港股医药外包股午后调整，方达控股跌超 3%，泰格医药跌超 2%，药明康德、药明生物、金斯瑞生物科技均跌近 1.5%。

According to market sources, due to a lack of buyers, Goldman Sachs has lowered the asking price for a Hong Kong office building it owns by at least one-third, or approximately HKD 900 million.

Goldman Sachs significantly lowers the asking price for its holdings of Hong Kong office buildings.

小摩认为，很多股票的估值已接近历史最低点；收入预期调整仍将是最重要的股价驱动因素。而阿里、腾讯目前股价未反映的因素包括：1）淘宝越来越受消费者和商家青睐。2）腾讯小游戏平台在中国网络游戏市场的使用时长和收入份额正在上升。

阿里、腾讯们财报前！市场反映了什么？未反映什么？

“对 AGI 何时到来做一个对数正态分布的预测，其中 2028 年是均值，2025 年是众数，但前提是不发生核战这类疯狂的事件。

2028 年人类将迎来 AGI：DeepMind 联合创始人长文预测未来 AI 发展

日本媒体当地时间 11 月 12 日援引一项最新调查报道，大阪府摄津市部分居民血液中有机氟化合物含量偏高，健康受到威胁。调查人员分析，这可能与当地河流和地下水中全氟和多氟烷基物质含量超标有关。近期，日本关西地区多座城市的河流和地下水检测出全氟和多氟烷基物质超标，大阪府摄津市是其中之一。今年 9 月以来，当地一个由医生和研究人员组成的市民团体组织居民参加血液检测，结果显示，87 名受检居民中，31 人血液中含有高浓度的全氟和多氟烷基物质。

日本大阪府部分居民血检异常 疑与水体受污染有关

If Hong Kong seizes this opportunity, I believe that the innovative pharmaceutical sector in the Hong Kong stock market will have even greater appeal to investors, especially in terms of liquidity. There is no need to worry.

Home by the river: Hang Seng Index is waiting for the US stock market to provide guidance in the short term.

华尔街见闻从供应链独家获得的权威市调机构统计数据显示，小米 14 系列，自 10 月 31 日首销至 11 月 10 日，全渠道总销量高达 144.74 万台，创下小米高端旗舰销量纪录。小米 14 系列助推小米于 W44（10.30-11.5）在中国智能手机市场销量市占率环比升幅第一，提升高达 8.9 个百分点，同时也拿下安卓销量份额第一。

小米 14 系列上市销售 10 天全渠道销量高达 144.74 万台

According to an internal media report citing information from the China Securities Regulatory Commission (CSRC), the CSRC has requested Cainiao Smart Logistics Network Limited to supplement its overseas issuance and listing filing materials. Sources say that this is a routine procedure during the IPO application process for companies. Cainiao submitted its application to the Hong Kong Stock Exchange (00388) on September 26th.

"New Stock News" According to reports, the China Securities Regulatory Commission has requested Cainiao to supplement the materials for overseas issuance and listing filing.

恒生科技指数盘初快速拉升，一度涨逾 1.9%。

恒指高开 0.35%，恒生科技指数涨 0.6%。小米涨 2.4%，B 站、商汤、联想、快手等涨逾 1%。

美股市场数据反映反弹动力强劲，基金经理预计美股将继续上涨：““我们将寻找增持股票的机会。”

美股正在观望：年底行情会有吗？

Over the weekend, reelshort, a short drama platform under Chinese online media company Zhongwen Online, has once again gained tremendous popularity. It has reached the second place on the overall download chart in the United States and the first place on the entertainment chart. At the same time, it has also entered the top ten in 40 countries. The concept of short dramas is worth paying attention to.

Zhitong Decision Reference | Hang Seng Index continues to decline, bearish momentum weakening

据悉印度考虑降低电动汽车关税以吸引特斯拉投资。

印度考虑降低电动汽车关税以吸引特斯拉投资

2024 could be the "catalyst year" for edge artificial intelligence.

AI is set to become a revenue-generating tool, and Morgan Stanley is optimistic about Apple.

摩根士丹利经济学家预测，随着通胀降温，美联储将在未来两年大幅降息；高盛分析师预计降息幅度较小，且会较晚才会开始。以美国首席经济学家 Ellen Zentner 为首的摩根士丹利研究人员周日在他们的 2024 年展望中表示，美联储将于 2024 年 6 月开始降息，然后在 9 月以及第四季之后的每次会议上降息，每次降息 25 个基点。他们表示，到 2025 年底，政策利率将降至 2.375%。同时，高盛预计，美联储将在 2024 年第四季首次降息 25 个基点，到 2026 年中期每季降息一次，总共降息 175 个基点，利率最终会落在 3.5%-3.75% 范围。这是根据经济学家 David Mericle 对 2024 年的展望得出，该展望也是在周日发表。高盛的预测更接近美联储的预测。根据政策制定者的预估中值，美联储 9 月的预测显示，明年将降息两次，各下调 0.25 个百分点，到 2025 年年底，政策利率将在 3.9%。

高盛和摩根士丹利对美联储降息的预测有分歧 相差 125 个基点

Goldman Sachs pointed out that global hedge funds increased their bearish positions on financial stocks to the highest level in nearly five years last week, but did not mention the underlying reasons.

Goldman Sachs: Hedge funds' bearish positions on US financial stocks increased to a five-year high last week.

12 晚在社交网络上流传一张聊天截图，图片头像为 “马化腾”，称 “用阿里云不如用腾讯云啊朋友们”。腾讯云方面表示，该截图是假的。12 日下午，阿里云多个相关服务均出现了问题，包括天猫精灵、阿里云服务器产品控制台、淘宝消息系统、饿了么、夸克等。

“马化腾” 称用阿里云不如用腾讯云？ 腾讯云回应：假的

光大证券认为央行或在年底之前择机降准。本阶段降准有助于降低金融机构的资金成本，缓解其净息差的压力，增强金融支持实体经济的可持续性。而且，降准的政策红利经银行体系传导至借款人后，还具有促进融资成本下降的作用。

降准的概率明显上升

美股三大股指期货周一小幅低开，其中标普 500 指数期货数跌 0.17%。

The target of delivering 20 million vehicles in 2023 may be difficult to achieve, and there are potential risks in non-automotive businesses. Tesla is both an asset and a risk.

First coverage, first bearish view! HSBC's heavyweight research report on Tesla

The Silent Majority: Without these 10 large-cap stocks, the US stock market's performance this year would be "zero growth".

Small businesses are still very sensitive to changes in the credit cycle.

The end of the interest rate hike cycle, investors are starting to bet on large-cap technology stocks.

Morgan Stanley believes that the US stock market still lacks technical and fundamental support, and last week's surge was mainly influenced by the decline in bond yields. The current market situation appears to be more like a bear market rebound rather than the beginning of a sustained rebound, especially in the face of weaker profit expectations and macroeconomic data.

Is this overseas "stock and bond rally" too strong and too fast? Without fundamental and technical support?

JPMorgan Chase CEO Jamie Dimon recently announced the sale of $140 million worth of the bank's own stocks, which has attracted attention. In fact, Dimon is not the only top executive on Wall Street who is selling their own bank stocks, as there are many other executives from the six major banks who are doing the same.

Selling their own bank stocks, not only JPMorgan Chase CEO Jamie Dimon among Wall Street executives

The two major stock indices in the Tokyo stock market had mixed performances on November 10th. Blue-chip stocks such as SoftBank, Renesas, Nissan, Honda Motor, and Sony experienced significant declines, dragging down the overall market. Although the Japanese stock market has seen significant gains this year, there are concerns that it is now facing more and more unfavorable factors, including a lack of support from company performance and the peak of US bond yields. The upward trend is at risk of reversing, leading some investors to turn to the A-share market for bargain hunting.

Blue-chip stocks plummet, is the rally in the Japanese stock market coming to an end?

Amazon's "secret weapon" is likely to make its debut in December, replacing OpenAI. The moment is coming?

Amazon's new large-scale model, Olympus, is revealed! With 20 trillion parameters, it surpasses GPT-4 in an instant.

应美国总统拜登邀请，国家主席习近平将于 11 月 14 日至 17 日赴美国旧金山举行中美元首会晤，同时应邀出席亚太经合组织第三十次领导人非正式会议。

中芯国际联席 CEO 赵海军表示，公司正在拓展汽车（电子）领域高压、大功率等领域，未来计划在成熟节点上深耕细作，把每个产品跟客户一起做到第一梯队的水平，而且是多样化。

中芯国际业绩说明会：中国有大量本土产能需求，特殊工艺收入占 60%

Ideal has completely transcended the circle of new forces.

加密货币贷款机构 Celsius Network 的重组计划获得了美国破产法院的批准，该计划将把加密货币返还给客户，并成立一家由 Celsius 债权人所有的新公司。美国纽约一家破产法院在当地时间 11 月 9 日公布的一份命令中签署了重组计划。重组后的公司将由包括对冲基金 Arrington Capital 在内的财团 Fahrenheit 管理。

加密货币借贷机构 Celsius Network 结束破产案

11 月 10 日，据微信官微发文称，微信支付已经完成与中国移动、中国电信、中国联通等三大通讯运营商旗下支付平台条码支付的互联互通。

微信支付与三大运营商实现条码支付互联互通

挑起战争的巨头特斯拉身陷泥潭，而中国车企却在惨烈的价格战竞争中 “置之死地而后生”。比如比亚迪，比如小鹏。

特斯拉输了自己发起的价格战

In theory, the H100 is more than 6 times faster than the H20 in terms of speed. However, when it comes to LLM inference, the H20 is more than 20% faster than the H100.

Compared to the H100, how does the performance of NVIDIA's AI chips specially designed for China, fare?

汽车产业正在迎来新的发展时期，进入了 20 万价值阶段的新阶段，国内品牌方面，华为、理想和小米实力不容忽视，新势力中蔚来、小鹏和零跑不断努力。

智界 S7：华为智慧出行新战略

Q3 performance continues to explode, but still needs to break through the scale bottleneck.

Gross profit margin surpasses Tesla, LI AUTO-W faces a new turning point | Insight Research

机构预测，2023 年和 2024 年的 HBM 需求量将同比增长 100% 以上；在 2027 年之前，HBM 市场将以 82% 的复合增长率保持增长。

英伟达新芯片，这个 “加配” 的技术成为数不多亮点？

腾讯与 Meta 达成初步协议，明年晚些时候开始销售 Meta 的一款新的低成本 VR 头显。

报道称腾讯将在中国独家代理销售 Meta 的 VR 头显，明年晚些时候出售

摩根士丹利发表研究报告指，中芯国际受累于附属及合营公司表现，第三季每股盈利仅达到 1.18 美分，较该行预市场预期低 39% 及 46%，期内收入则大致符合预期，达到 16.21 亿美元。公司给予第四季经营指引，预测收入将按季增长 1% 至 3%，较大摩及市场预期低 8% 及 2%，而毛利率指引介乎 16% 至 18%，亦较大摩及市场预测的 19.7% 及 18.2% 逊色。该行重申对中芯的减持评级，认为利润率持续受压，第四季毛利率指引令人感到意外，反映公司短期内无法提高产品定价，考虑到更大幅度的折旧及资本支出增加，都将为公司利润率及自由现金流前景带来压力，给予目标价 16 港元。

大摩：中芯第四季毛利率指引逊预期 维持减持评级

“如果你是一家普通的公司，你就不得不在一只手被捆住的情况下为生存而战。如果你想跟上 ‘科技股七巨头’ 的步伐，你的收入和现金流就必须以每年 20% 或更快的速度增长。” 然后这家公司买了比特币……

股价今年飙升 245%！比特币巨鲸放言：赶超苹果全靠它！

Recently, Financial Secretary Paul Chan stated that Hong Kong's GDP is expected to grow by over 3% this year, which is lower than the estimated range of 3.5% to 5.5% mentioned in the February Budget.

"Analysis Report": Nomura lowers Hong Kong's GDP forecast for this year to 3.2%, expecting that the "spicy reduction" will not reverse the fundamental situation of the property market.

7 大巨头在狂拉，2000 本地公司却在流血……

美股内部撕裂前所未有 2024 将上演史诗级 “回归”？

Universa Investments founder Spitznagel suggests that the stock market may surge and then sharply reverse course when the Federal Reserve begins to cut interest rates.

"Black Swan" fund manager: "Golden Girl" market trend will continue, but US stocks will sharply turn when the Federal Reserve cuts interest rates.

港股汽车股盘初下挫，蔚来汽车跌近 6%，理想汽车跌近 5%，小鹏汽车跌近 4%，长城汽车、吉利汽车均跌 3%，新股喜相逢集团跌近 8%。

LOS ANGELES, Nov 9 (Reuters) - Walt Disneydelayed the release of Marvel movie “Blade,” a new “Deadpool” installment and several other films on Thursday as Hollywood studios adjusted schedules following the end of the four-month actors’ strike.

Disney delays 'Deadpool' sequel, 'Blade' and other films in post-strike shuffle

中芯国际今日召开业绩发布会。关于未来的产能和竞争关系问题，中芯国际表示，从全球来看，整个需求没有产能扩建的快，应该会产能过剩，需要很多时间慢慢的消化掉。中芯国际建设的产能都有跟客户事先做过沟通，客户也有战略性合作意向，所以中芯国际对建设的产能信心比较高，未来还是有客户的需求和订单的。

中芯国际：对建设的产能信心较高 未来还会有客户的需求与订单

截至发稿，华视集团涨 58.65%。根据公开消息，该集团作为一家品牌、广告及营销方案服务供应商。同时在公开发售阶段该集团合计接获 5017 份有效申请，一手中签率 10.56%。

港股新股华视集团高开近 60% 一手中签率 10.56%

华虹半导体跌近 8%，理想汽车跌超 6%，蔚来跌超 4%。

恒指低开 0.92%，恒生科技指数跌 1.99%

Non-automotive products will be the main obstacle to growth, and the Tesla deliveries scheduled for this month may be disappointing.

HSBC "Suggests Selling, Target Price 146", Tesla Falls 5% Again

中信证券认为，在支持宽信用修复诉求下，预计政策利率或仍有降息空间。

CPI 转负，降息会来吗？

Even if the Federal Reserve continues to hold steady, it still retains the option to raise interest rates unless there is concrete evidence indicating a further slowdown in inflation.