巨佬先跑为敬？

Group 1: Amazon and Jeff Bezos - Jeff Bezos plans to sell up to 25 million shares of Amazon stock, valued at approximately $4.8 billion, as part of a long-term financial strategy [1][3] - The share sale will be executed under a 10b5-1 plan, which allows executives to set up a trading plan to avoid insider trading allegations [2] - Amazon's recent quarterly earnings exceeded expectations, but the company's guidance for the next quarter's operating profit is below market expectations, influenced by trade policies and tariffs [3][4] Group 2: Hong Kong Market Dynamics - The Hong Kong Monetary Authority (HKMA) intervened in the market by absorbing $6 billion in sell orders, marking the first such action since April 2020 [6][7] - The HKMA's actions reflect a shift in market conditions from capital outflow to inflow, with the banking system's liquidity expected to double following the intervention [9][10] - Factors contributing to the strong demand for the Hong Kong dollar include global capital flow changes and increased demand for Hong Kong stocks due to the upcoming dividend season and IPO activities [11][13][15] Group 3: Credit Bond ETF Market - The total market size of credit bond ETFs has surpassed 100 billion yuan, with a net inflow of 29.655 billion yuan in 2025 [19][20] - The rise of credit bond ETFs indicates a shift in the capital market towards "certainty" rather than "high yield," appealing to investors seeking stable returns [24] - Recent regulatory changes allow credit bond ETFs to participate in general repo transactions, further accelerating their growth [25][26]