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lcGoh
lcGoh
·
2023-06-23
U
Fed Chairman Powell: Another rate hike twice this year would be appropriate
6月22日，美联储主席鲍威尔出席参议院银行业委员会听证会时表示，今年再次加息两次将是适当的。他表示，保持利率不变是为了给自己更多时间做决策，委员会中绝大多数人认为利率还有一点上升空间，需要持续努力，以
Fed Chairman Powell: Another rate hike twice this year would be appropriate
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lcGoh
lcGoh
·
2023-06-23
B
JPMorgan: If the Fed does not cut interest rates, U.S. stocks will be in trouble in the second half of this year
摩根大通首席全球市场策略师Marko Kolanovic表示，随着美联储激进收紧货币政策的滞后影响赶上经济增长，美国股市将在今年下半年陷入困境。尽管美股今年迄今为止的反弹与Marko Kolanovi
JPMorgan: If the Fed does not cut interest rates, U.S. stocks will be in trouble in the second half of this year
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lcGoh
lcGoh
·
2023-06-23
B
Wall Street can't sit still! New U.S. banking regulations may be tougher than expected
据六名知情人士透露，美国银行业正推动软化一项提高银行资本金要求的重大监管提案，担心该提案可能过于繁重，尤其是对仍未从3月银行业危机中恢复过来的银行而言。以美联储为首的银行监管机构正在敲定一项提案，该提
Wall Street can't sit still! New U.S. banking regulations may be tougher than expected
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lcGoh
lcGoh
·
2023-06-23
N
'Fed mouthpiece': Powell highlights likely to raise rates again in the coming months
“美联储传声筒”Nick Timiraos撰文称，鲍威尔今日表示上周之所以没有提高利率，是因为美联储想要减缓其有史以来最快的加息步伐。但他强调，在未来几个月内可能会再次提高利率，且美联储内部绝大多数成
'Fed mouthpiece': Powell highlights likely to raise rates again in the coming months
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lcGoh
lcGoh
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2023-06-23
K
At the expense of destroying jobs? Powell: Two more rate hike is appropriate
尽管议员质疑美联储抗通胀可能破坏就业，但鲍威尔极力为进一步紧缩的立场辩护，此前又一鹰派现身支持.......周四，美联储主席鲍威尔出席众议院金融服务委员会听证会，发言稿与周三的证词一模一样。在问答环节
At the expense of destroying jobs? Powell: Two more rate hike is appropriate
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lcGoh
lcGoh
·
2023-06-17
H
It takes another 1% rate hike to make U.S. stocks fall! Wells Fargo: AI giants will usher in an "Internet era-style" boom
富国银行称，除非美联储再至少加息一个百分点，否则整体美股市场仍有上涨空间，可能出现类似于互联网泡沫时代的飙升。
It takes another 1% rate hike to make U.S. stocks fall! Wells Fargo: AI giants will usher in an "Internet era-style" boom
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lcGoh
lcGoh
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2023-06-17
N
Jitu sprints to Hong Kong stocks: annual revenue of US $7.3 billion, founder Li Jie has a relationship with Duan Yongping
极兔正成为中国快递行业的“黑马”。今日晚间，极兔递交招股书，准备在港交所上市。一旦上市，极兔将成继顺丰、京东物流、中通、申通、圆通及百世后，又一家上市的物流企业。年营收73亿美元极兔由OPPO印尼业务
Jitu sprints to Hong Kong stocks: annual revenue of US $7.3 billion, founder Li Jie has a relationship with Duan Yongping
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lcGoh
lcGoh
·
2023-06-17
O
AbbVie and BeiGene: You can't step into the same river
“专利，是给天才之火加上利润之油”，林肯的这句名言，被创新药领域的重磅炸弹药物一次次印证。药企之间，没有什么比一场成功的专利战，更能将对手一击致命。但同时，被狙击的一方，绝不会轻易束手就擒，往往会用尽
AbbVie and BeiGene: You can't step into the same river
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lcGoh
lcGoh
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2023-06-17
M
Adobe's prospects are more constructive under the blessing of AI, and Wall Street banks have raised their price targets
由于Adobe Q2业绩超出市场预期、以及上调全年业绩指引，多家华尔街大行均上调对该股目标价。软件服务巨头Adobe周四美股盘后公布了2023财年第二季度财报。由于Adobe Q2业绩超出市场预期、以
Adobe's prospects are more constructive under the blessing of AI, and Wall Street banks have raised their price targets
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lcGoh
lcGoh
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2023-06-17
N
The AI trend is resurfacing! China's technology assets have skyrocketed around the world! Fund manager: It's by no means just speculation
以AI（人工智能）为风口的科网股行情，已从A股基金重仓股广泛蔓延到公募基金在港股和美股的持仓上。种种迹象显示，以数字经济、科技互联网为特点的中国资产股票的反弹，在全球范围内都已经实质性地展开几乎无差别
The AI trend is resurfacing! China's technology assets have skyrocketed around the world! Fund manager: It's by no means just speculation
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He said that keeping interest rates unchanged is to give himself more time to make decisions. The vast majority of people in the committee believe that there is still a little room for interest rates to rise, and continuous efforts are needed to return to 2% inflation.</strong></p><p><p style=\"text-align: start;\">Referring to the U.S. labor market, Powell said that labor market wages are still very high, but they are gradually moving towards sustainable levels. It is possible to achieve a better balance in the labor market without increasing unemployment, but there is no guarantee that this will be achieved.</p><p><strong>Powell said the Fed is committed to learning the right lessons from Silicon Valley Bank and will strengthen regulation and oversight of banks the size of Silicon Valley Bank.</strong></p><p><p style=\"text-align: start;\">At the same time, the Federal Reserve is paying close attention to banks with real estate exposure and taking active actions to try to help such banks cope with the concentration risk of commercial real estate. The Federal Reserve will cooperate with banks with high commercial real estate holdings and is very concerned about risk exposure in the commercial real estate sector.</p><p><p style=\"text-align: start;\"><strong>In addition, the Federal Reserve will propose a plan to increase capital requirements for large banks. The Federal Reserve may raise capital requirements for large banks by 20%, and the new capital requirements will not apply to banks with assets below $100 billion.</strong>The Federal Reserve is committed to strengthening supervision of medium-sized banks, so as to ensure that banks maintain a reasonable balance between capital security and credit costs.</p><p><p style=\"text-align: start;\">Powell stressed that the U.S. federal budget is on an unsustainable path and needs to be fixed. Paper losses on the Fed's balance sheet have no impact on the Fed's monetary policy ability, and there is still a long way to go to solve the U.S. inflation problem.</p><p>Powell said the San Francisco Fed's action against Silicon Valley Bank was not strong enough. In response to the significant impact of the Silicon Valley Bank incident, the United States needs to fix its liquidity regulation. In the process of overseeing Silicon Valley Bank, regulatory mistakes are not just happening at the San Francisco Fed, but also at the Federal Reserve Board.</p><p><strong>Powell said he believes the U.S. economy has a path to a soft landing.</strong>The Fed does expect more rate hike at the moment, but needs more data support. The United States is very close to the interest rate target, but it is wise to act cautiously, and we don't want excessive rate hike to have a negative effect on the market.</p><p>Referring to the recent hot U.S. labor market, Powell said that the labor force participation rate has increased more than expected. The Fed will do as little damage to the labor market and the economy as possible. Ideally, the relaxation of most labor markets will occur in other ways that will not lead to job losses. With a small increase in unemployment, inflation is expected to continue to decline. The unemployment rate is expected to rise a little further. Still see a path to inflation relief without causing mass unemployment.</p><p>Powell says the labor market will gradually cool and inflation will ease; The overwhelming majority of the committee believes there will be two more rate hike before the end of this year; Last week's decision to suspend rate hike was to move forward more slowly in the future; The Fed is now close to what it needs to achieve.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c48d28b60461b1f68206b3e27de532fa\" title=\"\" tg-width=\"550\" tg-height=\"327\"/></p><p><p style=\"text-align: start;\"></p><p></body></html></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>Fed Chairman Powell: Another rate hike twice this year would be appropriate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Chairman Powell: Another rate hike twice this year would be appropriate\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\">2023-06-22 22:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On June 22,<strong>Federal Reserve Chairman Jerome Powell said at a Senate Banking Committee hearing that it would be appropriate to rate hike twice again this year. He said that keeping interest rates unchanged is to give himself more time to make decisions. The vast majority of people in the committee believe that there is still a little room for interest rates to rise, and continuous efforts are needed to return to 2% inflation.</strong></p><p><p style=\"text-align: start;\">Referring to the U.S. labor market, Powell said that labor market wages are still very high, but they are gradually moving towards sustainable levels. It is possible to achieve a better balance in the labor market without increasing unemployment, but there is no guarantee that this will be achieved.</p><p><strong>Powell said the Fed is committed to learning the right lessons from Silicon Valley Bank and will strengthen regulation and oversight of banks the size of Silicon Valley Bank.</strong></p><p><p style=\"text-align: start;\">At the same time, the Federal Reserve is paying close attention to banks with real estate exposure and taking active actions to try to help such banks cope with the concentration risk of commercial real estate. The Federal Reserve will cooperate with banks with high commercial real estate holdings and is very concerned about risk exposure in the commercial real estate sector.</p><p><p style=\"text-align: start;\"><strong>In addition, the Federal Reserve will propose a plan to increase capital requirements for large banks. The Federal Reserve may raise capital requirements for large banks by 20%, and the new capital requirements will not apply to banks with assets below $100 billion.</strong>The Federal Reserve is committed to strengthening supervision of medium-sized banks, so as to ensure that banks maintain a reasonable balance between capital security and credit costs.</p><p><p style=\"text-align: start;\">Powell stressed that the U.S. federal budget is on an unsustainable path and needs to be fixed. Paper losses on the Fed's balance sheet have no impact on the Fed's monetary policy ability, and there is still a long way to go to solve the U.S. inflation problem.</p><p>Powell said the San Francisco Fed's action against Silicon Valley Bank was not strong enough. In response to the significant impact of the Silicon Valley Bank incident, the United States needs to fix its liquidity regulation. In the process of overseeing Silicon Valley Bank, regulatory mistakes are not just happening at the San Francisco Fed, but also at the Federal Reserve Board.</p><p><strong>Powell said he believes the U.S. economy has a path to a soft landing.</strong>The Fed does expect more rate hike at the moment, but needs more data support. The United States is very close to the interest rate target, but it is wise to act cautiously, and we don't want excessive rate hike to have a negative effect on the market.</p><p>Referring to the recent hot U.S. labor market, Powell said that the labor force participation rate has increased more than expected. The Fed will do as little damage to the labor market and the economy as possible. Ideally, the relaxation of most labor markets will occur in other ways that will not lead to job losses. With a small increase in unemployment, inflation is expected to continue to decline. The unemployment rate is expected to rise a little further. Still see a path to inflation relief without causing mass unemployment.</p><p>Powell says the labor market will gradually cool and inflation will ease; The overwhelming majority of the committee believes there will be two more rate hike before the end of this year; Last week's decision to suspend rate hike was to move forward more slowly in the future; The Fed is now close to what it needs to achieve.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c48d28b60461b1f68206b3e27de532fa\" title=\"\" tg-width=\"550\" tg-height=\"327\"/></p><p><p style=\"text-align: start;\"></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c48d28b60461b1f68206b3e27de532fa","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175881376","content_text":"6月22日，美联储主席鲍威尔出席参议院银行业委员会听证会时表示，今年再次加息两次将是适当的。他表示，保持利率不变是为了给自己更多时间做决策，委员会中绝大多数人认为利率还有一点上升空间，需要持续努力，以恢复至2%的通胀水平。提及美国劳动力市场时，鲍威尔表示，劳动力市场工资仍然很高，但正在逐渐趋向可持续的水平。劳动力市场在不增加失业率的情况下实现更好平衡是可能的，但并不保证一定会实现这一目标。鲍威尔表示，美联储致力于从硅谷银行中吸取正确的教训，将加强对类似硅谷银行这样规模的银行的监管和监督。同时，美联储正在密切关注拥有房地产风险敞口的银行，并积极采取行动，试图帮助这类银行应对商业地产集中风险。美联储将与商业地产持有量较高的银行展开合作，并对商业房地产领域风险敞口十分关切。此外，美联储将提出增加对大型银行资本要求的方案。美联储可能将对大型银行的资本要求提高20%，新的资本要求不适用于资产规模低于1000亿美元的银行。联储致力于加强对中型银行的监管，从而确保银行在资金安全和信贷成本之间保持合理平衡。鲍威尔强调，美国联邦预算走上了不可持续的道路，需要对此进行修复。美联储资产负债表上的纸面损失对美联储的货币政策能力没有影响，解决美国通胀问题仍有很长的路要走。鲍威尔表示，旧金山联邦储备银行对硅谷银行的行动不够强有力。针对硅谷银行事件所造成的重大影响，美国需要修复对流动性的监管。在监督硅谷银行的过程中，监管失误不仅仅发生在旧金山联邦储备银行，也发生在美联储委员会。鲍威尔表示，认为美国经济有通往软着陆的道路。美联储目前确实预计会有更多的加息，但需要更多数据支持。美国离利率目标已经很接近了，但谨慎行动是明智之举，不想过度加息对市场造成反向作用。提及近期火热的美国劳动力市场，鲍威尔表示，劳动参与率上升超过预期。美联储将尽可能少地对劳动力市场和经济造成损害。理想情况下，大多数劳动力市场的放松将以其他方式出现，不会导致失业。随着失业率的小幅增加，通胀有望继续下降。预计失业率将会进一步上升一点。仍然看到存在一种在不造成大规模失业的情况下实现通胀缓解的途径。鲍威尔表示，劳动力市场将逐渐降温，通胀将缓解；委员会的绝大多数成员认为今年年底前还会有两次加息；上周的暂停加息决定是为了今后更慢地前进；美联储目前已接近需要达到的目标。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2099,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190248855609608,"gmtCreate":1687473207431,"gmtModify":1687473210898,"author":{"id":"3583111190875685","authorId":"3583111190875685","name":"lcGoh","avatar":"https://community-static.tradeup.com/news/ea3d27fab7696dea29861dd0ec2eeec9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583111190875685","idStr":"3583111190875685"},"themes":[],"htmlText":"B","listText":"B","text":"B","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190248855609608","repostId":"2345757673","repostType":4,"repost":{"id":"2345757673","kind":"news","pubTimestamp":1687444562,"share":"https://ttm.financial/m/news/2345757673?lang=en_US&edition=fundamental","pubTime":"2023-06-22 22:36","market":"hk","language":"zh","title":"JPMorgan: If the Fed does not cut interest rates, U.S. stocks will be in trouble in the second half of this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2345757673","media":"智通财经","summary":"摩根大通首席全球市场策略师Marko Kolanovic表示，随着美联储激进收紧货币政策的滞后影响赶上经济增长，美国股市将在今年下半年陷入困境。尽管美股今年迄今为止的反弹与Marko Kolanovi","content":"<p><html><head></head><body><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Chief global market strategist Marko Kolanovic said U.S. stocks will struggle in the second half of the year as the lagging impact of the Federal Reserve's aggressive monetary tightening catches up with economic growth.</p><p>Although the rebound in U.S. stocks so far this year is inconsistent with Marko Kolanovic's bearish forecast, he still reiterated his defensive view and warned that factors such as a deteriorating business environment and slowing consumer demand suggest that a recession is coming and may hinder U.S. stocks rebound this year.</p><p>Marko Kolanovic said in a note on Thursday: \"On the stock market front, the Fed has not preemptively shifted to easing policy, but hinted at two more rate hike by the end of the year. We expect U.S. stocks to face a more challenging macro backdrop in the second half of the year. While stocks are sharply revalued, consumer trends will soften.\" He warned that multiple expansions and weakening pricing power make the risk-reward of U.S. stocks unattractive. Another worrying factor, he added, is \"growing investor complacency\" ahead of a potential recession and \"in short, there is a high risk of another unknown risk resurfacing\".</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/465325619ef8760a38cb1ef975f06532\" tg-width=\"1240\" tg-height=\"697\"/></p><p>Differences of views on Wall Street on the outlook for U.S. stocks are intensifying. In addition to Marko Kolanovic, well-known bears on Wall Street,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Strategist Michael Wilson insisted on his bearish view on the U.S. stock market and further emphasized the view that the corporate earnings recession will continue in a recent report. Bank of America strategist Michael Hartnett, the most accurate analyst on Wall Street since last year, also insisted on being bearish on U.S. stocks. He believes that the logic of the rise in U.S. stocks is untenable, and the recent \"fear of an economic recession in the first quarter\" is turning into \"greed for Goldilocks in the second quarter.\"</p><p>However,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Chief U.S. equity strategist David Kostin is optimistic about the future trend of U.S. stocks. David Kostin said this recent rally in the S&P 500 is expected to expand beyond technology stocks, as \"the market will conduct a broader revaluation of technology stocks after the previous sharp gains have narrowed significantly.\" Regarding the logic that U.S. stocks will continue to rise in the future, David Kostin gave two logical supports. In addition to the strong upward momentum brought to U.S. stocks by the shrinking probability of economic recession, another reason is that the comprehensive popularization of AI provides important support for corporate profit growth.</p><p>As one of the most pessimistic analysts on Wall Street, Savita Subramanian, chief strategist of Bank of America, also changed his previous bearish statement on U.S. stocks, saying that the bear market that plagued U.S. stocks has officially ended, and there is still room for a continued rebound in the future. Savita Subramanian's analysis shows that data from the 1950s shows that 92% of the time, the S&P 500 has continued its upward momentum in 12 months after achieving a more than 20% rebound.</p><p></body></html></p>","source":"stock_zhitongcaijing","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>JPMorgan: If the Fed does not cut interest rates, U.S. stocks will be in trouble in the second half of this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan: If the Fed does not cut interest rates, U.S. stocks will be in trouble in the second half of this year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2023-06-22 22:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Chief global market strategist Marko Kolanovic said U.S. stocks will struggle in the second half of the year as the lagging impact of the Federal Reserve's aggressive monetary tightening catches up with economic growth.</p><p>Although the rebound in U.S. stocks so far this year is inconsistent with Marko Kolanovic's bearish forecast, he still reiterated his defensive view and warned that factors such as a deteriorating business environment and slowing consumer demand suggest that a recession is coming and may hinder U.S. stocks rebound this year.</p><p>Marko Kolanovic said in a note on Thursday: \"On the stock market front, the Fed has not preemptively shifted to easing policy, but hinted at two more rate hike by the end of the year. We expect U.S. stocks to face a more challenging macro backdrop in the second half of the year. While stocks are sharply revalued, consumer trends will soften.\" He warned that multiple expansions and weakening pricing power make the risk-reward of U.S. stocks unattractive. Another worrying factor, he added, is \"growing investor complacency\" ahead of a potential recession and \"in short, there is a high risk of another unknown risk resurfacing\".</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/465325619ef8760a38cb1ef975f06532\" tg-width=\"1240\" tg-height=\"697\"/></p><p>Differences of views on Wall Street on the outlook for U.S. stocks are intensifying. In addition to Marko Kolanovic, well-known bears on Wall Street,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Strategist Michael Wilson insisted on his bearish view on the U.S. stock market and further emphasized the view that the corporate earnings recession will continue in a recent report. Bank of America strategist Michael Hartnett, the most accurate analyst on Wall Street since last year, also insisted on being bearish on U.S. stocks. He believes that the logic of the rise in U.S. stocks is untenable, and the recent \"fear of an economic recession in the first quarter\" is turning into \"greed for Goldilocks in the second quarter.\"</p><p>However,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Chief U.S. equity strategist David Kostin is optimistic about the future trend of U.S. stocks. David Kostin said this recent rally in the S&P 500 is expected to expand beyond technology stocks, as \"the market will conduct a broader revaluation of technology stocks after the previous sharp gains have narrowed significantly.\" Regarding the logic that U.S. stocks will continue to rise in the future, David Kostin gave two logical supports. In addition to the strong upward momentum brought to U.S. stocks by the shrinking probability of economic recession, another reason is that the comprehensive popularization of AI provides important support for corporate profit growth.</p><p>As one of the most pessimistic analysts on Wall Street, Savita Subramanian, chief strategist of Bank of America, also changed his previous bearish statement on U.S. stocks, saying that the bear market that plagued U.S. stocks has officially ended, and there is still room for a continued rebound in the future. Savita Subramanian's analysis shows that data from the 1950s shows that 92% of the time, the S&P 500 has continued its upward momentum in 12 months after achieving a more than 20% rebound.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/949520.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QID":"两倍做空纳斯达克指数ETF-ProShares","BK4559":"巴菲特持仓","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","OEF":"标普100指数ETF-iShares","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4550":"红杉资本持仓","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IVV":"标普500ETF-iShares","SQQQ":"纳指三倍做空ETF","UDOW":"三倍做多道指30ETF-ProShares","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","JPM":"摩根大通","UPRO":"三倍做多标普500ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","SPXU":"三倍做空标普500ETF-ProShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","LU0106831901.USD":"贝莱德世界金融基金A2","DJX":"1/100道琼斯","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0971096721.USD":"富达环球金融服务 A","QLD":"2倍做多纳斯达克100指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD) INC","SPY":"标普500ETF","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) INC (M)","DXD":"两倍做空道琼30指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares",".SPX":"S&P 500 Index","BK4566":"资本集团",".DJI":"道琼斯","LU1261432733.SGD":"Fidelity World A-ACC-SGD","DDM":"2倍做多道指ETF-ProShares","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","DOG":"道指ETF-ProShares做空","OEX":"标普100","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC"},"source_url":"http://www.zhitongcaijing.com/content/detail/949520.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2345757673","content_text":"摩根大通首席全球市场策略师Marko Kolanovic表示，随着美联储激进收紧货币政策的滞后影响赶上经济增长，美国股市将在今年下半年陷入困境。尽管美股今年迄今为止的反弹与Marko Kolanovic的看跌预测并不一致，但他仍重申了其防御观点，并警告称，商业环境恶化和消费者需求放缓等因素表明，经济衰退即将到来，可能会阻碍美股今年的反弹。Marko Kolanovic周四在一份报告中表示：“在股市方面，美联储没有先发制人地转向宽松政策，而是暗示年底还会再加息两次。我们预计下半年美股将面临更具挑战性的宏观背景，在股市大幅重估的同时，消费趋势将趋软。”他警告称，多重扩张和定价能力的削弱使得美股的风险回报缺乏吸引力。他补充称，另一个令人担忧的因素是，在潜在的经济衰退到来之前，“投资者日益自满”，“简而言之，另一个未知的风险重新浮出水面的风险很高”。华尔街对美股前景的观点分歧正在加剧。除了Marko Kolanovic之外，华尔街知名空头、摩根士丹利策略师Michael Wilson坚持其看空美股大盘的观点，并在近期的报告中进一步强调企业盈利衰退将持续的观点。去年以来华尔街预测最准确的分析师、美银策略分析师Michael Hartnett也坚持看空美股。他认为，美股上涨的逻辑站不住，最近“对第一季度经济衰退的恐惧”正在转变为“对第二季度金发姑娘的贪婪”。不过，高盛首席美国股票策略师David Kostin则对美股未来走势持乐观态度。David Kostin表示，标普500指数近期的这一涨势预计将扩大到科技股以外，因为“之前大幅涨幅大幅收窄之后，市场将对科技股进行更广泛的估值重估”。对于美股后续仍将上涨的逻辑，David Kostin给出了两点逻辑支撑，除了经济衰退概率缩小给美股带来强劲的上涨动力之外，另一个理由是AI全面普及为企业利润增速提供重要支持。作为华尔街最悲观分析师之一的美国银行首席策略分析师Savita Subramanian也一改此前看空美股的说法，称困扰美股的熊市已经正式结束，未来还有继续反弹的空间。Savita Subramanian的分析显示，自1950年代以来的数据显示，在92%的时间里，标普500指数在实现超过20%的反弹后，在12个月内延续了上涨势头。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"IVV":0.6,"SH":0.6,"SQQQ":0.6,"QID":0.6,"UDOW":0.6,"NQmain":0.6,"SPY":1,"TQQQ":0.6,"OEX":0.6,"JPM":1,"OEF":0.6,".IXIC":1,"DOG":0.6,".DJI":1,"PSQ":0.6,"SSO":0.6,"ESmain":0.6,"SDOW":0.6,"DDM":0.6,"DJX":0.6,"MNQmain":0.6,"QQQ":0.6,"SPXU":0.6,"DXD":0.6,"QLD":0.6,"SDS":0.6,"UPRO":0.6,".SPX":0.6}},"isVote":1,"tweetType":1,"viewCount":2613,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190248695894264,"gmtCreate":1687473161227,"gmtModify":1687473164766,"author":{"id":"3583111190875685","authorId":"3583111190875685","name":"lcGoh","avatar":"https://community-static.tradeup.com/news/ea3d27fab7696dea29861dd0ec2eeec9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583111190875685","idStr":"3583111190875685"},"themes":[],"htmlText":"B","listText":"B","text":"B","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190248695894264","repostId":"2345500717","repostType":4,"repost":{"id":"2345500717","kind":"highlight","pubTimestamp":1687446683,"share":"https://ttm.financial/m/news/2345500717?lang=en_US&edition=fundamental","pubTime":"2023-06-22 23:11","market":"us","language":"zh","title":"Wall Street can't sit still! New U.S. banking regulations may be tougher than expected","url":"https://stock-news.laohu8.com/highlight/detail?id=2345500717","media":"金十数据","summary":"据六名知情人士透露，美国银行业正推动软化一项提高银行资本金要求的重大监管提案，担心该提案可能过于繁重，尤其是对仍未从3月银行业危机中恢复过来的银行而言。以美联储为首的银行监管机构正在敲定一项提案，该提","content":"<p><html><head></head><body>The U.S. banking industry is pushing to soften a major regulatory proposal to raise bank capital requirements, according to six people familiar with the matter,<strong>Fears the proposal could be too onerous, especially for banks that still haven't recovered from the March banking crisis</strong>。</p><p>Banking regulators, led by the Federal Reserve, are finalizing a proposal that would implement international capital standards agreed by the Basel Committee on Banking Supervision in the wake of the 2007-2009 financial crisis.</p><p>Of particular concern to bankers is a proposal in the draft that<strong>Higher capital charges on non-interest income</strong>。 Non-interest income, such as fees charged by banks for credit cards or investment banking services.</p><p>The request is part of a package agreement reached by the Basel Committee in 2017, people familiar with the matter said. But the industry said,<strong>This exaggerates the risks faced by banks with a high percentage of non-interest income</strong>, and hopes that U.S. regulators will relax requirements.</p><p>The banking industry is urging regulators to set a cap on the proportion of assets to which such charges apply, but it is unclear whether regulators will take such an approach, three people familiar with the matter said.</p><p>An industry insider pointed out that in recent years,<strong>Non-interest service income has been a focus of growth strategies for many banks.</strong></p><p>According to a 2022 blog from the Bank Policy Institute in Washington,<a href=\"https://laohu8.com/S/AXP\">American Express</a>、<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>And UBS,<a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>And Barclays' U.S. subsidiary are both banks with a high proportion of non-interest income.</p><p><a href=\"https://laohu8.com/S/BCS\">Barclays Bank</a>、<a href=\"https://laohu8.com/S/0H7D.UK\">Deutsche Bank</a>And Morgan Stanley declined to comment. UBS and American Express were also not immediately available for comment.</p><p>On Wednesday, Federal Reserve Chairman Jerome Powell told Congress that it is critical for banks to have strong capital, but regulators must be mindful of the trade-offs to avoid challenges to banks' operations.</p><p><h2><span><span>More severe than expected</span>Regulation Coming? Wall Street shivers!</span></h2>While the Basel Accord was agreed several years ago, it wasn't until after the banking crisis hit this year that the United States began to draft regulatory bills to comply with the agreement. During this crisis, a run on deposits led to the failure of Silicon Valley Bank and two other banks.</p><p>The proposal is the first major rule led by Barr, the Fed's vice chairman for supervision. Barr has launched a full review of the capital rules and is expected to take drastic measures on Wall Street.</p><p>Isaac Boltansky, head of policy research at brokerage BTIG, said, \"The baseline assumptions have changed to the proposal's<strong>Will be far more tougher than anyone expected at the end of last year</strong>”。</p><p>Banking executives argue that bank failures are caused by mismanagement and liquidity problems, and that the whole system is fully capitalized.</p><p>Three sources said,<strong>The proposal is also expected to have stricter capital rules apply to smaller banks with more than $100 billion in assets, including some that have experienced liquidity problems this year.</strong></p><p>Raising capital requirements now could backfire, weighing on the banking sector and hurting credit conditions, given investor unease about the health of the sector and the economy in general, bankers said.</p><p>Two people familiar with the matter said that among regulators<strong>Republican officials have expressed similar concerns</strong>, Republican lawmakers also raised concerns about capital rules with Powell on Wednesday.</p><p>Kevin Fromer, chief executive of the Financial Services Forum, said it is \"extremely important for regulators to be mindful of economic costs during times of uncertainty\",<strong>\"It is not in the interest of the American economy to raise capital requirements for institutions that are already well-capitalized\".</strong>Members of the forum include eight of the nation's largest banks.</p><p>The Federal Reserve is working with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to draft new regulatory rules. The regulator had hoped to unveil the proposal this month, but staff is still working on a draft, five people familiar with the matter said,<strong>The schedule has been pushed back to late July</strong>。 Both the OCC and FDIC declined to comment.</p><p>Michael Hsu, acting U.S. currency controller, told reporters last week that banks are \"not shy to share their concerns\" and that regulators are weighing the risks.</p><p></body></html></p>","source":"xnew_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>Wall Street can't sit still! New U.S. banking regulations may be tougher than expected</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\">\nWall Street can't sit still! New U.S. banking regulations may be tougher than expected\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2023-06-22 23:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The U.S. banking industry is pushing to soften a major regulatory proposal to raise bank capital requirements, according to six people familiar with the matter,<strong>Fears the proposal could be too onerous, especially for banks that still haven't recovered from the March banking crisis</strong>。</p><p>Banking regulators, led by the Federal Reserve, are finalizing a proposal that would implement international capital standards agreed by the Basel Committee on Banking Supervision in the wake of the 2007-2009 financial crisis.</p><p>Of particular concern to bankers is a proposal in the draft that<strong>Higher capital charges on non-interest income</strong>。 Non-interest income, such as fees charged by banks for credit cards or investment banking services.</p><p>The request is part of a package agreement reached by the Basel Committee in 2017, people familiar with the matter said. But the industry said,<strong>This exaggerates the risks faced by banks with a high percentage of non-interest income</strong>, and hopes that U.S. regulators will relax requirements.</p><p>The banking industry is urging regulators to set a cap on the proportion of assets to which such charges apply, but it is unclear whether regulators will take such an approach, three people familiar with the matter said.</p><p>An industry insider pointed out that in recent years,<strong>Non-interest service income has been a focus of growth strategies for many banks.</strong></p><p>According to a 2022 blog from the Bank Policy Institute in Washington,<a href=\"https://laohu8.com/S/AXP\">American Express</a>、<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>And UBS,<a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>And Barclays' U.S. subsidiary are both banks with a high proportion of non-interest income.</p><p><a href=\"https://laohu8.com/S/BCS\">Barclays Bank</a>、<a href=\"https://laohu8.com/S/0H7D.UK\">Deutsche Bank</a>And Morgan Stanley declined to comment. UBS and American Express were also not immediately available for comment.</p><p>On Wednesday, Federal Reserve Chairman Jerome Powell told Congress that it is critical for banks to have strong capital, but regulators must be mindful of the trade-offs to avoid challenges to banks' operations.</p><p><h2><span><span>More severe than expected</span>Regulation Coming? Wall Street shivers!</span></h2>While the Basel Accord was agreed several years ago, it wasn't until after the banking crisis hit this year that the United States began to draft regulatory bills to comply with the agreement. During this crisis, a run on deposits led to the failure of Silicon Valley Bank and two other banks.</p><p>The proposal is the first major rule led by Barr, the Fed's vice chairman for supervision. Barr has launched a full review of the capital rules and is expected to take drastic measures on Wall Street.</p><p>Isaac Boltansky, head of policy research at brokerage BTIG, said, \"The baseline assumptions have changed to the proposal's<strong>Will be far more tougher than anyone expected at the end of last year</strong>”。</p><p>Banking executives argue that bank failures are caused by mismanagement and liquidity problems, and that the whole system is fully capitalized.</p><p>Three sources said,<strong>The proposal is also expected to have stricter capital rules apply to smaller banks with more than $100 billion in assets, including some that have experienced liquidity problems this year.</strong></p><p>Raising capital requirements now could backfire, weighing on the banking sector and hurting credit conditions, given investor unease about the health of the sector and the economy in general, bankers said.</p><p>Two people familiar with the matter said that among regulators<strong>Republican officials have expressed similar concerns</strong>, Republican lawmakers also raised concerns about capital rules with Powell on Wednesday.</p><p>Kevin Fromer, chief executive of the Financial Services Forum, said it is \"extremely important for regulators to be mindful of economic costs during times of uncertainty\",<strong>\"It is not in the interest of the American economy to raise capital requirements for institutions that are already well-capitalized\".</strong>Members of the forum include eight of the nation's largest banks.</p><p>The Federal Reserve is working with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to draft new regulatory rules. The regulator had hoped to unveil the proposal this month, but staff is still working on a draft, five people familiar with the matter said,<strong>The schedule has been pushed back to late July</strong>。 Both the OCC and FDIC declined to comment.</p><p>Michael Hsu, acting U.S. currency controller, told reporters last week that banks are \"not shy to share their concerns\" and that regulators are weighing the risks.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://xnews.jin10.com/webapp/details.html?id=115509&type=news&data_type=0\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/34f4bf2aa1b8831fa8d83e8683b5b2b6","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DXD":"两倍做空道琼30指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","PSQ":"做空纳斯达克100指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","BK4559":"巴菲特持仓","BK4504":"桥水持仓","DDM":"2倍做多道指ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","QQQ":"纳指100ETF","BK4588":"碎股","DJX":"1/100道琼斯","BK4550":"红杉资本持仓","DOG":"道指ETF-ProShares做空","SH":"做空标普500-Proshares","SPXU":"三倍做空标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","OCC":"Optical Cable Corporation","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","TQQQ":"纳指三倍做多ETF","BK4581":"高盛持仓",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index","IVV":"标普500ETF-iShares",".IXIC":"NASDAQ Composite","BK4020":"通信设备","SDS":"两倍做空标普500 ETF-ProShares","OEF":"标普100指数ETF-iShares","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","QID":"两倍做空纳斯达克指数ETF-ProShares","OEX":"标普100"},"source_url":"https://xnews.jin10.com/webapp/details.html?id=115509&type=news&data_type=0","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2345500717","content_text":"据六名知情人士透露，美国银行业正推动软化一项提高银行资本金要求的重大监管提案，担心该提案可能过于繁重，尤其是对仍未从3月银行业危机中恢复过来的银行而言。以美联储为首的银行监管机构正在敲定一项提案，该提案将实施巴塞尔银行监管委员会在2007-2009年金融危机后达成的国际资本标准。银行家们尤其担心的是草案中的一项提议，即对非利息收入征收更高的资本费用。非利息收入比如银行对信用卡或投资银行服务收取的费用。知情人士称，这项要求是巴塞尔委员会于2017年达成的一揽子协议的一部分。但业内表示，这夸大了非利息收入占比较高的银行面临的风险，并希望美国监管机构能放松要求。三位知情人士表示，银行业正敦促监管机构对此类收费适用的资产比例设定上限，但尚不清楚监管机构是否会采取这种做法。一位业内人士指出，近年来，非利息服务收入一直是许多银行增长战略的重点。根据华盛顿银行政策研究所2022年的一篇博客，美国运通、摩根士丹利以及瑞银、德意志银行和巴克莱的美国子公司均属于非利息收入占比很高的银行。巴克莱银行、德意志银行和摩根士丹利拒绝就此事置评。瑞银和美国运通也没有立即发表评论。周三，美联储主席鲍威尔告诉国会，银行拥有雄厚的资本至关重要，但监管机构必须注意权衡，以避免银行的业务受到挑战。超预期严厉的监管要来了？华尔街瑟瑟发抖！虽然巴塞尔协议早在几年前就已达成，但直到今年银行业危机爆发后，美国才开始起草监管法案以遵守该协议。在这场危机中，存款挤兑导致硅谷银行和另外两家银行倒闭。该提案是美联储负责监管的副主席巴尔牵头制定的首条重大规则。巴尔已启动了对资本规则的全面评估，预计将对华尔街采取严厉措施。经纪公司BTIG政策研究主管艾萨克•博尔坦斯基（Isaac Boltansky）表示，“基准假设已经转变为，该提案的强硬程度将远远超出去年年底时任何人的预期”。银行业高管辨称，银行倒闭是由管理不善和流动性问题造成的，而且整个系统的资本已经充足。三名消息人士称，该提案预计还将让更严格的资本规则适用于资产超过1000亿美元的小型银行，其中包括一些今年遇到流动性问题的银行。银行家表示，鉴于投资者对该行业和整体经济的健康状况感到不安，现在增加资本金要求可能会适得其反，给银行业带来压力并损害信贷状况。两位知情人士说，监管机构中的共和党官员也表达了类似的担忧，周三共和党议员同样向鲍威尔提出了对资本规则的担忧。金融服务论坛首席执行官凯文·弗罗默（Kevin Fromer）表示，“在充满不确定性的时期，各监管机构要注意经济成本，这一点极其重要”，“对已经资本充足的机构提高资本金要求，不符合美国经济的利益”。该论坛的成员包括美国最大的八家银行。美联储正在与货币监理署（OCC）和联邦存款保险公司（FDIC）一起起草监管新规。五位知情人士表示，监管机构原本希望本月公布该提案，但工作人员仍在起草草案，时间表已推迟到7月下旬。OCC和FDIC都拒绝置评。美国货币代理主计长迈克尔·许（Michael Hsu）上周对记者表示，银行“并不羞于分享他们的担忧”，监管机构正在权衡风险。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"SQQQ":0.6,"SDOW":0.6,"SDS":0.6,".SPX":0.6,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"UDOW":0.6,"OEX":0.6,"OCC":1,"DXD":0.6,"UPRO":0.6,"DJX":0.6,".IXIC":0.65,"QLD":0.6,"SH":0.6,"DDM":0.6,"MNQmain":0.6,".DJI":0.65,"OEF":0.6,"IVV":0.6,"SPY":0.65,"NQmain":0.6,"QQQ":0.6,"SPXU":0.6,"DOG":0.6,"ESmain":0.6,"SSO":0.6}},"isVote":1,"tweetType":1,"viewCount":2305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190248901304496,"gmtCreate":1687473141791,"gmtModify":1687473145111,"author":{"id":"3583111190875685","authorId":"3583111190875685","name":"lcGoh","avatar":"https://community-static.tradeup.com/news/ea3d27fab7696dea29861dd0ec2eeec9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583111190875685","idStr":"3583111190875685"},"themes":[],"htmlText":"N","listText":"N","text":"N","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190248901304496","repostId":"1194491376","repostType":4,"repost":{"id":"1194491376","kind":"news","pubTimestamp":1687447307,"share":"https://ttm.financial/m/news/1194491376?lang=en_US&edition=fundamental","pubTime":"2023-06-22 23:21","market":"us","language":"zh","title":"'Fed mouthpiece': Powell highlights likely to raise rates again in the coming months","url":"https://stock-news.laohu8.com/highlight/detail?id=1194491376","media":"新浪财经","summary":"“美联储传声筒”Nick Timiraos撰文称，鲍威尔今日表示上周之所以没有提高利率，是因为美联储想要减缓其有史以来最快的加息步伐。但他强调，在未来几个月内可能会再次提高利率，且美联储内部绝大多数成","content":"<p><html><head></head><body>\"Fed mouthpiece\" Nick Timiraos wrote that Powell said today that the reason why he did not raise interest rates last week was because the Fed wanted to slow down its fastest pace of rate hike in history.</p><p><p style=\"text-align: start;\">But he stressed that interest rates may be raised again in the coming months, and the vast majority of members of the Fed believe that there is still room for interest rate hikes.</p><p><p style=\"text-align: start;\">Fed officials now believe that their past rate hike practices, coupled with recent pressures on the banking industry, may ultimately cause a more severe economic slowdown than expected, and they are trying to balance this risk. At the same time, they also face the risk that the economy may be more resilient than expected, and that inflation is too high to require them to raise interest rates higher than previously expected.</p><p></body></html></p>","source":"XLCJ","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'Fed mouthpiece': Powell highlights likely to raise rates again in the coming months</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'Fed mouthpiece': Powell highlights likely to raise rates again in the coming months\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2023-06-22 23:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>\"Fed mouthpiece\" Nick Timiraos wrote that Powell said today that the reason why he did not raise interest rates last week was because the Fed wanted to slow down its fastest pace of rate hike in history.</p><p><p style=\"text-align: start;\">But he stressed that interest rates may be raised again in the coming months, and the vast majority of members of the Fed believe that there is still room for interest rate hikes.</p><p><p style=\"text-align: start;\">Fed officials now believe that their past rate hike practices, coupled with recent pressures on the banking industry, may ultimately cause a more severe economic slowdown than expected, and they are trying to balance this risk. At the same time, they also face the risk that the economy may be more resilient than expected, and that inflation is too high to require them to raise interest rates higher than previously expected.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2023-06-22/doc-imyyevmm0024657.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/627bc890436e46f74a0fe8143398a725","relate_stocks":{},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2023-06-22/doc-imyyevmm0024657.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194491376","content_text":"“美联储传声筒”Nick Timiraos撰文称，鲍威尔今日表示上周之所以没有提高利率，是因为美联储想要减缓其有史以来最快的加息步伐。但他强调，在未来几个月内可能会再次提高利率，且美联储内部绝大多数成员都认为利率仍有上调空间。美联储官员目前认为，他们过去加息的做法，加上最近银行业面临的压力，最终可能造成比预期更为严重的经济放缓，他们试图平衡这一风险。同时他们还面临经济可能比预期更具有弹性，以及通胀率过高需要他们将利率提高得比之前预期更高所带来的风险。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190249367875712,"gmtCreate":1687473122351,"gmtModify":1687473125887,"author":{"id":"3583111190875685","authorId":"3583111190875685","name":"lcGoh","avatar":"https://community-static.tradeup.com/news/ea3d27fab7696dea29861dd0ec2eeec9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583111190875685","idStr":"3583111190875685"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190249367875712","repostId":"1133142033","repostType":4,"repost":{"id":"1133142033","kind":"news","pubTimestamp":1687447997,"share":"https://ttm.financial/m/news/1133142033?lang=en_US&edition=fundamental","pubTime":"2023-06-22 23:33","market":"us","language":"zh","title":"At the expense of destroying jobs? Powell: Two more rate hike is appropriate","url":"https://stock-news.laohu8.com/highlight/detail?id=1133142033","media":"金十数据","summary":"尽管议员质疑美联储抗通胀可能破坏就业，但鲍威尔极力为进一步紧缩的立场辩护，此前又一鹰派现身支持.......周四，美联储主席鲍威尔出席众议院金融服务委员会听证会，发言稿与周三的证词一模一样。在问答环节","content":"<p><html><head></head><body><strong>While lawmakers question that the Fed's inflation fight could destroy jobs, Powell vigorously defended further tightening after another hawk showed up in support.......</strong><p style=\"text-align: justify;\">On Thursday, Federal Reserve Chairman Jerome Powell attended a hearing of the House Financial Services Committee, and his speech was exactly the same as Wednesday's testimony. In the question-and-answer session,<strong>Powell defended the need for further rate hike, despite the possible impact on jobs.</strong></p><p><p style=\"text-align: justify;\">Senator Sherrod Brown, an Ohio Democrat and chairman of the Senate Banking Committee, questioned that the Fed's efforts to control inflation may lead to disproportionate job losses for racial and ethnic minorities. \"Where I live, what the Fed calls'calming the average person is laying off staff '.</p><p><p style=\"text-align: justify;\">Powell said that working families will be most directly and quickly affected by inflation. But he added that Fed officials currently believe that \"if the economy performs as expected,<strong>It would be appropriate to rate hike again this year and perhaps rate hike twice</strong>。”</p><p><p style=\"text-align: justify;\">According to it, the Committee<strong>The vast majority of people think there is still a little room for interest rates to rise</strong>。 Although inflation has declined, it is mainly due to the decline of energy and food prices, rather than monetary policy. He expects the unemployment rate to rise a little further, helping to slow inflation.</p><p><p style=\"text-align: justify;\">Lawmakers also questioned Powell on banking issues. He acknowledged that the Fed needs to strengthen its regulatory and supervisory practices,<strong>May raise capital requirements for large banks by 20%.</strong></p><p><p style=\"text-align: justify;\">Earlier that day, Fed Governor Bowman said the Fed needed to raise interest rates further to reduce inflation, meaning she joined the ranks of hawks,<strong>Hoping to resume rate hike in due course after holding interest rates unchanged last week.</strong></p><p><p style=\"text-align: justify;\">In remarks prepared for the Fed Listen event in Cleveland on Thursday, Bowman said:</p><p><strong>\"I support the Federal Open Market Committee's (FOMC) decision last week to keep the Federal Funds rate target range unchanged and continue to reduce Fed securities holdings. However, I believe that further policy rate increases are necessary over time to bring inflation down to target levels.\"</strong><p style=\"text-align: justify;\">Bowman reiterated Powell's message on Capitol Hill this week. Speaking before the House Finance Committee on Wednesday, he said policymakers expect the need to continue raising interest rates to slow U.S. economic growth and curb price pressures.</p><p><p style=\"text-align: justify;\">Now, Fed officials are beginning to decide on the best way to cool inflation<strong>Create more divisions</strong>。 While inflation is slowing, it remains above the Fed's 2% target.</p><p><p style=\"text-align: justify;\">Atlanta Fed President Bostic said Wednesday that he supports keeping interest rates steady for the rest of the year, giving inflation time to react to past rate hike actions. Bowman recently said that further increases in borrowing costs may be needed to reduce core inflation, which has remained high. She said:</p><p><strong>\"Although tight monetary policy has had some impact on economic activity and inflation so far, we have seen core inflation largely plateau since the fall of 2022. I expect that we will need to raise interest rates further to achieve sufficiently stringent monetary policy stance to effectively and durably reduce inflation.\"</strong></body></html></p>","source":"jssj","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>At the expense of destroying jobs? Powell: Two more rate hike is appropriate</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\">\nAt the expense of destroying jobs? Powell: Two more rate hike is appropriate\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2023-06-22 23:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><strong>While lawmakers question that the Fed's inflation fight could destroy jobs, Powell vigorously defended further tightening after another hawk showed up in support.......</strong><p style=\"text-align: justify;\">On Thursday, Federal Reserve Chairman Jerome Powell attended a hearing of the House Financial Services Committee, and his speech was exactly the same as Wednesday's testimony. In the question-and-answer session,<strong>Powell defended the need for further rate hike, despite the possible impact on jobs.</strong></p><p><p style=\"text-align: justify;\">Senator Sherrod Brown, an Ohio Democrat and chairman of the Senate Banking Committee, questioned that the Fed's efforts to control inflation may lead to disproportionate job losses for racial and ethnic minorities. \"Where I live, what the Fed calls'calming the average person is laying off staff '.</p><p><p style=\"text-align: justify;\">Powell said that working families will be most directly and quickly affected by inflation. But he added that Fed officials currently believe that \"if the economy performs as expected,<strong>It would be appropriate to rate hike again this year and perhaps rate hike twice</strong>。”</p><p><p style=\"text-align: justify;\">According to it, the Committee<strong>The vast majority of people think there is still a little room for interest rates to rise</strong>。 Although inflation has declined, it is mainly due to the decline of energy and food prices, rather than monetary policy. He expects the unemployment rate to rise a little further, helping to slow inflation.</p><p><p style=\"text-align: justify;\">Lawmakers also questioned Powell on banking issues. He acknowledged that the Fed needs to strengthen its regulatory and supervisory practices,<strong>May raise capital requirements for large banks by 20%.</strong></p><p><p style=\"text-align: justify;\">Earlier that day, Fed Governor Bowman said the Fed needed to raise interest rates further to reduce inflation, meaning she joined the ranks of hawks,<strong>Hoping to resume rate hike in due course after holding interest rates unchanged last week.</strong></p><p><p style=\"text-align: justify;\">In remarks prepared for the Fed Listen event in Cleveland on Thursday, Bowman said:</p><p><strong>\"I support the Federal Open Market Committee's (FOMC) decision last week to keep the Federal Funds rate target range unchanged and continue to reduce Fed securities holdings. However, I believe that further policy rate increases are necessary over time to bring inflation down to target levels.\"</strong><p style=\"text-align: justify;\">Bowman reiterated Powell's message on Capitol Hill this week. Speaking before the House Finance Committee on Wednesday, he said policymakers expect the need to continue raising interest rates to slow U.S. economic growth and curb price pressures.</p><p><p style=\"text-align: justify;\">Now, Fed officials are beginning to decide on the best way to cool inflation<strong>Create more divisions</strong>。 While inflation is slowing, it remains above the Fed's 2% target.</p><p><p style=\"text-align: justify;\">Atlanta Fed President Bostic said Wednesday that he supports keeping interest rates steady for the rest of the year, giving inflation time to react to past rate hike actions. Bowman recently said that further increases in borrowing costs may be needed to reduce core inflation, which has remained high. She said:</p><p><strong>\"Although tight monetary policy has had some impact on economic activity and inflation so far, we have seen core inflation largely plateau since the fall of 2022. I expect that we will need to raise interest rates further to achieve sufficiently stringent monetary policy stance to effectively and durably reduce inflation.\"</strong></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://xnews.jin10.com/details/115510\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b37cbfdbd9fac06fc4ae2f84ad058a92","relate_stocks":{},"source_url":"https://xnews.jin10.com/details/115510","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133142033","content_text":"尽管议员质疑美联储抗通胀可能破坏就业，但鲍威尔极力为进一步紧缩的立场辩护，此前又一鹰派现身支持.......周四，美联储主席鲍威尔出席众议院金融服务委员会听证会，发言稿与周三的证词一模一样。在问答环节，鲍威尔为进一步加息的必要性进行了辩护，尽管这可能对就业产生影响。俄亥俄州民主党参议员、参议院银行委员会主席谢罗德·布朗则质疑道，美联储控制通胀的努力有可能导致少数种族和少数族裔不成比例地失去工作机会。“在我居住的地方，美联储所说的‘让普通人冷静下来就是裁员’。鲍威尔对此表示，工薪家庭将最直接、最迅速地受到通胀的影响。但他补充说，美联储官员目前认为，“如果经济表现如预期，今年再次加息将是合适的，或许还会加息两次。”据其称，委员会中绝大多数人认为利率还有一点上升空间。虽然通胀出现下降，但主要是由于能源和食品价格出现了下降，而非货币政策（起了作用）。他预计失业率将会进一步上升一点，从而帮助减缓通胀。立法者还就银行业问题向鲍威尔提出质询。他承认，美联储需要加强其监管和监督实践，可能将对大型银行的资本要求提高20%。同日早些时候，美联储理事鲍曼表示，美联储需要进一步提高利率以降低通胀，这意味着她加入了鹰派的行列，希望在上周维持利率不变后适时恢复加息。鲍曼周四在为克利夫兰举行的美联储聆听活动准备的讲话中表示：“我支持联邦公开市场委员会（FOMC）上周保持联邦基金利率目标区间不变、并继续削减美联储证券持有量的决定，然而，我认为，随着时间的推移，有必要进一步上调政策利率，以将通胀降至目标水平。”鲍曼重申了鲍威尔本周在国会山传达的信息。他周三在众议院金融委员会发表讲话时表示，政策制定者预计需要继续提高利率，以减缓美国经济增长并遏制价格压力。 当前，美联储官员们开始在冷却通胀的最佳途径上产生更多分歧。虽然通胀正在放缓，但仍高于美联储2%的目标。亚特兰大联邦储备银行行长博斯蒂克周三表示，他支持在今年剩余时间内保持利率稳定，让通胀有时间对过去的加息行动做出反应。而鲍曼最新表示，可能需要进一步提高借贷成本来降低核心通胀，该指标一直居高不下。她说：“尽管迄今为止，紧缩的货币政策对经济活动和通胀产生了一些影响，但我们看到核心通胀自2022年秋季以来基本处于平稳状态。我预计，我们将需要进一步提高利率，以实现足够严格的货币政策立场，从而有效而持久地降低通胀。”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188140677566728,"gmtCreate":1686958515526,"gmtModify":1686958519289,"author":{"id":"3583111190875685","authorId":"3583111190875685","name":"lcGoh","avatar":"https://community-static.tradeup.com/news/ea3d27fab7696dea29861dd0ec2eeec9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583111190875685","idStr":"3583111190875685"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188140677566728","repostId":"2343195366","repostType":4,"repost":{"id":"2343195366","kind":"highlight","pubTimestamp":1686924939,"share":"https://ttm.financial/m/news/2343195366?lang=en_US&edition=fundamental","pubTime":"2023-06-16 22:15","market":"us","language":"zh","title":"It takes another 1% rate hike to make U.S. stocks fall! Wells Fargo: AI giants will usher in an \"Internet era-style\" boom","url":"https://stock-news.laohu8.com/highlight/detail?id=2343195366","media":"智通财经网","summary":"富国银行称，除非美联储再至少加息一个百分点，否则整体美股市场仍有上涨空间，可能出现类似于互联网泡沫时代的飙升。","content":"<p><html><head></head><body><a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>He said that unless the Federal Reserve rate hike by at least one percentage point, the overall U.S. stock market still has room to rise, and there may be a surge similar to that in the Internet bubble era.</p><p>Wells Fargo strategist Chris Harvey wrote in a note on Friday: \"After the S&P 500 not only broke our year-end target of 4,200, but also broke our'soft landing 'target of 4,420, we are thinking about the 1999/2000 playbook. That means looking for the inflection point of events, and that event is a recession.\"</p><p>Harvey said: \"We think the Fed's rate hike pause will move hyperscale AI companies to the'next level '. If 1999/2000 is any reference, 'new economy stocks' won't recession until the economy and'old economy stocks' recession, and this may not happen until the Fed raises interest rates above 6%.\"</p><p>Harvey added: \"We believe the Fed's actions have supported a modest rebound in super-large-cap stocks, which are not outrageously valued compared to the S&P 500 (and compared to 1999). However, recent overbought technicals suggest that super-large-cap stocks will pause their gains/pullbacks, while small-and mid-cap stocks will catch up.\"</p><p>Year-to-date, the S&P 500 is up 16% this year. Among the ultra-large-scale AI beneficiaries,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Shares are up nearly 200% over the same period.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Up nearly 50%,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Up 45%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 40%; At the same time, other tech giants followed suit,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Up 48%,<a href=\"https://laohu8.com/S/META\">Meta</a>Rose by more than 125%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It's up more than 135%.</p><p></body></html></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>It takes another 1% rate hike to make U.S. stocks fall! Wells Fargo: AI giants will usher in an \"Internet era-style\" boom</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\">\nIt takes another 1% rate hike to make U.S. stocks fall! Wells Fargo: AI giants will usher in an \"Internet era-style\" boom\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\">2023-06-16 22:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>He said that unless the Federal Reserve rate hike by at least one percentage point, the overall U.S. stock market still has room to rise, and there may be a surge similar to that in the Internet bubble era.</p><p>Wells Fargo strategist Chris Harvey wrote in a note on Friday: \"After the S&P 500 not only broke our year-end target of 4,200, but also broke our'soft landing 'target of 4,420, we are thinking about the 1999/2000 playbook. That means looking for the inflection point of events, and that event is a recession.\"</p><p>Harvey said: \"We think the Fed's rate hike pause will move hyperscale AI companies to the'next level '. If 1999/2000 is any reference, 'new economy stocks' won't recession until the economy and'old economy stocks' recession, and this may not happen until the Fed raises interest rates above 6%.\"</p><p>Harvey added: \"We believe the Fed's actions have supported a modest rebound in super-large-cap stocks, which are not outrageously valued compared to the S&P 500 (and compared to 1999). However, recent overbought technicals suggest that super-large-cap stocks will pause their gains/pullbacks, while small-and mid-cap stocks will catch up.\"</p><p>Year-to-date, the S&P 500 is up 16% this year. Among the ultra-large-scale AI beneficiaries,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Shares are up nearly 200% over the same period.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Up nearly 50%,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Up 45%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 40%; At the same time, other tech giants followed suit,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Up 48%,<a href=\"https://laohu8.com/S/META\">Meta</a>Rose by more than 125%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It's up more than 135%.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/947227.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/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{"BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","GOOGL":"谷歌A","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","SDS":"两倍做空标普500 ETF-ProShares","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","DXD":"两倍做空道琼30指数ETF-ProShares","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0354030511.USD":"ALLSPRING U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4538":"云计算","BK4504":"桥水持仓","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","UDOW":"三倍做多道指30ETF-ProShares","BK4579":"人工智能","BK4588":"碎股","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","SH":"做空标普500-Proshares","LU0061474960.USD":"天利环球焦点基金AU Acc","SPXU":"三倍做空标普500ETF-ProShares","BK4514":"搜索引擎","BK4573":"虚拟现实","SSO":"2倍做多标普500ETF-ProShares","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4561":"索罗斯持仓","LU0444971666.USD":"天利全球科技基金","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY \"A\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD) INC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","BK4527":"明星科技股","SPY":"标普500ETF","BK4077":"互动媒体与服务","IVV":"标普500ETF-iShares","LU0882574139.USD":"富达环球消费行业基金A ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","OEF":"标普100指数ETF-iShares","BK4576":"AR"},"source_url":"http://www.zhitongcaijing.com/content/detail/947227.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2343195366","content_text":"富国银行称，除非美联储再至少加息一个百分点，否则整体美股市场仍有上涨空间，可能出现类似于互联网泡沫时代的飙升。富国银行策略师Chris Harvey在周五的一份报告中写道:“在标普500指数不仅突破了我们设定的4200点年终目标，而且还突破了我们设定的4420点的‘软着陆’目标(可能性为20%)之后，我们正在想到了1999/2000年的剧本。这意味着寻找事件拐点，那个事件就是经济衰退。”Harvey表示:“我们认为美联储暂停加息将让超大规模的AI公司进入‘下一个水平’。如果1999/2000年的情况可以作为参考的话，‘新经济股票’不会衰退，直到经济和‘旧经济股票’衰退，而这可能要等到美联储将利率提高到6%以上才会发生。”Harvey补充称：“我们认为，美联储的行动支持了超级大盘股的适中反弹，与标普500指数(以及与1999年相比)相比，它们的估值并不离谱。不过，近期超买技术面暗示超级大盘股将暂停上涨/回调，而中小盘股将迎头赶上。”今年迄今，标普500指数今年上涨了16%。在超大规模的AI受益者中，英伟达股价同期上涨了近200%。苹果上涨近50%，微软上涨45%，谷歌母公司Alphabet上涨40%;与此同时，其他科技巨头也跟着上涨，亚马逊上涨了48%，Meta上涨了125%以上，特斯拉上涨了135%以上。","news_type":1,"symbols_score_info":{"SH":0.6,"GOOGL":0.65,"OEF":0.6,"SPY":0.9,"UDOW":0.6,"DXD":0.6,"SDS":0.6,"SPXU":0.6,"SSO":0.6,"ESmain":0.6,"IVV":0.6}},"isVote":1,"tweetType":1,"viewCount":2134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188141469691912,"gmtCreate":1686958496624,"gmtModify":1686958500149,"author":{"id":"3583111190875685","authorId":"3583111190875685","name":"lcGoh","avatar":"https://community-static.tradeup.com/news/ea3d27fab7696dea29861dd0ec2eeec9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583111190875685","idStr":"3583111190875685"},"themes":[],"htmlText":"N","listText":"N","text":"N","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188141469691912","repostId":"1176607777","repostType":4,"repost":{"id":"1176607777","kind":"news","weMediaInfo":{"introduction":"欢迎收听雷帝触网，雷帝触网是中国最多产的互联网科技自媒体，内容中立，快、准、狠，其由资深媒体人雷建平创办，雷建平是今日头条签约作家，也入驻了一点资讯、搜狐、网易等平台。","home_visible":1,"media_name":"雷递","id":"52","head_image":"https://static.tigerbbs.com/f45a6cbcc8ec48a7a2f52177324d0c16"},"pubTimestamp":1686926256,"share":"https://ttm.financial/m/news/1176607777?lang=en_US&edition=fundamental","pubTime":"2023-06-16 22:37","market":"hk","language":"zh","title":"Jitu sprints to Hong Kong stocks: annual revenue of US $7.3 billion, founder Li Jie has a relationship with Duan Yongping","url":"https://stock-news.laohu8.com/highlight/detail?id=1176607777","media":"雷递","summary":"极兔正成为中国快递行业的“黑马”。今日晚间，极兔递交招股书，准备在港交所上市。一旦上市，极兔将成继顺丰、京东物流、中通、申通、圆通及百世后，又一家上市的物流企业。年营收73亿美元极兔由OPPO印尼业务","content":"<p><html><head></head><body>Jitu is becoming a \"dark horse\" in China's express delivery industry. This evening, Jitu submitted a prospectus and prepared to be listed on the Hong Kong Stock Exchange.</p><p><p style=\"text-align: justify;\">Once listed, Jitu will become another listed logistics company after SF Express, JD Logistics, ZTO, Shentong, YTO and Best.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acd73f21f46a1282f0e4329c9dbdcf3a\" title=\"\" tg-width=\"863\" tg-height=\"661\"/></p><p><strong>Annual revenue of $7.3 billion</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/653b1ab95aedfd5f4eab3ca73c30a868\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"595\"/></p><p><p style=\"text-align: justify;\">Jitu was founded in Jakarta, the capital of Indonesia, in 2015 by Li Jie, founder of OPPO's Indonesian business. In 2019, Jitu became the second largest express delivery company in Southeast Asia. In the same year, Jitu acquired Shanghai Longbang Express and directly obtained express delivery business qualifications and express delivery in China. network.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a769053435e4f4770862f227b758156d\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"636\"/></p><p><p style=\"text-align: justify;\">According to the prospectus, Jitu's revenue in 2020, 2021, and 2022 will be US $1.535 billion, US $4.852 billion, and US $7.267 billion, respectively; The profits during the period were-664 million US dollars,-6.192 billion US dollars, and 1.573 billion US dollars, respectively.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6156c10acac896cb1544a492e2a83dc1\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"1191\"/></p><p><p style=\"text-align: justify;\">Jitu's adjusted EBITDA in 2020, 2021, and 2022 will be-321 million US dollars,-528 million US dollars, and-204 million US dollars, respectively.</p><p><p style=\"text-align: justify;\">Specifically, Jitu's adjusted EBITDA from Southeast Asia in 2020, 2021, and 2022 will be US $267 million, US $427 million, and US $332 million, respectively; The Chinese market is still in the investment period and in a state of loss, which are-616 million US dollars,-940 million US dollars, and-335 million US dollars respectively.</p><p><p style=\"text-align: justify;\"><strong>The younger generation in the industry has gained momentum</strong></p><p><p style=\"text-align: justify;\">The original structure of the domestic express delivery industry was three links and one delivery, plus SF Express and JD Express, but Jitu gained momentum in the country in a very short time. In just 10 months, Jitu's daily order volume exceeded 20 million. To achieve this goal, it took 16 years for China General Motors, 18 years for Yuan General Motors, 19 years for Yunda Yong, and 25 years for Shen General Motors.</p><p><p style=\"text-align: justify;\">By June 2022, it will be reported at the Jitu major customer meeting that the average daily business volume of the entire network has exceeded and stabilized at more than 40 million pieces, ranking among the first echelon of domestic express delivery companies.</p><p><p style=\"text-align: justify;\"><strong>Jitu has occupied such a large market share so quickly, and there are several axes:</strong></p><p><p style=\"text-align: justify;\"><strong>1. Relying on the original network system of OPPO and Vivo, it has risen rapidly.</strong></p><p><p style=\"text-align: justify;\">There are rumors on the Internet that an important reason for Jitu's early rise is to instigate express franchisees and talk about money rather than feelings. In the past few years, China's express delivery industry has been engaged in price wars year after year, which has continued to reduce the cost of express delivery by franchisees, and franchisees have complained.</p><p><p style=\"text-align: justify;\">At this time, Jitu was born, and by giving higher delivery fees, the franchisees of the \"Tongda Department\" were used by Jitu. In 2020, Jitu was once \"blocked\" by its peers. On April 6, 2021, the Yiwu Postal Administration even issued a warning letter to Jitu, pointing out its \"low-price dumping\" behavior.</p><p><p style=\"text-align: justify;\">People familiar with Jitu told Leidi.com that Jitu did not attract foreign investment in the early days, and it is still very popular. The reason is that Jitu relies on the original network system of OPPO and Vivo. There are a group of people who are willing to spend real money to follow suit when Jitu returns to China for development. They recognize the commercial and cultural value of Jitu and feel that Jitu will definitely be able to Success, this is the core reason supporting the early development of Jitu.</p><p><p style=\"text-align: justify;\">2. Continue to make large-scale acquisitions. Although it is new to the Chinese market, Jitu is not soft. In October 2021, Best and Jitu jointly announced a strategic cooperation intention. Best Group transferred its domestic express delivery business to Jitu at a price of approximately 6.8 billion yuan (US $1.1 billion).</p><p><p style=\"text-align: justify;\">Best sold its domestic express delivery business out of helplessness. Against the background of the continuous price war in the express delivery industry, Best struggled to survive in China and has become the worst express delivery company in the industry. From 2019 to the second quarter of 2021, the order volume of Best Express was 1.907 billion, 2.275 billion, and 2.301 billion, respectively. Although it is growing, its market share is 12.2%, 10.7%, and 8.4%, respectively, declining all the way.</p><p><p style=\"text-align: justify;\">However, a little value of Baishi is valued by Jitu-Baishi is the main express delivery service provider of Taobao. At that time, Zhou Shaoning, the founder of Best, held 47,790,698 Class C shares with 46.4% of the voting rights; Alibaba holds 48,900,357 Class A shares and 94,075,249 Class B shares, with 46.7% voting rights. In other words, Ali's voice is even greater than Zhou Shaoning's.</p><p><p style=\"text-align: justify;\">Jitu swallowed Baishi, and it has a foothold in China, officially joining the e-commerce express delivery camp. Industry insiders believe that \"Best's terminal outlets, executives, and major customer resources have allowed Jitu to really sit on the poker table.\"</p><p><p style=\"text-align: justify;\">The pace of Jitu's acquisition has not stopped. In May 2023, SF Holdings transferred its business Fengwang Holdings to Jitu at a price of 1.183 billion yuan. Fengwang Information's revenue in 2022 will be 3.275 billion yuan, and its net loss will be 747 million yuan; In the first quarter of 2023, the revenue was 691 million yuan, and the net loss was 143 million yuan.</p><p><p style=\"text-align: justify;\">Jitu can be said to spend money to make friends. Today, more than 30 e-commerce platforms such as Taobao, Kuaishou, Douyin, and Dangdang have reached cooperation with Jitu, and Fengwang covers 27 provinces and cities across the country, with 1,671 franchise outlets. All return to Jitu in the future.</p><p><p style=\"text-align: justify;\"><strong>3. The founder has a deep background in BBK</strong></p><p><p style=\"text-align: justify;\">Li Jie, the founder of Jitu, is an old subordinate of Chen Mingyong, the helm of OPPO, for many years, and a natural sales talent.</p><p><p style=\"text-align: justify;\">According to the data, Li Jie was born in Sichuan in 1967 and graduated from University of Science and Technology Beijing. After graduation, he worked in sales under the agent system of BBK. Because of his outstanding performance, he was poached by BBK.</p><p><p style=\"text-align: justify;\">There are rumors on the Internet that Duan Yongping appreciated Li Jie very much and brought Li Jie to BBK. The actual situation is that Chen Mingyong appreciates him very much and entrusts Li Jie with an important task. Since then, BBK has hatched OPPO, Vivo and Little Genius. Chen Mingyong has taken the helm of OPPO and brought Li Jie to OPPO.</p><p><p style=\"text-align: justify;\">Li Jie is very prominent in OPPO's sales business. After that, OPPO wanted to expand its business in Indonesia. Li Jie volunteered to go to Indonesia to open up the market when he couldn't even speak English or Indonesian. By 2020, OPPO's market share in Indonesia will reach 27.4%, surpassing Samsung.</p><p><p style=\"text-align: justify;\">As Chen Mingyong is a disciple of Duan Yongping, it can be said that Li Jie and Duan Yongping have a deep relationship, and they are also outstanding entrepreneurs who rely on BBK's cultural concept, marketing and strategic ability. However, in the early days when Jitu returned to China to start a business, Li Jie and Duan Yongping did not have much intersection.</p><p><p style=\"text-align: justify;\"><strong>Behind-the-scenes boss Duan Yongping and his Chinese disciples</strong></p><p><p style=\"text-align: justify;\">Duan Yongping graduated from the Radio Department of Zhejiang University in 1982. After graduation, he joined a state-owned enterprise. However, Duan Yongping, who was tired of life day after day, then chose to study for a master's degree in economics at the National People's Congress. After that, Duan Yongping went south to work in a small electronics factory and became the factory director in less than a year. Duan Yongping found great business opportunities in this process, and the Xiaobawang game console was born.</p><p><p style=\"text-align: justify;\">Duan Yongping not only turned Xiaobawang from a mess with an annual loss of 2 million yuan into a household name game console brand. Xiaobawang also hired Jackie Chan, a martial arts superstar, as his spokesperson, and the slogan \"Looking for Jackie Chan Xiaobawang\" was a household name at that time.</p><p><p style=\"text-align: justify;\">However, Duan Yongping's proposal to reform the shareholding system was rejected by the major shareholders. Since then, Duan Yongping has left, founded BBK, and created a business miracle. At the peak of his career, Duan Yongping fell in love with his junior sister Liu Xin. Under Duan Yongping's constant pursuit, Liu Xin was shaken.</p><p><p style=\"text-align: justify;\">Liu Xin suggested to Duan Yongping that as long as Duan Yongping dared to give up everything in China and live with himself in the United States, he would be willing to join hands with him all his life. In the face of career and love, Duan Yongping doesn't love Jiangshan and loves beauty. Duan Yongping decided to hand over all domestic industries to his friends and follow Liu Xin to live in the United States.</p><p><p style=\"text-align: justify;\">Since then, Duan Yongping has split BBK into three companies. Two of them are OPPO, which is in charge of Chen Mingyong, and vivo, which is in charge of Shen Wei. Jin Zhijiang later took over BBK and became the father of \"little genius\". The three of them, plus Huang Zheng, the founder of Pinduoduo, are known as Duan Yongping's \"four disciples\".</p><p><p style=\"text-align: justify;\">At that time, Duan Yongping instructed Huang Zheng to join Google, which was not listed at that time, instead of Microsoft, which was in full swing. Duan Yongping said at the time, \"Google seems to be a great company, and it is worth visiting. It's also good for your future business. If you go, stay for at least three years, because you can't really enter an important position and really get to know this company in a year or two.\"</p><p><p style=\"text-align: justify;\">In 2006, Duan Yongping photographed the lunch of \"stock god\" Buffett for $620,000. As the first Chinese to do so, Huang Zheng was among the people he brought there.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/198411c20eea7835d410777e415e8387\" alt=\"\" title=\"\" tg-width=\"874\" tg-height=\"475\"/></p><p><p style=\"text-align: justify;\">Huang Zheng worked in Google for 3 years, followed Google to go public, and soon became worth of millions of dollars. In 2007, Huang Zheng spent three years at Google and decided to return to China to start a business. Duan Yongping is also the chairman of BBK, so he handed over one of the e-commerce businesses to him. Soon, Ouku.com, led by Huang Zheng, went online and was controlled by BBK. Since then, Duan Yongping has given Huang Zheng more or less guidance or help at all stages of Huang Zheng's entrepreneurship.</p><p><p style=\"text-align: justify;\">Huang Zheng once said, \"Lao Duan has a great influence on me. Chen Mingyong is the big apprentice, Shen Wei is the second apprentice, Jin Zhijiang is the third apprentice, and I am the fourth apprentice of the next generation.\" The three \"senior brothers\" Chen Yongming, Shen Wei and Jin Zhijiang are the founders of OPPO, the founders of Vivo and the CEO of BBK respectively. The investment of the first company that Huang Zheng returned to China to start a business also came from Duan Yongping.</p><p><p style=\"text-align: justify;\">Duan Yongping once said: Huang Zheng and I have been friends for more than 10 years. I know him and believe him. Huang Zheng is a rare and savvy person I know. He pays attention to the essence of things.</p><p><p style=\"text-align: justify;\">In the development of Pinduoduo, Duan Yongping also gave support. Duan Yongping is also an angel investor in Pinduoduo. Investing in Pinduoduo also made Duan Yongping get huge returns.</p><p><p style=\"text-align: justify;\">Nowadays, although Duan Yongping is not in China, the story of Duan Yongping will always be circulated in the Jianghu.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9edac35a59ad49044b51cb57cc6c470\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"597\"/></p><p><p style=\"text-align: justify;\">Recently, OPPO did not design chips, saying that in the face of the uncertainty of the global economy and mobile phone market, after careful consideration, the company decided to terminate the ZEKU business. OPPO said it was a difficult decision.</p><p><p style=\"text-align: justify;\">Behind this decision, there is also the shadow of Duan Yongping.</p><p><p style=\"text-align: justify;\">Duan Yongping commented on the Internet that among all the businesses that have stopped voluntarily in recent years, the only one that felt a survival crisis was that BBK sold the first batch of VCDs. At that time, there was a problem with the Sanyo movement used in the product, and BBK subsequently recalled all the 200,000 machines sold. \"That time was really uncomfortable\".</p><p><p style=\"text-align: justify;\">Duan Yongping pointed out, \"The sooner you correct your mistakes, the better. No matter how big the cost is, it is the smallest cost! This is not the first business we shut down, and it will never be the last. If anyone asks us why we shut down these businesses, I will have to black them out directly.\"</p><p></body></html></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>Jitu sprints to Hong Kong stocks: annual revenue of US $7.3 billion, founder Li Jie has a relationship with Duan Yongping</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\">\nJitu sprints to Hong Kong stocks: annual revenue of US $7.3 billion, founder Li Jie has a relationship with Duan Yongping\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/52\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/f45a6cbcc8ec48a7a2f52177324d0c16);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">雷递 </p>\n<p class=\"h-time smaller\">2023-06-16 22:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Jitu is becoming a \"dark horse\" in China's express delivery industry. This evening, Jitu submitted a prospectus and prepared to be listed on the Hong Kong Stock Exchange.</p><p><p style=\"text-align: justify;\">Once listed, Jitu will become another listed logistics company after SF Express, JD Logistics, ZTO, Shentong, YTO and Best.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/acd73f21f46a1282f0e4329c9dbdcf3a\" title=\"\" tg-width=\"863\" tg-height=\"661\"/></p><p><strong>Annual revenue of $7.3 billion</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/653b1ab95aedfd5f4eab3ca73c30a868\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"595\"/></p><p><p style=\"text-align: justify;\">Jitu was founded in Jakarta, the capital of Indonesia, in 2015 by Li Jie, founder of OPPO's Indonesian business. In 2019, Jitu became the second largest express delivery company in Southeast Asia. In the same year, Jitu acquired Shanghai Longbang Express and directly obtained express delivery business qualifications and express delivery in China. network.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a769053435e4f4770862f227b758156d\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"636\"/></p><p><p style=\"text-align: justify;\">According to the prospectus, Jitu's revenue in 2020, 2021, and 2022 will be US $1.535 billion, US $4.852 billion, and US $7.267 billion, respectively; The profits during the period were-664 million US dollars,-6.192 billion US dollars, and 1.573 billion US dollars, respectively.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6156c10acac896cb1544a492e2a83dc1\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"1191\"/></p><p><p style=\"text-align: justify;\">Jitu's adjusted EBITDA in 2020, 2021, and 2022 will be-321 million US dollars,-528 million US dollars, and-204 million US dollars, respectively.</p><p><p style=\"text-align: justify;\">Specifically, Jitu's adjusted EBITDA from Southeast Asia in 2020, 2021, and 2022 will be US $267 million, US $427 million, and US $332 million, respectively; The Chinese market is still in the investment period and in a state of loss, which are-616 million US dollars,-940 million US dollars, and-335 million US dollars respectively.</p><p><p style=\"text-align: justify;\"><strong>The younger generation in the industry has gained momentum</strong></p><p><p style=\"text-align: justify;\">The original structure of the domestic express delivery industry was three links and one delivery, plus SF Express and JD Express, but Jitu gained momentum in the country in a very short time. In just 10 months, Jitu's daily order volume exceeded 20 million. To achieve this goal, it took 16 years for China General Motors, 18 years for Yuan General Motors, 19 years for Yunda Yong, and 25 years for Shen General Motors.</p><p><p style=\"text-align: justify;\">By June 2022, it will be reported at the Jitu major customer meeting that the average daily business volume of the entire network has exceeded and stabilized at more than 40 million pieces, ranking among the first echelon of domestic express delivery companies.</p><p><p style=\"text-align: justify;\"><strong>Jitu has occupied such a large market share so quickly, and there are several axes:</strong></p><p><p style=\"text-align: justify;\"><strong>1. Relying on the original network system of OPPO and Vivo, it has risen rapidly.</strong></p><p><p style=\"text-align: justify;\">There are rumors on the Internet that an important reason for Jitu's early rise is to instigate express franchisees and talk about money rather than feelings. In the past few years, China's express delivery industry has been engaged in price wars year after year, which has continued to reduce the cost of express delivery by franchisees, and franchisees have complained.</p><p><p style=\"text-align: justify;\">At this time, Jitu was born, and by giving higher delivery fees, the franchisees of the \"Tongda Department\" were used by Jitu. In 2020, Jitu was once \"blocked\" by its peers. On April 6, 2021, the Yiwu Postal Administration even issued a warning letter to Jitu, pointing out its \"low-price dumping\" behavior.</p><p><p style=\"text-align: justify;\">People familiar with Jitu told Leidi.com that Jitu did not attract foreign investment in the early days, and it is still very popular. The reason is that Jitu relies on the original network system of OPPO and Vivo. There are a group of people who are willing to spend real money to follow suit when Jitu returns to China for development. They recognize the commercial and cultural value of Jitu and feel that Jitu will definitely be able to Success, this is the core reason supporting the early development of Jitu.</p><p><p style=\"text-align: justify;\">2. Continue to make large-scale acquisitions. Although it is new to the Chinese market, Jitu is not soft. In October 2021, Best and Jitu jointly announced a strategic cooperation intention. Best Group transferred its domestic express delivery business to Jitu at a price of approximately 6.8 billion yuan (US $1.1 billion).</p><p><p style=\"text-align: justify;\">Best sold its domestic express delivery business out of helplessness. Against the background of the continuous price war in the express delivery industry, Best struggled to survive in China and has become the worst express delivery company in the industry. From 2019 to the second quarter of 2021, the order volume of Best Express was 1.907 billion, 2.275 billion, and 2.301 billion, respectively. Although it is growing, its market share is 12.2%, 10.7%, and 8.4%, respectively, declining all the way.</p><p><p style=\"text-align: justify;\">However, a little value of Baishi is valued by Jitu-Baishi is the main express delivery service provider of Taobao. At that time, Zhou Shaoning, the founder of Best, held 47,790,698 Class C shares with 46.4% of the voting rights; Alibaba holds 48,900,357 Class A shares and 94,075,249 Class B shares, with 46.7% voting rights. In other words, Ali's voice is even greater than Zhou Shaoning's.</p><p><p style=\"text-align: justify;\">Jitu swallowed Baishi, and it has a foothold in China, officially joining the e-commerce express delivery camp. Industry insiders believe that \"Best's terminal outlets, executives, and major customer resources have allowed Jitu to really sit on the poker table.\"</p><p><p style=\"text-align: justify;\">The pace of Jitu's acquisition has not stopped. In May 2023, SF Holdings transferred its business Fengwang Holdings to Jitu at a price of 1.183 billion yuan. Fengwang Information's revenue in 2022 will be 3.275 billion yuan, and its net loss will be 747 million yuan; In the first quarter of 2023, the revenue was 691 million yuan, and the net loss was 143 million yuan.</p><p><p style=\"text-align: justify;\">Jitu can be said to spend money to make friends. Today, more than 30 e-commerce platforms such as Taobao, Kuaishou, Douyin, and Dangdang have reached cooperation with Jitu, and Fengwang covers 27 provinces and cities across the country, with 1,671 franchise outlets. All return to Jitu in the future.</p><p><p style=\"text-align: justify;\"><strong>3. The founder has a deep background in BBK</strong></p><p><p style=\"text-align: justify;\">Li Jie, the founder of Jitu, is an old subordinate of Chen Mingyong, the helm of OPPO, for many years, and a natural sales talent.</p><p><p style=\"text-align: justify;\">According to the data, Li Jie was born in Sichuan in 1967 and graduated from University of Science and Technology Beijing. After graduation, he worked in sales under the agent system of BBK. Because of his outstanding performance, he was poached by BBK.</p><p><p style=\"text-align: justify;\">There are rumors on the Internet that Duan Yongping appreciated Li Jie very much and brought Li Jie to BBK. The actual situation is that Chen Mingyong appreciates him very much and entrusts Li Jie with an important task. Since then, BBK has hatched OPPO, Vivo and Little Genius. Chen Mingyong has taken the helm of OPPO and brought Li Jie to OPPO.</p><p><p style=\"text-align: justify;\">Li Jie is very prominent in OPPO's sales business. After that, OPPO wanted to expand its business in Indonesia. Li Jie volunteered to go to Indonesia to open up the market when he couldn't even speak English or Indonesian. By 2020, OPPO's market share in Indonesia will reach 27.4%, surpassing Samsung.</p><p><p style=\"text-align: justify;\">As Chen Mingyong is a disciple of Duan Yongping, it can be said that Li Jie and Duan Yongping have a deep relationship, and they are also outstanding entrepreneurs who rely on BBK's cultural concept, marketing and strategic ability. However, in the early days when Jitu returned to China to start a business, Li Jie and Duan Yongping did not have much intersection.</p><p><p style=\"text-align: justify;\"><strong>Behind-the-scenes boss Duan Yongping and his Chinese disciples</strong></p><p><p style=\"text-align: justify;\">Duan Yongping graduated from the Radio Department of Zhejiang University in 1982. After graduation, he joined a state-owned enterprise. However, Duan Yongping, who was tired of life day after day, then chose to study for a master's degree in economics at the National People's Congress. After that, Duan Yongping went south to work in a small electronics factory and became the factory director in less than a year. Duan Yongping found great business opportunities in this process, and the Xiaobawang game console was born.</p><p><p style=\"text-align: justify;\">Duan Yongping not only turned Xiaobawang from a mess with an annual loss of 2 million yuan into a household name game console brand. Xiaobawang also hired Jackie Chan, a martial arts superstar, as his spokesperson, and the slogan \"Looking for Jackie Chan Xiaobawang\" was a household name at that time.</p><p><p style=\"text-align: justify;\">However, Duan Yongping's proposal to reform the shareholding system was rejected by the major shareholders. Since then, Duan Yongping has left, founded BBK, and created a business miracle. At the peak of his career, Duan Yongping fell in love with his junior sister Liu Xin. Under Duan Yongping's constant pursuit, Liu Xin was shaken.</p><p><p style=\"text-align: justify;\">Liu Xin suggested to Duan Yongping that as long as Duan Yongping dared to give up everything in China and live with himself in the United States, he would be willing to join hands with him all his life. In the face of career and love, Duan Yongping doesn't love Jiangshan and loves beauty. Duan Yongping decided to hand over all domestic industries to his friends and follow Liu Xin to live in the United States.</p><p><p style=\"text-align: justify;\">Since then, Duan Yongping has split BBK into three companies. Two of them are OPPO, which is in charge of Chen Mingyong, and vivo, which is in charge of Shen Wei. Jin Zhijiang later took over BBK and became the father of \"little genius\". The three of them, plus Huang Zheng, the founder of Pinduoduo, are known as Duan Yongping's \"four disciples\".</p><p><p style=\"text-align: justify;\">At that time, Duan Yongping instructed Huang Zheng to join Google, which was not listed at that time, instead of Microsoft, which was in full swing. Duan Yongping said at the time, \"Google seems to be a great company, and it is worth visiting. It's also good for your future business. If you go, stay for at least three years, because you can't really enter an important position and really get to know this company in a year or two.\"</p><p><p style=\"text-align: justify;\">In 2006, Duan Yongping photographed the lunch of \"stock god\" Buffett for $620,000. As the first Chinese to do so, Huang Zheng was among the people he brought there.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/198411c20eea7835d410777e415e8387\" alt=\"\" title=\"\" tg-width=\"874\" tg-height=\"475\"/></p><p><p style=\"text-align: justify;\">Huang Zheng worked in Google for 3 years, followed Google to go public, and soon became worth of millions of dollars. In 2007, Huang Zheng spent three years at Google and decided to return to China to start a business. Duan Yongping is also the chairman of BBK, so he handed over one of the e-commerce businesses to him. Soon, Ouku.com, led by Huang Zheng, went online and was controlled by BBK. Since then, Duan Yongping has given Huang Zheng more or less guidance or help at all stages of Huang Zheng's entrepreneurship.</p><p><p style=\"text-align: justify;\">Huang Zheng once said, \"Lao Duan has a great influence on me. Chen Mingyong is the big apprentice, Shen Wei is the second apprentice, Jin Zhijiang is the third apprentice, and I am the fourth apprentice of the next generation.\" The three \"senior brothers\" Chen Yongming, Shen Wei and Jin Zhijiang are the founders of OPPO, the founders of Vivo and the CEO of BBK respectively. The investment of the first company that Huang Zheng returned to China to start a business also came from Duan Yongping.</p><p><p style=\"text-align: justify;\">Duan Yongping once said: Huang Zheng and I have been friends for more than 10 years. I know him and believe him. Huang Zheng is a rare and savvy person I know. He pays attention to the essence of things.</p><p><p style=\"text-align: justify;\">In the development of Pinduoduo, Duan Yongping also gave support. Duan Yongping is also an angel investor in Pinduoduo. Investing in Pinduoduo also made Duan Yongping get huge returns.</p><p><p style=\"text-align: justify;\">Nowadays, although Duan Yongping is not in China, the story of Duan Yongping will always be circulated in the Jianghu.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9edac35a59ad49044b51cb57cc6c470\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"597\"/></p><p><p style=\"text-align: justify;\">Recently, OPPO did not design chips, saying that in the face of the uncertainty of the global economy and mobile phone market, after careful consideration, the company decided to terminate the ZEKU business. OPPO said it was a difficult decision.</p><p><p style=\"text-align: justify;\">Behind this decision, there is also the shadow of Duan Yongping.</p><p><p style=\"text-align: justify;\">Duan Yongping commented on the Internet that among all the businesses that have stopped voluntarily in recent years, the only one that felt a survival crisis was that BBK sold the first batch of VCDs. At that time, there was a problem with the Sanyo movement used in the product, and BBK subsequently recalled all the 200,000 machines sold. \"That time was really uncomfortable\".</p><p><p style=\"text-align: justify;\">Duan Yongping pointed out, \"The sooner you correct your mistakes, the better. No matter how big the cost is, it is the smallest cost! This is not the first business we shut down, and it will never be the last. If anyone asks us why we shut down these businesses, I will have to black them out directly.\"</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/40dd845f64e42ec14a01fe03bcfb6b6e","relate_stocks":{"01519":"极兔速递-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176607777","content_text":"极兔正成为中国快递行业的“黑马”。今日晚间，极兔递交招股书，准备在港交所上市。一旦上市，极兔将成继顺丰、京东物流、中通、申通、圆通及百世后，又一家上市的物流企业。年营收73亿美元极兔由OPPO印尼业务创始人李杰2015年于印尼首都雅加达创办，2019年，极兔成为东南亚第二大快递公司，同一年，极兔收购上海龙邦快递，在中国直接获得快递经营资质和快递网络。招股书显示，极兔2020年、2021年、2022年营收分别为15.35亿美元、48.52亿美元、72.67亿美元；期内利润分别为-6.64亿美元、-61.92亿美元、15.73亿美元。极兔2020年、2021年、2022年经调整EBITDA分别为-3.21亿美元、-5.28亿美元、-2.04亿美元。具体来看，极兔2020年、2021年、2022年来自东南亚的经调整EBITDA分别为2.67亿美元、4.27亿美元、3.32亿美元；在中国市场仍处于投入期，处于亏损状态，分别为-6.16亿美元、-9.4亿美元、-3.35亿美元。行业后辈 却声势鹊起国内快递行业原本的格局是三通一达，加顺丰和京东快递，但极兔以极短的时间在国内声势鹊起，只用10个月时间，极兔日单量突破2000万。达到这一目标，中通用16年，圆通用18年，韵达用19年，申通用25年。到2022年6月，极兔大客户会上传出，全网日均业务量已经突破且稳定在4000万件以上，跻身国内快递公司第一梯队。极兔这么快占领这么大市场份额，有几板斧：1，依托OPPO、Vivo原有的网络体系快速崛起。网上有传闻称，极兔早期能崛起的重要原因是，策反快递加盟商，谈钱不谈感情。过去几年，中国快递行业连年不断价格战，持续压低加盟商送快递的费用，加盟商们怨声载道。这个时候，极兔横空出世，通过给予更高的派件费用，让“通达系”的加盟商为极兔所用。2020年，极兔一度遭同行集体“封杀”。2021年4月6日，义乌邮政管理局更曾对极兔下发警示函，直指其“低价倾销”行为。熟悉极兔的人士对雷递网表示，极兔早期并没有对外做过招商，依然非常抢手。原因是，极兔依托OPPO、Vivo原有的网络体系，有一帮人愿意在极兔回国发展的时候，愿意拿出真金白银跟着干，认可极兔的商业和文化价值，觉得极兔一定能成，这是支撑极兔早期发展的最核心原因。2，持续大手笔收购。尽管在中国市场初来乍到，但极兔出手并不手软。2021年10月，百世和极兔共同宣布达成战略合作意向，百世集团将其在国内的快递业务以约68亿元（合11亿美元）的价格转让给极兔。百世卖掉国内快递业务，也是出于无奈，在快递行业持续价格战的背景下，百世在国内艰难求生，已经沦为了行业最差快递公司。百世快递在2019年-2021年第二季度单量分别为19.07亿、22.75亿、23.01亿，虽然在增长，但其市场份额分别为12.2%、10.7%、8.4%，一路下滑。不过，百世有一点的价值却为极兔所看重——百世是淘系的主要快递服务商。在当时，百世创始人周韶宁持有47,790,698股C类股，有46.4%的投票权；阿里持有48,900,357股A类股，及94,075,249股B类股，有46.7%的投票权。也就是说，阿里的话语权甚至比周韶宁还大。极兔吞下百世，在中国就有了立足之地，正式加入电商快递的大营。行业人士认为，“百世的末端网点、高管、大客户资源让极兔真正坐上了牌桌。”极兔的收购步伐也并未停止。2023年5月，顺丰控股又将旗下业务丰网控股转让给了极兔，作价11.83亿元。丰网信息2022年营收为32.75亿元，净亏损为7.47亿元；2023年第一季度营收为6.91亿元，净亏损为1.43亿元。极兔可谓是花钱交朋友，如今，淘宝、快手、抖音、当当等30多家电商平台都与极兔达成了合作，且丰网覆盖的全国27个省市，1671个加盟网点，以后全归极兔。3，创始人有很深步步高背景极兔创始人李杰是OPPO掌舵人陈明永多年的老部下，也是一位天生的销售人才。资料显示，李杰1967年出生于四川，毕业于北京科技大学，毕业后在步步高的代理商体系下从事销售工作。因业绩突出，被步步高挖角。网上有传闻称，是段永平非常欣赏李杰，将李杰带到了步步高。实际情况是陈明永非常欣赏他，对李杰委以重任。此后，步步高孵化出了OPPO、Vivo和小天才，陈明永掌舵了OPPO，也把李杰带到OPPO。李杰在OPPO销售业务非常突出。此后，OPPO要到印尼拓展业务，李杰在连英语和印尼语都不会的情况下，主动请缨去了印尼，开拓市场，到2020年OPPO在印尼的市场份额达到27.4%，超过三星。由于陈明永是段永平的门徒，可以说，李杰与段永平是有很深渊源的，也是依托步步高文化理念、营销与战略能力冒出的杰出创业者。不过，一直在极兔回国创业的早期，李杰与段永平并无太多的交集。幕后大佬段永平和他的中国门徒段永平1982年的时候毕业于浙江大学无线电系，毕业后进入国企工作，但厌倦了日复一日生活的段永平随后又选择去人大读经济学硕士。这之后，段永平南下到一家小型电子工厂工作，不到一年时间就成为厂长。段永平在这个过程中发现了很大商机，小霸王游戏机由此诞生。段永平不仅将小霸王从一个年度亏损达200万元的烂摊子，变成了家喻户晓的游戏主机品牌。小霸王还聘请武打巨星成龙担任代言人，“望子成龙小霸王”广告语在当时家喻户晓。不过，段永平的股份制改造建议遭遇大股东拒绝，此后，段永平出走，创办了步步高，并创造了一个商业奇迹。在事业取得高峰的时候，段永平爱上了他的师妹刘昕，在段永平不断追求下，刘昕动摇了。刘昕对段永平提出，只要段永平敢放弃在国内的一切，跟着自己在美国生活就愿意和他携手一生。事业和爱情面前，段永平在不爱江山爱美人。段永平在决定把国内的产业都交给他的朋友们，跟随刘昕远赴美国生活。此后，段永平将步步高拆为三家公司。其中两家便是陈明永负责的OPPO和沈炜负责的vivo，金志江则在后来接任了步步高，并成为“小天才”之父。他们三位加上拼多多创始人黄峥，被称为段永平的“四大门徒”。当年，段永平指点黄峥加盟当时未上市的谷歌工作，而非如日中天的微软。段永平当时说，“Google看起来是一家挺牛的公司，值得去看看。对你未来创业也是有好处的。去的话至少呆三年，因为一两年没法真正进入重要的岗位，真正了解这个公司。”段永平在2006年以62万美元的价格拍下“股神”巴菲特的午餐，为第一位这样做的华人，带过去的人中就有黄峥。黄峥在谷歌工作了3年，跟随谷歌上市，很快拥有百万美元身家。2007年，黄峥在谷歌满三年，决定回国创业。段永平还是步步高的董事长，便将其中一块电商业务交予他。不久，黄峥主导的欧酷网上线，由步步高控股。此后，黄铮创业各个阶段，段永平或多或少给予黄峥以指导或帮助。黄峥曾说，“老段对我的影响非常大，陈明永是大徒弟，沈炜是二徒弟，金志江是三徒弟，我算是下一代的四徒弟。”黄峥上面提到的3位“师兄”陈永明、沈炜和金志江，分别是OPPO创始人、Vivo创始人和步步高的CEO。黄峥回国创业的第一家公司的投资也是来自段永平。段永平曾表示：我和黄峥10 多年的朋友了，我了解他、相信他。黄峥是我知道的少见的很有悟性的人，他关注事物本质。在拼多多的发展中，段永平也给予了支持，段永平也是拼多多的天使投资人。而投资拼多多，也使得段永平获得了巨额的回报。如今，虽然段永平不在国内，但江湖永远流传着段永平的故事。近期，OPPO不做芯片设计，称面对全球经济、手机市场的不确定性，经过慎重考虑，公司决定终止ZEKU业务。OPPO表示，这是艰难的决定。这个决定背后，也有段永平的影子。段永平就在网上点评说，这些年所有主动停止的业务里，唯一感到生存危机的是步步高卖出第一批VCD。当时产品用的三洋机芯出了问题，步步高随后把卖出的20万台机器全部召回了，“那一次确实难受”。段永平指出，“改正错误越早越好，不管多大的代价都是最小的代价！这不是我们关掉的第一个业务，也绝不会是最后一个。谁再问我们为什么关掉这些业务，我就只好直接拉黑了哈。”","news_type":1,"symbols_score_info":{"01519":1}},"isVote":1,"tweetType":1,"viewCount":2402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188140553883896,"gmtCreate":1686958478118,"gmtModify":1686958481789,"author":{"id":"3583111190875685","authorId":"3583111190875685","name":"lcGoh","avatar":"https://community-static.tradeup.com/news/ea3d27fab7696dea29861dd0ec2eeec9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583111190875685","idStr":"3583111190875685"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188140553883896","repostId":"1133979930","repostType":4,"repost":{"id":"1133979930","kind":"news","pubTimestamp":1686927123,"share":"https://ttm.financial/m/news/1133979930?lang=en_US&edition=fundamental","pubTime":"2023-06-16 22:52","market":"us","language":"zh","title":"AbbVie and BeiGene: You can't step into the same river","url":"https://stock-news.laohu8.com/highlight/detail?id=1133979930","media":"氨基观察","summary":"“专利，是给天才之火加上利润之油”，林肯的这句名言，被创新药领域的重磅炸弹药物一次次印证。药企之间，没有什么比一场成功的专利战，更能将对手一击致命。但同时，被狙击的一方，绝不会轻易束手就擒，往往会用尽","content":"<p><html><head></head><body>\"Patents are the oil that adds profit to the fire of genius.\" Lincoln's famous saying has been confirmed again and again by blockbuster drugs in the field of innovative drugs.</p><p><p style=\"text-align: justify;\">Among pharmaceutical companies, nothing can kill their opponents more than a successful patent war. But at the same time, the party who was attacked would never surrender easily, and would often resist with all its strength.</p><p><p style=\"text-align: justify;\">Therefore, more often than not, the start of a patent war means that a tug-of-war begins. In many cases, the end of patent wars is that a protracted confrontation ended in reconciliation.</p><p><p style=\"text-align: justify;\">In the past, the protagonists of patent wars were often overseas pharmaceutical companies. However, as domestic pharmaceutical companies play an increasingly important role in the research and development of global innovative drugs, overseas pharmaceutical companies that feel threatened have begun to include domestic pharmaceutical companies in the patent sniper list.</p><p><p style=\"text-align: justify;\">The latest domestic pharmaceutical company to be attacked is<a href=\"https://laohu8.com/S/BGNE\">BeiGene</a>。</p><p><p style=\"text-align: justify;\">On June 15, according to Bloomberg News, AbbVie's complaint will<a href=\"https://laohu8.com/S/688235\">BeiGene</a>Zanubrutinib sued in court, claiming that it infringed the patent of ibrutinib.</p><p><p style=\"text-align: justify;\">This does not mean that zanubrutinib necessarily constitutes an infringement fact. It's just that at the moment<a href=\"https://laohu8.com/S/06160\">BeiGene</a>And AbbVie happened to stand in front of the same opportunity as BTK inhibitors.</p><p><p style=\"text-align: justify;\">In the business world of survival of the fittest, zanubrutinib and ibrutinib cannot step into the same river. Patent sniping is a means that AbbVie must use in order to stabilize its position.</p><p><p style=\"text-align: justify;\">Regardless of the outcome, the confrontation between AbbVie and BeiGene is a precious sample for China's innovative drug industry.</p><p><p style=\"text-align: left;\"><strong>/01/</strong></p><p><p style=\"text-align: left;\"><strong>The battle for BTK inhibitors</strong></p><p><p style=\"text-align: justify;\">Since its inception in 2013, the sales of AbbVie's BTK inhibitor ibrutinib have been running wildly. In 2021, ibrutinib will be AbbVie,<a href=\"https://laohu8.com/S/JNJ\">Johnson Johnson</a>Brought in a total of $9.8 billion in revenue.</p><p><p style=\"text-align: justify;\">Ibrutinib's super gold-absorbing ability has attracted many players to enter the game. Five BTK inhibitors have been approved for marketing around the world. Among them, one of the strongest players is Zanubrutinib of BeiGene.</p><p><p style=\"text-align: justify;\">At the ASH Congress in the United States in 2022, a phase III clinical trial called ALPINE announced by BeiGene showed that in the head-to-head clinical trial of chronic lymphocytic leukemia (CLL)/small lymphocytic lymphoma (SLL), zanubrutinib defeated ibrutinib.</p><p><p style=\"text-align: justify;\">In terms of efficacy, compared with ibrutinib, zanubrutinib has a better ORR (78.3% vs. 62.5%) and a higher OS rate (97.0% vs. 92.7%). In terms of safety, the incidence of adverse events of atrial fibrillation/flutter in the zanubrutinib group was significantly reduced (2.5% vs. 10.19%)</p><p><p style=\"text-align: justify;\">In January this year, with this data, zanubrutinib was approved by the FDA for the treatment of CLL/SLL. In the 2023 NCCN guidelines for the treatment of CLL/SLL, the recommendation level of zanubrutinib has been placed ahead of ibrutinib.</p><p><p style=\"text-align: justify;\">You know, CLL/SLL has always been one of the most important indications for ibrutinib. In the sales of ibrutinib of nearly US $10 billion, a large part of the market share comes from the contribution of this field.</p><p><p style=\"text-align: justify;\">Therefore, after zanubrutinib won this indication, Wall Street securities analysts predicted that in the CLL indication alone, the peak sales of zanubrutinib may reach US $3.1 billion.</p><p><p style=\"text-align: justify;\">Of course, the size of the cake in the CLL/SLL field is certain, and the growth of zanubrutinib sales will inevitably mean that the market share of ibrutinib has been eroded.</p><p><p style=\"text-align: justify;\">In this battle for BTK inhibitors, ibrutinib has gradually shown a decline. In the first quarter, AbbVie's ibrutinib sales fell 25.2% to US $878 million.</p><p><p style=\"text-align: justify;\">Today's AbbVie is facing tremendous pressure. In addition to the encirclement and suppression of ibrutinib, the patent of the core product \"drug king\" Humira has expired, and its market share is also being eroded by generic drugs.</p><p><p style=\"text-align: justify;\">In this case, AbbVie had to launch a counterattack. Therefore, AbbVie has come up with its own killer weapon: patent war.</p><p><p style=\"text-align: left;\"><strong>/02/</strong></p><p><p style=\"text-align: left;\"><strong>An inevitable dispute</strong></p><p><p style=\"text-align: justify;\">In the field of biopharmaceuticals, the most common form of commercial war is patent war.</p><p><p style=\"text-align: justify;\">Because drug patents are closely linked to drug sales, once the patent is broken, it may bring fatal harm to the drug. Therefore, patent litigation has always been a powerful weapon for multinational pharmaceutical companies to block competitors and maintain market position.</p><p><p style=\"text-align: justify;\">AbbVie, on the other hand, is well versed in the rules of patent wars. Focusing on BTK inhibitors, AbbVie has made many patent layouts and is constantly expanding the scope of protection. This has also become its secret weapon to disrupt the position of competitors.</p><p><p style=\"text-align: justify;\">As early as 2017,<a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>Shortly after the BTK inhibitor Calaquence was approved to treat mantle cell lymphoma, AbbVie sued Calaquence for infringing its patent.</p><p><p style=\"text-align: justify;\">But AstraZeneca didn't back down, filing a counter-lawsuit against AbbVie in 2018. After two years of tug-of-war, AbbVie and AstraZeneca finally reached a settlement, and Calaquence sales were not affected</p><p><p style=\"text-align: justify;\">In addition to BTK inhibitors, AbbVie has also repeatedly used patent wars as a killer in order to safeguard the rights and interests of the \"drug king\" Humira.</p><p><p style=\"text-align: justify;\">Although the patent protection of Humira's active ingredients has expired as early as 2016, AbbVie has woven a dense patent protective net for the high walls cast by its peripheral patents.</p><p><p style=\"text-align: justify;\">Once a competitor touches Humira's patent protection net, AbbVie will sue and strongly counter-attack. In the most typical infringement case, AbbVie put forward 1,600 claims in one breath, directly deceiving its opponents.</p><p><p style=\"text-align: justify;\">In fact, it's not just Humira and ibrutinib. When we count the blockbuster drugs around the world, it's not difficult to find that there are more or less cases of patent disputes behind them.</p><p><p style=\"text-align: justify;\">For example, the world's new \"medicine king\" K medicine.</p><p><p style=\"text-align: justify;\">On September 4, 2014, drug K was approved for marketing in the United States. On the same day, BMS/Ono Pharmaceutical will<a href=\"https://laohu8.com/S/MRK\">Merck & Co</a>It went to court, claiming that K drug violated its PD-1 antibody patent rights.</p><p><p style=\"text-align: justify;\">Although the subsequent K-drugs also launched a counterattack, the winners of this patent battle in the end are still BMS and Ono Pharmaceutical, and Merck needs to pay dividends to the two on the sales of K-drugs every year.</p><p><p style=\"text-align: justify;\">Another example is AstraZeneca/Daiichi Sankyo's DS-8201, Moderna's mRNA technology, CRISPR's gene editing technology and other blockbuster products and technologies, which all have unclear patent disputes behind them.</p><p><p style=\"text-align: justify;\">What is hidden behind the patent dispute is actually the dispute of commercial interests.</p><p><p style=\"text-align: justify;\">To put it bluntly, patent litigation is just a strategy and tool. Maximizing one's own interests through continuous patent litigation wars is the ultimate goal that pharmaceutical companies want to achieve in launching patent wars.</p><p><p style=\"text-align: left;\"><strong>/03/</strong></p><p><p style=\"text-align: left;\"><strong>A precious sample</strong></p><p><p style=\"text-align: justify;\">The world is bustling for profit, and the world is bustling for profit. As long as the word \"profit\" takes the lead, the patent war will never stop.</p><p><p style=\"text-align: justify;\">How to deal with the numerous patent wars is an important knowledge. Although patent warfare is only a conventional means of commercial warfare, if the response is unfavorable, drugs may suffer great harm.</p><p><p style=\"text-align: justify;\"><a href=\"https://laohu8.com/S/AMGN\">Amgen</a>With<a href=\"https://laohu8.com/S/0O59.UK\">Sanofi</a>/Regeneron's PCSK9 patent dispute is a good example.</p><p><p style=\"text-align: justify;\">In October 2014, Amgen's Repatha and Sanofi/Regeneron's Praluent PCSK9 monoclonal antibody both submitted marketing applications to the FDA. Since Sanofi used priority review coupons, Praluent was the first to be approved for listing.</p><p><p style=\"text-align: justify;\">But Amgen, which followed closely behind, made a big move, a patent war. In 2014, Amgen sued Sanofi/Regeneron's Praluent for infringing its patents, demanding that Praluent be prohibited from infringing production, use and sales.</p><p><p style=\"text-align: justify;\">Faced with Amgen's sudden blow, Sanofi/Regeneron failed to successfully defend the attack. In 2016, Amgen won a patent lawsuit, and Praluent was successively kicked out of the US, Japan, and European markets. Amgen's Repatha took the opportunity to win 70% of the global market share.</p><p><p style=\"text-align: justify;\">However, Sanofi and Regeneron did not give up, and they continued to appeal to invalidate Regeneron's patent. After several contests, on May 18, this nearly 10-year lawsuit finally came to an end, and two patents of Amgen's Repatha were ruled invalid.</p><p><p style=\"text-align: justify;\">Although Sanofi/Regeneron won the patent, the blow to Praluent caused by the patent war is irreparable. In 2022, Amgen's Repatha sales were approximately US $1.3 billion, while Sanofi/Regeneron's Praluent sales were only US $376 million during the same period.</p><p><p style=\"text-align: justify;\">From this example, we can also see that although launching a patent war is only a common means used by large pharmaceutical companies to check and balance their opponents, the challengers cannot take it lightly. Once the preparation is inadequate and the challenger gets the upper hand, it will cause great harm to drug sales.</p><p><p style=\"text-align: justify;\">Therefore, after the news of AbbVie's attack on zanubrutinib came out, investors' panic was visible to the naked eye. As of the close of trading on June 15, BeiGene's A-share stock price fell 14%.</p><p><p style=\"text-align: justify;\">Although BeiGene will not sit still for AbbVie's attack, it said that it \"will respond to the complaint at an appropriate time and carry out an active defense\", but no one can predict what the final result will be.</p><p><p style=\"text-align: justify;\">Compared with the outcome of the dispute between the two parties, a more noteworthy point is that domestic pharmaceutical companies must re-examine patent issues if they want to seize the European and American markets.</p><p><p style=\"text-align: justify;\">After all, as more and more Chinese innovative pharmaceutical companies begin to go international, in the process, the chances of domestic pharmaceutical companies being attacked by overseas pharmaceutical companies' patents will also greatly increase.</p><p><p style=\"text-align: justify;\">In terms of patent wars, foreign companies often come prepared. Once they feel that their market share is threatened, they will launch fierce patent attacks.</p><p></body></html></p>","source":"lsy1686927134813","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>AbbVie and BeiGene: You can't step into the same river</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\">\nAbbVie and BeiGene: You can't step into the same river\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">氨基观察</strong><span class=\"h-time small\">2023-06-16 22:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>\"Patents are the oil that adds profit to the fire of genius.\" Lincoln's famous saying has been confirmed again and again by blockbuster drugs in the field of innovative drugs.</p><p><p style=\"text-align: justify;\">Among pharmaceutical companies, nothing can kill their opponents more than a successful patent war. But at the same time, the party who was attacked would never surrender easily, and would often resist with all its strength.</p><p><p style=\"text-align: justify;\">Therefore, more often than not, the start of a patent war means that a tug-of-war begins. In many cases, the end of patent wars is that a protracted confrontation ended in reconciliation.</p><p><p style=\"text-align: justify;\">In the past, the protagonists of patent wars were often overseas pharmaceutical companies. However, as domestic pharmaceutical companies play an increasingly important role in the research and development of global innovative drugs, overseas pharmaceutical companies that feel threatened have begun to include domestic pharmaceutical companies in the patent sniper list.</p><p><p style=\"text-align: justify;\">The latest domestic pharmaceutical company to be attacked is<a href=\"https://laohu8.com/S/BGNE\">BeiGene</a>。</p><p><p style=\"text-align: justify;\">On June 15, according to Bloomberg News, AbbVie's complaint will<a href=\"https://laohu8.com/S/688235\">BeiGene</a>Zanubrutinib sued in court, claiming that it infringed the patent of ibrutinib.</p><p><p style=\"text-align: justify;\">This does not mean that zanubrutinib necessarily constitutes an infringement fact. It's just that at the moment<a href=\"https://laohu8.com/S/06160\">BeiGene</a>And AbbVie happened to stand in front of the same opportunity as BTK inhibitors.</p><p><p style=\"text-align: justify;\">In the business world of survival of the fittest, zanubrutinib and ibrutinib cannot step into the same river. Patent sniping is a means that AbbVie must use in order to stabilize its position.</p><p><p style=\"text-align: justify;\">Regardless of the outcome, the confrontation between AbbVie and BeiGene is a precious sample for China's innovative drug industry.</p><p><p style=\"text-align: left;\"><strong>/01/</strong></p><p><p style=\"text-align: left;\"><strong>The battle for BTK inhibitors</strong></p><p><p style=\"text-align: justify;\">Since its inception in 2013, the sales of AbbVie's BTK inhibitor ibrutinib have been running wildly. In 2021, ibrutinib will be AbbVie,<a href=\"https://laohu8.com/S/JNJ\">Johnson Johnson</a>Brought in a total of $9.8 billion in revenue.</p><p><p style=\"text-align: justify;\">Ibrutinib's super gold-absorbing ability has attracted many players to enter the game. Five BTK inhibitors have been approved for marketing around the world. Among them, one of the strongest players is Zanubrutinib of BeiGene.</p><p><p style=\"text-align: justify;\">At the ASH Congress in the United States in 2022, a phase III clinical trial called ALPINE announced by BeiGene showed that in the head-to-head clinical trial of chronic lymphocytic leukemia (CLL)/small lymphocytic lymphoma (SLL), zanubrutinib defeated ibrutinib.</p><p><p style=\"text-align: justify;\">In terms of efficacy, compared with ibrutinib, zanubrutinib has a better ORR (78.3% vs. 62.5%) and a higher OS rate (97.0% vs. 92.7%). In terms of safety, the incidence of adverse events of atrial fibrillation/flutter in the zanubrutinib group was significantly reduced (2.5% vs. 10.19%)</p><p><p style=\"text-align: justify;\">In January this year, with this data, zanubrutinib was approved by the FDA for the treatment of CLL/SLL. In the 2023 NCCN guidelines for the treatment of CLL/SLL, the recommendation level of zanubrutinib has been placed ahead of ibrutinib.</p><p><p style=\"text-align: justify;\">You know, CLL/SLL has always been one of the most important indications for ibrutinib. In the sales of ibrutinib of nearly US $10 billion, a large part of the market share comes from the contribution of this field.</p><p><p style=\"text-align: justify;\">Therefore, after zanubrutinib won this indication, Wall Street securities analysts predicted that in the CLL indication alone, the peak sales of zanubrutinib may reach US $3.1 billion.</p><p><p style=\"text-align: justify;\">Of course, the size of the cake in the CLL/SLL field is certain, and the growth of zanubrutinib sales will inevitably mean that the market share of ibrutinib has been eroded.</p><p><p style=\"text-align: justify;\">In this battle for BTK inhibitors, ibrutinib has gradually shown a decline. In the first quarter, AbbVie's ibrutinib sales fell 25.2% to US $878 million.</p><p><p style=\"text-align: justify;\">Today's AbbVie is facing tremendous pressure. In addition to the encirclement and suppression of ibrutinib, the patent of the core product \"drug king\" Humira has expired, and its market share is also being eroded by generic drugs.</p><p><p style=\"text-align: justify;\">In this case, AbbVie had to launch a counterattack. Therefore, AbbVie has come up with its own killer weapon: patent war.</p><p><p style=\"text-align: left;\"><strong>/02/</strong></p><p><p style=\"text-align: left;\"><strong>An inevitable dispute</strong></p><p><p style=\"text-align: justify;\">In the field of biopharmaceuticals, the most common form of commercial war is patent war.</p><p><p style=\"text-align: justify;\">Because drug patents are closely linked to drug sales, once the patent is broken, it may bring fatal harm to the drug. Therefore, patent litigation has always been a powerful weapon for multinational pharmaceutical companies to block competitors and maintain market position.</p><p><p style=\"text-align: justify;\">AbbVie, on the other hand, is well versed in the rules of patent wars. Focusing on BTK inhibitors, AbbVie has made many patent layouts and is constantly expanding the scope of protection. This has also become its secret weapon to disrupt the position of competitors.</p><p><p style=\"text-align: justify;\">As early as 2017,<a href=\"https://laohu8.com/S/AZN\">AstraZeneca</a>Shortly after the BTK inhibitor Calaquence was approved to treat mantle cell lymphoma, AbbVie sued Calaquence for infringing its patent.</p><p><p style=\"text-align: justify;\">But AstraZeneca didn't back down, filing a counter-lawsuit against AbbVie in 2018. After two years of tug-of-war, AbbVie and AstraZeneca finally reached a settlement, and Calaquence sales were not affected</p><p><p style=\"text-align: justify;\">In addition to BTK inhibitors, AbbVie has also repeatedly used patent wars as a killer in order to safeguard the rights and interests of the \"drug king\" Humira.</p><p><p style=\"text-align: justify;\">Although the patent protection of Humira's active ingredients has expired as early as 2016, AbbVie has woven a dense patent protective net for the high walls cast by its peripheral patents.</p><p><p style=\"text-align: justify;\">Once a competitor touches Humira's patent protection net, AbbVie will sue and strongly counter-attack. In the most typical infringement case, AbbVie put forward 1,600 claims in one breath, directly deceiving its opponents.</p><p><p style=\"text-align: justify;\">In fact, it's not just Humira and ibrutinib. When we count the blockbuster drugs around the world, it's not difficult to find that there are more or less cases of patent disputes behind them.</p><p><p style=\"text-align: justify;\">For example, the world's new \"medicine king\" K medicine.</p><p><p style=\"text-align: justify;\">On September 4, 2014, drug K was approved for marketing in the United States. On the same day, BMS/Ono Pharmaceutical will<a href=\"https://laohu8.com/S/MRK\">Merck & Co</a>It went to court, claiming that K drug violated its PD-1 antibody patent rights.</p><p><p style=\"text-align: justify;\">Although the subsequent K-drugs also launched a counterattack, the winners of this patent battle in the end are still BMS and Ono Pharmaceutical, and Merck needs to pay dividends to the two on the sales of K-drugs every year.</p><p><p style=\"text-align: justify;\">Another example is AstraZeneca/Daiichi Sankyo's DS-8201, Moderna's mRNA technology, CRISPR's gene editing technology and other blockbuster products and technologies, which all have unclear patent disputes behind them.</p><p><p style=\"text-align: justify;\">What is hidden behind the patent dispute is actually the dispute of commercial interests.</p><p><p style=\"text-align: justify;\">To put it bluntly, patent litigation is just a strategy and tool. Maximizing one's own interests through continuous patent litigation wars is the ultimate goal that pharmaceutical companies want to achieve in launching patent wars.</p><p><p style=\"text-align: left;\"><strong>/03/</strong></p><p><p style=\"text-align: left;\"><strong>A precious sample</strong></p><p><p style=\"text-align: justify;\">The world is bustling for profit, and the world is bustling for profit. As long as the word \"profit\" takes the lead, the patent war will never stop.</p><p><p style=\"text-align: justify;\">How to deal with the numerous patent wars is an important knowledge. Although patent warfare is only a conventional means of commercial warfare, if the response is unfavorable, drugs may suffer great harm.</p><p><p style=\"text-align: justify;\"><a href=\"https://laohu8.com/S/AMGN\">Amgen</a>With<a href=\"https://laohu8.com/S/0O59.UK\">Sanofi</a>/Regeneron's PCSK9 patent dispute is a good example.</p><p><p style=\"text-align: justify;\">In October 2014, Amgen's Repatha and Sanofi/Regeneron's Praluent PCSK9 monoclonal antibody both submitted marketing applications to the FDA. Since Sanofi used priority review coupons, Praluent was the first to be approved for listing.</p><p><p style=\"text-align: justify;\">But Amgen, which followed closely behind, made a big move, a patent war. In 2014, Amgen sued Sanofi/Regeneron's Praluent for infringing its patents, demanding that Praluent be prohibited from infringing production, use and sales.</p><p><p style=\"text-align: justify;\">Faced with Amgen's sudden blow, Sanofi/Regeneron failed to successfully defend the attack. In 2016, Amgen won a patent lawsuit, and Praluent was successively kicked out of the US, Japan, and European markets. Amgen's Repatha took the opportunity to win 70% of the global market share.</p><p><p style=\"text-align: justify;\">However, Sanofi and Regeneron did not give up, and they continued to appeal to invalidate Regeneron's patent. After several contests, on May 18, this nearly 10-year lawsuit finally came to an end, and two patents of Amgen's Repatha were ruled invalid.</p><p><p style=\"text-align: justify;\">Although Sanofi/Regeneron won the patent, the blow to Praluent caused by the patent war is irreparable. In 2022, Amgen's Repatha sales were approximately US $1.3 billion, while Sanofi/Regeneron's Praluent sales were only US $376 million during the same period.</p><p><p style=\"text-align: justify;\">From this example, we can also see that although launching a patent war is only a common means used by large pharmaceutical companies to check and balance their opponents, the challengers cannot take it lightly. Once the preparation is inadequate and the challenger gets the upper hand, it will cause great harm to drug sales.</p><p><p style=\"text-align: justify;\">Therefore, after the news of AbbVie's attack on zanubrutinib came out, investors' panic was visible to the naked eye. As of the close of trading on June 15, BeiGene's A-share stock price fell 14%.</p><p><p style=\"text-align: justify;\">Although BeiGene will not sit still for AbbVie's attack, it said that it \"will respond to the complaint at an appropriate time and carry out an active defense\", but no one can predict what the final result will be.</p><p><p style=\"text-align: justify;\">Compared with the outcome of the dispute between the two parties, a more noteworthy point is that domestic pharmaceutical companies must re-examine patent issues if they want to seize the European and American markets.</p><p><p style=\"text-align: justify;\">After all, as more and more Chinese innovative pharmaceutical companies begin to go international, in the process, the chances of domestic pharmaceutical companies being attacked by overseas pharmaceutical companies' patents will also greatly increase.</p><p><p style=\"text-align: justify;\">In terms of patent wars, foreign companies often come prepared. Once they feel that their market share is threatened, they will launch fierce patent attacks.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s?__biz=MzIwMjU5Njk5NA==&mid=2247496324&idx=1&sn=368b858aadaf3d6665d1cbe72af1cf78&chksm=96de8569a1a90c7f4700ab1c97d8f4794355914f5d6c19d7ecd88ac9a0d32cba49ceb8929d32#rd\">氨基观察</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3771c3d94c1c3544b07a5dcf5fabd2ee","relate_stocks":{"688235":"百济神州","BK1161":"生物科技","BK1588":"回港中概股","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","BK4526":"热门中概股","BK4585":"ETF&股票定投概念","BK4139":"生物科技","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","BK0239":"医药制造","BK1583":"高瓴概念","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK4505":"高瓴资本持仓","BK4535":"淡马锡持仓","BK4504":"桥水持仓","BK4588":"碎股","BK1500":"做空集合股","BK4548":"巴美列捷福持仓","06160":"百济神州"},"source_url":"https://mp.weixin.qq.com/s?__biz=MzIwMjU5Njk5NA==&mid=2247496324&idx=1&sn=368b858aadaf3d6665d1cbe72af1cf78&chksm=96de8569a1a90c7f4700ab1c97d8f4794355914f5d6c19d7ecd88ac9a0d32cba49ceb8929d32#rd","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133979930","content_text":"“专利，是给天才之火加上利润之油”，林肯的这句名言，被创新药领域的重磅炸弹药物一次次印证。药企之间，没有什么比一场成功的专利战，更能将对手一击致命。但同时，被狙击的一方，绝不会轻易束手就擒，往往会用尽了全力反抗。所以，更多时候，专利战的开打，意味着一场拉锯战就此开始。不少情况下，专利战的结局都是，旷日持久的对峙后以和解告终。过往，专利战的主角往往是海外药企。但随着国内药企，在全球创新药研发中的地位越来越重要，感受到威胁的海外药企，开始将国内药企纳入专利狙击名单。最新被狙击的国内药企是百济神州。6月15日，据彭博社消息，艾伯维一纸诉状将百济神州的泽布替尼诉至公堂，称其侵犯了伊布替尼的专利。这并不意味着泽布替尼一定构成侵权事实。只是，当下百济神州和艾伯维恰好站在了，BTK抑制剂这同一个机遇面前。在优胜劣汰的商业世界，泽布替尼和伊布替尼无法踏进同一条河流。而专利狙击，是艾伯维为了稳固自身地位，必须打出的手段。不管结果如何，对中国创新药行业而言，艾伯维与百济神州的对垒，都是一个珍贵的样本。/ 01 /BTK抑制剂争夺战自2013年问世以来，艾伯维的BTK抑制剂伊布替尼销售额一路狂奔。2021年，伊布替尼为艾伯维、强生带来了总计98亿美元的收入。伊布替尼超强的吸金能力，吸引了众多选手入局，全球已有5款BTK抑制剂获批上市。其中，实力最强劲的选手之一，是百济神州的泽布替尼。2022年在美国ASH大会上，百济神州公布的一项名为ALPINE的三期临床试验显示，在慢性淋巴细胞白血病 (CLL) /小淋巴细胞淋巴瘤 (SLL) 的头对头临床试验中，泽布替尼击败了伊布替尼。在疗效上，与伊布替尼相比泽布替尼具有更好的ORR（78.3% vs. 62.5%），更高的OS率（97.0% vs. 92.7%）。在安全性上，泽布替尼组出现房颤/房扑的不良事件发生率显著降低（2.5% vs. 10.19%）今年1月，凭借这一数据，泽布替尼获FDA批准用于治疗CLL/SLL。在2023年的NCCN 治疗CLL/SLL指南中，泽布替尼的推荐级别已被置于伊布替尼之前。要知道，CLL/SLL一直是伊布替尼的最为重要的适应症之一。在伊布替尼近100亿美元的销售额中，有一大部分的市场份额均来自这一领域的贡献。因此，在泽布替尼拿下这一适应症后，华尔街的证券分析师预测，仅在CLL一个适应症上，泽布替尼的销售额峰值就可能达到31亿美元。当然了，CLL/SLL领域蛋糕大小是确定的，泽布替尼销售额的增长，必然意味着伊布替尼市场份额受到蚕食。在这场BTK抑制剂的争夺战中，伊布替尼已经逐渐显露出颓势。一季度，艾伯维的伊布替尼销售额下滑25.2%，为8.78亿美元。如今的艾伯维，正面临巨大压力。除了伊布替尼遭受围剿外，核心产品“药王”修美乐专利到期，市场份额也在被仿制药蚕食。在这种情况下，艾伯维不得不发起反击。所以，艾伯维拿出了自己的杀手锏：专利战。/ 02 /必然发生的纠纷在生物制药领域，最常见的商战形式便是专利战。因为药物专利和药物的销售情况紧紧相连，一旦攻破专利可能给药物带来致命伤害。所以专利诉讼一直是跨国药企阻击竞争对手、维持市场地位的有力武器。而艾伯维，更是深谙专利之战的规则。围绕BTK抑制剂，艾伯维做了诸多专利布局，且在不断扩大保护范围。这也成为其搅乱竞争对手阵脚的秘密武器。早在2017年，阿斯利康的BTK抑制剂 Calaquence获批治疗套细胞淋巴瘤后不久，艾伯维便起诉Calaquence侵犯了自己的专利。但阿斯利康没有退却，在2018年对艾伯维提起了反诉讼，经过两年的拉锯后，艾伯维和阿斯利康最终达成了和解，Calaquence的销售并未受到影响BTK抑制剂之外，艾伯维也曾为维护“药王”修美乐的权益，多次拿出专利战这一杀手锏。虽然，早在2016年修美乐活性成分的专利保护已经过期，但艾伯维为其外围专利铸造的高墙，编织了一张致密的专利防护网。一旦有竞争对手触碰到修美乐的专利防护网，艾伯维就会诉讼予以强烈反击。最典型的侵权案例中，艾伯维一口气提出了1600个权利要求，直接把对手打蒙。事实上，不仅仅是修美乐和伊布替尼，当我们细数全球的重磅炸弹药物后，不难发现其背后多多少少都有着专利纠纷的案例。比如，全球新任“药王”K药。2014年9月4日，K药在美国获批上市。而就在同一天，BMS/小野制药将默沙东告上了法庭，称K药侵犯了其PD-1抗体专利权。虽然，后续K药也进行了反攻，但最终这场专利战的胜者仍然是BMS和小野制药，默沙东需要每年向二者分红K药的销售额。再比如阿斯利康/第一三共的DS-8201、Moderna的mRNA技术、CRISPR的基因编辑技术等重磅产品、技术背后都有着厘不清的专利纠纷。专利纠纷背后隐藏的，实则是商业利益之争。直白地说，专利诉讼只是策略和工具，通过不断专利诉讼战将自己的利益最大化，这才是药企发动专利战要达到的最终目的。/ 03 /珍贵的样本天下熙熙皆为利来，天下攘攘皆为利去，只要“利”字当头，专利战就永远不会停歇。而如何应对纷繁的专利战，是一门重要的学问。虽然专利战只是一种常规商战手段，但倘若应对不利，可能使药物受到巨大的伤害。安进与赛诺菲/再生元的PCSK9的专利之争，便是一个很好的例子。2014年10月，安进的Repatha和赛诺菲/再生元的Praluent PCSK9单抗都向FDA提交上市申请。由于赛诺菲使用了优先审评券，所以Praluent率先获批上市。但紧随其后的安进祭出了大招，专利战。2014年安进状告赛诺菲/再生元的Praluent侵犯了其拥有的专利，要求禁止Praluent侵权生产、使用和销售。面对着安进突如其来的一击，赛诺菲/再生元没能成功守住攻击。2016年，安进赢得了专利诉讼，Praluent被相继踢出美国、日本、欧洲市场。安进的Repatha则借机赢得了全球70%的市场份额。不过，赛诺菲、再生元并未放弃，二者继续上诉要求无效再生元的专利。经过几番较量，5月18日，这场打了将近10年的官司终于落下帷幕，安进的Repatha两项专利被判无效。虽然赛诺菲/再生元赢了专利，但专利战对Praluent造成的打击已经无法挽回。2022年，安进的Repatha销售额约为13亿美元，而同期赛诺菲/再生元的Praluent销售额仅为3.76亿美元。从这个例子我们也能看到，虽然发起专利战只是大药企制衡对手的惯用手段，但被挑战者并不能就此掉以轻心。一旦准备不充分，被挑战者占据了上风，会对药物销售造成巨大的伤害。所以，在艾伯维狙击泽布替尼消息传出后，投资者的恐慌肉眼可见。截止6月15日收盘，百济神州A股股价大跌14%。虽然百济神州对于艾伯维的狙击也不会坐以待毙，其表示“将在适当的时候对该投诉作出应对，并开展积极的辩护”，但谁也无法预料到最终的结果将会如何。相比于双方纠纷的结果，更值得关注的一点是：国内药企要想去抢占欧美市场，必须重新审视专利问题。毕竟，随着越来越多中国的创新药企开始走向国际，在这个过程中，国内药企被遭到海外药企专利狙击的机会，也会大大增加。而在专利战方面，国外企业往往有备而来，它们一旦感受到市场份额受到威胁时，便会发动猛烈地专利狙击。","news_type":1,"symbols_score_info":{"688235":0.9,"BGNE":0.9,"06160":0.9}},"isVote":1,"tweetType":1,"viewCount":2009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188141309186200,"gmtCreate":1686958460457,"gmtModify":1686958464404,"author":{"id":"3583111190875685","authorId":"3583111190875685","name":"lcGoh","avatar":"https://community-static.tradeup.com/news/ea3d27fab7696dea29861dd0ec2eeec9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583111190875685","idStr":"3583111190875685"},"themes":[],"htmlText":"M","listText":"M","text":"M","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188141309186200","repostId":"2343198417","repostType":4,"repost":{"id":"2343198417","kind":"news","pubTimestamp":1686928800,"share":"https://ttm.financial/m/news/2343198417?lang=en_US&edition=fundamental","pubTime":"2023-06-16 23:20","market":"us","language":"zh","title":"Adobe's prospects are more constructive under the blessing of AI, and Wall Street banks have raised their price targets","url":"https://stock-news.laohu8.com/highlight/detail?id=2343198417","media":"智通财经网","summary":"由于Adobe Q2业绩超出市场预期、以及上调全年业绩指引，多家华尔街大行均上调对该股目标价。软件服务巨头Adobe周四美股盘后公布了2023财年第二季度财报。由于Adobe Q2业绩超出市场预期、以","content":"<p><html><head></head><body>As Adobe's Q2 performance exceeded market expectations and raised its full-year performance guidance, many major Wall Street banks raised their target prices on the stock. Software services giant<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>On Thursday, the U.S. stock market announced its second quarter financial report for fiscal year 2023 after the market closed. As Adobe's Q2 performance exceeded market expectations and raised its full-year performance guidance, many major Wall Street banks raised their target prices on the stock.</p><p>Adobe's Q2 total revenue increased by 10% year-on-year to US $4.82 billion, better than analysts' average expectation of US $4.77 billion; Adjusted earnings per share of $3.91 were better than analysts' average estimate of $3.79. In addition, Adobe raised its full-year fiscal 2023 revenue and earnings per share estimates. The company believes that generative artificial intelligence (AI) capable software will stimulate market demand for its software. The company expects total full-year revenue to be $19.25 billion to $19.35 billion (previously expected $19.2 billion), compared with analysts' expectations of $19.3 billion; Adjusted earnings per share are expected to be $15.65 to $15.75 (previously expected $15.60), compared with analysts expecting $15.50.</p><p>Adobe, long a software sales giant for creative professionals, is adding generative AI capabilities to its products. \"Given our rich datasets, underlying models, and ubiquitous product interfaces, Adobe's groundbreaking innovations allow us to lead a new era of generative AI,\" Adobe CEO Shantanu Narayen said in a statement.</p><p>Here's what the major banks have to say about Adobe:</p><p>Barclays analyst Saket Kalia gave Adobe a \"wait and see\" rating and raised the target price from $485 to $540. Analysts say Adobe's share price rally stems from its pricing advantage, which is likely to be more pronounced in the second half of the year. Analysts noted that the company has ways to monetize its generative AI tool, Firefly. Furthermore, given the outlook for generative AI and the current regulatory environment, the absence of any updates on the deal to acquire Figma could be viewed as a positive.</p><p>The analysts wrote in the report: \"Adobe's net new annual recurring revenue (ARR) for the digital media business is $410 million in the third quarter, and the implied expectation for the fourth quarter is about $460 million. Even without assuming that Firefly will make a performance contribution in the fourth quarter, we will think that the fourth quarter expectation seems conservative.\" \"While we are not sure whether the performance growth can be maintained at the second quarter level by then, we think the performance guidance set by the company means that this level can be sustained.\"</p><p>The analyst added that Adobe has three ways to monetize its generative AI tool Firefly: using Creative co-pilot can increase average revenue per user; Increase user stickiness and improve user retention rate; Increase paying subscribers through a freemium model. \"As FireFly starts to feel like a more real growth opportunity, we're starting to feel this change in sentiment, and some investors are wondering if the potential deal with Figma is really as negative as it was feared a few months ago,\" the analysts said.</p><p>UBS analyst Karl Keirstead maintained a \"neutral\" rating on Adobe and raised his target price from $440 to $525. Analysts pointed out that Adobe's overall performance in the second quarter increased, especially strong revenue and ARR growth in its core creative unit, which should help calm investor concerns. Analysts are also optimistic that the company will benefit from generative AI, although the company seems to be focused more on applications than revenue (at least in the near term).</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Analyst Keith Weiss maintained Adobe's \"wait and see\" rating and raised the target price from $470 to $510. Adobe's second-quarter results were \"impressive,\" analysts said, adding that the company's guidance upgrade \"shows solid execution in a tough macro environment.\" However, analysts also pointed out that given the uncertainty of the Figma deal, it is still open to question whether the company's revenue can re-accelerate growth.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Analyst Mark Murphy maintained a \"neutral\" rating on Adobe and raised his target price from $450 to $490. According to analysts, Adobe's second-quarter results showed \"relative resilience,\" with slightly higher-than-expected net new ARR guidance for the third quarter and slightly upward revisions to both total revenue and net new ARR guidance for fiscal 2023. Analysts say the company remains relatively well positioned thanks to growth that can be achieved in the near term, coupled with some macro conservatism.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Maintain Adobe's \"buy\" rating and raise the target price from $480 to $550. Analysts at the bank said that Adobe's second-quarter earnings report announced on Thursday, coupled with recently announced products, may directly change investor narratives about artificial intelligence, and Adobe is likely to be the main beneficiary. The company's \"extensive data-driven platform and product-led growth should allow it to capture this opportunity,\" analysts said.</p><p>In addition, Baird analyst Rob Oliver maintained Adobe's \"neutral\" rating and raised the target price from $370 to $500;</p><p>Mizuho analyst Gregg Moskowitz maintained Adobe's \"neutral\" rating and raised the target price from $450 to $520;</p><p>Piper Sandler analyst Brent Bracelin maintained Adobe's \"overweight\" rating and raised the target price from $500 to $572;</p><p>Stifel analyst J. Parker Lane maintains Adobe's \"buy\" rating and raises the target price from $400 to $550;</p><p>Bank of America analyst Brad Sills maintained a \"neutral\" rating on Adobe and raised the target price from $480 to $575;</p><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>Maintain Adobe's \"overweight\" rating and raise the target price from $525 to $600.</p><p></body></html></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>Adobe's prospects are more constructive under the blessing of AI, and Wall Street banks have raised their price targets</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\">\nAdobe's prospects are more constructive under the blessing of AI, and Wall Street banks have raised their price targets\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\">2023-06-16 23:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>As Adobe's Q2 performance exceeded market expectations and raised its full-year performance guidance, many major Wall Street banks raised their target prices on the stock. Software services giant<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>On Thursday, the U.S. stock market announced its second quarter financial report for fiscal year 2023 after the market closed. As Adobe's Q2 performance exceeded market expectations and raised its full-year performance guidance, many major Wall Street banks raised their target prices on the stock.</p><p>Adobe's Q2 total revenue increased by 10% year-on-year to US $4.82 billion, better than analysts' average expectation of US $4.77 billion; Adjusted earnings per share of $3.91 were better than analysts' average estimate of $3.79. In addition, Adobe raised its full-year fiscal 2023 revenue and earnings per share estimates. The company believes that generative artificial intelligence (AI) capable software will stimulate market demand for its software. The company expects total full-year revenue to be $19.25 billion to $19.35 billion (previously expected $19.2 billion), compared with analysts' expectations of $19.3 billion; Adjusted earnings per share are expected to be $15.65 to $15.75 (previously expected $15.60), compared with analysts expecting $15.50.</p><p>Adobe, long a software sales giant for creative professionals, is adding generative AI capabilities to its products. \"Given our rich datasets, underlying models, and ubiquitous product interfaces, Adobe's groundbreaking innovations allow us to lead a new era of generative AI,\" Adobe CEO Shantanu Narayen said in a statement.</p><p>Here's what the major banks have to say about Adobe:</p><p>Barclays analyst Saket Kalia gave Adobe a \"wait and see\" rating and raised the target price from $485 to $540. Analysts say Adobe's share price rally stems from its pricing advantage, which is likely to be more pronounced in the second half of the year. Analysts noted that the company has ways to monetize its generative AI tool, Firefly. Furthermore, given the outlook for generative AI and the current regulatory environment, the absence of any updates on the deal to acquire Figma could be viewed as a positive.</p><p>The analysts wrote in the report: \"Adobe's net new annual recurring revenue (ARR) for the digital media business is $410 million in the third quarter, and the implied expectation for the fourth quarter is about $460 million. Even without assuming that Firefly will make a performance contribution in the fourth quarter, we will think that the fourth quarter expectation seems conservative.\" \"While we are not sure whether the performance growth can be maintained at the second quarter level by then, we think the performance guidance set by the company means that this level can be sustained.\"</p><p>The analyst added that Adobe has three ways to monetize its generative AI tool Firefly: using Creative co-pilot can increase average revenue per user; Increase user stickiness and improve user retention rate; Increase paying subscribers through a freemium model. \"As FireFly starts to feel like a more real growth opportunity, we're starting to feel this change in sentiment, and some investors are wondering if the potential deal with Figma is really as negative as it was feared a few months ago,\" the analysts said.</p><p>UBS analyst Karl Keirstead maintained a \"neutral\" rating on Adobe and raised his target price from $440 to $525. Analysts pointed out that Adobe's overall performance in the second quarter increased, especially strong revenue and ARR growth in its core creative unit, which should help calm investor concerns. Analysts are also optimistic that the company will benefit from generative AI, although the company seems to be focused more on applications than revenue (at least in the near term).</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Analyst Keith Weiss maintained Adobe's \"wait and see\" rating and raised the target price from $470 to $510. Adobe's second-quarter results were \"impressive,\" analysts said, adding that the company's guidance upgrade \"shows solid execution in a tough macro environment.\" However, analysts also pointed out that given the uncertainty of the Figma deal, it is still open to question whether the company's revenue can re-accelerate growth.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Analyst Mark Murphy maintained a \"neutral\" rating on Adobe and raised his target price from $450 to $490. According to analysts, Adobe's second-quarter results showed \"relative resilience,\" with slightly higher-than-expected net new ARR guidance for the third quarter and slightly upward revisions to both total revenue and net new ARR guidance for fiscal 2023. Analysts say the company remains relatively well positioned thanks to growth that can be achieved in the near term, coupled with some macro conservatism.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Maintain Adobe's \"buy\" rating and raise the target price from $480 to $550. Analysts at the bank said that Adobe's second-quarter earnings report announced on Thursday, coupled with recently announced products, may directly change investor narratives about artificial intelligence, and Adobe is likely to be the main beneficiary. The company's \"extensive data-driven platform and product-led growth should allow it to capture this opportunity,\" analysts said.</p><p>In addition, Baird analyst Rob Oliver maintained Adobe's \"neutral\" rating and raised the target price from $370 to $500;</p><p>Mizuho analyst Gregg Moskowitz maintained Adobe's \"neutral\" rating and raised the target price from $450 to $520;</p><p>Piper Sandler analyst Brent Bracelin maintained Adobe's \"overweight\" rating and raised the target price from $500 to $572;</p><p>Stifel analyst J. Parker Lane maintains Adobe's \"buy\" rating and raises the target price from $400 to $550;</p><p>Bank of America analyst Brad Sills maintained a \"neutral\" rating on Adobe and raised the target price from $480 to $575;</p><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>Maintain Adobe's \"overweight\" rating and raise the target price from $525 to $600.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/hkstock/ggscyd/2023-06-16/doc-imyxpany4562344.shtml\">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/7aa7700950dd1f7f41963706d226f8a7","relate_stocks":{"ADBE":"Adobe"},"source_url":"https://finance.sina.com.cn/stock/hkstock/ggscyd/2023-06-16/doc-imyxpany4562344.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2343198417","content_text":"由于Adobe Q2业绩超出市场预期、以及上调全年业绩指引，多家华尔街大行均上调对该股目标价。软件服务巨头Adobe周四美股盘后公布了2023财年第二季度财报。由于Adobe Q2业绩超出市场预期、以及上调全年业绩指引，多家华尔街大行均上调对该股目标价。Adobe Q2总营收同比增长10%至48.2亿美元，好于分析师平均预期的47.7亿美元;调整后的每股收益为3.91美元，好于分析师平均预期的3.79美元。此外，Adobe上调了2023财年全年营收和每股收益预期。该公司认为，生成式人工智能(AI)功能软件将刺激市场对其软件需求。该公司预计，全年总营收为192.5亿美元至193.5亿美元(此前预期为192亿美元)，分析师预期为193亿美元;预计调整后的每股收益为15.65美元至15.75美元(此前预期为15.60美元)，分析师预期为15.50美元。长期以来，Adobe一直是面向创意型专业人士的软件销售巨头，该公司正在其产品中添加生成式人工智能功能。Adobe首席执行官Shantanu Narayen在一份声明中表示:“鉴于我们丰富的数据集、基础模型和无处不在的产品界面，Adobe的突破性创新使我们能够引领生成式人工智能的新时代。”以下是各大行对Adobe的看法：巴克莱分析师Saket Kalia予Adobe“持股观望”评级，将目标价由485美元上调至540美元。分析师表示，Adobe股价上涨源于其定价优势，这一优势在今年下半年可能会更加明显。分析师指出，该公司有办法将其生成式AI工具Firefly货币化。此外，考虑到生成式AI的前景和当前的监管环境，收购Figma的交易还没有任何更新可能被视为一个积极的因素。分析师在报告中写道：“Adobe对数字媒体业务净新年度经常性收入(ARR)在第三季度的预期为4.1亿美元，第四季度的隐含预期约为4.6亿美元。即使在不假设Firefly在第四季度会有业绩贡献的情况下，我们也会认为第四季度的预期似乎是保守的。”“虽然我们不确定届时业绩增长能否保持在第二季度的水平，但我们认为该公司设定的业绩指引意味着这种水平能持续下去。”分析师补充称，Adobe有三种方法可以将其生成式AI工具Firefly货币化：使用Creative co-pilot可以提高每用户的平均收入;增加用户粘性，提高用户留存率;通过免费增值模式增加付费用户。分析师表示：“随着FireFly开始感觉是一个更真实的增长机会，我们开始感觉到这种情绪的变化，一些投资者想知道，与Figma的潜在交易是否真的像几个月前担心的那样负面。”瑞银分析师Karl Keirstead维持Adobe“中性”评级，目标价由440美元上调至525美元。分析师指出，Adobe第二季度的整体业绩有所增长，尤其是其核心创意部门的营收和ARR增长强劲，这应该有助于平息投资者的担忧。分析师还乐观地表示，该公司将从生成式AI中受益，尽管该公司似乎更关注应用而不是营收(至少在近期内是这样)。摩根士丹利分析师Keith Weiss维持Adobe“持股观望”评级，目标价由470美元上调至510美元。分析师表示，Adobe第二季度业绩“令人印象深刻”，并补充称，该公司上调业绩指引“显示出在严峻的宏观环境下的稳健执行力”。不过，分析师也指出，考虑到Figma交易的不确定性，该公司的营收能否重新加速增长仍有待商榷。摩根大通分析师Mark Murphy维持Adobe“中性”评级，目标价由450美元上调至490美元。分析师表示，Adobe第二季度业绩表现出“相对韧性”，第三季度的净新ARR指引略高于预期，2023财年的总营收和净新ARR指引均略有上调。分析师表示，由于短期内可以实现增长，加上宏观上的一些保守性，该公司的定位仍然相对较好。高盛维持Adobe“买入”评级，目标价由480美元上调至550美元。该行分析师表示，Adobe周四公布的第二季度财报加上近期公布的产品，可能会直接改变投资者对人工智能的叙事，而Adobe有可能成为主要受益者。分析师表示，该公司“广泛的数据驱动平台和产品主导的增长应该使其能够抓住这个机会”。此外，Baird分析师Rob Oliver维持Adobe“中性”评级，目标价由370美元上调至500美元;瑞穗分析师Gregg Moskowitz维持Adobe“中性”评级，目标价由450美元上调至520美元;Piper Sandler分析师Brent Bracelin维持Adobe“增持”评级，目标价由500美元上调至572美元;Stifel分析师J. Parker Lane维持Adobe“买入”评级，目标价由400美元上调至550美元;美国银行分析师Brad Sills维持Adobe“中性”评级，目标价由480美元上调至575美元;富国银行维持Adobe“增持”评级，目标价由525美元上调至600美元。","news_type":1,"symbols_score_info":{"ADBE":1}},"isVote":1,"tweetType":1,"viewCount":2141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188140495925296,"gmtCreate":1686958439577,"gmtModify":1686958443110,"author":{"id":"3583111190875685","authorId":"3583111190875685","name":"lcGoh","avatar":"https://community-static.tradeup.com/news/ea3d27fab7696dea29861dd0ec2eeec9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583111190875685","idStr":"3583111190875685"},"themes":[],"htmlText":"N","listText":"N","text":"N","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188140495925296","repostId":"1165534285","repostType":4,"repost":{"id":"1165534285","kind":"news","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯，最专业的解读分析，覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1686929433,"share":"https://ttm.financial/m/news/1165534285?lang=en_US&edition=fundamental","pubTime":"2023-06-16 23:30","market":"us","language":"zh","title":"The AI trend is resurfacing! China's technology assets have skyrocketed around the world! Fund manager: It's by no means just speculation","url":"https://stock-news.laohu8.com/highlight/detail?id=1165534285","media":"券商中国","summary":"以AI（人工智能）为风口的科网股行情，已从A股基金重仓股广泛蔓延到公募基金在港股和美股的持仓上。种种迹象显示，以数字经济、科技互联网为特点的中国资产股票的反弹，在全球范围内都已经实质性地展开几乎无差别","content":"<p><html><head></head><body>The market of science and technology stocks with AI (artificial intelligence) as the outlet has widely spread from the heavy holdings of A-share funds to the positions of public funds in Hong Kong stocks and US stocks.</p><p>There are various signs that the rebound of Chinese asset stocks, characterized by the digital economy and the technological Internet, has substantially launched an almost indiscriminate rise around the world. Some fund managers emphasized that although the current AI market covers many listed companies that lack performance and fundamentals, this main line is no longer a purely thematic investment. AI will have a substantial industrial explosion effect in the future. It is judged that generative AI technology is expected to become a catalyst for a new round of technological revolution after computer PCs and mobile Internet, and is expected to bring revolutionary changes to the entire human-computer interaction mode and interaction entrance, social production efficiency, image recognition and other fields.</p><p><strong>US stocks and Chinese concept stocks begin to rise</strong></p><p>In the early morning of June 16, Beijing time, after experiencing an astonishing long-term decline, Chinese concept stocks listed on the U.S. stock market rebounded across the board, especially small-cap Chinese concept stocks that have been neglected for a long time. A-share fund heavy holdings<a href=\"https://laohu8.com/S/300418\">Kunlun Wanwei</a>The controlled stock of Oupeng Browser has fallen for five consecutive years since it was listed on the US stock market in 2018. In the early morning of the 16th, the stock soared again by 11%, which made this Chinese concept stock that affected the holdings of A-share funds, The stock price rose nearly three times in just six months, setting a record high.</p><p>Market Cap Mini<a href=\"https://laohu8.com/S/XNET\">Thunder</a>Similarly, in just two weeks, the stock price of this small variety of Chinese concept stocks rose by more than 40%. In addition, US stock market listed<a href=\"https://laohu8.com/S/HUYA\">Tiger Tooth</a>、<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>、<a href=\"https://laohu8.com/S/TOUR\">Tuniu</a>, gathering times,<a href=\"https://laohu8.com/S/EM\">Monster Charge</a>、<a href=\"https://laohu8.com/S/QD\">Fun shop</a>A number of small and medium-sized digital economy and Internet companies have achieved a strong rebound in their stock prices this month. For example, the stock price of Tuniu, which is mainly engaged in Internet tourism, has increased by more than 60% this month. The indiscriminate rise of U.S. stocks and Chinese concept stocks has greatly benefited the net value of related funds. As a result, the China Concept Internet ETF managed by E Fund achieved a net value rebound of about 8% in just two weeks this month.</p><p><strong>Hong Kong stock funds' heavy holdings become pioneers of rebound</strong></p><p>The rebound in the Hong Kong stock market is also concentrated in the fields of technology Internet and digital economy. In particular, Public Offering of Fund's heavy holdings in Hong Kong stocks have become the vanguard of the rebound. Supported by the sharp rebound of Kuaishou, Meituan and other stocks, the net value increase of China Internet's leading funds managed by China Asset Management has changed from negative to positive during the year. As of June 16, 2023, the net value increase during the year has been approximately 5.91%. It is worth mentioning that, considering that the net value of this fund product with a heavy position in Hong Kong stocks and Internet has increased by 5.86% in the last month, which means that the net value of China Internet's leading hybrid fund has increased during the year, most of which are concentrated in the last one or two weeks.</p><p>Previously, Qianhai Kaiyuan Shanghai-Hong Kong-Shenzhen Fund, which had a heavy position in Hong Kong stocks and Internet stocks, relied on the \"recovery\" of Hong Kong stocks and Internet stocks in the past two weeks, and its net value quickly turned from its weak performance in the early stage to offensive. The depth of its adjustment of stock prices and the duration of time have made the fund products related to the Internet and digital economy of Hong Kong stocks begin to gain unexpected flexibility after the recovery of Hong Kong stocks.</p><p>In the A-share market, many already high-ranking digital economy and technology stocks once again detonated the A-share market after just one month of sideways fluctuations. Kunlun Wanwei, which was heavily held by Haifutong Fund, surged again in intraday trading on June 16. In addition, social security funds and private equity funds have heavy positions<a href=\"https://laohu8.com/S/300624\">Wondershare Technology</a>、<a href=\"https://laohu8.com/S/300288\">Langma Information</a>、<a href=\"https://laohu8.com/S/300229\">Torsi</a>The re-activity of related AI stocks greatly shows the recognition of institutional funds for the relevant main market.</p><p><strong>AI investment market is not purely thematic investment</strong></p><p>It is obvious that with the extensive and in-depth application of ChatGPT in multiple scenarios, the imagination space of the digital economy and science and technology stocks with artificial intelligence as a technical factor has been significantly enlarged. The market and investors have given high hopes for AI large models, and industries have intensified their exploration efforts, and AI large models may be entering a historical period of rapid and vigorous development.</p><p><strong>Zhang Xiaoquan, research director of Ping An Fund, believes that AI investment is not just speculation, or operated completely according to thematic investment. AI will bring about revolutionary changes in the technology industry chain and have a positive impact on fundamentals in various fields. In the future, AI may become the main line of long-term investment.</strong></p><p>Jin Xi, a researcher at Huashang Fund, also said that from an industrial perspective, domestic and foreign giants are competing to accelerate the deployment of large AI models, including the establishment of AI research departments and the launch of chat<a href=\"https://laohu8.com/S/300024\">Robot</a>, release of AI applications, etc., the long-term upward trend of the overall industry may be relatively clear. Mapped to the current computer sector of the A-share market, although there may be some differences in the direction of AI, the overall observation is still catalyzing. Jin Xi believes that at the current stage, the level of AI technology content is actually not the core factor in changing productivity. Only new tools (i.e. products implemented in application scenarios) can be used to reshape nodes and business processes, and many vertical scenarios can be reshaped. The user habits of the scene make standardization easier, which may be the real improvement of productivity by AI technology. Looking forward to the future, perhaps high-end AI can reshape the industrial scene.</p><p>He pointed out that AI still belongs to the category of information technology industry, and all links in the industrial chain may have a strong head effect. This is because professional scenarios require the accumulation of professional data to optimize model accuracy. Once a product creates a successful case in a certain field, it may receive more and more project orders and bring more data in the future, thereby improving the efficiency of the product, which in turn promotes the growth of project orders, forming a positive feedback effect.</p><p>Based on the above, this also means that AI companies that can achieve commercial success may be more likely to achieve breakthroughs, implementation and realization in AI exploration. Because companies that can achieve commercial success usually have mature cash flow, which can support their continuous R&D investment. However, some start-up companies based on a single AI technical barrier may be helpless when facing application scenarios that require multiple technologies. If they do not master other technologies, it will be difficult to achieve commercialization, and the limitation of commercialization will in turn restrict their investment in new technologies.</p><p>The Hong Kong stock market supported by the AI market has also made many fund managers have more expectations for the Hong Kong stock market. Wang Shicong, manager of Southern Hong Kong Growth Fund, said in an interview with a reporter from the Securities Times that he is currently relatively positive and optimistic about the medium-term dimension of the Hong Kong stock market for two reasons:</p><p><strong>First, the fundamentals of the Chinese economy will be bottom out with a low base in 2022. Second, with the fundamentals of China and the United States showing opposite trends in 23 years, we believe that funds are expected to flow into China quickly.</strong>According to the latest IMF forecast, China is the only country among major economies to accelerate growth in 2023. Hong Kong stocks and Chinese concept stocks, which have previously shrunk sharply in liquidity, are the types of Chinese assets that have benefited relatively from the improvement of funds, and are expected to usher in valuations. Repair and return to a reasonable level. As a representative market for the pro-cyclical industry of China's economy, the Hong Kong stock market is superimposed on the fluctuation of foreign capital's confidence in China's long-term growth, which makes the overall market fundamentals, valuation, and liquidity fluctuate greatly. After the resonance, the stock price also fluctuates greatly. Applicable to both cycle and upward cycle. Therefore, considering that the general market cycle is synchronized with the economy, we are relatively positive and optimistic about the Hong Kong stock market in the next 1-2 years.</p><p>Wang Shicong emphasized that he is optimistic about the main line of AI in Hong Kong stocks, and judged that the generative AI technology represented by ChatGPT is expected to become a catalyst for a new round of technological revolution after computer PCs and mobile Internet. Recognition and other fields have brought revolutionary changes. Interactive portals, model capabilities, data precipitation, and application scenarios have become key elements for large model manufacturers. In the future, the fund will dig deep into the entire industry chain at home and abroad, focusing on technologies and applications that can actually be implemented and bring disruptive changes in the industry.</p><p></body></html></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 AI trend is resurfacing! China's technology assets have skyrocketed around the world! Fund manager: It's by no means just speculation</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 AI trend is resurfacing! China's technology assets have skyrocketed around the world! Fund manager: It's by no means just speculation\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time smaller\">2023-06-16 23:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The market of science and technology stocks with AI (artificial intelligence) as the outlet has widely spread from the heavy holdings of A-share funds to the positions of public funds in Hong Kong stocks and US stocks.</p><p>There are various signs that the rebound of Chinese asset stocks, characterized by the digital economy and the technological Internet, has substantially launched an almost indiscriminate rise around the world. Some fund managers emphasized that although the current AI market covers many listed companies that lack performance and fundamentals, this main line is no longer a purely thematic investment. AI will have a substantial industrial explosion effect in the future. It is judged that generative AI technology is expected to become a catalyst for a new round of technological revolution after computer PCs and mobile Internet, and is expected to bring revolutionary changes to the entire human-computer interaction mode and interaction entrance, social production efficiency, image recognition and other fields.</p><p><strong>US stocks and Chinese concept stocks begin to rise</strong></p><p>In the early morning of June 16, Beijing time, after experiencing an astonishing long-term decline, Chinese concept stocks listed on the U.S. stock market rebounded across the board, especially small-cap Chinese concept stocks that have been neglected for a long time. A-share fund heavy holdings<a href=\"https://laohu8.com/S/300418\">Kunlun Wanwei</a>The controlled stock of Oupeng Browser has fallen for five consecutive years since it was listed on the US stock market in 2018. In the early morning of the 16th, the stock soared again by 11%, which made this Chinese concept stock that affected the holdings of A-share funds, The stock price rose nearly three times in just six months, setting a record high.</p><p>Market Cap Mini<a href=\"https://laohu8.com/S/XNET\">Thunder</a>Similarly, in just two weeks, the stock price of this small variety of Chinese concept stocks rose by more than 40%. In addition, US stock market listed<a href=\"https://laohu8.com/S/HUYA\">Tiger Tooth</a>、<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>、<a href=\"https://laohu8.com/S/TOUR\">Tuniu</a>, gathering times,<a href=\"https://laohu8.com/S/EM\">Monster Charge</a>、<a href=\"https://laohu8.com/S/QD\">Fun shop</a>A number of small and medium-sized digital economy and Internet companies have achieved a strong rebound in their stock prices this month. For example, the stock price of Tuniu, which is mainly engaged in Internet tourism, has increased by more than 60% this month. The indiscriminate rise of U.S. stocks and Chinese concept stocks has greatly benefited the net value of related funds. As a result, the China Concept Internet ETF managed by E Fund achieved a net value rebound of about 8% in just two weeks this month.</p><p><strong>Hong Kong stock funds' heavy holdings become pioneers of rebound</strong></p><p>The rebound in the Hong Kong stock market is also concentrated in the fields of technology Internet and digital economy. In particular, Public Offering of Fund's heavy holdings in Hong Kong stocks have become the vanguard of the rebound. Supported by the sharp rebound of Kuaishou, Meituan and other stocks, the net value increase of China Internet's leading funds managed by China Asset Management has changed from negative to positive during the year. As of June 16, 2023, the net value increase during the year has been approximately 5.91%. It is worth mentioning that, considering that the net value of this fund product with a heavy position in Hong Kong stocks and Internet has increased by 5.86% in the last month, which means that the net value of China Internet's leading hybrid fund has increased during the year, most of which are concentrated in the last one or two weeks.</p><p>Previously, Qianhai Kaiyuan Shanghai-Hong Kong-Shenzhen Fund, which had a heavy position in Hong Kong stocks and Internet stocks, relied on the \"recovery\" of Hong Kong stocks and Internet stocks in the past two weeks, and its net value quickly turned from its weak performance in the early stage to offensive. The depth of its adjustment of stock prices and the duration of time have made the fund products related to the Internet and digital economy of Hong Kong stocks begin to gain unexpected flexibility after the recovery of Hong Kong stocks.</p><p>In the A-share market, many already high-ranking digital economy and technology stocks once again detonated the A-share market after just one month of sideways fluctuations. Kunlun Wanwei, which was heavily held by Haifutong Fund, surged again in intraday trading on June 16. In addition, social security funds and private equity funds have heavy positions<a href=\"https://laohu8.com/S/300624\">Wondershare Technology</a>、<a href=\"https://laohu8.com/S/300288\">Langma Information</a>、<a href=\"https://laohu8.com/S/300229\">Torsi</a>The re-activity of related AI stocks greatly shows the recognition of institutional funds for the relevant main market.</p><p><strong>AI investment market is not purely thematic investment</strong></p><p>It is obvious that with the extensive and in-depth application of ChatGPT in multiple scenarios, the imagination space of the digital economy and science and technology stocks with artificial intelligence as a technical factor has been significantly enlarged. The market and investors have given high hopes for AI large models, and industries have intensified their exploration efforts, and AI large models may be entering a historical period of rapid and vigorous development.</p><p><strong>Zhang Xiaoquan, research director of Ping An Fund, believes that AI investment is not just speculation, or operated completely according to thematic investment. AI will bring about revolutionary changes in the technology industry chain and have a positive impact on fundamentals in various fields. In the future, AI may become the main line of long-term investment.</strong></p><p>Jin Xi, a researcher at Huashang Fund, also said that from an industrial perspective, domestic and foreign giants are competing to accelerate the deployment of large AI models, including the establishment of AI research departments and the launch of chat<a href=\"https://laohu8.com/S/300024\">Robot</a>, release of AI applications, etc., the long-term upward trend of the overall industry may be relatively clear. Mapped to the current computer sector of the A-share market, although there may be some differences in the direction of AI, the overall observation is still catalyzing. Jin Xi believes that at the current stage, the level of AI technology content is actually not the core factor in changing productivity. Only new tools (i.e. products implemented in application scenarios) can be used to reshape nodes and business processes, and many vertical scenarios can be reshaped. The user habits of the scene make standardization easier, which may be the real improvement of productivity by AI technology. Looking forward to the future, perhaps high-end AI can reshape the industrial scene.</p><p>He pointed out that AI still belongs to the category of information technology industry, and all links in the industrial chain may have a strong head effect. This is because professional scenarios require the accumulation of professional data to optimize model accuracy. Once a product creates a successful case in a certain field, it may receive more and more project orders and bring more data in the future, thereby improving the efficiency of the product, which in turn promotes the growth of project orders, forming a positive feedback effect.</p><p>Based on the above, this also means that AI companies that can achieve commercial success may be more likely to achieve breakthroughs, implementation and realization in AI exploration. Because companies that can achieve commercial success usually have mature cash flow, which can support their continuous R&D investment. However, some start-up companies based on a single AI technical barrier may be helpless when facing application scenarios that require multiple technologies. If they do not master other technologies, it will be difficult to achieve commercialization, and the limitation of commercialization will in turn restrict their investment in new technologies.</p><p>The Hong Kong stock market supported by the AI market has also made many fund managers have more expectations for the Hong Kong stock market. Wang Shicong, manager of Southern Hong Kong Growth Fund, said in an interview with a reporter from the Securities Times that he is currently relatively positive and optimistic about the medium-term dimension of the Hong Kong stock market for two reasons:</p><p><strong>First, the fundamentals of the Chinese economy will be bottom out with a low base in 2022. Second, with the fundamentals of China and the United States showing opposite trends in 23 years, we believe that funds are expected to flow into China quickly.</strong>According to the latest IMF forecast, China is the only country among major economies to accelerate growth in 2023. Hong Kong stocks and Chinese concept stocks, which have previously shrunk sharply in liquidity, are the types of Chinese assets that have benefited relatively from the improvement of funds, and are expected to usher in valuations. Repair and return to a reasonable level. As a representative market for the pro-cyclical industry of China's economy, the Hong Kong stock market is superimposed on the fluctuation of foreign capital's confidence in China's long-term growth, which makes the overall market fundamentals, valuation, and liquidity fluctuate greatly. After the resonance, the stock price also fluctuates greatly. Applicable to both cycle and upward cycle. Therefore, considering that the general market cycle is synchronized with the economy, we are relatively positive and optimistic about the Hong Kong stock market in the next 1-2 years.</p><p>Wang Shicong emphasized that he is optimistic about the main line of AI in Hong Kong stocks, and judged that the generative AI technology represented by ChatGPT is expected to become a catalyst for a new round of technological revolution after computer PCs and mobile Internet. Recognition and other fields have brought revolutionary changes. Interactive portals, model capabilities, data precipitation, and application scenarios have become key elements for large model manufacturers. In the future, the fund will dig deep into the entire industry chain at home and abroad, focusing on technologies and applications that can actually be implemented and bring disruptive changes in the industry.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3769dd26365af1bced97b5af7814b9e6","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165534285","content_text":"以AI（人工智能）为风口的科网股行情，已从A股基金重仓股广泛蔓延到公募基金在港股和美股的持仓上。种种迹象显示，以数字经济、科技互联网为特点的中国资产股票的反弹，在全球范围内都已经实质性地展开几乎无差别的上涨行情，部分基金经理强调，当下的AI行情尽管覆盖到许多缺乏业绩和基本面的上市公司，但该主线已非单纯的主题投资，AI后续具有实质性的产业爆发效果，判断生成式AI技术有望成为继电脑PC、移动互联网之后新一轮科技革命的催化剂，有望给整个人机交互方式和交互入口、社会生产效率、图像识别等领域带来革命性变化。美股中概股开始崛起北京时间6月16日凌晨，在经历惊人的长期下跌后，美股上市的中概股全线展开了反弹，尤其以长期无人问津的小市值中概股股票为反弹的最核心。A股基金重仓股昆仑万维控股的欧朋浏览器股票，自2018年登陆美股上市后，连续下跌五年之久，而在16日凌晨，该股再度暴涨11%，这使得这只影响A股基金持仓的中概股，在短短六个月内股价上涨接近3倍，创下股价历史新高。市值迷你的迅雷同样如此，在短短两周时间，这只中概股小品种的股价涨幅就超过了40%。此外，美股上市的虎牙、爱奇艺、途牛、欢聚时代、怪兽充电、趣店等一批中小市值数字经济、互联网公司在本月内都实现了股价的强劲反弹，如主营互联网旅游的途牛本月股价涨幅超过了60%。美股中概股的无差别的上涨，令相关基金净值获益匪浅，易方达管理的中概互联ETF因此在本月短短两周时间内收获约8%的净值反弹。港股基金重仓股成反弹先锋港股市场的反弹行情也集中出现在科技互联网、数字经济领域，尤其是公募基金在港股的重仓股成为反弹的急先锋。在快手、美团等股票的凌厉反弹支持下，华夏基金管理的华夏互联网龙头基金年内净值涨幅由负归正，截至2023年6月16日，年内净值涨幅约5.91%。值得一提的是，考虑到该只重仓港股互联网的基金产品，其净值最近一个月内的涨幅为5.86%，这意味着华夏互联网龙头混合基金的年内净值上涨，大部分集中在最近的一两周时间。此前，重仓港股互联网的前海开源沪港深基金，凭借最近两周时间港股互联网股票的“复苏”，其净值也由前期的弱势表现迅速转为进攻性，这显示出超跌严重的港股因其调整的股价深度，以及持续的时间长度，使得重仓港股互联网和数字经济的相关基金产品，在港股复苏后开始获得意想不到的弹性。在A股市场，许多本已高高在上的数字经济与科网股，在短短一个月的横盘震荡下，再度引爆A股市场，海富通基金重仓的昆仑万维在6月16日盘中再度暴涨，此外，社保基金、私募基金重仓的万兴科技、朗玛信息、拓尔思等相关AI股票的再度活跃，极大地显示出机构资金对相关主线行情的认可。AI投资行情并非纯主题投资显而易见的是，伴随ChatGPT在多场景的广泛深入应用，以人工智能为技术因子的数字经济、科网股的想象空间得到显著放大，市场、投资者对AI大模型给予了厚望，行业间纷纷加大探索力度，AI大模型或许正进入快速蓬勃发展的历史时期。平安基金研究总监张晓泉认为AI投资并非单纯的炒一把，或完全按照主题投资进行操作，AI将在科技产业链上产生革命性的变化，并对各个领域产生基本面的积极影响，未来AI可能成为长期的投资主线。华商基金研究员金曦也表示，站在产业视角，国内外巨头竞相加速布局AI大模型领域，包括成立AI研究部门、推出聊天机器人、发布AI应用等，整体产业的长期向上趋势可能是较为明确的。映射至当前A股市场计算机大板块中，虽然AI 的方向可能会存在一些分歧，但整体观察依然催化不断。金曦认为，站在当前阶段，AI技术含量的高低，其实不是改变生产力的核心因素，唯有通过新的工具（即在应用场景落地的产品）来重塑节点和业务流程，重塑很多垂直场景的用户习惯，使标准化做得更加容易，可能才是AI技术对生产力的真正提升。前瞻未来，也许高阶的AI可以重塑产业场景。他指出，AI依然属于信息技术行业的范畴，产业链各环节可能都会产生较强的头部效应。这是因为，专业场景需要专业数据的积累，以此来优化模型准确率。一旦某项产品在某一领域打造出成功案例后，后续可能会收到越来越多的项目订单，并带来更多的数据，从而提升产品的效率，反过来再推动项目订单的增长，形成正反馈效应。基于上述所言，这也意味着能够取得商业化成功的AI公司，或许更容易在AI探索上取得突破、落地和变现。因为能够取得商业化成功的公司通常有着成熟的现金流，可以支撑其持续的研发投入。而一些基于单一AI技术壁垒的初创公司，面向需要多元技术的应用场景时可能会束手无策，如果没有掌握其他技术，很难实现商业化，商业化的受限反过来又会制约其进行新技术的投入。而AI行情所支持的港股科网股行情也让许多基金经理，对港股行情开始充满更多期待。南方香港成长基金经理王士聪接受证券时报记者采访时表示，目前对港股市场的中期维度相对积极乐观，有两点原因：第一，中国经济基本面在2022年低基数情况下触底反弹。第二，随着中美基本面在23年呈相反走势，我们认为资金面有望快速流入中国。按照IMF最新预测，中国是主要经济体中，2023年唯一加速增长的国家，之前流动性急剧收缩的港股、中概股是资金面改善情况下，相对受益的中国资产类型，有望迎来估值修复，回归到合理水平。港股市场作为中国经济顺周期行业的代表市场，叠加外资对于中国长期增长信心的波动，使得整体市场基本面、估值、流动性波动均较大，共振后股价也出现较大波动，这在下行周期和上行周期均适用。因此，考虑到市场大体周期与经济同步，我们对未来1-2年港股市场表示相对积极乐观。王士聪强调看好港股的AI主线，判断ChatGPT为代表的生成式AI技术有望成为继电脑PC、移动互联网之后新一轮科技革命的催化剂，有望给整个人机交互方式和交互入口、社会生产效率、图像识别等领域带来革命性变化，交互入口、模型能力、数据沉淀、应用场景成为大模型厂商的关键要素，未来基金将深挖海内外整个产业链，重点关注能够实际落地、能带来行业颠覆式变革的技术和应用，全产业覆盖、聚焦大机会、保持高度追踪，并关注对半导体硬件端的影响。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}