Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) increased by 0.28%, with notable movements in key stocks such as 澜起科技 (Lianqi Technology) rising by 4.93% and 芯原股份 (Chip Origin) falling by 4% [1] - The E Fund Sci-Tech Innovation Artificial Intelligence ETF (588730) has seen a net inflow of over 130 million yuan over the past four days, bringing its total fund size to 1.695 billion yuan [1][3] - TSMC announced a capital expenditure forecast of $52 billion to $56 billion for this year, representing a growth of 27% to 37% compared to the actual capital expenditure of $40.9 billion in 2025, indicating strong confidence in the ongoing global AI trend [3] Group 2 - The E Fund Sci-Tech Innovation Artificial Intelligence ETF (588730) tracks the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index, which selects 30 large-cap companies involved in providing foundational resources, technology, and application support for AI [3] - According to a report by Shenwan Hongyuan, significant breakthroughs are expected in domestic computing power, models, and applications by 2026, with a shift from usable to more effective domestic computing power [3] - E Fund is recognized as a leading comprehensive asset management institution in China, with over 20 years of expertise in index investment and a wide range of index products covering multiple industries [3]

Core Insights - China's private sector has significantly increased its foreign asset holdings, with over $1 trillion added in the first three quarters of last year, more than double the annual average growth of the past decade [2][4][15] - The surge in private investments abroad, totaling $535 billion in overseas securities purchases, marks the largest increase in two decades, surpassing direct investments for factory and staffing expansions [4][15] - The shift in capital management from state control to private sector investment is reshaping global financial dynamics, with potential risks for both domestic and international markets [6][29] Group 1: Investment Trends - By the end of September, Chinese private investors owned $7.8 trillion in foreign assets, outpacing the buildup of official reserves by nearly five times [15] - The total foreign assets held by China's non-official sector now exceed Japan's entire foreign asset holdings, indicating a substantial pool of funding available for global investments [15][22] - Approximately 30% of China's trade is now settled in yuan, which does not contribute to foreign asset calculations, highlighting a shift in currency usage [21] Group 2: Market Implications - A rapid appreciation of the yuan could trigger a chain reaction of capital repatriation, leading to increased foreign exchange settlements by exporters [7][29] - The People's Bank of China (PBOC) has been linked to interventions in the currency market, utilizing state banks to manage foreign exchange liquidity [20][21] - The ongoing rise in China's trade surplus is expected to sustain high levels of non-official foreign assets, further influencing global capital flows [28]

Group 1: Quarterly Results and Market Reactions - Goldman Sachs and Morgan Stanley reported a rise in quarterly profit, driven by increased dealmaking, with Goldman shares rising 4.6% and Morgan Stanley gaining 5.8% [1][9] - BlackRock, the world's largest asset manager, saw its shares increase by 5.9% as market rallies boosted fee income and assets under management reached a record $14.04 trillion in Q4 [7][10] - The results from these banks have initiated the fourth-quarter U.S. earnings season, which is expected to gain momentum with a more diverse group of companies reporting next week [8][10] Group 2: Sector Performance and Trends - The S&P 500 industrials index achieved a closing record high, indicating strong performance in traditional sectors [2][10] - Investors are currently favoring undervalued stocks in the banking and industrial sectors over tech stocks, which have been seen as overvalued recently [2][6] - Both mid-cap and small-cap indices, particularly the Russell 2000, have outperformed the S&P 500 this year, with the Russell 2000 reaching a closing record high [7][10] Group 3: Technology Sector Insights - Tech stocks, particularly chipmakers, experienced gains, with TSMC predicting robust annual growth and announcing plans for increased U.S. manufacturing capacity, leading to a 4.4% rise in its U.S.-listed shares [4][10] - An index of semiconductors climbed by 1.8%, with notable increases in shares of Nvidia, Broadcom, and Applied Materials [5][10] - Concerns regarding tech stock valuations have been alleviated by positive news from TSMC, which has helped restore momentum in the tech sector [6][10] Group 4: Market Activity Metrics - U.S. exchange volume reached 19.12 billion shares, surpassing the 16.81 billion average over the last 20 trading days, indicating heightened trading activity [8][10] - On the NYSE, advancing issues outnumbered decliners by a ratio of 1.92-to-1, with 759 new highs and 55 new lows recorded [8][10] - The Nasdaq also saw a favorable ratio of advancing to declining stocks at 1.26-to-1, with 2,683 stocks rising and 2,137 falling [9][10]

Core Viewpoint - Faircourt Asset Management Inc. has announced a 41.67% increase in the monthly distribution for Class A Shares of Faircourt Gold Income Corp, attributed to strong NAV growth over the past year [1]. Group 1: Distribution Details - The new distribution amount per share for Faircourt Gold Income Corp is set at $0.034, effective from January 30, 2026 [2]. - The ex-dividend date is also January 30, 2026, with the record date and payable date both scheduled for February 13, 2026 [2]. Group 2: Company Information - Faircourt Asset Management Inc. serves as the Investment Advisor for Faircourt Gold Income Corp [2]. - Additional information about Faircourt Funds can be accessed through their official website or by contacting their customer service [3].

Core Viewpoint - A class action securities lawsuit has been filed against Blue Owl Capital Inc. for alleged securities fraud affecting investors between February 6, 2025, and November 16, 2025 [1][2]. Group 1: Lawsuit Details - The complaint alleges that Blue Owl Capital Inc. faced significant pressure on its asset base due to redemptions from business development companies, leading to undisclosed liquidity issues [2]. - It is claimed that the company was likely to limit or halt redemptions of certain business development companies, which contradicts the positive statements made by the defendants regarding the company's business and prospects [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until February 2, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years by ISS Securities Class Action Services [4].

Monetary Policy Measures - The People's Bank of China will implement 8 policy measures to support economic structural transformation, including a 0.25 percentage point reduction in various structural monetary policy tool rates [2] - The re-lending quota for supporting agriculture and small enterprises will be increased by 500 billion yuan, with a total quota of 1 trillion yuan specifically for private enterprises [2] - The quota for re-lending for technological innovation and technological transformation will be increased from 800 billion yuan to 1.2 trillion yuan, including support for high R&D investment private SMEs [2] - The previously established private enterprise bond financing support tool and technological innovation bond risk-sharing tool will be merged, providing a total re-lending quota of 200 billion yuan [2] - The carbon reduction support tool will be expanded to include more projects with carbon reduction effects, guiding banks to support comprehensive green transformation [2] - The support areas for service consumption and elderly care re-lending will be expanded to include the health industry [3] Corporate Developments - TSMC reported a net profit of approximately 505.7 billion NTD for Q4 2025, with a year-on-year increase of 35%, and advanced processes accounted for 77% of total wafer sales [4] - Xunlei and its subsidiary filed a civil lawsuit against former CEO Chen Lei and his core team for 200 million yuan, alleging damage to company interests [4] - Xibei Restaurant confirmed plans to close 102 stores, representing 30% of its total outlets [5] Financial Market Trends - BlackRock attracted $342 billion in client funds in Q4, raising its assets under management to a record $14 trillion, with significant inflows into long-term investment funds and ETFs [5] - The first gold ETF in China surpassed 100 billion yuan in size, with a total scale of 100.76 billion yuan, marking a growth of over 200% since the beginning of 2025 [11] Policy Initiatives - The Ministry of Human Resources and Social Security and the Ministry of Finance released opinions to enhance the inclusiveness and flexibility of enterprise annuity systems [6][7] - Shenzhen's Industrial and Information Technology Bureau announced an action plan to strengthen the OPC entrepreneurial ecosystem, providing financial support and resources for startups [9]

The S&P 500 (SNPINDEX:^GSPC) rose 0.26% to 6,944.47. The Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.25% to 23,530.02, and the Dow Jones Industrial Average (DJINDEX: ^DJI) climbed 0.60% to 49,442.44 as chip-led gains helped break yesterday's dip. Market movers Semiconductor names rallied after Taiwan Semiconductor Manufacturing Co's (NYSE:TSM) remarkable results lifted peers, including Advanced Micro Devices (NASDAQ:AMD) and Micron Technology (NASDAQ:MU). Asset manager BlackRock (NYSE:BLK) gained on an ...

Core Insights - The article emphasizes the focus on value investing in Asia, particularly in Hong Kong, targeting stocks with significant discrepancies between market price and intrinsic value [1] - It highlights two main categories of investment opportunities: deep value balance sheet bargains and wide moat stocks, which are characterized by their strong competitive advantages [1] Group 1: Investment Strategy - The research service aims to identify deep value stocks, such as net cash stocks and low price-to-book (P/B) ratio stocks, which are available at a discount [1] - It also seeks wide moat stocks, which are high-quality businesses with sustainable competitive advantages, often referred to as "Magic Formula" stocks [1] Group 2: Market Focus - The primary focus is on the Asian equity market, with a particular emphasis on the Hong Kong market, leveraging over a decade of experience in both buy and sell sides of investment [1] - The service provides monthly updates and watch lists to keep investors informed about potential investment opportunities [1]

Core Viewpoint - Ocean Park Asset Management has fully exited its position in the Vanguard Long-Term Corporate Bond ETF (VCLT), selling 342,600 shares for an estimated value of $26.60 million, indicating a strategic shift away from long-duration bond exposure [2][3][7]. Transaction Details - The sale of 342,600 shares of VCLT was reported in a filing with the Securities and Exchange Commission, with no remaining shares held at the end of the fourth quarter [3][7]. - The transaction reflects a broader trend of reducing exposure to rate-sensitive bonds, as Ocean Park also sold $6.98 million of the VanEck Fallen Angel High Yield Bond ETF and fully exited the iShares Fallen Angels USD Bond ETF in a separate $31.48 million liquidation [11]. ETF Overview - The Vanguard Long-Term Corporate Bond ETF (VCLT) has an Assets Under Management (AUM) of $8.36 billion and offers a yield of 5.5% [5]. - As of the latest market close, VCLT shares were priced at $76.86, with a one-year total return of approximately 7% [4][5]. Investment Strategy - VCLT aims to track the Bloomberg U.S. 10+ Year Corporate Bond Index, focusing on investment-grade, long-term corporate bonds, primarily U.S. dollar-denominated, fixed-rate bonds with maturities greater than 10 years [9][10]. - The fund is passively managed with a low-cost indexing approach, designed for investors seeking long-duration corporate bond exposure [9][10]. Market Sensitivity - The ETF is sensitive to shifts in long-term interest rate expectations, with price volatility potentially overwhelming income when rates remain elevated [12]. - Ocean Park's remaining top holdings indicate a preference for diversified high-yield and core bond exposure, suggesting a shift towards shorter duration and higher liquidity investments [12].

Key Points Ocean Park Asset Management sold 1.13 million shares of FALN in the fourth quarter. The shares were worth about $31.48 million based on previously disclosed data. The move represents a 1.48% change in 13F reportable assets under management. These 10 stocks could mint the next wave of millionaires › Ocean Park Asset Management sold out its entire stake in the iShares Fallen Angels USD Bond ETF (NASDAQ:FALN), according to a Wednesday SEC filing, cashing out of a position previously worth ...