U.S. stocks got off to a good start in the closing week of 2023, with the S&P Nasdaq rising three times in a rowThe S&P Dow is approaching all-time highs, the Nasdaq hit a new high in the past two years. The chip stock index rose 18% outperformed** and were approved to build factories in IsraelIntel rose more than 5%.
The U.S. dollar index is approaching a five-month low. Two-year Treasury yields generally recovered, with yields** falling after the announcement of strong bidding demand.
A new high for the monthIt rose more than 3% intraday。**Barely rose three times in a row, continuing to hit a new high for more than three weeks.
In the Chinese market, a number of Chinese concept stocks are strong**, and AstraZeneca plans to acquireGracell Biotech rose 60%.NetEase rose nearly 8% at one pointNIO surged nearly 11%.Li Auto rose nearly 4%.Tencent rose more than 3%.；The offshore yuan regained 7 at one point during the session14. Up more than 100 points. The Shanghai Composite Index fell below 2,900 points again, water affairs rose sharply, many stocks hit new highs, the "dragon generation" continued to be active, and chip stocks weakened.
Shanghai Stock ExchangeShenzhen Stock ExchangeBeijing Stock ExchangeThe market is closed on Chinese New Year's EveU.S. stocks: The Dow rose 043%, and the S&P 500 rose 042%, Nasdaq rose 054%。HuaweiThe strongest SUV on the surfaceQuestion M9, starting at 46980,000 yuan,Super 540,000 orders
The first sale of a biotech listed company in ChinaBirth,AstraZeneca$1.2 billion acquisitionGenerosity Biotech
FollowPinduoduoPace,will"Refund only" is supported.
Federal ReserveFunding instruments during the Silicon Valley Bank crisis expire next yearIt is not expected to be renewed
At the peak of U.S. mortgage rates, it is importantHouse price indexTronThe largest year-on-year increase of the year
USA this yearRetail sales during the holiday seasonThe growth rate was higher than the same period last yearNoticeably slowed down
Samsung has postponed production in the United StatesIsraelWelcome historyThe largest investment in a foreign companyIntel$25 billion to build a chip factory.
European stocks: On December 26, many European countries** continued to be closed.
A shares: The Shanghai Composite Index closed at 289888 points, down 068%。The Shenzhen Component Index closed at 915725 points, down 107%。The GEM index closed at 180850 points, down 126%。
Bond market: The yield on the benchmark US 10-year Treasury note fell 039 basis points, at 38911%。The two-year Treasury yield rose 247 basis points, at 43478%。
commodity:WTI closed up 2 in February01 US dollar, up 273% to 75$57 barrel. Brent closed up 2 in February$00, up 253% to 81$07 barrel. COMEX closed up 003% to 2069$80 oz.
Domestic macro
The market is closed on Chinese New Year's EveThe Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing Stock Exchange said that the market was closed on Chinese New Year's Eve. The market will be closed from February 9 (Friday) to February 17 (Saturday), 2024, and will be open as usual from February 19 (Monday). In addition, the market will be closed on Sunday, February 4 and Sunday, February 18. The person in charge of the relevant department of the China Securities Regulatory Commission said that this arrangement was based on three considerationsThe first is in line with national policies, the second is close to investors' investment practices, and the third is in line with market research results. This year, insurance capital contributed more than 100 billion yuan in GP. The market perceives that it is becoming more and more difficult to contribute long-term money such as insurance capitalHowever, from the data side, the scale of insurance capital contribution has increased instead of decreasingIn December alone, at least 5 insurance companies made a move, on the one hand, they joined hands with the industry to make a layout, and on the other hand, they reduced the proportion of blind pools. Domestic companies
Huawei revealed the strongest SUV on the surface of the M9, with a starting price of 46980,000 yuan, over 540,000 ordersCompared with the NIO ET9, which debuted for pre-sale of 800,000 yuan three days ago, Hongmeng Zhixing's first "9 series" has set a ** that is close to the people. Intelligence is still the biggest competitive advantage。Yu Chengdong announced that it will release an NCA to support urban roads across the country by the end of 2023. The all-powerful M9,Aspire to become "Hongmeng Cullinan".。The first sale of a listed biotech company in China was born, with AstraZeneca's US$1.2 billion acquisition of Gracell Biotech. Although it is called selling, it is not a derogatory term, for the Chinese biomedical industry in the cold winter, this should be called a pioneering initiative, and Chinese biotech companies can also be the best as a wholeRealize shareholder value。Following in Pinduoduo's footsteps, "refund-only" will be supported. *It's not just imitationInstead, it will make corresponding adjustments on the basis of "refund only", and will combine product quality information and consumer integrity models to determine that there are problems with product quality and are not suitable for return, and high-credit users support fast refunds. Overseas macro
The Federal Reserve's financing facility during the Silicon Valley Bank crisis expires next year and is not expected to be renewed. According to the analysis,Expectations of interest rate cuts have created new arbitrage opportunitiesBanks borrowed a record $131 billion from the Bank's Term Financing Program (BTFP) last week and borrowed only $2.4 billion through the discount window. The Federal Reserve** will allow the BTFP to expire in March next year as planned. At the peak of U.S. mortgage rates, the major home price index recorded the largest year-on-year increase this year. The S&P Case Shiller National Home Price Index in October was **48%, the ninth consecutive month** and a new record. With mortgage rates falling and the Federal Reserve taking a slightly accommodative stance, the analysis saidIt is likely to see more house price appreciation。The growth rate of retail sales in the United States this year's holiday season slowed significantly from the same period last year. Preliminary data from Mastercard shows that retail sales of cars are not included in the U.S. holiday season this yearA year-on-year increase of 31%, last year it was 76%。Overseas companies
Samsung has postponed production in the United StatesFollowing TSMC, Samsung also announced that it would postpone the start of production at its chip factory in Texas, USAIt dealt a blow to Biden's plan to revitalize the local semiconductor industry chain。Israel welcomes the largest foreign investment in history, Intel's $25 billion chip factory. Intel will receive an investment of 128 per cent, or $3.2 billion. Israel's Ministry of Finance saidThis is an important vote of confidence in the Israeli economy. The global banking industry has laid off more than 60,000 employees this year, the largest since the financial crisis. Analysts believe that the banking sector lacks stability and growth momentum in the futureFurther layoffs are expected to become a megatrend。Goldman Sachs Emerging Markets Insights**Rebalancing Medium:Significantly increased holdings of Alibaba, Ideal, NetEase, and Tencent rose to the number one heavy position。In the three months to the end of October, the company's Alibaba shareholding increased by 65%, Ideal increased by nearly 30 times, and Yunnan Baiyao's shareholding increased by more than 9 timesTSMC's shareholding decreased by 22%, and its market value fell to the second largest heavy stock, and NetEase was **76%;Clearance Yum China;2.13 million new shares were acquired by Saudi Aramco, 12.2 million shares by China COSCO, and 11.6 million shares by CSPC Pharmaceutical Group. Citi looks ahead to the top 10 global Internet trends in 2024, and Citi pointed out that generative AI will empower the development of the industryEspecially in vertical industries such as advertising, e-commerce and tourismAt the same time, it summarizes the top ten Internet trends in 2024: **Advertising expansion, AI assistant revolution starts, e-commerce business share increases, ride-sharing and delivery services open up new scenarios, **tourism sales efficiency improvement, cloud business demand recovery, real estate in the United States**, normalization of automobiles**, profit expansion, and stricter regulatory review. It is expected that the profit margin of the Internet industry will increase by 3% year-on-year next year4%, revenue increased by 125%。1、Ultra HD**|According to ** report, on December 25, the State Administration of Radio and Television approved the establishment of the "Key Laboratory of UHD Technology Innovation and Application of the State Administration of Radio and Television" in Huawei Technologies. The laboratory should focus on the ultra-high-definition industry chain, carry out key basic technological innovation and application demonstration of the whole chain in the fields of content production, transmission and distribution, and terminal presentation, so as to provide important technical support for promoting the upgrading of the end-to-end industrial chain of ultra-high-definition and promoting the research and development and industrial application of ultra-high-definition original technology.
Comments: At present, China attaches great importance to the ultra-high-definition industry, and the state and local governments have intensively introduced plans and policies around ultra-high-definition. Recently, the Ministry of Industry and Information Technology and other seven departments jointly issued the "Guiding Opinions on Accelerating the High-quality Development of the Audio-visual Electronics Industry", which proposes to implement the 4K 8K ultra-high-definition household action, accelerate the mature implementation of 4K 8K ultra-high-definition technology, and encourage 4K 8K TVs, projectors, laser TVs, high-quality audio, virtual reality terminals, naked-eye 3D display terminals and other products to enter the home. According to the China Business Industry Research Institute, the scale of China's ultra-high-definition industry will reach 4 trillion yuan by 2023 and will further increase to 5 trillion yuan in 2025. In the context of the integrated development of 5G and ultra-high-definition, the demand for downstream applications is expected to explode, and the prospect of the ultra-high-definition industry is considerable.
Cross-border e-commerce|In the run-up to Christmas this year, the number of packages shipped to U.S. customers by the fast-fashion company Shein and Pinduoduo's cross-border e-commerce platform Temu reportedly surged, almost on par with several well-known U.S. retailers. According to Shipmatrix, a parcel shipping consultancy, the two fast-growing shopping platforms ship an average of about 1 million packages per day in the United States. While this number is still a small percentage of the total number of packages shipped in the U.S. each day, it is growing rapidly. Temu and SHEIN already deliver more than twice as many packages per day to U.S. customers as TV shopping networks,** retailers QVC and HSN.
Comments: Since the beginning of this year, the two major cross-border e-commerce platforms of TEMU and SHEIN have risen rapidly. Previously, Nikkei Chinese reported that the U.S. users of the two major e-commerce platforms, temu and shein, increased sharply, and the total number of users of the two apps increased to about 1 in October100 million people, an increase of 4 times in 1 year, approaching 9% of the largest platform Amazon in the United States. According to a survey report by an authoritative consulting company in the United States, SHEIN ranked fourth in the "Top 10 Fastest Growing Brands in 2023", becoming the only Chinese brand selected for the above list. With the growing demand of global consumers for cross-border goods, the cross-border e-commerce market space will continue to expand, and Temu and SHEIN hope to gain a larger market share with the support of independent ** chain and cost advantages.
Huawei HarmonyOS|According to Huawei, in addition to the mobile phone HarmonyOS, the PC side of the HarmonyOS operating system is close to completion. Previously, Orange Pie announced that the orange pios(OH) customized research and development based on OpenHarmony will be released soon, and it will be the first to launch the open source HarmonyOS system on the PC side, which has been adapted to the main functions of the system and can meet the basic office and entertainment needs.
At the 2023 Huawei Developer Conference, Huawei released Harmony OS4 and announced that as of July 2023, the number of Harmony OS devices has exceeded 700 million, and 2.2 million Harmony OS developers have invested in HarmonyOS development.
Comments: Open Source ** pointed out that Yiou Think Tank expects that the shipment of China's PC market is expected to exceed 50 million units in 2024. According to the procurement network, the purchase unit price of Microsoft Windows, Kirin, and UnionTech UOS operating systems is about 500 yuan, according to which it is estimated that the potential market space of the domestic PC operating system is 10 billion yuan, which is expected to give birth to the broad growth prospects of Hongmeng OS.
Satellite Internet|At 11:26 on December 26, China successfully launched the first Beidou navigation satellite with the Long March-3B carrier rocket and the upper stage of Yuanzheng-1 at the Xichang Satellite Launch Center. This group of satellites is a medium circle earth orbit satellite (MEO satellite), which is the first group of MEO satellites launched after the completion and opening of China's Beidou-3 global satellite navigation system. On the same day, Huawei released the nova 12 Pro Ultra mobile phone to support satellite communication two-way Beidou message.
Comments: Minsheng ** believes that the Beidou system has joined the ICAO standard, which will effectively promote the follow-up Beidou application services on a global scale. Satellite navigation systems have a large market demand in consumer applications, road traffic, aviation, agriculture and other fields. In addition to upstream chips, plates, modules, antennas and other components, midstream vehicle mobile terminals, system integration, receivers and other fields will also be the key areas of industrial development.
Computing power|According to reports, recently, the National Development and Reform Commission, the National Data Bureau, the Cyberspace Administration of China, the Ministry of Industry and Information Technology, and the National Energy Administration jointly issued the "Implementation Opinions on the In-depth Implementation of the "Eastern Data and Western Computing" Project to Accelerate the Construction of a National Integrated Computing Network. The "Implementation Opinions" proposes that by the end of 2025, a comprehensive computing infrastructure system will take shape. The ease of use of various computing power by users has been significantly improved, the cost has been significantly reduced, and the network transmission cost between national hub nodes has been greatly reducedThe key core technologies of the computing network are basically safe and reliable, and the high-quality development pattern of the computing power network characterized by networking, inclusiveness, and greening has gradually taken shape.
Comments: With the rapid development of artificial intelligence, big data and other technologies, the demand for computing power will continue to grow, and the scale of the computing power industry will continue to expand. At the same time, with the popularization of cloud computing, edge computing and other technologies, computing power will be more distributed, and more devices will need computing power support, which will further promote the growth of the computing power industry. In addition, with the continuous development of technologies such as 5G and the Internet of Things, the computing industry will usher in more application scenarios and business opportunities, which will further promote the development of the computing industry.
Starlight|On December 26, Huawei held a winter all-scenario press conference and officially released the Huawei MatePad Pro 132-inch Collector's Edition, Huawei MatePad Pro 132-inch Starlight Set, Huawei MatePadPro 11-inch StarLight Set, and simultaneously bring the industry's first Starlight keyboard Huawei Smart Magnetic Keyboard (StarLight Edition).
Comments: Thanks to the support of Starlight technology, these products have jointly built an efficient ecosystem optimized around Starlight technology, ensuring a high-speed and stable user experience, and with Huawei Hongmeng's professional productivity, it will undoubtedly bring a new leap to users' office and creation. Overall, the construction of a full range of Starlight ecosystems not only demonstrates Huawei's leading strength in technological innovation and product ecosystem layout, but also provides new industry ideas for building intelligent and integrated future office creation scenarios.
The profits of China's industrial enterprises above designated size in November increased year-on-year
The first China Short Drama Globalization Summit was held in Beijing.
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