上述会议要求，携程针对"强制开通、无法退出"等问题进行彻底整改，纠正各类不合理限制行为。充分 尊重商户自主经营权，严禁利用技术手段变相操控价格、限制交易，真正尊重商户自主定价权， 2025年12月，云南省旅游民宿行业协会对携程等OTA（在线旅游）平台启动不正当竞争反垄断维权，指 控在8月、9月旅游旺季期间，携程等个别OTA平台利用其市场支配地位，对云南民宿行业实施了包括但 不限于"二选一"霸王条款、单方面随意涨佣等不正当竞争行为。 去年，多地市场监管部门曾就规范经营行为约谈携程。2025年9月17日，郑州市市场监管局依法对携程 旅行网运营主体进行行政约谈，涉及其利用服务协议、交易规则和技术手段对平台内经营者的交易及交 易价格进行不合理限制的问题。 南都讯 记者李玲 发自北京 1月14日，据市场监管总局消息，近日总局根据前期核查，依据《中华人民 共和国反垄断法》，对携程集团有限公司涉嫌滥用市场支配地位实施垄断行为立案调查。 2025年8月5日，据贵州省市场监管局官网消息，该局集中约谈了携程等五家涉旅平台企业，要求相关平 台企业严格遵守《价格法》《反垄断法》等法律法规规章，坚决制止价格乱象，维护公平、有序、诚信 ...

Core Viewpoint - The Hong Kong stock market showed positive performance with the Hang Seng Index rising by 0.56% and the Hang Seng Tech Index increasing by 0.66% on January 14 [1]. Group 1: Technology Sector - Tech stocks strengthened again, with Alibaba Health rising nearly 19%, Alibaba and Bilibili increasing by over 5%, and Kuaishou and Huahong Semiconductor rising by over 4% [2]. Group 2: Gold Sector - The gold sector saw significant gains, with WanGuo Gold Group increasing by over 14%, Lingbao Gold rising by 5%, Chifeng Gold up by over 4%, and Laopu Gold increasing by over 3% [2]. - Specific stock performances include: - WanGuo Gold Group: 11.570, up 14.55% [3] - Lingbao Gold: 22.260, up 5.00% [3] - Chifeng Gold: 32.140, up 4.35% [3] - Laopu Gold: 685.500, up 3.39% [3] Group 3: Travel Sector - Ctrip Group closed down over 6% due to an investigation by the market regulatory authority for alleged monopolistic behavior, while Tongcheng Travel fell by over 3% [2].

恒指报收26999.81点，涨0.56%，恒生科技指数报收5908.26点，涨0.66%。大型科技股多数上涨，阿里 巴巴、哔哩哔哩涨超5%，快手涨超4%，百度集团涨近2%。阿里健康大涨近19%。携程集团尾盘下挫收 跌6.49%。（AI生成） 来源：第一财经 ...

Core Viewpoint - The State Administration for Market Regulation has initiated an investigation into Ctrip Group for suspected monopolistic behavior due to abuse of market dominance [2] Group 1 - The investigation is based on preliminary checks and is conducted under the Anti-Monopoly Law of the People's Republic of China [2]

Market Overview - The Hong Kong stock market experienced fluctuations on January 14, with the Hang Seng Index closing up 0.56% at 26,999.81 points, the Hang Seng Tech Index up 0.66% at 5,908.26 points, and the National Enterprises Index up 0.32% at 9,315.56 points. The Red Chip Index fell by 0.2% to 4,137.69 points [1] Company News - **Q Technology (01478.HK)**: Announced an expected net profit growth of approximately 400% to 450% for the year ending December 31, 2025 [2] - **China Coal Energy (01898.HK)**: Projected a 10.2% decrease in coal sales volume to approximately 256 million tons for 2025, with December sales down 23% year-on-year to 21.88 million tons [2] - **Keenovo Technology (01274.HK)**: Selected as a supplier for a Korean automotive group's driver assistance solutions for four vehicle models [2] - **Kanzai Real Estate (00832.HK)**: Reported a 16.3% decrease in property contract sales to 8.467 billion yuan for 2025 [3] - **China Resources Land (00754.HK)**: Estimated total contract sales of approximately 15.607 billion yuan for 2025, a decrease of 6.15% [4] - **Suteng Juchuang (02498.HK)**: Forecasted laser radar product sales of approximately 912,000 units for 2025 [5] - **Xiaocai Garden (00999.HK)**: Plans to establish a joint venture for online shopping and "community ready-to-eat stores" [6] - **GDS Holdings (09698.HK)**: Recovered approximately 95% of the investment principal from DayOne, with an investment return rate of nearly 6.5 times [7] - **China Biologic Products (01177.HK)**: Proposed to acquire 100% of Hejiya for a maximum base price of 12 million yuan to accelerate the development of the siRNA liver delivery platform [7] - **Fuhong Hanlin (02696.HK)**: Received acceptance from the FDA for the biological product license application for Hanbeitai® (Bevacizumab injection) [7] - **Xiaomi Group (01810.HK)**: Repurchased 4 million shares for 152 million HKD at prices between 37.94 and 38.04 HKD [8] - **Tencent Holdings (00700.HK)**: Repurchased 1.012 million shares for 636 million HKD at prices between 623 and 638 HKD [9] - **Sunny Optical Technology (02382.HK)**: Repurchased 640,000 shares for 41.78 million HKD at prices between 64.55 and 65.8 HKD [10] Institutional Insights - **Dongwu Securities**: Suggests that the window for the Federal Reserve to cut interest rates is limited this year, and the rebound of the Hong Kong stock market will depend on fundamental conditions. The overall strategy remains a barbell approach, focusing on value dividends and sectors like AI technology, non-ferrous metals, and innovative pharmaceuticals [11] - **CITIC Securities**: Notes that the Hong Kong market has lagged behind A-shares due to overseas liquidity dynamics. The US unemployment rate drop supports a pause in rate cuts, and the stabilization of the Shanghai Composite Index at 4,000 points limits downward pressure on Hong Kong stocks. Anticipates a rebound in tech stocks driven by sentiment recovery and southbound capital [12] - **Industrial Securities**: Recommends leading internet companies in the AI sector, expecting a resonance in buying from domestic and foreign investors. Also suggests focusing on dividend assets in a low-interest-rate environment, including insurance, banking, energy, and public utilities [12] - **Zheshang International**: Optimistic about sectors benefiting from policy support, such as new energy, innovative pharmaceuticals, and AI technology. Expects the Hong Kong market's performance in spring 2026 to be driven by "AI applications + PPI improvement + expanded domestic demand" [13]

责任编辑：何俊熹 专题：携程被市场监管总局立案调查 专题：携程被市场监管总局立案调查 港股携程集团尾盘跌近10%。消息面上，市场监管总局对携程立案调查。 港股携程集团尾盘跌近10%。消息面上，市场监管总局对携程立案调查。 责任编辑：何俊熹 ...

Core Viewpoint - The State Administration for Market Regulation has initiated an investigation into Ctrip Group for suspected monopolistic behavior based on the Anti-Monopoly Law of the People's Republic of China [1] Group 1 - The investigation is a result of prior checks conducted by the market regulation authority [1] - Ctrip Group is accused of abusing its dominant market position [1]

港股携程集团-S(09961.HK)集合竞价阶段快速下挫，现跌近9%。 来源：滚动播报 ...

| < 日 | | 携程集团-S(9961) | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | 集合竞价 01-14 16:05:51 | | | | | | 550.000 | | 额 26.57亿 股本 7.14亿 市盈" | | | 11.50 | 万得 | | -59.000 | -9.69% | 0.64% 市值 3924亿 市净 换 | | | 2.13 | 营口 | | 关时 | 五日 | 日K 周K | 月K | | 重义 | | | 叠加 | | | 均价: 580.114 | | 盘口 | 成交 | | 668.000 | | | 9.69% | | 卖10 554.500 | | | | | | | 至9 | 554.000 | | | | | | | 卖8 | 553.500 | | | | | | | 英7 | 553.000 | | | | | | | 重点 | 552.500 | -- | | | | | | 菜5 | 552.000 | | | 609.000 | | | 0.00% | 壶4 | 551.5 ...

市场监管总局依法对携程集团有限公司立案调查。 近日，市场监管总局根据前期核查，依据《中华人民共和国反垄断法》，对携程集团有限 公司涉嫌滥用市场支配地位实施垄断行为立案调查。 来源：央视新闻客户端 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c n e n e rg y） 责编丨李慧颖 ...