港股上午盘三大指数集体走低，尤其是恒生科技指数大跌2.2%创2025年7月中旬以来新低，并且录得5 连跌行情，恒生指数、国企指数分别下跌0.41%及0.54%。作为市场风险标的权重科技股继续走低，其 中，元宝红包链接被微信限制，腾讯一度跌至4%，百度、美团、小米跌超2%；手机产业链股、半导体 股、AI应用概念股跌幅明显。另外，机构看好煤价中枢有望稳步回升，煤炭股强势，航空股、内银股 继续活跃。(格隆汇) ...

龙光集团(03380)盘中涨超22%，午盘收涨5%。深圳龙光控股21只债券重组议案已获通过。 东鹏饮料(09980)上市次日涨超4%，总市值逼近1500亿港元，公司携手三林集团出海东南亚。 智通财经APP获悉，港股恒生指数跌0.41%，跌110点，报26724点；恒生科技指数跌2.2%。港股早盘成 交1514亿港元。 腾讯控股(00700)跌幅扩大逾3%拖累恒生科技指数，微信宣布对元宝的违规链接进行处置。 航空股涨幅居前。官方预期今年春运客流将再创历史新高，民航出行需求旺盛。中国国航(00753)涨 4%；东方航空(00670)涨7.2%；南方航空(01055)涨5.9%。 氢能概念股延续涨势，氢能政策定调空前明确，海外供应链宣布扩产。国富氢能(02582)涨超23%；京城 机电股份(00187)涨10%；中集安瑞科(03899)涨3.7%。 钧达股份(02865)涨7.8%，据报马斯克团队密访中国多家光伏企业。 高地股份(01676)跌超35%，近期发生转存仓行为，此前完成配售3918.4万股新股份。 新股国恩科技（02768）首日挂牌加入港股通，午盘涨16%。 AI概念股下挫，市场担忧新一轮AI替代风险， ...

Group 1 - WeChat has blocked the red envelope link for Tencent's Yuanbao due to user complaints about excessive marketing and inducement to share links, which disrupts platform order and user experience [1] - Yuanbao's red envelope activity, launched on February 1, allows users to participate in a "distributing 1 billion cash" event, with a maximum reward of 10,000 yuan [1][2] - The cash acquisition methods for Yuanbao include sharing red envelopes with friends and completing tasks for lottery chances, with a winning probability of about 30% [2] Group 2 - Tencent's internal discussions revealed differing opinions on Yuanbao's design logic, which initially aimed for "no-threshold acquisition" but later shifted to address concerns about inducement and excessive marketing [2] - Alibaba's AI-native app Qianwen announced a 3 billion yuan "Spring Festival Treat Plan" to attract users through free meals and high-value red envelopes, with specific rules to be announced on February 6 [3] - The trend of integrating AI into consumer decision-making is growing, with companies like Google exploring direct offers based on AI assessments of user purchasing intent [3]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2月4日，社交平台上不少用户反馈称，在微信群里转发的元宝红包链接，已经无法直接点开访问。页面 弹出提示：网页包含诱导分享、关注等诱导行为内容，请长按网址复制后使用浏览器访问。 随后，微信官方发布声明称，收到用户针对元宝的反馈和投诉，其相关春节营销活动存在通过"做任 务""领红包"等方式诱导用户高频分享链接到微信群等场景，干扰平台生态秩序、影响用户体验、对用 户造成骚扰。经研判，对元宝的违规链接进行处置，限制其在微信内直接打开。相关处置措施即日生 效。 对此，元宝官方回应称，正在紧急优化调整分享机制，我们将尽快上线，确保用户抢红包体验。 还有网友在微信官方通报下@元宝怎么看，元宝回应称，我们完全理解并尊重平台规则，已第一时间优 化活动设计，确保合规体验。感谢大家的监督与支持，并显示"内容由AI生成"。 此举引发了网友热议，有网友表示，"大水冲了龙王庙，一家人不认得一家人？" 还有网友称"把自家股票整崩了"。 二级市场上，截止发稿，腾讯控股跌3.27%，报562港元/股，盘中股价最低已跌破560港元，创近四个月 来新低。 炒股就看金麒麟分析 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：中国基金报 【导读】微信把元宝"打了" 中国基金报记者 泰勒 大家好，简单关注一下腾讯的突发消息。 2月4日，泰勒就看到"微信在打元宝"。 刚刚出来的公告，微信官方称，近期我们发布了《针对第三方违规行为的打击公告》，对以春节为主题 集中爆发的过度营销、诱导分享等违规行为进行打击。 在此背景下，我们收到用户针对元宝的反馈和投诉，其相关春节营销活动存在通过"做任务""领红包"等 方式诱导用户高频分享链接到微信群等场景，干扰平台生态秩序、影响用户体验、对用户造成骚扰。 经研判，对元宝的违规链接进行处置，限制其在微信内直接打开。相关处置措施即日生效。我们将持续 关注各项春节营销活动的运行情况，结合用户反馈，依据平台规则，切实保障用户体验。 微信公关总监@微信粥姨 发文表示："用户体验第一，一视同仁。"并配上了一张表情包"我发起疯来自 己都打"。 1月25日，腾讯官方发布《关于春节分10亿现金的通知》：在2月1日上线春节活动，用户上元宝App分 10亿元现金红包，单个红包金额可达万元。 1月26日下午，腾讯召开2025年度员工大会，腾讯公司 ...

Core Viewpoint - The report from Citi predicts that Kuaishou-W (01024) will see a 10% year-on-year increase in total revenue to 38.8 billion RMB in Q4 2025, with adjusted net profit expected to rise by 16% to 5.4 billion RMB [1] Revenue and Profit Forecast - Citi has raised its adjusted net profit forecast for Kuaishou for 2026 and 2027 by 2% [1] - The target price for Kuaishou has been increased from 83 HKD to 85 HKD, maintaining an outperform rating [1] Performance of Kuaishou's AI Segment - The revenue performance of Kuaishou's AI subsidiary is expected to continue exceeding expectations [1] - The platform is believed to have significant advantages in cost efficiency, which should support sustained user growth and revenue acceleration [1]

2月4日上午，第一财经记者发现，在微信群中点入好友发出的元宝红包，显示"网页包含诱导分享、关注等诱导行为"，提醒用户可以通过浏览器访问。 元宝是腾讯旗下面向大众用户的C端AI应用。目前正在开展春节活动，用户可以在元宝App上分10亿现金红包，红包能转发给微信、QQ好友和社群。此前 腾讯董事会主席马化腾在一年一度的员工大会上表示，希望能够重现11年前微信红包春晚的时刻。 不过，元宝的红包玩法在社交媒体上引起了争议，一些网友指出，群聊中元宝红包影响社交体验。"我的各个群都被彻底入侵了""元宝开始病毒性传播 了""元宝你让我的家人群变成了红包任务群。""现在微信群都不能看了""好几个群连着三五个红包链接，没人多说一个字，和群发的垃圾拜年信息没什么 区别""好多群主忍不住踢人了"一些用户发微博称。 引发争议后，记者留意到元宝的红包玩法进行了调整。原本每个红包领取上限是10个，每1人领取，分享者的抽奖次数就增加1次，2月3日红包领取上限调 整成为3个。 临近春节，各AI厂商之间对AI入口的争夺趋于激烈。除了元宝开展红包活动，百度此前也宣布发放5亿元现金红包，字节跳动旗下火山引擎则宣布成为 2026年春晚独家AI云合作伙 ...

2026.02.04 本文字数：874，阅读时长大约1分钟 作者 |第一财经 郑栩彤 2月4日上午，第一财经记者发现，在微信群中点入好友发出的元宝红包，显示"网页包含诱导分享、关 注等诱导行为"，提醒用户可以通过浏览器访问。 微信安全中心公众号发文称，微信对以春节为主题集中爆发的过度营销、诱导分享等违规行为进行打 击。"收到用户针对元宝的反馈和投诉，其相关春节营销活动存在通过'做任务''领红包'等方式诱导用户 高频分享链接到微信群等场景，干扰平台生态秩序、影响用户体验、对用户造成骚扰。"微信安全中心 表示。 随后，元宝在微博上回应称，正在紧急优化调整分享机制，将尽快上线，确保用户抢红包体验。 元宝是腾讯旗下面向大众用户的C端AI应用。目前正在开展春节活动，用户可以在元宝App上分10亿现 金红包，红包能转发给微信、QQ好友和社群。此前腾讯董事会主席马化腾在一年一度的员工大会上表 示，希望能够重现11年前微信红包春晚的时刻。 不过，元宝的红包玩法在社交媒体上引起了争议，一些网友指出，群聊中元宝红包影响社交体验。"我 的各个群都被彻底入侵了""元宝开始病毒性传播了""元宝你让我的家人群变成了红包任务群。""现在微 ...

相关ETF： 港股通科技ETF（159101）：聚焦科技产业，高弹性特点突出。 港股通互联网ETF（520910）：聚焦互联网龙头，乘风AI叙事。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 据微信派公告，对以春节为主题集中爆发的过度营销、诱导分享等违规行为进行打击。对元宝的违规链 接进行处置，限制其在微信内直接打开。相关处置措施即日生效。 元宝则回应将及时调整分享机制，保证用户抢红包体验。腾讯股价今日再度大幅调整，盘中跌超3%， 拖累恒生科技指数表现。 整体来看，近期受美联储降息预期降温、海外局势扰动、市场流传小作文等影响，港股市场情绪低迷， 恒生科技指数阶段跌幅超20%，估值回落至近5年低位。 ...

Core Insights - The article emphasizes the importance of capturing investment opportunities aligned with China's 14th Five-Year Plan, focusing on high-quality development and technological self-reliance [1][2] Investment Strategies - The investment landscape for 2026 is shaped by the "14th Five-Year Plan," which serves as a guiding framework for strategic investments, emphasizing high-quality development and innovation [2] - Key investment opportunities are identified in three main sectors: traditional industries (e.g., chemicals, shipbuilding), emerging industries (e.g., AI, energy storage), and frontier technologies (e.g., embodied intelligence, nuclear fusion) [2] Innovation in Pharmaceuticals - Chinese innovative pharmaceutical companies are expected to experience significant growth, with the total amount of License-out agreements projected to exceed $121.6 billion by 2025, doubling from 2024 [3] - The introduction of AI models is anticipated to shorten drug development cycles and enhance success rates, leading to a revaluation of the innovative drug sector [3] Hong Kong Market Outlook - The Hong Kong stock market is viewed positively, with major investment banks highlighting the resilience and vitality of the Chinese economy, making it a preferred choice for asset allocation [4][5] - The analysis of Hong Kong tech assets reveals two main investment themes: a return to EPS growth and cash flow recovery, alongside a focus on leading internet platforms and emerging industries like smart driving [5] AI Industry Insights - AI is positioned as a transformative force comparable to previous industrial revolutions, with significant growth potential as applications become more widespread [6] - The commercialization of AI applications, particularly in smart driving and robotics, is expected to gain momentum, presenting investment opportunities in related companies [6] Renewable Energy Sector - The renewable energy sector is forecasted to continue its upward trend, with significant opportunities in lithium battery technology and new materials, particularly solid-state batteries [7] - The chemical industry is also expected to see a recovery in profitability, driven by demand growth and supply-side reforms [7] Financial and Real Estate Sector - The financial and real estate sectors are showing signs of recovery, with a rebound in second-hand housing transactions and improved profitability for insurance companies [8] - Investment opportunities are emerging in quality real estate firms and banks with strong wealth management capabilities [8] Consumer Sector Trends - The consumer sector is experiencing a shift, with new growth areas such as smart home products and outdoor lifestyle gaining traction [11] - The changing demographics and consumer preferences are expected to drive growth in sectors like travel, healthcare, and wellness [11] Fixed Income Investment Strategies - The fixed income market is anticipated to remain stable, with a focus on short-term and medium-term bond funds for liquidity and steady growth [14] - The overall bond market is expected to exhibit a fluctuating pattern, influenced by monetary policy and economic data [14]