农银国际证券：每天导读-20250122

Core Insights - The report highlights a significant investment initiative in artificial intelligence (AI) infrastructure, with a total investment of $100 billion announced by U.S. President Trump in collaboration with SoftBank, OpenAI, and Oracle, aiming to accelerate the development of this emerging technology [9] - The report notes that the Chinese luxury goods market is expected to decline by 20% in 2024, marking the largest drop since at least 2011, primarily due to economic slowdown affecting consumer confidence [9] - The report indicates that the Chinese government is willing to import more competitive foreign products and services, emphasizing a shift towards trade balance rather than surplus [9] Market Performance - The Hang Seng Index closed at 20,106.55, up 0.91% for the day and 4.61% over the past five days [2] - The H-share index closed at 7,320.88, reflecting a daily increase of 1.18% and a five-day increase of 4.77% [2] - The report shows mixed performance in the A-share market, with the Shenzhen Component Index recording the largest gain among the three major indices [7] Economic Indicators - The unemployment rate in the UK remained stable at 4.4% for the three months ending in November, matching market expectations [8] - Canada's Consumer Price Index (CPI) showed a month-on-month decrease of 0.4% in December, aligning with market predictions [8] - Hong Kong's CPI year-on-year growth was reported at 1.4% for December, slightly below market expectations of 1.5% [8] Company News - CATL (Contemporary Amperex Technology Co., Limited) expects its net profit for 2024 to reach between 49 billion to 53 billion RMB, with revenues projected between 356 billion to 366 billion RMB [9] - OpenAI confirmed its collaboration with SoftBank, NVIDIA, Microsoft, and Oracle on the Stargate project, which involves a $100 billion investment in AI infrastructure in the U.S. [9] - Apple experienced an 18.2% decline in iPhone sales in China during the fourth quarter, resulting in a drop to third place in the Chinese smartphone market [9]