恒生科技指数延续下跌，跌幅扩大至1.22%，现报5294.94点。 华泰证券研报指出，港股上周先扬后抑。一方面，以全球"再通胀"交易与AI国产应用的升级为催化，有色等资源品、国产算力链与部分软件迎来反弹。另一 方面，AI格局在上市和非上市企业间的变化以及电商巨头内卷加剧的担忧压制权重股的表现。当前市场波动依然较高，本周适逢春节假期，影响市场的主 要因素或来自美股、春节期间消费、AI进展等。美股短期内或延续AI主线分化和高低切特征，对市场风偏影响中性；但国内消费高频数据和AI模型等已有 新进展。综合来看，建议均衡配置，短期重点关注直接受益于AI进展的存储等半导体硬件、特色消费α以及电气设备（新增）。 港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 大型科技股中，阿里巴巴-W跌2.7%，腾讯控股跌0.28%，京东集团-SW跌2.07%，小米集团-W跌3.09%，网易-S涨0.7%，美团-W跌1.77%，快手-W跌2.19%， 哔哩哔哩-W跌1.75%。 ...

Market Overview - The Hang Seng Index opened down 0.25% at 26,501.2 points, while the Hang Seng Tech Index fell 0.19% to 5,350.25 points, and the National Enterprises Index decreased by 0.08% to 9,025.6 points [1] - Major tech stocks experienced declines, with Alibaba down 1.8%, Tencent down 0.38%, and JD.com down 0.85%. However, Netease saw an increase of 1.83% [3][4] Industry Insights - Huatai Securities reported that the Hong Kong market experienced fluctuations last week, driven by global "reflation" trades and upgrades in AI domestic applications, leading to rebounds in resource products and certain software sectors. However, concerns over the intensifying competition among e-commerce giants suppressed the performance of heavyweight stocks [3] - The market remains volatile, with key factors influencing it being US stock performance, consumer activity during the Spring Festival, and advancements in AI technology [3] Regulatory News - The State Administration for Market Regulation held discussions with major platform companies including Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao, emphasizing compliance with various laws and regulations to enhance promotional practices [5] Company Developments - Qunhe Technology received approval from the China Securities Regulatory Commission for overseas issuance and listing, planning to issue up to approximately 312 million shares in Hong Kong, marking a significant step for the company [6] - China Merchants Energy signed shipbuilding contracts for one ethylene ship and eighteen oil tankers, totaling RMB 7.882 billion [7] - China Shenhua reported coal sales of 33.2 million tons in January, a year-on-year increase of 9.9%, and total electricity sales of 20.96 billion kWh, up 34.4% year-on-year [7] - China Southern Airlines saw a 1.1% decrease in passenger capacity and a 2.86% decline in passenger turnover in January, with a seat load factor of 83.26%, down 1.51 percentage points year-on-year [7] - China Eastern Airlines reported a 3.54% decrease in passenger capacity and a 1.03% decline in passenger turnover, with a seat load factor of 85.01%, up 2.16 percentage points year-on-year [7] - Huizhong Network completed the acquisition of a 25% stake in Jintongling, advancing its "production and sales integration" strategy [7] Performance Metrics - China General Nuclear Power completed 1,647.8 GWh of electricity generation in January, a year-on-year increase of 7.9% [8] - R&F Properties reported a contract sales revenue of approximately RMB 720 million in January, down 8.05% year-on-year [9] - Hopson Development Group recorded a contract sales amount of approximately RMB 591 million in January, a year-on-year increase of 24.95% [10] - Kaisa Group reported contract sales of RMB 325 million in January, down 35.3% year-on-year [11] - Jianye Real Estate reported contract sales of RMB 398 million in January, a year-on-year decrease of 31.1% [12] - Shanghai Fudan projected total revenue of approximately RMB 3.982 billion for 2025, a year-on-year increase of 10.92%, but a net profit decrease of 59.42% [12] - Ruian Real Estate issued a profit warning, expecting a net loss of between RMB 1.7 billion and 1.8 billion for the 2025 fiscal year [12]

"今年我们一家人准备去广东和香港过春节。潮汕很火，我们特意在潮州预订了年夜饭，还准备在汕头 看英歌舞，再带老人去深圳的中英街、香港的太平山顶看看，找寻时代记忆。" 在北京工作的桂先生策 划了一家十口人的春节旅行，他提前一个月就规划好从北京、重庆、武汉等地出发，在广州会合的行 程。 今年春节假期共9天，是"最长春节假期"。像桂先生一家人一样，选择走得更远、玩得更久的人不在少 数。 不少消费者提前规划家庭出游行程。美团旅行数据显示，马年春节"酒店提前订"订单同比增长 63%，"跨城连住2天以上"订单同比增长65%，"全家出游订酒店"订单占比超六成。飞猪数据显示，春节 假期出行机票预订量同比增长55%，租车预订量同比增长97%，包车游预订量同比增长111%。 注重"在地体验" 春节出境游同样火热，飞行距离适中、春节氛围浓郁、免签便利的东南亚地区仍然是国人海外过年首选 地。同程旅行数据显示，春节出境游热门目的地前十名包括曼谷、吉隆坡、胡志明市等。 此外，中国游客出境游的飞行半径显著拉长，主打差异化体验的出境游玩法受热捧。飞猪数据显示，出 境游服务预订量同比增长近40%，春节出境游预订量前二十位的国家中，位于"八小时飞 ...

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (71.26%), Haotian International Investment (70.78%), and Gree Power Environmental (68.78%) [1] - Tencent Holdings, Meituan-W, and China National Offshore Oil Corporation saw the largest increases in holding amounts over the last five trading days, with increases of +1.071 billion, +937 million, and +811 million respectively [1] - The largest decreases in holding amounts were observed in the Yingfu Fund (-4.085 billion), Hang Seng China Enterprises (-1.359 billion), and China Mobile (-780 million) [2] Group 1: Hong Kong Stock Connect Holding Ratios - China Telecom (00728) has a holding of 9.891 billion shares, representing 71.26% [1] - Haotian International Investment (01341) has a holding of 7.855 billion shares, representing 70.78% [1] - Gree Power Environmental (01330) has a holding of 278 million shares, representing 68.78% [1] Group 2: Recent Increases in Holdings - Tencent Holdings (00700) increased its holding by +1.071 billion, with a change of +2.0125 million shares [2] - Meituan-W (03690) increased its holding by +937 million, with a change of +11.4088 million shares [2] - China National Offshore Oil Corporation (00883) increased its holding by +811 million, with a change of +33.4436 million shares [2] Group 3: Recent Decreases in Holdings - Yingfu Fund (02800) decreased its holding by -4.085 billion, with a change of -152.537 million shares [2] - Hang Seng China Enterprises (02828) decreased its holding by -1.359 billion, with a change of -14.6972 million shares [2] - China Mobile (00941) decreased its holding by -780 million, with a change of -9.9762 million shares [2]

Core Insights - The article highlights the top short-selling stocks in the market, with BYD Company Limited (81211) leading with a short-selling ratio of 100.00% [1][2]. Group 1: Short-Selling Ratios - BYD Company Limited (81211) has a short-selling ratio of 100.00% [2][3]. - JD.com (89618) follows with a short-selling ratio of 97.67% [2][3]. - Kuaishou Technology (81024) has a short-selling ratio of 80.79% [2][3]. Group 2: Short-Selling Amounts - Meituan (03690) has the highest short-selling amount at 2.11 billion [2]. - Alibaba Group (09988) follows with a short-selling amount of 1.673 billion [2]. - Xiaomi Corporation (01810) has a short-selling amount of 1.482 billion [2]. Group 3: Deviation Values - BYD Company Limited (81211) has the highest deviation value at 44.67% [3]. - Jinfang Pharmaceutical (02595) has a deviation value of 35.39% [3]. - Kuaishou Technology (81024) has a deviation value of 34.76% [3].

Core Viewpoint - The social work departments of Zhenjiang city and its districts are actively engaging with new employment groups, community workers, party workers, and volunteers to convey organizational care and extend New Year greetings [1] Group 1: Community Engagement - The main officials from the municipal social work department led visits to various locations, including Meituan delivery stations and community sites, to communicate directly with delivery riders, business leaders, and outstanding volunteers [1] - During these visits, the officials expressed gratitude for the contributions made by these groups to social work and emphasized the importance of safety and work-life balance for delivery riders [1] Group 2: Support and Encouragement - The social work department encouraged business associations to maintain party leadership and support high-quality development, while also motivating volunteers to mentor and inspire younger individuals to engage in volunteer services [1] - Additional team members conducted visits to emerging sectors and grassroots communities, addressing urgent needs and helping to resolve practical issues faced by various groups [1] Group 3: Outreach Impact - The social work departments at both city and district levels coordinated efforts, resulting in over 370 visits to service recipients, including disadvantaged party members, emerging sector party workers, community workers, professional social workers, and volunteers [1] - This initiative aimed to provide warmth and support at both individual and community levels, enhancing overall social welfare [1]

Core Viewpoint - Douyin Group's Vice President Li Liang announced that the 2026 CCTV Spring Festival Gala will be the first global event to deeply apply domestically developed AI video generation models, specifically the Seedance 2.0 project [1]. Group 1 - The Seedance 2.0 model from ByteDance has recently launched and gained significant attention, leading to a surge in related A-share concept stocks [1]. - As of February 10, Seedance 2.0 went viral on social media, prompting a collective rise in A-share stocks related to the concept [1]. - On February 11, a Securities Times reporter confirmed that Douyin's Jimeng AI has launched Seedance 2.0 and temporarily opened it to all users, although the high demand has resulted in longer video generation wait times [1]. Group 2 - Li Liang emphasized the importance of maintaining and strengthening anti-infringement strategies, noting that the platform currently does not support the generation of digital avatars using real human faces or IP images from brands like Disney [1]. - Users are required to undergo real-person verification to create digital avatars, and any issues can be reported for follow-up [1].

朋友们，我是帮主郑重。昨晚，当情人节玫瑰还没卖完时，中国互联网圈炸开了一颗惊雷——美团发布 盈利预警，2025年净亏损233亿到243亿！ 而就在一年前，这家公司还赚了358亿。一年时间，利润表上近600亿的惊天逆转，相当于每天一睁眼就 亏掉1.6亿。 今天，咱们就穿透这串天文数字，看看一场席卷中国互联网的"外卖三国杀"，如何将曾经 的现金奶牛拖入流血战场。 第一幕：产业的"囚徒困境"——护城河被资本填平 时间回到2024年。美团的核心本地商业分部，还是那头年赚524亿的现金奶牛。但2025年，一切都变 了： • 阿里整合饿了么+淘宝闪购，放话"三年不盈利"，砸下640亿市场费用； • 京东高调入局外卖，打出"骑手五险一金全覆盖"王牌，直击美团336万外包骑手的软肋； • 抖音凭借流量优势，疯狂侵蚀到店业务份额。 美团陷入了经典的囚徒困境：不跟补贴，份额流失；跟补贴，利润崩塌。 它选择了后者，结果就是核 心业务从盈利524亿转为亏损70亿。 第二幕：趋势的"生死拐点"——从价格战到基础设施竞赛 这场战争，早已不是简单的外卖大战，而是即时零售"万物到家"的终极对决。 • 赛道规模：中国即时零售市场2026年将突 ...

近日，人力资源社会保障部等7部门对美团等国内多家知名平台企业开展用工行政指导，明确要求落实 用工主体责任、规范算法管理、保障新就业形态劳动者基本权益。 消费者能接受多少涨价？这种涨价能否常态化？如果用户因价格敏感大幅减少使用，反而可能倒逼平台 通过技术提效、流程优化来降低成本，而非简单转嫁。真正的考验，不是平台敢不敢涨，而是我们每一 位消费者愿不愿意为"安心"买单，为劳动者的尊严买单。 我们曾习以为常的便利，某种程度上，是建立在劳动者低保障基础之上的。当"困在系统里"成为社会热 词，当深夜街头仍有骑手冒雨奔忙，公众逐渐意识到，没有劳动者的安全与尊严，就没有真正可持续的 服务。 从"便宜饭"走向"安心饭"，是中国经济迈向高质量发展的必然选择。国家出手校正航向，推动构建责任 共担、风险共御、成果共享的新生态，值得期待。 当一名骑手在暴雨中摔伤却无法认定工伤，当一名快递员因超时被系统自动罚款，这些风险最终由个人 乃至整个社会承担。 如今，监管层推动"谁受益、谁担责"，正是要将长期被忽视的社会成本重新内化到平台运营体系之中。 成本上浮已成行业共识。部分业内人士向记者透露，仅社保参保与职业伤害保障一项，就可能推高单均 ...

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 英媒：若美解除制裁，伊朗已准备考虑做出妥协以达成核协议 美军被曝正为潜在的"持续数周"的对伊军事行动作准备 美国1月核心CPI创近5年新低 美政府或削减钢铝关税？纳瓦罗：毫无事实依据 美财长：参院同意推进沃什美联储主席任命听证 据悉欧佩克+正倾向于从4月起恢复石油增产 国投瑞银白银LOF赔偿方案出炉 豆包大模型宣布正式进入2.0阶段 深圳出手规范黄金市场 中国宣布对加拿大、英国实施阶段性免签政策 市场盘点 上周一，美元指数维持横盘，日内基本持平，最终收报96.85。由于科技股抛售潮延续支撑了美债的避险吸引力，美债收益率延续跌势，基准的10年期美债 收益率收报4.05%，对美联储政策利率敏感的2年期美债收益率收报3.41%。 温和的1月美国CPI报告提升了美联储年中前降息的可能性，现货黄金盘中拉升，重回5000美元大关，日内涨超120美元，最终收涨2.5%，报5043.11美元/盎 司；现货白银两度触及79美元关口后回落，最终收涨2.97%，报77.43美元/盎司 ...