在此次发行中，摩根大通担任联席主承销商及簿记管理人；汇丰担任联席主承销商和联席账簿管理人； 花旗担任联席账簿管理人和联席经办人；渣打银行担任联席主承销商及账簿管理人以及结算交割行。 摩根大通环球企业银行大中华区主管黄健表示，这次欧元主权债券的定价是中国为国际投资者提供的另 一个具有吸引力的、参与中国经济发展的投资机会，展现了中国政府进一步深化与国际金融市场互联互 通的决心。同时，这一行动将有助于进一步构建中国在国际市场的欧元债券定价体系，为中资企业未来 在欧元市场的融资提供参考基准。 11月18日，中国财政部在卢森堡成功发行40亿欧元主权债券。 （文章来源：中国经营报） 此次债券发行包括4年期20亿欧元和7年期20亿欧元的高级债券，国际投资者的反响热烈，最终4年期债 券定价为欧元掉期利率中值+5个基点，发行利率为2.401%；7年期债券定价为欧元掉期利率中值+13个 基点，发行利率为2.702%。 ...

来自194家 企业和机构 的 超 4,500 名参赛者齐聚 2025 年摩根大通企业竞跑赛上海站赛 事 ，人数较 2024 年增长了 1 4 % 。 摩根大通中国区联席首席执行官陈妍妮 表示： "我们很荣幸每年都能在上海举办企业竞跑赛这一运动盛会 。今年 我们的 上海站赛事 迎来了 第 12 个年 头， 现场有 近 200 家公司 的参赛者 沉浸在 赛场热烈而欢乐的气氛中。选手参赛规模的不断壮大，也充分证明了这项赛事已经 成为上海商界不可 或缺 的 一项活动。 " 摩根大通中国区联席首席执行官何耀东 表示： "我们非常感谢企业伙伴们的积极参与。竞跑赛参赛企业的阵容年年壮大，既有长期支持、稳步成长的'老朋 友'，又有源源不断的'新力量'站上我们的起跑线。这正是摩根大通扎根中国百余年来，与本土市场和商界伙伴共同成长、携手共进的真实写照。" 作为一场包容性非常高的赛事，摩根大通企业竞跑赛提倡健康的生活方式、团队友谊与协作，选手们可以选择一路飞驰或慢跑、竞走，尽情享受比赛的乐 趣。 自 2011 年上海 成为赛事举办地以来 ，这场 5.6 公里 的路跑 赛热度始终不减 。 在 首次参赛的 企业 中，迪桑特派出 了一支 ...

香港联交所最新资料显示，11月17日，摩根大通增持ASMPT(00522)27.6699万股，每股作价77.8447港 元，总金额约为2153.96万港元。增持后最新持股数目约为2918.64万股，最新持股比例为7%。 ...

智通财经APP获悉，香港联交所最新资料显示，11月17日，摩根大通增持ASMPT(00522)27.6699万股， 每股作价77.8447港元，总金额约为2153.96万港元。增持后最新持股数目约为2918.64万股，最新持股比 例为7%。 ...

Key insight: Recent comments by a prominent banking lawyer show that the Federal Reserve sped up the approval of a M&A deal that was unrelated to the 2023 regional banking crisis in an effort to find a private-sector solution as PacWest Bancorp was teetering.What's at stake: The new details about what happened behind the scenes in May 2023 could revive the debate about the Fed's appropriate role during a crisis.Expert quote: "The Fed as dealmaker is not healthy for the economy. That's not a role the Fed is ...

Market Overview - The U.S. stock market experienced significant volatility, opening down 2% but rebounding to form a V-shaped recovery before a late-day pullback due to news from Trump regarding U.S.-China trade [3][5] - The S&P 500 index ultimately fell by 0.2%, while the Nasdaq dropped 0.8%, and the Dow Jones Industrial Average rose by 0.4% [3] Sector Performance - The banking sector emerged as the biggest winner, rising by 1.9%, followed by the insurance sector with a 1.6% increase [3] - In contrast, the previously favored large technology sector collectively declined by 1.1%, negatively impacting the Nasdaq [3] - The Russell 2000 index saw significant gains, indicating a shift in risk preference towards small-cap stocks, highlighting a "value stocks + small caps strong, large tech weak" market dynamic [5] Policy Signals - Jerome Powell's recent statements indicated a likely halt to the balance sheet reduction in the coming months, signaling a shift towards a more accommodative policy environment [9][11] - Powell also suggested a 25 basis point rate cut at the upcoming Federal Reserve meeting, continuing the dovish trend established in previous months [11] Consumer Health Insights - JPMorgan's earnings report revealed strong consumer spending and stable early credit delinquency rates, contradicting fears of consumer weakness [13][15] - The labor market remains robust, characterized by low hiring and low layoffs, with wage growth between 3% and 4%, supporting ongoing consumer spending [15] AI Investment Trends - JPMorgan plans to invest $1.3 trillion over the next decade in AI infrastructure, shifting focus from large tech companies to traditional firms and infrastructure companies [17] - This transition indicates a growing opportunity in the AI infrastructure space for investors [17] Market Sentiment and VIX Index - The VIX index rose by 9.4% to 20.81, providing insights for market operations; historically, a VIX level near or above 22.4 has led to subsequent pullbacks in the index [18][20] - Current VIX levels below 21 suggest a suitable entry point for cash-rich investors to gradually accumulate positions [20] Investment Strategy - The prevailing market logic is characterized by "policy easing + stable fundamentals + emotional recovery," suggesting a strategy of gradual accumulation focused on value [22] - The banking sector is highlighted as a key area of interest, with recommendations to consider bank ETFs for risk diversification [24] - The consumer sector remains resilient, but caution is advised regarding inflation risks, with a preference for stable, reasonably valued stocks [25]

Core Viewpoint - Jim Cramer expressed concerns about a "cabal" attempting to keep Bitcoin above $90,000, indicating expectations of further downside for the cryptocurrency [1][2]. Group 1: Market Sentiment - Cramer indicated that he likes Bitcoin but is critical of derivatives associated with it, suggesting a lack of confidence in derivative products [2]. - Richard Farr, Chief Market Strategist for Pivotus Partners, supported Cramer's view, suggesting that a "major marketing push" is necessary to maintain Bitcoin's price and prevent leveraged players from selling [3]. - Dave Weisberger, a market analyst, countered that the current selling of Bitcoin is normal volatility, attributing it to early investors distributing their holdings to more informed investors [4]. Group 2: Investor Reactions - Cramer's comments led to sarcastic responses from investors who invoked the "Inverse Cramer" strategy, betting against his recommendations, although there is no definitive proof of its profitability [5]. - Cramer previously advocated for Bitcoin as a hedge against U.S. national debt, expressing concerns about the economy amid a worsening debt crisis [6]. Group 3: Current Market Data - As of the latest data, Bitcoin was trading at $92,377.34, reflecting a 0.38% increase in the last 24 hours [6].

Core Insights - Foreign institutions significantly increased their holdings in Chinese assets during the third quarter, with major players like Goldman Sachs, Morgan Stanley, and Merrill Lynch raising their A-share positions by over 20% [1][3] - The China Overseas Internet ETF (KWEB) saw substantial investment from foreign institutions, with its size growing from $6.373 billion at the end of the first half to $9.793 billion by the end of the third quarter [2] Group 1: Foreign Investment Trends - Major foreign institutions such as Bank of America, UBS, Morgan Stanley, and Millennium Management have increased their holdings in the China Overseas Internet ETF, with share counts rising by 215.89%, 35.29%, 24.76%, and 307.44% respectively [2] - As of the end of the third quarter, 3,554 A-share companies had foreign institutional holdings, totaling approximately ¥2.73 trillion, reflecting a 12.4% increase from the previous quarter [3] Group 2: Specific Stock Increases - Citigroup held 3.83 million shares of Alibaba, with a market value of $684 million, showing a quarter-on-quarter increase of 5.63% in shares and 66.45% in market value [3] - JPMorgan held 5.58 million shares of Pinduoduo, with a quarter-on-quarter increase of 17.5% in shares and 48.38% in market value [3] - Citigroup held 350,000 shares of Baidu, with a quarter-on-quarter increase of 6.75% in shares and 64% in market value [3] Group 3: Institutional Insights - Notable foreign institutions such as Morgan Stanley, Goldman Sachs Asia, and Merrill Lynch significantly increased their A-share holdings, with Morgan Stanley's increase exceeding 30% at 33.1% [3] - As of the third quarter of 2025, foreign institutional investors further increased their holdings in Chinese stocks, with the top 40 global investment institutions' holdings rising to 1.1%, the highest level since the first quarter of 2023 [3]

Key Takeaways JPMorgan is expanding in Dubai to boost business with venture-capital-backed midcap firms.JPM shifted veteran banker Tushar Arora from London to lead its new Dubai midcap team.The move adds to JPM's broader global push into midcaps, including efforts in Austria and Poland.In an effort to do more business with medium-sized companies, JPMorgan (JPM) is expanding in Dubai, as reported by Reuters. The move by JPM comes at a time when various global financial firms are launching operations in the M ...

格隆汇11月20日｜摩根大通交易部门表示，美股自8月以来最长连跌走势为逢低买入者创造了机会。由 于投资者担心人工智能概念行情的持续性以及美联储的货币政策路径，标普500指数连续四天下跌，截 至周二收盘累计下挫3.4%。摩根大通全球市场情报主管Andrew Tyler表示，这轮回调代表着股市一 次"技术性洗盘"，可能调整期已经结束。 "鉴于基本面没有任何变化，而我们的投资假设也不依赖于美 联储放松政策，现在可以逢低买入，"Tyler在周三给客户的报告中写道。 ...