（免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。） 编辑|金冥羽 杜波 校对|段炼 2月4日，上证指数低开0.08%，创业板指跌0.8%。AI算力产业链走低，存储器、CPO方向领跌；半导体、消费电子题材跌幅靠前。黄金、基本金属、油气 板块反弹。 每经记者｜黄胜 每经编辑｜金冥羽 央行今日开展750亿元7天逆回购操作，操作利率为1.40%，与此前持平。因今日有3775亿元7天期逆回购到期，实现净回笼3025亿元。 记者|黄胜 中信证券研报称，回顾2026年1月央行政策表述，预期管理优先级或更高。鉴于降准成本低于扩表类工具，在净息差收窄、预计年中政府债发行压力较大 背景下，为保证银行承接，我们预计26Q2降准概率大。结构性降息落地后，总量降息节奏更关注通胀，我们预计2026年通胀分化、上半年偏弱且整体低 于下半年。债市短期看情绪、中期看货币、长期看通胀，或偏强震荡至春节，节后关注两会变量，长期利率存在上行风险。 港股低开，恒生指数低开0.14%，恒生科技指数跌0.87%。紫金矿业涨逾2%，中国海洋石油涨近2%。科网股多数走低，美团、快手、腾讯控股、携程集 团、华虹半导体跌幅靠 ...

2月4日，港股低开，恒生指数跌0.14%，恒生科技指数跌0.87%。 科网股多数走低，美团、快手、腾讯控股、携程集团、华虹半导体、哔哩哔哩、百度集团均跌超1%。 | 名称 | 现价 | 涨跌 | 涨跌幅 ^ | | --- | --- | --- | --- | | 美团-W | 91.500 | -1.700 | -1.82% | | 快手-W | 72.150 | -1.300 | -1.77% | | 携程集团-S | 476.600 | -8.200 | -1.69% | | 金蝶国际 | 12.450 | -0.210 | -1.66% | | 腾讯控股 | 572.000 | -9.000 | -1.55% | | 零跑汽车 | 39.000 | -0.600 | -1.52% | | 交汇录备体 | 106.300 | -1.400 | -1.30% | | 比 亚迪股份 | 88.900 | -1.100 | -1.22% | | 昨週昨週-W | 250.000 | -3.000 | -1.19% | | 百度集团-SW | 139.900 | -1.500 | -1.06% | | 阿里巴 ...

09:21 港股开盘丨恒生指数低开0.14% 恒生指数低开0.14%，恒生科技指数跌0.87%。紫金矿业涨逾2%，中国海洋石油涨近2%。科网股多数走低，美团、快手、腾讯控股、携程集 团、华虹半导体跌幅靠前。 | મટા | 恒生指数 | 100 | 26797.05c | -37.72 | -0.14% | | --- | --- | --- | --- | --- | --- | | HSTECH 恒生科技 | | ( | 5419.93c | -47.33 | -0.87% | 沪指低开0.08%，深成指低开0.39%，创业板指低开0.80%。科创综指低开0.78%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | No | 4064.68 | -3.06 | -0.08% | | 399001 | 深证成指 | | 14072.41 | -54.70 | -0.39% | | 399006 | 创业板指 | | 3298.32 | -26.57 | -0.80% | | 0 ...

隔夜美股下挫，中概指数跌0.94%。港股三大指数低开，恒指跌0.14%，国指跌0.15%，恒生科技指数跌 0.87%。权重科技股集体下跌，美团、快手跌近2%，腾讯跌1.55%；AI应用概念股集体走低，半导体 股、汽车股普跌；构看好金价银价反弹空间，黄金股继续带领有色金属股反弹，赤峰黄金、中国黄金国 际涨约4%。"化工新材料供应商"国恩科技首日高开25%。(格隆汇) ...

谷歌的行业主管保罗·桑塔加塔（Paul Santagata）表示："没有信任就没有团队。"他很清楚这家科技巨 头对团队绩效进行的为期两年的大规模研究的结果。该研究显示，表现最好的团队有一个共同点：心理 安全，即相信犯错时不会受到惩罚。研究表明，心理安全可以让一个人承担适当风险、表达想法、有创 造力，并且勇于尝试——这些正是会引发突破市场的行为。 古老的进化过程解释了为什么在不确定且相互依存的环境中，心理安全既脆弱又至关重要。大脑将来自 老板、有激烈竞争的同事或不屑一顾的下属的挑衅，视为了生死攸关的威胁。杏仁核，大脑中的警钟， 点燃了"战斗或逃跑"的反应，劫持了更高的大脑中枢。这种"先行动，后思考"的大脑结构关闭了其他视 角和分析推理。确切地说，就在最需要的时候，我们失去了理智。尽管这种反应可能会在关键时刻拯救 我们，但它也阻碍了当今工作场所需要的战略思维。 1、以合作者身份处理冲突 二十一世纪的成功取决于另一个系统：积极情绪的拓宽和构建模式，它使我们能够解决复杂问题，并促 进了合作关系。北卡罗来纳州立大学的芭芭拉·弗雷德里克森（Barbara Fredrickson）发现，信任、好 奇、自信和灵感等积极情绪会 ...

Core Viewpoint - The implementation of the new Value-Added Tax Law and its regulations in China will officially begin on January 1, 2026, with no current adjustments to tax rates for internet companies [1] Group 1: Tax Policy Changes - The new Value-Added Tax Law and its implementation regulations will take effect on January 1, 2026 [1] - Current tax policies continue to focus on supporting technological innovation [1] Group 2: High-Tech Enterprise Certification - The management measures for high-tech enterprise certification may be updated, potentially leading to stricter standards [1] - If the certification standards become more stringent, some non-leading internet companies may struggle to benefit from preferential income tax rates [1]

Group 1 - The core viewpoint of the news is that the Hong Kong stock market experienced a sharp decline followed by a gradual recovery, primarily due to rumors regarding potential tax rate adjustments targeting the financial and internet value-added services sectors, which led to a collective drop in stock prices of related companies [1] - The rumors about tax adjustments are deemed unfounded based on analyses from RandomlyWriting and Everbright Securities, indicating that the logic behind the comparisons to other industries' tax rates is flawed and that significant tax reforms are complex and typically follow a structured process [1] - The expectation of tightening monetary policy by the Federal Reserve and a strengthening dollar has put pressure on the valuations of Hong Kong tech stocks, particularly under foreign capital influence [1] Group 2 - Looking ahead, the overall liquidity in the Hong Kong stock market may be suppressed due to the anticipated continuation of loose monetary and fiscal policies in the U.S. until 2026, with a low probability of a weak dollar trend similar to the first half of 2025 [2] - The potential for a rebound in the Hong Kong stock market may depend on breakthroughs in AI and related technologies, as well as a recovery in domestic consumption, which could support long-term growth momentum for the sector [2] - Investors are encouraged to consider Hong Kong tech ETFs (513020) or the Cathay Internet ETF (513720) as potential investment options, given the current low historical valuations of the Hong Kong stock market [2]

腾讯"元宝分10亿"活动2月1日0点正式开启，用户最高可领万元现金红 包，官方攻略发布 亚马逊官宣裁撤1.6万个职位 纽约商品交易所黄金期货价格当地时间3日重回每盎司5000美元。 来源：新华社 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 ...

Key Points - Regulatory actions intensify as X platform's French headquarters is raided, with Elon Musk facing a summons for a hearing in April 2026 regarding algorithm misuse and data handling issues [2][3] - Bosch initiates layoffs in China, affecting nearly 200 employees, particularly in fuel vehicle projects, with compensation reported as N+4, indicating a relatively generous severance package [4][5] - Honor denies allegations of copying Apple's iPhone design for its Power2 model, asserting that mature designs lead to industry consensus [7][8] - Gao Xin Retail, the parent company of RT-Mart, refutes claims regarding its CEO being taken by police, stating the reports are false [10][11] - Baidu Baike wins a lawsuit against a competitor for unfair competition, resulting in a compensation of 15 million yuan [12] - Cambricon Technologies experiences a significant stock drop, losing over 700 billion yuan in market value, prompting a public statement addressing market concerns [13][14] - Zeekr's 8X model faces leaks disrupting its release schedule, with the company emphasizing the importance of maintaining product release order [23][24] - Beijing Human Shape Robotics secures over 700 million yuan in funding to enhance its humanoid robot capabilities, with the launch of its Tian Gong 3.0 model imminent [17] - Xpeng Motors merges its autonomous driving and smart cockpit departments into a new General Intelligence Center to enhance AI capabilities [19] - Mijia Ice City is reportedly planning to build a theme park, with job postings indicating a significant investment in this venture [20][21] - Intel is set to re-enter Apple's supply chain for low-end processors, marking a shift in Apple's long-standing reliance on TSMC for chip manufacturing [40][41]

刚从合肥调研回杭的吴老师，应邀前往由阿里云瓴羊主办的 " 进化吧，同行者 "——Data×AI 超级公司年会暨第三届数据同学会。 杭州城东的湘湖，被本地人视作避开西湖喧嚣、寻求精神休憩的 " 第二曲线 " 。 而此刻， 80 名来自各行各业的 "O" 们（ CTO 、 CEO 、 CMO 、 CIO 等）集聚于此，为了勾勒出 AI 时代下的 " 第二曲线 " 。 今年，触发这条曲线的关键词，是 " 超级公司 " 。 当前，人工智能时代已从生成式 AI ，大步走进以人与 Agent 协同的时代，以此为蓝本所打造的超级公司，自然成了业内追逐的热门议题。 文 / 飞机 " 在过去的很多年里，我们先是实现了 ' 后发跟进 ' ，继而展开 ' 弯道超越 ' ，而在人工智能时代，我们有可能完成第三个任务，那便是 ' 升级领 跑 ' 。 " " 我始终相信，只有在中国，只有靠在座各位的推动，才能让 AI 得到真正的应用。 " 2026 年 1 月底的一个周末，冬雨阵阵。 对吴老师而言，这也并不算一个陌生的场域。 作为三十多年经验的企业史研究者， " 工厂是他的第二书房 " ，多年来，他一直坚持用脚步丈量企业，由此，宏观的分 ...