Core Viewpoint - China COSCO Shipping Development Co., Ltd. plans to engage in currency financial derivatives to manage interest rate and exchange rate risks, with a trading limit of USD 2.3 billion and RMB 1.8 billion for the year 2026 [1] Group 1: Financial Derivative Business - The company’s subsidiaries will conduct financial derivative transactions including interest rate swaps and foreign exchange forwards to mitigate risks associated with currency fluctuations and interest rate volatility [1] - The trading period for the specified limits is from February 13, 2026, to December 31, 2026, with the scale of financial derivative activities not exceeding the stated limits [1] - The company has a net asset exposure in USD, and foreign exchange forward transactions will effectively control risks arising from exchange rate fluctuations [1] Group 2: Risk Management Strategy - The company aims to convert floating rate loans into fixed rate loans through interest rate swap transactions to manage market risks related to interest rate fluctuations [1] - The transactions are backed by genuine business needs and reasonable funding arrangements, ensuring that the hedging instruments meet effectiveness criteria in terms of economic relationship, hedging ratio, and timing [1] - The fair value or cash flow changes of the hedging instruments are expected to offset the changes in fair value or cash flows of the hedged items, achieving the goal of hedging [1]

Core Viewpoint - Yum China (09987) announced the grant of equity incentives under its 2022 Long-Term Incentive Plan, which includes stock appreciation rights, restricted stock units, and performance stock units [1] Group 1: Equity Incentives - The company granted a total of 190,046 stock appreciation rights, 477,790 restricted stock units, and 305,204 performance stock units to several grantees [1] - On the grant date, the company awarded 86 shares to Mr. Wei Zhe as part of his compensation for serving on the Nominating and Governance Committee from December 2025 to May 2026, calculated on a pro-rata basis [1]

Group 1 - The company Yum China (09987) announced a share buyback plan on February 13, 2026, involving an expenditure of approximately $3 million to repurchase 54,600 shares at a price range of $54.33 to $55.37 per share [1] - On the same date, the company also spent about HKD 7.7082 million to buy back 17,900 shares at a price range of HKD 427.2 to HKD 438.8 per share [1]

广州农商银行(01551)发布公告，近日，本行收到国家金融监督管理总局广东监管局的批复，国家金融 监督管理总局广东监管局已核准朱桂龙先生(朱先生)任本行独立董事，任期自2026年2月14日起至本行 第四届董事会任期届满为止，任期届满后可以连选连任。 ...

2月15日，香港财政司司长陈茂波发表网志称，香港的农历新年气氛浓厚，糅合了传统与现代的特色， 也有不少盛事活动和表演，让市民有丰富精彩的选择，更吸引到不少旅客到来体验。今年以来，旅客数 字持续增加，从1月1日到上周五访港旅客人次达723万，比去年同期增加9.6%，当中海外旅客更显著增 加16.4%。春节黄金周假期期间，预计访港的内地旅客量将有143万人次，日均访客人数料按年上升约 6%。 蹄声报喜传千里，马到功成贺丰年!在送蛇迎马之际，祝大家马年大吉、身体健康、万事如意、花开富 贵、家肥屋润! 2026年2月15日 跟一些年宵摊档商户聊天时，他们都说今年气氛比去年好。此外，也有多个分别由大学生和中学生承投 的摊位，这些年青人各自创作了多款以马年为主题的产品和贺年潮语，应节又有趣，突显出他们敏锐的 时代感和创意。从暖杯到抱枕，从创意摆设到即席挥毫的挥春，他们的作品不单外观趣致吸引，也很注 重情感共鸣，让大家买得开心。年青人实在是创意无限! 香港的农历新年气氛浓厚，糅合了传统与现代的特色，也有不少盛事活动和表演，让市民有丰富精彩的 选择，更吸引到不少旅客到来体验。今年以来，旅客数字持续增加，从1月1日到上周五访港 ...

Core Insights - Morgan Stanley's Q4 holdings report indicates a strategy focused on maintaining core technology positions, reducing index exposure, and enhancing active selection capabilities [1] Group 1: Overall Holdings - Morgan Stanley's total holdings value for Q4 reached $1.67 trillion, a 1.2% increase from $1.65 trillion in the previous quarter [1] - The fund added 454 new stocks, increased positions in 4,007 stocks, reduced positions in 3,028 stocks, and completely exited 415 stocks [1] - The top ten holdings accounted for 22.15% of the total portfolio value [1] Group 2: Major Holdings - Apple (AAPL.US) became the largest holding with an increase of approximately 1.38 million shares [1] - Nvidia (NVDA.US) remained the second-largest holding with an increase of nearly 780,000 shares [1] - Microsoft (MSFT.US) dropped from first to third place but still saw an increase of about 980,000 shares [1] - Google Class A (GOOGL.US) was reduced by approximately 150,000 shares, while Google Class C (GOOG.US) was increased by 1.13 million shares, indicating a shift in stock type optimization [1] - Amazon (AMZN.US) was reduced by about 1.28 million shares, ranking fifth [1] Group 3: Sector Adjustments - In the technology sector, Meta (META.US) saw an increase of about 820,000 shares, while Tesla (TSLA.US) was reduced by 360,000 shares [2] - AMD (AMD.US) was reduced by 5.02 million shares, and Palantir (PLTR.US) was reduced by 103,000 shares [2] - Defensive and high-dividend sectors, such as healthcare and consumer staples, saw reductions in holdings, including Johnson & Johnson (JNJ.US), AbbVie (ABBV.US), and Walmart (WMT.US) [2][3] Group 4: New Positions and ETF Strategy - Morgan Stanley increased positions in JPMorgan (JPM.US), Uber (UBER.US), and gold ETF (GLD.US) [4] - New investments included Medline (MDLN.US), Total (TTE.US), Qnity Electronics (Q.US), Solstice (SOLS.US), and Dream Dragon (MICC.US) [4] - The decline in ETF positions suggests a preference for individual stock selection to achieve excess returns rather than relying on broad index exposure [5]

(相关资料图) 智通财经APP讯，长风药业(02652)发布公告，于2026年2月13日斥资96.25万港元回购2.75万股。 ...

Group 1 - The China Securities Regulatory Commission has issued a notice regarding the overseas issuance and domestic unlisted shares "full circulation" registration for Shenzhen Haijing Zhiyuan Technology Co., Ltd, which plans to issue up to 139,835,000 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange [1] - A total of 23 shareholders intend to convert their combined 670,981,440 domestic unlisted shares into overseas listed shares for trading on the Hong Kong Stock Exchange [1] Group 2 - Haijing Zhiyuan submitted its prospectus to the Hong Kong Stock Exchange on August 6, 2025, with joint sponsors being Minyin Capital and Puyin International [3] - The company has established a comprehensive product and service portfolio covering multi-spectral AI modules, multi-spectral AI perception terminals, and multi-spectral AI large model services, with expertise in AI, optical electronics, integrated circuits, embedded systems, security engineering, and cloud computing [3] - According to a report by Frost & Sullivan, Haijing Zhiyuan ranks first in China's multi-spectral AI industry by revenue with a market share of approximately 3.5%, ranks third in the embedded multi-spectral AI module industry with a market share of about 6.6%, and ranks first in the multi-spectral AI large model services industry with a market share of approximately 11.8% [3]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice regarding the overseas issuance and listing of shares for Shanghai Goraili Software Co., Ltd., allowing the company to issue up to 11,500,000 overseas listed ordinary shares on the Hong Kong Stock Exchange and enabling 22 shareholders to convert a total of 60,676,136 unlisted domestic shares into overseas listed shares for circulation on the same exchange [1]. Group 1 - The company plans to issue a maximum of 11,500,000 overseas listed ordinary shares [1]. - A total of 22 shareholders will convert 60,676,136 unlisted domestic shares into overseas listed shares [1]. - The shares will be listed and traded on the Hong Kong Stock Exchange [1]. Group 2 - The list of shareholders and the number of shares they are converting includes significant stakeholders such as Sun Zhiyan with 18,212,846 shares and Shanghai Xinxiang Investment Management Partnership with 8,652,532 shares [4]. - Other notable shareholders include Jiang Zhi with 3,897,537 shares and Hangzhou Hikvision Equity Investment Fund with 3,417,524 shares [4]. - The total number of shares converted by all shareholders amounts to 60,676,136 [4].

Group 1 - The China Securities Regulatory Commission has issued a notice regarding the overseas issuance and listing of shares for Panjie Electronics Technology (Jiangsu) Co., Ltd., allowing the company to issue up to 82,203,000 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange [1] - A total of 47 shareholders of Panjie Electronics plan to convert their combined 325,634,820 shares of unlisted domestic shares into overseas listed shares for trading on the Hong Kong Stock Exchange [1] Group 2 - Panjie Electronics submitted its prospectus to the Hong Kong Stock Exchange in September 2025, with CICC and Guotai Junan International serving as joint sponsors [3] - The company is a global leader and pioneer in the wireless sensor SoC (System on Chip) field, focusing on providing innovative sensor chips [3] - According to a Frost & Sullivan report, Panjie Electronics is the third largest automotive wireless sensor SoC company globally and the largest in China, based on projected revenue for 2024 [3] - Since 2021, Panjie Electronics has successfully applied its innovative solutions in high-growth verticals such as energy storage and industrial electronics, providing a new generation of functionalities in these fields [3]