Core Viewpoint - The U.K. has expanded the British National Overseas (BNO) visa scheme, allowing children of BNO status holders to apply independently, which has drawn criticism from China as an interference in its internal affairs following the sentencing of pro-democracy media tycoon Jimmy Lai to 20 years in prison under a national security law [2][4]. Group 1: Visa Scheme Expansion - The U.K. expanded the BNO visa scheme to allow children of BNO status holders, who were under 18 at the time of Hong Kong's handover in June 1997, to apply independently [2]. - Since the launch of the BNO scheme in 2021, over 230,000 people have been granted visas, with nearly 170,000 relocating to the U.K. [3]. - The British government estimates that 26,000 people will arrive in the U.K. over the next five years due to the expanded visa route [7]. Group 2: Sentencing of Jimmy Lai - Jimmy Lai, the founder of the now-closed Apple Daily newspaper, received a 20-year sentence, the heaviest penalty under the national security law, for charges including collusion with foreign forces [4][5]. - Lai's case has prompted diplomatic tensions, with British Prime Minister Keir Starmer raising the issue with Chinese President Xi Jinping and calling for Lai's release [6]. - The British government has stated that the sentencing reflects a deterioration of rights and freedoms in Hong Kong, which has led many to leave the territory [7]. Group 3: Reactions and Criticism - China's embassy in London condemned the U.K.'s visa scheme expansion as "despicable" and "reprehensible," asserting that it misleads Hong Kong residents [3]. - Hong Kong's chief executive, John Lee, defended Lai's sentencing, claiming he harmed citizens and colluded with foreign forces [8]. - International reactions include calls for Lai's release, with U.S. Secretary of State Marco Rubio labeling the ruling as "unjust and tragic" [8].

一、活动时间2026年1月1日至2026年6月30日 二、活动对象申办并成功核发Visa全球支付白金信用卡或visa留学白金信用卡的visa新客户(含主卡新客 三、活动内容活动期间，申办并成功核发visa全球支付白金信用卡或visa留学白金信用卡的visa新客户， 实体卡激活成功且完成任意一笔visa清算网络渠道境外消费后，即有机会获得60公里境内接送机权益1 份。奖品数量有限，活动期间限制2000份，每名客户限领一份，先领先得，领完即止。 户、附属卡新客户)。 ...

Key Takeaways Visa beats fiscal Q1 EPS and revenue estimates, driven by resilient payments and cross-border volumes.Visa's Value-Added Services surge 28%, strengthening revenue diversification and margin quality.Visa flags limited consumer fit for stablecoins, despite rising cross-border settlement adoption.Visa Inc. (V) , the global payments technology leader, opened fiscal 2026 with another resilient quarter, reinforcing its status as one of the market’s most dependable compounders. Powered by higher paym ...

（来源：吴说） 作者：Hazel 支无不言 编辑：Pat Larry Ma SNZ Holding 合伙人，曾在 Visa 任职，拥有超过 25 年的全球化从业经验，横跨电商、数字营销、金融 服务与区块链创新领域。 【主播】 原文链接：https://mp.weixin.qq.com/s/KWoywbocq3BqaI6nPieYsQ 声明：本文为转载内容，读者可通过原文链接获得更多信息。如作者对转载形式有任何异议，请联系我 们，我们将按照作者要求进行修改。转载仅用于信息分享，不构成任何投资建议，不代表吴说观点与立 场。 一、本期介绍 你可能对 Visa 庞大的数字并无概念：它每年处理超过 15 万亿美元的交易量，几乎相当于中国全年的 GDP；它连接着全球 1.3 亿家商户，背后是 43 亿张卡片的跳动。 但在这台精密机器的齿轮间，藏着一个传统金融难以言说的隐疾：为了让跨境支付看起来丝滑，全球银 行体系被迫在水管里锁死了数以万亿计的预存资金。这些钱静静地躺在银行账户里动弹不得，只为了应 对清算的时间差。当加密社区还在争论如何用区块链"杀死" Visa 时，这家巨头已经悄悄完成了对自身 底层大动脉的链上手术。上个 ...

Core Insights - Berkshire Hathaway's portfolio includes significant stakes in Visa and Mastercard, valued at $2.7 billion and $2.2 billion respectively, representing 1.5% of its total portfolio [4] - Visa and Mastercard are considered safe investments due to their strong market positions and the powerful network effects they benefit from [5][8] Company Overview - Visa's current market capitalization is $632 billion, with a gross margin of 78.02% and a dividend yield of 0.74% [6][7] - Mastercard's market capitalization stands at $493 billion, with a gross margin of 96.58% and a dividend yield of 0.57% [9] Financial Performance - Both Visa and Mastercard have demonstrated double-digit annualized revenue and diluted earnings-per-share growth over the past decade [7] - Despite recent innovations in the payments sector, both companies continue to report strong financial results [7] Competitive Position - The competitive positions of Visa and Mastercard are described as nearly impossible to disrupt, providing investors with confidence [8] - Both companies have outperformed the S&P 500 index over the past decade, although they have lagged behind in the last five years [10] Growth Prospects - The ongoing shift towards cashless transactions suggests that Visa and Mastercard will continue to see significant revenue and profit growth in the future [11] - Current valuations show Visa with a price-to-earnings ratio of 30.9 and Mastercard at 32.9, indicating that while they are not cheap, they remain attractive for portfolio stability [12]

Visa ( V ) recently reported earnings. And despite the double-beat, the stock sold-off and is down close to 3% at the time of writing. The credit card behemoth has been sort of rangebound with periods of volatility in between.Formerly known as "The Dividend Collectuh." Top 1% of financial experts on TipRanks. Contributing analyst to the iREIT+Hoya Capital investment group. Dividend Collection Agency is not a registered investment professional nor financial advisor and these articles should not be taken as f ...

分组1 - Visa recently reported earnings that exceeded expectations, yet the stock experienced a sell-off, declining nearly 3% at the time of writing [1] - The company's stock has been characterized by a rangebound performance with intermittent periods of volatility [1]

Core Viewpoint - The article discusses the preliminary results of Enel SpA for 2025, indicating a focus on growth and investment opportunities in the energy sector [1]. Group 1: Company Analysis - Enel SpA is being analyzed following its 2025 preliminary results, suggesting a positive outlook for the company [1]. - The previous analysis highlighted a "Third Growth Engine," indicating a strategic focus on long-term growth and income-oriented investments [1]. Group 2: Investment Perspective - The article is aimed at buy-side hedge professionals who conduct fundamental analysis across various sectors in developed markets, emphasizing the importance of thorough research in investment decisions [1].

Key insights: Visa and UnionPay will connect Visa Direct and UnionPay's MoneyExpress platform. What's at stake: Visa, Mastercard and other companies are trying to tap China's huge payment market, but have faced difficult regulations. Forward Look: China's payments market is on pace to pass $70 trillion by 2031. Visa and Mastercard's long quest to offer payments to Chinese consumers and businesses is starting to bear fruit through partnerships that enable at least partial access to the massive market. ...

Two standout companies from the same sector (no, not technology) have a clear path to follow in Walmart's footsteps.For much of the last seven years, the bulls have been leading the charge on Wall Street. The benchmark S&P 500 has gained at least 16% in six of the previous seven years, with the 2022 bear market being the exception.While most time-tested businesses have benefited from this near-persistent optimism, many of Wall Street's trillion-dollar club members have enjoyed outsize returns. Just over a d ...