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2021-06-25

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Who is hyping Pien Tze Huang?

2021-06-25

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game&nbsp;","listText":"Tiger game&nbsp;","text":"Tiger game","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122766396","repostId":"1186640720","repostType":4,"repost":{"id":"1186640720","kind":"news","pubTimestamp":1624608318,"share":"https://ttm.financial/m/news/1186640720?lang=en_US&edition=fundamental","pubTime":"2021-06-25 16:05","market":"sh","language":"zh","title":"Who is hyping Pien Tze Huang?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186640720","media":"智通财经APP","summary":"“抢购与炒作齐飞”，今日的神药片仔癀一如2020年的神酒贵州茅台。\n媒体报道，近日，因为消费者疯抢，大量线下门店的片仔癀已经缺货，在淘宝、京东等电商平台，片仔癀官方旗舰店的药品均已售罄。淘宝“片仔癀大","content":"<p>\"Snapping up and hyping Qi Fei\", today's magic medicine Pien Tze Huang is just like the magic wine Kweichow Moutai in 2020.</p><p>According to media reports, recently, Pien Tze Huang in a large number of offline stores has been out of stock due to consumers' rush. On Taobao, JD.com and other e-commerce platforms, the medicines in the official flagship store of Pien Tze Huang have been sold out. Taobao's \"Pien Tze Huang Pharmacy Flagship Store\" customer service stated that the replenishment time cannot be determined, and it is recommended to collect the products first. The price of a single piece of Pien Tze Huang sold by other merchants is as high as 1,000 yuan.</p><p>Pien Tze Huang's stock price has also been rising all the way, soaring from 100 yuan in early 2020 to more than 400 yuan at present. On June 25, it broke through the 450 yuan mark.</p><p>1、<b>Hoarding? Who is snapping up Pien Tze Huang?</b></p><p>Pien Tze Huang is a drug for liver diseases, which is mainly suitable for acute and chronic viral hepatitis caused by heat toxicity and blood stasis. It has both medical and health care functions. Simply put, Pien Tze Huang has the effect of treating fatty liver and alcoholic liver.</p><p>Since Pien Tze Huang went public, it has continuously raised prices 19 times. Among them, the domestic retail price increased 9 times from 2004 to 2020, from the retail price of 325 yuan to 590 yuan, an increase of 82%.</p><p>How did this wave of hype about Pien Tze Huang come about?</p><p>One view is that Pien Tze Huang is scarce.</p><p>Is Pien Tze Huang really scarce?</p><p>Affected by the epidemic, since last year, many consumers' demand for natural medicinal materials has increased, resulting in the price of natural musk rising from 300,000 yuan per kilogram to 400,000 yuan in the past two years. The ingredients of Pien Tze Huang are bezoar, musk, Panax notoginseng and snake bile, and musk alone accounts for 55% of the total cost.</p><p>Some people think that the contradiction in the supply of raw materials in Pien Tze Huang is more prominent than in previous years. As a scarce variety, Pien Tze Huang is in short supply, and the price is getting higher and higher, and the higher it is, the more speculated it is, resulting in an investment \"herd effect\".</p><p>Regarding the reasons for the latest price increase, Pien Tze Huang announced in January 2020 that in view of the increase in main raw materials and labor costs, the company decided to increase the domestic retail price of the leading product Pien Tze Huang lozenges from 530 yuan/tablet to 590 yuan/tablet from the date of the announcement, and the supply price was correspondingly increased by about 40 yuan/tablet.</p><p>However, according to a research report published by Southwest Securities on February 7, 2021, Pien Tze Huang is currently promoting artificial musk deer breeding to make up for the shortage of scarce raw materials. The Shaanxi breeding base raises more than 10,000 musk deer heads, with an estimated annual output of more than 100 kilograms. Musk and bezoar can meet 3 years of production capacity expansion.</p><p>In other words, the so-called scarcity of raw materials is temporary and does not support the hype of Pien Tze Huang.</p><p>Is there a scalper hype?</p><p>At the end of April, some netizens revealed that Pien Tze Huang has officially entered the purchase restriction policy from May 2021, the strictest purchase restriction order in history. In that month, you can buy it in the experience hall with your personal ID number and prescription. One person is limited to 2 pills a month, which meets the use of the month. The dosage ensures that customers who have taken drugs for a long time will not stop taking drugs.</p><p>At present, Pien Tze Huang offline stores in many places implement purchase restrictions. You need to leave your phone number and ID number to make an appointment, and even offline stores require consumers to \"match\" the purchase, that is, if you want to buy Pien Tze Huang, you have to buy other high-priced medicines.</p><p>Analyst Zhu Danpeng said that the sudden shortage of Pien Tze Huang is not unrelated to the hype. In the south, especially in the southeast coastal areas, some consumers think that Pien Tze Huang has health effects, and its price remains high all the year round, which makes it have some gift attributes.</p><p>Some speculators snapped up Pien Tze Huang and waited for the price to rise, and then sold it to earn huge profits.</p><p>A Pien Tze Huang offline store in Shanghai told the media, \"Not many people bought this medicine before. Two or three months ago, scalpers suddenly began to buy it in large quantities. The store had no choice but to restrict purchases and was only open to members and old customers.\"</p><p>Are drugs hyped in conjunction with the capital market?</p><p>Chuancai Securities revealed that there may be hot money involved in Pien Tze Huang speculation.</p><p>The strategy research team of Chuancai Securities believes that behind the sudden imbalance between supply and demand, it is inevitable that there are people who maliciously hoard goods, maliciously speculate, and even take the opportunity to make profits in the securities market.</p><p>In fact, such hype routines are not new. In June this year, a user certified by Weibo as the general manager of an asset management company revealed, \"A liquor company invites dealers to buy equivalent stocks every time they buy wine. In the end, the stock price doubled, which is equivalent to the dealer getting wine at zero cost. The wine can be kept for several years and sold slowly.\"</p><p>2、<b>Public Offering of Fund has emptied Pien Tze Huang?</b></p><p>Different from 2020, when public offering institutions joined forces to promote liquor leaders such as Kweichow Moutai and Wuliangye, this time, paradoxically, public offering funds may have perfectly stepped on Pien Tze Huang, the \"Moutai in Medicine\".</p><p>Wind data shows that at the end of the fourth quarter of 2020, there were 25 Public Offering of Fund holding more than 100,000 shares of Pien Tze Huang: a total of about 26,782,400 shares were held, accounting for about 4.44% of the circulating A shares. Among them, there are many \"top fund managers\" Ge Lan, Liu Gesong, Qu Yang and others.</p><p>However, after experiencing the sharp fluctuation of white horse stocks after the Spring Festival, the public data in the first quarter showed that the number of shares held by the top 25 institutions dropped sharply to 10,021,200 shares, with a reduction of more than 60%, accounting for only 1.65% of the circulation ratio of A shares.</p><p>At the end of 2020, a total of 101 institutional investors held shares. At the end of the first quarter of this year, the number of institutional investors dropped sharply to 41.</p><p>In the quarter of 2021, Pien Tze Huang also experienced a stock price adjustment. Among them, from February 18 to March 9, the stock price fell from 404 yuan to 239 yuan, nearly halved.</p><p>Judging from public data, most Public Offering of Fund sold Pien Tze Huang in the adjustment in the first quarter of 2021.</p><p>However, the main rise in Pien Tze Huang's stock price was in the second quarter of 2021. In this process, did Public Offering of Fund \"eat back grass\" and increase its positions in Pien Tze Huang? At present, the interim reports of Public Offering of Fund and listed companies have not yet been released, so we don't know.</p><p>In the first quarter of 2021, a few Public Offering of Fund chose to stick to or even increase their positions. China Universal Value Select A continued to hold 1.5 million shares without selling one share, while CEIBS Gulen, known as the \"goddess of medicine\" in the industry, bucked the trend and aggressively increased its positions. At the end of the fourth quarter of last year, it only held 272,800 shares of Pien Tze Huang, but at the end of the first quarter, it already held 2,214,900 shares, which was nearly 10 times higher, showing its strong optimism about the company. Like Gulen, the new GF Healthcare (1,187,200 shares) and Social Security 101 portfolio (1,041,300 shares) increased their positions in the first quarter, while Yinhua Fuyu Theme also increased its positions by 1,199,800 shares to 2,749,800 shares in the first quarter, ranking the sixth largest shareholder.</p><p>3、<b>Is Lin Yuan the man behind Pien Tze Huang?</b></p><p>In the 2018 semi-annual report, the private equity fund owned by private equity tycoon Lin Yuan appeared among the top ten shareholders of Pien Tze Huang with a shareholding ratio of 0.64%. As of the end of June 2020, its three private equity funds held a total of 8.837 million shares of Pien Tze Huang.</p><p>However, in the third quarter of 2020, the news that \"Linyuan reduced its holdings of Pien Tze Huang\" came out. As of the first quarter of 2021, Linyuan's three private equity funds were no longer among the top ten shareholders.</p><p>On June 9, 2021, Lin Yuan sent representatives to attend the Pien Tze Huang shareholders' meeting. At the meeting, it was stated, \"I have invested in Pien Tze Huang stocks since 2005, and so far no share has been sold.\" Lin Yuan had previously said that he only split his positions.</p><p>Lin Yuan also sent a warm thank-you letter to Pien Tze Huang, which still expressed strong optimism:</p><p>\"Linyuan and Linyuan Investment have not sold a share since they bought Pien Tze Huang in 2005. Especially in my country's COVID-19 pandemic during the trade war, including this year, they have been investing heavily, adhering to long-termism, firmly optimistic about the Chinese medicine industry, and being bullish on China. Believe in the national destiny, believe that Pien Tze Huang is a great company. Believe in excellent management. I also wish the company well under the leadership of Mr. Pan. Climb the peak bravely and become China's business card and a luxury brand in the world! \"</p><p>Previously, on April 21, 2018, Lin Yuan even declared at the investment report meeting that Pien Tze Huang could be \"brought back to life\".</p><p>\"Recently I chose a Pien Tze Huang. It is also a pharmaceutical enterprise, which is from Fujian. There are two treasures in Zhangzhou, one is narcissus and the other is Pien Tze Huang. After the Fujian people die, the locals have to put this medicine in and try if they can survive.\"</p><p>Regarding this \"speculation\" of Pien Tze Huang, Lin Yuan even publicly stated that \"they will eventually sell the price of two bottles of Maotai.\"</p><p><img src=\"https://static.tigerbbs.com/a6602d2149a718945e18d3b0fdc92cfa\" tg-width=\"608\" tg-height=\"712\" referrerpolicy=\"no-referrer\">4、、<b>Can the price increase of Pien Tze Huang continue?</b></p><p>Can Pien Tze Huang really \"sell for the price of two bottles of Maotai\"?</p><p>On June 9, 2021, at the Pien Tze Huang shareholders' meeting, the company stated that it has always been more cautious in dealing with price increases and does not pursue excessive profits. I don't agree with everyone comparing the prices of Pien Tze Huang with Moutai. Maotai is a grain product and belongs to food; Pien Tze Huang is a drug. When it comes to the pricing and price increase of drugs, we must be more cautious and consider social responsibilities more. We cannot follow the market immediately.</p><p>In fact, as a medicine, Pien Tze Huang always faces medical price control. Under the general trend of centralized pharmaceutical procurement, it is impossible for any \"magic medicine\" to sell at sky-high prices.</p><p>On June 25, Pien Tze Huang responded to the recent phenomenon that its Pien Tze Huang lozenges are \"hard to find\" on the interactive platform, saying that the company's production and operation are in a normal state at present. In response to the recent market situation, the company has taken three measures to resolutely maintain market order.</p><p>Although the stock price has soared, judging from the financial report data in recent years, Pien Tze Huang's revenue growth rate in 2017 was the fastest, reaching 60.85%, but then the revenue growth rate began to decline year by year, and by 2020 it dropped to nearly five years. The lowest point of the year is only 13.78%.</p><p>However, Pien Tze Huang's net profit has always remained at a high level. After the price increase in 2020, the revenue growth rate dropped to the lowest level in five years, but the net profit growth rate was only 1 percentage point behind that in 2019.</p><p>In fact, Pien Tze Huang's research and development expenses account for a very low proportion. The company's research and development expenses from 2018 to 2020 were 100 million yuan, 119 million yuan, and 97.55 million yuan respectively, accounting for 2.12%, 2.09%, and 1.5% of operating income respectively.</p><p>Pien Tze Huang is an \"exclusive business\". Pien Tze Huang and Yunnan Baiyao are the only two national first-class protected varieties of traditional Chinese medicine. State secret formula medicinal materials. Therefore, Pien Tze Huang may not have much motivation for research and development, and it will not make mistakes without trial and error. It is safest to have ready-made ones for reference.</p><p><img src=\"https://static.tigerbbs.com/d5efd050b5584873992f4b1d5f5b5cfb\" tg-width=\"767\" tg-height=\"439\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Who is hyping Pien Tze Huang?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWho is hyping Pien Tze Huang?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经APP</strong><span class=\"h-time small\">2021-06-25 16:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>\"Snapping up and hyping Qi Fei\", today's magic medicine Pien Tze Huang is just like the magic wine Kweichow Moutai in 2020.</p><p>According to media reports, recently, Pien Tze Huang in a large number of offline stores has been out of stock due to consumers' rush. On Taobao, JD.com and other e-commerce platforms, the medicines in the official flagship store of Pien Tze Huang have been sold out. Taobao's \"Pien Tze Huang Pharmacy Flagship Store\" customer service stated that the replenishment time cannot be determined, and it is recommended to collect the products first. The price of a single piece of Pien Tze Huang sold by other merchants is as high as 1,000 yuan.</p><p>Pien Tze Huang's stock price has also been rising all the way, soaring from 100 yuan in early 2020 to more than 400 yuan at present. On June 25, it broke through the 450 yuan mark.</p><p>1、<b>Hoarding? Who is snapping up Pien Tze Huang?</b></p><p>Pien Tze Huang is a drug for liver diseases, which is mainly suitable for acute and chronic viral hepatitis caused by heat toxicity and blood stasis. It has both medical and health care functions. Simply put, Pien Tze Huang has the effect of treating fatty liver and alcoholic liver.</p><p>Since Pien Tze Huang went public, it has continuously raised prices 19 times. Among them, the domestic retail price increased 9 times from 2004 to 2020, from the retail price of 325 yuan to 590 yuan, an increase of 82%.</p><p>How did this wave of hype about Pien Tze Huang come about?</p><p>One view is that Pien Tze Huang is scarce.</p><p>Is Pien Tze Huang really scarce?</p><p>Affected by the epidemic, since last year, many consumers' demand for natural medicinal materials has increased, resulting in the price of natural musk rising from 300,000 yuan per kilogram to 400,000 yuan in the past two years. The ingredients of Pien Tze Huang are bezoar, musk, Panax notoginseng and snake bile, and musk alone accounts for 55% of the total cost.</p><p>Some people think that the contradiction in the supply of raw materials in Pien Tze Huang is more prominent than in previous years. As a scarce variety, Pien Tze Huang is in short supply, and the price is getting higher and higher, and the higher it is, the more speculated it is, resulting in an investment \"herd effect\".</p><p>Regarding the reasons for the latest price increase, Pien Tze Huang announced in January 2020 that in view of the increase in main raw materials and labor costs, the company decided to increase the domestic retail price of the leading product Pien Tze Huang lozenges from 530 yuan/tablet to 590 yuan/tablet from the date of the announcement, and the supply price was correspondingly increased by about 40 yuan/tablet.</p><p>However, according to a research report published by Southwest Securities on February 7, 2021, Pien Tze Huang is currently promoting artificial musk deer breeding to make up for the shortage of scarce raw materials. The Shaanxi breeding base raises more than 10,000 musk deer heads, with an estimated annual output of more than 100 kilograms. Musk and bezoar can meet 3 years of production capacity expansion.</p><p>In other words, the so-called scarcity of raw materials is temporary and does not support the hype of Pien Tze Huang.</p><p>Is there a scalper hype?</p><p>At the end of April, some netizens revealed that Pien Tze Huang has officially entered the purchase restriction policy from May 2021, the strictest purchase restriction order in history. In that month, you can buy it in the experience hall with your personal ID number and prescription. One person is limited to 2 pills a month, which meets the use of the month. The dosage ensures that customers who have taken drugs for a long time will not stop taking drugs.</p><p>At present, Pien Tze Huang offline stores in many places implement purchase restrictions. You need to leave your phone number and ID number to make an appointment, and even offline stores require consumers to \"match\" the purchase, that is, if you want to buy Pien Tze Huang, you have to buy other high-priced medicines.</p><p>Analyst Zhu Danpeng said that the sudden shortage of Pien Tze Huang is not unrelated to the hype. In the south, especially in the southeast coastal areas, some consumers think that Pien Tze Huang has health effects, and its price remains high all the year round, which makes it have some gift attributes.</p><p>Some speculators snapped up Pien Tze Huang and waited for the price to rise, and then sold it to earn huge profits.</p><p>A Pien Tze Huang offline store in Shanghai told the media, \"Not many people bought this medicine before. Two or three months ago, scalpers suddenly began to buy it in large quantities. The store had no choice but to restrict purchases and was only open to members and old customers.\"</p><p>Are drugs hyped in conjunction with the capital market?</p><p>Chuancai Securities revealed that there may be hot money involved in Pien Tze Huang speculation.</p><p>The strategy research team of Chuancai Securities believes that behind the sudden imbalance between supply and demand, it is inevitable that there are people who maliciously hoard goods, maliciously speculate, and even take the opportunity to make profits in the securities market.</p><p>In fact, such hype routines are not new. In June this year, a user certified by Weibo as the general manager of an asset management company revealed, \"A liquor company invites dealers to buy equivalent stocks every time they buy wine. In the end, the stock price doubled, which is equivalent to the dealer getting wine at zero cost. The wine can be kept for several years and sold slowly.\"</p><p>2、<b>Public Offering of Fund has emptied Pien Tze Huang?</b></p><p>Different from 2020, when public offering institutions joined forces to promote liquor leaders such as Kweichow Moutai and Wuliangye, this time, paradoxically, public offering funds may have perfectly stepped on Pien Tze Huang, the \"Moutai in Medicine\".</p><p>Wind data shows that at the end of the fourth quarter of 2020, there were 25 Public Offering of Fund holding more than 100,000 shares of Pien Tze Huang: a total of about 26,782,400 shares were held, accounting for about 4.44% of the circulating A shares. Among them, there are many \"top fund managers\" Ge Lan, Liu Gesong, Qu Yang and others.</p><p>However, after experiencing the sharp fluctuation of white horse stocks after the Spring Festival, the public data in the first quarter showed that the number of shares held by the top 25 institutions dropped sharply to 10,021,200 shares, with a reduction of more than 60%, accounting for only 1.65% of the circulation ratio of A shares.</p><p>At the end of 2020, a total of 101 institutional investors held shares. At the end of the first quarter of this year, the number of institutional investors dropped sharply to 41.</p><p>In the quarter of 2021, Pien Tze Huang also experienced a stock price adjustment. Among them, from February 18 to March 9, the stock price fell from 404 yuan to 239 yuan, nearly halved.</p><p>Judging from public data, most Public Offering of Fund sold Pien Tze Huang in the adjustment in the first quarter of 2021.</p><p>However, the main rise in Pien Tze Huang's stock price was in the second quarter of 2021. In this process, did Public Offering of Fund \"eat back grass\" and increase its positions in Pien Tze Huang? At present, the interim reports of Public Offering of Fund and listed companies have not yet been released, so we don't know.</p><p>In the first quarter of 2021, a few Public Offering of Fund chose to stick to or even increase their positions. China Universal Value Select A continued to hold 1.5 million shares without selling one share, while CEIBS Gulen, known as the \"goddess of medicine\" in the industry, bucked the trend and aggressively increased its positions. At the end of the fourth quarter of last year, it only held 272,800 shares of Pien Tze Huang, but at the end of the first quarter, it already held 2,214,900 shares, which was nearly 10 times higher, showing its strong optimism about the company. Like Gulen, the new GF Healthcare (1,187,200 shares) and Social Security 101 portfolio (1,041,300 shares) increased their positions in the first quarter, while Yinhua Fuyu Theme also increased its positions by 1,199,800 shares to 2,749,800 shares in the first quarter, ranking the sixth largest shareholder.</p><p>3、<b>Is Lin Yuan the man behind Pien Tze Huang?</b></p><p>In the 2018 semi-annual report, the private equity fund owned by private equity tycoon Lin Yuan appeared among the top ten shareholders of Pien Tze Huang with a shareholding ratio of 0.64%. As of the end of June 2020, its three private equity funds held a total of 8.837 million shares of Pien Tze Huang.</p><p>However, in the third quarter of 2020, the news that \"Linyuan reduced its holdings of Pien Tze Huang\" came out. As of the first quarter of 2021, Linyuan's three private equity funds were no longer among the top ten shareholders.</p><p>On June 9, 2021, Lin Yuan sent representatives to attend the Pien Tze Huang shareholders' meeting. At the meeting, it was stated, \"I have invested in Pien Tze Huang stocks since 2005, and so far no share has been sold.\" Lin Yuan had previously said that he only split his positions.</p><p>Lin Yuan also sent a warm thank-you letter to Pien Tze Huang, which still expressed strong optimism:</p><p>\"Linyuan and Linyuan Investment have not sold a share since they bought Pien Tze Huang in 2005. Especially in my country's COVID-19 pandemic during the trade war, including this year, they have been investing heavily, adhering to long-termism, firmly optimistic about the Chinese medicine industry, and being bullish on China. Believe in the national destiny, believe that Pien Tze Huang is a great company. Believe in excellent management. I also wish the company well under the leadership of Mr. Pan. Climb the peak bravely and become China's business card and a luxury brand in the world! \"</p><p>Previously, on April 21, 2018, Lin Yuan even declared at the investment report meeting that Pien Tze Huang could be \"brought back to life\".</p><p>\"Recently I chose a Pien Tze Huang. It is also a pharmaceutical enterprise, which is from Fujian. There are two treasures in Zhangzhou, one is narcissus and the other is Pien Tze Huang. After the Fujian people die, the locals have to put this medicine in and try if they can survive.\"</p><p>Regarding this \"speculation\" of Pien Tze Huang, Lin Yuan even publicly stated that \"they will eventually sell the price of two bottles of Maotai.\"</p><p><img src=\"https://static.tigerbbs.com/a6602d2149a718945e18d3b0fdc92cfa\" tg-width=\"608\" tg-height=\"712\" referrerpolicy=\"no-referrer\">4、、<b>Can the price increase of Pien Tze Huang continue?</b></p><p>Can Pien Tze Huang really \"sell for the price of two bottles of Maotai\"?</p><p>On June 9, 2021, at the Pien Tze Huang shareholders' meeting, the company stated that it has always been more cautious in dealing with price increases and does not pursue excessive profits. I don't agree with everyone comparing the prices of Pien Tze Huang with Moutai. Maotai is a grain product and belongs to food; Pien Tze Huang is a drug. When it comes to the pricing and price increase of drugs, we must be more cautious and consider social responsibilities more. We cannot follow the market immediately.</p><p>In fact, as a medicine, Pien Tze Huang always faces medical price control. Under the general trend of centralized pharmaceutical procurement, it is impossible for any \"magic medicine\" to sell at sky-high prices.</p><p>On June 25, Pien Tze Huang responded to the recent phenomenon that its Pien Tze Huang lozenges are \"hard to find\" on the interactive platform, saying that the company's production and operation are in a normal state at present. In response to the recent market situation, the company has taken three measures to resolutely maintain market order.</p><p>Although the stock price has soared, judging from the financial report data in recent years, Pien Tze Huang's revenue growth rate in 2017 was the fastest, reaching 60.85%, but then the revenue growth rate began to decline year by year, and by 2020 it dropped to nearly five years. The lowest point of the year is only 13.78%.</p><p>However, Pien Tze Huang's net profit has always remained at a high level. After the price increase in 2020, the revenue growth rate dropped to the lowest level in five years, but the net profit growth rate was only 1 percentage point behind that in 2019.</p><p>In fact, Pien Tze Huang's research and development expenses account for a very low proportion. The company's research and development expenses from 2018 to 2020 were 100 million yuan, 119 million yuan, and 97.55 million yuan respectively, accounting for 2.12%, 2.09%, and 1.5% of operating income respectively.</p><p>Pien Tze Huang is an \"exclusive business\". Pien Tze Huang and Yunnan Baiyao are the only two national first-class protected varieties of traditional Chinese medicine. State secret formula medicinal materials. Therefore, Pien Tze Huang may not have much motivation for research and development, and it will not make mistakes without trial and error. It is safest to have ready-made ones for reference.</p><p><img src=\"https://static.tigerbbs.com/d5efd050b5584873992f4b1d5f5b5cfb\" tg-width=\"767\" tg-height=\"439\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/fPg__P2D5g2Ud8-8ZahI9Q\">智通财经APP</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3153c88188d79bb8182b93c4fdd43636","relate_stocks":{"600436":"片仔癀"},"source_url":"https://mp.weixin.qq.com/s/fPg__P2D5g2Ud8-8ZahI9Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186640720","content_text":"“抢购与炒作齐飞”，今日的神药片仔癀一如2020年的神酒贵州茅台。\n媒体报道，近日，因为消费者疯抢，大量线下门店的片仔癀已经缺货，在淘宝、京东等电商平台，片仔癀官方旗舰店的药品均已售罄。淘宝“片仔癀大药房旗舰店”客服表示，补货时间无法确定，建议先收藏商品。其他商家售卖的片仔癀单粒价格则高达千元。\n片仔癀的股价也一路水涨船高，从2020年初的100元飙升至目前的400元以上，6月25日，突破450元大关。\n1、囤积居奇？谁在抢购片仔癀？\n片仔癀是一种肝病用药，主要适用于热毒血瘀所致急慢性病毒性肝炎，同时具备医用和保健功能。简单地说，片仔癀有治疗脂肪肝、酒精肝的作用。\n自片仔癀上市以来，已经持续进行了19次提价。其中，2004年到2020年国内零售价一共提价9次，从325元的零售价提升到了590元，提升82%。\n片仔癀这波炒作是怎么来的呢？\n一种观点是，片仔癀稀缺。\n片仔癀真的稀缺吗？\n受疫情影响，去年开始，许多消费者对天然药材的需求增加，导致这两年天然麝香价格从每千克30万涨到40万元。片仔癀成分为牛黄、麝香、三七与蛇胆，光麝香就占到总成本的55%。\n有人认为，片仔癀原材料供应矛盾比往年更突出。作为稀缺品种，片仔癀供不应求，价格越炒越高，越高越炒，出现投资“羊群效应”。\n对于最近一次涨价原因，片仔癀在2020年1月发布公告称，鉴于主要原料及人工成本上涨等原因，公司决定自公告之日起，主导产品片仔癀锭剂国内市场零售价格从530元/粒上调到590元/粒，供应价格相应上调约40元/粒。\n然而，根据西南证券2021年2月7日发表的研报，目前片仔癀推进人工养麝，以弥补稀缺原料供给不足，陕西养殖基地养麝超1万头，推测年产超100公斤，麝香和牛黄均可满足3年的产能扩张。\n换言之，原材料的所谓稀缺是暂时的，并不支撑片仔癀的炒作。\n有黄牛炒作吗？\n4月底就有网友透露，片仔癀从2021年5月开始，正式进入限购政策，历史上最严限购令，当月凭个人身份证号码和处方，体验馆购买，一人一个月限购2粒，满足当月使用的用量，保证长期用药的客户不会断药。\n目前，多地片仔癀线下门店实行限购。需要留下电话号码和身份证号预约，甚至有线下门店要求消费者“搭配”购买，即想要买到片仔癀，还要购买其他的高价药品。\n分析师朱丹蓬表示， 片仔癀突然的紧俏，与炒作不无关系。在南方尤其是东南沿海地区，一些消费者认为片仔癀具有保健功效，而且常年价格居高不下，也因此让其有了一些礼品属性。\n一些投机者抢购片仔癀坐等涨价，再抛售之后赚取中间暴利。\n有上海的片仔癀线下门店告诉媒体，“这个药之前并没有很多人购买，两三个月前，突然有黄牛开始大批购买，店铺无奈开始限购，只对会员老顾客开放。”\n药品在与资本市场联动炒作吗？\n川财证券透露，或有游资参与片仔癀炒作。\n川财证券策略研究团队认为，突如其来的供需失衡背后难免存在有人恶意囤货，恶意炒作，甚至借机在证券市场上牟利。\n事实上，这样的炒作套路并不新鲜。今年6月，有微博认证为某资管公司总经理的用户透露，“某白酒企业邀请经销商每次进酒的时候，进等价的股票。最后股价翻了一倍，等于经销商零成本拿酒，酒还可以放好几年，慢慢卖都行。”\n2、公募基金踏空了片仔癀？\n与2020年，公募机构联手推高贵州茅台、五粮液等白酒龙头不同，这一次，吊诡的是，公募基金们可能完美踏空了“药中茅台”片仔癀。\nWind数据显示，2020年四季度末，持有片仔癀股数超过10万股的公募基金共有25家：共持有约2678.24万股，约占A股流通比例4.44%。其中不乏“顶流基金经理”葛兰、刘格菘、曲阳等人的身影。\n然而，在经历了春节之后白马股的大幅震荡之后，一季度的公开数据显示，前25家机构持股数量锐减为1002.12万股，减仓幅度超过六成，只占A股流通比例的1.65%。\n2020年底，共计有101家机构投资者持股，今年一季度末，机构投资者锐减至41家。\n2021年季度，片仔癀亦经历了股价调整，其中，2月18日至3月9日，股价从404元跌至239元，接近腰斩。\n从公开数据看，大部分公募基金在2021年1季度的调整中卖出了片仔癀。\n不过，片仔癀股价的主要上涨是在2021年2季度，在这个过程中，公募基金有没有“吃回头草”又加仓片仔癀呢？目前公募基金和上市公司的中报都尚未出炉，我们不得而知。\n2021年1季度，少数公募基金选择了坚守甚至加仓，汇添富价值精选A一股未卖继续持有150万股，而被业内称为“医药女神”的中欧葛兰则逆势大举增仓，去年四季度末还仅持有片仔癀27.28万股，而一季度末披露时已持221.49万股，足足增仓接近10倍之多，显示其对公司的强烈看好。与葛兰相同在一季度进行增仓的，还有新进的广发医疗保健（118.72万股）和社保一零一组合（104.13万股），而银华富裕主题在一季度也增仓119.98万股至274.98万股，位列第六大股东。\n3、林园是片仔癀背后的男人吗？\n2018年半年报中，私募大佬林园旗下的私募基金以0.64%的持股比例出现在了片仔癀十大股东中。截至2020年6月末，其旗下3只私募基金合计持有片仔癀股票883.7万股。\n不过，2020年第三季度传出“林园减持片仔癀”的新闻，截至2021年第一季度，林园的三支私募基金已不在十大股东之列。\n2021年6月9日，林园派了代表参加片仔癀股东大会，会上表示，“从2005年起投资片仔癀股票，至今一股未卖。”此前林园曾称，只是将持仓进行了拆分。\n林园还给片仔癀送上热情洋溢的感谢信，感谢信依然是表达强烈看好：\n“林园及林园投投资，从2005年买入片仔癀至今一股未卖。尤其在贸易战我国新冠疫情，包括今年一直在大力投入，坚持长期主义，坚定看好中医药行业，看多中国，相信国运，相信片仔癀是一家伟大的公司。相信卓越优秀的管理层。也祝愿公司在潘总的带领下。勇攀高峰成为中国的名片，成为世界的奢侈品牌！”\n此前，2018年4月21日，林园在投资报告会上甚至宣称片仔癀可以“起死回生”。\n“最近我选了一个片仔癀。也是一个药的企业，这是福建的。在漳州有两宝，一个是水仙，还有一个是片仔癀。福建人死了以后，当地人也要把这个药放进去，试试能不能活过来。”\n对于这次片仔癀的“爆炒”，林园更是公开表示“他们最终要卖到两瓶茅台的价格。”\n4、、片仔癀的涨价可否持续？\n片仔癀真的能“卖到两瓶茅台的价格吗”？\n2021年6月9日，片仔癀股东大会上，公司表示，对待涨价问题，向来都比较小心谨慎，不追求过度利润。不赞同大家拿片仔癀跟茅台的价格进行对比。茅台是粮食产品，属于食品；片仔癀是药品，药品的定价和涨价问题，要更加谨慎，更加考虑社会责任，无法马上随行就市。\n事实上，片仔癀作为药品，始终要面临医药价格管制。在医药集采的大趋势下，任何“神药”都不可能卖到天价。\n6月25日，片仔癀在互动平台回应近期其片仔癀锭剂“一粒难求”的现象，称目前公司生产经营均属于正常状态，针对近期市场情况，公司采取三方面措施，坚决维护市场秩序。\n虽然股价一飞冲天，但是，从近几年财报数据看，片仔癀在2017年的营收增速最快，达到了60.85%，但随后营收增速便开始逐年下降，到2020年下降至近五年最低点，仅有13.78%。\n不过，片仔癀的净利润始终保持较高的水平。2020年提价之后，营收增速下降至5年内最低，然时净利润增速与2019年相比，只差了1个百分点。\n事实上，片仔癀的研发费用占比很低。公司 2018 年至 2020 年研发费用分别为 1 亿元、1.19 亿元、9755 万元，占营业收入比例分别为 2.12%、2.09%、1.5%。\n片仔癀是一门“独家生意”。片仔癀与云南白药，是唯二两个国家一级中药保护品种。国家机密级别的配方药材。因此，片仔癀或许没有太强的研发动力，不试错并不会犯错。有现成可借鉴的最稳妥。","news_type":1,"symbols_score_info":{"600436":0.9}},"isVote":1,"tweetType":1,"viewCount":1775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122768697,"gmtCreate":1624633690919,"gmtModify":1703842391624,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122768697","repostId":"1119275851","repostType":4,"repost":{"id":"1119275851","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624615380,"share":"https://ttm.financial/m/news/1119275851?lang=en_US&edition=fundamental","pubTime":"2021-06-25 18:03","market":"hk","language":"zh","title":"Geely Automobile withdraws application for listing on the Science and Technology Innovation Board","url":"https://stock-news.laohu8.com/highlight/detail?id=1119275851","media":"老虎资讯综合","summary":"吉利汽车6月25日公告，旗下合资公司极氪智能科技控股有限公司董事会已决议为极氪智能科技可持续发展探索不同的外部融资方案。此外，因公司经营决策和战略调整，经公司董事会于2021年6月25日审议通过，决定","content":"<p>Geely Automobile announced on June 25 that the board of directors of its joint venture company Zeekr Intelligent Technology Holding Limited has decided to explore different external financing options for the sustainable development of Jikrypton Intelligent Technology. In addition, due to the company's business decisions and strategic adjustments, the company's board of directors reviewed and approved on June 25, 2021, and decided to withdraw the application for initial public offering of shares and listing on the Science and Technology Innovation Board.<img src=\"https://static.tigerbbs.com/8c4432da17aee14f9b81332daffd165a\" tg-width=\"831\" tg-height=\"730\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Geely Automobile withdraws application for listing on the Science and Technology Innovation Board</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeely Automobile withdraws application for listing on the Science and Technology Innovation Board\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-25 18:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Geely Automobile announced on June 25 that the board of directors of its joint venture company Zeekr Intelligent Technology Holding Limited has decided to explore different external financing options for the sustainable development of Jikrypton Intelligent Technology. In addition, due to the company's business decisions and strategic adjustments, the company's board of directors reviewed and approved on June 25, 2021, and decided to withdraw the application for initial public offering of shares and listing on the Science and Technology Innovation Board.<img src=\"https://static.tigerbbs.com/8c4432da17aee14f9b81332daffd165a\" tg-width=\"831\" tg-height=\"730\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5a4a0d90587b4a1f8e70e6ef9eb66019","relate_stocks":{"00175":"吉利汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119275851","content_text":"吉利汽车6月25日公告，旗下合资公司极氪智能科技控股有限公司董事会已决议为极氪智能科技可持续发展探索不同的外部融资方案。此外，因公司经营决策和战略调整，经公司董事会于2021年6月25日审议通过，决定撤回首次公开发行股票并在科创板上市的申请。","news_type":1,"symbols_score_info":{"00175":0.9}},"isVote":1,"tweetType":1,"viewCount":1895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126975775,"gmtCreate":1624543410697,"gmtModify":1703839902823,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126975775","repostId":"1144044065","repostType":4,"repost":{"id":"1144044065","kind":"news","pubTimestamp":1624532990,"share":"https://ttm.financial/m/news/1144044065?lang=en_US&edition=fundamental","pubTime":"2021-06-24 19:09","market":"hk","language":"zh","title":"China Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period, and it is difficult to return to normal in the short term","url":"https://stock-news.laohu8.com/highlight/detail?id=1144044065","media":"新浪财经","summary":"这次疫情至少是自第二次世界大战以来对全球经济、人类社会最大的一次冲击。","content":"<p>The 2021 Caixin Summer Summit was held in Beijing from June 23 to 25, 2021. Yu Xuejun, leader of the China Banking and Insurance Regulatory Commission, attended and delivered a speech.</p><p>Yu Xuejun said that the global economy is in a sensitive period of evolution and change, and it is difficult to return to normal in the short term.</p><p>He explained that, first of all, the complexity and sensitivity faced by the global economy this year were formed by the global outbreak and spread of the novel coronavirus pneumonia epidemic last year. \"This impact is too great.\" He quoted the United Nations report as saying that this is \"the worst contraction of the global economy since the Great Depression in 1930s, and the degree of contraction is 2.5 times that of the international financial crisis in 2009\". He added,</p><p>\"From our memory, this epidemic is at least the biggest impact on the global economy and human society since the Second World War.\" Last year, the global economy declined by 4.4% as a whole. Due to the good control of the epidemic situation in China, and the strong and effective resumption of work and production, China became the only country among the top ten economies in the world to achieve positive growth, with an annual economic growth of 2.3%. Yu Xuejun said,</p><p>\"This (growth) of 2.3% is very famous now. We watch TV and newspapers, including some foreign scholars, and they often mention 2.3%.\" Secondly, due to the rare impact of COVID-19 pandemic on the global economy, governments of all countries have generally implemented ultra-loose stimulating economic policies. From a historical comparison, these policies are unprecedented in strength, and they have played an important role in stabilizing the economy and maintaining social order in all countries, but at the same time, these ultra-loose policies have also brought many problems.</p><p>Third, the changes and influences of global geopolitics.</p><p>Yu Xuejun said that the key link in controlling the epidemic lies in the research and development and vaccination of vaccines. All countries hope to accomplish all their efforts in one battle. Now, the progress is rapid, far exceeding people's previous expectations. How it changes in the future depends on two factors. First, the effectiveness of the vaccine, including its validity period, has yet to be tested by time.</p><p>The second is the speed and complexity of Novel Coronavirus variation. \"In the past, we used to say a saying when doing banking supervision, 'Supervision is a race against risks'. Today, we borrow this saying, and we think that fighting against COVID-19 pandemic is actually a race against Novel Coronavirus's mutation.\" He said, on the whole, the situation of mankind's fight against COVID-19 pandemic has become bright, and now it generally seems to be dominated by optimism, and I believe that the negative impact on the economy will gradually weaken.</p><p>Talking about where the ultra-loose stimulus policy will go, Yu Xuejun analyzed the situation in the United States.</p><p>During the Trump administration last year, after novel coronavirus pneumonia was widely contagious in the United States, the Federal Reserve lowered the Federal Reserve interest rate from 1.5%-1.75% to 0% to 0.25% in mid-March, the so-called \"zero interest rate\". At the end of the year, the Federal Reserve stepped up its QE policy, increasing its bond purchases to US $120 billion per month starting from December.</p><p>After President Biden took office, he further increased fiscal stimulus policies, the most representative of which is the US $1.9 trillion COVID-19 relief bill passed in April this year. In addition, he also proposed a revival plan for infrastructure investment. At the beginning, the scale was 2.25 trillion, which has been reduced recently and is estimated to be about 1 trillion US dollars.</p><p>Since last year, the Federal Reserve has implemented an ultra-loose monetary policy, which has greatly increased its balance sheet, which has increased sharply from about 4 trillion US dollars at the initial stage to 7.5 trillion US dollars at the end of the year, and reached about 8 trillion US dollars latest. This has caused the global dollar liquidity to continue to expand, and caused the prices of primary commodities to rise sharply, including the rare price increase of food, which has led to global concerns about inflation.</p><p>Yu Xuejun believes that with the improvement of the anti-epidemic situation in the United States, the U.S. economy has rebounded strongly under the cumulative effect of ultra-loose monetary stimulus policies. According to the latest OECD medium-term economic outlook, the U.S. economy will grow by 6.9% this year, 0.4 percentage points higher than the previous forecast.</p><p>In response to these new changes, the Federal Reserve has begun to release hawkish signals at its latest interest rate meeting in June, and the market expects the Federal Reserve's rate hike to be advanced by one year to the second half of 2022. In addition, inflation expectations have also been significantly raised. It is expected that the PCE and personal consumption expenditure price index in the United States will rise to 3.4% in 2021, an increase of 1 percentage point from the March forecast. Yu Xuejun said,</p><p>\"We are in such a window period when macro-control policies may be adjusted and changed at any time, so the market performance is extremely sensitive. A piece of information and a wording from the Federal Reserve may cause huge fluctuations in the market. Now grain, iron ore, oil, gold, and exchange rates rise and fall almost every day, with different changes and no consistent direction. We are in such a sensitive period.\" Why is it difficult to return to short-term normality? He gave two reasons:</p><p>First, the impact of COVID-19 pandemic is too great, and the epidemic control is still unpredictable. In addition, after the epidemic is controlled, its significant impact on human society, especially its impact on economic activities, also needs time to be evaluated.</p><p>Second, the ultra-loose stimulus policies of various countries have had a significant impact. The withdrawal of these policies requires a long process, and it is difficult to recover. In particular, the base money put out by the Federal Reserve is difficult to recover in the short term, and it may become a piece of history forever. preserve.</p><p>\"After the financial crisis in the United States in 2008, the Federal Reserve implemented quantitative easing's monetary policy. Before that, the balance sheet of the Federal Reserve was less than 900 billion US dollars. Later, it increased to a maximum of 4.5 trillion US dollars, and now it has increased to 8 trillion US dollars. Calculated in this way,<b>Ultimately, the Fed's balance sheet is expected to be more than 10 times higher than before the 2008 financial crisis</b>, these large amounts of US dollar liquidity have been invested around the world, which has a huge impact on the global economic and financial markets, especially the next impact on inflation. I think it will be difficult to eliminate in the short term and accurately assess it. \"</p>","source":"XLCJ","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period, and it is difficult to return to normal in the short term</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period, and it is difficult to return to normal in the short term\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-06-24 19:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The 2021 Caixin Summer Summit was held in Beijing from June 23 to 25, 2021. Yu Xuejun, leader of the China Banking and Insurance Regulatory Commission, attended and delivered a speech.</p><p>Yu Xuejun said that the global economy is in a sensitive period of evolution and change, and it is difficult to return to normal in the short term.</p><p>He explained that, first of all, the complexity and sensitivity faced by the global economy this year were formed by the global outbreak and spread of the novel coronavirus pneumonia epidemic last year. \"This impact is too great.\" He quoted the United Nations report as saying that this is \"the worst contraction of the global economy since the Great Depression in 1930s, and the degree of contraction is 2.5 times that of the international financial crisis in 2009\". He added,</p><p>\"From our memory, this epidemic is at least the biggest impact on the global economy and human society since the Second World War.\" Last year, the global economy declined by 4.4% as a whole. Due to the good control of the epidemic situation in China, and the strong and effective resumption of work and production, China became the only country among the top ten economies in the world to achieve positive growth, with an annual economic growth of 2.3%. Yu Xuejun said,</p><p>\"This (growth) of 2.3% is very famous now. We watch TV and newspapers, including some foreign scholars, and they often mention 2.3%.\" Secondly, due to the rare impact of COVID-19 pandemic on the global economy, governments of all countries have generally implemented ultra-loose stimulating economic policies. From a historical comparison, these policies are unprecedented in strength, and they have played an important role in stabilizing the economy and maintaining social order in all countries, but at the same time, these ultra-loose policies have also brought many problems.</p><p>Third, the changes and influences of global geopolitics.</p><p>Yu Xuejun said that the key link in controlling the epidemic lies in the research and development and vaccination of vaccines. All countries hope to accomplish all their efforts in one battle. Now, the progress is rapid, far exceeding people's previous expectations. How it changes in the future depends on two factors. First, the effectiveness of the vaccine, including its validity period, has yet to be tested by time.</p><p>The second is the speed and complexity of Novel Coronavirus variation. \"In the past, we used to say a saying when doing banking supervision, 'Supervision is a race against risks'. Today, we borrow this saying, and we think that fighting against COVID-19 pandemic is actually a race against Novel Coronavirus's mutation.\" He said, on the whole, the situation of mankind's fight against COVID-19 pandemic has become bright, and now it generally seems to be dominated by optimism, and I believe that the negative impact on the economy will gradually weaken.</p><p>Talking about where the ultra-loose stimulus policy will go, Yu Xuejun analyzed the situation in the United States.</p><p>During the Trump administration last year, after novel coronavirus pneumonia was widely contagious in the United States, the Federal Reserve lowered the Federal Reserve interest rate from 1.5%-1.75% to 0% to 0.25% in mid-March, the so-called \"zero interest rate\". At the end of the year, the Federal Reserve stepped up its QE policy, increasing its bond purchases to US $120 billion per month starting from December.</p><p>After President Biden took office, he further increased fiscal stimulus policies, the most representative of which is the US $1.9 trillion COVID-19 relief bill passed in April this year. In addition, he also proposed a revival plan for infrastructure investment. At the beginning, the scale was 2.25 trillion, which has been reduced recently and is estimated to be about 1 trillion US dollars.</p><p>Since last year, the Federal Reserve has implemented an ultra-loose monetary policy, which has greatly increased its balance sheet, which has increased sharply from about 4 trillion US dollars at the initial stage to 7.5 trillion US dollars at the end of the year, and reached about 8 trillion US dollars latest. This has caused the global dollar liquidity to continue to expand, and caused the prices of primary commodities to rise sharply, including the rare price increase of food, which has led to global concerns about inflation.</p><p>Yu Xuejun believes that with the improvement of the anti-epidemic situation in the United States, the U.S. economy has rebounded strongly under the cumulative effect of ultra-loose monetary stimulus policies. According to the latest OECD medium-term economic outlook, the U.S. economy will grow by 6.9% this year, 0.4 percentage points higher than the previous forecast.</p><p>In response to these new changes, the Federal Reserve has begun to release hawkish signals at its latest interest rate meeting in June, and the market expects the Federal Reserve's rate hike to be advanced by one year to the second half of 2022. In addition, inflation expectations have also been significantly raised. It is expected that the PCE and personal consumption expenditure price index in the United States will rise to 3.4% in 2021, an increase of 1 percentage point from the March forecast. Yu Xuejun said,</p><p>\"We are in such a window period when macro-control policies may be adjusted and changed at any time, so the market performance is extremely sensitive. A piece of information and a wording from the Federal Reserve may cause huge fluctuations in the market. Now grain, iron ore, oil, gold, and exchange rates rise and fall almost every day, with different changes and no consistent direction. We are in such a sensitive period.\" Why is it difficult to return to short-term normality? He gave two reasons:</p><p>First, the impact of COVID-19 pandemic is too great, and the epidemic control is still unpredictable. In addition, after the epidemic is controlled, its significant impact on human society, especially its impact on economic activities, also needs time to be evaluated.</p><p>Second, the ultra-loose stimulus policies of various countries have had a significant impact. The withdrawal of these policies requires a long process, and it is difficult to recover. In particular, the base money put out by the Federal Reserve is difficult to recover in the short term, and it may become a piece of history forever. preserve.</p><p>\"After the financial crisis in the United States in 2008, the Federal Reserve implemented quantitative easing's monetary policy. Before that, the balance sheet of the Federal Reserve was less than 900 billion US dollars. Later, it increased to a maximum of 4.5 trillion US dollars, and now it has increased to 8 trillion US dollars. Calculated in this way,<b>Ultimately, the Fed's balance sheet is expected to be more than 10 times higher than before the 2008 financial crisis</b>, these large amounts of US dollar liquidity have been invested around the world, which has a huge impact on the global economic and financial markets, especially the next impact on inflation. I think it will be difficult to eliminate in the short term and accurately assess it. \"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.cn/hy/2021-06-24/detail-ikqciyzk1510511.d.html?from=wap\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f0777ffe79222b2a04c15407e205bed9","relate_stocks":{"000001.SH":"上证指数",".DJI":"道琼斯"},"source_url":"https://finance.sina.cn/hy/2021-06-24/detail-ikqciyzk1510511.d.html?from=wap","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144044065","content_text":"2021财新夏季峰会于2021年6月23-25日在北京举办，中国银行保险监督管理委员会领导于学军出席并演讲。\n于学军表示，全球经济正处于演进变化的敏感时期，短期内难以回归常态。\n他解释称，首先，今年全球经济面临的复杂性和敏感性是受去年新冠肺炎疫情在全球的暴发、蔓延而形成的，“这个冲击太大了”。他引用联合国报告称这“是自上世纪30年代经济大萧条以来，全球经济最严重的收缩，收缩的程度是2009年国际金融危机的2.5倍”。他又说道，\n\n “从我们的记忆来说，这次疫情至少是自第二次世界大战以来对全球经济、人类社会最大的一次冲击。”\n\n去年全球经济总体下降4.4%，由于中国疫情控制得好，并且防疫和经济工作两手抓，复工复产有力有效，成为了全球前十大经济体中唯一实现正增长的国家，全年经济增长2.3%。于学军说，\n\n “这个（增长）2.3%，现在非常有名，我们看电视、报纸，包括国外的一些学者，他们也经常提起来2.3%。”\n\n第二，由于新冠疫情对全球经济形成的罕见冲击，所以各国政府普遍实行了超宽松的刺激性经济政策，历史比较来看，这些政策力度是空前的，在各国稳定经济和维护社会秩序等方面均发挥了重要作用，但与此同时这些超宽松的政策也带来许多问题。\n第三，全球地缘政治的变化和影响。\n于学军表示，控制疫情的关键环节在于疫苗的研发和接种，各国都希望可以毕其功于一役，现在看进展很快，远超出人们之前的预期。未来如何变化取决于两个因素，一是疫苗的有效性，包括有效期，尚有待时间检验。\n二是新冠病毒变异的速度和复杂性。“过去我们做银行监管常说的一句话，叫做‘监管就是与风险赛跑’，今天我们把这句话借用过来，我们认为抗击新冠疫情实际上也是与新冠病毒的变异赛跑”，他说，总体来看人类抗击新冠疫情的形势已现光明，现在普遍看起来是乐观情绪主导，相信对经济的负面影响也会逐步减弱。\n谈及超宽松的刺激性政策何去何从，于学军分析了美国的情况。\n去年在特朗普执政时期，新冠肺炎在美国大面积传染之后，美联储在3月中旬一次性将联邦储备利率由1.5%-1.75%调低为0%到0.25%，即所谓的“零利率”。年末美联储又加大QE政策，从12月起将其购债规模每月增加到1200亿美元。\n拜登总统上任之后，进一步加大财政的刺激性政策，最具代表性的就是于今年4月通过的1.9万亿美元的新冠纾困法案。另外，他还提出基建投资的复兴计划。开始拟定的是2.25万亿规模，最近有所压缩，预计约1万亿美元。\n去年开始美联储实行超宽松的货币政策，使其资产负债表大幅增加，已从初期的约4万亿美元陡增至年末的7.5万亿美元，最新大概达到8万亿美元。这使全球的美元流动性不断膨胀，并造成大宗初级商品的价格大幅上涨，包括粮食也出现罕见的涨价现象，全球对通胀的担忧由此产生。\n于学军认为，随着美国抗疫形势出现好转，在货币超宽松刺激政策累加的作用之下，美国经济出现强势反弹，最新据经合组织OECD中期经济展望预测，今年美国经济将增长6.9%，比之前的预测调高了0.4个百分点。\n针对这些新变化，美联储在6月最新的议息会议上已开始释放鹰派信号，市场预计美联储加息或提前一年至2022年下半年。另外通货膨胀预期也被大幅上调，预计2021年美国的PCE及个人消费支出价格指数将升到3.4%，较3月的预测值上调1个百分点。于学军称，\n\n “我们处于这样一个宏观调控政策有可能随时发生调整变化的窗口期，所以市场表现极为敏感，一个信息、美联储的一句措词都有可能引起市场的巨大波动。现在粮食、铁矿石、石油、黄金、汇率几乎每天都出现上涨、下跌，有不同的变化，没有一致的方向，处在这样的一个敏感期。”\n\n为什么短期常态难回归呢？他给出两个原因：\n一是新冠疫情的冲击太大，现在疫情控制仍然难以预料。另外，疫情控制之后其对人类社会产生的重大影响，尤其是对经济活动的影响，也需要一个时间进行评估。\n二是各国超宽松的刺激性政策形成了重大影响，这些政策的退出需要一个较长的过程，并且覆水难收，尤其是美联储投放出去的基础货币很难在短期收回，也许会成为一段历史永远保留下去。\n\n “2008年美国发生金融危机之后，美联储就实行了量化宽松的货币政策，这个之前美联储的资产负债表不到9000亿美元，后来最高增加到了4.5万亿美元，现在又增加到8万亿美元。这样计算下来，\n 预计最终美联储的资产负债表将比2008年金融危机之前提高10倍以上，这些大量的美元流动性投入到世界各地，对全球经济金融市场形成巨大影响，尤其是下一步对通货膨胀的影响，我认为短期内难以消除，也难以准确评估。”","news_type":1,"symbols_score_info":{".DJI":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126975929,"gmtCreate":1624543393761,"gmtModify":1703839901676,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126975929","repostId":"1121154040","repostType":4,"repost":{"id":"1121154040","kind":"news","pubTimestamp":1624539354,"share":"https://ttm.financial/m/news/1121154040?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:55","market":"us","language":"zh","title":"The Big Reveal: Windows 11 Strikes Tonight! What updates can we see","url":"https://stock-news.laohu8.com/highlight/detail?id=1121154040","media":"腾讯科技","summary":"被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。","content":"<p>At 11 pm on June 24th, Beijing time,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch conference will be held, which Microsoft CEO Nadella called the \"most important update\" of Windows in ten years.</p><p>Although Microsoft has not confirmed the upcoming new products on any public occasion, the major leak of the Windows 11 development version on June 16th made this matter less mysterious. Windows 11 will be the protagonist of tonight's press conference, and the most important update of Windows in the decade in Microsoft's mouth has been fully shown to us before the press conference.</p><p>But regarding this press conference, it can't be said that there is nothing to watch at all, and there are some details worthy of our attention.</p><p><b>How can Windows 11 improve touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people find that compared with the previous Windows 10, this so-called \"big version\" has made some design adjustments on the interface to make it more in line with Microsoft's Fluent Design design language, and there are no very obvious functional improvements.</p><p>Some users even gave it a Windows 10 skin positioning after experiencing the Windows 11 development version.</p><p>To a certain extent, Windows 11 is indeed not as good as when switching from Win8 to Win10 before, with huge design improvements. But in fact, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which has been cut off by Microsoft.</p><p>Including \"Start menu centering, same-screen multitasking layout\" and other functions that appear on the Windows 11 development version, they are all standard features of Windows 10X.</p><p>So the current leaked Windows 11 is more like an iterative version of the previous Windows 10X. However, since 10X is a product made by Microsoft for touch dual screens, what features Windows 11 will add to the system to support touch operations will become an important highlight at tonight's press conference.</p><p>Microsoft has confirmed that it is planning to \"innovate and develop exciting sensor technologies\" for future Windows versions. Popular features such as \"user presence detection\", gesture detection, and ambient light will be improved as part of Windows 11 or an upcoming Windows update to \"enable a dazzling user experience on Windows\".</p><p>This means that Microsoft hopes to achieve the integration of desktop and mobile terminals through the new Windows 11. Although Microsoft's current mobile phone project is basically in a semi-abandoned state, Surface still needs touch operation to achieve an excellent experience in more usage scenarios. Therefore, Windows 11's improvements in touch and gestures are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although the presence of MacOS's App Store is not strong, in comparison, the App Store currently provided by Windows 10 is more tasteless.</p><p>However, this matter may be greatly improved on Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand-new app store, which is more inclusive and free. Microsoft plans to introduce more developers into the new app store, such as apps like Chorme or Firefox, which can be downloaded from the Microsoft app store in the future.</p><p>Another major improvement will be the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and implement in-App payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this happens at tonight's press conference, after all, Microsoft is now uniting with Epic to boycott<a href=\"https://laohu8.com/S/AAPL\">Apple</a>App Store's high \"Apple tax\". This move may affect the reshuffle of the charging methods of application services by big companies such as Microsoft, Apple and Google in the next few years.</p><p>Microsoft also recently announced that it will reduce the purchase commission of games on its own App Store from the previous 30% to 12%. This substantial discount has put pressure on app stores like Steam.</p><p><b>Windows 11 will focus on improving the experience of professional users?</b></p><p>As the largest desktop operating system in the world, Windows's professional ability has been ignored by many people. In this Windows 11 development version, we actually saw Microsoft's optimization and improvement for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display mode of switching between multiple desktops, and at the same time, the support for multiple monitors is even better, which to a certain extent solves the problems accumulated by high-end users in multitasking for many years.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>At the same time, Windows 11 has also focused on improving the experience of game users. On this brand new set of operating systems, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social portion of the Xbox network, and the Xbox Store.</p><p>At the same time, Windows 11 has also been tested on XBox. We also hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display function, or faster game loading speed, etc., to improve the PC gaming experience at one time.</p><p><b>Free Upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we would most like to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 10 from Windows 7/8, it adopted a free upgrade method, and all users can upgrade the corresponding Win10 version. We hope that the free thing will still appear on Windows 11.</p><p>The market has successfully told Microsoft that it is meaningless to collect money from users to upgrade the system. As an operating system development company, Microsoft's software revenue needs to come from OEM licenses and commercial licenses. Therefore, it is very likely that Win11 will still adopt the previous free upgrade method of Win10.</p><p>Although Microsoft Windows 11 has stolen away, in fact, Microsoft has left us a lot of suspense. At 23:00 on June 24th, Beijing time, when Microsoft officially holds a new product launch conference, these answers may be revealed.</p>","source":"lsy1580517846866","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Big Reveal: Windows 11 Strikes Tonight! What updates can we see</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Big Reveal: Windows 11 Strikes Tonight! What updates can we see\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-24 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At 11 pm on June 24th, Beijing time,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch conference will be held, which Microsoft CEO Nadella called the \"most important update\" of Windows in ten years.</p><p>Although Microsoft has not confirmed the upcoming new products on any public occasion, the major leak of the Windows 11 development version on June 16th made this matter less mysterious. Windows 11 will be the protagonist of tonight's press conference, and the most important update of Windows in the decade in Microsoft's mouth has been fully shown to us before the press conference.</p><p>But regarding this press conference, it can't be said that there is nothing to watch at all, and there are some details worthy of our attention.</p><p><b>How can Windows 11 improve touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people find that compared with the previous Windows 10, this so-called \"big version\" has made some design adjustments on the interface to make it more in line with Microsoft's Fluent Design design language, and there are no very obvious functional improvements.</p><p>Some users even gave it a Windows 10 skin positioning after experiencing the Windows 11 development version.</p><p>To a certain extent, Windows 11 is indeed not as good as when switching from Win8 to Win10 before, with huge design improvements. But in fact, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which has been cut off by Microsoft.</p><p>Including \"Start menu centering, same-screen multitasking layout\" and other functions that appear on the Windows 11 development version, they are all standard features of Windows 10X.</p><p>So the current leaked Windows 11 is more like an iterative version of the previous Windows 10X. However, since 10X is a product made by Microsoft for touch dual screens, what features Windows 11 will add to the system to support touch operations will become an important highlight at tonight's press conference.</p><p>Microsoft has confirmed that it is planning to \"innovate and develop exciting sensor technologies\" for future Windows versions. Popular features such as \"user presence detection\", gesture detection, and ambient light will be improved as part of Windows 11 or an upcoming Windows update to \"enable a dazzling user experience on Windows\".</p><p>This means that Microsoft hopes to achieve the integration of desktop and mobile terminals through the new Windows 11. Although Microsoft's current mobile phone project is basically in a semi-abandoned state, Surface still needs touch operation to achieve an excellent experience in more usage scenarios. Therefore, Windows 11's improvements in touch and gestures are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although the presence of MacOS's App Store is not strong, in comparison, the App Store currently provided by Windows 10 is more tasteless.</p><p>However, this matter may be greatly improved on Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand-new app store, which is more inclusive and free. Microsoft plans to introduce more developers into the new app store, such as apps like Chorme or Firefox, which can be downloaded from the Microsoft app store in the future.</p><p>Another major improvement will be the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and implement in-App payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this happens at tonight's press conference, after all, Microsoft is now uniting with Epic to boycott<a href=\"https://laohu8.com/S/AAPL\">Apple</a>App Store's high \"Apple tax\". This move may affect the reshuffle of the charging methods of application services by big companies such as Microsoft, Apple and Google in the next few years.</p><p>Microsoft also recently announced that it will reduce the purchase commission of games on its own App Store from the previous 30% to 12%. This substantial discount has put pressure on app stores like Steam.</p><p><b>Windows 11 will focus on improving the experience of professional users?</b></p><p>As the largest desktop operating system in the world, Windows's professional ability has been ignored by many people. In this Windows 11 development version, we actually saw Microsoft's optimization and improvement for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display mode of switching between multiple desktops, and at the same time, the support for multiple monitors is even better, which to a certain extent solves the problems accumulated by high-end users in multitasking for many years.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>At the same time, Windows 11 has also focused on improving the experience of game users. On this brand new set of operating systems, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social portion of the Xbox network, and the Xbox Store.</p><p>At the same time, Windows 11 has also been tested on XBox. We also hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display function, or faster game loading speed, etc., to improve the PC gaming experience at one time.</p><p><b>Free Upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we would most like to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 10 from Windows 7/8, it adopted a free upgrade method, and all users can upgrade the corresponding Win10 version. We hope that the free thing will still appear on Windows 11.</p><p>The market has successfully told Microsoft that it is meaningless to collect money from users to upgrade the system. As an operating system development company, Microsoft's software revenue needs to come from OEM licenses and commercial licenses. Therefore, it is very likely that Win11 will still adopt the previous free upgrade method of Win10.</p><p>Although Microsoft Windows 11 has stolen away, in fact, Microsoft has left us a lot of suspense. At 23:00 on June 24th, Beijing time, when Microsoft officially holds a new product launch conference, these answers may be revealed.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a04bf2da8ab76e823e11aa8e2f8fa5a2","relate_stocks":{"MSFT":"微软"},"source_url":"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121154040","content_text":"北京时间6月24日晚11点，微软将召开一场新品发布会，被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。\n尽管微软并没有在任何的公开场合确认过即将发布的新品，但因为6月16日Windows 11开发版本的重大泄露，让这件事变得没有那么神秘了。Windows 11将会成为今晚发布会的主角，而微软口中Windows十年最重要的更新，也已经在发布会之前就全方位的展示给我们了。\n但关于这场发布会，也不能说完全没有看点，其中还有一些细节值得我们关注。\nWindows 11在触摸和手势上能有何改善？\n\n很多人在体验过Windows 11的开发版本之后，发现这个所谓的“大版本”和之前的Windows 10相比，除了在界面上进行了一些设计调整，让它更贴合微软Fluent Design设计语言外，并让没有非常明显的功能性改进。\n甚至有的用户在体验完Windows 11开发版之后，给它了一个Windows 10皮肤的定位。\n从一定程度上讲，Windows 11确实不如之前从Win8转Win10时，设计改进巨大。但实际上如果你了解之前微软在Windows上的设计演进外，你会发现当下这个版本Windows 11实际上和已经被微软砍掉的Windows 10X有着极为相似的设计。\n包括“开始菜单居中、同屏多任务布局”等等在Windows 11开发版上出现的功能，原来都是Windows 10X的标配。\n所以目前泄露的Windows 11，更像是之前Windows 10X的迭代版本。但由于10X是微软为触摸双屏幕打造的产品，因此Windows 11将会在系统上增加哪些支持触摸操作的特性，将会成为今晚发布会上重要的看点。\n微软方面已经确认，正计划为未来的Windows版本 “创新和开发令人兴奋的传感器技术”。作为Windows 11或即将到来的Windows更新的一部分，“用户存在检测”、手势检测和环境光等流行功能将得到改进，以 “实现Windows上令人眼花缭乱的用户体验”。\n这意味着微软希望通过新的Windows 11来实现桌面和移动端的融合，尽管微软目前的手机项目基本上处于半放弃状态，但Surface依然需要触摸操作来实现在更多使用场景下的出色体验，因此Windows 11在触摸和手势上的改进，非常重要。\n全新的Windows App Store？\n\n尽管MacOS的App Store存在感也不强，但是相比之下，Windows 10目前提供的应用商店显得更加鸡肋。\n不过这件事可能会在今晚到来的Windows 11上大为改善。\n据媒体报道，微软一直在开发一个全新的应用商店，它更加的海纳百川也更加的自由。微软计划在新的应用商店中引入更多的开发者，比如Chorme或者Firefox这样的应用，未来都可以在微软应用商店进行下载。\n另外一个重大的改进，将会是支付机制上。微软或许将在新的应用商店中允许开发者绕过微软的支付机制，通过第三方的支付机制实现App内付款，以换得减免15%的微软抽成。\n如果这件事在今天晚上的发布会上成真，请别惊讶，毕竟微软现在正和Epic统一战线，以抵制苹果App Store高昂的“苹果税”。此举可能会影响到未来几年内，微软、苹果、Google这样的大公司，在应用服务上的收费方式重新洗牌。\n微软最近也宣布了将自家App Store中上架游戏的购买抽成从之前的30%降到12%，这大幅的优惠，让Steam这样的应用商店倍感压力。\nWindows 11将重点提升专业用户的使用感受？\nWindows作为全球最大的桌面操作系统，其专业能力其实一直被很多人忽视。而在此次Windows 11开发版中，我们其实看到了微软对于一些专业用户的优化改进。\n微软在新的Windows 11中，改善了多桌面之间切换的显示方式，同时对于多显示器的支持，也更加的出色，这从一定程度上解决了高端用户对于多任务处理上，多年积累的问题。\n\n同时Windows 11也更专注的改善了游戏用户的体验。在这套全新的操作系统上，新的Xbox应用程序现已集成到Windows 11中，提供对Xbox Game Pass游戏、Xbox网络的社交部分和Xbox商店的快速访问。\n同时目前Windows 11也已经在XBox上进行了测试，我们也希望看到更多XBox的功能被纳入到桌面端来，比如提供自动HDR显示功能，或者是更快的游戏加载速度等等，一次提升PC在游戏方面的体验。\n免费升级？\n\n是的，这是我们最希望在Windows 11上看到的。\n微软之前在Windows 7/8升级Windows 10时，采用了免费升级的方式，所有用户都可以升级对应的Win10版本。我们希望免费这件事，依然会出现在Windows 11上。\n市场已经成功的告诉微软，从用户手里收钱升级系统这件事是没有意义的，微软作为一家操作系统开发公司，更多软件的收入要来自OEM授权和商业许可。因此很有可能Win11依然会采用之前Win10免费升级的方式。\n尽管微软Windows 11已经偷跑，但实际上微软还是留下了不少悬念给我们。北京时间6月24日23点，微软正式召开新品发布会之时，这些答案可能会被揭开。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126971147,"gmtCreate":1624543318789,"gmtModify":1703839896132,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126971147","repostId":"1199120523","repostType":4,"repost":{"id":"1199120523","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624541451,"share":"https://ttm.financial/m/news/1199120523?lang=en_US&edition=fundamental","pubTime":"2021-06-24 21:30","market":"us","language":"zh","title":"Opening: Nasdaq and S&P hit new highs! Tech Stocks Continue Strength","url":"https://stock-news.laohu8.com/highlight/detail?id=1199120523","media":"老虎资讯综合","summary":"6月24日（周四），纳斯达克综合指数开盘上涨91.1点，涨幅0.64%，报14362.8点；标普500指数开盘上涨22.36点，涨幅0.53%，报4264.20点；道琼斯指数开盘上涨182.35点，涨","content":"<p>On June 24 (Thursday), the Nasdaq Composite Index opened up 91.1 points, or 0.64%, to 14362.8 points; The S&P 500 index opened up 22.36 points, or 0.53%, to 4264.20 points; The Dow Jones index opened up 182.35 points, or 0.54%, to 34,056.59 points.</p><p><img src=\"https://static.tigerbbs.com/95f1bc6c5ee7460a3506f35d137a3a29\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/90f02b2081ef4cd205fc04be09117cd5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up 0.8% at the opening, XPeng Motor announced that the maximum issue price of the Hong Kong public offering is HK $180 per share or US $23.19 (equivalent to US $46.39 per ADS).</p><p><a href=\"https://laohu8.com/S/UXIN\">Youxin</a>It opened up more than 5%. At the regular press conference held by the Ministry of Commerce today, spokesman Gao Feng said that the Ministry of Commerce is working with relevant departments to promote the accelerated development of the second-hand car market by canceling the policy of restricting the relocation of second-hand cars and facilitating second-hand car transactions.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>It rose more than 8%, and its Alzheimer's disease treatment drug donanemab was certified as a breakthrough therapy by the U.S. Food and Drug Administration.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It opened up 0.51%. Microsoft shares hit a record intraday high on Wednesday, with a total market value of $2 trillion. At 23:00 Beijing time tonight, Microsoft will release a new generation of Windows system Win11. It is reported that the new generation of Windows will provide many functions designed for the \"post-epidemic world\".</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% before the market. Previously, the Tesla Model 3 was named the most made car in the United States in 2021 by Cars.com, an American online car sales service provider.</p><p>Sub-new shares, customer experience management platform<a href=\"https://laohu8.com/S/CXM\">Sprinklr</a>It rose more than 15%, and closed up 10% on the first day of listing yesterday.</p><p><a href=\"https://laohu8.com/S/LAZR\">Luminar</a>With an increase of more than 10%, its lidar technology will become the standard equipment of Volvo's upcoming all-electric flagship car.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: Nasdaq and S&P hit new highs! Tech Stocks Continue Strength</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: Nasdaq and S&P hit new highs! Tech Stocks Continue Strength\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-24 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 24 (Thursday), the Nasdaq Composite Index opened up 91.1 points, or 0.64%, to 14362.8 points; The S&P 500 index opened up 22.36 points, or 0.53%, to 4264.20 points; The Dow Jones index opened up 182.35 points, or 0.54%, to 34,056.59 points.</p><p><img src=\"https://static.tigerbbs.com/95f1bc6c5ee7460a3506f35d137a3a29\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/90f02b2081ef4cd205fc04be09117cd5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up 0.8% at the opening, XPeng Motor announced that the maximum issue price of the Hong Kong public offering is HK $180 per share or US $23.19 (equivalent to US $46.39 per ADS).</p><p><a href=\"https://laohu8.com/S/UXIN\">Youxin</a>It opened up more than 5%. At the regular press conference held by the Ministry of Commerce today, spokesman Gao Feng said that the Ministry of Commerce is working with relevant departments to promote the accelerated development of the second-hand car market by canceling the policy of restricting the relocation of second-hand cars and facilitating second-hand car transactions.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>It rose more than 8%, and its Alzheimer's disease treatment drug donanemab was certified as a breakthrough therapy by the U.S. Food and Drug Administration.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It opened up 0.51%. Microsoft shares hit a record intraday high on Wednesday, with a total market value of $2 trillion. At 23:00 Beijing time tonight, Microsoft will release a new generation of Windows system Win11. It is reported that the new generation of Windows will provide many functions designed for the \"post-epidemic world\".</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% before the market. Previously, the Tesla Model 3 was named the most made car in the United States in 2021 by Cars.com, an American online car sales service provider.</p><p>Sub-new shares, customer experience management platform<a href=\"https://laohu8.com/S/CXM\">Sprinklr</a>It rose more than 15%, and closed up 10% on the first day of listing yesterday.</p><p><a href=\"https://laohu8.com/S/LAZR\">Luminar</a>With an increase of more than 10%, its lidar technology will become the standard equipment of Volvo's upcoming all-electric flagship car.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199120523","content_text":"6月24日（周四），纳斯达克综合指数开盘上涨91.1点，涨幅0.64%，报14362.8点；标普500指数开盘上涨22.36点，涨幅0.53%，报4264.20点；道琼斯指数开盘上涨182.35点，涨幅0.54%，报34056.59点。\n\n\n小鹏汽车开盘涨0.8%，小鹏汽车公布：香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。\n优信开盘涨超5%。在今天商务部举行的例行新闻发布会上，新闻发言人高峰表示，商务部正会同有关部门，围绕取消二手车限迁政策、便利二手车交易等推动二手车市场加快发展。\n礼来开涨逾8%，其阿尔茨海默病治疗药物donanemab获美国食品药品监督管理局突破性疗法认证。\n微软开盘涨0.51%。微软股价周三盘中创历史新高，总市值达两万亿美元。北京时间今晚23:00，微软将发布全新一代Windows系统Win11。据悉，新一代Windows将提供多方面为“后疫情世界”设计的功能。\n特斯拉盘前涨超2%。此前特斯拉Model 3被美国在线汽车销售服务商Cars.com评为2021年美国制造最多的汽车。\n次新股、客户体验管理平台Sprinklr涨超15%，昨日上市首日收涨10%。\nLuminar涨超10%，其激光雷达技术将成为沃尔沃即将推出的全电动旗舰车的标准配备。","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321716430,"gmtCreate":1615470086420,"gmtModify":1704783190476,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321716430","repostId":"1136225097","repostType":4,"repost":{"id":"1136225097","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615192483,"share":"https://ttm.financial/m/news/1136225097?lang=en_US&edition=fundamental","pubTime":"2021-03-08 16:34","market":"sh","language":"zh","title":"U.S. stocks will enter daylight saving time starting from March 14, and the opening and closing will be one hour earlier","url":"https://stock-news.laohu8.com/highlight/detail?id=1136225097","media":"老虎资讯综合","summary":"美东时间3月14日2:00（北京时间3月14日起），北美地区开始实行夏令时，美股市场开盘和收盘均将提前一小时，至美东时间2021年11月7日结束。即美股交易时间更改为北京时间21:30至次日凌晨04:","content":"<p>At 2:00 Eastern Time on March 14 (starting from March 14, Beijing time), North America will begin to implement daylight saving time, and the opening and closing of the U.S. stock market will be one hour earlier, ending on November 7, 2021 Eastern Time.</p><p>That is, the trading hours of U.S. stocks are changed to 21:30 Beijing time to 04:00 the next morning, the pre-hours trading hours are 16:00 to 21:30, and the after-hours trading hours are 04:00 to 08:00. March 15 is the first trading day for U.S. stocks after entering daylight saving time.</p><p>Winter time in Europe will officially end on March 28th, Beijing time, and switch to daylight saving time.</p><p><b>Background Addition:</b></p><p>Daylight saving time, also known as Daylight saving time and Summer time, is a system that artificially prescribes regional time to save energy. The uniform time adopted during the implementation of this system is called \"daylight saving time\". Generally, in summer when dawn is early, the time is artificially advanced by one hour, which can make people get up early and go to bed early to reduce the amount of lighting, so as to make full use of sunlight and save electricity.</p><p>It is understood that the \"daylight saving time\" in the United States originated in 1918, when the United States first implemented daylight saving time when it participated in the First World War, but it was cancelled immediately after the war and restored again in 1966.</p><p>The implementation of daylight time in the United States is entirely decided by each state and county, and is not uniformly stipulated by the federal government. At present, most parts of the United States implement daylight saving time. Areas in the United States that do not implement daylight saving time include: most parts of Arizona, but a small part of the northeast of the state uses daylight saving time; State of Hawaii; Puerto Rico and the Virgin Islands; American Samoa, Guam and the Northern Mariana Islands.<img src=\"https://static.tigerbbs.com/2b3c5afcedf9e4a595b7e8bdffd98507\" tg-width=\"1920\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks will enter daylight saving time starting from March 14, and the opening and closing will be one hour earlier</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks will enter daylight saving time starting from March 14, and the opening and closing will be one hour earlier\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-08 16:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>At 2:00 Eastern Time on March 14 (starting from March 14, Beijing time), North America will begin to implement daylight saving time, and the opening and closing of the U.S. stock market will be one hour earlier, ending on November 7, 2021 Eastern Time.</p><p>That is, the trading hours of U.S. stocks are changed to 21:30 Beijing time to 04:00 the next morning, the pre-hours trading hours are 16:00 to 21:30, and the after-hours trading hours are 04:00 to 08:00. March 15 is the first trading day for U.S. stocks after entering daylight saving time.</p><p>Winter time in Europe will officially end on March 28th, Beijing time, and switch to daylight saving time.</p><p><b>Background Addition:</b></p><p>Daylight saving time, also known as Daylight saving time and Summer time, is a system that artificially prescribes regional time to save energy. The uniform time adopted during the implementation of this system is called \"daylight saving time\". Generally, in summer when dawn is early, the time is artificially advanced by one hour, which can make people get up early and go to bed early to reduce the amount of lighting, so as to make full use of sunlight and save electricity.</p><p>It is understood that the \"daylight saving time\" in the United States originated in 1918, when the United States first implemented daylight saving time when it participated in the First World War, but it was cancelled immediately after the war and restored again in 1966.</p><p>The implementation of daylight time in the United States is entirely decided by each state and county, and is not uniformly stipulated by the federal government. At present, most parts of the United States implement daylight saving time. Areas in the United States that do not implement daylight saving time include: most parts of Arizona, but a small part of the northeast of the state uses daylight saving time; State of Hawaii; Puerto Rico and the Virgin Islands; American Samoa, Guam and the Northern Mariana Islands.<img src=\"https://static.tigerbbs.com/2b3c5afcedf9e4a595b7e8bdffd98507\" tg-width=\"1920\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2b3c5afcedf9e4a595b7e8bdffd98507","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136225097","content_text":"美东时间3月14日2:00（北京时间3月14日起），北美地区开始实行夏令时，美股市场开盘和收盘均将提前一小时，至美东时间2021年11月7日结束。即美股交易时间更改为北京时间21:30至次日凌晨04:00，盘前交易时间为16:00至21:30，盘后交易时间为04:00至08:00。3月15日为进入夏令时后美股首个交易日。欧洲地区的冬令时时间将会在北京时间 3月28日正式结束，转为夏令时时间。背景补充：夏时制，又称日光节约时制（英语：Daylight saving time）和夏令时间（英语：Summer time），是一种为节约能源而人为规定地区时间的制度。该制度实行期间所采用的统一时间称为“夏令时”。一般在天亮早的夏季人为将时间提前1小时，这样可使人早起早睡减少照明量，以充分利用日光节约用电。据了解，美国“夏令时”起源于1918年，当时的美国在参加第一次世界大战时首次实行夏时制，但战后立即取消，与1966年再次恢复。美国夏时制的实行与否，完全由各州、各县自行决定，不由联邦政府统一规定。目前美国绝大部分地区实行夏令时，美国不实行夏令时的地区包括：亚利桑那州大部分地区，但该州东北的一小部分使用夏令时；夏威夷州；波多黎各和维京群岛；美属萨摩亚、关岛和北马里亚纳群岛。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389015656,"gmtCreate":1612620509175,"gmtModify":1704873247449,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389015656","repostId":"1157800725","repostType":4,"repost":{"id":"1157800725","kind":"news","pubTimestamp":1612573220,"share":"https://ttm.financial/m/news/1157800725?lang=en_US&edition=fundamental","pubTime":"2021-02-06 09:00","market":"us","language":"zh","title":"Ruixing Coffee filed for bankruptcy protection. Is it protecting the company or investors?","url":"https://stock-news.laohu8.com/highlight/detail?id=1157800725","media":"第一财经","summary":"2月5日，瑞幸咖啡（LKNCY.O）在公司官网发布了公司正申请破产保护的公告。该公告称，公司根据《破产法》第11篇第15章（Chapter 15 Petition）向美国纽约南区破产法院提出申请。目前","content":"<p><div>On February 5, Luckin Coffee (LKNCY.O) announced on the company's official website that the company is filing for bankruptcy protection. The announcement stated that the company filed an application with the U.S. Bankruptcy Court for the Southern District of New York in accordance with Chapter 15 Petition of Title 11 of the Bankruptcy Code. At present, the company is negotiating with its stakeholders on the company's financial restructuring. By strengthening the company's balance sheet, the company can continue to operate while benefiting all stakeholders. Luckin Coffee said that all of the company's stores are currently open to provide its customers in China with high-quality, affordable and...</p><p><a href=\"https://www.yicai.com/news/100942873.html\">Web link</a></div></p>","source":"dyvj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ruixing Coffee filed for bankruptcy protection. Is it protecting the company or investors?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRuixing Coffee filed for bankruptcy protection. Is it protecting the company or investors?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2021-02-06 09:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>On February 5, Luckin Coffee (LKNCY.O) announced on the company's official website that the company is filing for bankruptcy protection. The announcement stated that the company filed an application with the U.S. Bankruptcy Court for the Southern District of New York in accordance with Chapter 15 Petition of Title 11 of the Bankruptcy Code. At present, the company is negotiating with its stakeholders on the company's financial restructuring. By strengthening the company's balance sheet, the company can continue to operate while benefiting all stakeholders. Luckin Coffee said that all of the company's stores are currently open to provide its customers in China with high-quality, affordable and...</p><p><a href=\"https://www.yicai.com/news/100942873.html\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.yicai.com/news/100942873.html\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/324e43c6c2694249d5fc03a098a94f36","relate_stocks":{},"source_url":"https://www.yicai.com/news/100942873.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157800725","content_text":"2月5日，瑞幸咖啡（LKNCY.O）在公司官网发布了公司正申请破产保护的公告。该公告称，公司根据《破产法》第11篇第15章（Chapter 15 Petition）向美国纽约南区破产法院提出申请。目前公司正在与其利益相关者就公司财务重组进行谈判，通过加强公司的资产负债表，使公司能够继续经营，同时为所有利益相关者谋利益。瑞幸咖啡表示，目前公司所有门店均保持营业，为其在中国的客户提供高质量、经济实惠和方便的产品。第15章请愿书的提交预计不会对公司的日常运营产生重大影响。公司将继续在正常业务过程中履行其贸易义务，包括向供应商、供应商和员工付款。大约一年前，一份长达89页的做空报告令瑞幸咖啡股价涨势戛然而止。2020年4月2日，瑞幸咖啡提交给SEC的文件显示，公司董事会成立的专门委员会经过调查初步明确，2019年第二季度到2019年第四季度期间，瑞幸咖啡与虚假交易相关的总销售金额约为22亿元人民币，整个市场哗然，瑞幸咖啡股价接连闪崩。6月29日，瑞幸咖啡正式在纳斯达克交易所停止交易，进入退市程序，从上市到退市不足一年半。2020年底，SEC对瑞幸咖啡发起诉状，称其在公开披露的2019年财务报表中，故意并实质性地夸大了收入和费用，低估其净亏损。此外，在2019年4月到2020年1月期间，瑞幸咖啡从债券和股票投资者那里至少筹集了逾8.64亿美元。在不承认或否认这些指控的情况下，瑞幸咖啡已同意在法庭批准的情况下达成和解，包括永久性禁令和1.8亿美元的罚款。与SEC的诉讼和解之后，瑞幸咖啡还欠投资者一个交代，至少面临投资者的证券集体诉讼（民事诉讼）和美国司法部针对高管的指控（刑事诉讼）。集体诉讼开启后，某些集体成员也有几率选择退出集体诉讼，并单独发起诉讼。瑞幸咖啡的民事诉讼已在进行当中，诉讼程序可能需要至少2~3年，而刑事案件的事件可能会更长。或许是不堪重负，瑞幸咖啡终于提出破产申请。2月5日午后，瑞幸咖啡在其官方微博上称，申请破产保护是错误的理解，“其实这是一个好消息，让瑞幸重生之路又进一步！”瑞幸咖啡表示，作为公司重组的重要步骤，也是开曼程序下常见做法，临时清盘人向美国法院提起程序，寻求美国法院对于公司目前在开曼进行的临时清盘程序的认可。该程序将会暂停美国境内针对公司的诉讼程序，为完成开曼重组创造条件并有序完成重组。值得注意的是，记者查阅过往著名公司的破产申请案例发现，与此次瑞幸不同的是，大多依照的是Chapter 7或11。一位曾经多次参与美国公司破产清算的律师对记者解释，公司申请破产后有多种不同的做法，较为常见的是Chapter 7和Chapter 11。“如果将公司看作病人，Chapter 11犹如给公司做手术，是一场最后关乎“开膛破肚”的救治，而Chapter7则更像是直接宣告公司的“死亡”。”详细来看，如果公司申请Chapter 7可以被理解为清算破产，公司会马上进入清算环节，律师、会计师、法院对公司进行资产清算后，债权人再从公司剩余资金里按顺序分钱。Chapter 11则是重组破产。北京郝俊波律师事务所主任郝俊波对记者称，如果通过Chapter 11，公司可以和债权人进行关于重组的谈判，可以等到有了重组方案才进行偿还，那么在形成这个重组方案之前，公司暂时不用再支付债务，“相当于等于给公司一个缓冲延期的机会。”过去有诸多公司通过Chapter 11获得喘息重生的机会。比如，曾在核技术、燃料及服务领域颇有建树的西屋电器公司（Westinghouse Electric Company）于2017年3月向美国法院申请了Chapter 11破产保护后，Brookfield顺利从日本东芝公司手中收购了西屋，完成转型重组。2001年11月8日，不堪舆论重压的安然被迫承认做了假账，虚报自1997年以来共计近6亿美元的盈利。12月2日，因受到债权人的压力和法律诉讼威胁，公司管理层被迫根据美国破产法第11章申请破产保护，破产清单中所列资产高达498亿美元，成为美国历史上最大的破产企业。从性质上，Chapter 15与 Chapter 11较为相似，正式被称为“《美国法典》第11章的第15章（Chapter 15, Title 11 of the United States Code）”，起源于1978年制定的《美国破产法》第304条。鉴于涉及多个司法管辖区的破产频率不断增加，304在2005年被废止，取而代之的是第15章，标题为“辅助和其他跨境案件”。Chapter 15与 Chapter 11两者最大的区别在于，Chapter 15通常是针对外国个人或实体的次级破产程序，允许外国人在包括在美国在内的多个国家/地区拥有财产或业务的情况下，向美国破产法院申请破产，但主要过程通常在外国公司的母国进行。通过第15章破产，在美国有债务但居住在国外的债务人也可以先在本国申请破产，而在美国的申报被视为次级或辅助申报。数据显示，截至2019年底，2009年、2016年和2019年提交的第Chapter 15破产案件数量最多。在2020年春季，许多外国公司因新冠疫情受困也纷纷申请第15章破产，如法国媒体公司Technicolor SA、加拿大茶叶经销商DAVIDsTEA、澳大利亚航空公司维珍澳大利亚航空、加拿大马戏团太阳马戏团娱乐集团等赫然在列。一旦外国实体根据Chapter 15申请破产，美国破产法院就可以授权受托人或审查员开始行动，并且在不违反美国法律的情况下，允许美国法院向外国代表提供额外的帮助；在外国法院的法律可能缺乏的情况下，允许美国法院为提出破产申请的外国国民提供额外的帮助；赋予外国债权人参与美国破产案的权利；防止在破产案件中对外国债权人的歧视；需要在美国提交的破产案件中通知外国债权人；赋予外国债权人在美国破产案件中提出索赔的权利。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1822,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":126971147,"gmtCreate":1624543318789,"gmtModify":1703839896132,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126971147","repostId":"1199120523","repostType":4,"repost":{"id":"1199120523","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624541451,"share":"https://ttm.financial/m/news/1199120523?lang=en_US&edition=fundamental","pubTime":"2021-06-24 21:30","market":"us","language":"zh","title":"Opening: Nasdaq and S&P hit new highs! Tech Stocks Continue Strength","url":"https://stock-news.laohu8.com/highlight/detail?id=1199120523","media":"老虎资讯综合","summary":"6月24日（周四），纳斯达克综合指数开盘上涨91.1点，涨幅0.64%，报14362.8点；标普500指数开盘上涨22.36点，涨幅0.53%，报4264.20点；道琼斯指数开盘上涨182.35点，涨","content":"<p>On June 24 (Thursday), the Nasdaq Composite Index opened up 91.1 points, or 0.64%, to 14362.8 points; The S&P 500 index opened up 22.36 points, or 0.53%, to 4264.20 points; The Dow Jones index opened up 182.35 points, or 0.54%, to 34,056.59 points.</p><p><img src=\"https://static.tigerbbs.com/95f1bc6c5ee7460a3506f35d137a3a29\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/90f02b2081ef4cd205fc04be09117cd5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up 0.8% at the opening, XPeng Motor announced that the maximum issue price of the Hong Kong public offering is HK $180 per share or US $23.19 (equivalent to US $46.39 per ADS).</p><p><a href=\"https://laohu8.com/S/UXIN\">Youxin</a>It opened up more than 5%. At the regular press conference held by the Ministry of Commerce today, spokesman Gao Feng said that the Ministry of Commerce is working with relevant departments to promote the accelerated development of the second-hand car market by canceling the policy of restricting the relocation of second-hand cars and facilitating second-hand car transactions.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>It rose more than 8%, and its Alzheimer's disease treatment drug donanemab was certified as a breakthrough therapy by the U.S. Food and Drug Administration.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It opened up 0.51%. Microsoft shares hit a record intraday high on Wednesday, with a total market value of $2 trillion. At 23:00 Beijing time tonight, Microsoft will release a new generation of Windows system Win11. It is reported that the new generation of Windows will provide many functions designed for the \"post-epidemic world\".</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% before the market. Previously, the Tesla Model 3 was named the most made car in the United States in 2021 by Cars.com, an American online car sales service provider.</p><p>Sub-new shares, customer experience management platform<a href=\"https://laohu8.com/S/CXM\">Sprinklr</a>It rose more than 15%, and closed up 10% on the first day of listing yesterday.</p><p><a href=\"https://laohu8.com/S/LAZR\">Luminar</a>With an increase of more than 10%, its lidar technology will become the standard equipment of Volvo's upcoming all-electric flagship car.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: Nasdaq and S&P hit new highs! Tech Stocks Continue Strength</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: Nasdaq and S&P hit new highs! Tech Stocks Continue Strength\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-24 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 24 (Thursday), the Nasdaq Composite Index opened up 91.1 points, or 0.64%, to 14362.8 points; The S&P 500 index opened up 22.36 points, or 0.53%, to 4264.20 points; The Dow Jones index opened up 182.35 points, or 0.54%, to 34,056.59 points.</p><p><img src=\"https://static.tigerbbs.com/95f1bc6c5ee7460a3506f35d137a3a29\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/90f02b2081ef4cd205fc04be09117cd5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up 0.8% at the opening, XPeng Motor announced that the maximum issue price of the Hong Kong public offering is HK $180 per share or US $23.19 (equivalent to US $46.39 per ADS).</p><p><a href=\"https://laohu8.com/S/UXIN\">Youxin</a>It opened up more than 5%. At the regular press conference held by the Ministry of Commerce today, spokesman Gao Feng said that the Ministry of Commerce is working with relevant departments to promote the accelerated development of the second-hand car market by canceling the policy of restricting the relocation of second-hand cars and facilitating second-hand car transactions.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>It rose more than 8%, and its Alzheimer's disease treatment drug donanemab was certified as a breakthrough therapy by the U.S. Food and Drug Administration.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It opened up 0.51%. Microsoft shares hit a record intraday high on Wednesday, with a total market value of $2 trillion. At 23:00 Beijing time tonight, Microsoft will release a new generation of Windows system Win11. It is reported that the new generation of Windows will provide many functions designed for the \"post-epidemic world\".</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% before the market. Previously, the Tesla Model 3 was named the most made car in the United States in 2021 by Cars.com, an American online car sales service provider.</p><p>Sub-new shares, customer experience management platform<a href=\"https://laohu8.com/S/CXM\">Sprinklr</a>It rose more than 15%, and closed up 10% on the first day of listing yesterday.</p><p><a href=\"https://laohu8.com/S/LAZR\">Luminar</a>With an increase of more than 10%, its lidar technology will become the standard equipment of Volvo's upcoming all-electric flagship car.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199120523","content_text":"6月24日（周四），纳斯达克综合指数开盘上涨91.1点，涨幅0.64%，报14362.8点；标普500指数开盘上涨22.36点，涨幅0.53%，报4264.20点；道琼斯指数开盘上涨182.35点，涨幅0.54%，报34056.59点。\n\n\n小鹏汽车开盘涨0.8%，小鹏汽车公布：香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。\n优信开盘涨超5%。在今天商务部举行的例行新闻发布会上，新闻发言人高峰表示，商务部正会同有关部门，围绕取消二手车限迁政策、便利二手车交易等推动二手车市场加快发展。\n礼来开涨逾8%，其阿尔茨海默病治疗药物donanemab获美国食品药品监督管理局突破性疗法认证。\n微软开盘涨0.51%。微软股价周三盘中创历史新高，总市值达两万亿美元。北京时间今晚23:00，微软将发布全新一代Windows系统Win11。据悉，新一代Windows将提供多方面为“后疫情世界”设计的功能。\n特斯拉盘前涨超2%。此前特斯拉Model 3被美国在线汽车销售服务商Cars.com评为2021年美国制造最多的汽车。\n次新股、客户体验管理平台Sprinklr涨超15%，昨日上市首日收涨10%。\nLuminar涨超10%，其激光雷达技术将成为沃尔沃即将推出的全电动旗舰车的标准配备。","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122766396,"gmtCreate":1624633728315,"gmtModify":1703842392771,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"Tiger game&nbsp;","listText":"Tiger game&nbsp;","text":"Tiger game","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122766396","repostId":"1186640720","repostType":4,"repost":{"id":"1186640720","kind":"news","pubTimestamp":1624608318,"share":"https://ttm.financial/m/news/1186640720?lang=en_US&edition=fundamental","pubTime":"2021-06-25 16:05","market":"sh","language":"zh","title":"Who is hyping Pien Tze Huang?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186640720","media":"智通财经APP","summary":"“抢购与炒作齐飞”，今日的神药片仔癀一如2020年的神酒贵州茅台。\n媒体报道，近日，因为消费者疯抢，大量线下门店的片仔癀已经缺货，在淘宝、京东等电商平台，片仔癀官方旗舰店的药品均已售罄。淘宝“片仔癀大","content":"<p>\"Snapping up and hyping Qi Fei\", today's magic medicine Pien Tze Huang is just like the magic wine Kweichow Moutai in 2020.</p><p>According to media reports, recently, Pien Tze Huang in a large number of offline stores has been out of stock due to consumers' rush. On Taobao, JD.com and other e-commerce platforms, the medicines in the official flagship store of Pien Tze Huang have been sold out. Taobao's \"Pien Tze Huang Pharmacy Flagship Store\" customer service stated that the replenishment time cannot be determined, and it is recommended to collect the products first. The price of a single piece of Pien Tze Huang sold by other merchants is as high as 1,000 yuan.</p><p>Pien Tze Huang's stock price has also been rising all the way, soaring from 100 yuan in early 2020 to more than 400 yuan at present. On June 25, it broke through the 450 yuan mark.</p><p>1、<b>Hoarding? Who is snapping up Pien Tze Huang?</b></p><p>Pien Tze Huang is a drug for liver diseases, which is mainly suitable for acute and chronic viral hepatitis caused by heat toxicity and blood stasis. It has both medical and health care functions. Simply put, Pien Tze Huang has the effect of treating fatty liver and alcoholic liver.</p><p>Since Pien Tze Huang went public, it has continuously raised prices 19 times. Among them, the domestic retail price increased 9 times from 2004 to 2020, from the retail price of 325 yuan to 590 yuan, an increase of 82%.</p><p>How did this wave of hype about Pien Tze Huang come about?</p><p>One view is that Pien Tze Huang is scarce.</p><p>Is Pien Tze Huang really scarce?</p><p>Affected by the epidemic, since last year, many consumers' demand for natural medicinal materials has increased, resulting in the price of natural musk rising from 300,000 yuan per kilogram to 400,000 yuan in the past two years. The ingredients of Pien Tze Huang are bezoar, musk, Panax notoginseng and snake bile, and musk alone accounts for 55% of the total cost.</p><p>Some people think that the contradiction in the supply of raw materials in Pien Tze Huang is more prominent than in previous years. As a scarce variety, Pien Tze Huang is in short supply, and the price is getting higher and higher, and the higher it is, the more speculated it is, resulting in an investment \"herd effect\".</p><p>Regarding the reasons for the latest price increase, Pien Tze Huang announced in January 2020 that in view of the increase in main raw materials and labor costs, the company decided to increase the domestic retail price of the leading product Pien Tze Huang lozenges from 530 yuan/tablet to 590 yuan/tablet from the date of the announcement, and the supply price was correspondingly increased by about 40 yuan/tablet.</p><p>However, according to a research report published by Southwest Securities on February 7, 2021, Pien Tze Huang is currently promoting artificial musk deer breeding to make up for the shortage of scarce raw materials. The Shaanxi breeding base raises more than 10,000 musk deer heads, with an estimated annual output of more than 100 kilograms. Musk and bezoar can meet 3 years of production capacity expansion.</p><p>In other words, the so-called scarcity of raw materials is temporary and does not support the hype of Pien Tze Huang.</p><p>Is there a scalper hype?</p><p>At the end of April, some netizens revealed that Pien Tze Huang has officially entered the purchase restriction policy from May 2021, the strictest purchase restriction order in history. In that month, you can buy it in the experience hall with your personal ID number and prescription. One person is limited to 2 pills a month, which meets the use of the month. The dosage ensures that customers who have taken drugs for a long time will not stop taking drugs.</p><p>At present, Pien Tze Huang offline stores in many places implement purchase restrictions. You need to leave your phone number and ID number to make an appointment, and even offline stores require consumers to \"match\" the purchase, that is, if you want to buy Pien Tze Huang, you have to buy other high-priced medicines.</p><p>Analyst Zhu Danpeng said that the sudden shortage of Pien Tze Huang is not unrelated to the hype. In the south, especially in the southeast coastal areas, some consumers think that Pien Tze Huang has health effects, and its price remains high all the year round, which makes it have some gift attributes.</p><p>Some speculators snapped up Pien Tze Huang and waited for the price to rise, and then sold it to earn huge profits.</p><p>A Pien Tze Huang offline store in Shanghai told the media, \"Not many people bought this medicine before. Two or three months ago, scalpers suddenly began to buy it in large quantities. The store had no choice but to restrict purchases and was only open to members and old customers.\"</p><p>Are drugs hyped in conjunction with the capital market?</p><p>Chuancai Securities revealed that there may be hot money involved in Pien Tze Huang speculation.</p><p>The strategy research team of Chuancai Securities believes that behind the sudden imbalance between supply and demand, it is inevitable that there are people who maliciously hoard goods, maliciously speculate, and even take the opportunity to make profits in the securities market.</p><p>In fact, such hype routines are not new. In June this year, a user certified by Weibo as the general manager of an asset management company revealed, \"A liquor company invites dealers to buy equivalent stocks every time they buy wine. In the end, the stock price doubled, which is equivalent to the dealer getting wine at zero cost. The wine can be kept for several years and sold slowly.\"</p><p>2、<b>Public Offering of Fund has emptied Pien Tze Huang?</b></p><p>Different from 2020, when public offering institutions joined forces to promote liquor leaders such as Kweichow Moutai and Wuliangye, this time, paradoxically, public offering funds may have perfectly stepped on Pien Tze Huang, the \"Moutai in Medicine\".</p><p>Wind data shows that at the end of the fourth quarter of 2020, there were 25 Public Offering of Fund holding more than 100,000 shares of Pien Tze Huang: a total of about 26,782,400 shares were held, accounting for about 4.44% of the circulating A shares. Among them, there are many \"top fund managers\" Ge Lan, Liu Gesong, Qu Yang and others.</p><p>However, after experiencing the sharp fluctuation of white horse stocks after the Spring Festival, the public data in the first quarter showed that the number of shares held by the top 25 institutions dropped sharply to 10,021,200 shares, with a reduction of more than 60%, accounting for only 1.65% of the circulation ratio of A shares.</p><p>At the end of 2020, a total of 101 institutional investors held shares. At the end of the first quarter of this year, the number of institutional investors dropped sharply to 41.</p><p>In the quarter of 2021, Pien Tze Huang also experienced a stock price adjustment. Among them, from February 18 to March 9, the stock price fell from 404 yuan to 239 yuan, nearly halved.</p><p>Judging from public data, most Public Offering of Fund sold Pien Tze Huang in the adjustment in the first quarter of 2021.</p><p>However, the main rise in Pien Tze Huang's stock price was in the second quarter of 2021. In this process, did Public Offering of Fund \"eat back grass\" and increase its positions in Pien Tze Huang? At present, the interim reports of Public Offering of Fund and listed companies have not yet been released, so we don't know.</p><p>In the first quarter of 2021, a few Public Offering of Fund chose to stick to or even increase their positions. China Universal Value Select A continued to hold 1.5 million shares without selling one share, while CEIBS Gulen, known as the \"goddess of medicine\" in the industry, bucked the trend and aggressively increased its positions. At the end of the fourth quarter of last year, it only held 272,800 shares of Pien Tze Huang, but at the end of the first quarter, it already held 2,214,900 shares, which was nearly 10 times higher, showing its strong optimism about the company. Like Gulen, the new GF Healthcare (1,187,200 shares) and Social Security 101 portfolio (1,041,300 shares) increased their positions in the first quarter, while Yinhua Fuyu Theme also increased its positions by 1,199,800 shares to 2,749,800 shares in the first quarter, ranking the sixth largest shareholder.</p><p>3、<b>Is Lin Yuan the man behind Pien Tze Huang?</b></p><p>In the 2018 semi-annual report, the private equity fund owned by private equity tycoon Lin Yuan appeared among the top ten shareholders of Pien Tze Huang with a shareholding ratio of 0.64%. As of the end of June 2020, its three private equity funds held a total of 8.837 million shares of Pien Tze Huang.</p><p>However, in the third quarter of 2020, the news that \"Linyuan reduced its holdings of Pien Tze Huang\" came out. As of the first quarter of 2021, Linyuan's three private equity funds were no longer among the top ten shareholders.</p><p>On June 9, 2021, Lin Yuan sent representatives to attend the Pien Tze Huang shareholders' meeting. At the meeting, it was stated, \"I have invested in Pien Tze Huang stocks since 2005, and so far no share has been sold.\" Lin Yuan had previously said that he only split his positions.</p><p>Lin Yuan also sent a warm thank-you letter to Pien Tze Huang, which still expressed strong optimism:</p><p>\"Linyuan and Linyuan Investment have not sold a share since they bought Pien Tze Huang in 2005. Especially in my country's COVID-19 pandemic during the trade war, including this year, they have been investing heavily, adhering to long-termism, firmly optimistic about the Chinese medicine industry, and being bullish on China. Believe in the national destiny, believe that Pien Tze Huang is a great company. Believe in excellent management. I also wish the company well under the leadership of Mr. Pan. Climb the peak bravely and become China's business card and a luxury brand in the world! \"</p><p>Previously, on April 21, 2018, Lin Yuan even declared at the investment report meeting that Pien Tze Huang could be \"brought back to life\".</p><p>\"Recently I chose a Pien Tze Huang. It is also a pharmaceutical enterprise, which is from Fujian. There are two treasures in Zhangzhou, one is narcissus and the other is Pien Tze Huang. After the Fujian people die, the locals have to put this medicine in and try if they can survive.\"</p><p>Regarding this \"speculation\" of Pien Tze Huang, Lin Yuan even publicly stated that \"they will eventually sell the price of two bottles of Maotai.\"</p><p><img src=\"https://static.tigerbbs.com/a6602d2149a718945e18d3b0fdc92cfa\" tg-width=\"608\" tg-height=\"712\" referrerpolicy=\"no-referrer\">4、、<b>Can the price increase of Pien Tze Huang continue?</b></p><p>Can Pien Tze Huang really \"sell for the price of two bottles of Maotai\"?</p><p>On June 9, 2021, at the Pien Tze Huang shareholders' meeting, the company stated that it has always been more cautious in dealing with price increases and does not pursue excessive profits. I don't agree with everyone comparing the prices of Pien Tze Huang with Moutai. Maotai is a grain product and belongs to food; Pien Tze Huang is a drug. When it comes to the pricing and price increase of drugs, we must be more cautious and consider social responsibilities more. We cannot follow the market immediately.</p><p>In fact, as a medicine, Pien Tze Huang always faces medical price control. Under the general trend of centralized pharmaceutical procurement, it is impossible for any \"magic medicine\" to sell at sky-high prices.</p><p>On June 25, Pien Tze Huang responded to the recent phenomenon that its Pien Tze Huang lozenges are \"hard to find\" on the interactive platform, saying that the company's production and operation are in a normal state at present. In response to the recent market situation, the company has taken three measures to resolutely maintain market order.</p><p>Although the stock price has soared, judging from the financial report data in recent years, Pien Tze Huang's revenue growth rate in 2017 was the fastest, reaching 60.85%, but then the revenue growth rate began to decline year by year, and by 2020 it dropped to nearly five years. The lowest point of the year is only 13.78%.</p><p>However, Pien Tze Huang's net profit has always remained at a high level. After the price increase in 2020, the revenue growth rate dropped to the lowest level in five years, but the net profit growth rate was only 1 percentage point behind that in 2019.</p><p>In fact, Pien Tze Huang's research and development expenses account for a very low proportion. The company's research and development expenses from 2018 to 2020 were 100 million yuan, 119 million yuan, and 97.55 million yuan respectively, accounting for 2.12%, 2.09%, and 1.5% of operating income respectively.</p><p>Pien Tze Huang is an \"exclusive business\". Pien Tze Huang and Yunnan Baiyao are the only two national first-class protected varieties of traditional Chinese medicine. State secret formula medicinal materials. Therefore, Pien Tze Huang may not have much motivation for research and development, and it will not make mistakes without trial and error. It is safest to have ready-made ones for reference.</p><p><img src=\"https://static.tigerbbs.com/d5efd050b5584873992f4b1d5f5b5cfb\" tg-width=\"767\" tg-height=\"439\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Who is hyping Pien Tze Huang?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWho is hyping Pien Tze Huang?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经APP</strong><span class=\"h-time small\">2021-06-25 16:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>\"Snapping up and hyping Qi Fei\", today's magic medicine Pien Tze Huang is just like the magic wine Kweichow Moutai in 2020.</p><p>According to media reports, recently, Pien Tze Huang in a large number of offline stores has been out of stock due to consumers' rush. On Taobao, JD.com and other e-commerce platforms, the medicines in the official flagship store of Pien Tze Huang have been sold out. Taobao's \"Pien Tze Huang Pharmacy Flagship Store\" customer service stated that the replenishment time cannot be determined, and it is recommended to collect the products first. The price of a single piece of Pien Tze Huang sold by other merchants is as high as 1,000 yuan.</p><p>Pien Tze Huang's stock price has also been rising all the way, soaring from 100 yuan in early 2020 to more than 400 yuan at present. On June 25, it broke through the 450 yuan mark.</p><p>1、<b>Hoarding? Who is snapping up Pien Tze Huang?</b></p><p>Pien Tze Huang is a drug for liver diseases, which is mainly suitable for acute and chronic viral hepatitis caused by heat toxicity and blood stasis. It has both medical and health care functions. Simply put, Pien Tze Huang has the effect of treating fatty liver and alcoholic liver.</p><p>Since Pien Tze Huang went public, it has continuously raised prices 19 times. Among them, the domestic retail price increased 9 times from 2004 to 2020, from the retail price of 325 yuan to 590 yuan, an increase of 82%.</p><p>How did this wave of hype about Pien Tze Huang come about?</p><p>One view is that Pien Tze Huang is scarce.</p><p>Is Pien Tze Huang really scarce?</p><p>Affected by the epidemic, since last year, many consumers' demand for natural medicinal materials has increased, resulting in the price of natural musk rising from 300,000 yuan per kilogram to 400,000 yuan in the past two years. The ingredients of Pien Tze Huang are bezoar, musk, Panax notoginseng and snake bile, and musk alone accounts for 55% of the total cost.</p><p>Some people think that the contradiction in the supply of raw materials in Pien Tze Huang is more prominent than in previous years. As a scarce variety, Pien Tze Huang is in short supply, and the price is getting higher and higher, and the higher it is, the more speculated it is, resulting in an investment \"herd effect\".</p><p>Regarding the reasons for the latest price increase, Pien Tze Huang announced in January 2020 that in view of the increase in main raw materials and labor costs, the company decided to increase the domestic retail price of the leading product Pien Tze Huang lozenges from 530 yuan/tablet to 590 yuan/tablet from the date of the announcement, and the supply price was correspondingly increased by about 40 yuan/tablet.</p><p>However, according to a research report published by Southwest Securities on February 7, 2021, Pien Tze Huang is currently promoting artificial musk deer breeding to make up for the shortage of scarce raw materials. The Shaanxi breeding base raises more than 10,000 musk deer heads, with an estimated annual output of more than 100 kilograms. Musk and bezoar can meet 3 years of production capacity expansion.</p><p>In other words, the so-called scarcity of raw materials is temporary and does not support the hype of Pien Tze Huang.</p><p>Is there a scalper hype?</p><p>At the end of April, some netizens revealed that Pien Tze Huang has officially entered the purchase restriction policy from May 2021, the strictest purchase restriction order in history. In that month, you can buy it in the experience hall with your personal ID number and prescription. One person is limited to 2 pills a month, which meets the use of the month. The dosage ensures that customers who have taken drugs for a long time will not stop taking drugs.</p><p>At present, Pien Tze Huang offline stores in many places implement purchase restrictions. You need to leave your phone number and ID number to make an appointment, and even offline stores require consumers to \"match\" the purchase, that is, if you want to buy Pien Tze Huang, you have to buy other high-priced medicines.</p><p>Analyst Zhu Danpeng said that the sudden shortage of Pien Tze Huang is not unrelated to the hype. In the south, especially in the southeast coastal areas, some consumers think that Pien Tze Huang has health effects, and its price remains high all the year round, which makes it have some gift attributes.</p><p>Some speculators snapped up Pien Tze Huang and waited for the price to rise, and then sold it to earn huge profits.</p><p>A Pien Tze Huang offline store in Shanghai told the media, \"Not many people bought this medicine before. Two or three months ago, scalpers suddenly began to buy it in large quantities. The store had no choice but to restrict purchases and was only open to members and old customers.\"</p><p>Are drugs hyped in conjunction with the capital market?</p><p>Chuancai Securities revealed that there may be hot money involved in Pien Tze Huang speculation.</p><p>The strategy research team of Chuancai Securities believes that behind the sudden imbalance between supply and demand, it is inevitable that there are people who maliciously hoard goods, maliciously speculate, and even take the opportunity to make profits in the securities market.</p><p>In fact, such hype routines are not new. In June this year, a user certified by Weibo as the general manager of an asset management company revealed, \"A liquor company invites dealers to buy equivalent stocks every time they buy wine. In the end, the stock price doubled, which is equivalent to the dealer getting wine at zero cost. The wine can be kept for several years and sold slowly.\"</p><p>2、<b>Public Offering of Fund has emptied Pien Tze Huang?</b></p><p>Different from 2020, when public offering institutions joined forces to promote liquor leaders such as Kweichow Moutai and Wuliangye, this time, paradoxically, public offering funds may have perfectly stepped on Pien Tze Huang, the \"Moutai in Medicine\".</p><p>Wind data shows that at the end of the fourth quarter of 2020, there were 25 Public Offering of Fund holding more than 100,000 shares of Pien Tze Huang: a total of about 26,782,400 shares were held, accounting for about 4.44% of the circulating A shares. Among them, there are many \"top fund managers\" Ge Lan, Liu Gesong, Qu Yang and others.</p><p>However, after experiencing the sharp fluctuation of white horse stocks after the Spring Festival, the public data in the first quarter showed that the number of shares held by the top 25 institutions dropped sharply to 10,021,200 shares, with a reduction of more than 60%, accounting for only 1.65% of the circulation ratio of A shares.</p><p>At the end of 2020, a total of 101 institutional investors held shares. At the end of the first quarter of this year, the number of institutional investors dropped sharply to 41.</p><p>In the quarter of 2021, Pien Tze Huang also experienced a stock price adjustment. Among them, from February 18 to March 9, the stock price fell from 404 yuan to 239 yuan, nearly halved.</p><p>Judging from public data, most Public Offering of Fund sold Pien Tze Huang in the adjustment in the first quarter of 2021.</p><p>However, the main rise in Pien Tze Huang's stock price was in the second quarter of 2021. In this process, did Public Offering of Fund \"eat back grass\" and increase its positions in Pien Tze Huang? At present, the interim reports of Public Offering of Fund and listed companies have not yet been released, so we don't know.</p><p>In the first quarter of 2021, a few Public Offering of Fund chose to stick to or even increase their positions. China Universal Value Select A continued to hold 1.5 million shares without selling one share, while CEIBS Gulen, known as the \"goddess of medicine\" in the industry, bucked the trend and aggressively increased its positions. At the end of the fourth quarter of last year, it only held 272,800 shares of Pien Tze Huang, but at the end of the first quarter, it already held 2,214,900 shares, which was nearly 10 times higher, showing its strong optimism about the company. Like Gulen, the new GF Healthcare (1,187,200 shares) and Social Security 101 portfolio (1,041,300 shares) increased their positions in the first quarter, while Yinhua Fuyu Theme also increased its positions by 1,199,800 shares to 2,749,800 shares in the first quarter, ranking the sixth largest shareholder.</p><p>3、<b>Is Lin Yuan the man behind Pien Tze Huang?</b></p><p>In the 2018 semi-annual report, the private equity fund owned by private equity tycoon Lin Yuan appeared among the top ten shareholders of Pien Tze Huang with a shareholding ratio of 0.64%. As of the end of June 2020, its three private equity funds held a total of 8.837 million shares of Pien Tze Huang.</p><p>However, in the third quarter of 2020, the news that \"Linyuan reduced its holdings of Pien Tze Huang\" came out. As of the first quarter of 2021, Linyuan's three private equity funds were no longer among the top ten shareholders.</p><p>On June 9, 2021, Lin Yuan sent representatives to attend the Pien Tze Huang shareholders' meeting. At the meeting, it was stated, \"I have invested in Pien Tze Huang stocks since 2005, and so far no share has been sold.\" Lin Yuan had previously said that he only split his positions.</p><p>Lin Yuan also sent a warm thank-you letter to Pien Tze Huang, which still expressed strong optimism:</p><p>\"Linyuan and Linyuan Investment have not sold a share since they bought Pien Tze Huang in 2005. Especially in my country's COVID-19 pandemic during the trade war, including this year, they have been investing heavily, adhering to long-termism, firmly optimistic about the Chinese medicine industry, and being bullish on China. Believe in the national destiny, believe that Pien Tze Huang is a great company. Believe in excellent management. I also wish the company well under the leadership of Mr. Pan. Climb the peak bravely and become China's business card and a luxury brand in the world! \"</p><p>Previously, on April 21, 2018, Lin Yuan even declared at the investment report meeting that Pien Tze Huang could be \"brought back to life\".</p><p>\"Recently I chose a Pien Tze Huang. It is also a pharmaceutical enterprise, which is from Fujian. There are two treasures in Zhangzhou, one is narcissus and the other is Pien Tze Huang. After the Fujian people die, the locals have to put this medicine in and try if they can survive.\"</p><p>Regarding this \"speculation\" of Pien Tze Huang, Lin Yuan even publicly stated that \"they will eventually sell the price of two bottles of Maotai.\"</p><p><img src=\"https://static.tigerbbs.com/a6602d2149a718945e18d3b0fdc92cfa\" tg-width=\"608\" tg-height=\"712\" referrerpolicy=\"no-referrer\">4、、<b>Can the price increase of Pien Tze Huang continue?</b></p><p>Can Pien Tze Huang really \"sell for the price of two bottles of Maotai\"?</p><p>On June 9, 2021, at the Pien Tze Huang shareholders' meeting, the company stated that it has always been more cautious in dealing with price increases and does not pursue excessive profits. I don't agree with everyone comparing the prices of Pien Tze Huang with Moutai. Maotai is a grain product and belongs to food; Pien Tze Huang is a drug. When it comes to the pricing and price increase of drugs, we must be more cautious and consider social responsibilities more. We cannot follow the market immediately.</p><p>In fact, as a medicine, Pien Tze Huang always faces medical price control. Under the general trend of centralized pharmaceutical procurement, it is impossible for any \"magic medicine\" to sell at sky-high prices.</p><p>On June 25, Pien Tze Huang responded to the recent phenomenon that its Pien Tze Huang lozenges are \"hard to find\" on the interactive platform, saying that the company's production and operation are in a normal state at present. In response to the recent market situation, the company has taken three measures to resolutely maintain market order.</p><p>Although the stock price has soared, judging from the financial report data in recent years, Pien Tze Huang's revenue growth rate in 2017 was the fastest, reaching 60.85%, but then the revenue growth rate began to decline year by year, and by 2020 it dropped to nearly five years. The lowest point of the year is only 13.78%.</p><p>However, Pien Tze Huang's net profit has always remained at a high level. After the price increase in 2020, the revenue growth rate dropped to the lowest level in five years, but the net profit growth rate was only 1 percentage point behind that in 2019.</p><p>In fact, Pien Tze Huang's research and development expenses account for a very low proportion. The company's research and development expenses from 2018 to 2020 were 100 million yuan, 119 million yuan, and 97.55 million yuan respectively, accounting for 2.12%, 2.09%, and 1.5% of operating income respectively.</p><p>Pien Tze Huang is an \"exclusive business\". Pien Tze Huang and Yunnan Baiyao are the only two national first-class protected varieties of traditional Chinese medicine. State secret formula medicinal materials. Therefore, Pien Tze Huang may not have much motivation for research and development, and it will not make mistakes without trial and error. It is safest to have ready-made ones for reference.</p><p><img src=\"https://static.tigerbbs.com/d5efd050b5584873992f4b1d5f5b5cfb\" tg-width=\"767\" tg-height=\"439\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/fPg__P2D5g2Ud8-8ZahI9Q\">智通财经APP</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3153c88188d79bb8182b93c4fdd43636","relate_stocks":{"600436":"片仔癀"},"source_url":"https://mp.weixin.qq.com/s/fPg__P2D5g2Ud8-8ZahI9Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186640720","content_text":"“抢购与炒作齐飞”，今日的神药片仔癀一如2020年的神酒贵州茅台。\n媒体报道，近日，因为消费者疯抢，大量线下门店的片仔癀已经缺货，在淘宝、京东等电商平台，片仔癀官方旗舰店的药品均已售罄。淘宝“片仔癀大药房旗舰店”客服表示，补货时间无法确定，建议先收藏商品。其他商家售卖的片仔癀单粒价格则高达千元。\n片仔癀的股价也一路水涨船高，从2020年初的100元飙升至目前的400元以上，6月25日，突破450元大关。\n1、囤积居奇？谁在抢购片仔癀？\n片仔癀是一种肝病用药，主要适用于热毒血瘀所致急慢性病毒性肝炎，同时具备医用和保健功能。简单地说，片仔癀有治疗脂肪肝、酒精肝的作用。\n自片仔癀上市以来，已经持续进行了19次提价。其中，2004年到2020年国内零售价一共提价9次，从325元的零售价提升到了590元，提升82%。\n片仔癀这波炒作是怎么来的呢？\n一种观点是，片仔癀稀缺。\n片仔癀真的稀缺吗？\n受疫情影响，去年开始，许多消费者对天然药材的需求增加，导致这两年天然麝香价格从每千克30万涨到40万元。片仔癀成分为牛黄、麝香、三七与蛇胆，光麝香就占到总成本的55%。\n有人认为，片仔癀原材料供应矛盾比往年更突出。作为稀缺品种，片仔癀供不应求，价格越炒越高，越高越炒，出现投资“羊群效应”。\n对于最近一次涨价原因，片仔癀在2020年1月发布公告称，鉴于主要原料及人工成本上涨等原因，公司决定自公告之日起，主导产品片仔癀锭剂国内市场零售价格从530元/粒上调到590元/粒，供应价格相应上调约40元/粒。\n然而，根据西南证券2021年2月7日发表的研报，目前片仔癀推进人工养麝，以弥补稀缺原料供给不足，陕西养殖基地养麝超1万头，推测年产超100公斤，麝香和牛黄均可满足3年的产能扩张。\n换言之，原材料的所谓稀缺是暂时的，并不支撑片仔癀的炒作。\n有黄牛炒作吗？\n4月底就有网友透露，片仔癀从2021年5月开始，正式进入限购政策，历史上最严限购令，当月凭个人身份证号码和处方，体验馆购买，一人一个月限购2粒，满足当月使用的用量，保证长期用药的客户不会断药。\n目前，多地片仔癀线下门店实行限购。需要留下电话号码和身份证号预约，甚至有线下门店要求消费者“搭配”购买，即想要买到片仔癀，还要购买其他的高价药品。\n分析师朱丹蓬表示， 片仔癀突然的紧俏，与炒作不无关系。在南方尤其是东南沿海地区，一些消费者认为片仔癀具有保健功效，而且常年价格居高不下，也因此让其有了一些礼品属性。\n一些投机者抢购片仔癀坐等涨价，再抛售之后赚取中间暴利。\n有上海的片仔癀线下门店告诉媒体，“这个药之前并没有很多人购买，两三个月前，突然有黄牛开始大批购买，店铺无奈开始限购，只对会员老顾客开放。”\n药品在与资本市场联动炒作吗？\n川财证券透露，或有游资参与片仔癀炒作。\n川财证券策略研究团队认为，突如其来的供需失衡背后难免存在有人恶意囤货，恶意炒作，甚至借机在证券市场上牟利。\n事实上，这样的炒作套路并不新鲜。今年6月，有微博认证为某资管公司总经理的用户透露，“某白酒企业邀请经销商每次进酒的时候，进等价的股票。最后股价翻了一倍，等于经销商零成本拿酒，酒还可以放好几年，慢慢卖都行。”\n2、公募基金踏空了片仔癀？\n与2020年，公募机构联手推高贵州茅台、五粮液等白酒龙头不同，这一次，吊诡的是，公募基金们可能完美踏空了“药中茅台”片仔癀。\nWind数据显示，2020年四季度末，持有片仔癀股数超过10万股的公募基金共有25家：共持有约2678.24万股，约占A股流通比例4.44%。其中不乏“顶流基金经理”葛兰、刘格菘、曲阳等人的身影。\n然而，在经历了春节之后白马股的大幅震荡之后，一季度的公开数据显示，前25家机构持股数量锐减为1002.12万股，减仓幅度超过六成，只占A股流通比例的1.65%。\n2020年底，共计有101家机构投资者持股，今年一季度末，机构投资者锐减至41家。\n2021年季度，片仔癀亦经历了股价调整，其中，2月18日至3月9日，股价从404元跌至239元，接近腰斩。\n从公开数据看，大部分公募基金在2021年1季度的调整中卖出了片仔癀。\n不过，片仔癀股价的主要上涨是在2021年2季度，在这个过程中，公募基金有没有“吃回头草”又加仓片仔癀呢？目前公募基金和上市公司的中报都尚未出炉，我们不得而知。\n2021年1季度，少数公募基金选择了坚守甚至加仓，汇添富价值精选A一股未卖继续持有150万股，而被业内称为“医药女神”的中欧葛兰则逆势大举增仓，去年四季度末还仅持有片仔癀27.28万股，而一季度末披露时已持221.49万股，足足增仓接近10倍之多，显示其对公司的强烈看好。与葛兰相同在一季度进行增仓的，还有新进的广发医疗保健（118.72万股）和社保一零一组合（104.13万股），而银华富裕主题在一季度也增仓119.98万股至274.98万股，位列第六大股东。\n3、林园是片仔癀背后的男人吗？\n2018年半年报中，私募大佬林园旗下的私募基金以0.64%的持股比例出现在了片仔癀十大股东中。截至2020年6月末，其旗下3只私募基金合计持有片仔癀股票883.7万股。\n不过，2020年第三季度传出“林园减持片仔癀”的新闻，截至2021年第一季度，林园的三支私募基金已不在十大股东之列。\n2021年6月9日，林园派了代表参加片仔癀股东大会，会上表示，“从2005年起投资片仔癀股票，至今一股未卖。”此前林园曾称，只是将持仓进行了拆分。\n林园还给片仔癀送上热情洋溢的感谢信，感谢信依然是表达强烈看好：\n“林园及林园投投资，从2005年买入片仔癀至今一股未卖。尤其在贸易战我国新冠疫情，包括今年一直在大力投入，坚持长期主义，坚定看好中医药行业，看多中国，相信国运，相信片仔癀是一家伟大的公司。相信卓越优秀的管理层。也祝愿公司在潘总的带领下。勇攀高峰成为中国的名片，成为世界的奢侈品牌！”\n此前，2018年4月21日，林园在投资报告会上甚至宣称片仔癀可以“起死回生”。\n“最近我选了一个片仔癀。也是一个药的企业，这是福建的。在漳州有两宝，一个是水仙，还有一个是片仔癀。福建人死了以后，当地人也要把这个药放进去，试试能不能活过来。”\n对于这次片仔癀的“爆炒”，林园更是公开表示“他们最终要卖到两瓶茅台的价格。”\n4、、片仔癀的涨价可否持续？\n片仔癀真的能“卖到两瓶茅台的价格吗”？\n2021年6月9日，片仔癀股东大会上，公司表示，对待涨价问题，向来都比较小心谨慎，不追求过度利润。不赞同大家拿片仔癀跟茅台的价格进行对比。茅台是粮食产品，属于食品；片仔癀是药品，药品的定价和涨价问题，要更加谨慎，更加考虑社会责任，无法马上随行就市。\n事实上，片仔癀作为药品，始终要面临医药价格管制。在医药集采的大趋势下，任何“神药”都不可能卖到天价。\n6月25日，片仔癀在互动平台回应近期其片仔癀锭剂“一粒难求”的现象，称目前公司生产经营均属于正常状态，针对近期市场情况，公司采取三方面措施，坚决维护市场秩序。\n虽然股价一飞冲天，但是，从近几年财报数据看，片仔癀在2017年的营收增速最快，达到了60.85%，但随后营收增速便开始逐年下降，到2020年下降至近五年最低点，仅有13.78%。\n不过，片仔癀的净利润始终保持较高的水平。2020年提价之后，营收增速下降至5年内最低，然时净利润增速与2019年相比，只差了1个百分点。\n事实上，片仔癀的研发费用占比很低。公司 2018 年至 2020 年研发费用分别为 1 亿元、1.19 亿元、9755 万元，占营业收入比例分别为 2.12%、2.09%、1.5%。\n片仔癀是一门“独家生意”。片仔癀与云南白药，是唯二两个国家一级中药保护品种。国家机密级别的配方药材。因此，片仔癀或许没有太强的研发动力，不试错并不会犯错。有现成可借鉴的最稳妥。","news_type":1,"symbols_score_info":{"600436":0.9}},"isVote":1,"tweetType":1,"viewCount":1775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122768697,"gmtCreate":1624633690919,"gmtModify":1703842391624,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122768697","repostId":"1119275851","repostType":4,"repost":{"id":"1119275851","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624615380,"share":"https://ttm.financial/m/news/1119275851?lang=en_US&edition=fundamental","pubTime":"2021-06-25 18:03","market":"hk","language":"zh","title":"Geely Automobile withdraws application for listing on the Science and Technology Innovation Board","url":"https://stock-news.laohu8.com/highlight/detail?id=1119275851","media":"老虎资讯综合","summary":"吉利汽车6月25日公告，旗下合资公司极氪智能科技控股有限公司董事会已决议为极氪智能科技可持续发展探索不同的外部融资方案。此外，因公司经营决策和战略调整，经公司董事会于2021年6月25日审议通过，决定","content":"<p>Geely Automobile announced on June 25 that the board of directors of its joint venture company Zeekr Intelligent Technology Holding Limited has decided to explore different external financing options for the sustainable development of Jikrypton Intelligent Technology. In addition, due to the company's business decisions and strategic adjustments, the company's board of directors reviewed and approved on June 25, 2021, and decided to withdraw the application for initial public offering of shares and listing on the Science and Technology Innovation Board.<img src=\"https://static.tigerbbs.com/8c4432da17aee14f9b81332daffd165a\" tg-width=\"831\" tg-height=\"730\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Geely Automobile withdraws application for listing on the Science and Technology Innovation Board</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeely Automobile withdraws application for listing on the Science and Technology Innovation Board\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-25 18:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Geely Automobile announced on June 25 that the board of directors of its joint venture company Zeekr Intelligent Technology Holding Limited has decided to explore different external financing options for the sustainable development of Jikrypton Intelligent Technology. In addition, due to the company's business decisions and strategic adjustments, the company's board of directors reviewed and approved on June 25, 2021, and decided to withdraw the application for initial public offering of shares and listing on the Science and Technology Innovation Board.<img src=\"https://static.tigerbbs.com/8c4432da17aee14f9b81332daffd165a\" tg-width=\"831\" tg-height=\"730\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5a4a0d90587b4a1f8e70e6ef9eb66019","relate_stocks":{"00175":"吉利汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119275851","content_text":"吉利汽车6月25日公告，旗下合资公司极氪智能科技控股有限公司董事会已决议为极氪智能科技可持续发展探索不同的外部融资方案。此外，因公司经营决策和战略调整，经公司董事会于2021年6月25日审议通过，决定撤回首次公开发行股票并在科创板上市的申请。","news_type":1,"symbols_score_info":{"00175":0.9}},"isVote":1,"tweetType":1,"viewCount":1895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126975775,"gmtCreate":1624543410697,"gmtModify":1703839902823,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126975775","repostId":"1144044065","repostType":4,"repost":{"id":"1144044065","kind":"news","pubTimestamp":1624532990,"share":"https://ttm.financial/m/news/1144044065?lang=en_US&edition=fundamental","pubTime":"2021-06-24 19:09","market":"hk","language":"zh","title":"China Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period, and it is difficult to return to normal in the short term","url":"https://stock-news.laohu8.com/highlight/detail?id=1144044065","media":"新浪财经","summary":"这次疫情至少是自第二次世界大战以来对全球经济、人类社会最大的一次冲击。","content":"<p>The 2021 Caixin Summer Summit was held in Beijing from June 23 to 25, 2021. Yu Xuejun, leader of the China Banking and Insurance Regulatory Commission, attended and delivered a speech.</p><p>Yu Xuejun said that the global economy is in a sensitive period of evolution and change, and it is difficult to return to normal in the short term.</p><p>He explained that, first of all, the complexity and sensitivity faced by the global economy this year were formed by the global outbreak and spread of the novel coronavirus pneumonia epidemic last year. \"This impact is too great.\" He quoted the United Nations report as saying that this is \"the worst contraction of the global economy since the Great Depression in 1930s, and the degree of contraction is 2.5 times that of the international financial crisis in 2009\". He added,</p><p>\"From our memory, this epidemic is at least the biggest impact on the global economy and human society since the Second World War.\" Last year, the global economy declined by 4.4% as a whole. Due to the good control of the epidemic situation in China, and the strong and effective resumption of work and production, China became the only country among the top ten economies in the world to achieve positive growth, with an annual economic growth of 2.3%. Yu Xuejun said,</p><p>\"This (growth) of 2.3% is very famous now. We watch TV and newspapers, including some foreign scholars, and they often mention 2.3%.\" Secondly, due to the rare impact of COVID-19 pandemic on the global economy, governments of all countries have generally implemented ultra-loose stimulating economic policies. From a historical comparison, these policies are unprecedented in strength, and they have played an important role in stabilizing the economy and maintaining social order in all countries, but at the same time, these ultra-loose policies have also brought many problems.</p><p>Third, the changes and influences of global geopolitics.</p><p>Yu Xuejun said that the key link in controlling the epidemic lies in the research and development and vaccination of vaccines. All countries hope to accomplish all their efforts in one battle. Now, the progress is rapid, far exceeding people's previous expectations. How it changes in the future depends on two factors. First, the effectiveness of the vaccine, including its validity period, has yet to be tested by time.</p><p>The second is the speed and complexity of Novel Coronavirus variation. \"In the past, we used to say a saying when doing banking supervision, 'Supervision is a race against risks'. Today, we borrow this saying, and we think that fighting against COVID-19 pandemic is actually a race against Novel Coronavirus's mutation.\" He said, on the whole, the situation of mankind's fight against COVID-19 pandemic has become bright, and now it generally seems to be dominated by optimism, and I believe that the negative impact on the economy will gradually weaken.</p><p>Talking about where the ultra-loose stimulus policy will go, Yu Xuejun analyzed the situation in the United States.</p><p>During the Trump administration last year, after novel coronavirus pneumonia was widely contagious in the United States, the Federal Reserve lowered the Federal Reserve interest rate from 1.5%-1.75% to 0% to 0.25% in mid-March, the so-called \"zero interest rate\". At the end of the year, the Federal Reserve stepped up its QE policy, increasing its bond purchases to US $120 billion per month starting from December.</p><p>After President Biden took office, he further increased fiscal stimulus policies, the most representative of which is the US $1.9 trillion COVID-19 relief bill passed in April this year. In addition, he also proposed a revival plan for infrastructure investment. At the beginning, the scale was 2.25 trillion, which has been reduced recently and is estimated to be about 1 trillion US dollars.</p><p>Since last year, the Federal Reserve has implemented an ultra-loose monetary policy, which has greatly increased its balance sheet, which has increased sharply from about 4 trillion US dollars at the initial stage to 7.5 trillion US dollars at the end of the year, and reached about 8 trillion US dollars latest. This has caused the global dollar liquidity to continue to expand, and caused the prices of primary commodities to rise sharply, including the rare price increase of food, which has led to global concerns about inflation.</p><p>Yu Xuejun believes that with the improvement of the anti-epidemic situation in the United States, the U.S. economy has rebounded strongly under the cumulative effect of ultra-loose monetary stimulus policies. According to the latest OECD medium-term economic outlook, the U.S. economy will grow by 6.9% this year, 0.4 percentage points higher than the previous forecast.</p><p>In response to these new changes, the Federal Reserve has begun to release hawkish signals at its latest interest rate meeting in June, and the market expects the Federal Reserve's rate hike to be advanced by one year to the second half of 2022. In addition, inflation expectations have also been significantly raised. It is expected that the PCE and personal consumption expenditure price index in the United States will rise to 3.4% in 2021, an increase of 1 percentage point from the March forecast. Yu Xuejun said,</p><p>\"We are in such a window period when macro-control policies may be adjusted and changed at any time, so the market performance is extremely sensitive. A piece of information and a wording from the Federal Reserve may cause huge fluctuations in the market. Now grain, iron ore, oil, gold, and exchange rates rise and fall almost every day, with different changes and no consistent direction. We are in such a sensitive period.\" Why is it difficult to return to short-term normality? He gave two reasons:</p><p>First, the impact of COVID-19 pandemic is too great, and the epidemic control is still unpredictable. In addition, after the epidemic is controlled, its significant impact on human society, especially its impact on economic activities, also needs time to be evaluated.</p><p>Second, the ultra-loose stimulus policies of various countries have had a significant impact. The withdrawal of these policies requires a long process, and it is difficult to recover. In particular, the base money put out by the Federal Reserve is difficult to recover in the short term, and it may become a piece of history forever. preserve.</p><p>\"After the financial crisis in the United States in 2008, the Federal Reserve implemented quantitative easing's monetary policy. Before that, the balance sheet of the Federal Reserve was less than 900 billion US dollars. Later, it increased to a maximum of 4.5 trillion US dollars, and now it has increased to 8 trillion US dollars. Calculated in this way,<b>Ultimately, the Fed's balance sheet is expected to be more than 10 times higher than before the 2008 financial crisis</b>, these large amounts of US dollar liquidity have been invested around the world, which has a huge impact on the global economic and financial markets, especially the next impact on inflation. I think it will be difficult to eliminate in the short term and accurately assess it. \"</p>","source":"XLCJ","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period, and it is difficult to return to normal in the short term</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period, and it is difficult to return to normal in the short term\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-06-24 19:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The 2021 Caixin Summer Summit was held in Beijing from June 23 to 25, 2021. Yu Xuejun, leader of the China Banking and Insurance Regulatory Commission, attended and delivered a speech.</p><p>Yu Xuejun said that the global economy is in a sensitive period of evolution and change, and it is difficult to return to normal in the short term.</p><p>He explained that, first of all, the complexity and sensitivity faced by the global economy this year were formed by the global outbreak and spread of the novel coronavirus pneumonia epidemic last year. \"This impact is too great.\" He quoted the United Nations report as saying that this is \"the worst contraction of the global economy since the Great Depression in 1930s, and the degree of contraction is 2.5 times that of the international financial crisis in 2009\". He added,</p><p>\"From our memory, this epidemic is at least the biggest impact on the global economy and human society since the Second World War.\" Last year, the global economy declined by 4.4% as a whole. Due to the good control of the epidemic situation in China, and the strong and effective resumption of work and production, China became the only country among the top ten economies in the world to achieve positive growth, with an annual economic growth of 2.3%. Yu Xuejun said,</p><p>\"This (growth) of 2.3% is very famous now. We watch TV and newspapers, including some foreign scholars, and they often mention 2.3%.\" Secondly, due to the rare impact of COVID-19 pandemic on the global economy, governments of all countries have generally implemented ultra-loose stimulating economic policies. From a historical comparison, these policies are unprecedented in strength, and they have played an important role in stabilizing the economy and maintaining social order in all countries, but at the same time, these ultra-loose policies have also brought many problems.</p><p>Third, the changes and influences of global geopolitics.</p><p>Yu Xuejun said that the key link in controlling the epidemic lies in the research and development and vaccination of vaccines. All countries hope to accomplish all their efforts in one battle. Now, the progress is rapid, far exceeding people's previous expectations. How it changes in the future depends on two factors. First, the effectiveness of the vaccine, including its validity period, has yet to be tested by time.</p><p>The second is the speed and complexity of Novel Coronavirus variation. \"In the past, we used to say a saying when doing banking supervision, 'Supervision is a race against risks'. Today, we borrow this saying, and we think that fighting against COVID-19 pandemic is actually a race against Novel Coronavirus's mutation.\" He said, on the whole, the situation of mankind's fight against COVID-19 pandemic has become bright, and now it generally seems to be dominated by optimism, and I believe that the negative impact on the economy will gradually weaken.</p><p>Talking about where the ultra-loose stimulus policy will go, Yu Xuejun analyzed the situation in the United States.</p><p>During the Trump administration last year, after novel coronavirus pneumonia was widely contagious in the United States, the Federal Reserve lowered the Federal Reserve interest rate from 1.5%-1.75% to 0% to 0.25% in mid-March, the so-called \"zero interest rate\". At the end of the year, the Federal Reserve stepped up its QE policy, increasing its bond purchases to US $120 billion per month starting from December.</p><p>After President Biden took office, he further increased fiscal stimulus policies, the most representative of which is the US $1.9 trillion COVID-19 relief bill passed in April this year. In addition, he also proposed a revival plan for infrastructure investment. At the beginning, the scale was 2.25 trillion, which has been reduced recently and is estimated to be about 1 trillion US dollars.</p><p>Since last year, the Federal Reserve has implemented an ultra-loose monetary policy, which has greatly increased its balance sheet, which has increased sharply from about 4 trillion US dollars at the initial stage to 7.5 trillion US dollars at the end of the year, and reached about 8 trillion US dollars latest. This has caused the global dollar liquidity to continue to expand, and caused the prices of primary commodities to rise sharply, including the rare price increase of food, which has led to global concerns about inflation.</p><p>Yu Xuejun believes that with the improvement of the anti-epidemic situation in the United States, the U.S. economy has rebounded strongly under the cumulative effect of ultra-loose monetary stimulus policies. According to the latest OECD medium-term economic outlook, the U.S. economy will grow by 6.9% this year, 0.4 percentage points higher than the previous forecast.</p><p>In response to these new changes, the Federal Reserve has begun to release hawkish signals at its latest interest rate meeting in June, and the market expects the Federal Reserve's rate hike to be advanced by one year to the second half of 2022. In addition, inflation expectations have also been significantly raised. It is expected that the PCE and personal consumption expenditure price index in the United States will rise to 3.4% in 2021, an increase of 1 percentage point from the March forecast. Yu Xuejun said,</p><p>\"We are in such a window period when macro-control policies may be adjusted and changed at any time, so the market performance is extremely sensitive. A piece of information and a wording from the Federal Reserve may cause huge fluctuations in the market. Now grain, iron ore, oil, gold, and exchange rates rise and fall almost every day, with different changes and no consistent direction. We are in such a sensitive period.\" Why is it difficult to return to short-term normality? He gave two reasons:</p><p>First, the impact of COVID-19 pandemic is too great, and the epidemic control is still unpredictable. In addition, after the epidemic is controlled, its significant impact on human society, especially its impact on economic activities, also needs time to be evaluated.</p><p>Second, the ultra-loose stimulus policies of various countries have had a significant impact. The withdrawal of these policies requires a long process, and it is difficult to recover. In particular, the base money put out by the Federal Reserve is difficult to recover in the short term, and it may become a piece of history forever. preserve.</p><p>\"After the financial crisis in the United States in 2008, the Federal Reserve implemented quantitative easing's monetary policy. Before that, the balance sheet of the Federal Reserve was less than 900 billion US dollars. Later, it increased to a maximum of 4.5 trillion US dollars, and now it has increased to 8 trillion US dollars. Calculated in this way,<b>Ultimately, the Fed's balance sheet is expected to be more than 10 times higher than before the 2008 financial crisis</b>, these large amounts of US dollar liquidity have been invested around the world, which has a huge impact on the global economic and financial markets, especially the next impact on inflation. I think it will be difficult to eliminate in the short term and accurately assess it. \"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.cn/hy/2021-06-24/detail-ikqciyzk1510511.d.html?from=wap\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f0777ffe79222b2a04c15407e205bed9","relate_stocks":{"000001.SH":"上证指数",".DJI":"道琼斯"},"source_url":"https://finance.sina.cn/hy/2021-06-24/detail-ikqciyzk1510511.d.html?from=wap","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144044065","content_text":"2021财新夏季峰会于2021年6月23-25日在北京举办，中国银行保险监督管理委员会领导于学军出席并演讲。\n于学军表示，全球经济正处于演进变化的敏感时期，短期内难以回归常态。\n他解释称，首先，今年全球经济面临的复杂性和敏感性是受去年新冠肺炎疫情在全球的暴发、蔓延而形成的，“这个冲击太大了”。他引用联合国报告称这“是自上世纪30年代经济大萧条以来，全球经济最严重的收缩，收缩的程度是2009年国际金融危机的2.5倍”。他又说道，\n\n “从我们的记忆来说，这次疫情至少是自第二次世界大战以来对全球经济、人类社会最大的一次冲击。”\n\n去年全球经济总体下降4.4%，由于中国疫情控制得好，并且防疫和经济工作两手抓，复工复产有力有效，成为了全球前十大经济体中唯一实现正增长的国家，全年经济增长2.3%。于学军说，\n\n “这个（增长）2.3%，现在非常有名，我们看电视、报纸，包括国外的一些学者，他们也经常提起来2.3%。”\n\n第二，由于新冠疫情对全球经济形成的罕见冲击，所以各国政府普遍实行了超宽松的刺激性经济政策，历史比较来看，这些政策力度是空前的，在各国稳定经济和维护社会秩序等方面均发挥了重要作用，但与此同时这些超宽松的政策也带来许多问题。\n第三，全球地缘政治的变化和影响。\n于学军表示，控制疫情的关键环节在于疫苗的研发和接种，各国都希望可以毕其功于一役，现在看进展很快，远超出人们之前的预期。未来如何变化取决于两个因素，一是疫苗的有效性，包括有效期，尚有待时间检验。\n二是新冠病毒变异的速度和复杂性。“过去我们做银行监管常说的一句话，叫做‘监管就是与风险赛跑’，今天我们把这句话借用过来，我们认为抗击新冠疫情实际上也是与新冠病毒的变异赛跑”，他说，总体来看人类抗击新冠疫情的形势已现光明，现在普遍看起来是乐观情绪主导，相信对经济的负面影响也会逐步减弱。\n谈及超宽松的刺激性政策何去何从，于学军分析了美国的情况。\n去年在特朗普执政时期，新冠肺炎在美国大面积传染之后，美联储在3月中旬一次性将联邦储备利率由1.5%-1.75%调低为0%到0.25%，即所谓的“零利率”。年末美联储又加大QE政策，从12月起将其购债规模每月增加到1200亿美元。\n拜登总统上任之后，进一步加大财政的刺激性政策，最具代表性的就是于今年4月通过的1.9万亿美元的新冠纾困法案。另外，他还提出基建投资的复兴计划。开始拟定的是2.25万亿规模，最近有所压缩，预计约1万亿美元。\n去年开始美联储实行超宽松的货币政策，使其资产负债表大幅增加，已从初期的约4万亿美元陡增至年末的7.5万亿美元，最新大概达到8万亿美元。这使全球的美元流动性不断膨胀，并造成大宗初级商品的价格大幅上涨，包括粮食也出现罕见的涨价现象，全球对通胀的担忧由此产生。\n于学军认为，随着美国抗疫形势出现好转，在货币超宽松刺激政策累加的作用之下，美国经济出现强势反弹，最新据经合组织OECD中期经济展望预测，今年美国经济将增长6.9%，比之前的预测调高了0.4个百分点。\n针对这些新变化，美联储在6月最新的议息会议上已开始释放鹰派信号，市场预计美联储加息或提前一年至2022年下半年。另外通货膨胀预期也被大幅上调，预计2021年美国的PCE及个人消费支出价格指数将升到3.4%，较3月的预测值上调1个百分点。于学军称，\n\n “我们处于这样一个宏观调控政策有可能随时发生调整变化的窗口期，所以市场表现极为敏感，一个信息、美联储的一句措词都有可能引起市场的巨大波动。现在粮食、铁矿石、石油、黄金、汇率几乎每天都出现上涨、下跌，有不同的变化，没有一致的方向，处在这样的一个敏感期。”\n\n为什么短期常态难回归呢？他给出两个原因：\n一是新冠疫情的冲击太大，现在疫情控制仍然难以预料。另外，疫情控制之后其对人类社会产生的重大影响，尤其是对经济活动的影响，也需要一个时间进行评估。\n二是各国超宽松的刺激性政策形成了重大影响，这些政策的退出需要一个较长的过程，并且覆水难收，尤其是美联储投放出去的基础货币很难在短期收回，也许会成为一段历史永远保留下去。\n\n “2008年美国发生金融危机之后，美联储就实行了量化宽松的货币政策，这个之前美联储的资产负债表不到9000亿美元，后来最高增加到了4.5万亿美元，现在又增加到8万亿美元。这样计算下来，\n 预计最终美联储的资产负债表将比2008年金融危机之前提高10倍以上，这些大量的美元流动性投入到世界各地，对全球经济金融市场形成巨大影响，尤其是下一步对通货膨胀的影响，我认为短期内难以消除，也难以准确评估。”","news_type":1,"symbols_score_info":{".DJI":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126975929,"gmtCreate":1624543393761,"gmtModify":1703839901676,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126975929","repostId":"1121154040","repostType":4,"repost":{"id":"1121154040","kind":"news","pubTimestamp":1624539354,"share":"https://ttm.financial/m/news/1121154040?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:55","market":"us","language":"zh","title":"The Big Reveal: Windows 11 Strikes Tonight! What updates can we see","url":"https://stock-news.laohu8.com/highlight/detail?id=1121154040","media":"腾讯科技","summary":"被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。","content":"<p>At 11 pm on June 24th, Beijing time,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch conference will be held, which Microsoft CEO Nadella called the \"most important update\" of Windows in ten years.</p><p>Although Microsoft has not confirmed the upcoming new products on any public occasion, the major leak of the Windows 11 development version on June 16th made this matter less mysterious. Windows 11 will be the protagonist of tonight's press conference, and the most important update of Windows in the decade in Microsoft's mouth has been fully shown to us before the press conference.</p><p>But regarding this press conference, it can't be said that there is nothing to watch at all, and there are some details worthy of our attention.</p><p><b>How can Windows 11 improve touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people find that compared with the previous Windows 10, this so-called \"big version\" has made some design adjustments on the interface to make it more in line with Microsoft's Fluent Design design language, and there are no very obvious functional improvements.</p><p>Some users even gave it a Windows 10 skin positioning after experiencing the Windows 11 development version.</p><p>To a certain extent, Windows 11 is indeed not as good as when switching from Win8 to Win10 before, with huge design improvements. But in fact, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which has been cut off by Microsoft.</p><p>Including \"Start menu centering, same-screen multitasking layout\" and other functions that appear on the Windows 11 development version, they are all standard features of Windows 10X.</p><p>So the current leaked Windows 11 is more like an iterative version of the previous Windows 10X. However, since 10X is a product made by Microsoft for touch dual screens, what features Windows 11 will add to the system to support touch operations will become an important highlight at tonight's press conference.</p><p>Microsoft has confirmed that it is planning to \"innovate and develop exciting sensor technologies\" for future Windows versions. Popular features such as \"user presence detection\", gesture detection, and ambient light will be improved as part of Windows 11 or an upcoming Windows update to \"enable a dazzling user experience on Windows\".</p><p>This means that Microsoft hopes to achieve the integration of desktop and mobile terminals through the new Windows 11. Although Microsoft's current mobile phone project is basically in a semi-abandoned state, Surface still needs touch operation to achieve an excellent experience in more usage scenarios. Therefore, Windows 11's improvements in touch and gestures are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although the presence of MacOS's App Store is not strong, in comparison, the App Store currently provided by Windows 10 is more tasteless.</p><p>However, this matter may be greatly improved on Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand-new app store, which is more inclusive and free. Microsoft plans to introduce more developers into the new app store, such as apps like Chorme or Firefox, which can be downloaded from the Microsoft app store in the future.</p><p>Another major improvement will be the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and implement in-App payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this happens at tonight's press conference, after all, Microsoft is now uniting with Epic to boycott<a href=\"https://laohu8.com/S/AAPL\">Apple</a>App Store's high \"Apple tax\". This move may affect the reshuffle of the charging methods of application services by big companies such as Microsoft, Apple and Google in the next few years.</p><p>Microsoft also recently announced that it will reduce the purchase commission of games on its own App Store from the previous 30% to 12%. This substantial discount has put pressure on app stores like Steam.</p><p><b>Windows 11 will focus on improving the experience of professional users?</b></p><p>As the largest desktop operating system in the world, Windows's professional ability has been ignored by many people. In this Windows 11 development version, we actually saw Microsoft's optimization and improvement for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display mode of switching between multiple desktops, and at the same time, the support for multiple monitors is even better, which to a certain extent solves the problems accumulated by high-end users in multitasking for many years.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>At the same time, Windows 11 has also focused on improving the experience of game users. On this brand new set of operating systems, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social portion of the Xbox network, and the Xbox Store.</p><p>At the same time, Windows 11 has also been tested on XBox. We also hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display function, or faster game loading speed, etc., to improve the PC gaming experience at one time.</p><p><b>Free Upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we would most like to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 10 from Windows 7/8, it adopted a free upgrade method, and all users can upgrade the corresponding Win10 version. We hope that the free thing will still appear on Windows 11.</p><p>The market has successfully told Microsoft that it is meaningless to collect money from users to upgrade the system. As an operating system development company, Microsoft's software revenue needs to come from OEM licenses and commercial licenses. Therefore, it is very likely that Win11 will still adopt the previous free upgrade method of Win10.</p><p>Although Microsoft Windows 11 has stolen away, in fact, Microsoft has left us a lot of suspense. At 23:00 on June 24th, Beijing time, when Microsoft officially holds a new product launch conference, these answers may be revealed.</p>","source":"lsy1580517846866","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Big Reveal: Windows 11 Strikes Tonight! What updates can we see</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Big Reveal: Windows 11 Strikes Tonight! What updates can we see\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-24 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At 11 pm on June 24th, Beijing time,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch conference will be held, which Microsoft CEO Nadella called the \"most important update\" of Windows in ten years.</p><p>Although Microsoft has not confirmed the upcoming new products on any public occasion, the major leak of the Windows 11 development version on June 16th made this matter less mysterious. Windows 11 will be the protagonist of tonight's press conference, and the most important update of Windows in the decade in Microsoft's mouth has been fully shown to us before the press conference.</p><p>But regarding this press conference, it can't be said that there is nothing to watch at all, and there are some details worthy of our attention.</p><p><b>How can Windows 11 improve touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people find that compared with the previous Windows 10, this so-called \"big version\" has made some design adjustments on the interface to make it more in line with Microsoft's Fluent Design design language, and there are no very obvious functional improvements.</p><p>Some users even gave it a Windows 10 skin positioning after experiencing the Windows 11 development version.</p><p>To a certain extent, Windows 11 is indeed not as good as when switching from Win8 to Win10 before, with huge design improvements. But in fact, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which has been cut off by Microsoft.</p><p>Including \"Start menu centering, same-screen multitasking layout\" and other functions that appear on the Windows 11 development version, they are all standard features of Windows 10X.</p><p>So the current leaked Windows 11 is more like an iterative version of the previous Windows 10X. However, since 10X is a product made by Microsoft for touch dual screens, what features Windows 11 will add to the system to support touch operations will become an important highlight at tonight's press conference.</p><p>Microsoft has confirmed that it is planning to \"innovate and develop exciting sensor technologies\" for future Windows versions. Popular features such as \"user presence detection\", gesture detection, and ambient light will be improved as part of Windows 11 or an upcoming Windows update to \"enable a dazzling user experience on Windows\".</p><p>This means that Microsoft hopes to achieve the integration of desktop and mobile terminals through the new Windows 11. Although Microsoft's current mobile phone project is basically in a semi-abandoned state, Surface still needs touch operation to achieve an excellent experience in more usage scenarios. Therefore, Windows 11's improvements in touch and gestures are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although the presence of MacOS's App Store is not strong, in comparison, the App Store currently provided by Windows 10 is more tasteless.</p><p>However, this matter may be greatly improved on Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand-new app store, which is more inclusive and free. Microsoft plans to introduce more developers into the new app store, such as apps like Chorme or Firefox, which can be downloaded from the Microsoft app store in the future.</p><p>Another major improvement will be the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and implement in-App payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this happens at tonight's press conference, after all, Microsoft is now uniting with Epic to boycott<a href=\"https://laohu8.com/S/AAPL\">Apple</a>App Store's high \"Apple tax\". This move may affect the reshuffle of the charging methods of application services by big companies such as Microsoft, Apple and Google in the next few years.</p><p>Microsoft also recently announced that it will reduce the purchase commission of games on its own App Store from the previous 30% to 12%. This substantial discount has put pressure on app stores like Steam.</p><p><b>Windows 11 will focus on improving the experience of professional users?</b></p><p>As the largest desktop operating system in the world, Windows's professional ability has been ignored by many people. In this Windows 11 development version, we actually saw Microsoft's optimization and improvement for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display mode of switching between multiple desktops, and at the same time, the support for multiple monitors is even better, which to a certain extent solves the problems accumulated by high-end users in multitasking for many years.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>At the same time, Windows 11 has also focused on improving the experience of game users. On this brand new set of operating systems, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social portion of the Xbox network, and the Xbox Store.</p><p>At the same time, Windows 11 has also been tested on XBox. We also hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display function, or faster game loading speed, etc., to improve the PC gaming experience at one time.</p><p><b>Free Upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we would most like to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 10 from Windows 7/8, it adopted a free upgrade method, and all users can upgrade the corresponding Win10 version. We hope that the free thing will still appear on Windows 11.</p><p>The market has successfully told Microsoft that it is meaningless to collect money from users to upgrade the system. As an operating system development company, Microsoft's software revenue needs to come from OEM licenses and commercial licenses. Therefore, it is very likely that Win11 will still adopt the previous free upgrade method of Win10.</p><p>Although Microsoft Windows 11 has stolen away, in fact, Microsoft has left us a lot of suspense. At 23:00 on June 24th, Beijing time, when Microsoft officially holds a new product launch conference, these answers may be revealed.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a04bf2da8ab76e823e11aa8e2f8fa5a2","relate_stocks":{"MSFT":"微软"},"source_url":"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121154040","content_text":"北京时间6月24日晚11点，微软将召开一场新品发布会，被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。\n尽管微软并没有在任何的公开场合确认过即将发布的新品，但因为6月16日Windows 11开发版本的重大泄露，让这件事变得没有那么神秘了。Windows 11将会成为今晚发布会的主角，而微软口中Windows十年最重要的更新，也已经在发布会之前就全方位的展示给我们了。\n但关于这场发布会，也不能说完全没有看点，其中还有一些细节值得我们关注。\nWindows 11在触摸和手势上能有何改善？\n\n很多人在体验过Windows 11的开发版本之后，发现这个所谓的“大版本”和之前的Windows 10相比，除了在界面上进行了一些设计调整，让它更贴合微软Fluent Design设计语言外，并让没有非常明显的功能性改进。\n甚至有的用户在体验完Windows 11开发版之后，给它了一个Windows 10皮肤的定位。\n从一定程度上讲，Windows 11确实不如之前从Win8转Win10时，设计改进巨大。但实际上如果你了解之前微软在Windows上的设计演进外，你会发现当下这个版本Windows 11实际上和已经被微软砍掉的Windows 10X有着极为相似的设计。\n包括“开始菜单居中、同屏多任务布局”等等在Windows 11开发版上出现的功能，原来都是Windows 10X的标配。\n所以目前泄露的Windows 11，更像是之前Windows 10X的迭代版本。但由于10X是微软为触摸双屏幕打造的产品，因此Windows 11将会在系统上增加哪些支持触摸操作的特性，将会成为今晚发布会上重要的看点。\n微软方面已经确认，正计划为未来的Windows版本 “创新和开发令人兴奋的传感器技术”。作为Windows 11或即将到来的Windows更新的一部分，“用户存在检测”、手势检测和环境光等流行功能将得到改进，以 “实现Windows上令人眼花缭乱的用户体验”。\n这意味着微软希望通过新的Windows 11来实现桌面和移动端的融合，尽管微软目前的手机项目基本上处于半放弃状态，但Surface依然需要触摸操作来实现在更多使用场景下的出色体验，因此Windows 11在触摸和手势上的改进，非常重要。\n全新的Windows App Store？\n\n尽管MacOS的App Store存在感也不强，但是相比之下，Windows 10目前提供的应用商店显得更加鸡肋。\n不过这件事可能会在今晚到来的Windows 11上大为改善。\n据媒体报道，微软一直在开发一个全新的应用商店，它更加的海纳百川也更加的自由。微软计划在新的应用商店中引入更多的开发者，比如Chorme或者Firefox这样的应用，未来都可以在微软应用商店进行下载。\n另外一个重大的改进，将会是支付机制上。微软或许将在新的应用商店中允许开发者绕过微软的支付机制，通过第三方的支付机制实现App内付款，以换得减免15%的微软抽成。\n如果这件事在今天晚上的发布会上成真，请别惊讶，毕竟微软现在正和Epic统一战线，以抵制苹果App Store高昂的“苹果税”。此举可能会影响到未来几年内，微软、苹果、Google这样的大公司，在应用服务上的收费方式重新洗牌。\n微软最近也宣布了将自家App Store中上架游戏的购买抽成从之前的30%降到12%，这大幅的优惠，让Steam这样的应用商店倍感压力。\nWindows 11将重点提升专业用户的使用感受？\nWindows作为全球最大的桌面操作系统，其专业能力其实一直被很多人忽视。而在此次Windows 11开发版中，我们其实看到了微软对于一些专业用户的优化改进。\n微软在新的Windows 11中，改善了多桌面之间切换的显示方式，同时对于多显示器的支持，也更加的出色，这从一定程度上解决了高端用户对于多任务处理上，多年积累的问题。\n\n同时Windows 11也更专注的改善了游戏用户的体验。在这套全新的操作系统上，新的Xbox应用程序现已集成到Windows 11中，提供对Xbox Game Pass游戏、Xbox网络的社交部分和Xbox商店的快速访问。\n同时目前Windows 11也已经在XBox上进行了测试，我们也希望看到更多XBox的功能被纳入到桌面端来，比如提供自动HDR显示功能，或者是更快的游戏加载速度等等，一次提升PC在游戏方面的体验。\n免费升级？\n\n是的，这是我们最希望在Windows 11上看到的。\n微软之前在Windows 7/8升级Windows 10时，采用了免费升级的方式，所有用户都可以升级对应的Win10版本。我们希望免费这件事，依然会出现在Windows 11上。\n市场已经成功的告诉微软，从用户手里收钱升级系统这件事是没有意义的，微软作为一家操作系统开发公司，更多软件的收入要来自OEM授权和商业许可。因此很有可能Win11依然会采用之前Win10免费升级的方式。\n尽管微软Windows 11已经偷跑，但实际上微软还是留下了不少悬念给我们。北京时间6月24日23点，微软正式召开新品发布会之时，这些答案可能会被揭开。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321716430,"gmtCreate":1615470086420,"gmtModify":1704783190476,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321716430","repostId":"1136225097","repostType":4,"repost":{"id":"1136225097","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615192483,"share":"https://ttm.financial/m/news/1136225097?lang=en_US&edition=fundamental","pubTime":"2021-03-08 16:34","market":"sh","language":"zh","title":"U.S. stocks will enter daylight saving time starting from March 14, and the opening and closing will be one hour earlier","url":"https://stock-news.laohu8.com/highlight/detail?id=1136225097","media":"老虎资讯综合","summary":"美东时间3月14日2:00（北京时间3月14日起），北美地区开始实行夏令时，美股市场开盘和收盘均将提前一小时，至美东时间2021年11月7日结束。即美股交易时间更改为北京时间21:30至次日凌晨04:","content":"<p>At 2:00 Eastern Time on March 14 (starting from March 14, Beijing time), North America will begin to implement daylight saving time, and the opening and closing of the U.S. stock market will be one hour earlier, ending on November 7, 2021 Eastern Time.</p><p>That is, the trading hours of U.S. stocks are changed to 21:30 Beijing time to 04:00 the next morning, the pre-hours trading hours are 16:00 to 21:30, and the after-hours trading hours are 04:00 to 08:00. March 15 is the first trading day for U.S. stocks after entering daylight saving time.</p><p>Winter time in Europe will officially end on March 28th, Beijing time, and switch to daylight saving time.</p><p><b>Background Addition:</b></p><p>Daylight saving time, also known as Daylight saving time and Summer time, is a system that artificially prescribes regional time to save energy. The uniform time adopted during the implementation of this system is called \"daylight saving time\". Generally, in summer when dawn is early, the time is artificially advanced by one hour, which can make people get up early and go to bed early to reduce the amount of lighting, so as to make full use of sunlight and save electricity.</p><p>It is understood that the \"daylight saving time\" in the United States originated in 1918, when the United States first implemented daylight saving time when it participated in the First World War, but it was cancelled immediately after the war and restored again in 1966.</p><p>The implementation of daylight time in the United States is entirely decided by each state and county, and is not uniformly stipulated by the federal government. At present, most parts of the United States implement daylight saving time. Areas in the United States that do not implement daylight saving time include: most parts of Arizona, but a small part of the northeast of the state uses daylight saving time; State of Hawaii; Puerto Rico and the Virgin Islands; American Samoa, Guam and the Northern Mariana Islands.<img src=\"https://static.tigerbbs.com/2b3c5afcedf9e4a595b7e8bdffd98507\" tg-width=\"1920\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks will enter daylight saving time starting from March 14, and the opening and closing will be one hour earlier</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks will enter daylight saving time starting from March 14, and the opening and closing will be one hour earlier\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-08 16:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>At 2:00 Eastern Time on March 14 (starting from March 14, Beijing time), North America will begin to implement daylight saving time, and the opening and closing of the U.S. stock market will be one hour earlier, ending on November 7, 2021 Eastern Time.</p><p>That is, the trading hours of U.S. stocks are changed to 21:30 Beijing time to 04:00 the next morning, the pre-hours trading hours are 16:00 to 21:30, and the after-hours trading hours are 04:00 to 08:00. March 15 is the first trading day for U.S. stocks after entering daylight saving time.</p><p>Winter time in Europe will officially end on March 28th, Beijing time, and switch to daylight saving time.</p><p><b>Background Addition:</b></p><p>Daylight saving time, also known as Daylight saving time and Summer time, is a system that artificially prescribes regional time to save energy. The uniform time adopted during the implementation of this system is called \"daylight saving time\". Generally, in summer when dawn is early, the time is artificially advanced by one hour, which can make people get up early and go to bed early to reduce the amount of lighting, so as to make full use of sunlight and save electricity.</p><p>It is understood that the \"daylight saving time\" in the United States originated in 1918, when the United States first implemented daylight saving time when it participated in the First World War, but it was cancelled immediately after the war and restored again in 1966.</p><p>The implementation of daylight time in the United States is entirely decided by each state and county, and is not uniformly stipulated by the federal government. At present, most parts of the United States implement daylight saving time. Areas in the United States that do not implement daylight saving time include: most parts of Arizona, but a small part of the northeast of the state uses daylight saving time; State of Hawaii; Puerto Rico and the Virgin Islands; American Samoa, Guam and the Northern Mariana Islands.<img src=\"https://static.tigerbbs.com/2b3c5afcedf9e4a595b7e8bdffd98507\" tg-width=\"1920\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2b3c5afcedf9e4a595b7e8bdffd98507","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136225097","content_text":"美东时间3月14日2:00（北京时间3月14日起），北美地区开始实行夏令时，美股市场开盘和收盘均将提前一小时，至美东时间2021年11月7日结束。即美股交易时间更改为北京时间21:30至次日凌晨04:00，盘前交易时间为16:00至21:30，盘后交易时间为04:00至08:00。3月15日为进入夏令时后美股首个交易日。欧洲地区的冬令时时间将会在北京时间 3月28日正式结束，转为夏令时时间。背景补充：夏时制，又称日光节约时制（英语：Daylight saving time）和夏令时间（英语：Summer time），是一种为节约能源而人为规定地区时间的制度。该制度实行期间所采用的统一时间称为“夏令时”。一般在天亮早的夏季人为将时间提前1小时，这样可使人早起早睡减少照明量，以充分利用日光节约用电。据了解，美国“夏令时”起源于1918年，当时的美国在参加第一次世界大战时首次实行夏时制，但战后立即取消，与1966年再次恢复。美国夏时制的实行与否，完全由各州、各县自行决定，不由联邦政府统一规定。目前美国绝大部分地区实行夏令时，美国不实行夏令时的地区包括：亚利桑那州大部分地区，但该州东北的一小部分使用夏令时；夏威夷州；波多黎各和维京群岛；美属萨摩亚、关岛和北马里亚纳群岛。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389015656,"gmtCreate":1612620509175,"gmtModify":1704873247449,"author":{"id":"3569896467959373","authorId":"3569896467959373","name":"Kaslim","avatar":"https://static.tigerbbs.com/f82c85a933438b27edc2f005ba118976","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569896467959373","idStr":"3569896467959373"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389015656","repostId":"1157800725","repostType":4,"repost":{"id":"1157800725","kind":"news","pubTimestamp":1612573220,"share":"https://ttm.financial/m/news/1157800725?lang=en_US&edition=fundamental","pubTime":"2021-02-06 09:00","market":"us","language":"zh","title":"Ruixing Coffee filed for bankruptcy protection. Is it protecting the company or investors?","url":"https://stock-news.laohu8.com/highlight/detail?id=1157800725","media":"第一财经","summary":"2月5日，瑞幸咖啡（LKNCY.O）在公司官网发布了公司正申请破产保护的公告。该公告称，公司根据《破产法》第11篇第15章（Chapter 15 Petition）向美国纽约南区破产法院提出申请。目前","content":"<p><div>On February 5, Luckin Coffee (LKNCY.O) announced on the company's official website that the company is filing for bankruptcy protection. The announcement stated that the company filed an application with the U.S. Bankruptcy Court for the Southern District of New York in accordance with Chapter 15 Petition of Title 11 of the Bankruptcy Code. At present, the company is negotiating with its stakeholders on the company's financial restructuring. By strengthening the company's balance sheet, the company can continue to operate while benefiting all stakeholders. Luckin Coffee said that all of the company's stores are currently open to provide its customers in China with high-quality, affordable and...</p><p><a href=\"https://www.yicai.com/news/100942873.html\">Web link</a></div></p>","source":"dyvj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ruixing Coffee filed for bankruptcy protection. Is it protecting the company or investors?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRuixing Coffee filed for bankruptcy protection. Is it protecting the company or investors?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2021-02-06 09:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>On February 5, Luckin Coffee (LKNCY.O) announced on the company's official website that the company is filing for bankruptcy protection. The announcement stated that the company filed an application with the U.S. Bankruptcy Court for the Southern District of New York in accordance with Chapter 15 Petition of Title 11 of the Bankruptcy Code. At present, the company is negotiating with its stakeholders on the company's financial restructuring. By strengthening the company's balance sheet, the company can continue to operate while benefiting all stakeholders. Luckin Coffee said that all of the company's stores are currently open to provide its customers in China with high-quality, affordable and...</p><p><a href=\"https://www.yicai.com/news/100942873.html\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.yicai.com/news/100942873.html\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/324e43c6c2694249d5fc03a098a94f36","relate_stocks":{},"source_url":"https://www.yicai.com/news/100942873.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157800725","content_text":"2月5日，瑞幸咖啡（LKNCY.O）在公司官网发布了公司正申请破产保护的公告。该公告称，公司根据《破产法》第11篇第15章（Chapter 15 Petition）向美国纽约南区破产法院提出申请。目前公司正在与其利益相关者就公司财务重组进行谈判，通过加强公司的资产负债表，使公司能够继续经营，同时为所有利益相关者谋利益。瑞幸咖啡表示，目前公司所有门店均保持营业，为其在中国的客户提供高质量、经济实惠和方便的产品。第15章请愿书的提交预计不会对公司的日常运营产生重大影响。公司将继续在正常业务过程中履行其贸易义务，包括向供应商、供应商和员工付款。大约一年前，一份长达89页的做空报告令瑞幸咖啡股价涨势戛然而止。2020年4月2日，瑞幸咖啡提交给SEC的文件显示，公司董事会成立的专门委员会经过调查初步明确，2019年第二季度到2019年第四季度期间，瑞幸咖啡与虚假交易相关的总销售金额约为22亿元人民币，整个市场哗然，瑞幸咖啡股价接连闪崩。6月29日，瑞幸咖啡正式在纳斯达克交易所停止交易，进入退市程序，从上市到退市不足一年半。2020年底，SEC对瑞幸咖啡发起诉状，称其在公开披露的2019年财务报表中，故意并实质性地夸大了收入和费用，低估其净亏损。此外，在2019年4月到2020年1月期间，瑞幸咖啡从债券和股票投资者那里至少筹集了逾8.64亿美元。在不承认或否认这些指控的情况下，瑞幸咖啡已同意在法庭批准的情况下达成和解，包括永久性禁令和1.8亿美元的罚款。与SEC的诉讼和解之后，瑞幸咖啡还欠投资者一个交代，至少面临投资者的证券集体诉讼（民事诉讼）和美国司法部针对高管的指控（刑事诉讼）。集体诉讼开启后，某些集体成员也有几率选择退出集体诉讼，并单独发起诉讼。瑞幸咖啡的民事诉讼已在进行当中，诉讼程序可能需要至少2~3年，而刑事案件的事件可能会更长。或许是不堪重负，瑞幸咖啡终于提出破产申请。2月5日午后，瑞幸咖啡在其官方微博上称，申请破产保护是错误的理解，“其实这是一个好消息，让瑞幸重生之路又进一步！”瑞幸咖啡表示，作为公司重组的重要步骤，也是开曼程序下常见做法，临时清盘人向美国法院提起程序，寻求美国法院对于公司目前在开曼进行的临时清盘程序的认可。该程序将会暂停美国境内针对公司的诉讼程序，为完成开曼重组创造条件并有序完成重组。值得注意的是，记者查阅过往著名公司的破产申请案例发现，与此次瑞幸不同的是，大多依照的是Chapter 7或11。一位曾经多次参与美国公司破产清算的律师对记者解释，公司申请破产后有多种不同的做法，较为常见的是Chapter 7和Chapter 11。“如果将公司看作病人，Chapter 11犹如给公司做手术，是一场最后关乎“开膛破肚”的救治，而Chapter7则更像是直接宣告公司的“死亡”。”详细来看，如果公司申请Chapter 7可以被理解为清算破产，公司会马上进入清算环节，律师、会计师、法院对公司进行资产清算后，债权人再从公司剩余资金里按顺序分钱。Chapter 11则是重组破产。北京郝俊波律师事务所主任郝俊波对记者称，如果通过Chapter 11，公司可以和债权人进行关于重组的谈判，可以等到有了重组方案才进行偿还，那么在形成这个重组方案之前，公司暂时不用再支付债务，“相当于等于给公司一个缓冲延期的机会。”过去有诸多公司通过Chapter 11获得喘息重生的机会。比如，曾在核技术、燃料及服务领域颇有建树的西屋电器公司（Westinghouse Electric Company）于2017年3月向美国法院申请了Chapter 11破产保护后，Brookfield顺利从日本东芝公司手中收购了西屋，完成转型重组。2001年11月8日，不堪舆论重压的安然被迫承认做了假账，虚报自1997年以来共计近6亿美元的盈利。12月2日，因受到债权人的压力和法律诉讼威胁，公司管理层被迫根据美国破产法第11章申请破产保护，破产清单中所列资产高达498亿美元，成为美国历史上最大的破产企业。从性质上，Chapter 15与 Chapter 11较为相似，正式被称为“《美国法典》第11章的第15章（Chapter 15, Title 11 of the United States Code）”，起源于1978年制定的《美国破产法》第304条。鉴于涉及多个司法管辖区的破产频率不断增加，304在2005年被废止，取而代之的是第15章，标题为“辅助和其他跨境案件”。Chapter 15与 Chapter 11两者最大的区别在于，Chapter 15通常是针对外国个人或实体的次级破产程序，允许外国人在包括在美国在内的多个国家/地区拥有财产或业务的情况下，向美国破产法院申请破产，但主要过程通常在外国公司的母国进行。通过第15章破产，在美国有债务但居住在国外的债务人也可以先在本国申请破产，而在美国的申报被视为次级或辅助申报。数据显示，截至2019年底，2009年、2016年和2019年提交的第Chapter 15破产案件数量最多。在2020年春季，许多外国公司因新冠疫情受困也纷纷申请第15章破产，如法国媒体公司Technicolor SA、加拿大茶叶经销商DAVIDsTEA、澳大利亚航空公司维珍澳大利亚航空、加拿大马戏团太阳马戏团娱乐集团等赫然在列。一旦外国实体根据Chapter 15申请破产，美国破产法院就可以授权受托人或审查员开始行动，并且在不违反美国法律的情况下，允许美国法院向外国代表提供额外的帮助；在外国法院的法律可能缺乏的情况下，允许美国法院为提出破产申请的外国国民提供额外的帮助；赋予外国债权人参与美国破产案的权利；防止在破产案件中对外国债权人的歧视；需要在美国提交的破产案件中通知外国债权人；赋予外国债权人在美国破产案件中提出索赔的权利。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1822,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}