美银证券发表研报指，汇丰控股近日完成私有化恒生银行，估算税前总协同效应约为8至9亿美元，当中 包括成本及收入协同效益。同时，美银表示看到收入协同效应的空间，特别是在财富管理、批发及交易 银行业务的手续费收入方面。恒生目前的收入结构更偏向净利息收入；基于其强大的客户关系，美银认 为存在显著的交叉销售机会，而随着本地业务增长下，其重要性将进一步提升。该行指，汇丰控股是其 今年的首选标的之一，因为预期香港存款业务及亚洲财富管理业务将有显著增长，而汇丰在有关领域中 已具备实质竞争优势，且管理层承诺将加大投资的领域；现予目标价149.6港元及"买入"评级。 ...

Group 1 - Tesla's future focus is on AI, autonomous driving, and robotics, with plans for a Robotaxi within five years and expansion of solar battery manufacturing in the U.S. [2] - Stellantis acknowledges a strategic miscalculation with a €22 billion write-down, adjusting its operations by exiting battery joint ventures and halting electric pickup production, expecting a net loss of €21 billion by late 2025 [2] - Bithumb, a major South Korean cryptocurrency exchange, experienced a significant error during a reward event, mistakenly distributing 620,000 bitcoins, leading to a temporary price drop of nearly 18% [3] Group 2 - Yongtai Technology announces that CATL will become a shareholder, aiming to enhance collaboration in lithium battery materials [5] - Meitu expects a 60%-66% increase in net profit by 2025, driven by AI advancements in image processing and expansion of paid services [6] - Baidu faces a lawsuit for generating false criminal information via AI, raising discussions on AI content generation liability [6] - Xiaoma Zhixing partners with Moore Threads to apply domestic AI computing power in autonomous driving, enhancing technology development capabilities [6] - Sunwoda's major shareholder signs a restructuring agreement with Anhui Guowei Group, which plans to invest nearly ¥7.2 billion, potentially enhancing resource integration [6] Group 3 - SpaceX merges with xAI to create a company valued at $1.25 trillion, leveraging SpaceX's financial stability to support AI initiatives [8] - Apple plans to launch several new products in March, including the iPhone 17e and iPad 12, with a focus on AI strategy and Siri upgrades [8] - Netflix is pursuing an $83 billion acquisition of Warner Bros. Discovery, facing antitrust scrutiny amid competitive offers from Paramount [8] - Intel and AMD inform Chinese clients about CPU supply shortages, with delivery times extending up to six months and price increases of over 10% for certain products [9] Group 4 - Samsung Electronics aims to mass-produce sixth-generation high-bandwidth memory (HBM4) by mid-February, becoming the first to do so globally [11] - Crypto.com founder purchases the domain "AI.com" for $70 million, marking a record in domain transaction prices [11] - Japan's Sojitz Corporation introduces a new fungicide with a 97% import registration in India, showcasing innovative mechanisms and broad-spectrum efficacy [11] - Fujifilm will cease sales of certain printing machines in Europe due to profitability challenges, while retaining other product lines [11] - Genesis announces a strategic shift to enhance its high-end brand attributes through a new platform and design approach [11]

Core Insights - The iShares Core MSCI Total International Stock ETF (IXUS) and the iShares Core MSCI EAFE ETF (IEFA) provide different exposures to international equities, with IXUS including emerging markets and IEFA focusing solely on developed markets [1][2] Cost and Size Comparison - Both IXUS and IEFA have an expense ratio of 0.07% - As of January 30, 2026, IXUS has a 1-year return of 37.7% while IEFA has a return of 34.9% - IXUS has a dividend yield of 3.2% compared to IEFA's 3.6% - IXUS has assets under management (AUM) of $51.9 billion, while IEFA has $162.6 billion [3][4] Performance and Risk Comparison - Over the past five years, IXUS experienced a maximum drawdown of -30.05%, while IEFA had a drawdown of -30.41% - An investment of $1,000 in IXUS would have grown to $1,305, whereas the same investment in IEFA would have grown to $1,353 [5] Fund Composition - IEFA tracks developed markets in Europe, Australasia, and the Far East, holding 2,589 companies with a sector focus on financial services (22%), industrials (20%), and healthcare (11%) [6] - IXUS holds over 4,100 stocks, providing broader diversification with sector allocations leaning towards financial services, industrials, and basic materials [7] Investor Implications - The choice between IXUS and IEFA depends on the desired exposure; IXUS offers global exposure including emerging markets, while IEFA provides stability and a higher dividend yield from developed markets [8][11] - IEFA's focus on developed markets avoids emerging market volatility but limits growth potential, while IXUS can deliver higher returns due to emerging market growth despite associated risks [9][10]

同时，美银表示看到收入协同效应的空间，特别是在财富管理、批发及交易银行业务的手续费收入方 面。恒生目前的收入结构更偏向净利息收入; 基于其强大的客户关系，美银认为存在显著的交叉销售机 会，而随着本地业务增长下，其重要性将进一步提升。 汇丰近日完成私有化恒生银行，估算税前总协同效应约为8至9亿美元，当中包括成本及收入协同效益。 美银预期恒生的成本基础中有20%具有协同效益，因恒生的成本本来已很高效，并会继续以独立品牌营 运且保留其自身的分行网络。 美银证券发布研报称，汇丰控股(00005)是其今年的首选标的之一，因为预期香港存款业务及亚洲财富 管理业务将有显著增长，而汇控在有关领域中已具备实质竞争优势，且管理层承诺将加大投资的领域; 现予目标价149.6港元及"买入"评级。 ...

汇丰一位代表表示："我们致力于确保员工获得具有竞争力的薪酬，重点是根据绩效提供差异化薪酬， 以吸引和留住人才。" 据报道， 汇丰控股准备向一些银行家发放极少奖金，甚至不排除奖金为零的情况。知情人士称，该行 打算在未来几周发完奖金后，鼓励投资银行和财富管理等部门绩效落后的员工离职。这其中也包括董事 总经理级别的员工，不过目前尚无最终决定。 ...

同时，美银表示看到收入协同效应的空间，特别是在财富管理、批发及交易银行业务的手续费收入方 面。恒生目前的收入结构更偏向净利息收入; 基于其强大的客户关系，美银认为存在显著的交叉销售机 会，而随着本地业务增长下，其重要性将进一步提升。 汇丰近日完成私有化恒生银行，估算税前总协同效应约为8至9亿美元，当中包括成本及收入协同效益。 美银预期恒生的成本基础中有20%具有协同效益，因恒生的成本本来已很高效，并会继续以独立品牌营 运且保留其自身的分行网络。 智通财经APP获悉，美银证券发布研报称，汇丰控股(00005)是其今年的首选标的之一，因为预期香港存 款业务及亚洲财富管理业务将有显著增长，而汇控在有关领域中已具备实质竞争优势，且管理层承诺将 加大投资的领域; 现予目标价149.6港元及"买入"评级。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | HSBC Holdings plc 滙豐控股有限公司 (「本公司」) | | | 呈交日期: | 2026年2月5日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | 由2009年10月1日起，英國《2006年公司法》已廢撤法定股本的概念。組織章程細則經已修訂，以刪去提及法定股本的條文。 | | | FF301 第 1 頁 共 14 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00005 說明 普通股(每股0.50美元) 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 17,175,239,862 0 17,175,239,862 增加 / 減少 (-) 0 ...

汇丰银行将Alphabet目标价从370美元上调至385美元。 来源：滚动播报 ...

2月4日，当地时间周二（2月3日），传奇投资人、桥水基金创始人瑞·达利欧警告称，在地缘政治紧张 局势加剧、资本市场高度波动的背景下，世界正处在一场"资本战争"的边缘。达利欧周二在迪拜举行的 世界政府峰会上表示，当前局势已接近资本战争的临界点。所谓资本战争，是指通过贸易禁运、切断资 本市场准入，或将债务所有权作为施压工具，将资金"武器化"。"我们正站在边缘，"达利欧说。"这意 味着我们还没有真正进入资本战争，但已经非常接近，而跨过这道边界会非常容易，因为各方都存在相 互的恐惧。" 另外，知名债券分析师、前汇丰控股全球固定收益研究主管、经纪商Tradition Dubai的全球宏观顾问 Steven Major表示，由凯文·沃什领导的美联储的降息幅度可能远超市场当前预期。 在美国总统特朗普上 周表示将提名沃什出任美联储主席后，市场一度对该任命对利率的潜在影响存在些许困惑。沃什曾在美 联储担任决策者，并以忧心通胀著称，而特朗普则一直在推动大幅降息。 Major周二在接受彭博电视采 访时说："我认为，一个相当合理的假设是：如果他不属于降息阵营，就不会被考虑担任这个职位。市 场目前计入了大约两次降息，但我们可能会看到四 ...

Core Viewpoint - The recent significant rally of the Indian rupee, the largest in seven years, may provide the Reserve Bank of India (RBI) with the opportunity to rebuild its foreign-exchange reserves, although this could limit further gains following the India-US trade deal [1]. Group 1: Market Predictions and Strategies - Barclays Bank Plc and Nomura Holdings Inc. predict that the RBI will utilize the rupee's recovery to purchase dollars, with Nomura forecasting the rupee to reach 94 to a dollar by May, while Barclays aims for the same level through a three-month offshore position [2]. - Barclays advises clients to tactically short the rupee, anticipating that the current rally will not be sustainable and that equity outflows will not fully reverse [9]. - MUFG Bank Ltd. recommends clients to build long dollar/rupee positions in the medium term [9]. Group 2: RBI's Intervention and Market Dynamics - The rupee experienced a slight decline of 0.1% to 90.40 against the dollar, following a 1.4% increase attributed to a US tariff cut, which helped it recover from being Asia's worst performer last month to the region's top gainer [3]. - The RBI has a significant negative short forwards book of $62.4 billion as of December, indicating a need to repay these dollars, which contributed to the rupee's underperformance in the second quarter of 2025 [5]. - The RBI sold a net $49.5 billion in dollars in 2025 to support the rupee, while forex reserves reached a record $709 billion, aided by a weaker dollar, rising gold prices, and RBI's forex swaps [6]. Group 3: Future Outlook and Analyst Opinions - Analysts at Societe Generale predict the rupee could strengthen to 87-88 in the coming weeks, while HSBC forecasts a move to 88 by the end of March [10]. - Standard Chartered Plc suggests that while the RBI may eventually rebuild reserves, it seems unlikely at current levels, with HSBC expecting the central bank to allow the rupee to recover in the March quarter before rebuilding reserves [7]. - The RBI's recent interventions have aimed to buy rupees as the currency tested lows, with officials stating that the exchange rate is market-determined and their role is to ensure orderly movements and curb excess volatility [8].