记者丨江佩佩 编辑丨谢珍 亚太主要股指今日跳水，港股主要股指今日再度下挫，恒生科技指数盘中一度大跌至2.7%。 截至收盘，恒生指数收跌1.54%，恒生科技指数收跌1.74%，双双刷新近期阶段低位。 盘面上，大型科技股持续下挫，商汤-W跌6%，阿里巴巴跌近3%，京东、网易、小米集团均跌 超2%，百度、美团均跌超1%以上。腾讯控股今日跌1.08%，盘中股价跌破600港元/股。 | W | 恒生科技(HSTECH) | | | | --- | --- | --- | --- | | | 5402.51 -95.91 -1.74% | | | | | | | | | 资料 成分 | 资讯 相关基金 | | 月度收益 | | 名称 | | 现价 | 涨跌幅 = | | 商汤-W | | 2.000 | -6.10% | | 0020.HK | | | | | 腾讯音乐-SW | | 68.700 | -3.44% | | 1698.HK | | | | | 阿里巴巴-W | | 144.200 | -2.96% | | 9988.HK | | | | | 网易-S | | 211.000 | -2.59% | | 99 ...

地缘政治紧张，亚太股市全线下跌。港股三大指数再度走低，恒生科技指数盘中一度大跌至2.7%，最 终收跌1.74%险守5400点，恒生指数、国企指数分别下跌1.54%及1.79%，恒指下跌近400点至25235点， 三者均刷新近期阶段低位。 相关事件 港股收评：恒生指数跌0.34%！芯片股、黄金股走强，保险股低迷 港股收评：恒生指数跌0.54%，阿里 巴巴再创四年新高 连续23日狂买！54亿元涌入恒生科技指数ETF(513180)，恒生互联网ETF(513330)净 流入超33亿，均居同标的第一 规模最大的恒生医药ETF(159892)涨1.5%冲击三连阳，恒生科技指数 ETF(513180)连续19日获资金净申购 盘面上，大型科技股持续下跌拖累市场情绪，其中，阿里巴巴跌近3%，京东、网易、小米跌超2%，百 度、美团、腾讯均跌超1%以上；同时，大金融股(银行、保险、券商)、中字头等权重股亦表现低迷，由 此大市持续承压走低；小摩称金银面临巨量技术性抛压，黄金股领衔有色金属股回调；军工股、风电 股、钢铁股、锂电池股、半导体芯片股、海运股、光伏股、汽车股纷纷下跌。 另一方面，航空股、纸业股、脑机接口概念股少部分板块上涨 ...

Core Viewpoint - The rise of trade between China and Central Asian countries has created opportunities for Russian companies, particularly Yandex, to assist Chinese enterprises in penetrating these previously overlooked markets [3]. Group 1: Market Opportunities - Kazakhstan serves as a strategic hub for Chinese companies under the Belt and Road Initiative, facilitating their entry into Central Asia [5]. - The increasing presence of Chinese brands in Kazakhstan, such as Huawei and BYD, indicates a growing interest and investment in the region [6]. - There has been a notable increase in Chinese business teams visiting Kazakhstan, leading to a surge in local hotel occupancy and business services [8]. - The demand for financial services in Central Asia is rising, with many Chinese companies seeking to expand their operations in these markets [8]. Group 2: Yandex's Role - Yandex, often referred to as the "Russian Google," is leveraging its market position to attract Chinese clients looking to enter the Central Asian market [11]. - Yandex Ads has been actively promoting its services to Chinese advertisers, highlighting the growth potential in Central Asia [13]. - The advertising expenditure by Chinese advertisers in Kazakhstan has seen significant growth, with a 76% increase in the number of ads and a 192% increase in spending [14]. Group 3: E-commerce Growth - Kazakhstan's retail e-commerce market is experiencing rapid growth, with a projected transaction volume of 1.45 trillion tenge in the first half of 2024, marking a 61% year-on-year increase [13]. - E-commerce's share of retail trade has risen to 16.6%, up by 5.1 percentage points from the previous year, indicating a shift towards online shopping [13]. Group 4: Automotive Sector Expansion - Chinese automotive brands are increasingly visible in Russia and Central Asia, with a significant rise in interest from local consumers [19]. - The sales of Chinese passenger cars in Russia are expected to grow by 48% in 2024, reaching 1.57 million units, driven by the popularity of plug-in hybrid vehicles [20]. - Yandex is collaborating with Chinese car manufacturers to integrate its software into vehicles, enhancing their appeal in the Russian and Central Asian markets [20].

进入2025年冬季，人工智能技术浪潮正以超乎想象的速度席卷全球，重塑各行各业的未来。然而，在这 场数字革命的背后，一个基础却严峻的挑战日益凸显：惊人的电力消耗。AI大模型训练与推理所需的 海量算力，正像一个"巨兽"般吞噬着电力，给现有电网带来了前所未有的压力。 面对这一挑战，科技巨头纷纷将目光投向能源领域，寻求更稳定、更庞大的电力来源。近日，一场科技 与能源领域的"世纪联姻"吸引了全球目光。科技巨头谷歌与全球市值最高的电力公司新纪元能源 （NextEra Energy）正式宣布达成深度战略合作，计划共同开发与大型电厂直接配套的"吉瓦级"AI数据 中心园区，一场围绕AI算力展开的能源变革大幕就此拉开。 01 AI的"电焦虑"：科技巨头为何"倒追"能源公司 AI的指数级发展，正引发全球范围内的"电焦虑"。据国际能源署（IEA）预测，到2030年，全球数据中 心的电力消耗预计将比2024年增加一倍以上，达到惊人的945太瓦时，这一体量与日本全国一年的用电 量相当。而AI数据中心是其中最主要的增长驱动力。 一次普通的大模型训练，耗电量就可高达数百万千瓦时。这种巨大的能源需求，已远非传统电网所能轻 易满足。科技公司不仅 ...

天眼查App显示，近日，厦门贤悦科技有限公司成立，法定代表人为明益贤，注册资本2万人民币，经 营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；互联网销售 （除销售需要许可的商品）；汽车装饰用品销售；皮革制品销售；鞋帽零售；服装服饰零售；日用杂品 销售；国内贸易代理；企业管理咨询；市场营销策划；货物进出口；技术进出口。（除依法须经批准的 项目外，凭营业执照依法自主开展经营活动）许可项目：互联网信息服务。（依法须经批准的项目，经 相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）。 ...

天眼查App显示，近日，滁州乐居科技有限公司成立，法定代表人为钟先超，注册资本50万人民币，经 营范围为一般经营项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；互联网销 售（除销售需要许可的商品）；货物进出口；技术进出口；国内贸易代理；宠物食品及用品批发；宠物 食品及用品零售；宠物服务（不含动物诊疗）；日用百货销售；日用品销售；化妆品零售；服装服饰零 售；鞋帽零售；箱包销售；珠宝首饰零售；厨具卫具及日用杂品零售；个人卫生用品销售；美发饰品销 售；针纺织品及原料销售；电子产品销售；日用家电零售；玩具销售；母婴用品销售；灯具销售；汽车 装饰用品销售；五金产品零售；建筑材料销售；体育用品及器材零售；户外用品销售；钟表销售；眼镜 销售（不含隐形眼镜）；广告设计、代理；礼品花卉销售；工艺美术品及礼仪用品销售（象牙及其制品 除外）；信息咨询服务（不含许可类信息咨询服务）；知识产权服务（专利代理服务除外）（除许可业 务外，可自主依法经营法律法规非禁止或限制的项目）。 ...

12月16日，港股科网股集体下跌，截至发稿，恒生科技指数跌1.83%，盘中跌破250日均线（年线）。 小鹏汽车-W、金山云跌4%，阿里巴巴跌超3%，小米集团、腾讯控股、比亚迪股份、中芯国际等跌幅居 前。 场内热门ETF方面，港股科技50ETF（159750）跌2.42%，实时成交近5900万，较前一交易日放量；行 情数据显示，盘中获资金踊跃申购。 | 净值走势 | 招商中证香港科技ETF | | 外盘 | 26.76万 内盘 | 31.20万 | | --- | --- | --- | --- | --- | --- | | 委比 | 14.77% 委差 | 11192 | 总额 | 5897.20万 振幅 | 2.03% | | 卖五 | 1.014 | 3万 | 均价 | 1.018 开盘 | 1.030 | | 卖叫 | 1.013 | 6万 | 最高 | 1.030 最低 | 1.009 | | ST V | 1.012 | 157万 | 涨停 | 1.137 跌停 | 0.931 | | 卖 | 1.011 | 127万 | IOPV | 1.0075 溢折率 | 0.15% | | 卖一 | 1. ...

相关ETF：恒生科技指数ETF(513180.SH)、港股通科技ETF基金(159101.SZ) 相比恒生科技，国证港股通科技指数增配了医药生物板块，目前创新药正处于低拥挤度；同时相比中证 港股通科技指数，研发占比要求更高(5%VS3%)，并且单一成分股权重上限更高(10%VS15%)，因此指 数锐度更高，一旦反弹或具备更大弹性。 12月16日，在隔夜纳斯达克大跌阴影下，阿里巴巴-W港股低开，盘初跌超2%，股价创60日新低；恒生 科技、港股通科技、恒生互联网科技业指数均跌超1%。 自10月调整至今，恒生科技指数区间跌幅已达20%，调整时长50个交易日，均超历史均值。恒生科技当 前逼近250日线(年线)，该位置通常被视为"牛熊分界线"。 华夏基金数量投资部指出：从日历效应来看，恒生科技每年一季度表现普遍较好。港股科技近两个月的 回调，是流动性、基本面与估值等多重压力的集中体现，风险提前释放后，给了岁末年初重新入场、布 局2026年的契机。 ...

Core Viewpoint - The company emphasizes that its stock price in the secondary market is influenced by various factors including the capital market environment, macroeconomic conditions, and investor expectations [1] Group 1 - The company is committed to enhancing investor confidence through a combination of strategic development arrangements and robust operations [1] - The company will focus on corporate governance, standardized operations, information disclosure, and investor relations to achieve its goals [1]

Group 1: Core Insights - The rise of trade between China and Central Asian countries presents opportunities for Russian companies, particularly Yandex, which is helping Chinese businesses penetrate these markets [1] - Kazakhstan serves as a strategic hub for Chinese companies under the Belt and Road Initiative, with increasing visibility of Chinese brands in Almaty [2][3] - The demand for financial services in Central Asia is growing, with many Chinese companies exploring business opportunities in the region [3] Group 2: Market Dynamics - The Central Asian market, particularly Kazakhstan, has significant untapped potential for Chinese enterprises, especially in niche sectors like light industry and technology services [3] - Yandex, as a major player in the Russian internet market, is focusing on attracting Chinese clients to facilitate their entry into the Central Asian market [5] - The retail e-commerce market in Kazakhstan is experiencing rapid growth, with a projected transaction volume of 1.45 trillion tenge in the first half of 2024, reflecting a 61% year-on-year increase [5] Group 3: Advertising and Investment Trends - Chinese advertisers are increasingly shifting their focus to Central Asia, with a 76% year-on-year increase in the number of ads placed in Kazakhstan and a 192% rise in advertising spending [6] - The primary sectors for Chinese advertisers in Kazakhstan include gaming, e-commerce, B2B, and automotive, aligning with broader trends in Chinese brand expansion [6] Group 4: Automotive Sector Insights - Chinese automotive brands are gaining traction in Russia, with a notable increase in market share following the exit of many Western brands [7] - Approximately 47% of Russian car buyers are considering Chinese vehicles for their next purchase, indicating a growing acceptance of these brands [7] - Yandex is collaborating with Chinese automotive manufacturers to integrate its services into vehicles, enhancing their appeal in the Russian and Central Asian markets [9]