随着618年中大促陆续开启，互联网电商平台全面进入备战状态。 此外，中美达成90天关税减免协议，美企迅速重启中企供应链，开启新一轮90天"囤货期"。 在内、外需双重利好推动下，今日互联网电商板块走高，其中，恒而达20cm涨停，美之高涨超17%，有棵树涨超13%，天虹股份、华纺股份、青岛金王等多 股10cm涨停。 今年6·18，各大平台均投入更多的资源补贴拉动消费。 天猫方面，今年 "618" 第一波抢先购将于5月13日晚8点开启预售，尾款支付及现货抢购时间为5月16日晚8点至5月26日晚12点。与往年相比，玩法大幅简 化，仅设 "官方立减" 这一官方玩法，基础优惠八五折起，最高立减可达 50%。 抖音方面，目标"更大的规模、更优的货品、更好的体验"活动第一阶段抢先期为5月13日-5月26日、正式期为5月27日-6月18日，较24年提前一周。 京东方面，大促在5月13日开启，较24年提前18天，期间设置六大惊喜日活动。 | | 2025年 | 2024年 | | --- | --- | --- | | 天猫 | 第一波预售:5月13日20:00-5月16日17:59 | 第一阶段:5月20日20:0 | | | ...

本周，港股新一轮财报季拉开帷幕，京东、腾讯控股、阿里巴巴等科技龙头将陆续公布一季报。 截至5月12日收盘，港股科技50ETF（159750）跟踪的港股科技指数自关税升级以来累计反弹24.17%， 已完全收复关税当日跌幅。 | 2025/04/08-2025/05/12 (21日) | | | | | | | --- | --- | --- | --- | --- | --- | | 名称 | 涨跌幅 | 涨跌 | 振幅 | 年化收益率 | 最大回撤 | | 931574(港股科技(H | 24.17% | 330.82 | 27.54% | 1216.40% | -7.709 | | 000300(沪深300) | 8.39% | 301.17 | 8.55% | 149.82% | -1.749 | | HSTECH(恒生科技) | 23.76% | 1045.84 | 27.37% | 1165.28% | -7.909 | 从市场预期看，对港股科技股公司的预期普遍较高，其中，腾讯Q1预期营收为1755.46亿元，同比增长 10.06%；预期每股收益5.56元，同比增加27.4%。 阿里巴巴2025财年Q ...

【导读】美股大涨，中国资产沸腾了！ 中国基金报记者伊万 美东时间5月12日，中美经贸高层会谈取得实质性进展，美股三大指数大涨，道指涨超1100点，纳指暴涨逾4%。 科技股巨头表现强劲！亚马逊涨超8%，苹果、特斯拉涨超6%，英伟达涨逾5%。 中国资产沸腾了，纳斯达克金龙中国指数劲升超5%。 美国总统特朗普签署关于药品价格的行政命令。并表示，将不再容忍大型制药公司牟取暴利；欧盟在药品补贴问题上态度最为强硬；与制药公司讨论了减 肥药事宜，美国减肥药价格高昂；药品价格降幅在59%到80%之间，甚至可能达到90%。 中美经贸高层会谈取得进展 美股三大指数皆大涨 美东时间5月12日，据商务部发布的声明，中美经贸高层会谈取得实质性进展，大幅降低双边关税水平。美股市场迎来大涨。 截至收盘，纳指涨4.35%，报18708.34点；标普500指数涨3.26%，报5844.19点，与纳指一起创3月3日以来收盘新高；道指涨2.81%，涨1160.72点，报 42410.1点，创3月27日以来收盘新高。 消息面上，中美日内瓦经贸会谈联合声明指出，中美双方承诺将于5月14日前采取以下举措：美国将修改4月2日规定的对中国商品（包括香港特别 ...

作 者丨胡慧茵 吴斌 编 辑丨李莹亮 和佳 江佩佩 周一，受中美经贸会谈利好消息提振，美股开盘全线大涨。截至美股最新收盘，美股三大指 数 均 大 幅 收 涨 ， 纳 指 涨 4 . 3 5% ， 标 普 5 0 0 指 数 涨 3 . 2 6% ， 均 创 3 月 3 日 以 来 收 盘 新 高 ； 道 指 涨 11 6 0 . 7 2点，涨幅2 . 8 1%，创3月2 7日以来收盘新高。 截至最新美股收盘，大型科技股多数上涨，亚马逊涨超8%，Me t a涨超7%，苹果、特斯拉涨 超6%，英伟达涨逾5%，谷歌、英特尔涨逾3%，微软涨超2%；奈飞跌超2%。 纳斯达克中国 金 龙 指 数 大 幅 收 涨 5 . 4% ， 创 4 月 4 日 以 来 新 高 ， 万 得 中 概 科 技 龙 头 指 数 （ DRAG ） 上 涨 4 . 2 9% 。 中 概 股 普 涨 ， 文 远 知 行 涨 超 2 7% ， 小 马 智 行 涨 近 1 2% ， 小 鹏 汽 车 、 哔 哩 哔 哩 涨 近 8%，京东、拼多多、理想汽车涨逾6%，蔚来、阿里巴巴、百度涨超5%。 W 万得美国科技七巨头指数[MAGS] 50359.21 ...

金十数据5月12日讯，纳斯达克中国金龙指数涨超4%，万国数据(GDS.O)涨11%，拼多多(PDD.O)涨 9%，阿里巴巴(BABA.N)涨6.9%，京东(JD.O)涨6.5%，百度(BIDU.O)涨4.5%。 纳斯达克中国金龙指数涨超4% ...

商务部新闻发言人表示，本次中美经贸高层会谈取得实质性进展，大幅降低双边关税水平，美方取消了 共计91%的加征关税，中方相应取消了91%的反制关税；美方暂停实施24%的"对等关税"，中方也相应 暂停实施24%的反制关税。这一举措符合两国生产者和消费者的期待，也符合两国利益和世界共同利 益。 5月12日中美发布《中美日内瓦经贸会谈联合声明》，双方在联合声明中达成多项积极共识。 5月12日，多家科技公司港股股价上涨。 除了上述科技公司，港股苹果相关概念股在5月12日也有惊人涨幅。至收盘，高伟电子（1415.HK）涨 幅为18.45%，瑞声科技（2018.HK）涨幅达15.37%，舜宇光学科技（2382.HK）上涨14.83%，丘钛科技 （1478.HK）涨幅为13.45%。 消息层面，5月12日中美发布《中美日内瓦经贸会谈联合声明》，双方在联合声明中达成多项积极共 识。 至5月12日收盘，哔哩哔哩（9626.HK）涨幅达6.633%，京东（9618.HK）涨幅为6.388%，盘中涨幅一 度超过7%。阿里巴巴（9988.HK）涨幅为6.149%，百度（9888.HK）涨幅为5.027%。 此外，美团（3690.HK） ...

蓝筹股表现 小米集团-W(01810)逆市走低，早盘一度跌近6%。截至收盘，跌1.46%，报50.6港元，成交额178.21亿港 元，拖累恒指21.77点。小米汽车又陷入舆论漩涡。近期有媒体报道称，小米汽车SU7 Ultra选配碳纤维 双风道前舱盖，被揭发无助于散热提升汽车性能，引发"退车潮"。5月7日晚间，小米汽车公开致歉并推 出补偿方案。5月10日，雷军在微博发文称，过去一个多月是他创办小米以来最艰难的一段时间。 其他蓝筹股方面，舜宇光学科技(02382)涨14.83%，报73.95港元，贡献恒指11.19点；比亚迪电子(00285) 涨13.79%，报37.95港元，贡献恒指5.99点；周大福(01929)跌5.88%，报10.24港元，拖累恒指2.15点；石 药集团(01093)跌4.18%，报5.5港元，拖累恒指3.25点。 智通财经APP获悉，中美日内瓦经贸会谈联合声明发布，港股三大指数尾盘狂拉，恒指涨近3%站上两 万三大关，恒生科技指数则大涨超5%。截止收盘，恒生指数涨2.98%或681.72点，报23549.46点，全日 成交额达3224.26亿港元；恒生国企指数涨3.01%，报8559.23 ...

Investment Rating - The report assigns a "Buy" rating for stocks, indicating an expected relative return of over 20% within six months [30] Core Insights - Southbound funds have increased their investments in undervalued leading companies such as Meituan, with a net purchase of 6.7716 billion yuan in the past week, contributing to a total net purchase of 575.518 billion yuan year-to-date, which is 77.35% of the total net purchase for 2024 [1] - The report highlights that major internet companies are currently at relatively low valuations, with projected P/E ratios for 2025 as follows: Alibaba (12), Tencent (17), Meituan (11), Baidu (9), Pinduoduo (8), JD.com (7), Kuaishou (6), and Xiaomi (28) [1][20] Summary by Sections Company Financials and News - Meituan has seen significant investment from southbound funds, with a net purchase of 6.371 billion yuan [25] - The report notes the upcoming earnings announcements from major companies such as Tencent, Alibaba, and JD.com, which are expected to provide insights into future product cycles and strategies [4] - The IPO of Hu Shang A Yi on the Hong Kong Stock Exchange was successful, with a closing price of 158.4 HKD, representing a 40.03% increase from its opening price [3][10] Market Overview - The Hang Seng Index closed at 22,867.74 points, reflecting a weekly increase of approximately 1.61% [13] - The report emphasizes the importance of monitoring the upcoming earnings reports and AI product iterations, which could influence investment expectations and valuations in the Chinese market [4] Industry Trends - The report discusses the advancements in AI, particularly the launch of the VPP model by Xingdong Jiyuan, which utilizes vast amounts of internet video data for generating video content and executing physical actions [2] - In the smart driving sector, there is a trend towards the standardization of laser radar among major manufacturers, with a focus on companies like Xiaopeng and Xiaomi [2] - The report also highlights the growth potential in the new tea beverage market, as evidenced by the successful IPO of Hu Shang A Yi and the upcoming IPO of Green Tea Group, which plans to raise over 1.2 billion HKD [3][10]

Group 1 - The Hong Kong Hang Seng Index showed active performance, with a peak increase of 1.19%, while the Hang Seng Tech Index rose by 2.07% [1] - Notable stock movements included BYD Electronics increasing by 5% and Alibaba-W rising over 2% [1] - The Hang Seng Internet ETF (159688) surged with a peak increase of 2.60%, and the Hang Seng Tech ETF (513580) also saw a strong early morning rise of 2.57% [1] Group 2 - CICC forecasts for 2025 highlight Tencent as a core recommendation due to its strong gaming business, organic growth in advertising through video accounts, and a recovery in payment services [2] - The firm emphasizes Tencent's competitive advantage in AI applications, particularly within the WeChat ecosystem, with potential growth in AI search and agent services [2] - Kuaishou is also recommended, with high profit growth certainty for 2025, overseas profitability, and domestic business growth contributing to profit increases [2]

Group 1: Investment Activities - Ping An Life increased its stake in China Merchants Bank by acquiring 3.4755 million H-shares, raising its holding from 11.92% to 12% [1] - In addition to China Merchants Bank, Ping An Group and its subsidiaries have also increased their holdings in other banks such as ICBC, Agricultural Bank of China, and Postal Savings Bank this year [1][10] Group 2: Automotive Market Insights - In April, the national retail sales of passenger cars reached 1.755 million units, a year-on-year increase of 14.5%, but a month-on-month decrease of 9.4% [8] - Cumulatively, from January to April, retail sales totaled 6.872 million units, reflecting a year-on-year growth of 7.9% [8] - The retail sales of new energy passenger vehicles in April reached 905,000 units, marking a year-on-year increase of 33.9% and a month-on-month decrease of 8.7% [8] - The penetration rate of new energy vehicles in the overall passenger car market reached 51.5% in April, an increase of 7 percentage points compared to the same period last year [8] Group 3: Economic Indicators - In April, the Consumer Price Index (CPI) rose by 0.1% month-on-month, reversing a previous decline of 0.4%, while the year-on-year change showed a decrease of 0.1% [4] - The Producer Price Index (PPI) fell by 0.4% month-on-month and decreased by 2.7% year-on-year, with the decline widening by 0.2 percentage points compared to the previous month [4] Group 4: Corporate Developments - The Ministry of Industry and Information Technology is soliciting opinions on the mandatory national standard for automotive door handle safety technology requirements, addressing potential risks associated with various types of door handles [5][6] - The first commercial hydrogen-powered locomotive in Southwest China has begun trial operations, marking a significant development in hydrogen railway freight transport [11] - Several banks have recently lowered their deposit interest rates, with some experiencing a "negative interest rate" phenomenon [12] Group 5: Market Trends - The first batch of technology innovation bonds has officially launched in the interbank bond market, indicating a new financing avenue for tech companies [7] - The total value of China's goods trade reached 14.14 trillion yuan in the first four months, with a year-on-year growth of 2.4% [7] - A total of 28 stocks in the A-share market will face the lifting of trading restrictions this week, with a combined unlock volume of 1.066 billion shares, valued at approximately 18.63 billion yuan [14]