The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Express News | The National Publishing Administration is formulating a plan for leading technology innovation in online publishing to enhance the role of the gaming industry in serving technology innovation.
Express News | This year, the actual sales revenue of the domestic game market exceeds 300 billion yuan.
On December 12, a share repurchase took place | TENCENT, HSBC Holdings and others have repurchased shares, among which TENCENT spent 0.704 billion HKD.
According to a disclosure by HKEX on December 13, both TENCENT (00700.HK) and HSBC Holdings (00005.HK) repurchased shares. ① TENCENT (00700.HK) repurchased 1.69 million ordinary shares on December 12, involving an amount of 0.704 billion Hong Kong dollars, with the repurchase price ranging from 422.4 Hong Kong dollars to 409.8 Hong Kong dollars per share. Since the share buyback authorization resolution, the cumulative number of repurchased securities amounts to 0.212 billion shares, accounting for 2.256% of the total number of shares issued when the ordinary resolution was passed. ② HSBC Holdings (00005.HK)
Express News | The transformation and upgrading of Internet Plus-Related platforms has entered a critical period.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Express News | The Central Economic Work Conference states that a moderately loose MMF policy should be implemented, with timely reductions in reserve requirements and interest rates, to maintain ample liquidity.
Express News | Central Economic Work Conference: There will be a more proactive fiscal policy, increasing the fiscal deficit ratio.
Express News | Central Economic Work Conference: Implement a more proactive macro policy, expand domestic demand, promote the integration of technological innovation and industrial innovation development, and stabilize the property and stock markets.
U.S. stocks fluctuate | Bilibili pre-market rises about 3% continuing to buy back shares.
On December 12, Guolonghui reported that Bilibili's stock rose by 4% today, which led to Bilibili (BILI.US) increasing by 2.77% in Pre-Market Trading. In terms of news, the company spent another $0.8431 million to repurchase 0.0423 million shares yesterday, with a repurchase price per share of $19.79 - $19.99, having repurchased shares multiple times this month. Additionally, China Merchants is Bullish on the company's accelerated commercialization and improved profitability. (Guolonghui)
After 14 years, returning to "moderately loose" monetary policy invigorates Assets in China! How to layout next?
On December 9, the Political Bureau of the Central Committee of the Communist Party of China held a meeting. The meeting emphasized the importance of economic work for next year and clearly proposed to 'stabilize the real estate and stock markets', 'implement a more proactive fiscal policy and moderately accommodative monetary policy', 'strengthen extraordinary counter-cyclical adjustments', and 'effectively combine policies'.
Bilibili-W (09626.HK) spent 0.8431 million USD on December 11 to repurchase 0.0423 million shares.
Gelonghui announced on December 12 that Bilibili-W (09626.HK) stated that on December 11, 2024, the company spent 0.8431 million USD to repurchase 0.0423 million shares, with a repurchase price per share of 19.79-19.99 USD.
Hong Kong stocks trend | Network Technology stocks rose broadly in the morning, a key meeting boosted expectations for increased domestic demand, and the Sector's performance is expected to benefit significantly from macroeconomic improvements.
Network Technology stocks rose across the board in the morning session. As of this report, Bilibili-W (09626) is up 5.6%, priced at 164.1 HKD; TRIP.COM-S (09961) is up 4.99%, priced at 589.5 HKD; Baidu Group-SW (09888) is up 4.04%, priced at 88.95 HKD; Tencent (00700) is up 2.83%, priced at 421.4 HKD; MEITUAN-W (03690) is up 1.5%, priced at 169.5 HKD.
Express News | U.S. stocks night trading: China's asset ETFs and Chinese concept stocks are rising, YINN increased by nearly 5%.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
Shares of US-listed Chinese Stocks Are Trading Lower, Possibly Continuing to Fall Following Weak Import Data.
Quick view of the Hong Kong market | All three major indexes fell, with the tech index dropping over 1%; tech stocks and Insurance stocks weakened, Bilibili fell more than 5%; FOSUN TOURISM resumed trading and rose by 80%.
Network Technology stocks fell broadly, JD-SW fell by 2.80%, MEITUAN-W fell by 2.79%; Digital Health stocks declined, ZA ONLINE fell by 1.85%, MediChina fell by 1.41%; Real Estate Developers' stocks also fell, SUNAC rose by 5.36%, SHK PPT fell by 2.55%;
Hong Kong Stock Market Afternoon Review | The three major Indexes showed mixed results, with Gold and Medical Devices stocks rising, Siasun Robot&Automation surged over 24%, and ZHAOJIN MINING increased by over 5%.
Network Technology stocks declined, with Bilibili-W falling by 2.93% and SenseTime-W dropping by 1.25%; Golden Industrial Concept stocks strengthened, as LINGBAO GOLD rose by 6.18% and ZHAOJIN MINING increased by 5.47%; Insurance stocks decreased, with China Pacific Insurance down by 2.08% and New China Life Insurance falling by 1.34%;
GTJA: The Chinese stock market has bottomed out, conditions for a 'transformation bull market' are forming. Bullish on Hong Kong stock internet.
GTJA Chief Analyst Fang Yi stated that the bottom of the China stock market has already appeared, and the conditions for a "transformation bull market" are beginning to form. He pointed out that first, after a long period of continuous adjustment, the clearing of pessimistic expectations and micro-structure is a prerequisite for the stock market to have valuation elasticity; secondly, the active shift in attitude from decision-makers to reverse the economic situation and support the Capital Markets is an important cornerstone for adjusting long-term expectations, getting rid of the "bear market mentality," and pushing the stock market's bottom higher; third, reforms in the Capital Markets improve Shareholder returns, while resolving debt, promoting reform, and stabilizing Asset prices, are expected to constitute China's new "three arrows" for economic development, leading to a transition in the China stock market.
The "Great Debate on Algorithms": Criticizing good and evil is easy, but winning the competition is very difficult.
Introduction: Man, the tool-making animal. The ability of humans to create and use tools is one of the key differences between humans and other animals. From simple stone tools to complex machines and Electric Appliances, the evolution of tools reflects the progress of human society and the development of Technology. Entering the digital age, algorithms, with their intangible power, subtly reshape our ways of information acquisition, Consumer habits, and even social patterns. However, with the widespread application of algorithms across various fields of society, the controversies and doubts they provoke also follow closely. Discussing the good and evil of algorithms is meaningless; algorithms are merely tools, and one would discuss.