或许就是近段时间，国内二次元游戏领域发生的两件大事了。前者，更多反映的是二次元游戏独特品类，以及二次元玩家特有文化；后者，","content":"<p>\"The bunny girl incident in miHoYo's Honkai Impact 3.\"</p><p>“<a href=\"https://laohu8.com/S/00700\">Tencent</a>Investing in the developer of \"Girls' Frontline,\" Sanbao Network.</p><p>These are perhaps the two major events that have occurred in the domestic ACG game industry recently. The former reflects more the unique genres of anime and manga games and the distinctive culture of anime and manga players; The latter focuses on major companies using capital to expand into the ACG (Anime, Comics, and Games) game sector.</p><p>To avoid unnecessary trouble, this article will not discuss the \"Bunny Girl Incident\". Those who want to know more can search for it themselves.</p><p>On April 22, Yu Zhong (Huang Chong), CEO of Sanbao Network, the developer of \"Girls' Frontline\" (hereinafter referred to as \"Shaoqian\"), released an internal letter stating that Sanbao and<a href=\"https://laohu8.com/S/00700\">Tencent</a>Strategic cooperation has been formally With Tencent's participation, Sanbao will continue to maintain a 100% independent development and operation model and will further concentrate resources on the highest quality game innovation and production.</p><p>According to business registration information, Shanghai Sanbao Network has undergone business registration changes, with Guangxi Tencent Venture Capital Co., Ltd. becoming a new shareholder, holding 20% of the shares. After the transaction was completed, Tencent became the third largest shareholder of Shanghai Sanbao.<img src=\"https://static.tigerbbs.com/fb1aa999340dbf367d51f8e5b302e90e\" tg-width=\"1399\" tg-height=\"316\" referrerpolicy=\"no-referrer\">In fact, whether through investment or self-development, Tencent's entry into the ACG (Anime, Comics, and Games) game field is nothing new. For example, in 2016, Tencent invested in the development of Shangle Elements for \"Idol Dream Festival\"; In March 2021, Tencent released its self-developed ACG mobile game \"Day and Night\".<a href=\"https://laohu8.com/S/JG\">Aurora</a>\"It has received enthusiastic attention from both inside and outside the industry.\"</p><p>However, Tencent's investment in Sanbao Network still surprised many people. After all, there are very few companies like Sanbao that have successful core experience in developing ACG games and are well-known in the industry.</p><p><b>In addition, media reports indicate that Tencent's valuation of Sanbao Network has reached several billion yuan, surpassing that of the anime and manga teams that Tencent had previously invested in. Meanwhile, according to \"Domestic ACG Mobile Game Observation,\" a content creator in the ACG (Anime, Comics, and Games) industry, Tencent's investment in Shangsanbao Network may be as much as 400 million yuan.</b></p><p>The above news caused quite a stir within the anime and manga game community.</p><p>Who exactly is Sanbao Network? Why was its game \"Girls' Frontline\" able to win Tencent's favor? What are Tencent's intentions in investing in the ACG (Anime, Comics, and Games) industry? Today, we'll just talk about it briefly.</p><p>Sanbao Network was founded in 2015. Its predecessor was the fan game club Mica Group, and its founder was Huang Chong (Yu Zhong).</p><p>The company's well-known product, \"Girls' Frontline,\" is an anime-style strategy (gungirl development) mobile game. Since its launch in the Chinese market in 2016, the game has maintained a rating of over 8 on game platforms such as Bilibili, TapTap, and Haoyou Kuaibao, and has a relatively stable revenue and user base.<img src=\"https://static.tigerbbs.com/369bfc723c077b4a8608f8e46869c51a\" tg-width=\"1400\" tg-height=\"790\" referrerpolicy=\"no-referrer\">Meanwhile, \"Girls' Frontline\" has also performed quite successfully in overseas markets, once reaching the top of the South Korean iOS best-selling chart.</p><p>In the ACG (Anime, Comics, and Games) mobile game community, Girls' Frontline is jokingly referred to by many players as a backbone of the \"ACG\" genre. This unwritten statement, to some extent, also reflects Shaoqian's considerable reputation and status in the ACG mobile game market.</p><p>From a product design perspective, Girls' Frontline focuses on \"gun girl development\" and \"battle flag strategy\". With its excellent gameplay and quality, the game has gained a loyal fan base in the anime and manga community and has a long-term stable and objective sales revenue.</p><p><b>According to data from \"Domestic ACG Mobile Game Observation\", the revenue of \"Girls' Frontline\" reached 350 million RMB in 2020. As an anime/manga game that has been online for nearly 5 years, it is truly commendable that it can still achieve this result.</b><img src=\"https://static.tigerbbs.com/c2871469dfc94b8a1c8078ca1953239c\" tg-width=\"1400\" tg-height=\"683\" referrerpolicy=\"no-referrer\">It's worth noting that the development of \"Girls' Frontline\" goes beyond the game itself. Thanks to its loyal fan base, \"Girls' Frontline\" enjoys considerable popularity on Bilibili and has a large amount of derivative content on related themes.</p><p>Player-created content found on Bilibili using the keyword \"Girls' Frontline\" includes game guides, storylines, cosplay, short films, and handwritten animations. For example, the \"Girls' Frontline Newbie Guide\" created by content creator \"Music of Destiny\" has 770,000 views on Bilibili, while the \"Girls' Frontline Short Animation\" created by content creator \"0 Ah Bao 0\" has 480,000 views...<img src=\"https://static.tigerbbs.com/755ef5cee48172ac761e07d4be3c8184\" tg-width=\"1400\" tg-height=\"1007\" referrerpolicy=\"no-referrer\">These secondary creations not only contribute to the Girls' Frontline game community ecosystem and further expand Girls' Frontline's influence in the entire ACG game community, but also provide nourishment for the growth of the Girls' Frontline IP.</p><p><b>Sanbao Network has always attached great importance to the continuous development of the \"Girls' Frontline\" IP.</b></p><p>Based on this IP, the production team launched a series of anime series such as \"Girls' Frontline Humanoid Theater\" and the \"Girls' Frontline\" manga series. In addition, an animated version of \"Girls' Frontline\" is also in production.<img src=\"https://static.tigerbbs.com/772af265107c99a55d010ec871103aa8\" tg-width=\"1399\" tg-height=\"930\" referrerpolicy=\"no-referrer\">It should be noted that these product-based creations have received tremendous support from fans. For example, the anime series \"Girls' Frontline Humanoid Theater\" has 720,000 followers on Bilibili, even surpassing a considerable number of anime series.</p><p>Returning to the gaming level, Sanbao Network has spawned multiple game branches based on the \"Girls' Frontline\" IP. At the 2020 Shaoqian 4th Anniversary Press Conference, the official team announced four new Shaoqian IP games.</p><p>Girls' Front 2: Exile continues the main world view of Girls' Front, with American-style strategy as the core gameplay, combined with a girls' tactical humanoid collection and development mode; \"Girls' Frontline: Cloud Map Project\" is based on the world of the prequel to \"Girls' Frontline\" and combines self-playing chess and Roguelite gameplay.<img src=\"https://static.tigerbbs.com/7836b0f533de2b13b548f2358462d47a\" tg-width=\"1398\" tg-height=\"786\" referrerpolicy=\"no-referrer\">In addition, it includes the pixel-style action puzzle RPG \"Shaoqian: Unpredictable Realm\" and the strategy board game \"Reverse Collapse: Bakery Operation\".</p><p><b>Indeed, Sanbao Network's \"Girls' Frontline\" is growing from a single product into a massive ACG game IP, building a self-circulating brand ecosystem around games, animation, comics and other fields.</b></p><p>This may also be one of the key factors behind Tencent's heavy investment in the explosive growth.</p><p>As mentioned earlier, Tencent's foray into the ACG (Anime, Comics, and Games) game sector is no longer \"news\".</p><p>The difference is that Tencent's early actions in the ACG market focused more on \"comic adaptation\" products, such as the mobile game \"Naruto\", the mobile game \"Saint Seiya\", and the mobile game \"Fox Demon Matchmaker\".<img src=\"https://static.tigerbbs.com/a61f4d5e6836d9c366bb942e733bcfa9\" tg-width=\"1400\" tg-height=\"933\" referrerpolicy=\"no-referrer\"><b>However, in reality, such products are difficult to favor in the core ACG (Anime, Comics, and Games) community, and are not even called \"ACG games.\" They are more likely to be categorized as \"comic book adaptations\" or \"pan-ACG games.\"</b></p><p>It is worth noting that these products also share certain common characteristics, namely, they are often adapted from major animation IPs owned by Tencent or imported from overseas. Leveraging the influence of animation IPs, the product was able to quickly acquire a certain player base and generate high revenue in the early stages of its launch.</p><p>However, comic book adaptations often have many limitations.</p><p>For example, while benefiting from attracting traffic from anime fans, comic book adaptations also face relatively stringent scrutiny from this user base. In addition, comic book adaptation IPs bear the customer acquisition costs of fan customers to some extent.</p><p>Under the dual pressure of fans and KPIs, comic book adaptations have become more conservative in design, and they dare not pursue too much innovation in gameplay, art, and character design.</p><p><b>It should be noted that the core players of \"comic book adaptation mobile games\" and the core users of \"anime and manga games\" are not exactly the same. The former focuses on the faithfulness of the original characters and the gameplay; The latter, on the other hand, is more concerned with the characteristics of the character itself, leaning towards things like \"selling wives,\" \"selling husbands,\" and \"selling personas.\"</b><img src=\"https://static.tigerbbs.com/99211ec1e198324a66e4bfd5190dbb8e\" tg-width=\"1400\" tg-height=\"1165\" referrerpolicy=\"no-referrer\">In other words, Tencent actively invested in comic book adaptation games in its early days, but did not truly penetrate the core circle of anime and manga. It is undeniable that during the rise of the ACG (Anime, Comics, and Games) market, comic book adaptations brought certain benefits to Tencent, but Tencent lacked confidence in its core ACG users.</p><p>For example, Tencent seems to have missed out on Eagle Horn Network's \"Tomorrow's Ark\" in 2019 and miHoYo's \"Genshin Impact\" in 2020. However, these two highly representative anime and manga products have achieved great success.</p><p>Tomorrow's Ark generated nearly 600 million yuan in revenue in its first month, with various captains, commanders, and admirals transforming into \"swordsman towers,\" demonstrating to the market the potential of the anime and manga industry. Genshin Impact achieved a staggering 5 billion yuan in revenue in its first month, becoming a phenomenal product. This has prompted the entire game market to re-examine the \"ACG\" (Anime, Comics, and Games) industry and boosted the confidence of ACG practitioners.<img src=\"https://static.tigerbbs.com/8c65843043751d71d9549c170b93e458\" tg-width=\"1399\" tg-height=\"787\" referrerpolicy=\"no-referrer\"><b>In contrast, Tencent doesn't have many commercially successful ACG games, which has undoubtedly become a major concern for Tencent. This may also be one of the important reasons why Tencent has been making frequent moves in the ACG market since the beginning of 2021.</b></p><p>According to incomplete statistics from the competitive bidding process, as of April 26, Tencent has invested in a total of 8 ACG game development companies this year, and most of these 8 investments involve a 20% stake.<img src=\"https://static.tigerbbs.com/483b57a6f7dfdd13e3ed2980f2217c42\" tg-width=\"1399\" tg-height=\"460\" referrerpolicy=\"no-referrer\">Among them, \"Food Contract\" developed by Fantang Network is a food anthropomorphic mobile game. The game has gained recognition from many anime and manga users with its refreshing Japanese art style and top voice actors. It has a rating of 7.6 on TapTap and 8.1 on Bilibili. This is a niche work in the anime and manga community, but it has received excellent reviews.</p><p>In addition, the Daofeng ACG action mobile game \"Above Qimen\", developed by the IndieLeague independent team (also known as the Independent Developers Alliance), has nearly 300,000 pre-orders on the TapTap platform and a rating as high as 9.2.</p><p>It should be noted that while making external investments, Tencent is also gradually incubating ACG game IPs internally.</p><p>For example, the strategy mobile game \"White Night\"<a href=\"https://laohu8.com/S/JG\">Aurora</a>(under development), female-oriented mobile games such as \"Love of Light and Night\" and \"Walnut Diary\" are all a series of attempts by Tencent in the ACG mobile game industry.</p><p>This time, Tencent's increased stake in the ACG (Anime, Comics, and Games) mobile game industry has gone viral online, although it cannot yet be said that Tencent has firmly established itself in the ACG game sector. It is certain that this will, to a large extent, propel Tencent further in the ACG (Anime, Comics, and Games) field.</p><p>For Sanbao Network, with Tencent's support and ample cash flow, the company naturally has more confidence to make longer-term plans for the development of the Shaoqian IP.<b>。</b></p>","source":"hungrydou","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>Tencent Games' Anxiety About Anime and Comics</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\">\nTencent Games' Anxiety About Anime and Comics\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">竞核</strong><span class=\"h-time small\">2021-04-27 11:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>\"The bunny girl incident in miHoYo's Honkai Impact 3.\"</p><p>“<a href=\"https://laohu8.com/S/00700\">Tencent</a>Investing in the developer of \"Girls' Frontline,\" Sanbao Network.</p><p>These are perhaps the two major events that have occurred in the domestic ACG game industry recently. The former reflects more the unique genres of anime and manga games and the distinctive culture of anime and manga players; The latter focuses on major companies using capital to expand into the ACG (Anime, Comics, and Games) game sector.</p><p>To avoid unnecessary trouble, this article will not discuss the \"Bunny Girl Incident\". Those who want to know more can search for it themselves.</p><p>On April 22, Yu Zhong (Huang Chong), CEO of Sanbao Network, the developer of \"Girls' Frontline\" (hereinafter referred to as \"Shaoqian\"), released an internal letter stating that Sanbao and<a href=\"https://laohu8.com/S/00700\">Tencent</a>Strategic cooperation has been formally With Tencent's participation, Sanbao will continue to maintain a 100% independent development and operation model and will further concentrate resources on the highest quality game innovation and production.</p><p>According to business registration information, Shanghai Sanbao Network has undergone business registration changes, with Guangxi Tencent Venture Capital Co., Ltd. becoming a new shareholder, holding 20% of the shares. After the transaction was completed, Tencent became the third largest shareholder of Shanghai Sanbao.<img src=\"https://static.tigerbbs.com/fb1aa999340dbf367d51f8e5b302e90e\" tg-width=\"1399\" tg-height=\"316\" referrerpolicy=\"no-referrer\">In fact, whether through investment or self-development, Tencent's entry into the ACG (Anime, Comics, and Games) game field is nothing new. For example, in 2016, Tencent invested in the development of Shangle Elements for \"Idol Dream Festival\"; In March 2021, Tencent released its self-developed ACG mobile game \"Day and Night\".<a href=\"https://laohu8.com/S/JG\">Aurora</a>\"It has received enthusiastic attention from both inside and outside the industry.\"</p><p>However, Tencent's investment in Sanbao Network still surprised many people. After all, there are very few companies like Sanbao that have successful core experience in developing ACG games and are well-known in the industry.</p><p><b>In addition, media reports indicate that Tencent's valuation of Sanbao Network has reached several billion yuan, surpassing that of the anime and manga teams that Tencent had previously invested in. Meanwhile, according to \"Domestic ACG Mobile Game Observation,\" a content creator in the ACG (Anime, Comics, and Games) industry, Tencent's investment in Shangsanbao Network may be as much as 400 million yuan.</b></p><p>The above news caused quite a stir within the anime and manga game community.</p><p>Who exactly is Sanbao Network? Why was its game \"Girls' Frontline\" able to win Tencent's favor? What are Tencent's intentions in investing in the ACG (Anime, Comics, and Games) industry? Today, we'll just talk about it briefly.</p><p>Sanbao Network was founded in 2015. Its predecessor was the fan game club Mica Group, and its founder was Huang Chong (Yu Zhong).</p><p>The company's well-known product, \"Girls' Frontline,\" is an anime-style strategy (gungirl development) mobile game. Since its launch in the Chinese market in 2016, the game has maintained a rating of over 8 on game platforms such as Bilibili, TapTap, and Haoyou Kuaibao, and has a relatively stable revenue and user base.<img src=\"https://static.tigerbbs.com/369bfc723c077b4a8608f8e46869c51a\" tg-width=\"1400\" tg-height=\"790\" referrerpolicy=\"no-referrer\">Meanwhile, \"Girls' Frontline\" has also performed quite successfully in overseas markets, once reaching the top of the South Korean iOS best-selling chart.</p><p>In the ACG (Anime, Comics, and Games) mobile game community, Girls' Frontline is jokingly referred to by many players as a backbone of the \"ACG\" genre. This unwritten statement, to some extent, also reflects Shaoqian's considerable reputation and status in the ACG mobile game market.</p><p>From a product design perspective, Girls' Frontline focuses on \"gun girl development\" and \"battle flag strategy\". With its excellent gameplay and quality, the game has gained a loyal fan base in the anime and manga community and has a long-term stable and objective sales revenue.</p><p><b>According to data from \"Domestic ACG Mobile Game Observation\", the revenue of \"Girls' Frontline\" reached 350 million RMB in 2020. As an anime/manga game that has been online for nearly 5 years, it is truly commendable that it can still achieve this result.</b><img src=\"https://static.tigerbbs.com/c2871469dfc94b8a1c8078ca1953239c\" tg-width=\"1400\" tg-height=\"683\" referrerpolicy=\"no-referrer\">It's worth noting that the development of \"Girls' Frontline\" goes beyond the game itself. Thanks to its loyal fan base, \"Girls' Frontline\" enjoys considerable popularity on Bilibili and has a large amount of derivative content on related themes.</p><p>Player-created content found on Bilibili using the keyword \"Girls' Frontline\" includes game guides, storylines, cosplay, short films, and handwritten animations. For example, the \"Girls' Frontline Newbie Guide\" created by content creator \"Music of Destiny\" has 770,000 views on Bilibili, while the \"Girls' Frontline Short Animation\" created by content creator \"0 Ah Bao 0\" has 480,000 views...<img src=\"https://static.tigerbbs.com/755ef5cee48172ac761e07d4be3c8184\" tg-width=\"1400\" tg-height=\"1007\" referrerpolicy=\"no-referrer\">These secondary creations not only contribute to the Girls' Frontline game community ecosystem and further expand Girls' Frontline's influence in the entire ACG game community, but also provide nourishment for the growth of the Girls' Frontline IP.</p><p><b>Sanbao Network has always attached great importance to the continuous development of the \"Girls' Frontline\" IP.</b></p><p>Based on this IP, the production team launched a series of anime series such as \"Girls' Frontline Humanoid Theater\" and the \"Girls' Frontline\" manga series. In addition, an animated version of \"Girls' Frontline\" is also in production.<img src=\"https://static.tigerbbs.com/772af265107c99a55d010ec871103aa8\" tg-width=\"1399\" tg-height=\"930\" referrerpolicy=\"no-referrer\">It should be noted that these product-based creations have received tremendous support from fans. For example, the anime series \"Girls' Frontline Humanoid Theater\" has 720,000 followers on Bilibili, even surpassing a considerable number of anime series.</p><p>Returning to the gaming level, Sanbao Network has spawned multiple game branches based on the \"Girls' Frontline\" IP. At the 2020 Shaoqian 4th Anniversary Press Conference, the official team announced four new Shaoqian IP games.</p><p>Girls' Front 2: Exile continues the main world view of Girls' Front, with American-style strategy as the core gameplay, combined with a girls' tactical humanoid collection and development mode; \"Girls' Frontline: Cloud Map Project\" is based on the world of the prequel to \"Girls' Frontline\" and combines self-playing chess and Roguelite gameplay.<img src=\"https://static.tigerbbs.com/7836b0f533de2b13b548f2358462d47a\" tg-width=\"1398\" tg-height=\"786\" referrerpolicy=\"no-referrer\">In addition, it includes the pixel-style action puzzle RPG \"Shaoqian: Unpredictable Realm\" and the strategy board game \"Reverse Collapse: Bakery Operation\".</p><p><b>Indeed, Sanbao Network's \"Girls' Frontline\" is growing from a single product into a massive ACG game IP, building a self-circulating brand ecosystem around games, animation, comics and other fields.</b></p><p>This may also be one of the key factors behind Tencent's heavy investment in the explosive growth.</p><p>As mentioned earlier, Tencent's foray into the ACG (Anime, Comics, and Games) game sector is no longer \"news\".</p><p>The difference is that Tencent's early actions in the ACG market focused more on \"comic adaptation\" products, such as the mobile game \"Naruto\", the mobile game \"Saint Seiya\", and the mobile game \"Fox Demon Matchmaker\".<img src=\"https://static.tigerbbs.com/a61f4d5e6836d9c366bb942e733bcfa9\" tg-width=\"1400\" tg-height=\"933\" referrerpolicy=\"no-referrer\"><b>However, in reality, such products are difficult to favor in the core ACG (Anime, Comics, and Games) community, and are not even called \"ACG games.\" They are more likely to be categorized as \"comic book adaptations\" or \"pan-ACG games.\"</b></p><p>It is worth noting that these products also share certain common characteristics, namely, they are often adapted from major animation IPs owned by Tencent or imported from overseas. Leveraging the influence of animation IPs, the product was able to quickly acquire a certain player base and generate high revenue in the early stages of its launch.</p><p>However, comic book adaptations often have many limitations.</p><p>For example, while benefiting from attracting traffic from anime fans, comic book adaptations also face relatively stringent scrutiny from this user base. In addition, comic book adaptation IPs bear the customer acquisition costs of fan customers to some extent.</p><p>Under the dual pressure of fans and KPIs, comic book adaptations have become more conservative in design, and they dare not pursue too much innovation in gameplay, art, and character design.</p><p><b>It should be noted that the core players of \"comic book adaptation mobile games\" and the core users of \"anime and manga games\" are not exactly the same. The former focuses on the faithfulness of the original characters and the gameplay; The latter, on the other hand, is more concerned with the characteristics of the character itself, leaning towards things like \"selling wives,\" \"selling husbands,\" and \"selling personas.\"</b><img src=\"https://static.tigerbbs.com/99211ec1e198324a66e4bfd5190dbb8e\" tg-width=\"1400\" tg-height=\"1165\" referrerpolicy=\"no-referrer\">In other words, Tencent actively invested in comic book adaptation games in its early days, but did not truly penetrate the core circle of anime and manga. It is undeniable that during the rise of the ACG (Anime, Comics, and Games) market, comic book adaptations brought certain benefits to Tencent, but Tencent lacked confidence in its core ACG users.</p><p>For example, Tencent seems to have missed out on Eagle Horn Network's \"Tomorrow's Ark\" in 2019 and miHoYo's \"Genshin Impact\" in 2020. However, these two highly representative anime and manga products have achieved great success.</p><p>Tomorrow's Ark generated nearly 600 million yuan in revenue in its first month, with various captains, commanders, and admirals transforming into \"swordsman towers,\" demonstrating to the market the potential of the anime and manga industry. Genshin Impact achieved a staggering 5 billion yuan in revenue in its first month, becoming a phenomenal product. This has prompted the entire game market to re-examine the \"ACG\" (Anime, Comics, and Games) industry and boosted the confidence of ACG practitioners.<img src=\"https://static.tigerbbs.com/8c65843043751d71d9549c170b93e458\" tg-width=\"1399\" tg-height=\"787\" referrerpolicy=\"no-referrer\"><b>In contrast, Tencent doesn't have many commercially successful ACG games, which has undoubtedly become a major concern for Tencent. This may also be one of the important reasons why Tencent has been making frequent moves in the ACG market since the beginning of 2021.</b></p><p>According to incomplete statistics from the competitive bidding process, as of April 26, Tencent has invested in a total of 8 ACG game development companies this year, and most of these 8 investments involve a 20% stake.<img src=\"https://static.tigerbbs.com/483b57a6f7dfdd13e3ed2980f2217c42\" tg-width=\"1399\" tg-height=\"460\" referrerpolicy=\"no-referrer\">Among them, \"Food Contract\" developed by Fantang Network is a food anthropomorphic mobile game. The game has gained recognition from many anime and manga users with its refreshing Japanese art style and top voice actors. It has a rating of 7.6 on TapTap and 8.1 on Bilibili. This is a niche work in the anime and manga community, but it has received excellent reviews.</p><p>In addition, the Daofeng ACG action mobile game \"Above Qimen\", developed by the IndieLeague independent team (also known as the Independent Developers Alliance), has nearly 300,000 pre-orders on the TapTap platform and a rating as high as 9.2.</p><p>It should be noted that while making external investments, Tencent is also gradually incubating ACG game IPs internally.</p><p>For example, the strategy mobile game \"White Night\"<a href=\"https://laohu8.com/S/JG\">Aurora</a>(under development), female-oriented mobile games such as \"Love of Light and Night\" and \"Walnut Diary\" are all a series of attempts by Tencent in the ACG mobile game industry.</p><p>This time, Tencent's increased stake in the ACG (Anime, Comics, and Games) mobile game industry has gone viral online, although it cannot yet be said that Tencent has firmly established itself in the ACG game sector. It is certain that this will, to a large extent, propel Tencent further in the ACG (Anime, Comics, and Games) field.</p><p>For Sanbao Network, with Tencent's support and ample cash flow, the company naturally has more confidence to make longer-term plans for the development of the Shaoqian IP.<b>。</b></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.tmtpost.com/5238069.html\">竞核</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21a4e0e06a1f0204f61220ba5749751c","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.tmtpost.com/5238069.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172759945","content_text":"“米哈游《崩坏3》兔女郎事件。”\n“腾讯投资《少女前线》开发商散爆网络。”\n这或许就是近段时间，国内二次元游戏领域发生的两件大事了。前者，更多反映的是二次元游戏独特品类，以及二次元玩家特有文化；后者，则聚焦在大厂通过资本手段布局二次元游戏赛道。\n为了避免不必要的麻烦，本文就不再谈“兔女郎事件”，想吃瓜的朋友可以自行搜索。\n4月22日，《少女前线》（简称：少前）开发商散爆网络CEO羽中（黄翀）发布了一则内部信表示，散爆与腾讯正式达成战略合作。腾讯加入后，散爆将继续保持百分百独立开发运营和自主企业经营的模式，并将进一步集中资源着眼于最高品质的游戏创新与制作。\n根据工商信息显示，上海散爆网络发生工商变更，新增股东广西腾讯创业投资有限公司，持股比例20%。交易完成后，腾讯成为上海散爆的第三大股东。其实无论是投资还是自研，腾讯进军二次元游戏领域早就不是什么新鲜事。例如在2016年腾讯就投资了《偶像梦幻祭》研发商乐元素；2021年3月，腾讯自研二次元手游《白夜极光》受到业内外热情关注。\n但腾讯能够投进散爆网络还是让不少人吃了一惊，毕竟像散爆这样有成功核心向二次元游戏研发经验，且在业内破具名气的厂商，还是屈指可数的。\n此外，有媒体报料称，腾讯此次对散爆网络的估值高达几十亿元，超过了此前腾讯所投资的二次元团队。同时，据二次元游戏产业UP主“国产二次元手游观察”猜测，此次腾讯对上散爆网络的投资可能有4个亿之多。\n上述消息一出，在二次元游戏圈层内还是掀起了不小的风波。\n散爆网络究竟何许人也？其所开发《少女前线》又为何能够赢得腾讯的青睐？腾讯对二次元赛道的布局又意图何在？今天，我们就简单聊聊。\n散爆网络成立于2015年，其前身为同人游戏社团云母组，创始人为黄翀（羽中）。\n公司旗下知名产品《少女前线》，是一款二次元风格的战棋策略（枪娘养成）手游。该作自2016年登陆国内市场以来，在Bilibili、TapTap、好游快爆等游戏平台维持着8分以上的评分，拥有着相对稳定的流水和用户群体。同时，《少女前线》海外市场表现也相当成功，曾拿下韩国iOS畅销榜TOP1的位置。\n在二次元手游圈子中，《少女前线》被广大玩家们戏称为“二次元”中坚。这种不成文的说法，某种程度上也反应了少前在二次元手游市场享有不低的声誉和地位。\n从产品设计上来看，《少女前线》主打“枪娘养成”和“战旗策略”。凭借优秀的游戏玩法+品质，该作在二次元圈层中获得了一批忠实的粉丝，长期拥有稳定且客观的营业流水。\n根据“国产二次元手游观察”数据显示，2020年《少女前线》流水高达3.5亿人民币。作为一款已经上线将近5年的二次元游戏，仍能有此成绩实属可贵。值得提出的是，《少女前线》的发展并不止于游戏本身。得益于忠实粉丝群体力量，《少女前线》在B站上享有不小的名气，且拥有大量相关主题二次创作内容。\n在B站上以“少女前线”为关键词搜索出的玩家自发创作内容，包括游戏攻略、剧情解说、cosplay、微电影以及手书动画等。例如UP主“命运の乐章”制作的“少女前线萌新攻略”在B站上拥有77万的点击量，UP主“0啊包0”制作的“少女前线短片动画”点击量48万……这些二次创作内容不仅为《少女前线》游戏社区生态贡献着力量，并进一步扩大了少前在整个二次元游戏圈层中的影响力，同时也为《少女前线》IP成长提供了养料。\n一直以来，散爆网络颇为重视《少女前线》IP的持续发展。\n围绕该IP，制作组推出了系列番剧《少女前线人形小剧场》、《少女前线》系列漫画等。此外，《少女前线》动画版也正在制作之中。需要提出的是，这些脱胎于产品的创作获得粉丝们的极大支持。例如《少女前线人形小剧场》B站追番量高达72w，甚至超过相当一部分动漫番剧。\n回归游戏层面，散爆网络以《少女前线》IP为主心骨，衍生出多个游戏分支。2020年少前四周年发布会上，官方就公布4款少前IP新游。\n《少前2：追放》，延续《少女前线》主世界观，以美式战棋为核心玩法，搭配少女战术人形收集与养成模式；《少前：云图计划》，基于《少女前线》前传世界观，融合自走棋+Roguelite玩法。此外还包括像素风动作解谜RPG《少前：谲境》和策略战棋类游戏《逆向坍塌：面包房行动》。\n诚然，散爆网络《少女前线》正从单一产品成长为一个庞大的二次元游戏IP，围绕游戏、动画、漫画等多为领域筑建起自循环品牌生态。\n这或也是腾讯不惜重金下注散爆的关键因素之一。\n正如文前所说，腾讯布局二次元游戏赛道早已不算“新闻”。\n不同的是，腾讯早期在二次元市场的动作，更多聚焦在“漫改”产品上，例如《火影忍者》手游、《圣斗士星矢》手游、《狐妖小红娘》手游等。然而事实上，这类产品在核心二次元圈层中很难受到青睐，甚至不被称为“二次元游戏”，更多是被划入“漫改游戏”或“泛二次元游戏”范畴。\n值得提出的是，这类产品也有一定共性特征，即往往改编自腾讯自有或海外引入的大动漫IP。凭借动漫IP影响力，产品能够快速获取一定玩家基数，并在上线初期短时间爆发出高流水。\n但漫改游戏往往也存在诸多限制。\n譬如在受益于动漫粉丝引流的同时，漫改游戏也要接受来自这部分用户较为苛刻的检验。此外，漫改IP在一定程度上承担了粉丝客户的获客成本。\n在粉丝和KPI的双重压力下，漫改游戏在设计上也趋于保守化，不敢过多的去追求在玩法上、美术上、人物设计等方面的创新。\n需要指出的是，“漫改手游”核心玩家与“二次元游戏”核心用户并非完全相同。前者注重原作角色还原度，以及游戏玩法；后者则更关心角色本身的特点，偏向于“卖老婆”“卖老公”“卖人设”等。换句话说，腾讯早期积极布局漫改游戏，并未真正渗透到二次元核心圈层。不可否仍的是，在二次元市场上升期，漫改游戏为腾讯带来一定的红利，但真正核心的二次元用户腾讯却缺少把握。\n例如，2019年鹰角网络《明日方舟》和2020年米哈游《原神》，腾讯似乎都与之擦肩而过。然而，这两款极具代表性的二次元产品却取得极大的成功。\n《明日方舟》首月流水近6亿，各种舰长指挥官提督纷纷化身“刀客塔”，向市场印证了二次元赛道的潜力。《原神》首月更是豪取50亿流水，成为一款现象级产品，让整个游戏市场都在开始重新审视“二次元”这个赛道，增强了二次元从业者信心。反观腾讯这边，叫卖又叫座的二次元游戏并不多，这无疑成为了腾讯的一大焦虑。这或也是腾讯进入2021年以来，在二次元市场动作频频的重要原因之一。\n据竞核不完全统计，截至4月26日，腾讯本年度共计投资8家二次元游戏研发公司，且这8笔投资大部分都为持股20%。其中，由番糖网络开发的《食之契约》是一款美食拟人手游，游戏凭借清新的日系画风以及顶级的声优获得了许多二次元用户的认可，TapTap评分7.6、B站评分8.1。这在二次元圈层中属小众但口碑优秀的作品。\n此外，由IndieLeague独立团队(又名独立开发者联盟)开发的道风二次元动作手游《奇门之上》，在TapTap平台拥有近30w的预约，评分更是高达9.2。\n需要提出的是，在对外投资的同时，腾讯内部也在开始逐渐孵化二次元游戏IP。\n譬如战棋类手游《白夜极光》（开发中），女性向手游《光与夜之恋》，《胡桃日记》等，都是腾讯在二次元手游赛道的一系列尝试。\n此番，腾讯增持二次元手游领域的“中坚力量”散爆网络，虽尚不能说腾讯已站稳二次元游戏赛道。可以肯定的是，这在很大程度上能够推动腾讯在二次元赛道上更进一步。\n于散爆网络而言，腾讯加持下公司现金流充足，自然也有更多的底气对少前IP的发展提出更长远的计划。","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":1142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150703897,"gmtCreate":1624926489219,"gmtModify":1703847998766,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150703897","repostId":"1140002900","repostType":4,"isVote":1,"tweetType":1,"viewCount":5645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127857475,"gmtCreate":1624844183497,"gmtModify":1703845956243,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127857475","repostId":"1108579788","repostType":4,"repost":{"id":"1108579788","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":1624842781,"share":"https://ttm.financial/m/news/1108579788?lang=en_US&edition=fundamental","pubTime":"2021-06-28 09:13","market":"other","language":"zh","title":"The Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.","url":"https://stock-news.laohu8.com/highlight/detail?id=1108579788","media":"老虎资讯综合","summary":"6月28日讯，港交所因黑色暴雨警告信号将取消上午时段交易。\n此前，港交所公告称若早上9点仍不能取消天文台发出的黑色暴雨警告，将取消盘前交易。\n香港交易所：由于天文台发出黑色暴雨警告，证券（包括沪深股通","content":"<p>June 28 - The Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.</p><p>Previously, the Hong Kong Stock Exchange announced that if the black rainstorm warning issued by the Observatory could not be lifted by 9 a.m., pre-market trading would be cancelled.</p><p>Hong Kong Stock Exchange: Due to the black rainstorm warning issued by the Observatory, the morning trading hours of securities (including the Shanghai-Shenzhen Stock Connect) and derivatives markets will be delayed. If the black rainstorm warning signal remains in effect at 9 a.m., morning trading will be cancelled.</p><p>Shanghai Stock Exchange: Hong Kong Stock Exchange suspended trading due to black rainstorm. Trading in Hong Kong stocks through the Shanghai-Hong Kong Stock Connect has been suspended.</p><p>Shenzhen Stock Exchange: On June 28, the Hong Kong Stock Exchange suspended trading due to black rainstorm. According to the \"Implementation Measures for the Shenzhen-Hong Kong Stock Connect Business of the Shenzhen Stock Exchange\", trading in Hong Kong stocks under the Shenzhen-Hong Kong Stock Connect is<img src=\"https://static.tigerbbs.com/3990c0a20608d23583a9a9f2cfa0ace3\" tg-width=\"999\" tg-height=\"391\" referrerpolicy=\"no-referrer\"><b>A black rainstorm hit Hong Kong, and Hong Kong stocks were closed this morning. How much do you know about the trading schedule?</b></p><p>On June 28, the Hong Kong Observatory issued a special report at 8:20 a.m. regarding the black rainstorm warning signal: The rainstorm warning signal is currently black, indicating that heavy rainfall exceeding 70 mm per hour has been recorded or is expected in a wide area of Hong Kong, and the rain may continue.<img src=\"https://static.tigerbbs.com/c65808ce9685f3cd97d48ee260a04e71\" tg-width=\"550\" tg-height=\"378\" referrerpolicy=\"no-referrer\">As of 9:00 a.m., the black rainstorm warning had not yet been lifted, and the opening of Hong Kong stock trading in the morning session would be delayed. If it is lifted after 9 a.m., morning trading in Hong Kong stocks will be canceled. If it is lifted between 11:00 and 11:30, trading will begin at 1:30 p.m. If it is lifted between 11:30 and 12:00, trading will begin at 2:00 PM; The market will be lifted after noon and closed for the whole day.<img src=\"https://static.tigerbbs.com/fa2358a6b83c103be2c4404bddf61e1a\" tg-width=\"550\" tg-height=\"296\" referrerpolicy=\"no-referrer\">Due to the frequent occurrence of typhoons and other weather events, trading in the Hong Kong market has been delayed multiple times due to weather factors. Therefore, the Hong Kong Stock Exchange has relatively comprehensive measures in place to cope.</p><p>On August 19, 2020, the Hong Kong stock market was closed in the morning, and the Hong Kong Observatory issued Strong Wind Signal No. 3 at 11:10 a.m. on the 19th. The Hong Kong Stock Exchange subsequently announced that the afternoon trading session would begin at 13:30.</p><p>On August 23, 2017, the Hong Kong Stock Exchange announced in the morning that the morning trading session of the securities market (including the Shanghai-Shenzhen Stock Connect) and derivatives market would be delayed due to the Observatory having issued Typhoon Signal No. 8.</p><p>On October 21, 2016, the Hong Kong Stock Exchange announced that the morning trading session of the securities market (including the Shanghai-Hong Kong Stock Connect) and derivatives market would be delayed due to the Observatory issuing Typhoon Signal No. 8.</p><p>On August 2, 2016, the Hong Kong Stock Exchange announced that Typhoon Warning No. 8 remained in effect, and the morning trading session of the securities market (including the Shanghai-Hong Kong Stock Connect) and derivatives market would be delayed.</p><p>On September 16, 2014, the Hong Kong Stock Exchange announced that the opening of the securities and derivatives markets would be delayed during the morning trading session, after the Hong Kong Observatory had issued Storm Signal No. 8 for Typhoon Kalmaegi.</p><p>In 2013, similar actions were taken several times due to typhoons and heavy rains.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nThe Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.\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\">2021-06-28 09:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 28 - The Hong Kong Stock Exchange will cancel morning trading due to a black rainstorm warning signal.</p><p>Previously, the Hong Kong Stock Exchange announced that if the black rainstorm warning issued by the Observatory could not be lifted by 9 a.m., pre-market trading would be cancelled.</p><p>Hong Kong Stock Exchange: Due to the black rainstorm warning issued by the Observatory, the morning trading hours of securities (including the Shanghai-Shenzhen Stock Connect) and derivatives markets will be delayed. If the black rainstorm warning signal remains in effect at 9 a.m., morning trading will be cancelled.</p><p>Shanghai Stock Exchange: Hong Kong Stock Exchange suspended trading due to black rainstorm. Trading in Hong Kong stocks through the Shanghai-Hong Kong Stock Connect has been suspended.</p><p>Shenzhen Stock Exchange: On June 28, the Hong Kong Stock Exchange suspended trading due to black rainstorm. According to the \"Implementation Measures for the Shenzhen-Hong Kong Stock Connect Business of the Shenzhen Stock Exchange\", trading in Hong Kong stocks under the Shenzhen-Hong Kong Stock Connect is<img src=\"https://static.tigerbbs.com/3990c0a20608d23583a9a9f2cfa0ace3\" tg-width=\"999\" tg-height=\"391\" referrerpolicy=\"no-referrer\"><b>A black rainstorm hit Hong Kong, and Hong Kong stocks were closed this morning. How much do you know about the trading schedule?</b></p><p>On June 28, the Hong Kong Observatory issued a special report at 8:20 a.m. regarding the black rainstorm warning signal: The rainstorm warning signal is currently black, indicating that heavy rainfall exceeding 70 mm per hour has been recorded or is expected in a wide area of Hong Kong, and the rain may continue.<img src=\"https://static.tigerbbs.com/c65808ce9685f3cd97d48ee260a04e71\" tg-width=\"550\" tg-height=\"378\" referrerpolicy=\"no-referrer\">As of 9:00 a.m., the black rainstorm warning had not yet been lifted, and the opening of Hong Kong stock trading in the morning session would be delayed. If it is lifted after 9 a.m., morning trading in Hong Kong stocks will be canceled. If it is lifted between 11:00 and 11:30, trading will begin at 1:30 p.m. If it is lifted between 11:30 and 12:00, trading will begin at 2:00 PM; The market will be lifted after noon and closed for the whole day.<img src=\"https://static.tigerbbs.com/fa2358a6b83c103be2c4404bddf61e1a\" tg-width=\"550\" tg-height=\"296\" referrerpolicy=\"no-referrer\">Due to the frequent occurrence of typhoons and other weather events, trading in the Hong Kong market has been delayed multiple times due to weather factors. Therefore, the Hong Kong Stock Exchange has relatively comprehensive measures in place to cope.</p><p>On August 19, 2020, the Hong Kong stock market was closed in the morning, and the Hong Kong Observatory issued Strong Wind Signal No. 3 at 11:10 a.m. on the 19th. The Hong Kong Stock Exchange subsequently announced that the afternoon trading session would begin at 13:30.</p><p>On August 23, 2017, the Hong Kong Stock Exchange announced in the morning that the morning trading session of the securities market (including the Shanghai-Shenzhen Stock Connect) and derivatives market would be delayed due to the Observatory having issued Typhoon Signal No. 8.</p><p>On October 21, 2016, the Hong Kong Stock Exchange announced that the morning trading session of the securities market (including the Shanghai-Hong Kong Stock Connect) and derivatives market would be delayed due to the Observatory issuing Typhoon Signal No. 8.</p><p>On August 2, 2016, the Hong Kong Stock Exchange announced that Typhoon Warning No. 8 remained in effect, and the morning trading session of the securities market (including the Shanghai-Hong Kong Stock Connect) and derivatives market would be delayed.</p><p>On September 16, 2014, the Hong Kong Stock Exchange announced that the opening of the securities and derivatives markets would be delayed during the morning trading session, after the Hong Kong Observatory had issued Storm Signal No. 8 for Typhoon Kalmaegi.</p><p>In 2013, similar actions were taken several times due to typhoons and heavy rains.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/26e574706ced777ba0af741c0072c424","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108579788","content_text":"6月28日讯，港交所因黑色暴雨警告信号将取消上午时段交易。\n此前，港交所公告称若早上9点仍不能取消天文台发出的黑色暴雨警告，将取消盘前交易。\n香港交易所：由于天文台发出黑色暴雨警告，证券（包括沪深股通）及衍生产品市场之早上交易时段均会延迟开市。如果上午9点黑色暴雨警告信号仍维持，上午交易将取消。\n上交所：香港联合证券交易所因黑色暴雨暂停交易。沪港通下港股通暂停交易。\n深交所：6月28日，香港联合证券交易所因黑色暴雨暂停交易。根据《深圳证券交易所深港通业务实施办法》，深港通下的港股通暂停交易。香港黑色暴雨来袭，港股上午休市，交易安排知多少？\n6月28日消息，香港天文台在上午8时20分发出之有关黑色暴雨警告信号的特别报告：暴雨警告信号现时为黑色，表示香港广泛地区已录得或预料会有每小时雨量超过70毫米的豪雨，且雨势可能持续。截至上午9点，黑色暴雨警告尚未解除，港股早盘交易将延迟开市。如果上午9点以后解除，港股早盘交易将取消。如果11点至11点30分解除，下午1点30开始交易；如果11点30分到12点解除，下午2点开始交易；中午12点后解除，全天休市。由于台风等天气出现频繁，香港市场已多次因天气因素影响而延迟交易，因此，港交所应对措施也较为完善。\n2020年8月19日，香港股市早盘休市，香港天文台19日上午11时10分改发三号强风信号。港交所随后宣布，下午交易时段将于13：30时开始。\n2017年8月23日，港交所于早间宣布，由于天文台现已发出八号台风信号，证券市场 (包括沪深股通) 及衍生产品市场的上午交易时段会延迟开市。\n2016年10月21日，港交所表示，由于天文台现已发出八号台风信号，证券市场 (包括沪股通) 及衍生产品市场之上午交易时段会延迟开市。\n2016年8月2日，港交所公告显示，八号风球预警仍然有效，证券市场 (包括沪股通) 及衍生产品市场之上午交易时段会延迟开市。\n2014年9月16日，港交所宣布，证券及衍生品市场早上交易时段均会延迟开市，此前香港天文台已针对台风“海鸥”发出八号暴风风球信号。\n2013年，也有数次因为台风和暴雨采取类似的行动。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4757,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162646391,"gmtCreate":1624063077213,"gmtModify":1703827830107,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/162646391","repostId":"1146581762","repostType":4,"repost":{"id":"1146581762","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":1624032367,"share":"https://ttm.financial/m/news/1146581762?lang=en_US&edition=fundamental","pubTime":"2021-06-19 00:06","market":"us","language":"zh","title":"JD.com released its final 618 shopping festival sales report: cumulative orders exceeded 343.8 billion yuan.","url":"https://stock-news.laohu8.com/highlight/detail?id=1146581762","media":"老虎资讯综合","summary":"北京时间6月19日凌晨消息，京东发布618最终战报：2021年6月1日0时至6月18日24时，2021“京东618，18周年庆”累计下单金额超3438亿元，创下新的纪录！\n这是给消费者带来最佳体验的最","content":"<p>Early morning news on June 19th, Beijing time<a href=\"https://laohu8.com/S/JD\">JD.com</a>The final sales report for the 618 shopping festival has been released: From 00:00 on June 1, 2021 to 24:00 on June 18, 2021, the cumulative order amount for the 2021 \"JD.com 618, 18th Anniversary Celebration\" exceeded 343.8 billion yuan, setting a new record!</p><p>This is the best proof of bringing the best experience to consumers; It is also the best achievement in creating a favorable operating environment and providing numerous support measures to help partners achieve strong growth; It is also the best embodiment of contributing to rural revitalization, promoting employment, reducing carbon emissions, and creating more value for society.</p><p><img src=\"https://static.tigerbbs.com/4bdbbcff030412e8bba7e0b9f389964c\" tg-width=\"630\" tg-height=\"283\" 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>JD.com released its final 618 shopping festival sales report: cumulative orders exceeded 343.8 billion yuan.</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; 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}\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 released its final 618 shopping festival sales report: cumulative orders exceeded 343.8 billion yuan.\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\">2021-06-19 00:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Early morning news on June 19th, Beijing time<a href=\"https://laohu8.com/S/JD\">JD.com</a>The final sales report for the 618 shopping festival has been released: From 00:00 on June 1, 2021 to 24:00 on June 18, 2021, the cumulative order amount for the 2021 \"JD.com 618, 18th Anniversary Celebration\" exceeded 343.8 billion yuan, setting a new record!</p><p>This is the best proof of bringing the best experience to consumers; It is also the best achievement in creating a favorable operating environment and providing numerous support measures to help partners achieve strong growth; It is also the best embodiment of contributing to rural revitalization, promoting employment, reducing carbon emissions, and creating more value for society.</p><p><img src=\"https://static.tigerbbs.com/4bdbbcff030412e8bba7e0b9f389964c\" tg-width=\"630\" tg-height=\"283\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4bdbbcff030412e8bba7e0b9f389964c","relate_stocks":{"JD":"京东","QNETCN":"纳斯达克中美互联网老虎指数","09618":"京东集团-SW"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146581762","content_text":"北京时间6月19日凌晨消息，京东发布618最终战报：2021年6月1日0时至6月18日24时，2021“京东618，18周年庆”累计下单金额超3438亿元，创下新的纪录！\n这是给消费者带来最佳体验的最好印证；也是创造良好运营环境以及大量帮扶措施，帮助合作伙伴实现强劲增长的最好成果；更是助力乡村振兴、促进就业、降低碳排放，为社会创造更多价值的最好体现。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"JD":0.9,"09618":0.9}},"isVote":1,"tweetType":1,"viewCount":1402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187005169,"gmtCreate":1623728291451,"gmtModify":1704209759673,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187005169","repostId":"1112473662","repostType":4,"repost":{"id":"1112473662","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":1623721000,"share":"https://ttm.financial/m/news/1112473662?lang=en_US&edition=fundamental","pubTime":"2021-06-15 09:36","market":"us","language":"zh","title":"Times Angel's single-lot success rate is 1.5%; subscribing to 750 lots guarantees one lot.","url":"https://stock-news.laohu8.com/highlight/detail?id=1112473662","media":"老虎资讯综合","summary":"6月15日消息，本周二时代天使发布公告，公司发行1682.96万股股份，每股定价173港元，每手200股，预期将于6月16日上市。\n公开发售阶段时代天使获2079.16倍认购，分配至公开发售的发售股份","content":"<p>June 15th news, this Tuesday<a href=\"https://laohu8.com/S/06699\">Times Angel</a>The company issued an announcement stating that it will issue 16.8296 million shares at a price of HK$173 per share, with 200 shares per lot, and is expected to be listed on June 16.</p><p>During the public offering phase, Times Angel was subscribed 2,079.16 times, and the final number of offer shares allocated to the public offering was 8,414,800 shares, accounting for 50% of the total number of offer shares (before any over-allotment option was exercised). A total of 792,388 valid applications were received, with a single-lot success rate of 1.5%, and one lot was guaranteed to be won after subscribing to 750 lots.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 8.4148 million (excluding over-allocated shares), equivalent to 50% of the total number of shares offered. The relevant data compiled by Tiger News is shown in the table below:<img src=\"https://static.tigerbbs.com/59668ed8a0d3f43ea5d4bac2319b2d55\" tg-width=\"701\" tg-height=\"589\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>Each lot contains 200 shares, with an entry fee of HK$34,948.66. The winning rate for one lot is 1.5%, and subscribing to 750 lots guarantees one lot.</p><p>The threshold for Group B is 30,000 shares, and the funds required for subscription are approximately HK$5,242,299.63.<img src=\"https://static.tigerbbs.com/ba283b41439eead634c95e73e52b3b68\" tg-width=\"1110\" tg-height=\"808\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/6251941867d64b573d06a4dc4f827636\" tg-width=\"573\" tg-height=\"700\" referrerpolicy=\"no-referrer\"></p><p>It is understood that the company is a leading provider of invisible orthodontic solutions in China. According to a report by Frost & Sullivan, China's invisible orthodontic solutions market is highly concentrated. Measured by cases completed in 2020, the top two market participants accounted for a combined market share of 82.4%. According to the same data, the company's market share in the same year was approximately 41.0%.</p><p>During the Track Record Period, the number of dentists served by the Company increased from approximately 11,500 in 2018 to approximately 15,800 in 2019, and further to 19,900 in 2020. The number of cases completed by the company increased from approximately 77,700 in 2018 to approximately 120,100 in 2019, and further to 137,600 in 2020.</p><p>In terms of financial position, the company's revenue was RMB 488 million, RMB 646 million and RMB 817 million in 2018, 2019 and 2020, respectively, with a compound annual growth rate of 29.26% from 2018 to 2020; Net profits were RMB 58.2 million, RMB 67.7 million, and RMB 151 million, respectively, with a compound annual growth rate of 61.07% from 2018 to 2020. Adjusted EBITDA (non-IFRS measured) for the same periods was RMB129 million, RMB175 million and RMB297 million, respectively.</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>Times Angel's single-lot success rate is 1.5%; subscribing to 750 lots guarantees one lot.</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\">\nTimes Angel's single-lot success rate is 1.5%; subscribing to 750 lots guarantees one lot.\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\">2021-06-15 09:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 15th news, this Tuesday<a href=\"https://laohu8.com/S/06699\">Times Angel</a>The company issued an announcement stating that it will issue 16.8296 million shares at a price of HK$173 per share, with 200 shares per lot, and is expected to be listed on June 16.</p><p>During the public offering phase, Times Angel was subscribed 2,079.16 times, and the final number of offer shares allocated to the public offering was 8,414,800 shares, accounting for 50% of the total number of offer shares (before any over-allotment option was exercised). A total of 792,388 valid applications were received, with a single-lot success rate of 1.5%, and one lot was guaranteed to be won after subscribing to 750 lots.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 8.4148 million (excluding over-allocated shares), equivalent to 50% of the total number of shares offered. The relevant data compiled by Tiger News is shown in the table below:<img src=\"https://static.tigerbbs.com/59668ed8a0d3f43ea5d4bac2319b2d55\" tg-width=\"701\" tg-height=\"589\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>Each lot contains 200 shares, with an entry fee of HK$34,948.66. The winning rate for one lot is 1.5%, and subscribing to 750 lots guarantees one lot.</p><p>The threshold for Group B is 30,000 shares, and the funds required for subscription are approximately HK$5,242,299.63.<img src=\"https://static.tigerbbs.com/ba283b41439eead634c95e73e52b3b68\" tg-width=\"1110\" tg-height=\"808\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/6251941867d64b573d06a4dc4f827636\" tg-width=\"573\" tg-height=\"700\" referrerpolicy=\"no-referrer\"></p><p>It is understood that the company is a leading provider of invisible orthodontic solutions in China. According to a report by Frost & Sullivan, China's invisible orthodontic solutions market is highly concentrated. Measured by cases completed in 2020, the top two market participants accounted for a combined market share of 82.4%. According to the same data, the company's market share in the same year was approximately 41.0%.</p><p>During the Track Record Period, the number of dentists served by the Company increased from approximately 11,500 in 2018 to approximately 15,800 in 2019, and further to 19,900 in 2020. The number of cases completed by the company increased from approximately 77,700 in 2018 to approximately 120,100 in 2019, and further to 137,600 in 2020.</p><p>In terms of financial position, the company's revenue was RMB 488 million, RMB 646 million and RMB 817 million in 2018, 2019 and 2020, respectively, with a compound annual growth rate of 29.26% from 2018 to 2020; Net profits were RMB 58.2 million, RMB 67.7 million, and RMB 151 million, respectively, with a compound annual growth rate of 61.07% from 2018 to 2020. Adjusted EBITDA (non-IFRS measured) for the same periods was RMB129 million, RMB175 million and RMB297 million, respectively.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{"06699":"时代天使"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112473662","content_text":"6月15日消息，本周二时代天使发布公告，公司发行1682.96万股股份，每股定价173港元，每手200股，预期将于6月16日上市。\n公开发售阶段时代天使获2079.16倍认购，分配至公开发售的发售股份最终数目为841.48万股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获792388份有效申请，一手中签率1.5%，认购750手稳中一手。\n此外，国际发售获大幅超额认购，发售股份最终数目为841.48万股（不包括超额分配股份），相当于发售股份总数的50%。老虎资讯整理相关数据如下表：申购阶梯：\n每手200股，入场费34948.66港元。一手中签率1.5%，认购750手稳中一手。\n乙组门槛为3万股，申购所需资金约5242299.63港元。\n据悉，公司是中国领先的隐形矫治解决方案提供商。根据灼识咨询报告，中国的隐形矫治解决方案市场高度集中，按2020年的达成案例计量，前两大市场参与者的市场占有率总计为82.4%。据同一份资料显示，公司于同年的市场份额为约41.0%。\n于业绩纪录期，公司服务的牙科医生人数由2018年的约1.15万名增至2019年的约1.58万名，并进一步增至2020年的1.99万名。公司的达成案例由2018年的约7.77万个增至2019年的约12.01万个，并进一步增至2020年的13.76万个。\n财务状况方面，于2018年、2019年及2020年，公司的收入分别为人民币4.88亿元、6.46亿元及8.17亿元，2018~2020年的复合增长率达29.26%；净利润分别为5820万元、6770万元及1.51亿元，2018~2020年的复合增长率达61.07%；同期经调整EBITDA（非国际财务报告准则计量）分别为1.29亿元、1.75亿元及2.97亿元。","news_type":1,"symbols_score_info":{"06699":0.9}},"isVote":1,"tweetType":1,"viewCount":1358,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3585184333223271","authorId":"3585184333223271","name":"IR940520","avatar":"https://static.tigerbbs.com/2b7206c8999bfe24ae975805aef50f5c","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3585184333223271","idStr":"3585184333223271"},"content":"Like and reply pls?","text":"Like and reply pls?","html":"Like and reply pls?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192244597,"gmtCreate":1621213491419,"gmtModify":1704353970676,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192244597","repostId":"2136936982","repostType":4,"isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167462829,"gmtCreate":1624282693861,"gmtModify":1703832359111,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","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/167462829","repostId":"1167576320","repostType":4,"repost":{"id":"1167576320","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":1624282140,"share":"https://ttm.financial/m/news/1167576320?lang=en_US&edition=fundamental","pubTime":"2021-06-21 21:29","market":"us","language":"zh","title":"Opening: US stocks opened higher across the board, with most US infrastructure concepts rising.","url":"https://stock-news.laohu8.com/highlight/detail?id=1167576320","media":"老虎资讯综合","summary":"6月21日（周一），道琼斯指数开盘上涨231.15点，涨幅0.69%，报33521.23点；纳斯达克综合指数开盘上涨29.05点，涨幅0.21%，报14059.42点；标普500指数开盘上涨20.07","content":"<p>On Monday, June 21, the Dow Jones Industrial Average opened 231.15 points higher, or 0.69%, at 33,521.23. The Nasdaq Composite Index opened up 29.05 points, or 0.21%, at 14,059.42. The S&P 500 opened up 20.07 points, or 0.48%, at 4,186.52.</p><p><img src=\"https://static.tigerbbs.com/8737771515cfb344cbc10cfa8fecbe51\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>U.S. infrastructure stocks rose in early trading.<a href=\"https://laohu8.com/S/X\">American Steel</a>Up 3.65%<a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>Up 2.38%<a href=\"https://laohu8.com/S/OSN\">Aosheng Innovation</a>It rose 1.74%.</p><p>Most blockchain stocks declined.<a href=\"https://laohu8.com/S/BTCM\">Bit Mining</a>Down more than 9%<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Down more than 8%<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Riot Blockchain fell more than 4%, and Riot Blockchain fell more than 3%. previously<a href=\"https://laohu8.com/S/601398\">Industrial and Commercial Bank</a>、<a href=\"https://laohu8.com/S/601288\">Agricultural bank</a>、<a href=\"https://laohu8.com/S/601939\">CCB</a>Alipay (China) and others have issued announcements banning the transaction of virtual currencies such as Bitcoin.</p><p>Chinese education stocks listed in the US generally fell.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It fell more than 5%.<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It fell more than 3%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It fell 2.39%.</p><p>U.S. new energy vehicle stocks fell.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell 6.65%.<a href=\"https://laohu8.com/S/FSR\">fisherman</a>It fell 4.25%.<a href=\"https://laohu8.com/S/TSP\">Tucson Future</a>It fell 3.8%.<a href=\"https://laohu8.com/S/NKLA\">Nicholas</a>It fell 3.57%.<a href=\"https://laohu8.com/S/NIO\">Nio Automotive</a>It fell 3.2%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NIU\">Niu Electric</a>It fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/LDL\">Leidel</a>Clearlake Capital's high-performance specialty materials supplier Unifrax, which surged over 80%, will be acquired for $62.10 per share.<a href=\"https://laohu8.com/S/LDL\">Leidel</a>。</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: US stocks opened higher across the board, with most US infrastructure concepts rising.</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: US stocks opened higher across the board, with most US infrastructure concepts rising.\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\">2021-06-21 21:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Monday, June 21, the Dow Jones Industrial Average opened 231.15 points higher, or 0.69%, at 33,521.23. The Nasdaq Composite Index opened up 29.05 points, or 0.21%, at 14,059.42. The S&P 500 opened up 20.07 points, or 0.48%, at 4,186.52.</p><p><img src=\"https://static.tigerbbs.com/8737771515cfb344cbc10cfa8fecbe51\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>U.S. infrastructure stocks rose in early trading.<a href=\"https://laohu8.com/S/X\">American Steel</a>Up 3.65%<a href=\"https://laohu8.com/S/CAT\">Caterpillar</a>Up 2.38%<a href=\"https://laohu8.com/S/OSN\">Aosheng Innovation</a>It rose 1.74%.</p><p>Most blockchain stocks declined.<a href=\"https://laohu8.com/S/BTCM\">Bit Mining</a>Down more than 9%<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Down more than 8%<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Riot Blockchain fell more than 4%, and Riot Blockchain fell more than 3%. previously<a href=\"https://laohu8.com/S/601398\">Industrial and Commercial Bank</a>、<a href=\"https://laohu8.com/S/601288\">Agricultural bank</a>、<a href=\"https://laohu8.com/S/601939\">CCB</a>Alipay (China) and others have issued announcements banning the transaction of virtual currencies such as Bitcoin.</p><p>Chinese education stocks listed in the US generally fell.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It fell more than 5%.<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It fell more than 3%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It fell 2.39%.</p><p>U.S. new energy vehicle stocks fell.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It fell 6.65%.<a href=\"https://laohu8.com/S/FSR\">fisherman</a>It fell 4.25%.<a href=\"https://laohu8.com/S/TSP\">Tucson Future</a>It fell 3.8%.<a href=\"https://laohu8.com/S/NKLA\">Nicholas</a>It fell 3.57%.<a href=\"https://laohu8.com/S/NIO\">Nio Automotive</a>It fell 3.2%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NIU\">Niu Electric</a>It fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/LDL\">Leidel</a>Clearlake Capital's high-performance specialty materials supplier Unifrax, which surged over 80%, will be acquired for $62.10 per share.<a href=\"https://laohu8.com/S/LDL\">Leidel</a>。</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","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":"1167576320","content_text":"6月21日（周一），道琼斯指数开盘上涨231.15点，涨幅0.69%，报33521.23点；纳斯达克综合指数开盘上涨29.05点，涨幅0.21%，报14059.42点；标普500指数开盘上涨20.07点，涨幅0.48%，报4186.52点。\n\n美国基建股盘初走强，美国钢铁涨3.65%，卡特彼勒涨2.38%，奥盛创新涨1.74%。\n区块链股多数下挫，比特矿业跌超9%、亿邦国际跌超8%、嘉楠科技跌超4%、Riot Blockchain跌超3%。此前工商银行、农业银行、建设银行、支付宝（中国）等纷纷发表公告禁止开展比特币等虚拟货币交易。\n中概教育股普跌，好未来跌超5%，新东方跌超3%，高途跌2.39%。\n美股新能源车股走低，小鹏汽车跌6.65%，Fisker跌4.25%，图森未来跌3.8%，Nikola跌3.57%，蔚来汽车跌3.2%，理想汽车、小牛电动跌超2%。\n莱德尔大涨超80%， Clearlake Capital旗下高性能特种材料供应商Unifrax将以以62.10美元/股的价格收购莱德尔。","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160736506,"gmtCreate":1623806157605,"gmtModify":1703819954014,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","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/160736506","repostId":"2143568766","repostType":4,"repost":{"id":"2143568766","kind":"highlight","pubTimestamp":1623802776,"share":"https://ttm.financial/m/news/2143568766?lang=en_US&edition=fundamental","pubTime":"2021-06-16 08:19","market":"us","language":"zh","title":"Are US Treasury yields falling instead of rising? It is precisely because of concerns about a slowdown in economic recovery!","url":"https://stock-news.laohu8.com/highlight/detail?id=2143568766","media":"智通财经网","summary":"上周美国十年期国债收益率出现了10个基点的下跌，从1.55%跌至1.45%。","content":"<p>The market's performance has been rather unusual over the past week.</p><p>The U.S. unadjusted CPI released last Thursday rose 5% year-on-year in May, while the unadjusted core CPI rose 3.8% year-on-year. May inflation data once again significantly exceeded market expectations. Logically speaking, an unexpected rise in inflation would trigger panic about runaway inflation. To cope with soaring inflation, the investment logic should be to sell long-term bonds and buy short-term bonds or inflation-resistant assets. However, we saw the US 10-year Treasury Bond yield fall by 10 basis points last week, from 1.55% to 1.45%.<img src=\"https://static.tigerbbs.com/4654db4938c8f07b6f32b6ebe2321fed\" tg-width=\"646\" tg-height=\"312\" referrerpolicy=\"no-referrer\">One market view is that the Federal Reserve has consistently claimed that rising inflation is only temporary, and the market chose to believe this claim after the May inflation data was released. As a result, the yield on the 10-year Treasury Bond fell.</p><p>This logic has two flaws. First, why did the market only believe the Federal Reserve's so-called temporary claims when inflation rose to its highest level since 1992? The US PPI month-on-month rate for May, released today, remained as high as 0.8%. Production costs and prices are still rising sharply, which is very likely to be passed on to consumers in a few months, further driving up inflation. Energy prices continue to rise due to the imbalance between supply and demand.<img src=\"https://static.tigerbbs.com/8a7ab5ab46f63db0150ab995ef861ed6\" tg-width=\"746\" tg-height=\"266\" referrerpolicy=\"no-referrer\">Before the pandemic, the total number of oil rigs in the United States was nearly 800. The outbreak of the pandemic led to an extremely sluggish demand, and a large number of rigs were forced to close. At its lowest point, the number of rigs was only 172. With the pandemic under control and economic activity gradually recovering, the number of wells drilled has now recovered to 365, which is still less than half of what it was before the pandemic. This means that even if demand does not increase compared to before the pandemic, only a partial recovery of demand will drive up oil prices due to insufficient supply. This is actually a typical example of the supply chain bottleneck problem mentioned by the Federal Reserve.</p><p>The current price increase is mainly due to supply chain bottlenecks, rather than a significant increase in demand. However, supply chain bottlenecks are unlikely to be effectively resolved in the short term. Especially when the market lacks confidence in the demand side, it is even less willing to invest heavily in the supply side.</p><p>Secondly, why does the US 10-year Treasury Bond yield demand lower returns when inflation soars? The 10-year Treasury Bond yield in the United States can be roughly understood as the market's risk-free investment yield. Since the risk is extremely low, the return cannot be too high. Any other riskier investment would theoretically require higher returns than the US Treasury Bond. The lower bound of the 10-year Treasury Bond yield is usually anchored to the inflation level. If the yield is lower than inflation, investing in US Treasury Bond is a negative return.</p><p>Therefore, in a normal economic environment, the U.S. 10-year Treasury Bond yield will always fluctuate positively above the inflation level. With lower inflation expectations, the yield on US 10-year Treasury bonds can certainly fall, but it is more likely that the expected decline in inflation will prevent it from supporting higher Treasury Bond yields. For example, in October 2018, the yield on 10 US Treasury bonds fell significantly from 3%. At the time, the core PCE price index was at 2%, but it was difficult to rise, and the market expected inflation to decline. Currently, the yield on 10 US Treasury bonds is less than 1.6%, while the core PCE price index exceeds 3%. The yield on the US 10 Treasury bond is far lower than core inflation. Even if inflation is expected to decline, there is no reason for the yield on the US 10 Treasury to accept actual negative investment returns without complaint.</p><p>Under what circumstances would investors disregard returns and still embrace US Treasury bonds? The answer is risk aversion. This risk may not be a certain risk, but rather an uncertainty about the economic outlook. I've read some articles interpreting recent market trends, and they barely mention this point. Furthermore, some information that has been overlooked by the market, when put together, completes the puzzle and becomes clearer. In fact, the yield on 10 US Treasury bonds did not fall only after the inflation data was released. Following the release of the weaker-than-expected non-farm payroll data on June 4, the yield on 10 US Treasury bonds began to fall.</p><p>Before the inflation data was released, the White House said Biden's negotiations with Republican lawmakers on a fiscal stimulus bill had failed. At this point, the yield on US Ten-year Treasury bonds had already begun to fall. In May, Biden introduced two family and infrastructure stimulus bills totaling $4 trillion. The plan is to raise part of the funds through tax increases. Republicans, who strongly oppose tax increases, are unlikely to readily allow Democrats to raise the U.S. debt ceiling.</p><p>This creates a major problem for Biden. No matter how good the plan is, the question is, where will the money come from? The actual scale of the discussions between the two sides was pitifully small. This has raised concerns in the market: if the massive fiscal stimulus package fails to materialize, will the US economy be able to live up to previous high growth expectations? The market expects US GDP growth of 6.5-7% in 2021 and above 3% in 2022, supported by both the Federal Reserve's ultra-loose monetary policy and the Biden administration's massive fiscal stimulus.</p><p>Just last week, not only did the $4 trillion fiscal stimulus meet with obstacles, but higher-than-expected inflation also led the market to worry about whether the Federal Reserve might tighten monetary policy sooner. If monetary and fiscal policies shift simultaneously from dual expansion, it will definitely deal a huge blow to the prospects for economic recovery. I believe that it is precisely because of concerns that the economic recovery may slow down that the yield on US Ten-year Treasury bonds has experienced an incredible decline. It was not because of declining inflation expectations that the yield on US Ten-year Treasury bonds continued to fall at a level far below inflation.</p><p>At the same time, we saw that the yield on the US 2-year Treasury Bond rose instead of falling, and the yield curve formed by the US 10-year Treasury and the US 2-year Treasury slowed significantly. A flattening yield curve usually means that economic development is slowing down.<img src=\"https://static.tigerbbs.com/4c3d3f187b598fa25bb57151cb6679e4\" tg-width=\"552\" tg-height=\"294\" referrerpolicy=\"no-referrer\">As mentioned in previous articles, if the US economy recovers strongly, the main beneficiaries will be resource-exporting countries such as Australia and New Zealand. Just last week, Australia's 10-year Treasury Bond yield fell 22 basis points, and New Zealand's 10-year Treasury Bond yield fell 20 basis points. The convergence of the 10-year and 2-year Treasury Bond yield spreads in both countries exceeded 15 basis points, a more pronounced convergence than in the United States.<img src=\"https://static.tigerbbs.com/f0b67550b4587bc02a2cd399902a8f89\" tg-width=\"553\" tg-height=\"310\" referrerpolicy=\"no-referrer\">This further confirms market concerns that the US economic recovery will slow down.</p><p>However, this concern is still in the \"emotional\" stage. Because the Federal Reserve may not release a hawkish message at this week's interest rate meeting as the market expects. Biden's $4 trillion fiscal stimulus bill is not entirely impossible. When it is confirmed that these two taps will not be tightened, these concerns will quickly dissipate, and the market will return to the path of recovery expectations. We need to pay attention to some data that represent economic growth potential, such as whether the PMI data still maintains a strong expansion trend. The June interest rate meeting is very important, and I will write a preview of the meeting tomorrow.</p>","source":"highlight_zhitongcaijin","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>Are US Treasury yields falling instead of rising? 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It is precisely because of concerns about a slowdown in economic recovery!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-06-16 08:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The market's performance has been rather unusual over the past week.</p><p>The U.S. unadjusted CPI released last Thursday rose 5% year-on-year in May, while the unadjusted core CPI rose 3.8% year-on-year. May inflation data once again significantly exceeded market expectations. Logically speaking, an unexpected rise in inflation would trigger panic about runaway inflation. To cope with soaring inflation, the investment logic should be to sell long-term bonds and buy short-term bonds or inflation-resistant assets. However, we saw the US 10-year Treasury Bond yield fall by 10 basis points last week, from 1.55% to 1.45%.<img src=\"https://static.tigerbbs.com/4654db4938c8f07b6f32b6ebe2321fed\" tg-width=\"646\" tg-height=\"312\" referrerpolicy=\"no-referrer\">One market view is that the Federal Reserve has consistently claimed that rising inflation is only temporary, and the market chose to believe this claim after the May inflation data was released. As a result, the yield on the 10-year Treasury Bond fell.</p><p>This logic has two flaws. First, why did the market only believe the Federal Reserve's so-called temporary claims when inflation rose to its highest level since 1992? The US PPI month-on-month rate for May, released today, remained as high as 0.8%. Production costs and prices are still rising sharply, which is very likely to be passed on to consumers in a few months, further driving up inflation. Energy prices continue to rise due to the imbalance between supply and demand.<img src=\"https://static.tigerbbs.com/8a7ab5ab46f63db0150ab995ef861ed6\" tg-width=\"746\" tg-height=\"266\" referrerpolicy=\"no-referrer\">Before the pandemic, the total number of oil rigs in the United States was nearly 800. The outbreak of the pandemic led to an extremely sluggish demand, and a large number of rigs were forced to close. At its lowest point, the number of rigs was only 172. With the pandemic under control and economic activity gradually recovering, the number of wells drilled has now recovered to 365, which is still less than half of what it was before the pandemic. This means that even if demand does not increase compared to before the pandemic, only a partial recovery of demand will drive up oil prices due to insufficient supply. This is actually a typical example of the supply chain bottleneck problem mentioned by the Federal Reserve.</p><p>The current price increase is mainly due to supply chain bottlenecks, rather than a significant increase in demand. However, supply chain bottlenecks are unlikely to be effectively resolved in the short term. Especially when the market lacks confidence in the demand side, it is even less willing to invest heavily in the supply side.</p><p>Secondly, why does the US 10-year Treasury Bond yield demand lower returns when inflation soars? The 10-year Treasury Bond yield in the United States can be roughly understood as the market's risk-free investment yield. Since the risk is extremely low, the return cannot be too high. Any other riskier investment would theoretically require higher returns than the US Treasury Bond. The lower bound of the 10-year Treasury Bond yield is usually anchored to the inflation level. If the yield is lower than inflation, investing in US Treasury Bond is a negative return.</p><p>Therefore, in a normal economic environment, the U.S. 10-year Treasury Bond yield will always fluctuate positively above the inflation level. With lower inflation expectations, the yield on US 10-year Treasury bonds can certainly fall, but it is more likely that the expected decline in inflation will prevent it from supporting higher Treasury Bond yields. For example, in October 2018, the yield on 10 US Treasury bonds fell significantly from 3%. At the time, the core PCE price index was at 2%, but it was difficult to rise, and the market expected inflation to decline. Currently, the yield on 10 US Treasury bonds is less than 1.6%, while the core PCE price index exceeds 3%. The yield on the US 10 Treasury bond is far lower than core inflation. Even if inflation is expected to decline, there is no reason for the yield on the US 10 Treasury to accept actual negative investment returns without complaint.</p><p>Under what circumstances would investors disregard returns and still embrace US Treasury bonds? The answer is risk aversion. This risk may not be a certain risk, but rather an uncertainty about the economic outlook. I've read some articles interpreting recent market trends, and they barely mention this point. Furthermore, some information that has been overlooked by the market, when put together, completes the puzzle and becomes clearer. In fact, the yield on 10 US Treasury bonds did not fall only after the inflation data was released. Following the release of the weaker-than-expected non-farm payroll data on June 4, the yield on 10 US Treasury bonds began to fall.</p><p>Before the inflation data was released, the White House said Biden's negotiations with Republican lawmakers on a fiscal stimulus bill had failed. At this point, the yield on US Ten-year Treasury bonds had already begun to fall. In May, Biden introduced two family and infrastructure stimulus bills totaling $4 trillion. The plan is to raise part of the funds through tax increases. Republicans, who strongly oppose tax increases, are unlikely to readily allow Democrats to raise the U.S. debt ceiling.</p><p>This creates a major problem for Biden. No matter how good the plan is, the question is, where will the money come from? The actual scale of the discussions between the two sides was pitifully small. This has raised concerns in the market: if the massive fiscal stimulus package fails to materialize, will the US economy be able to live up to previous high growth expectations? The market expects US GDP growth of 6.5-7% in 2021 and above 3% in 2022, supported by both the Federal Reserve's ultra-loose monetary policy and the Biden administration's massive fiscal stimulus.</p><p>Just last week, not only did the $4 trillion fiscal stimulus meet with obstacles, but higher-than-expected inflation also led the market to worry about whether the Federal Reserve might tighten monetary policy sooner. If monetary and fiscal policies shift simultaneously from dual expansion, it will definitely deal a huge blow to the prospects for economic recovery. I believe that it is precisely because of concerns that the economic recovery may slow down that the yield on US Ten-year Treasury bonds has experienced an incredible decline. It was not because of declining inflation expectations that the yield on US Ten-year Treasury bonds continued to fall at a level far below inflation.</p><p>At the same time, we saw that the yield on the US 2-year Treasury Bond rose instead of falling, and the yield curve formed by the US 10-year Treasury and the US 2-year Treasury slowed significantly. A flattening yield curve usually means that economic development is slowing down.<img src=\"https://static.tigerbbs.com/4c3d3f187b598fa25bb57151cb6679e4\" tg-width=\"552\" tg-height=\"294\" referrerpolicy=\"no-referrer\">As mentioned in previous articles, if the US economy recovers strongly, the main beneficiaries will be resource-exporting countries such as Australia and New Zealand. Just last week, Australia's 10-year Treasury Bond yield fell 22 basis points, and New Zealand's 10-year Treasury Bond yield fell 20 basis points. The convergence of the 10-year and 2-year Treasury Bond yield spreads in both countries exceeded 15 basis points, a more pronounced convergence than in the United States.<img src=\"https://static.tigerbbs.com/f0b67550b4587bc02a2cd399902a8f89\" tg-width=\"553\" tg-height=\"310\" referrerpolicy=\"no-referrer\">This further confirms market concerns that the US economic recovery will slow down.</p><p>However, this concern is still in the \"emotional\" stage. Because the Federal Reserve may not release a hawkish message at this week's interest rate meeting as the market expects. Biden's $4 trillion fiscal stimulus bill is not entirely impossible. When it is confirmed that these two taps will not be tightened, these concerns will quickly dissipate, and the market will return to the path of recovery expectations. We need to pay attention to some data that represent economic growth potential, such as whether the PMI data still maintains a strong expansion trend. The June interest rate meeting is very important, and I will write a preview of the meeting tomorrow.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/494652.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0aaffe95a04c8d1498085690717b40af","relate_stocks":{},"source_url":"http://www.zhitongcaijing.com/content/detail/494652.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2143568766","content_text":"最近一周市场表现比较诡异。\n上周四发布的美国5月未季调CPI年率增长5%，未季调核心CPI年率增长3.8%。5月通胀数据再度大幅超出市场预期。按理说通胀超预期上升，会产生通胀失控恐慌。为了应对通胀飙升，投资逻辑应该是抛售长期债券，买入短期债券或是抗通胀资产。但是我们看到上周美国十年期国债收益率出现了10个基点的下跌，从1.55%跌至1.45%。有一种市场观点认为，美联储一直声称通胀上升只是暂时性的，而市场在5月通胀数据发布后选择相信这一说法。因此十年期国债收益率走低。\n这个逻辑有两个漏洞。首先，市场为什么会在通胀升至1992年以来最高值时才相信美联储所谓暂时性的说法?今天公布的美国5月PPI月率仍然高达0.8%。生产环节成本价格仍然在大幅上升，几个月后极有可能传导至消费端继续推动通胀上升。能源价格受供需失衡影响持续上涨。疫情前美国石油钻井总数接近800口，疫情大爆发导致需求极度萎靡，大量钻井被迫关闭，最低时钻井数量仅172口。随着疫情受到控制，经济活动逐渐恢复，钻井数量目前恢复到365口，仍不及疫情前的一半。这就意味着，即便需求相对疫情前没有增加，仅仅是恢复部分需求，也会因供应不足而推动油价上升。这其实就是一个比较典型的美联储所说的供应链瓶颈问题。\n当前价格的上升主要是供应链瓶颈造成的，而非需求显著上升。但供应链瓶颈短期很难得到有效解决。尤其是当市场对需求端缺乏信心时，就更不愿意大手笔投资供给端。\n其次，美国十年期国债收益率为什么会在通胀飙升时要求更低的回报?美国十年期国债收益率可以近似理解成市场的无风险投资收益率。由于风险极低，回报也就不可能太高。任何其它更具风险的投资，理论上都会要求比美国国债更高的回报。而十年期国债收益率的下限通常都会锚定通胀水平。若收益率低于通胀，投资美国国债就是负收益。\n因此，正常经济环境下，美国十年期国债收益率总是会在通胀水平之上与之正相关波动。通胀预期下降，美十债收益率当然可以下跌，但更可能是由于预期通胀下降而无法支撑较高的国债收益率。比如2018年10月，美十债收益率从3%水平显著下行。当时核心PCE物价指数处于2%水平，但上行艰难，市场预期通胀将会下行。而现在，美十债收益率不足1.6%，核心PCE物价指数超过3%。美十债收益率远低于核心通胀，就算预期通胀下行，美十债收益率也没道理毫不抱怨的接受实际负投资收益。\n什么情况下，投资者会不在乎收益，也要拥抱美债呢?答案就是避险。这个险未必是什么确定性的风险，更有可能是经济前景的不确定性。我看了一些解读近期行情的文章，几乎没有提到这一点。再说一些被市场忽略掉了信息，凑在一起，拼图完整了，看的就更加清晰。其实美十债收益率并不是通胀数据发布后才下跌。6月4日不及预期的非农数据发布后美十债收益率就开始下跌。\n通胀数据发布前，白宫称拜登与共和党议员的财政刺激法案谈判以失败告终。这时候美十债收益率就已经开始下跌。拜登在5月份提出了两项总计4万亿美元规模的家庭与基建刺激法案。计划其中一部分资金通过加税筹集。而共和党极力反对加税，也不大可能痛痛快快的允许民主党提高美国债务上限。\n这就给拜登制造了一个大难题，计划再美好，可问题是钱从哪来?双方实际讨论的规模的小的可怜。这让市场产生一种担忧，如果规模巨大的财政刺激计划不能兑现，那美国经济还能兑现此前高增长的预期吗?市场对美国2021年GDP增长预期是6.5-7%，2022年的增长预期也在3%之上，这受到了美联储超级宽松货币政策和拜登政府巨量财政刺激的双重加持。\n而就在上一周，不仅4万亿美元财政刺激推出遇阻，超预期通胀也令市场开始担忧美联储会不会提早收紧货币政策。如果货币政策和财政政策从双扩张同时转向，这对经济复苏前景一定会造成巨大打击。我认为，正是出于对经济复苏可能会放缓的担忧，美十债收益率出现了匪夷所思的下跌。并不是因为通胀预期下降，导致美十债收益率在远低于通胀水平的位置继续下跌。\n与此同时，我们看到美国二年期国债收益率不跌反涨，美十债与美二债构成的收益率曲线显著趋缓。收益率曲线平缓通常意味着经济发展趋于平缓。之前的文章中提到过，如果美国经济强劲复苏，主要利好的是澳大利亚与新西兰这些资源出口型国家。而就在上周，澳大利亚十年期国债收益率下跌22个基点，新西兰十年期国债收益率下跌20个基点。两个国家的十年期与二年期国债收益率差收敛均超过15个基点，比美国的收益率差收敛程度更加剧烈。这进一步印证了市场对美国经济复苏将放缓的担忧。\n但是这个担忧目前仍处于“情绪化”阶段。因为美联储未必会如市场预期般在本周的利率会议上释放鹰派信息。而拜登的4万亿财政刺激法案也并非完全不可实现。这两个水龙头被确认不会拧紧时，这些担忧的情绪很快就会消散，市场就会再次回归到复苏预期的路径上。而我们需要关注一些代表经济增长潜力的数据，如PMI数据是否仍然保持强劲的扩张态势。6月的利率会议非常重要，明天会写一下利率会议前瞻。","news_type":1,"symbols_score_info":{"ZBmain":0.9,"ZFmain":0.9,"TNmain":0.9,"ZTmain":0.9,"ZNmain":0.9,"UBmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180830969,"gmtCreate":1623197569751,"gmtModify":1704198031091,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180830969","repostId":"1131465902","repostType":4,"isVote":1,"tweetType":1,"viewCount":1067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127840712,"gmtCreate":1624844204236,"gmtModify":1703845957871,"author":{"id":"3581557349980222","authorId":"3581557349980222","name":"Ryan Lau","avatar":"https://static.tigerbbs.com/26e31c8a1ae031b5f4299991fffdd5b6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557349980222","idStr":"3581557349980222"},"themes":[],"title":"","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/127840712","repostId":"1111160299","repostType":4,"repost":{"id":"1111160299","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":1624835672,"share":"https://ttm.financial/m/news/1111160299?lang=en_US&edition=fundamental","pubTime":"2021-06-28 07:14","market":"sh","language":"zh","title":"Outlook: US June non-farm payrolls to hit! Nayuki's tea listed on the Hong Kong Stock Exchange","url":"https://stock-news.laohu8.com/highlight/detail?id=1111160299","media":"老虎资讯综合","summary":"摘要：\n\n 经济数据方面：中国官方制造业PMI、中国财新制造业PMI、美国初请失业金人数、美国6月Markit制造业PMI初值、美国6月非农就业报告等；\n\n\n 新股方面：越秀服务、和黄医药、“新式茶饮","content":"<p>Abstract:</p><p>Regarding economic data: China's official manufacturing PMI, China's Caixin manufacturing PMI, US initial jobless claims, US June...<a href=\"https://laohu8.com/S/MRKT\">Markit</a>Preliminary manufacturing PMI readings, US June non-farm payrolls report, etc.; Regarding new shares:<a href=\"https://laohu8.com/S/06626\">Yuexiu Services</a>、<a href=\"https://laohu8.com/S/00013\">Hutchison MediPharma</a>\"The first stock in the new-style tea beverage industry\"<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>、<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Many new stocks, including Maicai and Atour Group, have been launched! Regarding financial events: 2021 FOMC voting member and Richmond Fed President will deliver a speech. Hong Kong stocks will be closed on Thursday, the anniversary of Hong Kong's return to China.<b>Overview of important economic data</b></p><p><b>Keywords for Monday, June 28: Federal Reserve Williams speech; Yuexiu Services listed</b><img src=\"https://static.tigerbbs.com/56f5afbec3ae71eff87df037fadb34de\" tg-width=\"609\" tg-height=\"142\" referrerpolicy=\"no-referrer\">On Monday, investors paid close attention to the June Dallas Fed manufacturing activity index in the United States. In addition, investors pay attention to the performance of US stocks and US Treasury bonds to find clues about changes in market sentiment.</p><p>Regarding new stocks,<b>Yuexiu Services was listed on the Main Board of the Stock Exchange on Monday</b>The shares will be traded in board lots of 500 shares of Yuexiu Services, with the stock code 6626.</p><p>Data shows that Yuexiu Services' revenue continued to grow rapidly, reaching RMB 1.168 billion in 2020, with an average annual compound growth rate of 23.7%. In terms of revenue by region, 78% and 92% of the revenue from the non-commercial and commercial segments came from the Greater Bay Area, respectively. The company is also actively expanding its layout outside the Greater Bay Area.</p><p><b>Keywords for Tuesday, June 29: Richmond Fed President's speech; Dingdong Maicai goes public</b><img src=\"https://static.tigerbbs.com/835d984c6c7d7bbf6cf77ab2a1b42111\" tg-width=\"614\" tg-height=\"462\" referrerpolicy=\"no-referrer\"><b>On Tuesday, investors focused on consumer confidence data from the U.S. Consulting Group.</b>。 The market widely believes that consumer confidence in the United States has further improved.</p><p>Analysts point out that the U.S. economy is expected to see stronger growth, and the unemployment rate is expected to record a net decrease, with the number of consumers reaching a record high. Although inflation expectations declined in early June, rising inflation remains a top concern for consumers.</p><p>U.S. consumer sentiment rose more than expected in early June due to an improved economic outlook and slowing inflation expectations. Furthermore, with the lifting of travel restrictions, warming temperatures, and easing health concerns, consumer sentiment has become more optimistic.</p><p><b>Regarding new listings, Dingdong Maicai is listed on the US stock market.</b>。 The company plans to issue 14 million American Depositary Shares (ADSs) in this IPO, with an issuance range of $23.5 to $25.5 per ADS;<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Bank of America<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>The underwriters are also entitled to an over-allotment option of 2.1 million ADS. Based on the upper limit of this issuance range, Dingdong Maicai's IPO could raise a maximum of US$410 million.</p><p><b>Keywords for Wednesday, June 30th: China's official manufacturing PMI, IPOs of Hutchison MediPharma, Nayuki, and other new stocks.</b><img src=\"https://static.tigerbbs.com/8b79e86151fa8448864cf47679b25d04\" tg-width=\"614\" tg-height=\"601\" referrerpolicy=\"no-referrer\">During the Asian session on June 30, the focus will be on China's official manufacturing PMI for June.</p><p><b>The Hong Kong stock market will see two new IPOs on Wednesday: Hutchison MediPharma and Nayuki Tea.</b></p><p>Hutchison MediPharma was priced at HK$40.1 per share. Assuming the over-allotment option is not exercised, the company is expected to receive total proceeds from the global offering of HK$4,170.4 million. The company intends to use the net proceeds from the global offering to advance its late-stage clinical plans and its pipeline of clinical and preclinical drug candidates, further enhance its commercialization, clinical, regulatory and manufacturing capabilities, fund potential global business development and strategic acquisition opportunities, and for general corporate purposes.</p><p>Nayuki Tea's offering price is between HK$17.20 and HK$19.80, with a maximum total fundraising amount of approximately HK$5.858 billion. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%.</p><p><b>Keywords for Thursday, July 1st: China Caixin Manufacturing PMI; U.S. initial jobless claims data; Atour Group goes public</b><img src=\"https://static.tigerbbs.com/0c65a6ca86833610251c4e1b660500f4\" tg-width=\"609\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p><p><b>On Thursday, Hong Kong stocks will be closed for one day due to the anniversary of Hong Kong's return to China.</b></p><p>Investors should pay close attention to a series of economic data released by the United States, among which the most significant impact on the market may be...<b>Manufacturing PMI data for June</b>。</p><p>Despite the gradual improvement in U.S. manufacturing performance, manufacturers are still struggling to obtain raw materials and hire qualified workers, which has significantly increased prices for businesses and consumers. The strong performance of the manufacturing sector supported economists' expectations for double-digit growth in the second quarter.</p><p>As the COVID-19 pandemic kept Americans at home, demand shifted from services to goods. Demand remains strong as vaccinations and trillions of dollars in government relief funds have allowed the economy to reopen more broadly.</p><p><b>Regarding new shares, Atour Group will be listed on the US stock market.</b>The company is a mid-to-high-end chain hotel group, with brands covering the entire business chain from mid-range to luxury hotels. According to the Frost & Sullivan Report, Atour Hotels was the largest mid-to-high-end hotel chain in China by number of rooms as of the end of 2020.</p><p><b>Keywords for Friday, July 2nd: US June non-farm payrolls report; Zhongjun Commercial Management listed</b><img src=\"https://static.tigerbbs.com/423d184f221bc811afff249a68e94882\" tg-width=\"615\" tg-height=\"599\" referrerpolicy=\"no-referrer\">Friday,<b>The market is about to receive the US June non-farm payrolls report.</b>The quality of the data will directly and significantly affect the market trend.</p><p>Although the U.S. job market is recovering, the extent of the recovery remains miss the market expectation. Analysts say a rapidly tightening labor market could pose a medium-term problem for financial markets. Although new jobs are increasing, the unemployment rate in the United States continues to rise and the employment rate is low.</p><p>The Federal Reserve recently raised its inflation forecast and brought forward its rate hike timetable. Two rate hike are currently expected in 2023 as U.S. inflation is at a multi-decade high.</p><p>Analysts say the Federal Reserve currently seems quite determined to stick to this course, easing more than ever before and maintaining liquidity as much as possible, but the pace of withdrawing liquidity is very, very slow. Analysts believe that, given existing valuation indicators, any factors disrupting financial markets, including the labor market, are the real problems facing them in the medium term.</p><p><b>Regarding new shares, Zhongjun Commercial Management is listed on the Hong Kong Stock Exchange.</b>According to public information, Zhongjun Commercial Management is a comprehensive property management service provider, positioned as an asset-light management company, providing management services for office buildings, commercial streets and residences for its parent company, Zhongjun Group, and third parties.</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>Outlook: US June non-farm payrolls to hit! Nayuki's tea listed on the Hong Kong Stock Exchange</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\">\nOutlook: US June non-farm payrolls to hit! Nayuki's tea listed on the Hong Kong Stock Exchange\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\">2021-06-28 07:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Abstract:</p><p>Regarding economic data: China's official manufacturing PMI, China's Caixin manufacturing PMI, US initial jobless claims, US June...<a href=\"https://laohu8.com/S/MRKT\">Markit</a>Preliminary manufacturing PMI readings, US June non-farm payrolls report, etc.; Regarding new shares:<a href=\"https://laohu8.com/S/06626\">Yuexiu Services</a>、<a href=\"https://laohu8.com/S/00013\">Hutchison MediPharma</a>\"The first stock in the new-style tea beverage industry\"<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>、<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Many new stocks, including Maicai and Atour Group, have been launched! Regarding financial events: 2021 FOMC voting member and Richmond Fed President will deliver a speech. Hong Kong stocks will be closed on Thursday, the anniversary of Hong Kong's return to China.<b>Overview of important economic data</b></p><p><b>Keywords for Monday, June 28: Federal Reserve Williams speech; Yuexiu Services listed</b><img src=\"https://static.tigerbbs.com/56f5afbec3ae71eff87df037fadb34de\" tg-width=\"609\" tg-height=\"142\" referrerpolicy=\"no-referrer\">On Monday, investors paid close attention to the June Dallas Fed manufacturing activity index in the United States. In addition, investors pay attention to the performance of US stocks and US Treasury bonds to find clues about changes in market sentiment.</p><p>Regarding new stocks,<b>Yuexiu Services was listed on the Main Board of the Stock Exchange on Monday</b>The shares will be traded in board lots of 500 shares of Yuexiu Services, with the stock code 6626.</p><p>Data shows that Yuexiu Services' revenue continued to grow rapidly, reaching RMB 1.168 billion in 2020, with an average annual compound growth rate of 23.7%. In terms of revenue by region, 78% and 92% of the revenue from the non-commercial and commercial segments came from the Greater Bay Area, respectively. The company is also actively expanding its layout outside the Greater Bay Area.</p><p><b>Keywords for Tuesday, June 29: Richmond Fed President's speech; Dingdong Maicai goes public</b><img src=\"https://static.tigerbbs.com/835d984c6c7d7bbf6cf77ab2a1b42111\" tg-width=\"614\" tg-height=\"462\" referrerpolicy=\"no-referrer\"><b>On Tuesday, investors focused on consumer confidence data from the U.S. Consulting Group.</b>。 The market widely believes that consumer confidence in the United States has further improved.</p><p>Analysts point out that the U.S. economy is expected to see stronger growth, and the unemployment rate is expected to record a net decrease, with the number of consumers reaching a record high. Although inflation expectations declined in early June, rising inflation remains a top concern for consumers.</p><p>U.S. consumer sentiment rose more than expected in early June due to an improved economic outlook and slowing inflation expectations. Furthermore, with the lifting of travel restrictions, warming temperatures, and easing health concerns, consumer sentiment has become more optimistic.</p><p><b>Regarding new listings, Dingdong Maicai is listed on the US stock market.</b>。 The company plans to issue 14 million American Depositary Shares (ADSs) in this IPO, with an issuance range of $23.5 to $25.5 per ADS;<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Bank of America<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>The underwriters are also entitled to an over-allotment option of 2.1 million ADS. Based on the upper limit of this issuance range, Dingdong Maicai's IPO could raise a maximum of US$410 million.</p><p><b>Keywords for Wednesday, June 30th: China's official manufacturing PMI, IPOs of Hutchison MediPharma, Nayuki, and other new stocks.</b><img src=\"https://static.tigerbbs.com/8b79e86151fa8448864cf47679b25d04\" tg-width=\"614\" tg-height=\"601\" referrerpolicy=\"no-referrer\">During the Asian session on June 30, the focus will be on China's official manufacturing PMI for June.</p><p><b>The Hong Kong stock market will see two new IPOs on Wednesday: Hutchison MediPharma and Nayuki Tea.</b></p><p>Hutchison MediPharma was priced at HK$40.1 per share. Assuming the over-allotment option is not exercised, the company is expected to receive total proceeds from the global offering of HK$4,170.4 million. The company intends to use the net proceeds from the global offering to advance its late-stage clinical plans and its pipeline of clinical and preclinical drug candidates, further enhance its commercialization, clinical, regulatory and manufacturing capabilities, fund potential global business development and strategic acquisition opportunities, and for general corporate purposes.</p><p>Nayuki Tea's offering price is between HK$17.20 and HK$19.80, with a maximum total fundraising amount of approximately HK$5.858 billion. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%.</p><p><b>Keywords for Thursday, July 1st: China Caixin Manufacturing PMI; U.S. initial jobless claims data; Atour Group goes public</b><img src=\"https://static.tigerbbs.com/0c65a6ca86833610251c4e1b660500f4\" tg-width=\"609\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p><p><b>On Thursday, Hong Kong stocks will be closed for one day due to the anniversary of Hong Kong's return to China.</b></p><p>Investors should pay close attention to a series of economic data released by the United States, among which the most significant impact on the market may be...<b>Manufacturing PMI data for June</b>。</p><p>Despite the gradual improvement in U.S. manufacturing performance, manufacturers are still struggling to obtain raw materials and hire qualified workers, which has significantly increased prices for businesses and consumers. The strong performance of the manufacturing sector supported economists' expectations for double-digit growth in the second quarter.</p><p>As the COVID-19 pandemic kept Americans at home, demand shifted from services to goods. Demand remains strong as vaccinations and trillions of dollars in government relief funds have allowed the economy to reopen more broadly.</p><p><b>Regarding new shares, Atour Group will be listed on the US stock market.</b>The company is a mid-to-high-end chain hotel group, with brands covering the entire business chain from mid-range to luxury hotels. According to the Frost & Sullivan Report, Atour Hotels was the largest mid-to-high-end hotel chain in China by number of rooms as of the end of 2020.</p><p><b>Keywords for Friday, July 2nd: US June non-farm payrolls report; Zhongjun Commercial Management listed</b><img src=\"https://static.tigerbbs.com/423d184f221bc811afff249a68e94882\" tg-width=\"615\" tg-height=\"599\" referrerpolicy=\"no-referrer\">Friday,<b>The market is about to receive the US June non-farm payrolls report.</b>The quality of the data will directly and significantly affect the market trend.</p><p>Although the U.S. job market is recovering, the extent of the recovery remains miss the market expectation. Analysts say a rapidly tightening labor market could pose a medium-term problem for financial markets. Although new jobs are increasing, the unemployment rate in the United States continues to rise and the employment rate is low.</p><p>The Federal Reserve recently raised its inflation forecast and brought forward its rate hike timetable. Two rate hike are currently expected in 2023 as U.S. inflation is at a multi-decade high.</p><p>Analysts say the Federal Reserve currently seems quite determined to stick to this course, easing more than ever before and maintaining liquidity as much as possible, but the pace of withdrawing liquidity is very, very slow. Analysts believe that, given existing valuation indicators, any factors disrupting financial markets, including the labor market, are the real problems facing them in the medium term.</p><p><b>Regarding new shares, Zhongjun Commercial Management is listed on the Hong Kong Stock Exchange.</b>According to public information, Zhongjun Commercial Management is a comprehensive property management service provider, positioned as an asset-light management company, providing management services for office buildings, commercial streets and residences for its parent company, Zhongjun Group, and third parties.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d256e82db1d71c864259845ce1d069bf","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF华安","NUGT":"二倍做多黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF-iShares","GDX":"黄金矿业ETF-VanEck","GLD":"黄金ETF-SPDR","DUST":"二倍做空黄金矿业指数ETF-Direxion"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111160299","content_text":"摘要：\n\n 经济数据方面：中国官方制造业PMI、中国财新制造业PMI、美国初请失业金人数、美国6月Markit制造业PMI初值、美国6月非农就业报告等；\n\n\n 新股方面：越秀服务、和黄医药、“新式茶饮第一股”奈雪的茶、叮咚买菜、亚朵集团……等多只新股扎堆上市！\n\n\n 财经事件方面：2021年FOMC票委、里奇蒙德联储主席将发表讲话。香港回归纪念日，港股周四休市一天。\n\n重要经济数据一览\n6月28日周一关键词：美联储威廉姆斯讲话；越秀服务上市周一，投资者稍加留意美国的6月达拉斯联储制造业活动指数。另外，投资者关注美股和美债的走势，从而找到市场情绪变化的线索。\n新股方面，越秀服务周一在联交所主板上市，将以每手500股越秀服务股份进行买卖，股份代号为6626。\n资料显示，越秀服务收入持续快速增长，2020年收入达到11.68亿元，年均复合增长率为23.7%，按地域划分收入看，非商业板块和商业板块分别有78%和92%的收入来自大湾区，公司亦积极向大湾区之外延伸布局。\n6月29日周二关键词：里奇蒙德联储主席讲话；叮咚买菜上市周二，投资者主要关注美国的咨商会消费信心数据。目前市场广泛认为美国的消费信心有了进一步的好转。\n分析指出，美国经济预期会出现更强增长，预计失业率将录得净降低的消费者人数创下历史新高。尽管通胀预期在6月初有所下降，通胀上升仍然是消费者最关心的问题。\n由于经济前景的改善以及通胀预期趋缓，美国消费者情绪在6月初的上升幅度超过了预期。此外，随着旅行限制的取消，气温回暖以及健康担忧的弱化，消费者的情绪更加乐观。\n新股方面，叮咚买菜于美股上市。公司计划在本次IPO中发行1400万股美国存托股票（ADS），发行区间为每股ADS 23.5美元-25.5美元；摩根士丹利、美银、瑞士信贷等承销商另享有210万股ADS的超额配售权。以此发行区间上限计算，叮咚买菜本次IPO至多募资规模为4.1亿美元。\n6月30日周三关键词：中国官方制造业PMI，和黄医药、奈雪的茶等新股上市6月30日亚洲时段，重点关注中国的6月份官方制造业PMI。\n周三港股将迎来两个新股IPO：和黄医药和奈雪的茶。\n和黄医药每股定价为40.1港元。假设超额配股权未获行使，公司自全球发售获得的所得款项总额预期将为41.704亿港元。公司拟将全球发售的所得款项净额用作推进其后期临床计划以及其临床阶段及临床前候选药物管线、进一步增强其商业化、临床、监管及生产实力、为潜在的全球业务发展及策略收购机会提供资金，以及用作一般企业用途。\n奈雪的茶招股价为17.20港元-19.80港元之间，最高募资总额约为58.58亿港元。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。\n7月1日周四关键词：中国财新制造业PMI；美国初请失业金数据；亚朵集团上市\n周四，因香港回归纪念日，港股休市一天。\n投资者可重点关注美国公布的一系列经济数据，其中对市场影响较大的可能是6月份的制造业PMI数据。\n当前美国制造业表现逐步向好，虽然如此，但制造商仍在努力获取原材料和招聘合格工人，这大大提高了企业和消费者的价格。制造业的强劲表现支撑了经济学家对第二季度两位数增长的预期。\n由于新冠疫情使美国人留在国内，需求从服务转向商品。由于接种疫苗和政府提供的数万亿美元救济资金使经济更广泛地重新开放，需求仍保持强劲。\n新股方面，亚朵集团将于美股上市。公司为一家中高档连锁酒店集团，旗下品牌覆盖从中档到豪华酒店的全业务链条。根据弗若斯特沙利文报告，截至2020年底，按客房数量计，亚朵酒店是中国最大的中高档连锁酒店。\n7月2日周五关键词：美国6月非农就业报告；中骏商管上市周五，市场将迎来美国6月非农就业报告，数据的好坏将直接大幅度的影响市场行情的走向。\n尽管美国就业市场正在复苏，但复苏的程度仍然不及市场预期。分析表示，劳动力市场迅速收紧可能会给金融市场带来一个中期问题。虽然新增就业不断增加，但美国失业率持续上升，且雇佣率低迷。\n美联储最近上调了通胀预期，并提前了加息时间表，目前预计2023年将有两次加息，因为美国的通胀率正处于几十年来的高点。\n分析称，目前美联储似乎相当坚决地坚持这一路线，比以往任何时候都要宽松，并尽可能维持流动性，但撤回流动性的速度非常非常缓慢。分析认为，考虑到现有的估值指标，任何扰乱金融市场的因素，包括劳动力市场，都是金融市场在中期面临的真正问题。\n新股方面，中骏商管于港股上市。资料显示，中骏商管是一家综合物业管理服务提供商，定位轻资产管理公司，为母公司中骏集团及第三方提供办公楼、商业街及住宅等管理服务。","news_type":1,"symbols_score_info":{"159934":0.9,"518880":0.9,"MGCmain":0.9,"IAU":0.9,"GLD":0.9,"GDX":0.9,"SGUmain":0.9,"DUST":0.9,"NUGT":0.9,"SImain":0.9,"SGCmain":0.9,"GCmain":0.9}},"isVote":1,"tweetType":1,"viewCount":4906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}