1. 最近拟披露财报发布日 腾讯控股（00700.HK）将于2025年8月13日公布2025年二季报。 2. 腾讯控股第二季度业绩预期怎么样？ 截至2025年06月23日，根据朝阳永续季度业绩前瞻数据： 预测营业收入1773.00~1821.19亿元人民币（下同），同比增长10.0%~13.0%；预测净利润461.00~564.14 亿元，同比变动-3.2%~18.4%；预测经调整净利润594.00~661.00亿元，同比增长3.6%~15.3%。 关注后续财报数据披露后能否超预期，朝阳永续港股季度业绩数据将为投资者提供业绩鉴定。 3. 腾讯控股最新卖方观点 国海证券认为：腾讯控股2025年第一季度财报显示，公司营收和利润均实现增长。营收达到1800亿元， 同比增长13%，营业利润和归母净利润分别增长10%和14%。微信月活跃用户数持续增长，达到14.02 亿。增值业务中，游戏收入同比增长24%，腾讯视频付费会员数同比增长1%，TME在线音乐订阅收入 同比增长17%。营销服务业务同比增长20%，金融科技及企业服务收入同比增长5%。公司资本开支同比 增长91%，AI技术在广告、游戏和云业务中发挥重要作用。 | ...

此外，在市场配置方面，高盛维持对A股和港股的超配建议，预计沪深300目标点位为4600点，MSCI中 国指数的目标点位为84点，对应约10%的上行空间。行业方面，付思表示，高盛持续看好消费、银行、 房地产等对政策宽松敏感的行业。其中包括，消费相关的互联网消费服务，以及受益于政府消费的医疗 器械领域等。 她还观察到，本轮港股IPO热潮的基石投资者中，海外主权基金、养老金等长线投资者的参与度有所提 高。"它们的参与比例比之前要高，因为这轮赴港上市企业质地不错，吸引了一些长线资金参与。"付思 说。 整体而言，高盛认为，全球主流资金对中国资产的关注度显著升温。"我们明显感觉到，海外投资者对 中国市场的兴趣有所回暖，这从过去两个月我们的电话会、客户需求反馈等可以看出。"付思说。 在此背景下，高盛在近期提出了中国上市民企"十强新贵"概念，组成包括腾讯、阿里巴巴、小米、比亚 迪、美团、网易、美的、恒瑞医药、携程和安踏。 整体来看，这10家企业均为港股上市企业，多家是科技、消费、医药龙头。数据显示，目前，这10家公 司总市值达1.6万亿美元，在MSCI中国指数中的权重占42%。高盛预计，未来两年，这些企业盈利年均 复合增速将 ...

Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, with a total net buy of 95.74 billion HKD on June 25, 2023, indicating strong investor interest in certain stocks while others faced net sell-offs [1]. Group 1: Net Buy and Sell Highlights - The stocks with the highest net buy were Guotai Junan International (01788) with 16.61 billion HKD, SMIC (00981) with 14.24 billion HKD, and China Construction Bank (00939) with 8.92 billion HKD [6][7]. - The stocks with the highest net sell were Tencent (00700) with 5.51 billion HKD, Alibaba-W (09988) with 4.6 billion HKD, and Xiaomi Group-W (01810) with 3.06 billion HKD [8]. Group 2: Company-Specific Developments - Guotai Junan International received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services, marking a significant step for traditional Chinese financial institutions in the virtual asset space [6]. - SMIC's net buy was influenced by potential tightening of semiconductor technology exemptions by the U.S., which could benefit local wafer foundries in China [6]. - China Construction Bank's attractiveness is supported by its high dividend yield of over 5.5%, as noted by Changjiang Securities [7]. - Bubble Mart (09992) saw a net buy of 6511 million HKD, attributed to improved supply chain capabilities and a healthier operational model [8].

南向资金今日净买入约96亿港元 国泰君安国际获净买入居前 智通财经6月25日电，南向资金今日净买入95.74亿港元。其中，国泰君安国际、中芯国际分别获净买入 约16.62亿港元、14.25亿港元；腾讯控股遭净卖出约5.52亿港元。 ...

6月25日，腾讯方面表示，在高考志愿咨询服务场景，腾讯元宝已经回答了超过3000万个高考志愿相关 问题，平均输出1000字以上的深度报考建议，把专家级同款分析方法论免费带给考生，解答个性化志愿 问题。（全天候科技） ...

深圳资本市场近日迎来重大政策突破。据权威渠道披露，中共中央办公厅、国务院办公厅印发的《关于深入推进深圳综合改革试点深化改革创新扩大开放的 意见》明确提出"允许在香港联合交易所上市的粤港澳大湾区企业，按照政策规定在深圳证券交易所上市"。这一举措被视为粤港澳大湾区金融协同发展的里 程碑，标志着红筹股二次上市试点即将在深圳破冰。 制度创新直击行业痛点。长期以来，红筹股回归面临股权架构复杂、两地监管规则差异等障碍。此次试点通过发行存托凭证（CDR）等方式，为境外注册 企业提供回归路径。南开大学金融学教授田利辉建议，需建立深港交易所信息共享机制，推动会计准则、信息披露衔接，并设立"港股回归服务中心"提供一 站式服务。安永大中华区审计服务市场联席主管合伙人汤哲辉则提出，可参考"A股到H股"绿色通道模式，对满足特定条件的企业缩短审核周期。 政策红利释放多重效应。对深圳而言，试点将强化其作为产业金融中心的地位，推动"香港国际金融中心+深圳产业金融中心"协同发展。对资本市场而言， 红筹股回归将提升A股科技含量，优化市场结构。数据显示，2025年上半年港股IPO筹资额占全球总筹资额的24%，与A股合计占比达33%，大湾区已成为全 ...

2.1美国ETF资金：标普500 ETF规模差距持续扩大 1. 美国ETF创新产品：Roundhill发行周度分红系列产品 上周美国共14只新发产品，Roundhill发行周度分红系列产品： 上周一，Tortoise将一只场外能源基金转型为ETF，该产品同时投资于能源相关企业的股票和债券，重点关注能源基础 设施公司，包括新能源、能源科技企业，产品也有可能使用期权策略来增厚收益，整体收益产生方式较为灵活。 Global X上周发行一只公司债ETF，该产品使用了Wealthspot的量化模型和深度神经网络，先通过行业、久期、评级 等将相似债券分组，然后结合趋势、基本面等不同因子对债券进行打分。 Nicholas上周一发行一只数字货币相关产品，投资于数字货币相关的股票以及对应股票的期权、ETF等，希望同时带 来资本增值和现金流收益。 Roundhill上周发行一系列周度杠杆+分红ETF，分别挂钩Meta、Netflix、亚马逊、伯克希尔和Robinhood，提供各股 票周度收益的1.2倍收益，同时采用周度分红的模式运作，该系列目前已有合计10只产品。 Rainwater Equity 上周发行首只ETF产品，主要投 ...

Core Insights - Zhang Lei, a prominent figure in Chinese investment, has distanced himself from the spotlight in recent years despite his past successes and the acclaim for his value investment philosophy [1][5][29] - Hillhouse Capital, founded by Zhang Lei, has made significant investments across various sectors, including traditional industries and the internet, with notable successes in companies like Tencent and JD.com [2][18] - However, Hillhouse has faced scrutiny and challenges in the secondary market, with some high-profile investments resulting in substantial losses, particularly in Longi Green Energy and Gree Electric Appliances [3][4][30] Group 1: Investment Journey - Zhang Lei's journey from a small-town boy to the head of Asia's largest private equity fund is marked by both hard work and fortunate opportunities, including a pivotal internship at Yale [7][8] - Hillhouse Capital was established in 2005, initially funded by a $20 million investment from Yale's endowment fund, which was later increased by an additional $10 million due to the team's strong performance [9][10] - The first major investment by Hillhouse was in Tencent, which yielded an impressive return of approximately 800 times by 2020 [12][13][15] Group 2: Market Challenges - Since 2020, global capital markets have cooled significantly, impacting Hillhouse's performance as it shifted focus from internet investments to physical sectors [20][23] - The investment in Longi Green Energy has been particularly painful, with a nearly 80% loss on a $158.41 billion investment made at a high price [25][28] - The investment in Gree Electric Appliances has also been tumultuous, with initial losses of over 120 billion yuan, although recent recovery has reduced the loss to approximately 3.4 billion yuan [30][31] Group 3: Strategic Shifts - Hillhouse has diversified its investment strategy, moving from a focus on internet companies to sectors like innovative pharmaceuticals and advanced manufacturing [17][41] - The firm has seen some success in IPOs during the capital downturn, with notable exits in the smart driving and consumer electronics sectors [38][40] - However, several investments, including those in Blue Moon and Kid's King, have underperformed, leading to significant losses and a need for strategic reevaluation [50][52][53] Group 4: Future Outlook - Hillhouse is currently in a transition phase, focusing on liquidating early investments while seeking new opportunities [45] - The firm has reduced its stake in BeiGene, marking the end of a long-term relationship and realizing over 10 billion yuan in profits [48][49] - Despite past challenges, the firm remains committed to navigating the evolving market landscape and adapting its investment philosophy [54][58]

6月24日，腾讯公益开放日2025活动在京举行，现场发布15款公益数字化工具，其中包括多款AI应用。 腾讯公益平台负责人赵国臣就AI技术如何推动公益行业发展接受了记者采访。 当公益遇上AI，将碰撞出怎样的火花？赵国臣认为，在提升机构效率方面，AI工具能够辅助校对项目 文本中的关键信息，如受益人性别、项目金额等，避免因信息误差引发公众误解；在行业知识共享方 面，可依托公益知识库，可为用户提供资金拨付、培训计划等标准化解答。同时，在用户体验方面， AI问项目等功能可以整合项目进展、受助反馈等多维信息，显著缩短了捐赠人信息获取路径。腾讯公 益数据与算法负责人张骁也表示，AI工具的目的不是替用户做出决定，而是帮助用户看清项目全貌。 来源：北京日报客户端 记者：袁璐 如遇作品内容、版权等问题，请在相关文章刊发之日起30日内与本网联系。版权侵权联系电话：010-85202353 值得注意的是，公益行业在数字化进程中仍面临双重挑战。记者了解到，目前很多公益人对AI的认知 仍存在门槛。"很多AI的使用都是免费的，使用过程中门槛不高，但很多人觉得AI高大上，很遥远。"赵 国臣说，一方面，需要通过"AI下乡"等推动工具普及，另一 ...

Group 1 - Elon Musk remains the richest person with a net worth of $419.3 billion, experiencing a decrease of $4.6 billion or 1.09% [1] - Larry Ellison ranks second with a net worth of $259.5 billion, increasing by $1.85 billion or 3.4% [1] - Mark Zuckerberg is third with a net worth of $245.8 billion, up by $1.47 billion or 1.94% [1] Group 2 - Jeff Bezos holds the fourth position with a net worth of $227.4 billion, gaining $1.39 billion or 1.75% [1] - Warren Buffett is fifth with a net worth of $153.9 billion, increasing by $1.16 billion or 1.03% [1] - Steve Ballmer ranks sixth with a net worth of $139.6 billion, up by $9.16 billion or 0.66% [1] Group 3 - The Bernard Arnault family is seventh with a net worth of $138.6 billion, increasing by $1 billion or 0.76% [1] - Larry Page is eighth with a net worth of $138.5 billion, gaining $1.13 billion or 0.94% [1] - Sergey Brin ranks ninth with a net worth of $132.5 billion, up by $1.2 billion or 0.92% [1] Group 4 - Jensen Huang is tenth with a net worth of $129 billion, increasing by $3.2 billion or 2.55% [1] - Michael Dell follows with a net worth of $121 billion, gaining $2.9 billion or 2.42% [1] - Amancio Ortega is thirteenth with a net worth of $118.7 billion, increasing by $6.21 million or 0.05% [3]