针对这一趋势，大洋彼岸的美国则展现了完全不同的立场。美国国务院近期对五名涉及推动审查制度的 欧盟官员实施了制裁，并提出《GRANITE法案》以反击外国政府对美资平台的干预。EasyMarkets易信 认为，这种地缘政治背景下的政策博弈，实际上反映了各国在数字经济控制权上的博弈升级。对于投资 者而言，监管环境的剧烈波动是不可忽视的风险因子。EasyMarkets易信将持续关注这些法律框架的演 变，并致力于为客户提供透明、稳定的市场洞察，帮助投资者在复杂的全球合规环境中捕捉机遇，规避 因政策变动带来的潜在波动风险。 新浪合作大平台期货开户 安全快捷有保障 12月30日，随着全球范围内对互联网监管力度的加强，数字世界的边界正在发生深刻变化。 EasyMarkets易信认为，澳大利亚近期实施的搜索引擎年龄验证新规，标志着政府对数据主权与用户信 息安全介入到了前所未有的深度。根据12月27日生效的法案，谷歌等搜索引擎巨头被要求通过生物识 别、数字身份证等手段核实用户身份，这一举措虽然初衷在于保护未成年人免受有害内容的侵害，但也 引发了市场对于个人隐私保护与互联网去中心化精神之间冲突的广泛讨论。 从市场准入与企业合规的角 ...

中资金融股方面，中国银行涨1.13%，收报4.49港元；建设银行涨1.31%，收报7.72港元；工商银行涨 0.64%，收报6.27港元；中国平安跌0.68%，收报65.95港元；中国人寿跌0.64%，收报27.94港元。 石油石化股方面，中国石油化工股份涨1.96%，收报4.68港元；中国石油股份涨2.42%，收报8.46港元； 中国海洋石油涨3.97%，收报21.46港元。 【纠错】 【责任编辑:赵阳】 蓝筹股方面，腾讯控股涨0.59%，收报600港元；香港交易所涨0.1%，收报408.6港元；中国移动涨 0.37%，收报82.1港元；汇丰控股涨0.9%，收报123港元。 香港本地股方面，长实集团涨0.2%，收报39.62港元；新鸿基地产涨0.26%，收报95.15港元；恒基地产 跌0.35%，收报28.36港元。 新华社香港12月30日电 香港恒生指数30日涨219.37点，涨幅0.86%，收报25854.6点。全日主板成交 1997.69亿港元。 国企指数涨99.31点，收报8991.02点，涨幅1.12%。恒生科技指数涨95.37点，收报5578.38点，涨幅 1.74%。 ...

每经AI快讯，12月30日，美股热门中概股盘前多数走高，百度涨超5%，小鹏汽车涨3%，唯品会、网易 涨超2%，台积电、阿里巴巴涨0.3%。 ...

日本[Table_Title] 日积跬步，水涨船高 ——26 年港股策略展望 [Table_Page] 投资策略|年度报告 2025 年 12 月 30 日 证券研究报告 [Table_Summary] 报告摘要： | [分析师： Table_Author]刘晨明 | | | --- | --- | | | SAC 执证号：S0260524020001 | | SFC CE No. BVH021 | | | 010-59136616 | | | | liuchenming@gf.com.cn | | 分析师： | 余可骋 | | | SAC 执证号：S0260524030007 | | SFC CE No. BRU880 | | | 0755-82565905 | | | | yukecheng@gf.com.cn | 972918116公共联系人2025-12-30 18:24:55 1 / 42 识别风险，发现价值 请务必阅读末页的免责声明 ⚫ 日积跬步：（1）本轮港股资产上涨具备基本面支撑，由于较 A 股更少 的传统经济板块，自 2024 年下半年开始，在内外需共同企稳、宏观政 策发力托底的背景下，港股 ...

Core Insights - Kuaishou's Vice President and head of foundational models, Zhou Guorui, is reported to be leaving the company, with speculation about his next move including potential roles at Meta or TikTok [1][3]. Company Developments - Zhou Guorui is currently listed as on leave within Kuaishou's internal system, with his personal signature updated to "Log Out" [3]. - Kuaishou has not yet responded officially to the news of Zhou's departure [5]. Background of Zhou Guorui - Zhou Guorui holds both bachelor's and master's degrees in Information and Communication Engineering from Beijing University of Posts and Telecommunications [8]. - He previously worked at Alibaba's advertising division, focusing on deep learning applications in advertising ranking and model optimization [10]. Contributions to Kuaishou - Zhou joined Kuaishou in 2021 and advanced from Vice President of recommendation algorithms to head of foundational and recommendation models [13]. - He led the development of the OneRec architecture, which significantly improved the efficiency and cost-effectiveness of Kuaishou's recommendation systems [14][17]. - OneRec achieved a reduction in overall system costs to about one-tenth of previous levels while enhancing model performance [15]. Impact on Kuaishou's AI Strategy - Zhou's departure is part of a broader trend of technical executives leaving Kuaishou, with several vice president-level technology leaders having exited in recent months [21]. - In the short term, the impact on Kuaishou's AI strategy may be limited due to the established stability of the OneRec architecture and the company's commitment to self-developed recommendation models [21]. - However, the ongoing loss of core technical talent could affect the pace of technological iteration and stability in the long term [21].

指导意见聚焦"如何建""如何用""如何管"，提出要统筹优化整体布局，加强交换中心与全国一体化 算力网络国家枢纽节点协同建设；提升行业赋能作用，为工业企业上云上平台提供便利，鼓励卫星地面 站就近接入交换中心；推动人工智能、量子通信等前沿技术在交换中心部署和应用；组织专项行动深入 整治违规互联行为等。 此外，指导意见明确，鼓励各地区出台交换中心支持政策，对企业接入费等予以补贴支持；推动互 联网企业、政务云等加入交换中心开放互联生态；探索与国际交换中心合规互联，研究我国交换中心在 国外设立节点的可行性。（完） 工业和信息化部信息通信管理局有关负责人介绍，国家新型互联网交换中心是重要的新型信息基础 设施，通过构建中立、公平、开放的流量集中交换平台，实现不同网络间数据高效流通。当前，网云算 数智加速融合，跨区域算力协同需求上升，产业数字化对低时延、高质量数据互联提出更高要求。 新华社北京12月30日电（记者周圆）记者30日获悉，工业和信息化部办公厅日前印发《关于加快推 进国家新型互联网交换中心创新发展的指导意见》，旨在统筹优化交换中心建设布局，激发业务创新活 力，增强安全保障能力，为发展新质生产力、建设网络强国和数字中 ...

Market Overview - The Hong Kong stock market indices collectively rose, with the Hang Seng Index increasing by 0.86% to close at 25,854.6 points and a total trading volume of HKD 199.69 billion [1] - The Hang Seng Tech Index rose by 1.74%, while the Hang Seng China Enterprises Index increased by 1.12% [1] - Everbright Securities noted that the overall profitability of Hong Kong stocks is relatively strong, with sectors like internet, new consumption, and innovative pharmaceuticals being relatively scarce [1] Blue-Chip Stocks Performance - Baidu Group-SW (09888) led blue-chip stocks, rising by 8.9% to HKD 129.7, contributing 20.99 points to the Hang Seng Index [2] - Other notable blue-chip performances included SMIC (00981) up 4.24% and CNOOC (00883) up 3.97% [2] Sector Highlights Technology Sector - Major tech stocks saw gains, with Baidu rising nearly 9%, Alibaba up 0.84%, and Tencent up 0.59% [3] - The robotics sector surged, with companies like Sihai Zhikong (002050) increasing over 12% amid expectations of Tesla's Optimus project [3][4] Semiconductor Sector - Semiconductor stocks performed well, with InnoSilicon (02577) rising by 15.35% and SMIC (00981) up 4.24% [4] - Nvidia's announcement of partnerships for an 800V direct current architecture marks a significant advancement in AI data centers [4] Oil Sector - Oil stocks generally rose, with CNOOC (00883) increasing by 3.97% and PetroChina (00857) up 2.42% due to rising oil prices amid geopolitical tensions [6] - Everbright Securities anticipates that the "three oil giants" will maintain high capital expenditures and continue to expand in the natural gas market [6] Non-Ferrous Metals Sector - Non-ferrous metal stocks rebounded, with China Aluminum (02600) up 5.27% and Zijin Mining (02899) up 3.63% [6][7] Notable Stock Movements - The Hong Kong Stock Exchange saw significant movements with stocks like InnoSilicon (03696) rising by 24.66% and Wuyi Vision (06651) up 29.9% following their IPOs [8] - Meta's acquisition of an AI startup boosted AI-related stocks, with MaiFushi (02556) rising by 11.07% [9] Company Announcements - SMIC announced plans to acquire a 49% stake in SMIC North for approximately RMB 40.6 billion, focusing on 12-inch integrated circuit wafer foundry services [5] - Ganfeng Lithium (01772) faced pressure after being implicated in insider trading allegations, although the company stated that its operations remain normal [11]

Core Viewpoint - The Hong Kong stock market experienced significant net selling from northbound capital, totaling HKD 38.45 billion, with notable net selling in major stocks like Tencent and China Mobile, while stocks like SMIC and CNOOC saw net buying [1][5]. Group 1: Northbound Capital Flow - Northbound capital had a net selling of HKD 38.45 billion on December 30, with HKD 13.27 billion from the Shanghai Stock Connect and HKD 25.18 billion from the Shenzhen Stock Connect [1]. - The stocks with the highest net buying included SMIC (00981), CNOOC (00883), and ICBC (01398) [1]. - The stocks with the highest net selling included the Tracker Fund of Hong Kong (02800), Tencent (00700), and China Mobile (00941) [1]. Group 2: Individual Stock Performance - SMIC saw a net inflow of HKD 3.49 billion, with a total transaction volume of HKD 35.17 billion [2]. - CNOOC received a net buying of HKD 4.6 billion, with analysts noting a potential stabilization in oil prices due to seasonal demand and OPEC+ production adjustments [5]. - ICBC had a net inflow of HKD 3.56 billion, supported by expectations of stable credit growth in 2026 [5]. Group 3: Sector Trends - The semiconductor sector is gaining attention, with SMIC and Hua Hong Semiconductor receiving significant net buying, driven by positive market sentiment and government support [4]. - The robotics sector is also attracting investment, with stocks like Sihai Intelligent Control and UBTECH Robotics seeing net inflows, amid expectations of upcoming projects in North America [5]. - The technology sector showed mixed results, with Meituan (03690) experiencing net buying, while Alibaba (09988) and Tencent faced substantial net selling [6]. Group 4: Market Sentiment - The market sentiment remains cautious, with analysts suggesting that while there may be short-term opportunities, the overall environment is still under pressure, particularly for the Hong Kong market [7]. - The Tracker Fund of Hong Kong faced significant net selling, indicating a potential lack of confidence in the broader market [7].

成交额前三的个股中，阿里巴巴涨0.84%，成交超87亿港元；腾讯控股涨0.59%，成交超81亿港元；中 芯国际涨4.24%，成交超67亿港元。 编辑：胡晨曦 转自：新华财经 整体来看，多数板块上涨，科网、芯片、新能源车企、银行、石油与天然气等股多为上涨，建材水泥、 券商、煤炭等股有涨有跌，生物医药、黄金、风电、高铁基建等股多有下跌。 个股方面，小米集团涨2.02%，美团涨0.10%，百度集团涨8.90%，泡泡玛特跌4.55%，中国移动涨 0.37%，工商银行涨0.64%，建设银行涨1.31%，蓝思科技涨5.06%，英诺赛科涨15.35%，吉利汽车涨 2.97%，三花智控涨12.53%，山东黄金跌0.45%，中国石油股份涨2.42%，小鹏汽车涨1.33%。 新华财经香港12月30日电（记者林迎楠）30日港股主要指数高开，截至收盘，恒生指数上涨0.86%至 25854.60点，恒生科技指数上涨1.74%至5578.38点，国企指数上涨1.12%至8991.02点。 当日恒指高开1.17点，开报25636.40点，开盘后震荡上行，午后极速拉高后在高点附近波动，尾市稍有 回落，最终恒指涨219.37点，主板成交超19 ...

Group 1 - Baidu Group-SW (09888.HK) experienced a strong performance in the Hong Kong stock market, closing up 8.90% on December 30, becoming the leading stock in the Hang Seng Tech Index [1] - The Hang Seng Tech Index rose by 1.74%, closing at 5578.38 points, with other tech stocks like Horizon Robotics and SMIC also seeing significant gains [1] - Baidu Maps announced a deep collaboration with the autonomous vehicle company New Stone, integrating LD data products into its logistics platform for high-precision mapping services [1] Group 2 - Baidu's Q3 2025 earnings report showed total revenue of 31.174 billion yuan, a year-on-year decline of 7%, primarily due to a drop in core online marketing revenue to 16.566 billion yuan, down approximately 18% [2] - The company reported a net loss attributable to Baidu of 11.232 billion yuan, mainly due to long-term asset impairment of 16.19 billion yuan, while non-GAAP net profit was 3.77 billion yuan, indicating resilience in core business profitability [2] - Morgan Stanley noted a fundamental shift in Baidu's investment narrative, transitioning from a traditional search advertising company to an AI infrastructure provider, with significant revenue growth expected from Kunlun chip sales and GPU computing demand [2] - The revenue from Kunlun chips is projected to increase from approximately 1.3 billion yuan in 2025 to 8.3 billion yuan in 2026, representing a sixfold increase [2] - Research from Shenwan Hongyuan upgraded Baidu's rating to "Buy," forecasting revenues of 128.5 billion, 133.1 billion, and 141 billion yuan for 2025 to 2027 [2] - Dongwu Securities expressed optimism about AI providing new growth opportunities for Baidu, highlighting the company's focus on shareholder returns through ongoing buybacks and maintaining a "Buy" rating [2]