12月4日，港股恒生指数高开0.17%，恒生科技指数涨0.21%。 科网股涨跌不一，京东健康、携程集团涨逾3%，阿里巴巴跌0.33%； 新能源车概念股再度走低，理想 汽车、小鹏汽车、蔚来均下跌。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | HSI | 恒生指数 | 25804.01 | 43.28 | 0.17% | | HSTECH | 恒生科技 | 5546.30 | 11.38 | 0.21% | | HSBIO | 恒生生物科技 | 15359.15 | 181.63 | 1.20% | | HSCEI | 恒生中国企业指数 9051.90 | | 23.35 | 0.26% | | HSCI | 恒生综合指数 | 3954.92 | 7.78 | 0.20% | | 名称 | 现价 | 涨跌幅 ◆ | | --- | --- | --- | | 理想汽车-W | 68.150 | -2.29% | | 2015.HK | | | | 小鹏汽车-W | 74.100 | -1.72% | | 9868.HK | | | | ...

美"小非农"数据不及预期降息理由增强，隔夜美股收涨，中概指数跌1.38%。昨日下跌的港股三大指数 高开，恒指涨0.17%，国指涨0.26%，恒生科技指数涨0.21%。大型科技股多数出现反弹行情，美联储降 息预期持续增强，铜、铝、黄金等有色金属股继续活跃，其中中铝国际大涨超7%。另外，新能源汽车 股"蔚小理"继续跌势。(格隆汇) ...

11 月制造业 PMI 回升；资金面宽松无虞，债市有所修复 【11 月制造业 PMI 回升】国家统计局服务业调查中心、中国物流与采购联合会 11 月 30 日发 布的数据显示，11 月份，制造业采购经理指数（PMI）为 49.2%，比上月上升 0.2 个百分点； 非制造业商务活动指数为 49.5%，比上月下降 0.6 个百分点。具体来看，11 月份，中型企业 PMI 为 48.9%，比上月上升 0.2 个百分点，景气度有所改善；小型企业 PMI 为 49.1%，比上月 上升 2.0 个百分点，为近 6 个月高点，景气水平显著回升。 【央行：继续坚持对虚拟货币的禁止性政策 持续打击虚拟货币相关非法金融活动】央行 11 月 28 日召开打击虚拟货币交易炒作工作协调机制会议。会议要求，各单位要坚持以习近平新时 代中国特色社会主义思想为指导，全面落实党的二十大和二十届历次全会精神，把防控风险作 为金融工作的永恒主题，继续坚持对虚拟货币的禁止性政策，持续打击虚拟货币相关非法金融 活动。各单位要深化协同配合，完善监管政策和法律依据，聚焦信息流、资金流等重点环节， 加强信息共享，进一步提升监测能力，严厉打击违法犯罪活动，保 ...

12306回应"取消 靠窗选座"事件，称最近对于购票选座界面进行了优化调整，是为了避免因座位是否靠窗引起的误解。 整理 ｜爆浆豆腐 工行3年期大额存单提至100万元起存 豆包手机助手回应"侵犯用户隐私" 万达首次赎回一座万达广场 柬埔寨将对中国公民试行免签政策 戴尔创始人捐62.5亿美元，为美国儿童设立投资账户 LVMH回应爱马仕继承人指控 点击上方【36氪随声听】，一键收听大公司热门新闻。听完音频记得添加进入 【我的小程序】 中哟！ 期禁言、停播。随后，张雪峰在微博平台发文回应："处罚期已过，已经深刻反省，谢谢大家的关心支持！以后不会了。"（界面新闻） 12306回应"取消靠窗选座" 近日，有网友发帖称，在12306购票选座时发现，A、F座两侧的"窗"字没了，而是变为"两堵墙"。对此，12月2日，记者致电12306客服电话咨询， 工作人员回应称，最近对于购票选座界面进行了优化调整，A、F座两侧并不是"墙"，而是将"窗"字改为一道竖线。A、F座依然是靠窗侧的座位， 只是不一定正对窗，可能在窗户前或窗户后，界面优化是为了避免因座位是否靠窗引起的误解。 此前据媒体报道，有网友反映其购买的高铁靠窗票，上车后却发现是 ...

Core Viewpoint - Avita, backed by Changan Automobile, CATL, and Huawei, is preparing for a Hong Kong IPO but currently struggles with sales and brand recognition compared to leading competitors [1][2]. Group 1: Company Background - Avita is a luxury electric vehicle brand created through collaboration between Changan Automobile, CATL, and Huawei, leveraging each partner's strengths [2]. - Changan Automobile, a major shareholder, provides support in smart manufacturing, supply chain, R&D, and distribution [2]. - CATL, the world's largest battery manufacturer, plays a crucial role in supporting Avita's technology and marketing efforts [2]. - Huawei, while not a direct shareholder, offers advanced smart automotive solutions through its HI model [2]. Group 2: Operational Model and Workforce - Avita employs a light asset operation model, giving it a competitive edge in the market [4]. - As of June 2023, Avita has 3,666 employees, with over 57.1% in technical and R&D roles, and has filed 1,326 patents since its inception [4]. Group 3: Product Line and Sales Performance - Avita launched its first mass-produced model, Avita 11, in August 2022, with plans to release additional models (Avita 12, 07, and 06) between November 2023 and April 2025 [4][5]. - The current sales target for 2023 is 220,000 units, but as of October, only 104,200 units have been sold, achieving 47.4% of the goal [10]. - The main sales model is Avita 07, while other models like Avita 11 and 12 have seen declining monthly sales [10]. Group 4: Financial Performance - Revenue projections show significant growth from 0.28 billion RMB in 2022 to an estimated 151.95 billion RMB in 2024, despite ongoing losses [12]. - The company reported a cumulative loss of approximately 11.3 billion RMB over the reporting period, with expectations of continued losses in 2025 [12]. Group 5: Strategic Partnerships and Future Goals - Avita has deepened its partnership with Huawei, investing 11.5 billion RMB for a 10% stake in Huawei's subsidiary, enhancing their collaboration [12][13]. - Future plans include launching 17 new models by 2030, with ambitious sales targets of 400,000 units by 2027 and 800,000 units by 2030 [15].

美东时间12月4日，美股三大指数在疲软的劳动力市场数据下低开高走，集体收涨。道指上涨0.86%， 报47882.90点；标普500指数上涨0.3%，报6849.72点；纳指微涨0.17%，报23454.09点。市场焦点已从科 技巨头转向有色金属板块，银铜价格齐创新高，带动相关概念股集体走强。 美国自动数据处理公司（ADP）周三发布的数据显示，11月私营部门就业岗位意外减少3.2万个，远低 于市场预期的增加1万个，为2023年3月以来最低水平。这一疲软数据强化了市场对美联储12月降息的预 期，芝商所"美联储观察"工具显示，市场预计下周降息25个基点的概率飙升至89%。美联储降息预期的 升温也推动人民币对美元中间价调升40个基点，报7.0754，创2024年10月14日以来最高。 有色金属板块成为今日最大亮点。美国铝业公司大涨6.37%，凯撒铝业涨5.89%，麦克莫兰铜金涨 3.63%。国际铜价周三再创新高，LME铜涨2.7%，沪铜期货主力合约站上9万元/吨大关；LME锡涨近 4.4%，沪锡涨3.8%创2022年4月以来新高。矿业巨头嘉能可宣布将在未来10年将铜产量翻一番，实现年 产160万吨，推动其美股ADR收 ...

Market Performance - US stock indices showed a mixed performance with the S&P 500 index only 71 points away from its October high despite weak labor market data [1] - Major technology stocks had varied results, with Tesla rising over 4% and Microsoft falling over 2% [2] Sector Movements - Lithium stocks led the market rally, with companies like Albemarle and Livent showing significant gains, while major tech stocks struggled [3] - Chinese concept stocks mostly declined, with the Nasdaq China Golden Dragon Index dropping 1.38% [3] Commodity Trends - Base metals experienced a broad increase, with LME tin rising nearly 4.4% and LME copper up 2.7%, reaching historical highs [4][6] - A report from JPMorgan suggests that supply disruptions and global inventory mismatches could push copper prices to $12,500 per ton by mid-2026 [5] Cryptocurrency Market - The cryptocurrency market saw a collective rise, with Bitcoin surpassing $93,000, marking a 1.8% increase [6][7] - Significant liquidation occurred in the market, with over $360 million in total liquidations reported in the last 24 hours [8] Economic Indicators - The US private sector unexpectedly lost approximately 32,000 jobs in November, raising expectations for further interest rate adjustments by the Federal Reserve [8] - The probability of a 25 basis point rate cut by the Federal Reserve in December surged to 89% according to CME FedWatch [8]

每经编辑｜张喜威 王晓波 ↓商务部召开12月第1次例行新闻发布会 2 2025年第四届工业机器人产业发展上 于12月4日举办 ③ 2025脑机接口大会将于12月4日在上 4 2025年第二届数字变生技术与产业发 于12月4日举办" 5 美国11月29日当周首次申请失业救济 1 隔夜市场 美股三大指数集体收涨，道指涨0.86%，纳指涨0.17%，标普500指数涨0.3%，大型科技股涨跌不一，特斯拉涨超4%，谷歌涨超1%，微软跌超2%，Meta、 英伟达跌超1%；有色金属、加密储备概念股涨幅居前，美国铝业公司涨超6%，Coinbase、凯撒铝业涨超5%，Strategy涨超3%；存储概念股、锂矿股走低， SanDisk跌超5%，Lithium、美光科技、西部数据跌超2%。纳斯达克中国金龙指数收跌1.38%，中概股多数下跌，蔚来、小鹏汽车跌超4%，理想汽车、新东 方跌超3%，哔哩哔哩、名创优品跌超2%，阿里巴巴、百度、拼多多跌超1%，世纪互联涨超1%。 美国11月小非农"ADP"就业人数减少3.2万人，为2023年3月以来最大降幅，预估为增加5000人，前值为增加4.2万人。 12月3日下午，法国总统马克龙乘机抵达 ...

Market Overview - The three major U.S. stock indices opened lower on Wednesday, with the Dow Jones turning positive while the S&P 500 and Nasdaq experienced slight declines [1] - Major tech stocks mostly fell, with Nvidia and Amazon dropping over 1% and Microsoft declining nearly 3% due to reported reductions in AI software sales quotas amid customer reluctance [3] - Netflix shares fell by 6% following the sale of 375,470 shares by its chairman Reed Hastings [3] Cryptocurrency Market - The cryptocurrency market saw a collective surge, with Bitcoin rising above $92,000, reflecting a 3.89% increase [6][7] - Ethereum also experienced a significant rise of 6.67%, reaching $3,085, while other cryptocurrencies like Solana and XRP saw increases of 6.69% and 4.23% respectively [7] Economic Indicators - The U.S. "small non-farm" data exceeded expectations, indicating a surprising decrease of 32,000 jobs in the private sector for November [6] - The market is beginning to feel the impact of the potential new Federal Reserve chair, with Kevin Hassett being the leading candidate for the position, which may lead to a more dovish monetary policy [8]

Core Viewpoint - The majority of popular Chinese concept stocks experienced a decline, with the Nasdaq Golden Dragon China Index falling by 0.77% on December 3rd [1] Company Performance - Alibaba and Bilibili both saw their stock prices drop by over 2% [1] - NIO, NetEase, Baidu, and JD.com all experienced declines of over 1% [1]