恒生双科技指数以固定比例合并恒生科技指数与恒生生物科技指数成分股，覆盖香港上市科技与生物科 技企业；恒生港股通互联网科技业指数追踪可经港股通买卖、主营互联网或信息科技业务的港股公司； 恒生港股通非银行金融指数则聚焦可经港股通买卖的非银金融港股。 来源：观点地产网 观点网讯：1月9日，恒生指数公司宣布推出恒生双科技指数、恒生港股通互联网科技业指数及恒生港股 通非银行金融指数，三条新指数均每隔两秒计算并实时发布，旨在丰富香港市场投资与风险管理工具。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 ...

欧盟技术主管亨娜.维尔库宁将于1月20日提交名为《数字网络法案》(简称DNA)的规则修订方案，旨在 提升欧洲在电信基础设施领域的竞争力和投资。 据知情人士透露，尽管电信公司纷纷发出呼吁，但Alphabet(GOOGL.US)旗下的谷歌、 Meta(META.US)、奈飞(NFLX.US)、微软(MSFT.US)和亚马逊(AMZN.US)在欧洲的数字规则改革中将不 会面临严苛的监管。 欧盟委员会近年来通过的一系列新技术规则引发了美国的批评，美方称其针对的是美国科技巨头。 根据提议的改革方案，欧盟委员会将就光纤基础设施的部署向各国监管机构提供指导，这是实现其数字 目标并追赶美国和中国的关键。 在 DNA正式成为法规之前，她需要在未来几个月内与欧盟成员国及欧洲议会敲定具体细节。 知情人士还表示，如果各国政府能证明其尚未准备就绪，DNA将允许其延长2030年前用光纤基础设施 取代铜线网络的截止日期。 据知情人士透露，在DNA草案中，欧盟委员会还将规定频谱许可的期限、频谱销售的条件以及定价方 法，以指导各国监管机构进行频谱拍卖，这些拍卖能为各国政府带来数十亿欧元的收入。 虽然此举的目标是在拥有27个成员国的欧盟范围内统 ...

在经历去年上半年涨势如虹但下半年跌跌不休的"冰火两重天"后，阿里又站在一个前所未有的战略十字 路口。其表现早已超越单一个股的范畴，成为衡量港股尤其是恒生科技指数情绪与方向的关键标尺。身 陷多线作战的阿里，到底会继续拖累港股，还是最终蜕变为引领板块价值重估的引擎？ 当前，市场对阿里的所有担忧，都可清晰地具象化为两份冰冷的"账单"。 2026年1月8日，阿里巴巴美股罕见地以超过5%的涨幅收盘，与其港股近期相对疲弱的表现形成了微妙 分野。这一分化折射出全球投资者对这家中国互联网巨头最真实的矛盾情绪：一边是因其在即时零售战 场"坚定加大投入"而引发的对短期利润的深切忧虑；另一边则是对其在另一条更隐秘战线——AI与云计 算上重注未来所抱有的长期期待。 图片来源：视觉中国 首先，是即时零售战局必须出现明确的"亏损收敛"信号。市场并非无法接受战略性亏损，但需要看到通 往盈利的清晰路径。国信证券在2026年投资展望中预判，这场大战可能在2026年进入"投入边际收缩阶 段"。一旦亏损拐点被财报数据证实，压在股价和板块情绪上最重的一块石头将被移开。 第一份是眼前可见的"亏损账单"。近日，阿里巴巴管理层在面向投资者的交流会上做出了 ...

Core Insights - Shenzhen has announced the first batch of key projects for 2026, including 222 projects with a total investment of approximately 157.34 billion yuan, highlighting the "pan-video technology R&D headquarters" as the second headquarters for Douyin [1] - The project aims to create a "pan-video R&D industrial cluster and new business headquarters" to support the R&D iterations of core products like Douyin and Toutiao, while also incorporating new business areas such as payment systems [1] - Douyin's payment service has seen a significant capital increase from 150 million yuan to 3.15 billion yuan, indicating a strategic focus on enhancing transaction and funding capabilities to support e-commerce and local life services [1] Company Developments - Douyin Group's first self-built regional headquarters, the Douyin Group Qianhai Center, was officially launched in July 2025, focusing on business management and technology R&D in the Greater Bay Area [2] - The South Mountain area of Shenzhen is noted for its strong R&D investment, AI and robotics industry clusters, and high density of tech companies and talent, providing a conducive environment for Douyin's core product iterations and new business capabilities [2] - Douyin has evolved into a comprehensive commercial entity integrating content, e-commerce, local life services, and payment solutions, with daily active users stabilizing around 800 million [2] Market Valuation - Douyin Group's valuation continues to attract attention, with a recent transaction by Today Capital valuing the company at approximately 480 billion USD, while other estimates range from 350 billion to 370 billion USD [3] - Douyin has been recognized as the highest-valued unicorn globally, with a valuation of 300 billion USD according to a report by Great Wall Strategic Consulting [3] - The establishment of Douyin's second headquarters in Shenzhen, along with increased investment in payment systems and the launch of AI and SaaS platforms, is expected to enhance its R&D capabilities and new business incubation, positively impacting the digital economy [3]

Core Viewpoint - The company leverages its 360 security browser with an average monthly active user base of nearly 400 million to reshape the entire chain of intelligent marketing through AI, enhancing customer conversion efficiency [1] Group 1: AI and Marketing Strategy - The company utilizes the "360 Smart Brain" and "360CV" large model capabilities to intelligently generate titles, copy, images, and video content, optimizing advertisement display formats and increasing click-through rates [1] - The self-developed user intent understanding model intelligently mines potential user needs, matching supply and demand, and works alongside "smart landing pages" and other intelligent conversion tools to automate the entire process from reach, interest guidance to conversion [1] Group 2: Advertising Efficiency - The comprehensive automation significantly enhances advertising conversion efficiency, helping clients achieve both precise marketing and improved performance goals [1]

摩根士丹利指出，中国AI产业正走出一条以"开放模型"策略对抗全球"封闭"体系、并在应用层加速变现的独特路径。以阿里巴巴和腾讯为代表的平台巨头正凭借其云计算整合能力、 超级应用生态与私有数据优势，率先将AI技术转化为高回报的商业价值，引领资本市场从算力炒作转向应用落地的定价逻辑。 硬·AI 作者 | 叶慧雯 01 超级应用与AI原生应用的双规并行 在应用层面，中国市场呈现出"超级应用"进化与"AI原生应用"爆发并行的独特景观。 大摩特别强调了微信作为AI Agent（智能体）先驱的巨大潜力。截至2025年7月，微信拥有11亿月活跃用户（MAU），日均用户时长高达99.4分钟，且日均人均 会话次数达到44.6次。这种高频、深度的用户粘性为AI Agent的植入提供了完美的土壤，使其能够无缝接入生活、购物、旅行等多元场景。 编辑 | 硬 AI 摩根士丹利认为，市场正在发生结构性转变：尽管全球AI竞赛喧嚣尘上，但中国正在走出一条独特的路径——即"开放"模型策略对抗世界的"封闭"体系。 据追风交易台，1月8日，大摩的发布的最新研报显示，在全球前10名的SOTA（当前最佳）模型中，中国已占据半壁江山。大摩预计2027年中 ...

Core Viewpoint - The Hong Kong Hang Seng Index increased by 82.48 points, or 0.32%, closing at 26,231.79 points, with a total turnover of HKD 245.13 billion [1] Group 1: Index Performance - The Hang Seng Index rose by 82.48 points, closing at 26,231.79 points, reflecting a 0.32% increase [1] - The National Enterprises Index increased by 9.19 points, closing at 9,048.53 points, with a 0.1% rise [1] - The Hang Seng Technology Index gained 8.8 points, closing at 5,687.14 points, marking a 0.15% increase [1] Group 2: Blue-Chip Stocks - Tencent Holdings decreased by 0.81%, closing at HKD 611 [1] - Hong Kong Exchanges and Clearing rose by 0.38%, closing at HKD 426.8 [1] - China Mobile remained unchanged at HKD 80.95 [1] - HSBC Holdings increased by 0.4%, closing at HKD 124.8 [1] Group 3: Local Hong Kong Stocks - Cheung Kong Holdings fell by 0.33%, closing at HKD 42.1 [1] - Sun Hung Kai Properties rose by 1.36%, closing at HKD 104.2 [1] - Henderson Land Development increased by 0.89%, closing at HKD 29.62 [1] Group 4: Chinese Financial Stocks - Bank of China decreased by 0.68%, closing at HKD 4.39 [1] - China Construction Bank fell by 0.26%, closing at HKD 7.59 [1] - Industrial and Commercial Bank of China rose by 0.49%, closing at HKD 6.13 [1] - Ping An Insurance decreased by 0.28%, closing at HKD 70 [1] - China Life Insurance increased by 1.09%, closing at HKD 31.48 [1] Group 5: Oil and Petrochemical Stocks - China Petroleum & Chemical Corporation rose by 0.43%, closing at HKD 4.69 [1] - PetroChina increased by 1.63%, closing at HKD 8.1 [1] - CNOOC gained 1.26%, closing at HKD 20.94 [1]

1月9日，港股早盘冲高后窄幅震荡，截至收盘，恒指、恒科指分别收涨0.32%、0.15%，互联网板块强 势领涨，重仓互联网龙头的港股互联网ETF（513770）场内价格一度涨超2%，收涨1.69%。AI应用方向 涨幅亮眼，快手-W、哔哩哔哩-W涨超3%，阿里巴巴-W涨2.73%，汇量科技、医脉通、美图公司等领涨 居前。 看好港股科技但又希望降低波动？也可以关注全市场首只——香港大盘30ETF（520560），自带"科技 +红利"哑铃策略，重仓股既有阿里巴巴、腾讯控股等高弹性科技股，又囊括了建设银行、中国平安等 稳健高股息，是港股长期配置的理想底仓工具。 | 序号 | 代码 | 名称 | 两日图 现价 | 涨跌 | 涨跌幅 ▼ | | --- | --- | --- | --- | --- | --- | | 1 | 1860 | 汇量科技 | 17.480 | 2.040 | 13.21% | | 2 | 2192 | 医脉通 | 11.860 | 1.110 | 10.33% | | 3 | 6682 | 第四范式 | 49.680 | 3.440 | 7.44% | | 4 | 1357 | 美图公司 | ...

腾讯控股(00700.HK)1月9日耗资6.36亿港元回购103.9万股 腾讯控股(00700.HK)1月8日耗资6.36亿港元回 购103.4万股 相关事件 格隆汇1月9日丨腾讯控股(00700.HK)发布公告，2026年1月9日耗资6.36亿港元回购103.9万股，回购价格 每股610.5-616港元。 ...

本文源自：金融界AI电报 腾讯控股(00700.HK)：1月9日回购103.9万股，耗资约6.4亿港元。 ...