截至 10 月末的三个月，该基金的阿里巴巴持股增加 65%、理想持股增近 30 倍，云南白药持股增逾 9 倍；台积电持股减少 22%，市值降至第二大重仓股，网易被减持 76%；清仓百胜中国；新进沙特阿美 213 万股、中国远洋 1220 万股、石药集团 1160 万股。

高盛新兴市场洞察基金调仓中概：大幅增持阿里、理想，减持网易，腾讯升为头号重仓

目前银行定期融资计划（BTFP）利率降至 4.84%，比存款准备金利率（IORB）低 56 个基点，差距为美联储 3 月设立 BTFP 以来最大。上周银行从 BTFP 借入的款项达创纪录的 1310 亿美元，只通过贴现窗口借入 24 亿美元。

降息预期催生新套利机会！美联储可能放任硅谷银行危机期间融资工具明年到期

高盛集团 Goldman Sachs Emerging Markets Equity Insights Fund 于 7 月 31 日至 10 月 31 日期间建仓做多中远海运控股等 119 只股票。清仓百胜中国、三星 SDI 等 150 只股票。增持理想汽车、阿里巴巴、云南白药等 86 只股票。减持台积电、网易、美团、现代汽车等 79 只股票。重仓股包括腾讯控股、台积电、三星电子、阿里巴巴、起亚汽车。

高盛新兴市场证券洞察基金建仓中远海运控股，增持理想、阿里、云南白药，重仓腾讯和阿里

According to preliminary data from Mastercard, retail sales growth during this year's holiday season in the United States is significantly lower than the same period last year. Retail sales, excluding automobiles, increased by 3.1%, compared to 7.6% last year. Retail sales during the holiday season are an important indicator of the US economy.

The holiday season in the United States is not as hot this year! The growth rate of retail sales has slowed significantly compared to the same period last year.

According to data from Standard & Poor's Case-Shiller on Tuesday, housing prices in the country continued to rise in October, marking the ninth consecutive month of increases and setting a new record. This comes at a time when mortgage rates are at their highest level in over 20 years. Analysts believe that with the decline in mortgage rates and the Federal Reserve taking a slightly more accommodative stance, homeowners may see further appreciation in housing prices.

During the peak of US mortgage rates, an important housing price index has achieved the highest increase of the year.

比特币回落至 42000 美元/枚下方，日内跌 3.54%。以太坊向下触及 2200 美元/枚，日内跌 3.14%。

年化收益接近 6%！ 银行活期理财也在 “放大招”

加密数字货币信托 Grayscale 的董事会主席 Silbert 辞职。该公司正申请将比特币信托转化为交易所交易基金。美国证券交易委员会将比特币 ETF 的审批工作推迟至 2024 年。

加密数字货币信托 Grayscale 的董事会主席 Silbert 辞职

亚马逊计划明年开始在线销售汽车，消费者可在网站上搜索车型、颜色和功能，并选择付款方式和贷款方案，自主提车或要求送货上门。然而，亚马逊面临诸多挑战，如传统经销商的竞争和各地政府法规的遵守。亚马逊希望通过推出这项服务扩展到汽车以旧换新和二手车领域。调查数据显示，亚马逊在大件商品上的销售相对较少。此举将对传统汽车经销商带来影响。

不止卖现代！亚马逊明年要全面进军线上卖车

“蔚来一定要进入迈巴赫、宝马 7 系和帕拉梅拉等高端车型们把持的豪车市场。否则我们的利润、品牌天花板都会受限”。

李斌 “向上” 豪赌

赵长鹏是一位加密货币企业家，预计他的财富在 2023 年将增长 250 亿美元，达到超过 370 亿美元。这是他创立的币安同意向美国支付罚款的五倍多。尽管币安今年失去了一些市场份额，但仍从加密货币市场反弹中受益。赵长鹏还拥有一些比特币和 BNB，但他的财富距离 2022 年初的峰值还有差距。

赵长鹏的财富在 2023 年增长 250 亿美元 远高于币安支付给美国的罚款

Global Financial Hotspots in 2023: Banking Crisis, Liquidity Panic, Rise in US Treasury Yields, Approval of Bitcoin ETF, Active Tech Stocks, Growth in Weight Loss Industry, Decline in Global Inflation Rate, Bullish Performance of Japanese Stock Market.

Year-end Review: The Top 10 Global Financial Hotspots in 2023: A Year of Turmoil, Innovation, and Transformation

After a 65% plunge in 2022, Bitcoin has led the market in gains this year, soaring from $19,000 at the beginning of the year to $44,000 at the end, a surge of over 136%. This upward trend has been fueled by the potential approval of Bitcoin exchange-traded funds (ETFs) by US regulatory agencies and the dovish interest rate signals from the Federal Reserve. Bitcoin experienced several pullbacks to above $20,000 in the first half of the year but gradually regained lost ground. Although this year's rally has not been without its challenges, the outlook for next year remains optimistic.

Year-end Review: Bitcoin Survives Three Quarters of Downturn and Soars at the End of the Year

雷军发文就小米汽车技术发布会回答网友提问。雷军称，小米 SU7 正在试产爬坡阶段，正式上市还需要几个月时间。关于定价，还没有最终决定。不过，小米 SU7 确实有点贵，但请相信，我们做的是 “有理由的贵”，在体验上一定会超过大家预期。此外，雷军表示，小米 SU7 没有准确的对标车辆。在驾驶性等机械素质上，希望能媲美保时捷 Taycan Turbo；在智能化上，希望能媲美 Tesla Model S。

雷军：小米 SU7 正式上市还需几个月 定价未决定但 “确实有点贵”

AstraZeneca acquires Gracell Biotechnologies for $1.2 billion. Chinese biotech companies can also be sold as a whole to realize shareholder value.

$1.2 billion! The first Chinese biotech company to go public has been acquired | Insight Research

Analysts point out that 2024 will be the year of the explosive implementation of AI applications, which will drive the expansion of online advertising business and initiate a revolution in AI personal assistants...

Top 10 Internet Trends in 2024: Industries about to be transformed by AI

工信部公布《减免车辆购置税的新能源汽车车型目录》（第一批），两款小米 SU7 在列。

The ARKF fund managed by "Wood Sister" purchased a total of approximately 1.71 million shares of LY company stock last Thursday and Friday.

"Wood Sister" sets sights on Japanese stocks? Makes first move in over a year to buy Line

Some people don't want to have children, while others want to have children but can't.

The prospectus of AWE reveals how lucrative the surrogacy industry can be

美股利好消息源源不断！历史表明，仍有大量买盘有待完成，而这些买盘可能在未来几个月里支撑市场。而且，“市场上还有大量的现金流入空间”！

理解市场 | 为什么现在追逐美股上涨也不晚？

2023 年的最后一周，汽车行业将迎来一场年末混战。问界 M9、极氪 007、小米 SU7、小鹏 MPV 等新车相继上市，将改写人们对汽车行业的认知。各车企互相观察，竞争激烈。尽管理想 MEGA 缺席，但这轮新车阵势强大。问界 M9 被认为是流量秘密，可能会吞噬其他新车的声量。理想、小鹏等车企则担心华为的竞争。整个车市竞争异常激烈，各车企都在等待对方先出牌，以争取更多调整的空间。

汽车行业最颠覆的一周，就要来了

摩根士丹利发布新兴市场策略报告，认为有 8 大意外因素可能对新兴市场产生重大影响，包括主权信用债回报率下降、本币债表现优于美元债、资本流入回归、埃及债务重组、巴拿马铜矿危机、阿根廷债务回报率增加、沙特取消减产以及哥伦比亚比索危机等。摩根士丹利预计，随着全球央行降息和美国经济避免硬着陆，新兴市场将迎来一个好年景，但市场走势并非一帆风顺。

摩根士丹利：2024 年，全球新兴市场八大意外

Microsoft Xbox has partnered with digital human development company Inworld AI to develop a series of development tools that help game developers create AI-based NPC characters with better dialogue and interaction capabilities, thereby enhancing the immersion and experience of the game.

Injecting Soul into NPCs! Microsoft aims to change the way games are played with AI

过去七年中，圣诞行情从未缺席，今年看涨气氛同样热烈！但为何也需要警惕？小心 “1 月或 2 月市场在技术指标超买后再次出现调整”！

理解市场 | 美股今年圣诞行情有何不同？

作为香港四大家族之一，郑裕彤家族枭雄落幕、新生代崛起？！

郑裕彤家族投资版图一览！

国家外汇管理局青岛市分局工作人员介绍，地下钱庄从 “客户” 那里收取了人民币后，就去购买虚拟货币，再通过境外交易平台将虚拟货币卖出去，就可以获得他们所需要的外币资金。这个过程实现了人民币和外币的转换，这构成了非法买卖外汇的违法行为。

青岛破获特大地下钱庄案，涉案金额高达 158 亿元

中信证券持续看好苹果首款 MR 头显设备 Vision pro 的市场前景和投资机会！主因 Vision Pro 在硬件端展现了当前消费电子领域顶尖的参数水平，有望提供全面超越市面相关产品的硬件体验！

解读公司 | 为什么 Vision Pro 对苹果很关键？

亚洲股市交投清淡，部分市场休市，流动性减少。标普 500 指数连续第 8 周上涨，美国股指期货和国债合约变化不大。亚洲新兴货币上涨，美元下跌。华尔街投资者为 “圣诞老人行情” 做准备。油价企稳，红海航运中断成为焦点。股市、货币、加密货币、债券、大宗商品表现基本持平或有涨幅。总结：亚洲股市交投清淡，美国股市持续上涨，油价企稳，货币和加密货币有所波动，投资者关注 “圣诞老人行情”。

亚市早盘：亚洲股市交投清淡 油价持稳

Under the AI boom, the stock prices of the "Magnificent Seven Sisters" have soared, and it is expected to continue to grow next year. Experts believe that under the promotion of AI projects, tech giants such as Microsoft, Amazon, Alphabet-C, Meta, and NVIDIA will have more innovations and are expected to gain more profits by 2024. These stocks have outperformed the US stock market index, and the journey of AI leaders in the market has just begun.

With the support of the AI boom, the "Magnificent Seven Sisters" of the US stock market are expected to continue soaring in the next year.

首只道琼斯 ETF 发售！年内跨境 ETF 规模同比增 80%。鹏华道琼斯工业平均 ETF 成为国内首只跟踪道琼斯指数的 ETF，共有 107 只跨境 ETF，其中 28 只为新品，截至三季度末，跨境 ETF 规模同比增超 80%。道琼斯 ETF 的发行促进了国内资本市场对外开放，推动了跨境投资发展。

首只道琼斯 ETF 发售！年内跨境 ETF 规模已同比增 80%

When it comes to the trend of the US stock market in 2024, Wall Street investment banks are increasingly divided. On one hand, JPMorgan Chase warns investors to be cautious and sets a target price of 4200 points for the S&P 500 by the end of next year. On the other hand, Bank of America, Deutsche Bank, Goldman Sachs, and Citigroup are all bullish, predicting that it will surpass 5000 points.

Can the US stock market continue to rise in 2024? Goldman Sachs is "confident" that it will increase by at least 7%, while JPMorgan Chase "smirks" and predicts a decline of at least 10%.

ARK Innovation is not the best-performing ETF for Cathie Wood in 2023. Instead, this honor belongs to the ARK Next Generation Internet ETF, which has nearly doubled in value, surging by 102.68%.

The best-performing ETF under "Miss Wood" is not the flagship fund ARKK, but another one!

Apple may be banned from selling its latest Apple Watch Series 9 and Apple Watch Ultra 2 wearable devices in the United States due to a patent dispute involving blood oxygen functionality. The U.S. International Trade Commission has determined that these devices infringe on the patent rights of medical technology company Masimo. Currently, Apple is preparing to halt the sales of these new devices, but the specific ban timeline is yet to be determined.

Apple suffers a "Waterloo"! How does the ban on Apple Watch affect it?

新规意见稿与以往规定有何区别？为何对《王者荣耀》等大 DAU 类游戏影响较小？华泰证券表示，此次意见稿的目的是监管补位，建议投资者冷静等待政策落地。

理解市场 | 如何看待《游戏管理条例》意见稿？先冷静！

In 2024, Seeking Alpha analyst Sanjeev Sharma predicts that Pro UltrPro Shrt S&Pro 500 could reach a maximum of 6000 points. He predicts the stock market trend based on changes in wages, housing prices, gasoline prices, inflation, and interest rates, considering interest rates as the most important factor. He also analyzes the impact of population issues and election year fiscal spending on the economy in 2024. Based on the declining population trend in recent years, Sharma is concerned that a situation similar to Japan's may occur, but population growth in the southern border will continue to drive consumption-driven economic growth in the United States in the coming years. It is expected that in the election year of 2024, the government will actively spend to boost the economy. In addition, the Federal Reserve has slowed down the pace of wage growth. In summary, according to the analyst's forecast, Pro UltrPro Shrt S&Pro 500 is expected to rise by at least 10% in 2024.

Highest 6000 points? Analyst: SPDR S&P 500 could rise at least 10% by 2024

The estimated shipment of Vision Pro in 2024 is about 500,000 units, and it is expected to start mass shipments in the first week of January 2024. Apple is most likely to release Vision Pro at the end of January or the beginning of February.

Guo Mingchi: Estimated shipment of approximately 500,000 units for Vision Pro in 2024.

今年以来，人工智能（AI）的热潮席卷全球，但 AI 对话也会消耗大量水资源。AI 训练和运行大模型需要大量服务器，这些服务器会产生大量热量，需要水资源进行冷却。微软和谷歌等公司每年消耗数十亿加仑的水资源。预计到 2027 年，全球 AI 需求可能会消耗 66 亿立方米的水资源。欧盟计划提高相关的监管要求，要求公司披露用水情况。

和 ChatGPT 聊天费水？2027 年全球 AI 耗水或达 66 亿立方米

Intel may be split into five independent companies, including Mobileye, Altera, foundries, IMS nanomanufacturing, and product companies. Analysts expect the total value of each part to reach $68 per share, and Intel's stock price is expected to soar by 50%. The remaining value of Mobileye's holdings could be as high as $30 billion, and the value of the Programmable Solutions Group could reach $12 billion. The split plan will take effect on January 1, 2022, to streamline Intel's larger business. This move is expected to increase the value of each independent company.

Analyst: Intel is expected to eventually split, with the stock price expected to soar 50%.

美国银行警告，如果美联储在明年开始降息，可能会重新引发结构性通胀。尽管美国经济依旧强劲，房地产等多个领域甚至不受加息影响，但抵押贷款利率已经锁定在较低水平，房地产市场能够保持强劲增长。此外，紧张的劳动力市场、强劲的工资增长、政府支出和私人部门手中的现金储备也可能会让经济保持强于预期。尽管美联储四十年来最激进的加息周期有力抑制了通胀，但美国 CPI 三年年化增长率仍为 4.9%，物价水平高于六十年以来的高位水平。政府支出不受美联储影响，美联储加息并不能阻止政府增加支出。近 90% 的政府支出难以压缩，主要包括国防支出和净利息支出。目前政府手上有充足的财政资源，但能够进行产出性支出的方式不多。

提前降息，美联储会 “重燃” 通胀吗？

In 2024, Tesla is expected to have multiple catalysts, including the release of new models, advancements in autonomous driving technology, plans to build a factory in India, a rebound in profit margins, market response to the Cybertruck electric pickup, showcasing the potential of the Optimus robot at the AI Day event, and overall advantages in artificial intelligence. Tesla's market value is expected to surpass the combined market value of Toyota, Stellantis, Ferrari, Honda, General Motors, and Ford Motor. In the Chinese market, Tesla faces fierce competition, while in the United States, General Motors and Ford Motor have been slow in their transition to electric vehicles. Since 2023, Tesla has seen a growth of over 105%, making it a leader in the automotive manufacturing industry.

2024 could bring these catalysts for Tesla

金十数据 12 月 25 日讯，网传小红书或于明年下半年启动香港 IPO，小红书方面表示，公司目前暂无上市计划。

小红书：目前暂无上市计划

小红书计划在 2024 年下半年赴港上市，此前还将进行一轮融资。以上为公司的重要信息。

小红书或最快将于 2024 年下半年赴港上市

萨尔瓦多总统的比特币投资浮亏约 8%。现货比特币 ETF 获批或将带来超 700 亿美元资本流入。GBTC 转换为比特币现货 ETF 后，摩根大通预计将流出 27 亿美元资金。超过 1 年未活跃的比特币流通供应量比例达 70.35%，创历史新高。灰度 GBTC 负溢价率进一步收窄至 9.78%。Coinbase 的储备增加约 1.2 万枚 BTC，Binance 的储备减少 5000BTC。新加坡将于 2024 年起禁止保证金杠杆交易。韩国将于 2024 年邀请 10 万公民测试 CBDC。美 CFTC 拟继续追查违规加密交易所，接触美国客户是特权而非权力。SBF 与洪都拉斯前总统被关押在一起，向警卫提供加密投资建议。

每日数字货币动态汇总

The cryptocurrency market has rebounded this year, with Bitcoin rising by over 160% and its market value increasing by approximately $530 billion. Optimistic investors believe that US regulatory agencies will soon approve the trading of Bitcoin exchange-traded funds (ETFs), which will drive demand. Meanwhile, smaller tokens such as Solana and Dogecoin have also started to take off. Although the digital asset market still has its critics, Bitcoin has outperformed stocks and gold. The halving event expected in 2024 is projected to curb supply growth, providing support for Bitcoin and stimulating potential ETF demand.

Cryptocurrencies are making a comeback! Bitcoin has rebounded by 160% this year, and the market eagerly anticipates the impact of the demand for spot ETFs.

华尔街大行摩根士丹利与日本最大商业银行三菱日联合资公司的收入在 2022 财政年度达到历史新高，为 1202 亿日元。摩根士丹利日本 CEO 表示，他们有望成为日本第一大证券公司。随着日本经济复苏和日银政策转向，固收市场更加活跃，摩根士丹利的收入有望进一步增长。日本政府也在推动家庭进行更多投资，认为日本在各个业务领域都有很多机会。

华尔街开心了，大摩日本收入创纪录

金十数据 12 月 25 日讯，软银在提交给金融当局的一份文件中表示，该公司计划向散户投资者出售 1400 亿日元（9.8 亿美元）的债券。软银将这批 7 年期债券的利率暂定为 1% 至 1.6%，并将于 1 月 17 日确定相关条款。债券承销商包括大和证券和 SMBC 日兴证券。

软银将向散户投资者出售 1400 亿日元债券

据上证报，12 月 22 日，国家新闻出版署起草的《网络游戏管理办法（草案征求意见稿）》向社会公开征求意见，引发市场关切。仅一天后，国家新闻出版署有关负责人即进行了回应。专家表示，征求意见稿本意是促进游戏行业繁荣健康发展，而非抑制。针对市场关切的第十七条、第十八条以及其他内容，或有适应性修改。当前仅为意见稿并非终稿，后续应积极关注各方意见反馈、条文修改完善进展，以及最终落地力度，理性看待其影响，不必过度反应。

专家解读《网络游戏管理办法（草案征求意见稿）》：理性看待其影响 后续或有适应性修改

持仓分析显示，做空美元的做法越来越受欢迎。根据 CFTC 数据，对冲基金、资产管理公司和其他投机市场参与者在一周内加大了对美元的看跌押注，数量增加了逾 1 万份合约。此举是在美联储发出结束货币紧缩行动信号后，导致美元下挫。虽然合约数量增加，但合约的美元价值实际上有所下滑。此外，美国 11 月个人消费支出增长放缓，美联储预计明年将转向降息。瑞士法郎兑美元汇率升至 2015 年以来的最高水平。

持仓分析：做空美元越来越受欢迎！一周内狂增逾 1 万份看空合约

美国股市上周再创佳绩，因公布的数据进一步增强了华尔街对明年降息早而深的信念。圣诞节假期前的最后一个交易日清淡却震荡，标普 500 指数上周五最终小幅上涨 0.2%，周涨幅为 0.75%。该基准录得连续第八周上涨，创出逾五年来的最长纪录。

看图：标普指数创下逾 5 年来最长单周连涨纪录

小米首款汽车 SU7 的定价将决定其销量和品牌溢价。如果定价高于 20 万元，对小米汽车的品牌形象和定位有益，但首批米粉车主们可能觉得价格较贵。如果定价低于 20 万元，小米汽车将扮演价格杀手的角色，难以再提升品牌和价格。定价上的两难使小米汽车面临挑战。