广州时隔27年重启赛马业，英伟达第四财季营收暴增 | 财经日日评

Group 1 - Guangzhou is planning to establish a 10 square kilometer deep cooperation zone for the horse industry, aiming to tap into the high-end consumption market potential of the Guangdong-Hong Kong-Macao Greater Bay Area, which is valued at hundreds of billions [2][3] - The upcoming horse racing event at the Hong Kong Jockey Club's Conghua Racecourse in October is positioned as a non-betting demonstration event, focusing on horse breeding, cultural tourism, and exhibition economy to drive profitability [2][3] - The revival of horse racing in Guangzhou is expected to create new job opportunities and enhance local employment [2] Group 2 - The revised CPA law aims to strengthen oversight and increase accountability in the auditing profession, addressing issues of audit fraud and enhancing the regulatory framework [4][5] - The draft includes 22 articles that impose stricter prohibitions on CPAs, including the issuance of false reports and failure to maintain professional skepticism [4] - The changes are anticipated to bolster the credibility of financial disclosures, which is crucial for maintaining investor confidence in the capital market [5] Group 3 - Moody's report indicates that the five major data center operators in the U.S. have made future leasing commitments totaling $662 billion, which is 113% of their adjusted debt [6][7] - By the end of 2025, the total undiscounted future leasing commitments of these companies could reach $969 billion, potentially impacting their balance sheets significantly [6][7] - The hidden debt structure poses risks, as it could lead to broader repercussions if the financial health of these companies deteriorates [7] Group 4 - NVIDIA reported a 73% year-over-year revenue growth in Q4 of fiscal 2026, reaching $68.127 billion, surpassing its guidance [8] - The data center business generated $62.314 billion in revenue, reflecting a 75% increase, while the gaming segment grew by 47% [8] - The upcoming launch of the next-generation Rubin chip in 2026 is expected to further solidify NVIDIA's leading position in the AI chip market [8] Group 5 - Ctrip's Q4 net revenue reached approximately 15.398 billion yuan, a year-on-year increase of about 20.83%, with a net profit growth of approximately 98.47% [10][11] - The company is facing challenges due to an antitrust investigation, which may impact its future performance despite strong growth driven by the recovery of the inbound tourism market [10][11] - The departure of co-founders from key positions may signal a restructuring effort amid ongoing regulatory scrutiny [11] Group 6 - CK Hutchison Holdings announced the sale of its UK Power Networks business for over HKD 110 billion, aiming to reinvest the proceeds into future opportunities [12][13] - The sale reflects a strategic shift as the company seeks to optimize its investment portfolio in light of stricter price controls in the UK public utility sector [12][13] - The group is also preparing to split its global telecom assets and focus on core retail business listings, indicating a potential pivot towards technology and energy transition investments [13] Group 7 - A trend of lowering management fees for money market funds has emerged, with several funds reducing rates significantly to maintain positive yields for investors [14][15] - Despite declining yields, the overall scale of money market funds continues to grow, with a net increase of 1.43 trillion yuan in 2025 [14][15] - Investors are increasingly turning to money market funds as a low-risk transitional option amid falling deposit rates [15] Group 8 - The stock market experienced mixed performance, with the Shanghai Composite Index closing at 4146.63 points, down 0.01%, while the Shenzhen Component Index rose by 0.19% [16][17] - Market volatility continues, with significant fluctuations in various sectors, particularly in computing hardware and energy [16][17] - The film industry has faced challenges, contributing to declines in related stocks, while real estate showed limited recovery [17]