这数字什么概念？相当于某些小国几十年都挣不回来的家底。而美国，只是动动手指，敲敲键盘，钱就 进了自己的腰包。 更扎心的是，这还不是全部。 两个案子就占了近200亿——一个叫陈志，一个叫赵长鹏。一个被没收150亿美元，一个被罚了43亿美 元。一前一后，一黑一白，愣是把全球虚拟货币市场割得鲜血淋漓。 ——镰刀挥向全球，却打着法律的旗号，这才是最高级的收割 说实话，看完这份最新报告，脑子里蹦出一句话： "你以为你在炒币，其实你在给美国交税。" 2月26日，国内几个权威部门联合甩出一份报告，揭开了一个让人目瞪口呆的事实——过去三年，美国 通过各类案件，累计从全球没收了超过300亿美元的虚拟货币资产。 300亿美元。 这哪是什么"打击犯罪"？这分明是一场精心设计的"数字围猎"。 ...

Core Viewpoint - The leading technology and internet stocks in Hong Kong, particularly Tencent Holdings, are experiencing a continued decline in stock prices, influenced by market rumors regarding potential tax increases on internet value-added services and other underlying factors [1][2]. Group 1: Stock Performance - Tencent Holdings' stock price fell to 542 HKD per share as of February 5, 2026, with a market capitalization of approximately 4.94 trillion HKD, down from a peak of 625 HKD per share in late January 2026 [1]. - Other Hong Kong tech stocks, such as Alibaba-W and Kuaishou-W, also saw declines exceeding 3% on February 5, 2026 [1]. - Despite a net inflow of approximately 22.31 billion HKD and 11.71 billion HKD from southbound funds into Tencent and Alibaba, respectively, the market remains volatile [1]. Group 2: Market Influences - The recent stock volatility is attributed to rumors of potential tax increases on internet value-added services, which have caused market sensitivity regarding future tax policies, including the possibility of a "digital tax" or tiered corporate income tax [1][2]. - Tencent is currently in a buyback blackout period, which has removed a key support mechanism for its stock price, making it more vulnerable to bearish market movements [2]. - The company has conducted over 40 buybacks since November 18, 2025, totaling more than 25 billion HKD, with the last buyback occurring on January 15, 2026, at prices between 619 HKD and 632 HKD [2]. Group 3: Business Fundamentals - Despite the stock price decline, Tencent Holdings continues to show robust fundamentals, with double-digit revenue growth reported in its Q3 2025 results, driven by AI technology enhancing advertising precision and gaming engagement [3]. - As one of the largest weighted stocks in the Hong Kong market, Tencent's performance significantly impacts the Hang Seng Tech Index [3]. - The company's ability to rebound in the spring of 2026 may depend on the upcoming earnings season [3].

Core Viewpoint - The U.S. government has publicly named several European multinational companies, warning that if the EU does not change its regulatory approach towards U.S. tech giants, the U.S. will have "no choice" but to retaliate [2] Group 1: U.S. Government's Position - The U.S. Trade Representative (USTR) accused the EU and its member states of continuously applying discriminatory and harassing lawsuits, taxes, fines, and directives against U.S. service providers [2] - USTR emphasized that if the EU continues to restrict U.S. service providers' competitiveness through discriminatory means, the U.S. will have to use all available tools to counter these unreasonable measures [2] - The USTR's statement specifically named several European companies, indicating that these firms have enjoyed a highly free operating environment in the U.S. market for decades [2] Group 2: Historical Context of U.S.-EU Relations - The U.S. has long been dissatisfied with the digital tax imposed by Europe, viewing it as a non-tariff trade barrier that harms American businesses [3] - President Trump has previously threatened to impose "substantial" tariffs on countries implementing digital taxes, and the U.S. Congress considered a provision for "revenge tax" against countries deemed discriminatory [3] - Following a significant fine against Google by the EU, Trump warned that he would be forced to invoke Section 301 to overturn such "unfair penalties" to protect U.S. taxpayer interests [4] Group 3: EU's Response - The European Commission responded to the USTR's statement by asserting that the EU is an open and rules-based market, where rules are applied fairly and equally to all companies operating within the EU [6] - EU Trade Commissioner Šefčovič acknowledged that while a trade agreement framework has stabilized relations with the U.S., unexpected issues may arise that require ongoing management efforts [6] - The EU remains firm in its stance on protecting its digital and technological sovereignty, with Šefčovič stating that the EU will safeguard its technological independence [6] Group 4: Ongoing Investigations and Regulatory Changes - Recent reports indicate that the EU has initiated new investigations into U.S. tech companies, including Google, Microsoft, Amazon, and Meta [7] - Despite a strong regulatory approach towards tech giants, the EU is also simplifying regulations related to AI, cybersecurity, and data, aiming to reduce administrative burdens on European companies [7] - The EU regulatory bodies are shifting towards a more flexible model, focusing on data-intensive companies and providing certain exemptions for small and medium-sized enterprises [7]

Core Viewpoint - The article discusses the escalating tensions between the U.S. and the EU regarding digital taxation and regulatory practices, highlighting the U.S. government's warning to retaliate against perceived discriminatory measures against American tech companies [3][5]. Group 1: U.S. Government's Position - The U.S. Trade Representative (USTR) has publicly named several European companies, warning that if the EU does not change its regulatory approach towards U.S. tech giants, the U.S. will have no choice but to retaliate [3][5]. - USTR's statement emphasizes that the U.S. will utilize all available tools to counteract what it views as unreasonable measures imposed by the EU [3][5]. - The U.S. has a long-standing dissatisfaction with the EU's digital services tax, which it perceives as a non-tariff trade barrier harming American businesses [5][6]. Group 2: Specific Companies Named - The USTR specifically mentioned European companies such as DHL, SAP, Siemens, Mistral, Capgemini, Publicis Groupe, Accenture, and Spotify as beneficiaries of a favorable operating environment in the U.S. [5]. - The U.S. has previously threatened to impose substantial tariffs on countries implementing digital taxes that it considers discriminatory [5][6]. Group 3: EU's Response - The European Commission responded by asserting that the EU is an open market where rules apply fairly to all companies, regardless of origin [10]. - EU Trade Commissioner Valdis Dombrovskis acknowledged the need for ongoing efforts to manage relations with the U.S. while maintaining a firm stance on digital and technological sovereignty [10][11]. - The EU has initiated new investigations into U.S. tech companies, including Google, Microsoft, Amazon, and Meta, indicating a continued commitment to regulatory oversight [11]. Group 4: Regulatory Developments - The EU is also working on simplifying regulations related to AI, cybersecurity, and data, aiming to reduce administrative burdens on European companies [11]. - There is a shift in the EU's regulatory approach, moving towards a more flexible model that does not apply a one-size-fits-all strategy, particularly benefiting data-intensive companies and small to medium enterprises [11].

Core Viewpoint - The U.S. government has publicly named several European multinational companies, warning that if the EU does not change its regulatory approach towards U.S. tech giants, the U.S. will have "no choice" but to retaliate [1] Group 1: U.S. Government's Position - The U.S. Trade Representative (USTR) accused the EU and its member states of discriminatory and harassing legal actions, taxes, fines, and directives against U.S. service providers [1] - USTR emphasized that if the EU continues to impose discriminatory measures that limit U.S. service providers' competitiveness, the U.S. will utilize all available tools to counter these unreasonable actions [1] - The U.S. has a long-standing dissatisfaction with digital taxes imposed by Europe, viewing them as non-tariff trade barriers that harm American businesses [2] Group 2: Specific Companies Named - The USTR specifically named several European companies, including Germany's DHL, SAP, Siemens, France's Mistral, Capgemini, Publicis Groupe, Ireland's Accenture, and Sweden's Spotify [2] - The U.S. has previously threatened substantial tariffs against countries implementing digital taxes targeting American tech companies [2] Group 3: EU's Response - The EU Commission responded by stating that it is an open market where rules apply fairly and equally to all companies operating within the EU [6] - EU Trade Commissioner Šefčovič acknowledged that while the framework agreement has stabilized relations with the U.S., unexpected issues may arise, requiring ongoing management efforts [6] - The EU is committed to protecting its technological sovereignty, indicating a firm stance against U.S. pressures [6][7] Group 4: Regulatory Developments - Recent investigations by the EU into U.S. tech companies like Google, Microsoft, Amazon, and Meta reflect the EU's strong regulatory approach [7] - Despite stringent regulations, the EU is also moving towards a more flexible regulatory model, aiming to reduce administrative burdens on European companies [7]

Core Viewpoint - The U.S. government has publicly named several European multinational companies, warning that if the EU does not change its regulatory approach towards U.S. tech giants, the U.S. will have "no choice" but to retaliate [1] Group 1: U.S. Government's Position - The U.S. Trade Representative (USTR) accused the EU and its member states of discriminatory and harassing legal actions, taxes, fines, and directives against U.S. service providers [1][2] - USTR emphasized that if the EU continues to impose discriminatory measures, the U.S. will utilize all available tools to counter these unreasonable actions [1] - The U.S. has a long-standing dissatisfaction with digital taxes imposed by Europe, viewing them as non-tariff trade barriers that harm American businesses [2] Group 2: Specific Companies Named - The USTR specifically named several European companies, including DHL, SAP, Siemens, Mistral, Capgemini, Publicis Groupe, Accenture, and Spotify, indicating that these companies have enjoyed a favorable operating environment in the U.S. for decades [2][3] - The U.S. has threatened to impose substantial tariffs on countries that implement digital taxes targeting American tech companies [2] Group 3: EU's Response - The EU Commission responded by asserting that it is an open market where rules are applied fairly and equally to all companies operating within the EU [6] - The EU Trade Commissioner acknowledged that while the recent trade agreement framework has stabilized relations with the U.S., unexpected issues may still arise [6] - The EU is committed to protecting its technological sovereignty, indicating a firm stance against U.S. pressures [6][7] Group 4: Regulatory Developments - Recent investigations by the EU into U.S. tech companies like Google, Microsoft, Amazon, and Meta reflect the EU's strong regulatory approach [7] - The EU is also simplifying regulations related to AI, cybersecurity, and data, aiming to reduce administrative burdens on European companies and create more growth opportunities [7]

Group 1: Economic and Market Developments - Trump is set to interview current Federal Reserve Governor Waller for the position of Fed Chair, with an announcement expected in early January [1] - The U.S. stock market showed mixed results, with the Dow down 0.62% and the Nasdaq up 0.23%, while major tech stocks like Tesla and Meta saw gains [2] - The international oil prices declined, with WTI crude oil futures dropping to $55.27 per barrel, a decrease of nearly 2.73% [2] Group 2: Corporate News and Developments - AMD's CEO Lisa Su visited Lenovo's headquarters in Beijing, showcasing Lenovo's latest products and technologies [4] - Apple is expected to launch at least seven new iPhone models by fall 2027, including a foldable iPhone and a 20th-anniversary edition [5] - XPeng Motors received a license for L3 autonomous driving road tests in Guangzhou, while Huawei's Hongmeng Zhixing began internal testing for L3 capabilities [6] Group 3: Regulatory and Policy Changes - The EU plans to abandon the 2035 ban on internal combustion engines, allowing some plug-in hybrid vehicles and reducing emissions targets [9] - China's Ministry of Commerce announced anti-dumping duties on EU pork products, ranging from 4.9% to 19.8%, effective from December 17 [22] - The Chinese government approved the establishment of a joint venture between Chilean companies for lithium mining, with conditions to ensure fair supply [15] Group 4: Industry Trends and Forecasts - Morgan Stanley predicts a copper supply deficit of 60,000 tons by 2026, indicating a tightening market [20] - The automotive sector in China saw significant growth in commercial vehicle production and sales, with November figures showing a year-on-year increase of 18.6% [21] - The postal industry in China reported a 6.7% increase in business revenue year-on-year for the first eleven months of the year [21]

Market Overview - The Dow Jones and S&P 500 have declined for three consecutive days, while technology stocks rebounded, supporting a rise in the Nasdaq [1] - U.S. Treasury yields fell, with the 10-year yield dropping over 3 basis points [1] - The offshore RMB reached a 14-month high near 7.03 [1] - Bitcoin increased by 1.8%, touching $88,000 during the day [1] - Gold experienced wide fluctuations, while silver ultimately fell by 0.5% [1] - U.S. oil prices dipped below $55, marking the lowest level since early 2021 [1] Economic Indicators - The Central Financial Office indicated that investment and consumption growth is expected to recover next year, with a focus on controlling new real estate supply and revitalizing existing stock [1] - U.S. employment continues to cool, with November non-farm payrolls slightly rebounding, but the unemployment rate reached a four-year high, leading traders to anticipate two rate cuts next year [1] - The "New Federal Reserve News Agency" stated that non-farm data is unlikely to significantly alter the Fed's judgment on further rate cuts [1] - U.S. retail sales in October remained flat overall, but core indicators exceeded expectations, supporting fourth-quarter growth [1] - The November Markit Composite PMI in the U.S. hit a six-month low, with price indicators rising sharply and employment indicators showing weakness [1] - The Eurozone's December manufacturing PMI accelerated its contraction, with Germany posting its worst performance in ten months, while France unexpectedly returned to expansion [1] Corporate Developments - Tesla's stock reached an all-time high during the day, fueled by optimism surrounding autonomous driving [1] - XPeng Motors obtained an L3 autonomous driving road test license, becoming the third domestic company to do so, intensifying competition with Tesla's Full Self-Driving (FSD) [1] - The EU may abandon the comprehensive ban on fuel vehicles by 2035, reducing emission targets to 90% and allowing sales of plug-in hybrid vehicles [1] - Apple is set to unveil a foldable iPhone next year, with plans to increase its smartphone lineup from five to seven models over the next two years [1] - Vanke proposed a 12-month extension for the principal repayment of its medium-term notes, with the issuer providing corresponding credit enhancement measures [1] - Today, Muxi Co., a domestic GPU company, is set to be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board [1]

Market Performance - US stock market closed with the Dow Jones down 0.6%, S&P 500 down 0.13%, and Nasdaq down 0.19% [1] - Tesla shares rose 3% to reach a historical high, Nvidia increased nearly 1%, and Circle surged nearly 10% [1] - Nasdaq China Golden Dragon Index fell 0.34%, with NetEase dropping nearly 2% [1] Oil and Gold Prices - International oil prices declined, with WTI crude futures falling below $55 per barrel, a daily drop of 3.22%; Brent crude fell below $59 per barrel, down 2.70% [1] - Shanghai gold main contract fell 0.14%; gold prices rebounded after the US November non-farm payroll report [1] Employment Data - US unemployment rate reached a four-year high of 4.6%, with 7.8 million unemployed; November adjusted non-farm payrolls recorded an increase of 64,000, exceeding expectations [1] - October non-farm payrolls saw a decrease of 105,000, marking the largest decline since the end of 2020 [1] Regulatory and Policy Developments - The US threatened to retaliate against EU companies regarding digital tax issues, specifically naming Accenture, Siemens, and Spotify, indicating potential fees and service restrictions if EU continues to limit US digital service providers [1] - Trump is set to interview potential Federal Reserve chair candidates, including Waller and former Fed governor Kevin Walsh, and will deliver a national address potentially outlining new year policies [1] Inventory and Manufacturing Data - US API crude oil inventory for the week ending December 12 recorded a drop of 9.322 million barrels, the largest decline since June 2025, significantly exceeding the expected drop of 2.197 million barrels [1] - US October retail sales month-on-month recorded 0%, below the expected 0.1%; December preliminary S&P Global Manufacturing PMI recorded 51.8, the lowest in five months; Services PMI preliminary value recorded 52.9, the lowest in six months [1] Company Developments - Apple plans to expand its iPhone product line from five to seven models by fall 2027 [1] Federal Reserve Insights - Federal Reserve's Bostic expressed a desire to maintain monetary policy unchanged in the last meeting, with no interest rate cuts anticipated in the 2026 forecast, believing the economy will perform stronger at around 2.5% GDP growth, necessitating a restrictive policy [1]

Group 1 - U.S. stock indices showed mixed performance, with Tesla rising over 3% to reach a new high [1] - Brent crude oil futures fell below $60 per barrel for the first time since May [3] - WTI crude oil dropped by 3%, reaching a new low not seen since February 2021 [4] - The U.S. non-farm payrolls for November exceeded expectations [5] - Morgan Stanley predicts a 600,000-ton supply gap in the copper market by 2026 [8] Group 2 - The Ministry of Commerce announced anti-dumping duties on imported pork and pork products from the EU, with rates ranging from 4.9% to 19.8% [1] - The offshore RMB surged, breaking above 7.04, while the onshore RMB surpassed 7.05 [2] - The competition in the food delivery sector remains intense, with riders returning to Meituan [3] - The Hong Kong Securities and Futures Commission has listed the "Hong Kong Stablecoin Exchange" as a suspicious virtual asset trading platform [4] - Douyin released a governance charter for the finance industry, prohibiting non-financially certified accounts from publishing financial professional content [5] - The world's first invasive brain-machine interface product for treating drug addiction has been approved in China [6] - Zhou Hongyi responded to allegations from a former executive regarding financial misconduct, stating it is completely contrary to the facts [7] - 360 Company clarified that relevant personnel never held core management positions and denied any financial fraud [8] - HASHKEY HLDGS, described as "Asia's largest on-chain service provider," saw a 1.05% decline in its dark market trading [9] - A-share company Moxie Co., Ltd. and Hong Kong-listed HASHKEY HLDGS are set to debut, with seven other stocks available for subscription [10] - Zhongke Electric announced plans to invest 7 billion yuan in a project to produce 300,000 tons of lithium-ion battery anode materials annually [11] - Jin Hua Co., Ltd. is highlighted as an investment cautionary tale, with its chairman receiving an administrative penalty from the Shaanxi Regulatory Bureau of the CSRC [12]