智通财经2月3日讯（编辑 冯轶）据Wind数据显示，南向资金今日成交约1264亿港元，较前一日缩量约119亿；约占今日恒指成交总额的37.72%，占比继续低 于四成，且降至短线低点。 港股今日短线企稳，南向资金净流入约9.52亿港元。其中，沪港股通净流入约17.33亿港元，而深港股通净流出约7.81亿港元。 不过，盈富基金(02800.HK)作为场内最大规模的ETF遭净卖出37.62亿港元，显示仍有部分资金继续流出。 个股方面，交易所数据显示，今日南向资金 大幅净买入：腾讯控股(0700.HK)19.55亿港元；中国移动(00941.HK)4.08亿港元；美团-W(03690.HK)2.41亿港元。 大幅净流出：中芯国际(00981.HK)15.77亿港元；阿里巴巴-W(09988.HK)11.99亿港元；快手-W(01024.HK)3.68亿港元；长飞光纤光缆 (06869.HK)1.72亿港元。 投资要点 腾讯控股今日跌2.92%，资金前5日加仓663万股，短线继续流入。 中国移动今日涨0.38%，资金前5日减持4164万股，短线仍以流出为主。 美团-W今日跌1.74%，资金前5日减持655万股，短线仍以 ...

【导读】游戏税收传闻触发抛售？新华社已辟谣！ 中国基金报记者 储是 今日港股大市转暖企稳，盘中税收传闻导致大型科网股集体走弱，腾讯控股日成交额超375亿港元。 新华社发布报道《游戏等行业增值税税率要提高？专家表示没有可信度》，表示这些传言并不具备真实性。 手游股也承压 今日盘中，关于调整游戏、金融等行业增值税税率的传言在部分网络平台上传播。其中，提及金融业、互联网增值服务等或将面临增值税税率上调，游戏 行业的税率有可能从6%调高至32%。 日前，中国移动等三大运营商发布公告，宣布将按照1月1日发布的《关于增值税征税具体范围有关事项的公告》有关规定，统一执行新的增值税税率—— 由原有的6%调升至9%。 受此消息影响，港股科网股今日跌势靠前，恒生科技指数盘中一度跌近4%，截至收盘，跌幅收窄。手机游戏板块同样承压。 港股大市转暖企稳 2月3日，港股大市转稳。截至收盘，三大指数表现不一，恒生指数上涨0.22%，报收26834.77点；恒生科技指数下跌1.07%，报收5467.26点；恒生国企指 数跌0.30%，报收9053.11点。 今日盘中，市场出现一则税收"小作文"，三大指数一度跳水，恒生科技指数成份股集体大幅回 ...

文｜犀牛娱乐 小福 编辑｜朴芳 70岁的成龙，出现在了小红书。 上周五，自称"70岁小红书萌新"的成龙正式开通小红书账号。在发布其账号第一条视频后，成龙还在评 论区与网友语音、留言互动。截至发稿前，该账号粉丝数已突破41万。 在平台急需完成用户扩张的时期，明星被视为一种能够迅速放大声量、建立规模认知的"现成资产"。高 额签约费、集中式曝光、站内活动协同，本质上都是为了在最短时间内制造"平台已经足够大"的认知。 在这一阶段，明星入驻的核心逻辑并不在于内容本身，而在于其是否能够在短期内完成声量、日活与平 台势能的可视化放大。 2020年前后，这套逻辑被推向极致。 这一年，抖音在日活突破6亿后开始系统性搭建明星生态，通过邀请赵丽颖、林俊杰、陈奕迅等头部艺 人的集中入驻，强化"视频朋友圈"的大众认知。 快手则以独家版权合作吸引周杰伦入驻，主打"情怀牌"，推出"周同学"账号，承诺"全网唯一"标签。当 时，周杰伦首条视频便收获264万点赞，话题#周杰伦账号开始营业了#冲上了微博热搜第一。之后该账 号粉丝量一路攀升至4800万（截至2022年），单场直播最高在线人数超654万。 同一时期，成龙也入驻快手，主打动作片情怀与接 ...

晚会再次见到岳云鹏、黄晓明等国民老朋友，奠定扎实的表演基础与广泛共鸣；陈立农、蒲熠星、唐九 洲等新生代偶像的加入，则为晚会注入了鲜明的青春气息，精准连接年轻观众。经典搭档杜海涛与吴昕 将同台重现欢乐基因，带来沉浸式互动体验。而"喜人"孙天宇、蒋易、王男、王广将贡献独特的喜剧看 点。此外，阵容还囊括了彭小苒、谭维维、安崎、上官喜爱、乌兰图雅、NAME组合、奔赴少年CIIU等 多领域实力创作者，多元化的表演形式将同台绽放，充分展现艺术的融合魅力。 众星以热爱赴舞台，以欢喜迎马年。他们将在小年夜的舞台上，用歌声、舞蹈、互动等多种形式，串联 起年味与新意，为观众呈现一场"嗨到跺脚"的新春狂欢。目前，用户上快手搜索"快手马年星晚"，即可 提前解锁明星阵容花絮，让年味提前解冻。 多重互动玩法上线 全民参与赢好礼直通现场 除了豪华的明星阵容，快手马年星晚更注重"全民参与感"，打造了四大互动玩法，为用户准备了 iPhone、金条等多重硬核好礼，并开通了"直通晚会现场"的专属通道，让每一位用户都能从旁观者变为 参与者。 乙巳辞旧岁，丙午启新程。随着马年新春的脚步日渐临近，年味氛围愈发浓厚。为了给全国用户献上一 场兼具仪式感与烟 ...

Market Overview - Global stock markets experienced a rebound after a liquidity shock led to a significant drop, indicating that the bull market trend remains intact [1] - Precious metals such as gold and silver saw a strong recovery, with spot gold rising above $4900 per ounce, up over 5%, and spot silver reaching $86.10 per ounce, up 8.7% [1] Precious Metals Performance - Current prices and year-to-date performance for key precious metals are as follows: - London Gold: $4926.110, up 5.73% today, up 14.08% YTD [2] - London Silver: $86.602, up 9.44% today, up 20.99% YTD [2] - COMEX Gold: $4906.8, up 5.46% today, up 12.50% YTD [2] - COMEX Silver: $85.840, up 11.47% today, up 20.94% YTD [2] Asian Market Performance - Asian markets showed strong rebounds, with the following indices: - Korea Composite Index: up nearly 7% [2] - Nikkei 225: up nearly 4% [2] - Taiwan Weighted Index: up nearly 2% [2] - The Shanghai Composite Index rose by 1.29%, while the ChiNext Index increased by 1.86% [3] Market Sentiment and Trading Volume - Today's market rebound is viewed as a short-term recovery following the previous day's liquidity shock, with trading volume slightly decreased compared to yesterday [5] - The financing balance in the market decreased by 5.93 billion yuan, indicating that the market did not exhibit extreme panic [5] Key News and Developments - Iranian President ordered the initiation of nuclear talks with the U.S., with high-level meetings expected soon [5] - U.S. President Trump announced a reduction in tariffs on Indian goods from 25% to 18%, and India agreed to cease purchasing Russian oil [5] - Speculation about potential tax adjustments on the financial and internet sectors led to significant declines in stocks of major internet companies like Tencent and Alibaba [6] Company-Specific Developments - Cambrian's stock plummeted over 13% due to rumors of lowered earnings expectations, despite the company denying these claims [8] - The semiconductor sector saw a surge, with companies like Chipone Technology rising over 9% amid competitive pressures [9] CPO Sector Activity - The CPO sector experienced significant gains, with stocks like Robotech hitting the daily limit, driven by positive reports on CPO progress and technology validation [11] - SpaceX confirmed a merger with xAI, aiming to establish data centers in space, which has led to a surge in stocks related to space photovoltaics and commercial aerospace [12]

Group 1 - The Hong Kong stock market's technology sector is experiencing a downturn, with the Hang Seng Technology ETF (520980) declining by 0.45% for the fourth consecutive day, despite a significant increase in trading volume to nearly 600 million HKD [1] - The Hang Seng Technology ETF (513260) saw a drop of 0.43%, reaching a year-to-date low, but managed to attract over 51 million HKD in inflows over the past two days, with its latest financing balance exceeding 140 million HKD and total fund size surpassing 7.2 billion HKD [3] - There are rumors regarding potential increases in VAT rates for the gaming and financial sectors, which have been deemed unsubstantiated by experts, indicating that the current VAT rates for these industries are stable and will not change significantly [5] Group 2 - Major technology stocks in Hong Kong mostly closed lower, with Kuaishou down over 4%, Tencent and SMIC down over 2%, while Huahong Semiconductor rose over 4% [6] - The Hang Seng Technology Index includes major companies like JD.com, Baidu, and NetEase, providing a comprehensive representation of top-tier technology assets in China [14] - Analysts suggest that the recent nomination of the Federal Reserve Chair may lead to increased volatility in the Hong Kong stock market, particularly affecting sectors that previously performed well [8][9]

2月3日，香港恒生指数收涨0.22%，恒生科技指数跌1.07%。 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | | 恒生指数 | 26834.77 | 59.20 | 0.22% | | 恒生科技 | 5467.26 | -59.05 | -1.07% | | 恒生生物科技 | 15086.65 | 236.76 | 1.59% | | 恒生中国企业指数 | 9053.11 | -27.08 | -0.30% | | 恒生综合指数 | 4109.45 | 15.58 | 0.38% | 编辑丨瑜见 | 名称 | 现价 | 涨跌幅 ▼ | | --- | --- | --- | | 万国黄金集团 | 14.670c | 13.63% | | 紫金黄金国际 | 217.200c | 7.85% | | 龙资源 | 7.780c | 7.31% | | 赤峰黄金 | 37.540c | 7.13% | | 中国白银集团 | 0.680 c | 6.25% | | 漳关黄金 | 3.290 c | 6.13% | | 灵宝黄金 | 22.440c | 5.85% | ...

快手跌超4%， 百度集团跌超3%； 中芯国际、哔哩哔哩跌超2%，阿里巴巴、美团、小米集团等跌超1%；华虹半导体、美的集团、网易等走高。 | 名称 | 现价 | 涨跌幅 - | | --- | --- | --- | | 快手-W | 73.450c | -4.61% | | 百度集团-SW | 141.400 c | -3.61% | | 腾讯控股 | 581.000 c | -2.92% | | 哔哩哔哩-W | 253.000 c | -2.54% | | 中古国际 | 70.450 c | -2.42% | | 美团-W | 93.200 c | -1.74% | | 蔚来-SW | 36.340 c | -1.46% | | 零跑汽车 | 39.600 c | -1.44% | | 阿里巴巴-W | 161.000 c | -1.41% | | 小米集团-W | 34.600 c | -1.31% | | 比亚迪股份 | 90.000 c | -1.10% | | 京东健康 | 60.300 c | -1.07% | | 金山软件 | 29.180c | -1.02% | | 京东集团-SW | 10 ...

Market Overview - The Hong Kong stock market experienced significant volatility, with the Hang Seng Index dropping over 1% at one point before closing with a slight rebound, ending at 26,834.77 points, up 59.20 points, or 0.22% [12][2] - The Hang Seng Tech Index fell over 3% during the day but narrowed its losses by the end, closing at 5,467.26 points, down 59.05 points, or 1.07% [15][4] Tax Rumor Impact - A rumor regarding a potential increase in value-added tax rates for the financial and internet value-added services (such as in-game purchases and advertising) led to market turbulence, particularly affecting Tencent Holdings, which saw its stock drop over 6% intraday and close down 2.92% [14][3] - A brokerage firm clarified that the claim of aligning game tax rates with the 32% rate for liquor is misleading, as the two tax types differ significantly in nature and application [18][6] Market Sentiment and Reactions - The brokerage noted that the rumor is typical market noise, likely stemming from an over-interpretation of a single policy document, and suggested that the actual future tax regulations would focus on reviewing tax incentives for certain companies rather than increasing statutory rates [18][6] - The firm emphasized that the core drivers for internet leading companies remain their business growth, AI commercialization, and profitability, indicating that short-term emotional disturbances do not alter long-term fundamentals [18][6] Precious Metals Market - Following a sharp decline, the precious metals market showed signs of stabilization, with spot gold recovering above $4,900 and silver returning above $86 [20][8] - The long-term outlook for precious metals remains positive, with expectations that the de-dollarization process will continue, and the recent price adjustments do not signify the end of the bull market [20][8] Fund Flows - Southbound funds continued to show small-scale net buying of Hong Kong stocks, with a net purchase exceeding 900 million HKD by the end of the trading day [21][9] Future Outlook - Analysts from Guoyuan International expressed concerns that the nomination of a hawkish Federal Reserve chair could lead to market apprehension regarding potential adjustments in monetary policy, impacting risk appetite in the Hong Kong market [23][11] - CITIC Securities indicated that earnings expectations for Hong Kong stocks have already undergone significant adjustments, and the spring market trend observed since late December 2025 is likely to continue, with large-cap stocks expected to yield relative returns [23][11]

Core Insights - The New Year shopping festival serves as a critical marketing node for brands to capture consumer demand and gain a competitive edge for the year ahead [1] - Kuaishou's Magnetic Engine provides a comprehensive operational solution for merchants, focusing on traffic strategies, tool empowerment, and policy support to meet diverse industry needs [1] Group 1: AI Tools and Smart Investment - AI tools and precise investment strategies are essential for merchants to reduce costs and enhance efficiency during digital marketing [1] - The brand Yalu Fangge optimized its content strategy and utilized AI tools to significantly increase promotional spending by 92% during the New Year festival, achieving a 129% increase in daily average spending compared to December [1] - Baiyunshan leveraged AI tools and health-focused materials to enhance operational efficiency, resulting in a 30% increase in advertising spending during the early bird period and a 200,000 increase in material exposure [1] Group 2: C Subsidy Policies and Comprehensive Collaboration - Kuaishou's C subsidy policy aims to lower operational costs for merchants and stimulate consumer potential, helping them break through competitive bottlenecks [1][2] - The brand Deyou utilized a 16% C subsidy and a multi-matrix approach to improve its live streaming engagement by 22% and enhance its infrastructure by 50%, leading to a 9% increase in ROI [2] Group 3: Fine-tuned Operations and Long-term Brand Growth - Fine-tuned operations are crucial for merchants to build brand assets and explore new growth opportunities amid concentrated consumer demand [3] - The brand Fuyan Jie optimized its promotional strategies and enhanced user purchase intent, achieving a 200% increase in spending and a 161% increase in product CTR during the New Year festival [3] - The brand Qingquan Runjia shifted its operational strategy to a product and brand combination model, resulting in a 108% increase in ROI during the festival [4] Group 4: Market Adaptation and Product Strategy - The brand Meierya focused on expanding its product line during the New Year festival, utilizing a price-cutting strategy and various promotional methods to drive sales [5] - The overall operational ecosystem of Kuaishou supports brands, factories, and newcomers in finding suitable growth paths, emphasizing the platform's capability to adapt to market demands [6]