恒指短期料於 26,000 點上落：聯儲局 12 月一如預期減息 0.25 厘，市場 預期 2026 年主席換屆後貨幣政策立場轉鴿，預測減息 2 次，高於聯儲局 預測，惟仍需觀望經濟數據及其餘委員取態。美國延續減息，內地放寬貨 幣政策的空間加大。12 月中央經濟工作會議談及國內供強需弱矛盾突出， 並要推動投資止跌回穩。相比政治局會議，在風險評估及經濟形勢的判斷 上，輕微增強穩增長訊號。重點領域如擴大內需，穩住樓市股市，以及反 內卷，政策思路未有明顯轉變。後續需跟進年初地方兩會及 3 月全國兩 會。中美關稅戰停戰，若然經濟形勢未有急劇轉變，內地短期政策加碼誘 因不大。預計政策重點提效，並具針對性。基於短期內港股企業盈利難有 明顯改善，以及聯儲局減息路徑未明，恒指短期料於 26,000 點上落。 短期看好板塊 歐元區11月PPI；美國10月出口、進口及貿易收支； 企業消息 百度集團(9888)分拆崑崙芯傳籌最多20億美元； 每日港股評析 港股早晨快訊 2026 年 1 月 8 日星期四 2012-01- 17 快手(1024)據報考慮首次發行境外債券； 市場回顧 中港股市短期展望 美國聯儲局2025年12月宣布減 ...

Alphabet上一次市值比苹果更高，还要追溯到2019年1月29日。同时，周三也标志着Alphabet自2018年 以后，时隔近八年重新夺回美股市值第二的宝座——目前，全球市值最高企业的宝座仍由英伟达占据。 分析人士指出，市值排名的逆转凸显了谷歌与苹果在人工智能战略上的分歧走向。 在周三美股收盘后，硅谷两大科技巨头之间无疑又迎来了一个值得铭记的时刻——时隔七年，谷歌市值 终于又一次超越了苹果。 2025年，Alphabet股价累计飙升了65%，创下了自2009年金融危机后股价翻倍以来的最强劲涨势。 道琼斯市场数据显示，随着谷歌母公司Alphabet周三收盘上涨2.4%，其市值报收于3.88万亿美元，超越 了苹果公司3.84万亿美元的市值。 经历了对AI战略布局的全面推进，Alphabet刚刚以华尔街表现最佳企业之一的姿态结束了2025年。去年 11月，该公司发布第七代张量处理单元Ironwood——这款定制AI芯片有望成为英伟达GPU产品的替代方 案。12月推出的最新大模型Gemini 3也收获了如潮好评。一时间，"谷歌链"在市场上可谓风头无二。 苹果原计划去年推出新一代Siri人工智能助手，但最终推迟了发 ...

Group 1: Market Movements - Google's market capitalization reached $3.89 trillion, surpassing Apple's $3.85 trillion for the first time since 2019 [2] - Major tech stocks saw varied performance, with Intel rising over 6% and Google increasing by over 2% [2] Group 2: AI Developments - OpenAI launched ChatGPT Health, which connects medical records and health apps to help users understand health reports [3] - Lenovo and NVIDIA announced a collaboration to create an "AI Cloud Super Factory," aiming to significantly reduce AI deployment time and scale up to 100,000 GPUs [4] - Siemens and NVIDIA expanded their strategic partnership to develop industrial AI solutions, with plans to create AI-driven manufacturing bases starting in 2026 [5] - Genie Sim 3.0, an open-source simulation platform driven by large language models, was launched by Zhiyuan Robotics at CES [8] Group 3: Corporate Announcements - Xiaomi awarded its 2025 Technology Awards, with the top prize going to the self-developed chip "玄戒O1" [7] - ByteDance denied rumors of entering the automotive industry but confirmed ongoing collaborations in automotive intelligence with Mercedes-Benz [9] - Baidu's "萝卜快跑" received the first full autonomous driving test license in Dubai, with plans to expand its fleet to over 1,000 vehicles [10] Group 4: Financial Activities - xAI completed its E-round financing, raising $20 billion, exceeding its initial target of $15 billion [20] - Su Mei Da plans to acquire a 16.92% stake in Blue Science and Technology for approximately $4.03 billion [22] - Zhongwei Company announced plans to sell up to 1.3% of its shares in Tuojing Technology, with an expected transaction value of approximately 1.393 billion yuan [17]

-主要市场指数表现 | | 收市价 | 上个交易日升 | YTD 升跌 | | --- | --- | --- | --- | | 恒生指数 | 26,458 | -0.94% | +3.23% | | 恒生科技指数 | 5,738 | -1.49% | +4.03% | | 国企指数 | 9,138 | -1.14% | +2.53% | | 沪深 300 | 4,776 | -0.29% | +3.17% | | 上证综合指数 | 4,085 | +0.05% | +2.95% | | 深证成份指数 | 14,030 | +0.06% | +3.74% | | 中小板指 | 8,611 | +0.21% | +4.21% | | 道琼斯指数 | 48,996 | -0.94% | +1.94% | | 标普 500 指数 | 6,920 | -0.34% | +1.10% | | 纳斯达克指数 | 23,584 | +0.16% | +1.47% | | 伦敦富时指数 | 10,048 | -0.74% | +1.18% | | CAC40 指数 | 8,233 | -0.04% | +1.04% | | ...

港股晨报 港股回顾 点，跌幅随即扩大至 247 点，低见 23730 点，其后跌幅 一度收窄至仅 20 点，午后大盘走势偏软，尾盘沽压再 度扩大。截至收盘，恒指收报 23831 点，下跌 145 点或 0.61%；国指收报 9656 点，下跌 47 点或 0.49%，大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿，其中港股通(沪)净流入 2.83 亿，港股通(深)净 流入 2.01 亿。板块方面，本地地产、软件、5G 概念板 块跌幅靠前；黄金股逆市走强。 周三港股股指震荡走低，科网股多数回调，医 药、芯片股走强。恒生指数收跌 0.94%报 26458.95 点；恒生科技指数下跌 1.49%；恒生中 国企业指数下跌 1.14%。市场成交额为 2761.34 亿港元。恒生科技指数成分股中 9 只上涨，20 只 下跌，其中腾讯音乐-SW 下跌 5.50%；蔚来-SW 下 跌 3.34%；网易-S 下跌 2.88%。涨幅方面，华虹 半导体上涨 5.00%；地平线机器人-W 上涨 1.52%。 美股市场 1. 周三美股三大指数收盘涨跌不一，纳指涨 0.16%，标普 500 指数跌 0.34% ...

天眼查工商信息显示，近日，河北象鲜科技有限公司成立，法定代表人为王若冲，注册资本1000万人民 币，经营范围含互联网销售、餐饮管理、外卖递送服务、食用农产品零售、计算机软硬件及辅助设备零 售等。股东信息显示，该公司由小象超市关联公司北京象鲜科技有限公司全资持股。 ...

Group 1: Market Overview - Global stock markets started 2026 positively, with the technology sector and small-cap stocks driving gains, leading to new historical highs for the Dow Jones Industrial Average and S&P 500 [1] - The upward trend in US and Chinese stock markets may continue, but there are concerns about a potential bubble in the US market due to weakening factors that previously supported its rise [1][2] - The Chinese economy is currently in a phase of growth, particularly in new technologies like AI, which is expected to improve corporate profits and stabilize prices [1] Group 2: US Market Risks - The US stock market has seen two-digit growth for three consecutive years from 2023 to 2025, which is historically rare, and many large-cap stocks are now highly valued [2] - Potential issues are accumulating in the US market, and if the Federal Reserve's easing measures fall short of expectations, significant negative impacts could occur [2][4] - The current expected price-to-earnings (PE) ratio for the S&P 500 is 22, above the 10-year average of 19, indicating high valuations that could lead to substantial corrections [6] Group 3: Economic Conditions - The US economy is exhibiting a K-shaped recovery, with structural issues such as a struggling traditional manufacturing sector and real estate market [7] - Small businesses, which employ 43% of the private sector workforce, are lagging in recovery, impacting overall labor market improvement [7] - The liquidity situation remains uncertain, with potential tightening that could lead to sharp declines in the stock market [7] Group 4: AI and Technological Investment - The AI investment trend in the US is expected to be a significant driver of economic growth in 2026, but its effectiveness will depend on widespread adoption across industries [8] - Currently, only about 15% of manufacturing and 10% of service sector companies in the US have integrated AI into their production processes [8] Group 5: Chinese Market Potential - A-shares and Hong Kong stocks are currently undervalued compared to US stocks, with A-share valuations expected to rise due to improved profitability from AI applications [9] - The Chinese government is expected to implement supportive fiscal and monetary policies in 2026, focusing on boosting domestic demand and technology [9][10] - Historical trends suggest that stable earnings growth and rising valuation levels are key drivers for stock market performance during economic transitions [10] Group 6: Conclusion - The US stock market faces significant adjustment risks due to high valuations and policy uncertainties, while the Chinese market shows relative advantages in valuation and growth potential [12]

Group 1 - The Hang Seng Index opened down 0.59%, while the Hang Seng Tech Index fell by 0.44%. Bank stocks strengthened, with China Merchants Bank rising nearly 1%, while the non-ferrous metals sector weakened, with China Aluminum dropping over 2%. Tech stocks were sluggish, with Alibaba and Baidu both declining by more than 1% [1] - CITIC Securities believes that due to the internal "14th Five-Year Plan" catalyst and external major economies' "fiscal + monetary" dual easing, the Hong Kong stock market is expected to welcome a second round of valuation repair and further earnings recovery by 2026. It suggests focusing on technology, healthcare, resource products, essential consumer goods, paper, and aviation sectors [1] - Everbright Securities indicates that with domestic policy efforts and a weaker US dollar, the Hong Kong stock market may continue to experience a volatile upward trend. The overall profitability of the Hong Kong market is relatively strong, and assets in the internet, new consumption, and innovative pharmaceuticals are relatively scarce. Despite several months of consecutive gains, the overall valuation remains low, making long-term allocation cost-effective [1] - Dongwu Securities believes that the Hong Kong stock market is entering a volatile upward phase, emphasizing the need to maintain dividends as a base and seize the technology growth market in the first half of the year. Potential incremental funds from southbound investments will continue to increase allocation to value dividends. Considering valuations and the AH comparison perspective, southbound funds will generally increase allocation to Hong Kong tech growth stocks, although the tech market will still be influenced by overseas interest rate cuts and US tech market trends, requiring dynamic observation [1] Group 2 - Industrial Securities suggests actively going long, as the Hong Kong stock market is expected to start a spring offensive led by the Hang Seng Tech Index. In the medium term, the bull market in Hong Kong stocks will continue into 2026, with earnings and liquidity likely to drive the market. Changes in risk appetite may present a pattern of "rise first, then fall, and rise again" [2] - In the first quarter of 2026, the risk appetite for Hong Kong stocks is expected to "rise first" [2]

1月7日港股公司回购一览 证券时报·数据宝统计显示，1月7日有42家香港上市公司进行了股份回购，合计回购2433.50万股，回购 金额9.53亿港元。 腾讯控股回购数量102.30万股，回购金额6.36亿港元，回购最高价为628.000港元，最低价为615.500港 元，年内累计回购金额25.43亿港元；小米集团-W回购数量390.00万股，回购金额1.49亿港元，回购最 高价为38.200港元，最低价为38.120港元，年内累计回购金额4.48亿港元；吉利汽车回购数量338.80万 股，回购金额5915.60万港元，回购最高价为17.650港元，最低价为17.380港元，年内累计回购金额1.27 亿港元。 以金额进行统计，1月7日回购金额最多的是腾讯控股，回购金额为6.36亿港元；其次是小米集团-W， 回购金额为1.49亿港元；回购金额居前的还有吉利汽车、佑驾创新等。回购数量上看，1月7日回购股数 最多的是小米集团-W，当日回购量为390.00万股；其次是吉利汽车、百融云-W等，回购数量分别为 338.80万股、205.00万股。（数据宝） | 09669 | 北森控股 | 10.00 | 71.89 | ...

Market Overview - The Hong Kong stock market opened lower on January 8, with the Hang Seng Index down 0.59% at 26,302.78 points, the Hang Seng Tech Index down 0.44% at 5,713.53 points, the National Enterprises Index down 0.43% at 9,099.63 points, and the Red Chip Index down 0.14% at 4,109.34 points [1] - Major tech stocks mostly declined, with Alibaba down 1.58%, Tencent down 0.96%, JD.com down 0.79%, Xiaomi down 0.42%, Meituan down 0.77%, and Bilibili down 0.47% [1] - New stocks listed today included Zhihui, which rose over 3%, Tianshu Zhixin, which surged over 31%, and Jingfeng Medical-B, which increased over 36% [1] Company News - Xinyi International (00732.HK) reported a cumulative net operating revenue of approximately HKD 16.534 billion for 2025, a year-on-year decrease of about 7.3% [2] - China Overseas Development (00688.HK) announced a cumulative contract property sales amount of approximately RMB 251.231 billion for 2025, down 19.1% year-on-year [2] - Greentown China (03900.HK) reported a total contract sales amount of approximately RMB 251.9 billion for 2025, a decrease of 9% year-on-year [2] - China Overseas Hongyang Group (00081.HK) achieved a contract sales amount of RMB 2.57 billion for December 2025, down 43.9% year-on-year [3] - Qinhuangdao Port Co., Ltd. (03369.HK) reported a total throughput of 433 million tons for the year ending December 31, 2025, an increase of 4.48% year-on-year [4] - Lijun Pharmaceutical (01513.HK) announced that the injection of Laconchita monoclonal antibody has been included in the priority review and approval process [5] - Kinko Service (09666.HK) received acceptance from independent shareholders for 218.6 million shares without interests [6] - CICC (03908.HK) plans to issue no more than HKD 3 billion in perpetual subordinated bonds [7] - Agricultural Bank of China (01288.HK) saw Ping An Life increase its stake in its H-shares [8] - Aoyou Group (03383.HK) reported a total pre-sale amount of approximately RMB 8.57 billion as of December 31, 2025 [9] - CIMC Group (02039.HK) stated that the sale of property projects will reduce the group's net profit attributable to shareholders by approximately RMB 1.08 billion for 2025 [10] Stock Buybacks - Xiaomi Group-W (01810.HK) repurchased 3.9 million shares for HKD 149 million at prices between HKD 38.12 and HKD 38.2 [11] - Tencent Holdings (00700.HK) repurchased 1.023 million shares for HKD 636 million at prices between HKD 615.5 and HKD 628 [11] - Geely Automobile (00175.HK) repurchased 3.388 million shares for HKD 59.156 million at prices between HKD 17.38 and HKD 17.65 [12] Institutional Insights - Zheshang International noted that the fundamentals of the Hong Kong stock market remain weak, with a decline in the funding environment, while policy focus is on new productivity and expanding domestic demand [14] - Goldman Sachs maintains an "overweight" rating on Chinese A-shares and H-shares, citing attractive risk-reward ratios amid low profit growth and valuation levels [14] - FSMOne indicated that the valuation recovery of the Hang Seng Index has largely been achieved, with future performance dependent on corporate profit recovery [15] - Huatai Securities highlighted three investment opportunities under new industrialization: high-end manufacturing going global, strengthening domestic supply chains, and forward-looking investments in emerging industries [15]