Core Viewpoint - The Hang Seng Index rose by 0.32% on January 9, with southbound capital totaling HKD 111.39 billion, resulting in a net inflow of HKD 6.81 billion [1] Group 1: Southbound Capital Activity - Total southbound trading amounted to HKD 111.39 billion, with buy transactions at HKD 59.10 billion and sell transactions at HKD 52.29 billion, leading to a net buy of HKD 6.81 billion [1] - The Shenzhen Stock Connect saw a total trading volume of HKD 44.30 billion, with net buying of HKD 5.15 billion, while the Shanghai Stock Connect had a total trading volume of HKD 67.08 billion, resulting in a net buy of HKD 1.66 billion [1] Group 2: Active Stocks - Alibaba-W had the highest trading volume among southbound stocks at HKD 99.89 billion, with a net sell of HKD 26.22 billion, despite a closing price increase of 2.73% [1] - Tencent Holdings recorded a net buy of HKD 14.12 billion, closing down by 0.81%, while Xiaomi Group-W had a net buy of HKD 8.70 billion, closing down by 0.53% [1][2] - Kuaishou-W also saw significant activity with a net buy of HKD 7.76 billion, closing up by 3.89% [2] Group 3: Continuous Net Buying - Xiaomi Group-W and Tencent Holdings were noted for continuous net buying, with Xiaomi seeing 7 consecutive days of net buying totaling HKD 55.53 billion, and Tencent with 3 consecutive days totaling HKD 42.31 billion [2]

每经AI快讯，1月9日，房利美股价开盘上涨2.3%，房地美上涨1.9%。 ...

Core Viewpoint - On January 9, the Hang Seng Index rose by 0.32% to close at 26,231.79 points, with a net inflow of HKD 6.815 billion through the southbound trading channel [1] Group 1: Market Activity - The total trading volume for southbound trading on January 9 was HKD 111.389 billion, with a net buying amount of HKD 6.815 billion [1] - The Shanghai Stock Exchange's southbound trading amounted to HKD 67.084 billion, with a net buying of HKD 1.660 billion, while the Shenzhen Stock Exchange recorded HKD 44.305 billion in trading with a net buying of HKD 5.155 billion [1] Group 2: Active Stocks - In the Shanghai Stock Exchange's southbound trading, Alibaba-W had the highest trading volume at HKD 65.69 billion, followed by Goldwind Technology at HKD 33.07 billion and SMIC at HKD 21.74 billion [1] - Tencent Holdings had the highest net buying amount of HKD 0.883 billion, despite a closing price drop of 0.81% [1] - Alibaba-W recorded the highest net selling amount of HKD 2.114 billion, while its closing price increased by 2.73% [1] Group 3: Detailed Stock Data - The top active stocks in the southbound trading on January 9 included: - Alibaba-W: Trading amount of HKD 656.911 million with a net selling of HKD 211.364 million, closing up by 2.73% [3] - Goldwind Technology: Trading amount of HKD 330.673 million with a net selling of HKD 13.003 million, closing up by 3.41% [3] - SMIC: Trading amount of HKD 217.368 million with a net selling of HKD 17.406 million, closing down by 0.73% [3] - Tencent Holdings: Trading amount of HKD 209.478 million with a net buying of HKD 52.898 million, closing down by 0.81% [3]

Core Viewpoint - The short-term performance of the US dollar is highly dependent on the upcoming non-farm payroll data, while the medium to long-term outlook indicates a clear weakening trend for the dollar due to multiple fundamental factors [1][2]. Short-term Summary - The market's expectation for a rate cut by the Federal Reserve in March 2026 has slightly decreased from 41.6% to about 40% as of January 8, driven by resilient economic indicators [1]. - The ISM services PMI rose from 52.6 in November to 54.4 in December, indicating ongoing economic vitality [1]. - Economists predict a 60,000 increase in non-farm payrolls for December, with the unemployment rate potentially dropping to 4.5% and average hourly earnings rising by 3.6% year-on-year [1]. - Stronger-than-expected data could diminish rate cut bets and strengthen the dollar, particularly against the yen, while weak labor market data could increase easing expectations and suppress dollar demand [1]. Medium to Long-term Summary - The continuation of the Federal Reserve's rate cut cycle is a core driver of the dollar's weakening trend, with expectations of a 150 basis point cut in 2026 to support the labor market [2]. - Fitch predicts two rate cuts in the first half of 2026, lowering the federal funds rate to 3.25% [2]. - The anticipated change in Fed leadership in 2026 is expected to lead to a more dovish monetary policy, further increasing downward pressure on the dollar [2]. - Differentiated global central bank policies are also suppressing the dollar's performance, with the Bank of Japan moving towards rate hikes, contrasting with the Fed's easing path [2]. Structural Challenges - The dollar index experienced a cumulative decline of 9.41% in 2025, marking the deepest annual drop since 2017, as global investor sentiment towards dollar assets shifts [3]. - Ongoing issues with the US fiscal and current account deficits are further diminishing the dollar's attractiveness [3]. - Analysts predict a "strong first, weak second" phase for the dollar in 2026, with the index expected to range between 93 and 102 [3]. - The dollar may maintain some resilience in the first half of the year due to fiscal impulses and AI capital inflows, but is expected to enter a clear downtrend in the second half as dovish Fed signals emerge and fiscal effects wane [3].

证券日报网讯 1月9日，中粮资本在互动平台回答投资者提问时表示，公司二级市场股价受宏观经济、 行业政策、市场情绪及流动性等多重复杂因素共同影响，存在一定波动风险，敬请投资者注意风险。公 司始终将业绩稳定增长作为核心经营目标，通过强化风控体系及聚焦主营业务等措施，持续提升经营成 果；未来，公司将专注提升核心竞争力，以稳健、可持续的业绩成长，回报股东的长期支持。同时，敬 请广大投资者理性分析，审慎决策，注意投资风险。 （编辑 袁冠琳） ...

Group 1 - The core message emphasizes the successful implementation of the Nansha Plan, which has led to significant development in the Nansha area, including over 1,300 high-tech enterprises and a 55% annual growth in international high-end talent [1][3] - The Nansha area has seen notable cooperation outcomes in the Greater Bay Area, with 19 joint technology projects accelerating [3] - The establishment of Hong Kong University of Science and Technology (Guangzhou) in 2022 has facilitated the entry of 32 innovative projects into the university's technology transfer base [3] Group 2 - Hong Kong is positioned as a unique common law jurisdiction, aligning its legal system with global financial centers, and offers a simple low tax regime, fostering an open and international business environment [4] - The government is actively promoting innovation in digital trade, financial services, and legal services to provide diversified, high-value professional services for the development of the Greater Bay Area [4] - A one-stop platform for mainland enterprises to expand overseas is proposed, aiming to attract businesses looking to develop international operations through Hong Kong [3][4] Group 3 - The business community is recognized as a vital force in the construction of the Greater Bay Area, with an emphasis on deepening exchanges and exploring more cooperation opportunities in technology innovation and modern services [5] - Hong Kong enterprises are encouraged to leverage their international perspective and resource networks to collaborate with mainland enterprises in accessing global markets [5]

Group 1 - The article emphasizes the importance of self-acceptance and prioritizing one's own needs over societal expectations, suggesting that true growth comes from understanding and releasing burdens that do not belong to oneself [3][4][5] - It discusses the tendency of individuals to compromise their own desires to please others, leading to feelings of resentment and distance in relationships [6][16][20] - The narrative includes personal anecdotes illustrating the consequences of neglecting one's own needs in favor of others, highlighting the need for boundaries and self-care [10][12][18] Group 2 - The article presents the idea that self-assertion is not selfish but rather a necessary step towards self-reconstruction, encouraging individuals to listen to their inner voice [26][32][38] - It shares examples of individuals who have successfully navigated societal pressures to pursue their own paths, reinforcing the message that personal fulfillment should take precedence [44][46] - The author suggests practical steps for individuals to reclaim their time and energy, such as establishing emotional boundaries and dedicating time for self-reflection [41][47][53]

Group 1 - The company, Canenergy Power, announced the establishment of a specialized settlement account for cash management at the Bank of Communications Nanjing Zhushan Road branch [2] - The purpose of this account is to manage temporarily idle raised funds through cash management products [2]

Core Viewpoint - Nasdaq and CME have announced a deepened collaboration to reintroduce the Nasdaq Crypto™ Index as the Nasdaq CME Crypto™ Index, aimed at serving as a benchmark for regulated crypto investment products such as ETFs, structured products, and actively managed funds [1] Group 1 - The new index will be overseen by a joint governance committee and calculated by CF Benchmarks [1] - The initiative aims to promote the indexation and institutional allocation of crypto assets [1]

（文章来源：证券日报） 证券日报网讯 1月9日，电投产融在互动平台回答投资者提问时表示，核能大数据中心建设是基于核能 规模化发展的前提下，为切实开展核能领域数字化转型，加强核能领域数据管理，提升数据标准和安全 性，以及后续智能化升级打造相关的基础设施而提出的需求。2024年12月底已完成了一期小规模建设， 后续将根据实际情况开展二期建设工作。 ...