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金钱爱我我爱金钱
金钱爱我我爱金钱
·
2021-08-04
123
Pre-market data: Non-farm payrolls fell significantly below expectations, leading to a decline in US stock futures.
【重磅数据】 美国7月ADP就业人数（万人）：33，为2月来新低；预期：69.5，前值：69.2。 ADP就业数据公司首席经济学家：休闲和酒店业连续第五个月成为增长最快的行业，尽管涨幅有所放缓。经济复
Pre-market data: Non-farm payrolls fell significantly below expectations, leading to a decline in US stock futures.
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金钱爱我我爱金钱
金钱爱我我爱金钱
·
2021-08-03
321
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金钱爱我我爱金钱
金钱爱我我爱金钱
·
2021-07-29
321
Chinese education stocks listed in the US rose across the board, with TAL Education Group surging over 19%.
7月28日，中概教育股全线上涨，好未来涨超19%，高途涨近17%，新东方涨超12%，有道涨超11%。
Chinese education stocks listed in the US rose across the board, with TAL Education Group surging over 19%.
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金钱爱我我爱金钱
金钱爱我我爱金钱
·
2021-07-28
123
Buying at the bottom? Let's wait a bit longer.
外资不怀好意 经历了两天的暴跌，今天的市场貌似松了一口气。 A股三大指数有了一定的企稳迹象，上证和深成指只是分别微跌0.58%、0.05%，创业板指数则在宁德时代的带领下翻红，收涨1.61%。 港股
Buying at the bottom? Let's wait a bit longer.
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金钱爱我我爱金钱
金钱爱我我爱金钱
·
2021-07-28
321
Buying at the bottom? Let's wait a bit longer.
外资不怀好意 经历了两天的暴跌，今天的市场貌似松了一口气。 A股三大指数有了一定的企稳迹象，上证和深成指只是分别微跌0.58%、0.05%，创业板指数则在宁德时代的带领下翻红，收涨1.61%。 港股
Buying at the bottom? Let's wait a bit longer.
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金钱爱我我爱金钱
金钱爱我我爱金钱
·
2021-07-27
123
Pre-market: Are alarm bells ringing for the US economy? Waiting for Tesla's after-hours results
7月26日，美股三大股指期货均小幅走低，截至发稿，道指期货跌0.23%；标普500指数期货跌0.18%；纳斯达克100指数期货跌0.11%。 高盛：将对美国三季度GDP增速预期从9.5%下调至8.5%
Pre-market: Are alarm bells ringing for the US economy? Waiting for Tesla's after-hours results
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金钱爱我我爱金钱
金钱爱我我爱金钱
·
2021-07-22
321
As early as October! The Biden administration will be mired in a fiscal cliff crisis.
如果国会一直不提高债务上限，可能最快今年秋季，拜登政府就会上任后首次面临财政悬崖的威胁。 为美国国会提供预算和经济信息的国会预算办公室（CBO）最新预计，美国财政部可能在今年10月或者11月用尽所有避
As early as October! The Biden administration will be mired in a fiscal cliff crisis.
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金钱爱我我爱金钱
金钱爱我我爱金钱
·
2021-07-21
123
The Cyberspace Administration held talks with Kuaishou, Tencent, Taobao, Weibo, etc. in accordance with the law.
近期，针对快手、腾讯QQ、淘宝、新浪微博、小红书等平台传播儿童软色情表情包、利用未成年人性暗示短视频引流等问题，网信部门依法约谈平台负责人，责令限期整改，全面清理处置相关违法违规信息和账号，并对平台实
The Cyberspace Administration held talks with Kuaishou, Tencent, Taobao, Weibo, etc. in accordance with the law.
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金钱爱我我爱金钱
金钱爱我我爱金钱
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2021-07-20
123
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金钱爱我我爱金钱
金钱爱我我爱金钱
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2021-07-19
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20:04","market":"us","language":"zh","title":"Pre-market data: Non-farm payrolls fell significantly below expectations, leading to a decline in US stock futures.","url":"https://stock-news.laohu8.com/highlight/detail?id=1187259164","media":"老虎资讯综合","summary":"【重磅数据】\n美国7月ADP就业人数（万人）：33，为2月来新低；预期：69.5，前值：69.2。\nADP就业数据公司首席经济学家：休闲和酒店业连续第五个月成为增长最快的行业，尽管涨幅有所放缓。经济复","content":"<p><b>[Key Data]</b></p><p><b>U.S. ADP employment in July (10,000 people): 33, a new low since February; Expected: 69.5, previous value: 69.2.</b></p><p>ADP Employment Data Chief Economist: The leisure and hospitality industry has been the fastest-growing sector for the fifth consecutive month, although the growth rate has slowed. The slowdown in economic recovery has also affected companies of all sizes. Recruitment bottlenecks continue to hinder stronger growth, especially given concerns related to the edge virus. These obstacles should disappear in the coming months, resulting in larger monthly gains in employment.</p><p>This does not bode well for Friday's non-farm payroll report. If the U.S. Bureau of Labor Statistics (BLS) report remains below expectations, the Federal Reserve's rhetoric about \"tapering quantitative easing\" may decrease.</p><p>Following the data release, futures for the three major US stock indexes fell slightly.</p><p><img src=\"https://static.tigerbbs.com/c0cc7cf87e2c065e580b5b0dd2d0b2a4\" tg-width=\"574\" tg-height=\"227\" referrerpolicy=\"no-referrer\"></p><p>【<b>[Chinese concept stocks]</b></p><p><a href=\"https://laohu8.com/S/RLX\">Fog Core Technology</a>The stock rose more than 10% in pre-market trading after its brand RELEX successfully applied for the first clinical trial of e-cigarettes in China.</p><p>Chinese concept game stocks, which plummeted yesterday, were mixed in pre-market trading.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>It fell 0.06%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 0.13%<a href=\"https://laohu8.com/S/HUYA\">Tiger Teeth</a>It rose 1.1%. Today<a href=\"https://laohu8.com/S/00700\">Tencent</a>Hong Kong stocks rose 2.42%.<b>Legendary investor Duan Yongping revealed that he \"bought some Tencent shares\" and said he would buy more if the price fell further.</b></p><p><a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell 0.52% in pre-market trading. Yesterday, miss the market expectation released its Q1 2022 financial report, showing net profit of 45.141 billion yuan, a year-on-year decrease of about 8%, but far exceeding market expectations. Revenue reached 205.74 billion yuan, an increase of about 34% year-on-year, but Alibaba's revenue was 209.451 billion yuan.</p><p><a href=\"https://laohu8.com/S/LIZI\">lychee</a>The stock rose more than 6% in pre-market trading after the company announced a car audio cooperation agreement with Shanghai Potai Yuezhen Network.</p><p>【<b>Important US Stocks</b></p><p><a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a>It rose nearly 6% in pre-market trading, with second-quarter revenue and net profit increasing by 19% and 51% year-on-year, respectively.</p><p><a href=\"https://laohu8.com/S/GM\">general motors</a>The stock fell 4% in pre-market trading, despite the company raising its full-year adjusted earnings per share forecast, the increase was miss the market expectation.</p><p><a href=\"https://laohu8.com/S/FUBO\">fuboTV</a>The stock fell more than 2% in pre-market trading after the company had previously applied to the SEC for a hybrid shelving offering of up to $750 million.</p><p><a href=\"https://laohu8.com/S/COUR\">will run</a>The stock rose nearly 10% in pre-market trading after investment bank Ruijie Financial upgraded its rating on the stock from \"flat\" to \"outperform\".</p><p><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings</a>It rose 2% in pre-market trading.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Partner with Affirm to provide installment payment services for Canadian users.</p><p><a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>It fell 0.64% in pre-market trading after second-quarter revenue increased by 102% year-on-year, and net loss narrowed significantly year-on-year.</p><p><a href=\"https://laohu8.com/S/HOOD\">Robinhood</a>It rose nearly 15% in pre-market trading, and the stock price is poised to break through the $50 mark and hit a new historical high after the market opens.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose 0.35% in pre-market trading. According to Tesla China's official website, the price of the Model S Long Range version has been raised from 829,999 yuan to 859,999 yuan, an increase of 30,000 yuan. The price of the higher-end Plaid version remains unchanged at 1,059,999 yuan.</p><p>【<b>Commodities]</b></p><p>International oil prices fell. There is growing concern that the spread of the Delta variant in major consuming countries will reduce fuel demand.</p><p>As of press time, WTI crude oil futures were trading at $69.31 per barrel, down 1.77%. Brent crude oil futures were trading at $71.47 a barrel, down 1.30%.</p><p><img src=\"https://static.tigerbbs.com/07ee78eec001702b079bc353765615c2\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rose. The previously released US ADP employment data hit a new low in nearly six months.</p><p>As of press time, gold futures in the New York market were trading at $1,827.30 per ounce, up 0.73%.</p><p><img src=\"https://static.tigerbbs.com/1f93e762cc980d966f771fe6cbbc162b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-market data: Non-farm payrolls fell significantly below expectations, leading to a decline in US stock futures.</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\">\nPre-market data: Non-farm payrolls fell significantly below expectations, leading to a decline in US stock futures.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-04 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>[Key Data]</b></p><p><b>U.S. ADP employment in July (10,000 people): 33, a new low since February; Expected: 69.5, previous value: 69.2.</b></p><p>ADP Employment Data Chief Economist: The leisure and hospitality industry has been the fastest-growing sector for the fifth consecutive month, although the growth rate has slowed. The slowdown in economic recovery has also affected companies of all sizes. Recruitment bottlenecks continue to hinder stronger growth, especially given concerns related to the edge virus. These obstacles should disappear in the coming months, resulting in larger monthly gains in employment.</p><p>This does not bode well for Friday's non-farm payroll report. If the U.S. Bureau of Labor Statistics (BLS) report remains below expectations, the Federal Reserve's rhetoric about \"tapering quantitative easing\" may decrease.</p><p>Following the data release, futures for the three major US stock indexes fell slightly.</p><p><img src=\"https://static.tigerbbs.com/c0cc7cf87e2c065e580b5b0dd2d0b2a4\" tg-width=\"574\" tg-height=\"227\" referrerpolicy=\"no-referrer\"></p><p>【<b>[Chinese concept stocks]</b></p><p><a href=\"https://laohu8.com/S/RLX\">Fog Core Technology</a>The stock rose more than 10% in pre-market trading after its brand RELEX successfully applied for the first clinical trial of e-cigarettes in China.</p><p>Chinese concept game stocks, which plummeted yesterday, were mixed in pre-market trading.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>It fell 0.06%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 0.13%<a href=\"https://laohu8.com/S/HUYA\">Tiger Teeth</a>It rose 1.1%. Today<a href=\"https://laohu8.com/S/00700\">Tencent</a>Hong Kong stocks rose 2.42%.<b>Legendary investor Duan Yongping revealed that he \"bought some Tencent shares\" and said he would buy more if the price fell further.</b></p><p><a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell 0.52% in pre-market trading. Yesterday, miss the market expectation released its Q1 2022 financial report, showing net profit of 45.141 billion yuan, a year-on-year decrease of about 8%, but far exceeding market expectations. Revenue reached 205.74 billion yuan, an increase of about 34% year-on-year, but Alibaba's revenue was 209.451 billion yuan.</p><p><a href=\"https://laohu8.com/S/LIZI\">lychee</a>The stock rose more than 6% in pre-market trading after the company announced a car audio cooperation agreement with Shanghai Potai Yuezhen Network.</p><p>【<b>Important US Stocks</b></p><p><a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a>It rose nearly 6% in pre-market trading, with second-quarter revenue and net profit increasing by 19% and 51% year-on-year, respectively.</p><p><a href=\"https://laohu8.com/S/GM\">general motors</a>The stock fell 4% in pre-market trading, despite the company raising its full-year adjusted earnings per share forecast, the increase was miss the market expectation.</p><p><a href=\"https://laohu8.com/S/FUBO\">fuboTV</a>The stock fell more than 2% in pre-market trading after the company had previously applied to the SEC for a hybrid shelving offering of up to $750 million.</p><p><a href=\"https://laohu8.com/S/COUR\">will run</a>The stock rose nearly 10% in pre-market trading after investment bank Ruijie Financial upgraded its rating on the stock from \"flat\" to \"outperform\".</p><p><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings</a>It rose 2% in pre-market trading.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Partner with Affirm to provide installment payment services for Canadian users.</p><p><a href=\"https://laohu8.com/S/OXY\">Western Petroleum</a>It fell 0.64% in pre-market trading after second-quarter revenue increased by 102% year-on-year, and net loss narrowed significantly year-on-year.</p><p><a href=\"https://laohu8.com/S/HOOD\">Robinhood</a>It rose nearly 15% in pre-market trading, and the stock price is poised to break through the $50 mark and hit a new historical high after the market opens.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose 0.35% in pre-market trading. According to Tesla China's official website, the price of the Model S Long Range version has been raised from 829,999 yuan to 859,999 yuan, an increase of 30,000 yuan. The price of the higher-end Plaid version remains unchanged at 1,059,999 yuan.</p><p>【<b>Commodities]</b></p><p>International oil prices fell. There is growing concern that the spread of the Delta variant in major consuming countries will reduce fuel demand.</p><p>As of press time, WTI crude oil futures were trading at $69.31 per barrel, down 1.77%. Brent crude oil futures were trading at $71.47 a barrel, down 1.30%.</p><p><img src=\"https://static.tigerbbs.com/07ee78eec001702b079bc353765615c2\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rose. The previously released US ADP employment data hit a new low in nearly six months.</p><p>As of press time, gold futures in the New York market were trading at $1,827.30 per ounce, up 0.73%.</p><p><img src=\"https://static.tigerbbs.com/1f93e762cc980d966f771fe6cbbc162b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187259164","content_text":"【重磅数据】\n美国7月ADP就业人数（万人）：33，为2月来新低；预期：69.5，前值：69.2。\nADP就业数据公司首席经济学家：休闲和酒店业连续第五个月成为增长最快的行业，尽管涨幅有所放缓。经济复苏的放缓也影响了各种规模的公司。招聘瓶颈继续阻碍更强劲的增长，特别是考虑到与边总病毒有关的担忧。这些障碍应该会在未来几个月消失，其结果是就业人数的月度涨幅会更大。\n对于周五的非农报告来说，这并不是一个好的前兆。如果美国劳工统计局（BLS）的报告仍然低于预期，美联储的“缩减量化宽松”言论可能会减少。\n数据公布后，美股三大指数期货小幅下跌。\n\n【中概股】\n雾芯科技盘前涨超10%，旗下品牌悦刻成功申报国内首个电子烟临床试验。\n昨日大跌的中概游戏股盘前涨跌不一，网易跌0.06%，哔哩哔哩涨0.13%，虎牙涨1.1%。今日腾讯在港股上涨2.42%，传奇投资人段永平自曝“买了点腾讯”，而且说再跌再多买点。\n阿里巴巴盘前跌0.52%。昨日阿里发布2022财年Q1财报，净利润达451.41亿元，同比下降约8%，但远超市场预期，营收达2057.4亿元较同期上涨约34%，但不及市场预期的2094.51亿元。\n荔枝盘前涨超6%，公司宣布与上海博泰悦臻网络达成车载音频合作协议。\n【重要美股】\n动视暴雪盘前涨近6%，第二季度营收、净利润分别同比增长19%和51%。\n通用汽车盘前跌4%，尽管公司上调全年调整后每股盈利预期，但上调幅度不及市场预期。\nfuboTV盘前跌超2%，公司早前向SEC申请最高7.5亿美元的混合储架发行。\nCoursera盘前涨近10%，早前投行瑞杰金融将该股评级从持平大市上调至跑赢大市。\nAffirm Holdings盘前涨2%，苹果与Affirm合作为加拿大用户提供分期付款服务。\n西方石油盘前跌0.64%，第二季度营收同比增长102%，净亏损同比大幅收窄。\nRobinhood盘前涨近15%，开盘后股价势将突破50美元关口并创历史新高。\n特斯拉盘前涨0.35%。从特斯拉中国官网获悉，Model S长续航版售价由此前的82.999万元上调至85.999万元，涨幅3万元，高配的Plaid版本售价不变，仍为105.999万元。\n【大宗商品】\n国际油价下跌。人们愈发担心，Delta变种病毒在主要消费国的蔓延将削减燃料需求。\n截至发稿，WTI原油期货价格报69.31美元/桶，跌幅1.77%；布伦特原油期货价格报71.47美元/桶，跌幅1.30%。\n\n国际金价走高。此前公布的美国ADP就业数据创近半年来新低。\n截至发稿，纽约市场黄金期货价格报1827.30美元/盎司，涨幅0.73%。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":6227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804779201,"gmtCreate":1627984187803,"gmtModify":1703499089336,"author":{"id":"3585253530091052","authorId":"3585253530091052","name":"金钱爱我我爱金钱","avatar":"https://static.tigerbbs.com/df97d16e5df9b53484375824fa3acbfb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585253530091052","idStr":"3585253530091052"},"themes":[],"title":"","htmlText":"321","listText":"321","text":"321","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/804779201","repostId":"1164932897","repostType":4,"isVote":1,"tweetType":1,"viewCount":6567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801541708,"gmtCreate":1627524824604,"gmtModify":1703491654988,"author":{"id":"3585253530091052","authorId":"3585253530091052","name":"金钱爱我我爱金钱","avatar":"https://static.tigerbbs.com/df97d16e5df9b53484375824fa3acbfb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585253530091052","idStr":"3585253530091052"},"themes":[],"title":"","htmlText":"321","listText":"321","text":"321","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801541708","repostId":"1151499501","repostType":4,"repost":{"id":"1151499501","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627481151,"share":"https://ttm.financial/m/news/1151499501?lang=en_US&edition=fundamental","pubTime":"2021-07-28 22:05","market":"other","language":"zh","title":"Chinese education stocks listed in the US rose across the board, with TAL Education Group surging over 19%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1151499501","media":"老虎资讯综合","summary":"7月28日，中概教育股全线上涨，好未来涨超19%，高途涨近17%，新东方涨超12%，有道涨超11%。","content":"<p>On July 28, all Chinese concept education stocks rose.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose by over 19%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>Up nearly 17%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose by over 12%.<a href=\"https://laohu8.com/S/DAO\">Youdao</a>It rose by more than 11%.</p><p><img src=\"https://static.tigerbbs.com/7c87073d9d8e29fef4bc88df33764834\" tg-width=\"376\" tg-height=\"243\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese education stocks listed in the US rose across the board, with TAL Education Group surging over 19%.</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\">\nChinese education stocks listed in the US rose across the board, with TAL Education Group surging over 19%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-28 22:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 28, all Chinese concept education stocks rose.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>It rose by over 19%.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>Up nearly 17%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose by over 12%.<a href=\"https://laohu8.com/S/DAO\">Youdao</a>It rose by more than 11%.</p><p><img src=\"https://static.tigerbbs.com/7c87073d9d8e29fef4bc88df33764834\" tg-width=\"376\" tg-height=\"243\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9730389e2c12f92286a75c147f1ce1db","relate_stocks":{"EDU":"新东方","GOTU":"高途","TAL":"好未来","DAO":"有道"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151499501","content_text":"7月28日，中概教育股全线上涨，好未来涨超19%，高途涨近17%，新东方涨超12%，有道涨超11%。","news_type":1,"symbols_score_info":{"TAL":0.9,"DAO":0.9,"EDU":0.9,"GOTU":0.9}},"isVote":1,"tweetType":1,"viewCount":6871,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801372764,"gmtCreate":1627485339358,"gmtModify":1703490973181,"author":{"id":"3585253530091052","authorId":"3585253530091052","name":"金钱爱我我爱金钱","avatar":"https://static.tigerbbs.com/df97d16e5df9b53484375824fa3acbfb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585253530091052","idStr":"3585253530091052"},"themes":[],"title":"","htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801372764","repostId":"1187015717","repostType":4,"repost":{"id":"1187015717","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1627476468,"share":"https://ttm.financial/m/news/1187015717?lang=en_US&edition=fundamental","pubTime":"2021-07-28 20:47","market":"sh","language":"zh","title":"Buying at the bottom? Let's wait a bit longer.","url":"https://stock-news.laohu8.com/highlight/detail?id=1187015717","media":"格隆汇投资学苑","summary":"外资不怀好意\n\n经历了两天的暴跌，今天的市场貌似松了一口气。\nA股三大指数有了一定的企稳迹象，上证和深成指只是分别微跌0.58%、0.05%，创业板指数则在宁德时代的带领下翻红，收涨1.61%。\n港股","content":"<p>Foreign capital maliciously experienced two days of sharp declines, and the market seems to have breathed a sigh of relief today.</p><p>The three major A-share indices have shown some signs of stabilization, with the Shanghai Composite Index and the Shenzhen Component Index only falling slightly by 0.58% and 0.05% respectively, while the ChiNext Index...<a href=\"https://laohu8.com/S/300750\">CATL</a>Led by the stock, it turned positive, closing up 1.61%.</p><p>Hong Kong stocks also rebounded, with the Hang Seng Index closing up 1.35% and the Hang Seng Tech Index closing up 2.75%.</p><p>In terms of sectors and individual stocks, new energy companies rose again, while consumer, pharmaceutical, and internet companies also rebounded to some extent. After a moment of panic, the days seemed to return to before, with music and dancing continuing.</p><p><b>However, the calm on the stage could not conceal the undercurrents surging beneath the stage.</b></p><p><b>1、</b><b><b>Hong Kong A-shares collectively fell</b></b></p><p>This round of sharp decline was caused by policies, especially those targeting after-school education, which almost wiped out the industry. There's nothing we can do about it. Under the national strategy of encouraging childbirth, anything that goes against this policy will inevitably be \"attracted to shut down.\" Even if education stocks on the Hong Kong and US stock exchanges are delisted, we shouldn't find it strange.</p><p>Strangely, this time it wasn't just education stocks that were dragged down, but the entire market. Since last Friday, the Hang Seng Index has fallen by nearly 10% in the past three trading days; The daily decline over the past two days has exceeded 1,000 points. Looking at the candlestick chart, it can be described as a \"plunge\" market.</p><p><img src=\"https://static.tigerbbs.com/aea44e8f9c2a90108b703d571a831add\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>This kind of \"landscape\" of decline occurred in 2019 and 2020, but corresponding to the macroeconomic environment at that time, the first time was due to the overturning of the initial draft of the US-China trade negotiation agreement, the second time was due to Trump's imposition of tariffs on the remaining $300 billion worth of Chinese imports, which escalated the US-China trade war, and the second time in 2020 was due to the outbreak of COVID-19 and the global stock market crash.</p><p>This time, there was neither a trade war nor a major disaster. Although the macroeconomy was under pressure, it was generally stable. In terms of policy, the series of negative factors can be explained to some extent as \"there were 10 birds in the tree, one was shot and killed, and the others were all scared away.\"<b>But in the absence of extreme natural or man-made disasters, can such a panicked sell-off be solely attributed to a financial panic?</b></p><p>Some people blame it on the fall of the Hang Seng Tech Index. The stock has fallen by as much as 16.6% over the past three trading days, and yesterday's intraday drop exceeded 10%, directly falling below the initial level.</p><p><img src=\"https://static.tigerbbs.com/4aec5d86c06cb9f7d868fa93265db1a1\" tg-width=\"991\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>Admittedly, the Hang Seng Tech Index is home to internet giants, who are also weighted stocks in the Hang Seng Index. This year, the government's anti-monopoly crackdown on the internet has intensified, with the stock prices of industry giants generally falling by more than 40%, especially in the past three trading days.<a href=\"https://laohu8.com/S/00700\">Tencent</a>With a drop of nearly 19%, the Hang Seng Tech Index and even the Hang Seng Index could not escape the fate.</p><p>But this isn't the first time an anti-monopoly incident has occurred. The market has been digesting it for more than half a year, so why wait until now for a concentrated exodus?</p><p>Looking at the A-share market, the situation is very similar. It plummeted by 5% in the past three trading days. Only the trade war in 2018, the COVID-19 pandemic in 2020, and the major correction in February of this year can compare to this kind of short-term sharp drop.</p><p><img src=\"https://static.tigerbbs.com/476d2dfe6bfbb0e1348082bb3e68a869\" tg-width=\"991\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p>A-share benchmark -<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>The stock price fell from a high of 2,006 yuan last Wednesday to 1,712 yuan in four trading days, a drop of 13%. Such a sharp drop only occurred at the end of October 2018 when the performance fell short of expectations and during the major correction in February this year. It did not occur even during the outbreak of the COVID-19 pandemic last year.</p><p>Have Moutai's fundamentals changed? No. No.</p><p>Has Moutai's operations been significantly impacted? Neither.</p><p>From a national strategic perspective, high-profit industries should undoubtedly serve more for childbirth, technological innovation, and the realization of the overall goal of socialism. This also explains the reason for Moutai's sharp drop. However, attributing it to macroeconomic factors always seems difficult to say in the past. So let's return to the most direct factor influencing stock prices—<b>Market Trading</b>。</p><p>Since the opening of the Stock Connect program, Kweichow Moutai has become a favorite for foreign investors in A-shares, and of course, it has also become the best target for observing foreign investment trends. Every abnormality in Moutai's stock price can be gleaned from the inflow and outflow of foreign capital. For example, in the five trading days before and after the \"218\" major correction, foreign capital net sold 1.28 million shares of Moutai, with a net selling amount of 22.4 billion yuan; For example, on May 25, Moutai surged 6% in a single day, with foreign capital net buying 1.42 million shares, amounting to 4.5 billion yuan.</p><p>We have noticed a significant net sell-off of Kweichow Moutai by foreign capital in the past few days, with a total of 810,000 shares sold, resulting in a net outflow of 10.3 billion yuan. What signal does this signal?</p><p><b>2、</b><b><b>As stocks, bonds, and currencies fall, are foreign capital selling off their shares?</b></b></p><p>On the other hand, there was a wave of abnormal fluctuations in stocks, currencies, and bonds at the close of trading yesterday in A-shares. Around 3 p.m., the RMB exchange rate against the US dollar experienced a concentrated depreciation, reaching 0.5%, which is already quite significant in the exchange rate market.</p><p><img src=\"https://static.tigerbbs.com/8d4595c9fbbb94c8f63e69ffa0d80de4\" tg-width=\"994\" tg-height=\"655\" referrerpolicy=\"no-referrer\"></p><p>The FTSE China A50 Index not only fell sharply at the close of trading, with A-shares falling 2.8% at the close, but also experienced a sharp drop after the close, falling another 3% within half an hour, equivalent to the largest drop of 5.8% that day.</p><p><img src=\"https://static.tigerbbs.com/3bb9fa0ef44baba21c43dfc676d62f06\" tg-width=\"714\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p><p>In the bond market, a concentrated decline began at 3 p.m. China's 10-year Treasury Bond saw a surge in yields starting at 3 p.m., signifying a sharp drop in bond prices.</p><p><img src=\"https://static.tigerbbs.com/9a5d6b0298e45ef4de5481d621262293\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>In the past few days, the three major US stock indices have been climbing steadily, but only Chinese concept stocks have suffered one setback after another. Not to mention education and internet stocks, even the new energy sector, which represents the industry direction, has fallen significantly.</p><p><img src=\"https://static.tigerbbs.com/d35ae05da66d8b6916823e4acd12a612\" tg-width=\"711\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Hong Kong stocks and A-shares plummeted, with stocks, bonds, and currencies all taking a hit. Chinese concept stocks were collectively abandoned, and the Hong Kong Stock Connect has seen net outflows for several consecutive days. Although there is no concrete data to support this, if these signs are strung together, it is highly likely that foreign capital is dumping shares or even maliciously shorting.</p><p><img src=\"https://static.tigerbbs.com/805add633a6620a2fabee1c966d2ed74\" tg-width=\"997\" tg-height=\"717\" referrerpolicy=\"no-referrer\"></p><p>We have no intention of using \"conspiracy theories\" to blame foreign capital for this sharp drop, but history has constantly told us that the behavior of foreign capital, especially American capital, in this regard is indeed difficult to believe. American capital bears significant responsibility for the 1997 Southeast Asian and Hong Kong financial crises and the 2018 economic crises in emerging countries.</p><p>In the current environment of increasingly fierce competition between China and the United States, the Americans can be considered experts among experts in this regard by using their best financial means to interfere with their adversaries and achieve both political and economic goals. As for the technique, it is also very simple.<b>First, massive inflows will drive up asset prices, then a frenzied sell-off will be conducted, and short selling will be carried out through other derivative instruments, ultimately aiming to realize profits in the short term and make a large sum of money from the collapse.</b>Moreover, this is a negative policy decision made by China itself, making it a rare opportunity.</p><p>After yesterday's market close, some media outlets attributed the sharp drop in stocks, bonds, and currencies to the flight of foreign capital.</p><p><img src=\"https://static.tigerbbs.com/da54687cbfb1c5c9159cd6914c02e869\" tg-width=\"829\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae782165293c8450b64ce4517fb305fc\" tg-width=\"556\" tg-height=\"799\" referrerpolicy=\"no-referrer\"></p><p>Some may question whether foreign investment in and out of Hong Kong stocks is relatively free and they can do so without restraint. However, the net outflow of Hong Kong stocks through the Stock Connect in the past few days is only 20 billion yuan, which is just a few drops of water compared to the tens of trillions of yuan in A-shares. How big a wave can this cause?</p><p>Don't forget that many domestic institutions and retail investors have already regarded foreign capital as the benchmark for their operations, and following in the footsteps of foreign capital has become a belief for many. Foreign capital operations are only in the tens of billions of yuan, but the resulting follow-up can be in the tens or even hundreds of billions of yuan.</p><p>In addition, foreign investment in A-shares is not limited to the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. There are also QFIIs. Currently, foreign investors hold 3.36 trillion yuan in A-shares, of which only 1.45 trillion yuan of northbound capital came in through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, while the remaining nearly 2 trillion yuan came in through QFIIs and other channels. If these funds were to simultaneously participate in the sell-off, the scale would be far greater than just 20 billion yuan; the damage would be even greater. More importantly, QFII operation data will not be released until the end of the quarter. In other words, even if they sell off, investors will find it difficult to obtain information immediately. Foolishly following the trend will only make them \"accomplices\" of foreign capital.</p><p>Furthermore, QFIIs are funds located in mainland China, and their supervision is relatively strong. Their entry and exit are not as free as in Hong Kong, but this does not seem to hinder foreign investment, such as the sudden surge in trading volume in Bitcoin. Last year's surge in Bitcoin can be attributed to exceptionally loose liquidity, but this condition clearly does not exist now. Combined with the sharp decline in Hong Kong and A-shares in the past two days, do you really believe that the surge in Bitcoin has nothing to do with this?</p><p><img src=\"https://static.tigerbbs.com/b93a06d0195b702bbe9535ef8e7d974d\" tg-width=\"1080\" tg-height=\"2400\" referrerpolicy=\"no-referrer\"></p><p><b>3、</b><b><b>We can't deal with foreign investment?</b></b></p><p>However, how foreign capital stirs up trouble is a matter for foreign capital, but that doesn't mean we can't deal with it. The country is well aware of this.</p><p>In April of this year, in just one week, more than 40 billion yuan of foreign capital flowed into A-shares. The flow rate was very fast. Although the amount may not be large, it has considerable influence on the A-share market and can even affect the direction of \"public opinion\" in the market.</p><p>At the time, Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), made some harsh</p><p><b>First, the China Securities Regulatory Commission (CSRC) \"has a clear understanding of foreign investment in A-shares.\"</b></p><p><b>Second, if a foreign account causes significant fluctuations in the stock market, we can suspend its trading.</b></p><p>To put it bluntly, regulators do not welcome foreign capital that stirs up trouble or harbors ill intentions in the A-share market and have issued a stern warning. In layman's terms, it means stating the unpleasantness upfront, and if you don't listen, your trading will be suspended!</p><p>If these regulatory measures are somewhat simplistic and crude, and are criticized for excessive market intervention and affecting the confidence of overseas investors, then using the \"national team\" to fight against malicious foreign capital in the market is a self-protective act of respecting the rules. Especially after the thrilling \"market rescue battle\" in 2015, the country has gained rich experience in this regard.</p><p>Today, foreign capital saw a net inflow of 8 billion yuan again, and Moutai also surged 3.27%, indicating that foreign capital is actually \"pragmatic\" and that going against the Chinese government is not beneficial.</p><p><b>4、</b><b><b>What is the outlook for the market?</b></b></p><p>Having discussed foreign investment, let's return to the market outlook, which is of great concern to everyone.</p><p>Today's market saw the most significant rebounds in new energy, consumer (liquor), and internet sectors, and even some banking and real estate sectors, which is inevitably a bit confusing.</p><p><b>I can understand new energy, after all, it represents the global industrial revolution and a \"bright future\". But liquor, internet, real estate and banking, which were just hit hard yesterday and were supposed to represent the \"decadent past\", how come they have collectively rebounded today?</b></p><p>It cannot be ruled out that the \"national team\" will intervene to stabilize the market, but returning to the capital market also has its own logic. In the long run, it will definitely be consistent with the direction of the country and the world. However, short-term fluctuations and divergences are actually quite normal, because if stock prices fall too much, there will always be people who will buy at the bottom.</p><p>At a deeper level, some companies that are not in the national industrial direction may eventually disappear or become part of daily life. For example, it is true that the Internet has shed its halo of high growth, and it is also true that it has killed valuations and logic as a result. However, from the country to the people, everyone cannot do without it, just as they cannot do without \"water, electricity and gas\". Therefore, the value of the Internet as infrastructure still exists. At the very least, valuing it with public utility stocks will not make a big mistake.</p><p>For stock market investors, after worrying about the future of their country, the next step is to worry about when to buy at the bottom.</p><p>Now, it's hard to say that the stock prices of these representatives of the \"corrupt past\" have fallen to reasonable levels, because no one knows what anti-monopoly actions the government will take or what policies will be introduced to reduce births. The valuations of these stocks are not very attractive. Moutai's dynamic PE ratio is 46 times, which has been high for most of the past decade.</p><p><img src=\"https://static.tigerbbs.com/34629cb8aa8e8dd007b3f7e10059f328\" tg-width=\"995\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p>Tencent's stock price has only returned to where it was in May last year, with a dynamic PE ratio of 20. Whether it is high or low will only be known after the interim results are released. However, judging from the information disclosed, the performance is not expected to be very optimistic.</p><p>There's also a major Federal Reserve interest rate meeting tonight.</p><p>If you want to buy at the bottom, wait a little longer.</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>Buying at the bottom? Let's wait a bit longer.</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\">\nBuying at the bottom? Let's wait a bit longer.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇投资学苑 </p>\n<p class=\"h-time smaller\">2021-07-28 20:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Foreign capital maliciously experienced two days of sharp declines, and the market seems to have breathed a sigh of relief today.</p><p>The three major A-share indices have shown some signs of stabilization, with the Shanghai Composite Index and the Shenzhen Component Index only falling slightly by 0.58% and 0.05% respectively, while the ChiNext Index...<a href=\"https://laohu8.com/S/300750\">CATL</a>Led by the stock, it turned positive, closing up 1.61%.</p><p>Hong Kong stocks also rebounded, with the Hang Seng Index closing up 1.35% and the Hang Seng Tech Index closing up 2.75%.</p><p>In terms of sectors and individual stocks, new energy companies rose again, while consumer, pharmaceutical, and internet companies also rebounded to some extent. After a moment of panic, the days seemed to return to before, with music and dancing continuing.</p><p><b>However, the calm on the stage could not conceal the undercurrents surging beneath the stage.</b></p><p><b>1、</b><b><b>Hong Kong A-shares collectively fell</b></b></p><p>This round of sharp decline was caused by policies, especially those targeting after-school education, which almost wiped out the industry. There's nothing we can do about it. Under the national strategy of encouraging childbirth, anything that goes against this policy will inevitably be \"attracted to shut down.\" Even if education stocks on the Hong Kong and US stock exchanges are delisted, we shouldn't find it strange.</p><p>Strangely, this time it wasn't just education stocks that were dragged down, but the entire market. Since last Friday, the Hang Seng Index has fallen by nearly 10% in the past three trading days; The daily decline over the past two days has exceeded 1,000 points. Looking at the candlestick chart, it can be described as a \"plunge\" market.</p><p><img src=\"https://static.tigerbbs.com/aea44e8f9c2a90108b703d571a831add\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>This kind of \"landscape\" of decline occurred in 2019 and 2020, but corresponding to the macroeconomic environment at that time, the first time was due to the overturning of the initial draft of the US-China trade negotiation agreement, the second time was due to Trump's imposition of tariffs on the remaining $300 billion worth of Chinese imports, which escalated the US-China trade war, and the second time in 2020 was due to the outbreak of COVID-19 and the global stock market crash.</p><p>This time, there was neither a trade war nor a major disaster. Although the macroeconomy was under pressure, it was generally stable. In terms of policy, the series of negative factors can be explained to some extent as \"there were 10 birds in the tree, one was shot and killed, and the others were all scared away.\"<b>But in the absence of extreme natural or man-made disasters, can such a panicked sell-off be solely attributed to a financial panic?</b></p><p>Some people blame it on the fall of the Hang Seng Tech Index. The stock has fallen by as much as 16.6% over the past three trading days, and yesterday's intraday drop exceeded 10%, directly falling below the initial level.</p><p><img src=\"https://static.tigerbbs.com/4aec5d86c06cb9f7d868fa93265db1a1\" tg-width=\"991\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>Admittedly, the Hang Seng Tech Index is home to internet giants, who are also weighted stocks in the Hang Seng Index. This year, the government's anti-monopoly crackdown on the internet has intensified, with the stock prices of industry giants generally falling by more than 40%, especially in the past three trading days.<a href=\"https://laohu8.com/S/00700\">Tencent</a>With a drop of nearly 19%, the Hang Seng Tech Index and even the Hang Seng Index could not escape the fate.</p><p>But this isn't the first time an anti-monopoly incident has occurred. The market has been digesting it for more than half a year, so why wait until now for a concentrated exodus?</p><p>Looking at the A-share market, the situation is very similar. It plummeted by 5% in the past three trading days. Only the trade war in 2018, the COVID-19 pandemic in 2020, and the major correction in February of this year can compare to this kind of short-term sharp drop.</p><p><img src=\"https://static.tigerbbs.com/476d2dfe6bfbb0e1348082bb3e68a869\" tg-width=\"991\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p>A-share benchmark -<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>The stock price fell from a high of 2,006 yuan last Wednesday to 1,712 yuan in four trading days, a drop of 13%. Such a sharp drop only occurred at the end of October 2018 when the performance fell short of expectations and during the major correction in February this year. It did not occur even during the outbreak of the COVID-19 pandemic last year.</p><p>Have Moutai's fundamentals changed? No. No.</p><p>Has Moutai's operations been significantly impacted? Neither.</p><p>From a national strategic perspective, high-profit industries should undoubtedly serve more for childbirth, technological innovation, and the realization of the overall goal of socialism. This also explains the reason for Moutai's sharp drop. However, attributing it to macroeconomic factors always seems difficult to say in the past. So let's return to the most direct factor influencing stock prices—<b>Market Trading</b>。</p><p>Since the opening of the Stock Connect program, Kweichow Moutai has become a favorite for foreign investors in A-shares, and of course, it has also become the best target for observing foreign investment trends. Every abnormality in Moutai's stock price can be gleaned from the inflow and outflow of foreign capital. For example, in the five trading days before and after the \"218\" major correction, foreign capital net sold 1.28 million shares of Moutai, with a net selling amount of 22.4 billion yuan; For example, on May 25, Moutai surged 6% in a single day, with foreign capital net buying 1.42 million shares, amounting to 4.5 billion yuan.</p><p>We have noticed a significant net sell-off of Kweichow Moutai by foreign capital in the past few days, with a total of 810,000 shares sold, resulting in a net outflow of 10.3 billion yuan. What signal does this signal?</p><p><b>2、</b><b><b>As stocks, bonds, and currencies fall, are foreign capital selling off their shares?</b></b></p><p>On the other hand, there was a wave of abnormal fluctuations in stocks, currencies, and bonds at the close of trading yesterday in A-shares. Around 3 p.m., the RMB exchange rate against the US dollar experienced a concentrated depreciation, reaching 0.5%, which is already quite significant in the exchange rate market.</p><p><img src=\"https://static.tigerbbs.com/8d4595c9fbbb94c8f63e69ffa0d80de4\" tg-width=\"994\" tg-height=\"655\" referrerpolicy=\"no-referrer\"></p><p>The FTSE China A50 Index not only fell sharply at the close of trading, with A-shares falling 2.8% at the close, but also experienced a sharp drop after the close, falling another 3% within half an hour, equivalent to the largest drop of 5.8% that day.</p><p><img src=\"https://static.tigerbbs.com/3bb9fa0ef44baba21c43dfc676d62f06\" tg-width=\"714\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p><p>In the bond market, a concentrated decline began at 3 p.m. China's 10-year Treasury Bond saw a surge in yields starting at 3 p.m., signifying a sharp drop in bond prices.</p><p><img src=\"https://static.tigerbbs.com/9a5d6b0298e45ef4de5481d621262293\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>In the past few days, the three major US stock indices have been climbing steadily, but only Chinese concept stocks have suffered one setback after another. Not to mention education and internet stocks, even the new energy sector, which represents the industry direction, has fallen significantly.</p><p><img src=\"https://static.tigerbbs.com/d35ae05da66d8b6916823e4acd12a612\" tg-width=\"711\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Hong Kong stocks and A-shares plummeted, with stocks, bonds, and currencies all taking a hit. Chinese concept stocks were collectively abandoned, and the Hong Kong Stock Connect has seen net outflows for several consecutive days. Although there is no concrete data to support this, if these signs are strung together, it is highly likely that foreign capital is dumping shares or even maliciously shorting.</p><p><img src=\"https://static.tigerbbs.com/805add633a6620a2fabee1c966d2ed74\" tg-width=\"997\" tg-height=\"717\" referrerpolicy=\"no-referrer\"></p><p>We have no intention of using \"conspiracy theories\" to blame foreign capital for this sharp drop, but history has constantly told us that the behavior of foreign capital, especially American capital, in this regard is indeed difficult to believe. American capital bears significant responsibility for the 1997 Southeast Asian and Hong Kong financial crises and the 2018 economic crises in emerging countries.</p><p>In the current environment of increasingly fierce competition between China and the United States, the Americans can be considered experts among experts in this regard by using their best financial means to interfere with their adversaries and achieve both political and economic goals. As for the technique, it is also very simple.<b>First, massive inflows will drive up asset prices, then a frenzied sell-off will be conducted, and short selling will be carried out through other derivative instruments, ultimately aiming to realize profits in the short term and make a large sum of money from the collapse.</b>Moreover, this is a negative policy decision made by China itself, making it a rare opportunity.</p><p>After yesterday's market close, some media outlets attributed the sharp drop in stocks, bonds, and currencies to the flight of foreign capital.</p><p><img src=\"https://static.tigerbbs.com/da54687cbfb1c5c9159cd6914c02e869\" tg-width=\"829\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae782165293c8450b64ce4517fb305fc\" tg-width=\"556\" tg-height=\"799\" referrerpolicy=\"no-referrer\"></p><p>Some may question whether foreign investment in and out of Hong Kong stocks is relatively free and they can do so without restraint. However, the net outflow of Hong Kong stocks through the Stock Connect in the past few days is only 20 billion yuan, which is just a few drops of water compared to the tens of trillions of yuan in A-shares. How big a wave can this cause?</p><p>Don't forget that many domestic institutions and retail investors have already regarded foreign capital as the benchmark for their operations, and following in the footsteps of foreign capital has become a belief for many. Foreign capital operations are only in the tens of billions of yuan, but the resulting follow-up can be in the tens or even hundreds of billions of yuan.</p><p>In addition, foreign investment in A-shares is not limited to the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. There are also QFIIs. Currently, foreign investors hold 3.36 trillion yuan in A-shares, of which only 1.45 trillion yuan of northbound capital came in through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, while the remaining nearly 2 trillion yuan came in through QFIIs and other channels. If these funds were to simultaneously participate in the sell-off, the scale would be far greater than just 20 billion yuan; the damage would be even greater. More importantly, QFII operation data will not be released until the end of the quarter. In other words, even if they sell off, investors will find it difficult to obtain information immediately. Foolishly following the trend will only make them \"accomplices\" of foreign capital.</p><p>Furthermore, QFIIs are funds located in mainland China, and their supervision is relatively strong. Their entry and exit are not as free as in Hong Kong, but this does not seem to hinder foreign investment, such as the sudden surge in trading volume in Bitcoin. Last year's surge in Bitcoin can be attributed to exceptionally loose liquidity, but this condition clearly does not exist now. Combined with the sharp decline in Hong Kong and A-shares in the past two days, do you really believe that the surge in Bitcoin has nothing to do with this?</p><p><img src=\"https://static.tigerbbs.com/b93a06d0195b702bbe9535ef8e7d974d\" tg-width=\"1080\" tg-height=\"2400\" referrerpolicy=\"no-referrer\"></p><p><b>3、</b><b><b>We can't deal with foreign investment?</b></b></p><p>However, how foreign capital stirs up trouble is a matter for foreign capital, but that doesn't mean we can't deal with it. The country is well aware of this.</p><p>In April of this year, in just one week, more than 40 billion yuan of foreign capital flowed into A-shares. The flow rate was very fast. Although the amount may not be large, it has considerable influence on the A-share market and can even affect the direction of \"public opinion\" in the market.</p><p>At the time, Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), made some harsh</p><p><b>First, the China Securities Regulatory Commission (CSRC) \"has a clear understanding of foreign investment in A-shares.\"</b></p><p><b>Second, if a foreign account causes significant fluctuations in the stock market, we can suspend its trading.</b></p><p>To put it bluntly, regulators do not welcome foreign capital that stirs up trouble or harbors ill intentions in the A-share market and have issued a stern warning. In layman's terms, it means stating the unpleasantness upfront, and if you don't listen, your trading will be suspended!</p><p>If these regulatory measures are somewhat simplistic and crude, and are criticized for excessive market intervention and affecting the confidence of overseas investors, then using the \"national team\" to fight against malicious foreign capital in the market is a self-protective act of respecting the rules. Especially after the thrilling \"market rescue battle\" in 2015, the country has gained rich experience in this regard.</p><p>Today, foreign capital saw a net inflow of 8 billion yuan again, and Moutai also surged 3.27%, indicating that foreign capital is actually \"pragmatic\" and that going against the Chinese government is not beneficial.</p><p><b>4、</b><b><b>What is the outlook for the market?</b></b></p><p>Having discussed foreign investment, let's return to the market outlook, which is of great concern to everyone.</p><p>Today's market saw the most significant rebounds in new energy, consumer (liquor), and internet sectors, and even some banking and real estate sectors, which is inevitably a bit confusing.</p><p><b>I can understand new energy, after all, it represents the global industrial revolution and a \"bright future\". But liquor, internet, real estate and banking, which were just hit hard yesterday and were supposed to represent the \"decadent past\", how come they have collectively rebounded today?</b></p><p>It cannot be ruled out that the \"national team\" will intervene to stabilize the market, but returning to the capital market also has its own logic. In the long run, it will definitely be consistent with the direction of the country and the world. However, short-term fluctuations and divergences are actually quite normal, because if stock prices fall too much, there will always be people who will buy at the bottom.</p><p>At a deeper level, some companies that are not in the national industrial direction may eventually disappear or become part of daily life. For example, it is true that the Internet has shed its halo of high growth, and it is also true that it has killed valuations and logic as a result. However, from the country to the people, everyone cannot do without it, just as they cannot do without \"water, electricity and gas\". Therefore, the value of the Internet as infrastructure still exists. At the very least, valuing it with public utility stocks will not make a big mistake.</p><p>For stock market investors, after worrying about the future of their country, the next step is to worry about when to buy at the bottom.</p><p>Now, it's hard to say that the stock prices of these representatives of the \"corrupt past\" have fallen to reasonable levels, because no one knows what anti-monopoly actions the government will take or what policies will be introduced to reduce births. The valuations of these stocks are not very attractive. Moutai's dynamic PE ratio is 46 times, which has been high for most of the past decade.</p><p><img src=\"https://static.tigerbbs.com/34629cb8aa8e8dd007b3f7e10059f328\" tg-width=\"995\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p>Tencent's stock price has only returned to where it was in May last year, with a dynamic PE ratio of 20. Whether it is high or low will only be known after the interim results are released. However, judging from the information disclosed, the performance is not expected to be very optimistic.</p><p>There's also a major Federal Reserve interest rate meeting tonight.</p><p>If you want to buy at the bottom, wait a little longer.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数","HSI":"恒生指数","HSTECH":"恒生科技指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187015717","content_text":"外资不怀好意\n\n经历了两天的暴跌，今天的市场貌似松了一口气。\nA股三大指数有了一定的企稳迹象，上证和深成指只是分别微跌0.58%、0.05%，创业板指数则在宁德时代的带领下翻红，收涨1.61%。\n港股也迎来反弹，恒指收涨1.35%，恒生科技指数收涨2.75%。\n板块和个股上，新能源又涨了，消费、医药、互联网公司也有了一定的反弹。一阵惊慌之后，日子又似乎回到之前，接着奏乐接着舞。\n但是，台面上的平静，并不能掩饰台底下的暗流涌动。\n1、港A股集体沦陷\n此轮大跌，政策是诱因，特别是针对校外教育的政策，几乎把行业团灭。没办法，在国家鼓励生育的大战略底下，但凡和这个政策背道而驰的，被“拉人封铺”那是必然的，港股、美股上的教育股，即使退市都不要觉得有啥奇怪。\n但奇怪的是，这次不单单是教育股，而是整个市场都被带崩了。从上周五开始，过去的三个交易日，恒生指数跌幅近10%；过去两天的单日跌幅都超过1000点。从K线图上看，堪称“跳水”行情。\n\n这种坠落的“景观”，在2019、2020年都出现过，但对应当时的宏观环境，第一次是因为中美贸易谈判协初稿被推翻，第二次是特朗普对余下的3000亿美元中国进口货物加征关税，美对中贸易战扩大，2020年那次则是新冠肺炎爆发，全球股市大崩盘所致。\n这一次，既没有贸易战，也没有重大灾难，宏观经济虽然有压力，但总体上还算稳得住。政策上是接连利空，一定程度上解释为“树上有10只鸟，开枪毙了一只，其他的全吓跑了”，但如此恐慌性地抛售，在没有极端的天灾人祸面前，能仅仅归咎于资金恐慌吗？\n也有人将其归咎为恒生科技指数的坠落。过去三个交易日跌幅高达16.6%，昨日盘中一度跌幅超过10%，直接跌破成立时的点位。\n\n诚然，恒生科技指数是互联网巨头扎堆的地方，这些巨头同时也是恒生指数的权重股。今年国家对于互联网的反垄断一浪高过一浪，巨头们股价的跌幅普遍已经高达40%以上，尤其是过去三个交易日，股王腾讯跌幅近19%，恒生科技指数甚至恒生指数都难逃厄运。\n但反垄断这个事不是第一次发生，市场已经消化了大半年，为何要等到此时才集中出逃？\n再看看A股，情况也很类似，过去三个交易日大跌5%，这种短时间的急跌，只有2018年打贸易战，2020年新冠肺炎，以及今年2月的大回调，能够相提并论。\n\nA股的标杆-贵州茅台，股价从上周三的高位2006元，4个交易日被干到1712元，跌幅13%，这种急跌只有2018年10月底业绩不及预期，以及今年2月份大回调时才发生过，即使在去年新冠疫情爆发时都没有出现过。\n茅台的基本面变了吗？没有。\n茅台经营出现重大影响了吗？也没有。\n从国家的战略出发，高利润的行业要更多地为生育、为国家的科技创新、为实现社会主义总目标服务，这个没有疑问，也解释了茅台大跌的原因，但总是归咎于宏观因素，似乎也很难说过去，那我们不妨回到股价最直接的影响因素--市场交易。\n自开放港股通以来，贵州茅台已经成为外资投资A股的最爱，当然也成为观察外资动向的最佳标的，茅台股价的每一次异常，都能够从外资的流进流出中捕捉到信息。例如“218”大回调前后5个交易日，外资净卖出茅台128万股，净卖出金额224亿；又如5月25日，茅台单日大涨6%，外资净买入142万股，净买入金额45亿。\n我们发现，外资这几天的净卖出贵州茅台非常大，共抛售81万股，净流出金额103亿，这又是什么信号？\n2、股债汇下跌，外资在砸盘？\n另一面，昨天A股尾盘，有过一波股汇债的异常波动。下午3点左右，人民币对美元的汇率一波集中贬值，幅度达到了0.5%，这在汇率市场来说，幅度已经很大。\n\n富时中国A50指数不仅在尾盘急搓，A股收盘时跌2.8%，收盘后还出现一波跳水，半个小时内再跌3%，等于当天的最大跌幅达到5.8%。\n\n债券市场方面，15点开始出现一波集中的下跌。中国10年期国债，在15点开始出现一波收益率拉升，这意味着债券价格出现急跌。\n\n这几天的美股市场，三大股指是节节攀升，只有中概股，一轮惨过一轮，教育股、互联网就不说了，但连代表了产业方向的新能源都跌得不像样。\n\n港股、A股急跌，股债汇一起来踩上两脚，中概股被集体抛弃，港股通连续数天都是净流出状态，尽管没有再具体的数据支持，但如果把这些迹象串起来，大概率就是外资在砸盘，甚至是恶意做空。\n\n我们无意用“阴谋论”，把此次暴跌的责任都推给外资，但历史也不断告诉我们，外资特别是美资在这方面的行为，确实很难让人相信他只是简单的套利，97年东南亚、香港金融危机，2018年新兴国家的经济危机，美国资本都得负上重要责任。\n时下，中美博弈越演越烈的大环境下，动用自己最擅长的金融手段干扰对手，并从中达到政治和经济的双重目的，美国人在这方面堪称专家中的专家。至于手法，也很简单，先大肆流入，拉升资产价格，然后再疯狂砸盘，并透过其他的衍生工具做空，最终达到短期内利润变现，并从崩盘中再捞一大笔的目的。何况，这次是中国自己出的政策利空，机会难得。\n昨日收盘后，便有媒体将股债汇大跌归咎于外资的跑路。\n\n或许有人质疑，港股外资进出比较自由，他们可以肆无忌惮，但港股通这几天的净流出，也就是两百亿的规模，相比A股数十万亿的体量，只是几滴水花，这能激起多大的浪花？\n不要忘记，有不少国内的机构和散户，已经将外资信奉为操作标杆，跟随外资的步伐也成为不少人的信仰，外资的操作只是百亿规模，但是由此引发的跟风，可以是百亿甚至千亿规模。\n另外，外资投资A股的渠道，并不单单只是沪深港通一个渠道，还有QFII，当前外资持有A股3.36万亿元，其中通过沪深港通渠道进来的北向资金是只有1.45万亿元，其他近2万亿元，是通过QFII等其他渠道进来的。如果这些资金同时参与砸盘，那就不是仅仅两百亿的规模了，造成的损伤，会更大。更重要的是，QFII操作数据要等到季度末才公布，换句话说，即使它们砸盘，投资者也很难即时获得信息，傻乎乎地跟风，只会成为外资的“帮凶”。\n再说，QFII属于在境内的资金，对它的监管也比较强，进出没有香港那么自由，但这点似乎也难不倒外资，比如比特币的突然放量大涨。去年比特币的大涨可以归结于流动性异常宽松，但现在明显不存在这个条件，再结合这两天港股A股的大跌，你真的相信比特币的大涨和这没关系？\n\n3、我们对付不了外资？\n不过，外资如何兴风作浪，那是外资的事，不代表我们对付不了它，国家在这方面是看得清楚的。\n今年4月，短短一周时间，外资大幅流入A股超过400亿，流速非常快，看似量不大，但对于A股话语权可不小，甚至可以影响市场场内“舆论”走向。\n当时，证监会副主席方星海就放出过狠话：\n第一，对于外资进入A股投资，证监会“是看得清楚的”。\n第二，外资账户如果造成股市大幅波动，我们可以暂停它交易。\n说白了，监管层对于进来A股兴风作浪、不怀好意的外资是不欢迎的，并给予了严厉警告。通俗地讲，就是先把丑话说到前头，不听话就停你交易！\n如果说这些监管手段多少有点简单粗暴，会被人诟病为对市场干预过多，影响海外投资者的信心，那动用“国家队”在市场中和不怀好意的外资进行厮杀，就是尊重规则的自我保护行为。尤其是经历了2015年那场惊心动魄的“救市战”，国家在这方面已经经验丰富。\n今天，外资又重新变为净流入80亿，茅台也大涨3.27%，说明外资其实还是“识时务”的，跟中国政府对着干，没好处。\n4、后市如何看？\n说完外资，还是回归到大家比较关心的后市。\n今天的盘面上，反弹比较明显的是新能源、消费（白酒）、互联网，甚至不乏个别银行地产，这就难免有点困惑？\n新能源我可以理解，毕竟代表的是全球的产业革命，是“光明的未来”，但白酒互联网地产银行这些，昨天刚刚被重锤，说好了是代表“腐朽的过去”，怎么今天又集体反弹了啊？\n不排除“国家队”出手稳定市场，但回归到资本市场，它也有自己的逻辑，长线上看，肯定是跟国家，跟全球的前进方向一致，但是短期的波动和背离，其实也很正常，因为股价跌得太多，总有人会去抄底。\n往深层说，一些不是国家产业方向的公司，最终可能会消亡，也可能成为日常生活的一部分，例如互联网，褪去高增长的光环是事实，因此而造成杀估值、杀逻辑也是事实，但上至国家，下至百姓，都离不开它，就像离不开“水电煤”一样，所以互联网作为基础设施的价值还是在的，再不济，用公共事业股给它们估值，也不会犯大错误。\n对于股民，关心完家国前程，轮到关心何时抄底了？\n现在，很难说这些代表“腐朽过去”的股价已经跌到合理价位，因为后续国家还有什么反垄断动作，还有什么减少生育的政策出台，没有人知道。而这些股票的估值，也没有很吸引人，茅台的动态PE还有46倍，在过去十年绝大部分时间内，都是高位。\n\n腾讯股价也只是回到去年5月份的位置，动态PE20倍，高还是低，需要等到中报业绩公布后才能见分晓，不过从披露出来的信息看，估计业绩也不会很乐观。\n今晚还有重磅的美联储议息会议。\n想抄底，再等等吧。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"HSTECH":0.9,"000001.SH":0.9,"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":5966,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801372294,"gmtCreate":1627485329018,"gmtModify":1703490972685,"author":{"id":"3585253530091052","authorId":"3585253530091052","name":"金钱爱我我爱金钱","avatar":"https://static.tigerbbs.com/df97d16e5df9b53484375824fa3acbfb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585253530091052","idStr":"3585253530091052"},"themes":[],"title":"","htmlText":"321","listText":"321","text":"321","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801372294","repostId":"1187015717","repostType":4,"repost":{"id":"1187015717","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1627476468,"share":"https://ttm.financial/m/news/1187015717?lang=en_US&edition=fundamental","pubTime":"2021-07-28 20:47","market":"sh","language":"zh","title":"Buying at the bottom? Let's wait a bit longer.","url":"https://stock-news.laohu8.com/highlight/detail?id=1187015717","media":"格隆汇投资学苑","summary":"外资不怀好意\n\n经历了两天的暴跌，今天的市场貌似松了一口气。\nA股三大指数有了一定的企稳迹象，上证和深成指只是分别微跌0.58%、0.05%，创业板指数则在宁德时代的带领下翻红，收涨1.61%。\n港股","content":"<p>Foreign capital maliciously experienced two days of sharp declines, and the market seems to have breathed a sigh of relief today.</p><p>The three major A-share indices have shown some signs of stabilization, with the Shanghai Composite Index and the Shenzhen Component Index only falling slightly by 0.58% and 0.05% respectively, while the ChiNext Index...<a href=\"https://laohu8.com/S/300750\">CATL</a>Led by the stock, it turned positive, closing up 1.61%.</p><p>Hong Kong stocks also rebounded, with the Hang Seng Index closing up 1.35% and the Hang Seng Tech Index closing up 2.75%.</p><p>In terms of sectors and individual stocks, new energy companies rose again, while consumer, pharmaceutical, and internet companies also rebounded to some extent. After a moment of panic, the days seemed to return to before, with music and dancing continuing.</p><p><b>However, the calm on the stage could not conceal the undercurrents surging beneath the stage.</b></p><p><b>1、</b><b><b>Hong Kong A-shares collectively fell</b></b></p><p>This round of sharp decline was caused by policies, especially those targeting after-school education, which almost wiped out the industry. There's nothing we can do about it. Under the national strategy of encouraging childbirth, anything that goes against this policy will inevitably be \"attracted to shut down.\" Even if education stocks on the Hong Kong and US stock exchanges are delisted, we shouldn't find it strange.</p><p>Strangely, this time it wasn't just education stocks that were dragged down, but the entire market. Since last Friday, the Hang Seng Index has fallen by nearly 10% in the past three trading days; The daily decline over the past two days has exceeded 1,000 points. Looking at the candlestick chart, it can be described as a \"plunge\" market.</p><p><img src=\"https://static.tigerbbs.com/aea44e8f9c2a90108b703d571a831add\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>This kind of \"landscape\" of decline occurred in 2019 and 2020, but corresponding to the macroeconomic environment at that time, the first time was due to the overturning of the initial draft of the US-China trade negotiation agreement, the second time was due to Trump's imposition of tariffs on the remaining $300 billion worth of Chinese imports, which escalated the US-China trade war, and the second time in 2020 was due to the outbreak of COVID-19 and the global stock market crash.</p><p>This time, there was neither a trade war nor a major disaster. Although the macroeconomy was under pressure, it was generally stable. In terms of policy, the series of negative factors can be explained to some extent as \"there were 10 birds in the tree, one was shot and killed, and the others were all scared away.\"<b>But in the absence of extreme natural or man-made disasters, can such a panicked sell-off be solely attributed to a financial panic?</b></p><p>Some people blame it on the fall of the Hang Seng Tech Index. The stock has fallen by as much as 16.6% over the past three trading days, and yesterday's intraday drop exceeded 10%, directly falling below the initial level.</p><p><img src=\"https://static.tigerbbs.com/4aec5d86c06cb9f7d868fa93265db1a1\" tg-width=\"991\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>Admittedly, the Hang Seng Tech Index is home to internet giants, who are also weighted stocks in the Hang Seng Index. This year, the government's anti-monopoly crackdown on the internet has intensified, with the stock prices of industry giants generally falling by more than 40%, especially in the past three trading days.<a href=\"https://laohu8.com/S/00700\">Tencent</a>With a drop of nearly 19%, the Hang Seng Tech Index and even the Hang Seng Index could not escape the fate.</p><p>But this isn't the first time an anti-monopoly incident has occurred. The market has been digesting it for more than half a year, so why wait until now for a concentrated exodus?</p><p>Looking at the A-share market, the situation is very similar. It plummeted by 5% in the past three trading days. Only the trade war in 2018, the COVID-19 pandemic in 2020, and the major correction in February of this year can compare to this kind of short-term sharp drop.</p><p><img src=\"https://static.tigerbbs.com/476d2dfe6bfbb0e1348082bb3e68a869\" tg-width=\"991\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p>A-share benchmark -<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>The stock price fell from a high of 2,006 yuan last Wednesday to 1,712 yuan in four trading days, a drop of 13%. Such a sharp drop only occurred at the end of October 2018 when the performance fell short of expectations and during the major correction in February this year. It did not occur even during the outbreak of the COVID-19 pandemic last year.</p><p>Have Moutai's fundamentals changed? No. No.</p><p>Has Moutai's operations been significantly impacted? Neither.</p><p>From a national strategic perspective, high-profit industries should undoubtedly serve more for childbirth, technological innovation, and the realization of the overall goal of socialism. This also explains the reason for Moutai's sharp drop. However, attributing it to macroeconomic factors always seems difficult to say in the past. So let's return to the most direct factor influencing stock prices—<b>Market Trading</b>。</p><p>Since the opening of the Stock Connect program, Kweichow Moutai has become a favorite for foreign investors in A-shares, and of course, it has also become the best target for observing foreign investment trends. Every abnormality in Moutai's stock price can be gleaned from the inflow and outflow of foreign capital. For example, in the five trading days before and after the \"218\" major correction, foreign capital net sold 1.28 million shares of Moutai, with a net selling amount of 22.4 billion yuan; For example, on May 25, Moutai surged 6% in a single day, with foreign capital net buying 1.42 million shares, amounting to 4.5 billion yuan.</p><p>We have noticed a significant net sell-off of Kweichow Moutai by foreign capital in the past few days, with a total of 810,000 shares sold, resulting in a net outflow of 10.3 billion yuan. What signal does this signal?</p><p><b>2、</b><b><b>As stocks, bonds, and currencies fall, are foreign capital selling off their shares?</b></b></p><p>On the other hand, there was a wave of abnormal fluctuations in stocks, currencies, and bonds at the close of trading yesterday in A-shares. Around 3 p.m., the RMB exchange rate against the US dollar experienced a concentrated depreciation, reaching 0.5%, which is already quite significant in the exchange rate market.</p><p><img src=\"https://static.tigerbbs.com/8d4595c9fbbb94c8f63e69ffa0d80de4\" tg-width=\"994\" tg-height=\"655\" referrerpolicy=\"no-referrer\"></p><p>The FTSE China A50 Index not only fell sharply at the close of trading, with A-shares falling 2.8% at the close, but also experienced a sharp drop after the close, falling another 3% within half an hour, equivalent to the largest drop of 5.8% that day.</p><p><img src=\"https://static.tigerbbs.com/3bb9fa0ef44baba21c43dfc676d62f06\" tg-width=\"714\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p><p>In the bond market, a concentrated decline began at 3 p.m. China's 10-year Treasury Bond saw a surge in yields starting at 3 p.m., signifying a sharp drop in bond prices.</p><p><img src=\"https://static.tigerbbs.com/9a5d6b0298e45ef4de5481d621262293\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>In the past few days, the three major US stock indices have been climbing steadily, but only Chinese concept stocks have suffered one setback after another. Not to mention education and internet stocks, even the new energy sector, which represents the industry direction, has fallen significantly.</p><p><img src=\"https://static.tigerbbs.com/d35ae05da66d8b6916823e4acd12a612\" tg-width=\"711\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Hong Kong stocks and A-shares plummeted, with stocks, bonds, and currencies all taking a hit. Chinese concept stocks were collectively abandoned, and the Hong Kong Stock Connect has seen net outflows for several consecutive days. Although there is no concrete data to support this, if these signs are strung together, it is highly likely that foreign capital is dumping shares or even maliciously shorting.</p><p><img src=\"https://static.tigerbbs.com/805add633a6620a2fabee1c966d2ed74\" tg-width=\"997\" tg-height=\"717\" referrerpolicy=\"no-referrer\"></p><p>We have no intention of using \"conspiracy theories\" to blame foreign capital for this sharp drop, but history has constantly told us that the behavior of foreign capital, especially American capital, in this regard is indeed difficult to believe. American capital bears significant responsibility for the 1997 Southeast Asian and Hong Kong financial crises and the 2018 economic crises in emerging countries.</p><p>In the current environment of increasingly fierce competition between China and the United States, the Americans can be considered experts among experts in this regard by using their best financial means to interfere with their adversaries and achieve both political and economic goals. As for the technique, it is also very simple.<b>First, massive inflows will drive up asset prices, then a frenzied sell-off will be conducted, and short selling will be carried out through other derivative instruments, ultimately aiming to realize profits in the short term and make a large sum of money from the collapse.</b>Moreover, this is a negative policy decision made by China itself, making it a rare opportunity.</p><p>After yesterday's market close, some media outlets attributed the sharp drop in stocks, bonds, and currencies to the flight of foreign capital.</p><p><img src=\"https://static.tigerbbs.com/da54687cbfb1c5c9159cd6914c02e869\" tg-width=\"829\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae782165293c8450b64ce4517fb305fc\" tg-width=\"556\" tg-height=\"799\" referrerpolicy=\"no-referrer\"></p><p>Some may question whether foreign investment in and out of Hong Kong stocks is relatively free and they can do so without restraint. However, the net outflow of Hong Kong stocks through the Stock Connect in the past few days is only 20 billion yuan, which is just a few drops of water compared to the tens of trillions of yuan in A-shares. How big a wave can this cause?</p><p>Don't forget that many domestic institutions and retail investors have already regarded foreign capital as the benchmark for their operations, and following in the footsteps of foreign capital has become a belief for many. Foreign capital operations are only in the tens of billions of yuan, but the resulting follow-up can be in the tens or even hundreds of billions of yuan.</p><p>In addition, foreign investment in A-shares is not limited to the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. There are also QFIIs. Currently, foreign investors hold 3.36 trillion yuan in A-shares, of which only 1.45 trillion yuan of northbound capital came in through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, while the remaining nearly 2 trillion yuan came in through QFIIs and other channels. If these funds were to simultaneously participate in the sell-off, the scale would be far greater than just 20 billion yuan; the damage would be even greater. More importantly, QFII operation data will not be released until the end of the quarter. In other words, even if they sell off, investors will find it difficult to obtain information immediately. Foolishly following the trend will only make them \"accomplices\" of foreign capital.</p><p>Furthermore, QFIIs are funds located in mainland China, and their supervision is relatively strong. Their entry and exit are not as free as in Hong Kong, but this does not seem to hinder foreign investment, such as the sudden surge in trading volume in Bitcoin. Last year's surge in Bitcoin can be attributed to exceptionally loose liquidity, but this condition clearly does not exist now. Combined with the sharp decline in Hong Kong and A-shares in the past two days, do you really believe that the surge in Bitcoin has nothing to do with this?</p><p><img src=\"https://static.tigerbbs.com/b93a06d0195b702bbe9535ef8e7d974d\" tg-width=\"1080\" tg-height=\"2400\" referrerpolicy=\"no-referrer\"></p><p><b>3、</b><b><b>We can't deal with foreign investment?</b></b></p><p>However, how foreign capital stirs up trouble is a matter for foreign capital, but that doesn't mean we can't deal with it. The country is well aware of this.</p><p>In April of this year, in just one week, more than 40 billion yuan of foreign capital flowed into A-shares. The flow rate was very fast. Although the amount may not be large, it has considerable influence on the A-share market and can even affect the direction of \"public opinion\" in the market.</p><p>At the time, Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), made some harsh</p><p><b>First, the China Securities Regulatory Commission (CSRC) \"has a clear understanding of foreign investment in A-shares.\"</b></p><p><b>Second, if a foreign account causes significant fluctuations in the stock market, we can suspend its trading.</b></p><p>To put it bluntly, regulators do not welcome foreign capital that stirs up trouble or harbors ill intentions in the A-share market and have issued a stern warning. In layman's terms, it means stating the unpleasantness upfront, and if you don't listen, your trading will be suspended!</p><p>If these regulatory measures are somewhat simplistic and crude, and are criticized for excessive market intervention and affecting the confidence of overseas investors, then using the \"national team\" to fight against malicious foreign capital in the market is a self-protective act of respecting the rules. Especially after the thrilling \"market rescue battle\" in 2015, the country has gained rich experience in this regard.</p><p>Today, foreign capital saw a net inflow of 8 billion yuan again, and Moutai also surged 3.27%, indicating that foreign capital is actually \"pragmatic\" and that going against the Chinese government is not beneficial.</p><p><b>4、</b><b><b>What is the outlook for the market?</b></b></p><p>Having discussed foreign investment, let's return to the market outlook, which is of great concern to everyone.</p><p>Today's market saw the most significant rebounds in new energy, consumer (liquor), and internet sectors, and even some banking and real estate sectors, which is inevitably a bit confusing.</p><p><b>I can understand new energy, after all, it represents the global industrial revolution and a \"bright future\". But liquor, internet, real estate and banking, which were just hit hard yesterday and were supposed to represent the \"decadent past\", how come they have collectively rebounded today?</b></p><p>It cannot be ruled out that the \"national team\" will intervene to stabilize the market, but returning to the capital market also has its own logic. In the long run, it will definitely be consistent with the direction of the country and the world. However, short-term fluctuations and divergences are actually quite normal, because if stock prices fall too much, there will always be people who will buy at the bottom.</p><p>At a deeper level, some companies that are not in the national industrial direction may eventually disappear or become part of daily life. For example, it is true that the Internet has shed its halo of high growth, and it is also true that it has killed valuations and logic as a result. However, from the country to the people, everyone cannot do without it, just as they cannot do without \"water, electricity and gas\". Therefore, the value of the Internet as infrastructure still exists. At the very least, valuing it with public utility stocks will not make a big mistake.</p><p>For stock market investors, after worrying about the future of their country, the next step is to worry about when to buy at the bottom.</p><p>Now, it's hard to say that the stock prices of these representatives of the \"corrupt past\" have fallen to reasonable levels, because no one knows what anti-monopoly actions the government will take or what policies will be introduced to reduce births. The valuations of these stocks are not very attractive. Moutai's dynamic PE ratio is 46 times, which has been high for most of the past decade.</p><p><img src=\"https://static.tigerbbs.com/34629cb8aa8e8dd007b3f7e10059f328\" tg-width=\"995\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p>Tencent's stock price has only returned to where it was in May last year, with a dynamic PE ratio of 20. Whether it is high or low will only be known after the interim results are released. However, judging from the information disclosed, the performance is not expected to be very optimistic.</p><p>There's also a major Federal Reserve interest rate meeting tonight.</p><p>If you want to buy at the bottom, wait a little longer.</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>Buying at the bottom? Let's wait a bit longer.</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\">\nBuying at the bottom? Let's wait a bit longer.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇投资学苑 </p>\n<p class=\"h-time smaller\">2021-07-28 20:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Foreign capital maliciously experienced two days of sharp declines, and the market seems to have breathed a sigh of relief today.</p><p>The three major A-share indices have shown some signs of stabilization, with the Shanghai Composite Index and the Shenzhen Component Index only falling slightly by 0.58% and 0.05% respectively, while the ChiNext Index...<a href=\"https://laohu8.com/S/300750\">CATL</a>Led by the stock, it turned positive, closing up 1.61%.</p><p>Hong Kong stocks also rebounded, with the Hang Seng Index closing up 1.35% and the Hang Seng Tech Index closing up 2.75%.</p><p>In terms of sectors and individual stocks, new energy companies rose again, while consumer, pharmaceutical, and internet companies also rebounded to some extent. After a moment of panic, the days seemed to return to before, with music and dancing continuing.</p><p><b>However, the calm on the stage could not conceal the undercurrents surging beneath the stage.</b></p><p><b>1、</b><b><b>Hong Kong A-shares collectively fell</b></b></p><p>This round of sharp decline was caused by policies, especially those targeting after-school education, which almost wiped out the industry. There's nothing we can do about it. Under the national strategy of encouraging childbirth, anything that goes against this policy will inevitably be \"attracted to shut down.\" Even if education stocks on the Hong Kong and US stock exchanges are delisted, we shouldn't find it strange.</p><p>Strangely, this time it wasn't just education stocks that were dragged down, but the entire market. Since last Friday, the Hang Seng Index has fallen by nearly 10% in the past three trading days; The daily decline over the past two days has exceeded 1,000 points. Looking at the candlestick chart, it can be described as a \"plunge\" market.</p><p><img src=\"https://static.tigerbbs.com/aea44e8f9c2a90108b703d571a831add\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>This kind of \"landscape\" of decline occurred in 2019 and 2020, but corresponding to the macroeconomic environment at that time, the first time was due to the overturning of the initial draft of the US-China trade negotiation agreement, the second time was due to Trump's imposition of tariffs on the remaining $300 billion worth of Chinese imports, which escalated the US-China trade war, and the second time in 2020 was due to the outbreak of COVID-19 and the global stock market crash.</p><p>This time, there was neither a trade war nor a major disaster. Although the macroeconomy was under pressure, it was generally stable. In terms of policy, the series of negative factors can be explained to some extent as \"there were 10 birds in the tree, one was shot and killed, and the others were all scared away.\"<b>But in the absence of extreme natural or man-made disasters, can such a panicked sell-off be solely attributed to a financial panic?</b></p><p>Some people blame it on the fall of the Hang Seng Tech Index. The stock has fallen by as much as 16.6% over the past three trading days, and yesterday's intraday drop exceeded 10%, directly falling below the initial level.</p><p><img src=\"https://static.tigerbbs.com/4aec5d86c06cb9f7d868fa93265db1a1\" tg-width=\"991\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>Admittedly, the Hang Seng Tech Index is home to internet giants, who are also weighted stocks in the Hang Seng Index. This year, the government's anti-monopoly crackdown on the internet has intensified, with the stock prices of industry giants generally falling by more than 40%, especially in the past three trading days.<a href=\"https://laohu8.com/S/00700\">Tencent</a>With a drop of nearly 19%, the Hang Seng Tech Index and even the Hang Seng Index could not escape the fate.</p><p>But this isn't the first time an anti-monopoly incident has occurred. The market has been digesting it for more than half a year, so why wait until now for a concentrated exodus?</p><p>Looking at the A-share market, the situation is very similar. It plummeted by 5% in the past three trading days. Only the trade war in 2018, the COVID-19 pandemic in 2020, and the major correction in February of this year can compare to this kind of short-term sharp drop.</p><p><img src=\"https://static.tigerbbs.com/476d2dfe6bfbb0e1348082bb3e68a869\" tg-width=\"991\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p>A-share benchmark -<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>The stock price fell from a high of 2,006 yuan last Wednesday to 1,712 yuan in four trading days, a drop of 13%. Such a sharp drop only occurred at the end of October 2018 when the performance fell short of expectations and during the major correction in February this year. It did not occur even during the outbreak of the COVID-19 pandemic last year.</p><p>Have Moutai's fundamentals changed? No. No.</p><p>Has Moutai's operations been significantly impacted? Neither.</p><p>From a national strategic perspective, high-profit industries should undoubtedly serve more for childbirth, technological innovation, and the realization of the overall goal of socialism. This also explains the reason for Moutai's sharp drop. However, attributing it to macroeconomic factors always seems difficult to say in the past. So let's return to the most direct factor influencing stock prices—<b>Market Trading</b>。</p><p>Since the opening of the Stock Connect program, Kweichow Moutai has become a favorite for foreign investors in A-shares, and of course, it has also become the best target for observing foreign investment trends. Every abnormality in Moutai's stock price can be gleaned from the inflow and outflow of foreign capital. For example, in the five trading days before and after the \"218\" major correction, foreign capital net sold 1.28 million shares of Moutai, with a net selling amount of 22.4 billion yuan; For example, on May 25, Moutai surged 6% in a single day, with foreign capital net buying 1.42 million shares, amounting to 4.5 billion yuan.</p><p>We have noticed a significant net sell-off of Kweichow Moutai by foreign capital in the past few days, with a total of 810,000 shares sold, resulting in a net outflow of 10.3 billion yuan. What signal does this signal?</p><p><b>2、</b><b><b>As stocks, bonds, and currencies fall, are foreign capital selling off their shares?</b></b></p><p>On the other hand, there was a wave of abnormal fluctuations in stocks, currencies, and bonds at the close of trading yesterday in A-shares. Around 3 p.m., the RMB exchange rate against the US dollar experienced a concentrated depreciation, reaching 0.5%, which is already quite significant in the exchange rate market.</p><p><img src=\"https://static.tigerbbs.com/8d4595c9fbbb94c8f63e69ffa0d80de4\" tg-width=\"994\" tg-height=\"655\" referrerpolicy=\"no-referrer\"></p><p>The FTSE China A50 Index not only fell sharply at the close of trading, with A-shares falling 2.8% at the close, but also experienced a sharp drop after the close, falling another 3% within half an hour, equivalent to the largest drop of 5.8% that day.</p><p><img src=\"https://static.tigerbbs.com/3bb9fa0ef44baba21c43dfc676d62f06\" tg-width=\"714\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p><p>In the bond market, a concentrated decline began at 3 p.m. China's 10-year Treasury Bond saw a surge in yields starting at 3 p.m., signifying a sharp drop in bond prices.</p><p><img src=\"https://static.tigerbbs.com/9a5d6b0298e45ef4de5481d621262293\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>In the past few days, the three major US stock indices have been climbing steadily, but only Chinese concept stocks have suffered one setback after another. Not to mention education and internet stocks, even the new energy sector, which represents the industry direction, has fallen significantly.</p><p><img src=\"https://static.tigerbbs.com/d35ae05da66d8b6916823e4acd12a612\" tg-width=\"711\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Hong Kong stocks and A-shares plummeted, with stocks, bonds, and currencies all taking a hit. Chinese concept stocks were collectively abandoned, and the Hong Kong Stock Connect has seen net outflows for several consecutive days. Although there is no concrete data to support this, if these signs are strung together, it is highly likely that foreign capital is dumping shares or even maliciously shorting.</p><p><img src=\"https://static.tigerbbs.com/805add633a6620a2fabee1c966d2ed74\" tg-width=\"997\" tg-height=\"717\" referrerpolicy=\"no-referrer\"></p><p>We have no intention of using \"conspiracy theories\" to blame foreign capital for this sharp drop, but history has constantly told us that the behavior of foreign capital, especially American capital, in this regard is indeed difficult to believe. American capital bears significant responsibility for the 1997 Southeast Asian and Hong Kong financial crises and the 2018 economic crises in emerging countries.</p><p>In the current environment of increasingly fierce competition between China and the United States, the Americans can be considered experts among experts in this regard by using their best financial means to interfere with their adversaries and achieve both political and economic goals. As for the technique, it is also very simple.<b>First, massive inflows will drive up asset prices, then a frenzied sell-off will be conducted, and short selling will be carried out through other derivative instruments, ultimately aiming to realize profits in the short term and make a large sum of money from the collapse.</b>Moreover, this is a negative policy decision made by China itself, making it a rare opportunity.</p><p>After yesterday's market close, some media outlets attributed the sharp drop in stocks, bonds, and currencies to the flight of foreign capital.</p><p><img src=\"https://static.tigerbbs.com/da54687cbfb1c5c9159cd6914c02e869\" tg-width=\"829\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae782165293c8450b64ce4517fb305fc\" tg-width=\"556\" tg-height=\"799\" referrerpolicy=\"no-referrer\"></p><p>Some may question whether foreign investment in and out of Hong Kong stocks is relatively free and they can do so without restraint. However, the net outflow of Hong Kong stocks through the Stock Connect in the past few days is only 20 billion yuan, which is just a few drops of water compared to the tens of trillions of yuan in A-shares. How big a wave can this cause?</p><p>Don't forget that many domestic institutions and retail investors have already regarded foreign capital as the benchmark for their operations, and following in the footsteps of foreign capital has become a belief for many. Foreign capital operations are only in the tens of billions of yuan, but the resulting follow-up can be in the tens or even hundreds of billions of yuan.</p><p>In addition, foreign investment in A-shares is not limited to the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. There are also QFIIs. Currently, foreign investors hold 3.36 trillion yuan in A-shares, of which only 1.45 trillion yuan of northbound capital came in through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, while the remaining nearly 2 trillion yuan came in through QFIIs and other channels. If these funds were to simultaneously participate in the sell-off, the scale would be far greater than just 20 billion yuan; the damage would be even greater. More importantly, QFII operation data will not be released until the end of the quarter. In other words, even if they sell off, investors will find it difficult to obtain information immediately. Foolishly following the trend will only make them \"accomplices\" of foreign capital.</p><p>Furthermore, QFIIs are funds located in mainland China, and their supervision is relatively strong. Their entry and exit are not as free as in Hong Kong, but this does not seem to hinder foreign investment, such as the sudden surge in trading volume in Bitcoin. Last year's surge in Bitcoin can be attributed to exceptionally loose liquidity, but this condition clearly does not exist now. Combined with the sharp decline in Hong Kong and A-shares in the past two days, do you really believe that the surge in Bitcoin has nothing to do with this?</p><p><img src=\"https://static.tigerbbs.com/b93a06d0195b702bbe9535ef8e7d974d\" tg-width=\"1080\" tg-height=\"2400\" referrerpolicy=\"no-referrer\"></p><p><b>3、</b><b><b>We can't deal with foreign investment?</b></b></p><p>However, how foreign capital stirs up trouble is a matter for foreign capital, but that doesn't mean we can't deal with it. The country is well aware of this.</p><p>In April of this year, in just one week, more than 40 billion yuan of foreign capital flowed into A-shares. The flow rate was very fast. Although the amount may not be large, it has considerable influence on the A-share market and can even affect the direction of \"public opinion\" in the market.</p><p>At the time, Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), made some harsh</p><p><b>First, the China Securities Regulatory Commission (CSRC) \"has a clear understanding of foreign investment in A-shares.\"</b></p><p><b>Second, if a foreign account causes significant fluctuations in the stock market, we can suspend its trading.</b></p><p>To put it bluntly, regulators do not welcome foreign capital that stirs up trouble or harbors ill intentions in the A-share market and have issued a stern warning. In layman's terms, it means stating the unpleasantness upfront, and if you don't listen, your trading will be suspended!</p><p>If these regulatory measures are somewhat simplistic and crude, and are criticized for excessive market intervention and affecting the confidence of overseas investors, then using the \"national team\" to fight against malicious foreign capital in the market is a self-protective act of respecting the rules. Especially after the thrilling \"market rescue battle\" in 2015, the country has gained rich experience in this regard.</p><p>Today, foreign capital saw a net inflow of 8 billion yuan again, and Moutai also surged 3.27%, indicating that foreign capital is actually \"pragmatic\" and that going against the Chinese government is not beneficial.</p><p><b>4、</b><b><b>What is the outlook for the market?</b></b></p><p>Having discussed foreign investment, let's return to the market outlook, which is of great concern to everyone.</p><p>Today's market saw the most significant rebounds in new energy, consumer (liquor), and internet sectors, and even some banking and real estate sectors, which is inevitably a bit confusing.</p><p><b>I can understand new energy, after all, it represents the global industrial revolution and a \"bright future\". But liquor, internet, real estate and banking, which were just hit hard yesterday and were supposed to represent the \"decadent past\", how come they have collectively rebounded today?</b></p><p>It cannot be ruled out that the \"national team\" will intervene to stabilize the market, but returning to the capital market also has its own logic. In the long run, it will definitely be consistent with the direction of the country and the world. However, short-term fluctuations and divergences are actually quite normal, because if stock prices fall too much, there will always be people who will buy at the bottom.</p><p>At a deeper level, some companies that are not in the national industrial direction may eventually disappear or become part of daily life. For example, it is true that the Internet has shed its halo of high growth, and it is also true that it has killed valuations and logic as a result. However, from the country to the people, everyone cannot do without it, just as they cannot do without \"water, electricity and gas\". Therefore, the value of the Internet as infrastructure still exists. At the very least, valuing it with public utility stocks will not make a big mistake.</p><p>For stock market investors, after worrying about the future of their country, the next step is to worry about when to buy at the bottom.</p><p>Now, it's hard to say that the stock prices of these representatives of the \"corrupt past\" have fallen to reasonable levels, because no one knows what anti-monopoly actions the government will take or what policies will be introduced to reduce births. The valuations of these stocks are not very attractive. Moutai's dynamic PE ratio is 46 times, which has been high for most of the past decade.</p><p><img src=\"https://static.tigerbbs.com/34629cb8aa8e8dd007b3f7e10059f328\" tg-width=\"995\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p>Tencent's stock price has only returned to where it was in May last year, with a dynamic PE ratio of 20. Whether it is high or low will only be known after the interim results are released. However, judging from the information disclosed, the performance is not expected to be very optimistic.</p><p>There's also a major Federal Reserve interest rate meeting tonight.</p><p>If you want to buy at the bottom, wait a little longer.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数","HSI":"恒生指数","HSTECH":"恒生科技指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187015717","content_text":"外资不怀好意\n\n经历了两天的暴跌，今天的市场貌似松了一口气。\nA股三大指数有了一定的企稳迹象，上证和深成指只是分别微跌0.58%、0.05%，创业板指数则在宁德时代的带领下翻红，收涨1.61%。\n港股也迎来反弹，恒指收涨1.35%，恒生科技指数收涨2.75%。\n板块和个股上，新能源又涨了，消费、医药、互联网公司也有了一定的反弹。一阵惊慌之后，日子又似乎回到之前，接着奏乐接着舞。\n但是，台面上的平静，并不能掩饰台底下的暗流涌动。\n1、港A股集体沦陷\n此轮大跌，政策是诱因，特别是针对校外教育的政策，几乎把行业团灭。没办法，在国家鼓励生育的大战略底下，但凡和这个政策背道而驰的，被“拉人封铺”那是必然的，港股、美股上的教育股，即使退市都不要觉得有啥奇怪。\n但奇怪的是，这次不单单是教育股，而是整个市场都被带崩了。从上周五开始，过去的三个交易日，恒生指数跌幅近10%；过去两天的单日跌幅都超过1000点。从K线图上看，堪称“跳水”行情。\n\n这种坠落的“景观”，在2019、2020年都出现过，但对应当时的宏观环境，第一次是因为中美贸易谈判协初稿被推翻，第二次是特朗普对余下的3000亿美元中国进口货物加征关税，美对中贸易战扩大，2020年那次则是新冠肺炎爆发，全球股市大崩盘所致。\n这一次，既没有贸易战，也没有重大灾难，宏观经济虽然有压力，但总体上还算稳得住。政策上是接连利空，一定程度上解释为“树上有10只鸟，开枪毙了一只，其他的全吓跑了”，但如此恐慌性地抛售，在没有极端的天灾人祸面前，能仅仅归咎于资金恐慌吗？\n也有人将其归咎为恒生科技指数的坠落。过去三个交易日跌幅高达16.6%，昨日盘中一度跌幅超过10%，直接跌破成立时的点位。\n\n诚然，恒生科技指数是互联网巨头扎堆的地方，这些巨头同时也是恒生指数的权重股。今年国家对于互联网的反垄断一浪高过一浪，巨头们股价的跌幅普遍已经高达40%以上，尤其是过去三个交易日，股王腾讯跌幅近19%，恒生科技指数甚至恒生指数都难逃厄运。\n但反垄断这个事不是第一次发生，市场已经消化了大半年，为何要等到此时才集中出逃？\n再看看A股，情况也很类似，过去三个交易日大跌5%，这种短时间的急跌，只有2018年打贸易战，2020年新冠肺炎，以及今年2月的大回调，能够相提并论。\n\nA股的标杆-贵州茅台，股价从上周三的高位2006元，4个交易日被干到1712元，跌幅13%，这种急跌只有2018年10月底业绩不及预期，以及今年2月份大回调时才发生过，即使在去年新冠疫情爆发时都没有出现过。\n茅台的基本面变了吗？没有。\n茅台经营出现重大影响了吗？也没有。\n从国家的战略出发，高利润的行业要更多地为生育、为国家的科技创新、为实现社会主义总目标服务，这个没有疑问，也解释了茅台大跌的原因，但总是归咎于宏观因素，似乎也很难说过去，那我们不妨回到股价最直接的影响因素--市场交易。\n自开放港股通以来，贵州茅台已经成为外资投资A股的最爱，当然也成为观察外资动向的最佳标的，茅台股价的每一次异常，都能够从外资的流进流出中捕捉到信息。例如“218”大回调前后5个交易日，外资净卖出茅台128万股，净卖出金额224亿；又如5月25日，茅台单日大涨6%，外资净买入142万股，净买入金额45亿。\n我们发现，外资这几天的净卖出贵州茅台非常大，共抛售81万股，净流出金额103亿，这又是什么信号？\n2、股债汇下跌，外资在砸盘？\n另一面，昨天A股尾盘，有过一波股汇债的异常波动。下午3点左右，人民币对美元的汇率一波集中贬值，幅度达到了0.5%，这在汇率市场来说，幅度已经很大。\n\n富时中国A50指数不仅在尾盘急搓，A股收盘时跌2.8%，收盘后还出现一波跳水，半个小时内再跌3%，等于当天的最大跌幅达到5.8%。\n\n债券市场方面，15点开始出现一波集中的下跌。中国10年期国债，在15点开始出现一波收益率拉升，这意味着债券价格出现急跌。\n\n这几天的美股市场，三大股指是节节攀升，只有中概股，一轮惨过一轮，教育股、互联网就不说了，但连代表了产业方向的新能源都跌得不像样。\n\n港股、A股急跌，股债汇一起来踩上两脚，中概股被集体抛弃，港股通连续数天都是净流出状态，尽管没有再具体的数据支持，但如果把这些迹象串起来，大概率就是外资在砸盘，甚至是恶意做空。\n\n我们无意用“阴谋论”，把此次暴跌的责任都推给外资，但历史也不断告诉我们，外资特别是美资在这方面的行为，确实很难让人相信他只是简单的套利，97年东南亚、香港金融危机，2018年新兴国家的经济危机，美国资本都得负上重要责任。\n时下，中美博弈越演越烈的大环境下，动用自己最擅长的金融手段干扰对手，并从中达到政治和经济的双重目的，美国人在这方面堪称专家中的专家。至于手法，也很简单，先大肆流入，拉升资产价格，然后再疯狂砸盘，并透过其他的衍生工具做空，最终达到短期内利润变现，并从崩盘中再捞一大笔的目的。何况，这次是中国自己出的政策利空，机会难得。\n昨日收盘后，便有媒体将股债汇大跌归咎于外资的跑路。\n\n或许有人质疑，港股外资进出比较自由，他们可以肆无忌惮，但港股通这几天的净流出，也就是两百亿的规模，相比A股数十万亿的体量，只是几滴水花，这能激起多大的浪花？\n不要忘记，有不少国内的机构和散户，已经将外资信奉为操作标杆，跟随外资的步伐也成为不少人的信仰，外资的操作只是百亿规模，但是由此引发的跟风，可以是百亿甚至千亿规模。\n另外，外资投资A股的渠道，并不单单只是沪深港通一个渠道，还有QFII，当前外资持有A股3.36万亿元，其中通过沪深港通渠道进来的北向资金是只有1.45万亿元，其他近2万亿元，是通过QFII等其他渠道进来的。如果这些资金同时参与砸盘，那就不是仅仅两百亿的规模了，造成的损伤，会更大。更重要的是，QFII操作数据要等到季度末才公布，换句话说，即使它们砸盘，投资者也很难即时获得信息，傻乎乎地跟风，只会成为外资的“帮凶”。\n再说，QFII属于在境内的资金，对它的监管也比较强，进出没有香港那么自由，但这点似乎也难不倒外资，比如比特币的突然放量大涨。去年比特币的大涨可以归结于流动性异常宽松，但现在明显不存在这个条件，再结合这两天港股A股的大跌，你真的相信比特币的大涨和这没关系？\n\n3、我们对付不了外资？\n不过，外资如何兴风作浪，那是外资的事，不代表我们对付不了它，国家在这方面是看得清楚的。\n今年4月，短短一周时间，外资大幅流入A股超过400亿，流速非常快，看似量不大，但对于A股话语权可不小，甚至可以影响市场场内“舆论”走向。\n当时，证监会副主席方星海就放出过狠话：\n第一，对于外资进入A股投资，证监会“是看得清楚的”。\n第二，外资账户如果造成股市大幅波动，我们可以暂停它交易。\n说白了，监管层对于进来A股兴风作浪、不怀好意的外资是不欢迎的，并给予了严厉警告。通俗地讲，就是先把丑话说到前头，不听话就停你交易！\n如果说这些监管手段多少有点简单粗暴，会被人诟病为对市场干预过多，影响海外投资者的信心，那动用“国家队”在市场中和不怀好意的外资进行厮杀，就是尊重规则的自我保护行为。尤其是经历了2015年那场惊心动魄的“救市战”，国家在这方面已经经验丰富。\n今天，外资又重新变为净流入80亿，茅台也大涨3.27%，说明外资其实还是“识时务”的，跟中国政府对着干，没好处。\n4、后市如何看？\n说完外资，还是回归到大家比较关心的后市。\n今天的盘面上，反弹比较明显的是新能源、消费（白酒）、互联网，甚至不乏个别银行地产，这就难免有点困惑？\n新能源我可以理解，毕竟代表的是全球的产业革命，是“光明的未来”，但白酒互联网地产银行这些，昨天刚刚被重锤，说好了是代表“腐朽的过去”，怎么今天又集体反弹了啊？\n不排除“国家队”出手稳定市场，但回归到资本市场，它也有自己的逻辑，长线上看，肯定是跟国家，跟全球的前进方向一致，但是短期的波动和背离，其实也很正常，因为股价跌得太多，总有人会去抄底。\n往深层说，一些不是国家产业方向的公司，最终可能会消亡，也可能成为日常生活的一部分，例如互联网，褪去高增长的光环是事实，因此而造成杀估值、杀逻辑也是事实，但上至国家，下至百姓，都离不开它，就像离不开“水电煤”一样，所以互联网作为基础设施的价值还是在的，再不济，用公共事业股给它们估值，也不会犯大错误。\n对于股民，关心完家国前程，轮到关心何时抄底了？\n现在，很难说这些代表“腐朽过去”的股价已经跌到合理价位，因为后续国家还有什么反垄断动作，还有什么减少生育的政策出台，没有人知道。而这些股票的估值，也没有很吸引人，茅台的动态PE还有46倍，在过去十年绝大部分时间内，都是高位。\n\n腾讯股价也只是回到去年5月份的位置，动态PE20倍，高还是低，需要等到中报业绩公布后才能见分晓，不过从披露出来的信息看，估计业绩也不会很乐观。\n今晚还有重磅的美联储议息会议。\n想抄底，再等等吧。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"HSTECH":0.9,"000001.SH":0.9,"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":5253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800472685,"gmtCreate":1627315471047,"gmtModify":1703487543390,"author":{"id":"3585253530091052","authorId":"3585253530091052","name":"金钱爱我我爱金钱","avatar":"https://static.tigerbbs.com/df97d16e5df9b53484375824fa3acbfb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585253530091052","idStr":"3585253530091052"},"themes":[],"title":"","htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/800472685","repostId":"1151329644","repostType":2,"repost":{"id":"1151329644","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627301787,"share":"https://ttm.financial/m/news/1151329644?lang=en_US&edition=fundamental","pubTime":"2021-07-26 20:16","market":"us","language":"zh","title":"Pre-market: Are alarm bells ringing for the US economy? Waiting for Tesla's after-hours results","url":"https://stock-news.laohu8.com/highlight/detail?id=1151329644","media":"老虎资讯综合","summary":"7月26日，美股三大股指期货均小幅走低，截至发稿，道指期货跌0.23%；标普500指数期货跌0.18%；纳斯达克100指数期货跌0.11%。\n高盛：将对美国三季度GDP增速预期从9.5%下调至8.5%","content":"<p>On July 26, futures for all three major U.S. stock indexes fell slightly. As of press time, Dow Jones Industrial Average futures were down 0.23%. S&P 500 futures fell 0.18%; Nasdaq 100 futures fell 0.11%.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The company lowered its forecast for US GDP growth in the third quarter from 9.5% to 8.5%, and also lowered its forecast for US consumption growth in the second half of the year due to the pandemic, stating that US spending needs to shift from goods to services.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The US economic growth rate is expected to slow to 1.5-2% by the second half of 2022; The US economic growth forecast for the fourth quarter has been lowered to 5%.</p><p><img src=\"https://static.tigerbbs.com/78b206b4c38303011d623a49f1b46057\" tg-width=\"376\" tg-height=\"188\" referrerpolicy=\"no-referrer\"></p><p><b>Pre-market price</b></p><p>US blockchain stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/MARA\">Marathon Patent</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>、<a href=\"https://laohu8.com/S/BTBT\">Digital Bit</a>It rose by over 17%.<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>、<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up 11%<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>Up more than 9%,<a href=\"https://laohu8.com/S/COIN\">Coinbase</a>It rose more than 6%. Allegedly,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It plans to accept Bitcoin payments by the end of this year and explore creating its own cryptocurrency next year.</p><p>Popular Chinese concept stocks maintained their pre-market decline from last week.<a href=\"https://laohu8.com/S/BEKE\">Seashell</a>It fell more than 19%.<a href=\"https://laohu8.com/S/DIDI\">Didi</a>It fell more than 11%.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It fell nearly 10%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It fell more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It fell more than 4%.<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell by more than 3%.</p><p>With the implementation of the double reduction policy, Chinese concept stocks in the education sector continued their sharp decline from last Friday, and continued to fall sharply in pre-market trading today.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>、<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Both fell by more than 20%.<a href=\"https://laohu8.com/S/DAO\">Youdao</a>It fell by more than 13%.</p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>The stock price fell by more than 11% last weekend after the State Administration for Market Regulation, in accordance with the law, took action.<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>The limited liability company imposed penalties such as ordering the termination of the exclusive copyright of online music.</p><p><a href=\"https://laohu8.com/S/RLX\">RLX Technology</a>It fell nearly 10% in pre-market trading to $4.23, and is poised to open at a new low.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose slightly in pre-market trading and will release its earnings report after the market closes on Monday.<a href=\"https://laohu8.com/TW/178972641\" target=\"_blank\">Financial Report Preview: Better than expected!<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Expected revenue of $11.3 billion</a>》</p><p><b>Pre-market earnings report</b></p><p><a href=\"https://laohu8.com/NW/1140647234\" target=\"_blank\"><b>Lockheed Martin reported Q2 revenue of $17.029 billion and net income of $1.815 billion.</b></a></p><p>The financial report shows that second-quarter revenue was $17.029 billion, compared to market expectations of $16.937 billion and $16.22 billion in the same period last year; Second-quarter net income was $1.815 billion, compared to market expectations of $1.824 billion and $1.626 billion in the same period last year; Second-quarter earnings per share were $6.52, compared to market expectations of $6.54 and $5.79 in the same period last year.</p><p><a href=\"https://laohu8.com/NW/1191089457\" target=\"_blank\"><b>Hasbro's Q2 net revenue increased by 54% year-on-year, with video game revenue doubling.</b></a></p><p>Hasbro announced its second-quarter financial results. Data shows that,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>Q2 net revenue was $1.3222 billion, compared to $860.3 million in the same period last year, representing a year-over-year increase of 54%. Following the release of its earnings report, Hasbro's pre-market share price rose by more than 4%.</p><p><b>European Market</b></p><p>Most major European stock indices declined, with Germany's DAX 30 down 0.29% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It fell 0.1%, and the French CAC40 fell 0.03%.</p><p><img src=\"https://static.tigerbbs.com/36acc9f43968f4d7f2db04251d81310d\" tg-width=\"813\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>Both WTI and Brent crude oil prices narrowed their losses. As of press time, WTI crude oil was down 0.22% at $71.91 per barrel. Brent crude oil fell 0.05% to $74.06 a barrel.</p><p>Market concerns about fuel demand in the event of the spread of the COVID-19 variant strain, as well as flooding in major emerging market countries, offset the impact of expectations of tight supply for the remainder of the year. Analysts believe that oil price declines are usually short-lived. When Brent crude oil prices fall below $70 per barrel and economic demand for energy appears strong, buyers flock to the market.</p><p><img src=\"https://static.tigerbbs.com/154661802aeaa6a3f18429a6f7f6bbbc\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ea475024e64b8cfd224ab1575ee9a15e\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p><p><b>gold</b></p><p>Gold prices continued their upward trend, rising 0.33% to $1,807.7 per ounce as of press time.</p><p>Recently, concerns about the severe global mutation of the virus have spread in the market, which has triggered risk aversion. At the same time, concerns about the economic slowdown in Europe and the United States have become potential support for investors to buy gold. Coupled with issues such as the U.S. infrastructure bill and the government debt ceiling, gold prices appear to be brewing a new wave of gains.</p><p><img src=\"https://static.tigerbbs.com/c570c2d90a750a9a0d0cebb97e2fda3f\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-market: Are alarm bells ringing for the US economy? Waiting for Tesla's after-hours results</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\">\nPre-market: Are alarm bells ringing for the US economy? Waiting for Tesla's after-hours results\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-26 20:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 26, futures for all three major U.S. stock indexes fell slightly. As of press time, Dow Jones Industrial Average futures were down 0.23%. S&P 500 futures fell 0.18%; Nasdaq 100 futures fell 0.11%.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The company lowered its forecast for US GDP growth in the third quarter from 9.5% to 8.5%, and also lowered its forecast for US consumption growth in the second half of the year due to the pandemic, stating that US spending needs to shift from goods to services.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The US economic growth rate is expected to slow to 1.5-2% by the second half of 2022; The US economic growth forecast for the fourth quarter has been lowered to 5%.</p><p><img src=\"https://static.tigerbbs.com/78b206b4c38303011d623a49f1b46057\" tg-width=\"376\" tg-height=\"188\" referrerpolicy=\"no-referrer\"></p><p><b>Pre-market price</b></p><p>US blockchain stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/MARA\">Marathon Patent</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>、<a href=\"https://laohu8.com/S/BTBT\">Digital Bit</a>It rose by over 17%.<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>、<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up 11%<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>Up more than 9%,<a href=\"https://laohu8.com/S/COIN\">Coinbase</a>It rose more than 6%. Allegedly,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It plans to accept Bitcoin payments by the end of this year and explore creating its own cryptocurrency next year.</p><p>Popular Chinese concept stocks maintained their pre-market decline from last week.<a href=\"https://laohu8.com/S/BEKE\">Seashell</a>It fell more than 19%.<a href=\"https://laohu8.com/S/DIDI\">Didi</a>It fell more than 11%.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It fell nearly 10%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It fell more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It fell more than 4%.<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell by more than 3%.</p><p>With the implementation of the double reduction policy, Chinese concept stocks in the education sector continued their sharp decline from last Friday, and continued to fall sharply in pre-market trading today.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>、<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Both fell by more than 20%.<a href=\"https://laohu8.com/S/DAO\">Youdao</a>It fell by more than 13%.</p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>The stock price fell by more than 11% last weekend after the State Administration for Market Regulation, in accordance with the law, took action.<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>The limited liability company imposed penalties such as ordering the termination of the exclusive copyright of online music.</p><p><a href=\"https://laohu8.com/S/RLX\">RLX Technology</a>It fell nearly 10% in pre-market trading to $4.23, and is poised to open at a new low.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose slightly in pre-market trading and will release its earnings report after the market closes on Monday.<a href=\"https://laohu8.com/TW/178972641\" target=\"_blank\">Financial Report Preview: Better than expected!<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Expected revenue of $11.3 billion</a>》</p><p><b>Pre-market earnings report</b></p><p><a href=\"https://laohu8.com/NW/1140647234\" target=\"_blank\"><b>Lockheed Martin reported Q2 revenue of $17.029 billion and net income of $1.815 billion.</b></a></p><p>The financial report shows that second-quarter revenue was $17.029 billion, compared to market expectations of $16.937 billion and $16.22 billion in the same period last year; Second-quarter net income was $1.815 billion, compared to market expectations of $1.824 billion and $1.626 billion in the same period last year; Second-quarter earnings per share were $6.52, compared to market expectations of $6.54 and $5.79 in the same period last year.</p><p><a href=\"https://laohu8.com/NW/1191089457\" target=\"_blank\"><b>Hasbro's Q2 net revenue increased by 54% year-on-year, with video game revenue doubling.</b></a></p><p>Hasbro announced its second-quarter financial results. Data shows that,<a href=\"https://laohu8.com/S/HAS\">Hasbro</a>Q2 net revenue was $1.3222 billion, compared to $860.3 million in the same period last year, representing a year-over-year increase of 54%. Following the release of its earnings report, Hasbro's pre-market share price rose by more than 4%.</p><p><b>European Market</b></p><p>Most major European stock indices declined, with Germany's DAX 30 down 0.29% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It fell 0.1%, and the French CAC40 fell 0.03%.</p><p><img src=\"https://static.tigerbbs.com/36acc9f43968f4d7f2db04251d81310d\" tg-width=\"813\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>Both WTI and Brent crude oil prices narrowed their losses. As of press time, WTI crude oil was down 0.22% at $71.91 per barrel. Brent crude oil fell 0.05% to $74.06 a barrel.</p><p>Market concerns about fuel demand in the event of the spread of the COVID-19 variant strain, as well as flooding in major emerging market countries, offset the impact of expectations of tight supply for the remainder of the year. Analysts believe that oil price declines are usually short-lived. When Brent crude oil prices fall below $70 per barrel and economic demand for energy appears strong, buyers flock to the market.</p><p><img src=\"https://static.tigerbbs.com/154661802aeaa6a3f18429a6f7f6bbbc\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ea475024e64b8cfd224ab1575ee9a15e\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p><p><b>gold</b></p><p>Gold prices continued their upward trend, rising 0.33% to $1,807.7 per ounce as of press time.</p><p>Recently, concerns about the severe global mutation of the virus have spread in the market, which has triggered risk aversion. At the same time, concerns about the economic slowdown in Europe and the United States have become potential support for investors to buy gold. Coupled with issues such as the U.S. infrastructure bill and the government debt ceiling, gold prices appear to be brewing a new wave of gains.</p><p><img src=\"https://static.tigerbbs.com/c570c2d90a750a9a0d0cebb97e2fda3f\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"XPEV":"小鹏集团","BEKE":"贝壳","BIDU":"百度","EDU":"新东方","COIN":"Coinbase Global, Inc.","DIDI":"滴滴(已退市)","GOTU":"高途","LI":"理想汽车","TAL":"好未来","BABA":"阿里巴巴",".DJI":"道琼斯","NIO":"蔚来",".IXIC":"NASDAQ Composite","00700":"腾讯控股","JD":"京东",".SPX":"S&P 500 Index","BILI":"哔哩哔哩","TSLA":"特斯拉","PDD":"拼多多"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151329644","content_text":"7月26日，美股三大股指期货均小幅走低，截至发稿，道指期货跌0.23%；标普500指数期货跌0.18%；纳斯达克100指数期货跌0.11%。\n高盛：将对美国三季度GDP增速预期从9.5%下调至8.5%，并因疫情原因下调美国下半年消费增速预期，称美国的支出需要从商品转向服务。高盛：预计到2022年下半年，美国经济增速将放缓至1.5-2%；下调美国第四季度经济增速至5%。\n\n盘前行情\n美股区块链板块盘前走强，Marathon Patent、Riot Blockchain、Bit Digital涨超17%，亿邦国际、嘉楠科技涨11%，第九城市涨超9%，Coinbase涨超6%。据称，亚马逊计划在今年年底接受比特币支付，并在明年探索创建自己的加密货币。\n热门中概股盘前维持上周跌势，贝壳跌超19%，滴滴跌超11%，拼多多跌近10%，哔哩哔哩跌超7%，小鹏汽车、京东、百度跌超4%，蔚来、理想汽车、阿里巴巴跌超3%。\n双减政策落地，中概教育股延续上周五的暴跌走势，今日盘前继续大跌，高途、好未来、新东方均跌超20%，有道跌超13%。\n腾讯音乐跌超11%，上周末市场监管总局依法对腾讯控股有限公司作出责令解除网络音乐独家版权等处罚。\nRLX科技盘前跌近10%，报4.23美元，开盘势将再创上市新低。\n特斯拉盘前小幅走高，将于周一盘后公布财报。《财报前瞻：超预期！特斯拉预期营收113亿美元》\n盘前财报\n洛克希德马丁Q2营收170.29亿美元，净利润18.15亿美元\n财报显示，第二季度营收170.29亿美元，市场预期169.37亿美元，去年同期162.20亿美元；第二季度净利润18.15亿美元，市场预期18.24亿美元，去年同期16.26亿美元；第二季度每股盈利6.52美元，市场预期6.54美元，去年同期5.79美元。\n孩之宝Q2净营收同比增长54%，电子游戏业务营收翻倍\n孩之宝公布了第二季度财务业绩。数据显示，孩之宝Q2净营收为13.222亿美元，上年同期为8.603亿美元，同比增长54%。财报发布后，孩之宝盘前股价涨超4%。\n欧洲市场\n欧洲主要股指多数走低，截至发稿，德国DAX30指数跌0.29%，英国富时100跌0.1%、法国CAC40跌0.03%。\n\n原油\n美、布两油跌幅收窄，截止发稿，WTI原油跌0.22%，报71.91美元/桶；布伦特原油跌0.05%，报74.06美元/桶。\n市场对新冠变异毒株扩散情况下的燃料需求、以及主要新兴市场国家洪灾的担忧，抵消了今年余下时间供应紧俏预期的影响。分析认为油价下跌通常是短暂的，当布伦特原油价格跌破70美元/桶，而经济对能源的需求看上去强劲时，逢低买进者蜂拥而至。\n\n黄金\n金价维持震荡走高的态势，截止发稿，涨0.33%，报1807.7美元/盎司。\n近期全球严峻的变异病毒担忧情绪在市场蔓延，这激发了市场避险，同时欧美经济放缓的担忧也成了，投资者购入黄金的潜在支持。加之美国基建法案和政府债务上限等问题，金价似乎在酝酿一波新的上涨。","news_type":1,"symbols_score_info":{"BIDU":0.9,"JD":0.9,".IXIC":0.9,"BILI":0.9,"PDD":0.9,"TAL":0.9,"DIDI":0.9,"00700":0.9,"COIN":0.9,"EDU":0.9,".SPX":0.9,"GOTU":0.9,"LI":0.9,"XPEV":0.9,".DJI":0.9,"BEKE":0.9,"NIO":0.9,"BABA":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":6085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172003437,"gmtCreate":1626918737229,"gmtModify":1703480555306,"author":{"id":"3585253530091052","authorId":"3585253530091052","name":"金钱爱我我爱金钱","avatar":"https://static.tigerbbs.com/df97d16e5df9b53484375824fa3acbfb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585253530091052","idStr":"3585253530091052"},"themes":[],"title":"","htmlText":"321","listText":"321","text":"321","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/172003437","repostId":"2153324647","repostType":4,"repost":{"id":"2153324647","kind":"highlight","pubTimestamp":1626937403,"share":"https://ttm.financial/m/news/2153324647?lang=en_US&edition=fundamental","pubTime":"2021-07-22 15:03","market":"us","language":"zh","title":"As early as October! The Biden administration will be mired in a fiscal cliff crisis.","url":"https://stock-news.laohu8.com/highlight/detail?id=2153324647","media":"华尔街见闻","summary":"如果国会一直不提高债务上限，可能最快今年秋季，拜登政府就会上任后首次面临财政悬崖的威胁。\n为美国国会提供预算和经济信息的国会预算办公室（CBO）最新预计，美国财政部可能在今年10月或者11月用尽所有避","content":"<p>If Congress does not raise the debt ceiling, the Biden administration could face the threat of a fiscal cliff for the first time since taking office as early as this fall.</p><p>The Congressional Budget Office (CBO), which provides budget and economic information to the U.S. Congress, recently predicted that the U.S. Treasury Department may exhaust all means to avoid the debt ceiling in October or November of this year.</p><p>The CBO's forecast illustrates the deadline by which the Biden administration must address the issues raised by the expiration of debt ceiling waivers.</p><p><a href=\"https://laohu8.com/S/600918\">Zhongtai Securities</a>The chart below shows the recent forecasts from the Bipartisan Policy Center, which show that in a pessimistic scenario, assuming federal spending growth exceeds expectations, or the recovery slows and government revenue is insufficient, the Treasury Department may exhaust its unconventional means and run out of cash on hand, and the \"X date\" may be brought forward to October. In an optimistic scenario, assuming economic growth exceeds expectations and tax revenue in September is higher than expected, \"Date X\" may be postponed until after December.<img src=\"https://static.tigerbbs.com/add670b699756bffb4f9c019d5b53bfb\" tg-width=\"1080\" tg-height=\"730\" referrerpolicy=\"no-referrer\">Debt default possible as early as August</p><p>During the Trump administration, the U.S. Congress reached a solution not to raise the debt ceiling for the time being. In August 2019, it passed the Bipartisan Budget Act, which suspended the debt ceiling for two years and allowed the government to borrow without a limit during this period. This debt ceiling suspension will expire on July 31 this year.</p><p>Treasury Bond in the United States has good credit, low risk, and almost no defaults due to lack of debt repayment ability. However, with the U.S. federal government currently carrying more than $28 trillion in debt exceeding the debt ceiling, if the statutory limit on the debt ceiling is reinstated and Congress cannot raise it, the U.S. could default on its debt as early as August, making it difficult for the Treasury Department to borrow to pay for government operating expenses.</p><p>This is also why US Treasury Secretary Yellen issued a warning last month. She stated at the time that we are still at a critical juncture in the recovery from the pandemic, and that if Congress does not take action and allows the United States to default on its debt, the outcome will be disastrous.</p><p>Congressional Democrats have not yet developed any plans to raise the debt ceiling, nor have they decided whether to add debt ceiling measures to the budget bill that is on the fast track for approval.</p><p>To avoid a default immediately after the debt ceiling takes effect, the U.S. Treasury Department could take \"unconventional measures\" to buy several months to raise the debt ceiling. One important one is to use the cash balance in the Ministry of Finance's TGA cash account to repay principal and interest to creditors.</p><p><h2>The US treasury may release $250 billion in ten days.</h2>Markets are now increasingly concerned about the threat to money markets posed by the unresolved debt ceiling issue.</p><p>As previously mentioned in a Wall Street Insights article, due to suspicions of deliberately circumventing the debt ceiling, the Treasury Department cannot increase the TGA account balance before the debt ceiling takes effect, so the only option is to reduce the account balance. Funds flowed out of TGA accounts to pay for various welfare programs, and then into the money market and banking system, creating a large demand for short-term bills, spurring active trading in the overnight lending market, and pushing down U.S. short-term bond interest rates.</p><p>The Treasury Department aims to reduce the TGA account balance to $450 billion by July 31. As of July 16, the TGA account balance was as high as $698 billion, which means that the U.S. Treasury Department needs to \"release\" as much as $250 billion in just over ten days. This means that short-term US Treasury Bond yields will continue to be suppressed at low levels.</p><p>Because the Federal Reserve made a technical adjustment in June that appeared to be a disguised \"rate hike,\" raising the two major management interest rates that control the upper and lower limits of the policy interest rate range—the excess reserve rate (IOER) and the overnight reverse repurchase rate (ON RRP)—the Fed's overnight reverse repurchase funds may exceed a trillion-dollar high.</p><p><img src=\"https://static.tigerbbs.com/7a4905ab18968a13f59225f3693eee12\" tg-width=\"500\" tg-height=\"279\" referrerpolicy=\"no-referrer\">Media outlets point out that the most effective way to reduce the TGA balance is to further reduce the size of auctions in Treasury Bond, USA. The risk of this move is that it will exacerbate the supply and demand imbalance that is already suppressing long-term yields, thereby threatening the Federal Reserve's control over key interest rate indicators.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>According to strategist Teresa Ho, the market is very uncertain about the future path of the Federal Reserve's TGA balance, \"which is the number one question our clients ask us.\" Customers want to know what unconventional measures the Treasury Department is taking, and when Congress will raise or suspend the debt ceiling again.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>As early as October! The Biden administration will be mired in a fiscal cliff crisis.</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\">\nAs early as October! The Biden administration will be mired in a fiscal cliff crisis.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-22 15:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If Congress does not raise the debt ceiling, the Biden administration could face the threat of a fiscal cliff for the first time since taking office as early as this fall.</p><p>The Congressional Budget Office (CBO), which provides budget and economic information to the U.S. Congress, recently predicted that the U.S. Treasury Department may exhaust all means to avoid the debt ceiling in October or November of this year.</p><p>The CBO's forecast illustrates the deadline by which the Biden administration must address the issues raised by the expiration of debt ceiling waivers.</p><p><a href=\"https://laohu8.com/S/600918\">Zhongtai Securities</a>The chart below shows the recent forecasts from the Bipartisan Policy Center, which show that in a pessimistic scenario, assuming federal spending growth exceeds expectations, or the recovery slows and government revenue is insufficient, the Treasury Department may exhaust its unconventional means and run out of cash on hand, and the \"X date\" may be brought forward to October. In an optimistic scenario, assuming economic growth exceeds expectations and tax revenue in September is higher than expected, \"Date X\" may be postponed until after December.<img src=\"https://static.tigerbbs.com/add670b699756bffb4f9c019d5b53bfb\" tg-width=\"1080\" tg-height=\"730\" referrerpolicy=\"no-referrer\">Debt default possible as early as August</p><p>During the Trump administration, the U.S. Congress reached a solution not to raise the debt ceiling for the time being. In August 2019, it passed the Bipartisan Budget Act, which suspended the debt ceiling for two years and allowed the government to borrow without a limit during this period. This debt ceiling suspension will expire on July 31 this year.</p><p>Treasury Bond in the United States has good credit, low risk, and almost no defaults due to lack of debt repayment ability. However, with the U.S. federal government currently carrying more than $28 trillion in debt exceeding the debt ceiling, if the statutory limit on the debt ceiling is reinstated and Congress cannot raise it, the U.S. could default on its debt as early as August, making it difficult for the Treasury Department to borrow to pay for government operating expenses.</p><p>This is also why US Treasury Secretary Yellen issued a warning last month. She stated at the time that we are still at a critical juncture in the recovery from the pandemic, and that if Congress does not take action and allows the United States to default on its debt, the outcome will be disastrous.</p><p>Congressional Democrats have not yet developed any plans to raise the debt ceiling, nor have they decided whether to add debt ceiling measures to the budget bill that is on the fast track for approval.</p><p>To avoid a default immediately after the debt ceiling takes effect, the U.S. Treasury Department could take \"unconventional measures\" to buy several months to raise the debt ceiling. One important one is to use the cash balance in the Ministry of Finance's TGA cash account to repay principal and interest to creditors.</p><p><h2>The US treasury may release $250 billion in ten days.</h2>Markets are now increasingly concerned about the threat to money markets posed by the unresolved debt ceiling issue.</p><p>As previously mentioned in a Wall Street Insights article, due to suspicions of deliberately circumventing the debt ceiling, the Treasury Department cannot increase the TGA account balance before the debt ceiling takes effect, so the only option is to reduce the account balance. Funds flowed out of TGA accounts to pay for various welfare programs, and then into the money market and banking system, creating a large demand for short-term bills, spurring active trading in the overnight lending market, and pushing down U.S. short-term bond interest rates.</p><p>The Treasury Department aims to reduce the TGA account balance to $450 billion by July 31. As of July 16, the TGA account balance was as high as $698 billion, which means that the U.S. Treasury Department needs to \"release\" as much as $250 billion in just over ten days. This means that short-term US Treasury Bond yields will continue to be suppressed at low levels.</p><p>Because the Federal Reserve made a technical adjustment in June that appeared to be a disguised \"rate hike,\" raising the two major management interest rates that control the upper and lower limits of the policy interest rate range—the excess reserve rate (IOER) and the overnight reverse repurchase rate (ON RRP)—the Fed's overnight reverse repurchase funds may exceed a trillion-dollar high.</p><p><img src=\"https://static.tigerbbs.com/7a4905ab18968a13f59225f3693eee12\" tg-width=\"500\" tg-height=\"279\" referrerpolicy=\"no-referrer\">Media outlets point out that the most effective way to reduce the TGA balance is to further reduce the size of auctions in Treasury Bond, USA. The risk of this move is that it will exacerbate the supply and demand imbalance that is already suppressing long-term yields, thereby threatening the Federal Reserve's control over key interest rate indicators.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>According to strategist Teresa Ho, the market is very uncertain about the future path of the Federal Reserve's TGA balance, \"which is the number one question our clients ask us.\" Customers want to know what unconventional measures the Treasury Department is taking, and when Congress will raise or suspend the debt ceiling again.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3636020\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/be1f2064b1def89283b4efa9b8ac4586","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","DJX":"1/100道琼斯","SDOW":"三倍做空道指30ETF-ProShares","TQQQ":"纳指三倍做多ETF","OEX":"标普100","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DOG":"道指ETF-ProShares做空","UPRO":"三倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","UDOW":"三倍做多道指30ETF-ProShares",".SPX":"S&P 500 Index","IVV":"标普500ETF-iShares","QQQ":"纳指100ETF","OEF":"标普100指数ETF-iShares"},"source_url":"https://wallstreetcn.com/articles/3636020","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153324647","content_text":"如果国会一直不提高债务上限，可能最快今年秋季，拜登政府就会上任后首次面临财政悬崖的威胁。\n为美国国会提供预算和经济信息的国会预算办公室（CBO）最新预计，美国财政部可能在今年10月或者11月用尽所有避免债务上限的手段。\nCBO的预测展示了拜登政府必须解决债务上限豁免到期引发问题的最后期限。\n中泰证券的下图展示了两党政策中心最近的预测，其中可见，在悲观情形下，假设联邦支出增长超过预期，或者复苏放缓且政府收入不足，财政部非常规手段用尽且手头现金告罄到来的“X日期”则可能会提前至10月。乐观情形下，假设经济增长超过预期且9月税收收入高于预期，“X日期”可能会推迟至12月之后。最早可能8月债务违约\n特朗普政府时期，美国国会达成暂时不提高债务上限的解决方案，于2019年8月通过《两党预算法案》，将债务上限暂停两年，允许政府在此期间无上限借款。这一债务上限暂停将于今年7月31日到期。\n美国国债信用较好，风险较低，几乎不存在因偿债能力缺失而导致的违约。但在美国联邦政府目前背负超过28万亿美元的债务已经高于债务上限时，如果恢复债务上限的法定限制，国会又不能提高债务上限，美国最早可能8月就发生债务技术性违约，财政部难以再通过借款来支付政府运作费用。\n这也是上月美国财长耶伦发出警告的原因。她当时表示，目前仍处于在疫情打击后恢复的关键时刻，如果国会不采取行动，任由美国发生债务违约，结果是灾难性的。\n国会民主党人目前还没有制定任何上调债务上限的计划，也没有决定是否要利把债务上限的对策添加到进入批准快车道的预算议案。\n为避免债务上限生效后立即发生违约，美国财政部可以采取“非常规措施”，为上调债务上限争取几个月时间。其中重要的一种就是动用财政部现金账户TGA中的现金余额向债权人还本付息。\n美国财政恐十天“泄洪”2500亿美元\n市场现在越来越担心债务上限问题悬而未决给货币市场带来的威胁。\n华尔街见闻此前文章提到，因为有刻意规避债务上限之嫌，所以财政部在债务上限生效前不能增加TGA账户余额，那么只有减少账户余额。资金从TGA账户流出用以支付各类福利计划，资金也随之进入到货币市场和银行体系，创造出大量短期票据的需求，催生隔夜借贷市场的活跃交易，并推低美国短债利率。\n财政部的目标是在7月31日之前将TGA账户余额降低至4500亿美元。而截至7月16日，TGA账户余额还高达6980亿美元，也就是说，美国财政部需要在十几天内“泄洪”高达2500亿美元。这意味着，美国短期国债收益率将继续被压制在低位。\n由于美联储6月有过看似变相“加息”的技术性调整，上调了控制政策利率区间上下限的两大管理利率——超额准备金利率（IOER）和隔夜逆回购利率（ON RRP），美联储隔夜逆回购趴在账上的资金可能突破万亿美元高位。\n媒体指出，减少TGA余额最有效的方法是进一步缩减美国国债标售的规模。此举的风险在于，它将激化本已压制长端收益率的供需失衡，进而威胁美联储对关键利率指标的掌控。\n摩根大通的策略师Teresa Ho称，市场非常不确定美联储TGA余额未来的变化路径，“这是客户问我们的头号问题”。客户想知道，财政部有哪些非常规措施，以及国会将会上调还是再次暂停债务上限，何时会行动。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"QID":0.9,"IVV":0.9,".SPX":0.9,"MNQmain":0.9,"QLD":0.9,"SDS":0.9,"SPXU":0.9,"DXD":0.9,"OEF":0.9,"UBmain":0.9,"ZFmain":0.9,"SDOW":0.9,"DDM":0.9,"TNmain":0.9,"SSO":0.9,"ZBmain":0.9,"DOG":0.9,"SQQQ":0.9,"ZNmain":0.9,"ESmain":0.9,"TQQQ":0.9,"OEX":0.9,"SH":0.9,"QQQ":0.9,"UPRO":0.9,"ZTmain":0.9,"NQmain":0.9,"PSQ":0.9,"DJX":0.9,"UDOW":0.9}},"isVote":1,"tweetType":1,"viewCount":6262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176088225,"gmtCreate":1626845708567,"gmtModify":1703766304510,"author":{"id":"3585253530091052","authorId":"3585253530091052","name":"金钱爱我我爱金钱","avatar":"https://static.tigerbbs.com/df97d16e5df9b53484375824fa3acbfb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585253530091052","idStr":"3585253530091052"},"themes":[],"title":"","htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176088225","repostId":"1162146853","repostType":4,"repost":{"id":"1162146853","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626838248,"share":"https://ttm.financial/m/news/1162146853?lang=en_US&edition=fundamental","pubTime":"2021-07-21 11:30","market":"hk","language":"zh","title":"The Cyberspace Administration held talks with Kuaishou, Tencent, Taobao, Weibo, etc. in accordance with the law.","url":"https://stock-news.laohu8.com/highlight/detail?id=1162146853","media":"老虎资讯综合","summary":"近期，针对快手、腾讯QQ、淘宝、新浪微博、小红书等平台传播儿童软色情表情包、利用未成年人性暗示短视频引流等问题，网信部门依法约谈平台负责人，责令限期整改，全面清理处置相关违法违规信息和账号，并对平台实","content":"<p>Recently, regarding Kuaishou,<a href=\"https://laohu8.com/S/00700\">Tencent</a>QQ, Taobao,<a href=\"https://laohu8.com/S/SINA\">Sina</a>Regarding issues such as platforms like Weibo and Xiaohongshu disseminating child pornography emojis and using minors' sexually suggestive short videos to drive traffic, the Cyberspace Administration of China summoned the platform leaders for talks in accordance with the law, ordered them to rectify the situation within a specified period, comprehensively cleaned up and dealt with relevant illegal and irregular information and accounts, and imposed fines on the platforms.</p><p>relevant official from the Cyberspace Administration of China emphasized that during the special campaign, the handling and punishment of illegal and irregular activities will be further intensified, and a \"zero-tolerance\" attitude will be maintained towards issues that infringe upon the legitimate rights and interests of minors. The government will adhere to the principle of cracking down on any issues that arise and severely punishing them, and vigorously rectify online problems that endanger the physical and mental health of minors.</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 Cyberspace Administration held talks with Kuaishou, Tencent, Taobao, Weibo, etc. in accordance with the law.</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 Cyberspace Administration held talks with Kuaishou, Tencent, Taobao, Weibo, etc. in accordance with the law.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-21 11:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Recently, regarding Kuaishou,<a href=\"https://laohu8.com/S/00700\">Tencent</a>QQ, Taobao,<a href=\"https://laohu8.com/S/SINA\">Sina</a>Regarding issues such as platforms like Weibo and Xiaohongshu disseminating child pornography emojis and using minors' sexually suggestive short videos to drive traffic, the Cyberspace Administration of China summoned the platform leaders for talks in accordance with the law, ordered them to rectify the situation within a specified period, comprehensively cleaned up and dealt with relevant illegal and irregular information and accounts, and imposed fines on the platforms.</p><p>relevant official from the Cyberspace Administration of China emphasized that during the special campaign, the handling and punishment of illegal and irregular activities will be further intensified, and a \"zero-tolerance\" attitude will be maintained towards issues that infringe upon the legitimate rights and interests of minors. The government will adhere to the principle of cracking down on any issues that arise and severely punishing them, and vigorously rectify online problems that endanger the physical and mental health of minors.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a67a6f33a97a391431531d82adf08fec","relate_stocks":{"01024":"快手-W","WB":"微博","00700":"腾讯控股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162146853","content_text":"近期，针对快手、腾讯QQ、淘宝、新浪微博、小红书等平台传播儿童软色情表情包、利用未成年人性暗示短视频引流等问题，网信部门依法约谈平台负责人，责令限期整改，全面清理处置相关违法违规信息和账号，并对平台实施罚款处罚。\n中央网信办有关负责人强调，专项行动期间，将进一步加大对违法违规行为的处置处罚力度，对于侵害未成年人合法权益的问题，保持“零容忍”态度，坚持露头就打、从严从重，大力整治网上危害未成年人身心健康问题乱象。","news_type":1,"symbols_score_info":{"90022":0.9,"WB":0.9,"01024":0.9,"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":6165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171207445,"gmtCreate":1626744973587,"gmtModify":1703764290834,"author":{"id":"3585253530091052","authorId":"3585253530091052","name":"金钱爱我我爱金钱","avatar":"https://static.tigerbbs.com/df97d16e5df9b53484375824fa3acbfb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585253530091052","idStr":"3585253530091052"},"themes":[],"title":"","htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171207445","repostId":"1191979693","repostType":2,"isVote":1,"tweetType":1,"viewCount":6260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171102168,"gmtCreate":1626709975554,"gmtModify":1703763862580,"author":{"id":"3585253530091052","authorId":"3585253530091052","name":"金钱爱我我爱金钱","avatar":"https://static.tigerbbs.com/df97d16e5df9b53484375824fa3acbfb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585253530091052","idStr":"3585253530091052"},"themes":[],"title":"","htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171102168","repostId":"1191528932","repostType":4,"isVote":1,"tweetType":1,"viewCount":5637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}