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达达K
达达K
·
2022-05-09
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@达达jam：
AEM ,長期投資,good stock
AEM ,長期投資,good stock
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达达K
达达K
·
2022-05-05
k
@蔡生天天：
春秋電子：擬0.8億元至1.5億元回購股份春秋電子(603890)5月5日晚間公告，擬以0.8億元-1.5億元回購股份，回購價格不超過13.71元/股。此次回購的股份將全部用於公司員工持股計劃或股權激勵計劃。
春秋電子：擬0.8億元至1.5億元回購股份春秋電子(603890)5月5日晚間公告，擬以0.8億元-1.5億元回購股份，回購價格不超過13.71元/股。此次回購的股份將全部用於公司員工持股計劃或股權激勵計劃。
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达达K
达达K
·
2022-04-26
Yes
@股民Oscar：
留好子彈，準備反攻利潤都是跌出來的，要想賺錢，總得讓它跌個夠
留好子彈，準備反攻利潤都是跌出來的，要想賺錢，總得讓它跌個夠
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达达K
达达K
·
2022-04-21
Ok
Will the two gray rhinos in the Russia-Ukraine conflict take us back to the 1970s?
货币紧缩与俄乌冲突交织，联储“走钢丝”。
Will the two gray rhinos in the Russia-Ukraine conflict take us back to the 1970s?
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达达K
达达K
·
2022-03-02
Good
@达达K：
Good to buy
Good to buy
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达达K
达达K
·
2022-02-26
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The U.S. Securities and Exchange Commission is considering new rules: Short sellers will be required to report related
新规将适用于持有至少1000万美元空头头寸或相当于总流通股2.5%以上的机构经理。
The U.S. Securities and Exchange Commission is considering new rules: Short sellers will be required to report related
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达达K
达达K
·
2022-01-22
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@达达jam：
Yes,cary
Yes,cary
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达达K
达达K
·
2021-07-07
?
Amazon has achieved a phased victory! Microsoft loses $10 billion Department of Defense contract
当地时间周二，美国国防部宣布取消了一项价值100亿美元的云计算合同，该合同曾是亚马逊和微软之间的法律纠纷之一。 JEDI，也称作联合企业防御基础设施，该交易已成为美国国防部最纠结的合同之一。美国国防部
Amazon has achieved a phased victory! Microsoft loses $10 billion Department of Defense contract
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达达K
达达K
·
2021-07-01
Agree
Didi raised $4.4 billion through its IPO! Wall Street: Looking forward to the next chapter of growth
腾讯证券7月1日讯，中国叫车服务公司滴滴表示，该公司在美国IPO（首次公开募股）交易中筹集到了44亿美元资金，其IPO发行价位于此前指导区间的上限，并增加了在此次交易中出售的股票数量。 滴滴以每股14
Didi raised $4.4 billion through its IPO! Wall Street: Looking forward to the next chapter of growth
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达达K
达达K
·
2021-06-16
Good buy
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14:48","market":"us","language":"zh","title":"Will the two gray rhinos in the Russia-Ukraine conflict take us back to the 1970s?","url":"https://stock-news.laohu8.com/highlight/detail?id=2229970689","media":"格隆汇","summary":"货币紧缩与俄乌冲突交织，联储“走钢丝”。","content":"<p><html><head></head><body>Today I would like to share three parts with you: first, a review of the main themes of global markets since the beginning of the year; second, the two gray rhinos we have seen in the global financial system after the Russia-Ukraine conflict; and third, the impact and response of China in this external environment.</p><p><h3>I. Global Financial Markets: Monetary Tightening and the Russia-Ukraine Conflict Intertwine, the Federal Reserve \"Walks a Tightrope\"</h3>Looking at the performance of global financial markets, the decline in both stocks and bonds from the beginning of the year to mid-to-late February reflects the impact of the Federal Reserve's tightening. Following the outbreak of the Russia-Ukraine war, the market began to reflect rising short-term safe-haven demand and concerns about medium-term stagflation. Since mid-to-late March, after the situation between Russia and Ukraine became tense, the market has refocused on the impact of the Federal Reserve's rapid tightening. Given that the impact of the Russia-Ukraine crisis on the global economy and financial system is likely to continue—which we will discuss further later—these two main themes are expected to intertwine and influence the market in the future.</p><p>In terms of Federal Reserve policy, if we do not consider the additional surprises brought about by Russia and Ukraine, US core inflation should have shown signs of peaking year-on-year growth recently, and core PCE is expected to gradually fall back to around 3% by the end of the year. Even so, this is still significantly higher than the Fed's inflation target.</p><p>The further we look ahead, the more the Federal Reserve may be in a tightrope situation: on the one hand, a major reason for the market's current optimism about the US economy is the healthy household balance sheet in the US, which is inseparable from the previous bull market in the US stock market. If monetary tightening triggers continued turmoil in the US and thus impacts households' net worth, the downward pressure from the demand side will increase. On the other hand, as mentioned earlier, inflation expectations and actual inflation levels remain high. Therefore, in the future, the Federal Reserve's policy may need to find a delicate balance between \"stabilizing the stock market\" and \"controlling inflation\": the marginal adjustment of the overall policy will largely depend on its response to the market, and the space for overall monetary policy will be significantly narrower compared to the previous period.</p><p><img src=\"https://static.tigerbbs.com/da00c449c8c74fec4a398395e6212ada\" tg-width=\"1080\" tg-height=\"594\" referrerpolicy=\"no-referrer\"/></p><p><h3><b>II. The First Gray Rhino in the Russia-Ukraine Conflict: Commodities</b></h3><b>Recently, the energy supply shortages caused by the Russia-Ukraine conflict have begun to influence public opinion in the US and Europe through inflation, which is then reflected in domestic political trends in the US and Europe.</b>The Biden administration's domestic policy in the third quarter of 2021 explicitly shifted towards controlling inflation and putting pressure on the Federal Reserve, which is closely related to public dissatisfaction with rising prices, which in turn led to a decline in its approval rating. Following the outbreak of the Russia-Ukraine conflict, the gap in approval ratings between French far-right candidates Le Pen and Macron narrowed rapidly, reflecting that European public attention has shifted from supporting Ukraine to the rising cost of living at home.</p><p><img src=\"https://static.tigerbbs.com/4c1a78a5c9eac2be9dc9134648bb27a1\" tg-width=\"1080\" tg-height=\"553\" referrerpolicy=\"no-referrer\"/></p><p><b>In fact, the supply shocks from the Russia-Ukraine conflict are not limited to energy; the more far-reaching impact may be on food.</b>Russia and Ukraine are important exporters of food and fertilizers in the world: taking wheat as an example, nearly 50 economies around the world import at least 30% of their wheat from Russia and Ukraine, with Eastern Europe, South Asia, Northwest Africa and South America being particularly dependent on it. The disruption of food and fertilizer supplies due to war and sanctions has significantly increased the risk of frequent local food crises.</p><p><img src=\"https://static.tigerbbs.com/2e5b57f936cef2a655fce4270a79d509\" tg-width=\"1080\" tg-height=\"552\" referrerpolicy=\"no-referrer\"/></p><p><b>Looking further, food and energy may also become geopolitical bargaining chips, exacerbating anti-globalization.</b>Judging from the results of the UN vote on April 7 to suspend Russia's membership in the Human Rights Council, the vote was 93 in favor versus 82 against, reflecting a typical binary polarization. Behind this, in addition to existing political stances, there are also factors of Russia's influence in markets such as food, fertilizers, and energy. If supply shortages persist in the future, it cannot be ruled out that the diplomatic statements and domestic political situation of relevant economies may also be disrupted—especially considering that the United States is also a major global exporter of energy and food, which could become a bargaining chip in political games. The recent political turmoil in South American economies such as Peru and Brazil may reflect this.</p><p><img src=\"https://static.tigerbbs.com/f10f2d211bb719327bd3611340c168be\" tg-width=\"1080\" tg-height=\"584\" referrerpolicy=\"no-referrer\"/></p><p><b>Recent market trends in some emerging markets suggest that spillover effects from the Russia-Ukraine crisis may already be occurring.</b>The significant rebound in CDS in major South American economies and the recent significant correction in Latin American emerging market stock markets all suggest that we need to pay attention to the potential vulnerabilities of emerging markets. On the one hand, it is the traditional defensive capability against the Fed's tightening, including the dependence of its domestic stocks and bonds on foreign capital, the proportion of foreign debt, and its solvency. On the other hand, if subsequent sanctions against Russia continue, economies with close geographical ties to the United States may be able to alleviate Russia's supply shortage in the short term by purchasing food and energy from the United States. However, for economies with relatively less close international relations with the United States, the United States may be happy to see their economies in dire straits. I think this is the first issue we need to pay attention to.</p><p><img src=\"https://static.tigerbbs.com/87cd043df655e5eaf53e0fd3635e689f\" tg-width=\"1080\" tg-height=\"587\" referrerpolicy=\"no-referrer\"/></p><p>In summary, the spillover effects of the Russia-Ukraine war on commodity markets could affect the internal political and diplomatic strategies of multiple economies. From a globalization perspective, related necessities have become an important bargaining chip in diplomacy, which may lead to further tearing apart of the global economic and trade system. This is the first gray rhino to watch out for.</p><p><h3>III. The Second Gray Rhino in the Russia-Ukraine Conflict: The International Monetary and Financial System</h3><b>We need to closely monitor the impact of \"sanctions\" and \"counter-sanctions\" measures on the global financial and monetary system.</b>The Federal Reserve has been tightening monetary policy since the beginning of this year, but the appreciation of the broad nominal effective exchange rate of the US dollar has been far less than that of the US Dollar Index. In other words, the US dollar's appreciation this year has been more significant compared to economies like Japan and Europe, while the appreciation rate has not been significant for major global economies, including emerging markets. Historically, when the Federal Reserve tightens monetary policy, we are often more concerned about the impact of capital outflows from emerging markets caused by the Fed's tightening monetary policy. Why is it different this time? We believe the possible reason behind this is that the sanctions imposed by the US and Europe on Russia have prompted many economies, central banks, and investors to rethink the security of the dollar system.</p><p>Whether it's SWIFT sanctions, other trade, finance, and personal sanctions, or Russia's recent financial counter-sanctions, everyone has begun to think about the safety of dollar assets. When geopolitical conflicts arise, investors discover that original financial rules can disappear overnight. This concern may have already begun to shake investors' confidence in the current global financial system dominated by the US dollar.</p><p><img src=\"https://static.tigerbbs.com/e89a2ec7d4ef5fe940c84ce4dc87753d\" tg-width=\"1080\" tg-height=\"579\" referrerpolicy=\"no-referrer\"/></p><p><b>We need to pay attention to the impact of the resonance between the two gray rhinos—the risk of a repeat of the economic and financial turmoil of the 1970s is rising.</b>Many people attribute the stagflation of the 1970s to the oil crisis caused by energy supply issues, but the decoupling of the US dollar from gold in 1971 before the energy crisis may have been a more important background. After Nixon's impact, the anchor of currency pricing disappeared, leading to a rise in the prices of a large number of physical goods priced in paper money. Coupled with the impact of the oil crisis, this led to the Great Inflation of the 1970s.</p><p><img src=\"https://static.tigerbbs.com/6ec56032830c41b0a01dcd5deac1c203\" tg-width=\"1080\" tg-height=\"563\" referrerpolicy=\"no-referrer\"/></p><p>Sanctions and counter-sanctions surrounding the Russia-Ukraine conflict have raised market concerns about the monetary systems of major developed economies such as the US dollar and the Japanese yen. Based on this, whether the shortages of energy and food—all essential commodities—caused by the Russia-Ukraine conflict will once again plunge us into a very turbulent environment is a gray rhino that needs to be addressed at present. Of course, the reason it's called a gray rhino is that these rhinos may not necessarily rush over, but if these two issues resonate simultaneously, the impact on the financial market and the economy could be enormous.</p><p><h3>IV. Impact on China: Direct impact is minimal; focus on secondary impacts.</h3><b>Firstly, in terms of direct impact, the food issue will not have a significant impact on China.</b>Among the three major staple grains, China has ample rice supply and high inventory; In terms of wheat, Russia is the largest exporter of wheat, while China has little pressure to import wheat and still has inventory. There is a certain shortage of corn, and 50% of the supply comes from Ukraine, but corn is highly substitutable. Therefore, overall, the Russia-Ukraine conflict has not had a significant direct impact on China in terms of staple foods. This is also due to the central government's policy of \"Chinese people should take their rice bowls into their own hands\" for many years.</p><p><img src=\"https://static.tigerbbs.com/8a4845d3e9bddc107c8fed6b158f5825\" tg-width=\"1080\" tg-height=\"564\" referrerpolicy=\"no-referrer\"/></p><p><b>However, what we need to pay more attention to is the secondary impact of the Russia-Ukraine conflict, which is that when two gray rhinos overlap, the global trading system may become more fragmented.</b>Therefore, both the United States and Russia are likely to use necessities such as food, energy, and fertilizers to a large extent as bargaining chips for geopolitical alignment, which could mean that China is facing increased anti-globalization.</p><p><h3><b>V. China's response under a more severe external situation</b></h3><b>Previously, China's economy benefited from global economic and trade integration. Therefore, if the process of deglobalization accelerates in the future, China's exports will face significant potential uncertainty. In addition to contracting end-user demand, the US economic and trade suppression of China is also a risk that needs attention.</b>The latest version of the US supply chain report in February this year not only discussed \"bottleneck\" industries, but also industries related to the Russia-Ukraine dispute, involving multiple industries in my country such as information technology, energy, defense, and food. Previously, US policy towards China's supply chain mainly focused on \"bottleneck\" information technology. Now, the US may introduce measures targeting energy,<a href=\"https://laohu8.com/S/000061\">agricultural products</a>Industrial policies are used to further suppress China.</p><p><img src=\"https://static.tigerbbs.com/25c929359ec4352004739defcf2b2b47\" tg-width=\"1080\" tg-height=\"573\" referrerpolicy=\"no-referrer\"/></p><p><b>Therefore, looking ahead, China will face a more severe external situation, and we believe that China's response strategy mainly consists of two main lines.</b></p><p>First, China will place greater emphasis on doing its own thing well. Amidst numerous uncertainties surrounding the external circulation, the potential of China's enormous market is the most important foundation of the Chinese economy.</p><p>Second, China will place greater emphasis on stabilizing and strengthening economic and trade relations with neighboring economies to build a safety cushion.</p><p>The Russia-Ukraine conflict erupted in Europe, and in recent UN-initiated resolutions targeting Russia, economies surrounding China—including those in Southeast Asia and South Asia—either voted against or abstained. Clearly, this reflects the attitude of these economies that they want peace and do not want the situation to escalate—much less for the conflict to spread to Asia. China is surrounded by our largest trading partner, the European Union, and South Asia is home to India, the most populous country after China. At the same time, China has extremely close economic and trade relations with East Asian countries. If the economic and trade relations between relevant economies can be stabilized and strengthened, it will help form a \"buffer cushion\" for the Chinese economy.</p><p><img src=\"https://static.tigerbbs.com/1c8d7fd23a8f20bb6fe19f794e17038f\" tg-width=\"1080\" tg-height=\"591\" referrerpolicy=\"no-referrer\"/></p><p><h3>VI. The RMB in the Turbulent Global Financial System: A Discussion on the Inverted Interest Rate Differential Between China and the US</h3>In the past, when the interest rate differential between China and the United States narrowed, the market was worried about large-scale capital outflow pressure, but this time the negative turn in the interest rate differential between China and the United States did not cause the expected capital outflow. Even when the Russia-Ukraine conflict broke out and the Federal Reserve tightened its stance in February and March this year, the RMB remained strong against the US dollar. This may mean that against the backdrop of rising investor concerns about the existing global financial system, RMB assets have become an important option for investors to hedge risks. If we consider: 1) Previously, investors had a low allocation ratio to RMB financial assets; 2) Given the future \"dualization\" of the global economic and trade system, the strengthening of the RMB relative to the US dollar actually has a certain degree of rationality. If \"hedging\" becomes the main theme in the exchange rate market, then whether the interest rate spread is inverted will not be enough to affect the exchange rate trend.</p><p><img src=\"https://static.tigerbbs.com/8d1124e2b8a76f2202167c2c418ac6f0\" tg-width=\"1080\" tg-height=\"573\" referrerpolicy=\"no-referrer\"/></p><p><h3><b>VII. Summary</b></h3>First, the spillover effects of the Russia-Ukraine conflict on the commodity supply side mean that in the future, the world will experience a high incidence of localized food crises, and food and energy will become important bargaining chips in geopolitical competition, further negatively impacting globalization.</p><p>Secondly, sanctions and counter-sanctions imposed by the US, Europe, and Russia have increased investors' concerns about the global monetary and financial system.</p><p>Most importantly, the resonance between the two gray rhinos mentioned above triggered major turmoil in the global economy and financial markets in the 1970s, and also influenced the global landscape for decades to come. Therefore, given the current challenging external environment, we need to continue to pay attention to the impact of the resonance between the US dollar and commodities.</p><p><b>Risk warning: Stagflation risks in the US and Europe exceed expectations, debt risks in emerging markets exceed expectations, and geopolitical risks exceed expectations.</b></p><p></body></html></p>","source":"gelonghui_highlight","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>Will the two gray rhinos in the Russia-Ukraine conflict take us back to the 1970s?</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\">\nWill the two gray rhinos in the Russia-Ukraine conflict take us back to the 1970s?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2022-04-21 14:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Today I would like to share three parts with you: first, a review of the main themes of global markets since the beginning of the year; second, the two gray rhinos we have seen in the global financial system after the Russia-Ukraine conflict; and third, the impact and response of China in this external environment.</p><p><h3>I. Global Financial Markets: Monetary Tightening and the Russia-Ukraine Conflict Intertwine, the Federal Reserve \"Walks a Tightrope\"</h3>Looking at the performance of global financial markets, the decline in both stocks and bonds from the beginning of the year to mid-to-late February reflects the impact of the Federal Reserve's tightening. Following the outbreak of the Russia-Ukraine war, the market began to reflect rising short-term safe-haven demand and concerns about medium-term stagflation. Since mid-to-late March, after the situation between Russia and Ukraine became tense, the market has refocused on the impact of the Federal Reserve's rapid tightening. Given that the impact of the Russia-Ukraine crisis on the global economy and financial system is likely to continue—which we will discuss further later—these two main themes are expected to intertwine and influence the market in the future.</p><p>In terms of Federal Reserve policy, if we do not consider the additional surprises brought about by Russia and Ukraine, US core inflation should have shown signs of peaking year-on-year growth recently, and core PCE is expected to gradually fall back to around 3% by the end of the year. Even so, this is still significantly higher than the Fed's inflation target.</p><p>The further we look ahead, the more the Federal Reserve may be in a tightrope situation: on the one hand, a major reason for the market's current optimism about the US economy is the healthy household balance sheet in the US, which is inseparable from the previous bull market in the US stock market. If monetary tightening triggers continued turmoil in the US and thus impacts households' net worth, the downward pressure from the demand side will increase. On the other hand, as mentioned earlier, inflation expectations and actual inflation levels remain high. Therefore, in the future, the Federal Reserve's policy may need to find a delicate balance between \"stabilizing the stock market\" and \"controlling inflation\": the marginal adjustment of the overall policy will largely depend on its response to the market, and the space for overall monetary policy will be significantly narrower compared to the previous period.</p><p><img src=\"https://static.tigerbbs.com/da00c449c8c74fec4a398395e6212ada\" tg-width=\"1080\" tg-height=\"594\" referrerpolicy=\"no-referrer\"/></p><p><h3><b>II. The First Gray Rhino in the Russia-Ukraine Conflict: Commodities</b></h3><b>Recently, the energy supply shortages caused by the Russia-Ukraine conflict have begun to influence public opinion in the US and Europe through inflation, which is then reflected in domestic political trends in the US and Europe.</b>The Biden administration's domestic policy in the third quarter of 2021 explicitly shifted towards controlling inflation and putting pressure on the Federal Reserve, which is closely related to public dissatisfaction with rising prices, which in turn led to a decline in its approval rating. Following the outbreak of the Russia-Ukraine conflict, the gap in approval ratings between French far-right candidates Le Pen and Macron narrowed rapidly, reflecting that European public attention has shifted from supporting Ukraine to the rising cost of living at home.</p><p><img src=\"https://static.tigerbbs.com/4c1a78a5c9eac2be9dc9134648bb27a1\" tg-width=\"1080\" tg-height=\"553\" referrerpolicy=\"no-referrer\"/></p><p><b>In fact, the supply shocks from the Russia-Ukraine conflict are not limited to energy; the more far-reaching impact may be on food.</b>Russia and Ukraine are important exporters of food and fertilizers in the world: taking wheat as an example, nearly 50 economies around the world import at least 30% of their wheat from Russia and Ukraine, with Eastern Europe, South Asia, Northwest Africa and South America being particularly dependent on it. The disruption of food and fertilizer supplies due to war and sanctions has significantly increased the risk of frequent local food crises.</p><p><img src=\"https://static.tigerbbs.com/2e5b57f936cef2a655fce4270a79d509\" tg-width=\"1080\" tg-height=\"552\" referrerpolicy=\"no-referrer\"/></p><p><b>Looking further, food and energy may also become geopolitical bargaining chips, exacerbating anti-globalization.</b>Judging from the results of the UN vote on April 7 to suspend Russia's membership in the Human Rights Council, the vote was 93 in favor versus 82 against, reflecting a typical binary polarization. Behind this, in addition to existing political stances, there are also factors of Russia's influence in markets such as food, fertilizers, and energy. If supply shortages persist in the future, it cannot be ruled out that the diplomatic statements and domestic political situation of relevant economies may also be disrupted—especially considering that the United States is also a major global exporter of energy and food, which could become a bargaining chip in political games. The recent political turmoil in South American economies such as Peru and Brazil may reflect this.</p><p><img src=\"https://static.tigerbbs.com/f10f2d211bb719327bd3611340c168be\" tg-width=\"1080\" tg-height=\"584\" referrerpolicy=\"no-referrer\"/></p><p><b>Recent market trends in some emerging markets suggest that spillover effects from the Russia-Ukraine crisis may already be occurring.</b>The significant rebound in CDS in major South American economies and the recent significant correction in Latin American emerging market stock markets all suggest that we need to pay attention to the potential vulnerabilities of emerging markets. On the one hand, it is the traditional defensive capability against the Fed's tightening, including the dependence of its domestic stocks and bonds on foreign capital, the proportion of foreign debt, and its solvency. On the other hand, if subsequent sanctions against Russia continue, economies with close geographical ties to the United States may be able to alleviate Russia's supply shortage in the short term by purchasing food and energy from the United States. However, for economies with relatively less close international relations with the United States, the United States may be happy to see their economies in dire straits. I think this is the first issue we need to pay attention to.</p><p><img src=\"https://static.tigerbbs.com/87cd043df655e5eaf53e0fd3635e689f\" tg-width=\"1080\" tg-height=\"587\" referrerpolicy=\"no-referrer\"/></p><p>In summary, the spillover effects of the Russia-Ukraine war on commodity markets could affect the internal political and diplomatic strategies of multiple economies. From a globalization perspective, related necessities have become an important bargaining chip in diplomacy, which may lead to further tearing apart of the global economic and trade system. This is the first gray rhino to watch out for.</p><p><h3>III. The Second Gray Rhino in the Russia-Ukraine Conflict: The International Monetary and Financial System</h3><b>We need to closely monitor the impact of \"sanctions\" and \"counter-sanctions\" measures on the global financial and monetary system.</b>The Federal Reserve has been tightening monetary policy since the beginning of this year, but the appreciation of the broad nominal effective exchange rate of the US dollar has been far less than that of the US Dollar Index. In other words, the US dollar's appreciation this year has been more significant compared to economies like Japan and Europe, while the appreciation rate has not been significant for major global economies, including emerging markets. Historically, when the Federal Reserve tightens monetary policy, we are often more concerned about the impact of capital outflows from emerging markets caused by the Fed's tightening monetary policy. Why is it different this time? We believe the possible reason behind this is that the sanctions imposed by the US and Europe on Russia have prompted many economies, central banks, and investors to rethink the security of the dollar system.</p><p>Whether it's SWIFT sanctions, other trade, finance, and personal sanctions, or Russia's recent financial counter-sanctions, everyone has begun to think about the safety of dollar assets. When geopolitical conflicts arise, investors discover that original financial rules can disappear overnight. This concern may have already begun to shake investors' confidence in the current global financial system dominated by the US dollar.</p><p><img src=\"https://static.tigerbbs.com/e89a2ec7d4ef5fe940c84ce4dc87753d\" tg-width=\"1080\" tg-height=\"579\" referrerpolicy=\"no-referrer\"/></p><p><b>We need to pay attention to the impact of the resonance between the two gray rhinos—the risk of a repeat of the economic and financial turmoil of the 1970s is rising.</b>Many people attribute the stagflation of the 1970s to the oil crisis caused by energy supply issues, but the decoupling of the US dollar from gold in 1971 before the energy crisis may have been a more important background. After Nixon's impact, the anchor of currency pricing disappeared, leading to a rise in the prices of a large number of physical goods priced in paper money. Coupled with the impact of the oil crisis, this led to the Great Inflation of the 1970s.</p><p><img src=\"https://static.tigerbbs.com/6ec56032830c41b0a01dcd5deac1c203\" tg-width=\"1080\" tg-height=\"563\" referrerpolicy=\"no-referrer\"/></p><p>Sanctions and counter-sanctions surrounding the Russia-Ukraine conflict have raised market concerns about the monetary systems of major developed economies such as the US dollar and the Japanese yen. Based on this, whether the shortages of energy and food—all essential commodities—caused by the Russia-Ukraine conflict will once again plunge us into a very turbulent environment is a gray rhino that needs to be addressed at present. Of course, the reason it's called a gray rhino is that these rhinos may not necessarily rush over, but if these two issues resonate simultaneously, the impact on the financial market and the economy could be enormous.</p><p><h3>IV. Impact on China: Direct impact is minimal; focus on secondary impacts.</h3><b>Firstly, in terms of direct impact, the food issue will not have a significant impact on China.</b>Among the three major staple grains, China has ample rice supply and high inventory; In terms of wheat, Russia is the largest exporter of wheat, while China has little pressure to import wheat and still has inventory. There is a certain shortage of corn, and 50% of the supply comes from Ukraine, but corn is highly substitutable. Therefore, overall, the Russia-Ukraine conflict has not had a significant direct impact on China in terms of staple foods. This is also due to the central government's policy of \"Chinese people should take their rice bowls into their own hands\" for many years.</p><p><img src=\"https://static.tigerbbs.com/8a4845d3e9bddc107c8fed6b158f5825\" tg-width=\"1080\" tg-height=\"564\" referrerpolicy=\"no-referrer\"/></p><p><b>However, what we need to pay more attention to is the secondary impact of the Russia-Ukraine conflict, which is that when two gray rhinos overlap, the global trading system may become more fragmented.</b>Therefore, both the United States and Russia are likely to use necessities such as food, energy, and fertilizers to a large extent as bargaining chips for geopolitical alignment, which could mean that China is facing increased anti-globalization.</p><p><h3><b>V. China's response under a more severe external situation</b></h3><b>Previously, China's economy benefited from global economic and trade integration. Therefore, if the process of deglobalization accelerates in the future, China's exports will face significant potential uncertainty. In addition to contracting end-user demand, the US economic and trade suppression of China is also a risk that needs attention.</b>The latest version of the US supply chain report in February this year not only discussed \"bottleneck\" industries, but also industries related to the Russia-Ukraine dispute, involving multiple industries in my country such as information technology, energy, defense, and food. Previously, US policy towards China's supply chain mainly focused on \"bottleneck\" information technology. Now, the US may introduce measures targeting energy,<a href=\"https://laohu8.com/S/000061\">agricultural products</a>Industrial policies are used to further suppress China.</p><p><img src=\"https://static.tigerbbs.com/25c929359ec4352004739defcf2b2b47\" tg-width=\"1080\" tg-height=\"573\" referrerpolicy=\"no-referrer\"/></p><p><b>Therefore, looking ahead, China will face a more severe external situation, and we believe that China's response strategy mainly consists of two main lines.</b></p><p>First, China will place greater emphasis on doing its own thing well. Amidst numerous uncertainties surrounding the external circulation, the potential of China's enormous market is the most important foundation of the Chinese economy.</p><p>Second, China will place greater emphasis on stabilizing and strengthening economic and trade relations with neighboring economies to build a safety cushion.</p><p>The Russia-Ukraine conflict erupted in Europe, and in recent UN-initiated resolutions targeting Russia, economies surrounding China—including those in Southeast Asia and South Asia—either voted against or abstained. Clearly, this reflects the attitude of these economies that they want peace and do not want the situation to escalate—much less for the conflict to spread to Asia. China is surrounded by our largest trading partner, the European Union, and South Asia is home to India, the most populous country after China. At the same time, China has extremely close economic and trade relations with East Asian countries. If the economic and trade relations between relevant economies can be stabilized and strengthened, it will help form a \"buffer cushion\" for the Chinese economy.</p><p><img src=\"https://static.tigerbbs.com/1c8d7fd23a8f20bb6fe19f794e17038f\" tg-width=\"1080\" tg-height=\"591\" referrerpolicy=\"no-referrer\"/></p><p><h3>VI. The RMB in the Turbulent Global Financial System: A Discussion on the Inverted Interest Rate Differential Between China and the US</h3>In the past, when the interest rate differential between China and the United States narrowed, the market was worried about large-scale capital outflow pressure, but this time the negative turn in the interest rate differential between China and the United States did not cause the expected capital outflow. Even when the Russia-Ukraine conflict broke out and the Federal Reserve tightened its stance in February and March this year, the RMB remained strong against the US dollar. This may mean that against the backdrop of rising investor concerns about the existing global financial system, RMB assets have become an important option for investors to hedge risks. If we consider: 1) Previously, investors had a low allocation ratio to RMB financial assets; 2) Given the future \"dualization\" of the global economic and trade system, the strengthening of the RMB relative to the US dollar actually has a certain degree of rationality. If \"hedging\" becomes the main theme in the exchange rate market, then whether the interest rate spread is inverted will not be enough to affect the exchange rate trend.</p><p><img src=\"https://static.tigerbbs.com/8d1124e2b8a76f2202167c2c418ac6f0\" tg-width=\"1080\" tg-height=\"573\" referrerpolicy=\"no-referrer\"/></p><p><h3><b>VII. Summary</b></h3>First, the spillover effects of the Russia-Ukraine conflict on the commodity supply side mean that in the future, the world will experience a high incidence of localized food crises, and food and energy will become important bargaining chips in geopolitical competition, further negatively impacting globalization.</p><p>Secondly, sanctions and counter-sanctions imposed by the US, Europe, and Russia have increased investors' concerns about the global monetary and financial system.</p><p>Most importantly, the resonance between the two gray rhinos mentioned above triggered major turmoil in the global economy and financial markets in the 1970s, and also influenced the global landscape for decades to come. Therefore, given the current challenging external environment, we need to continue to pay attention to the impact of the resonance between the US dollar and commodities.</p><p><b>Risk warning: Stagflation risks in the US and Europe exceed expectations, debt risks in emerging markets exceed expectations, and geopolitical risks exceed expectations.</b></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/522627\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c6c82cf7967acddafade766f6f5c3a53","relate_stocks":{".DJI":"道琼斯"},"source_url":"http://www.gelonghui.com/p/522627","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2229970689","content_text":"今天我想和大家分享三部分的内容：第一是对年初以来全球市场主线的回顾，第二是俄乌冲突后我们在全球金融体系里看到的两只灰犀牛，第三是在这样的外部环境下，中国受到的影响和应对。一、全球金融市场：货币紧缩与俄乌冲突交织，联储“走钢丝”从全球金融市场的表现来看，年初至2月中下旬前市场股债双杀，体现联储收紧的冲击；俄乌战争爆发后，市场开始反映短期避险的升温和中期滞胀的担忧；3月中下旬以来，俄乌局势进入焦灼状态后，市场重新关注联储快速紧缩的影响。考虑到俄乌问题对全球经济和金融体系的影响可能较为延续——我们之后会进一步讨论——后期这两条主线预期还会交织影响市场。就联储政策而言，如果不考虑俄乌后续带来的额外突发冲击，美国核心通胀近期应已出现同比增速见顶迹象，核心PCE预期在年底逐步回落至3%附近。但即便如此，这仍然显著高于联储通胀目标。越往后看，联储可能越会处于一个走钢丝的状态：一方面，当前市场对美国经济乐观的重要原因是基于美国尚且健康的居民资产负债表——这与此前美股的牛市密不可分，如果货币收紧引发美国持续动荡进而冲击居民净资产，则来自需求端下行压力将加大；另一方面，如前所述，通胀预期及实际通胀水平仍然处在高位。所以在未来的一个阶段，联储政策可能需要在“稳股市”和“控通胀”这两者间找一个脆弱的平衡：整体政策的边际调整，很大程度上取决于其对市场的反应，整体货币政策的空间相对前期而言是明显收窄的。二、俄乌冲突下的第一只灰犀牛：商品近期，俄乌冲突带来的能源供应短缺，已经开始通过通胀影响美欧的民意，进而体现在美欧国内政治走势上。拜登政府对内政策在2021年三季度明确转向控通胀并对联储施压，这与民众对价格上涨的不满、进而导致其支持率下滑密切相关。俄乌冲突爆发后，法国极右翼候选人勒庞与马克龙的支持率缺口快速收窄，也体现了，欧洲民众的关注点开始从支持乌克兰转移到国内生活成本抬高上。实际上，俄乌问题冲突下的供应冲击并不仅限于能源，影响更为深远的可能是粮食。俄罗斯和乌克兰是世界上重要的粮食和化肥出口国：以小麦为例，全球接近50个经济体全球至少 30%的小麦进口来自俄乌，其中东欧、南亚、北西非、南美对其的依赖尤为突出，由于战争及制裁导致的粮食和化肥供应中断，使得局部粮食危机频发的风险显著抬升。进一步来看，粮食和能源可能还会成为地缘政治上的博弈筹码，加剧逆全球化。从4月7日联合国对暂停俄罗斯在人权理事会成员资格的投票结果来看，赞成93票vs反对及弃权82票，体现出比较典型的二元分化，这背后除了有既有政治立场之外，也有粮食、化肥、能源等市场上俄罗斯的影响力因素。如果未来供应持续短缺，则不排除相关经济体的外交表态和国内政局可能也会受到扰动——尤其考虑美国也是全球主要的能源和粮食的出口国，这可能会成为政治博弈层面讨价还价的筹码，近期在秘鲁、巴西等南美洲经济体发生的政治动荡，可能都映射了这一点。近期部分新兴市场的市场走势，体现俄乌问题的溢出效应可能已经在发生，包括南美主要经济体CDS明显回升，拉美新兴市场股市近期显著回调，这都提示我们需要关注新兴市场潜在脆弱性。一方面，是传统意义上对联储收紧的防御能力，包括其国内股债对外资的依赖度、外债占比及偿付能力等。另一方面，如果后续对俄制裁延续，与美国地缘关系较为亲近的经济体或尚能通过向美国购买粮食和能源短期缓解俄罗斯供应短缺，但与美国国际关系相对不那么紧密的经济体，美国可能乐见其经济陷入窘境，我觉得这是第一个我们需要关注的问题。综合来说，俄乌战争对商品市场的溢出效应，其影响范围可能会波及多个经济体的内部政治和外交战略。而从全球化的角度来说，相关必需品成为外交中的重要筹码，又可能会导致全球经贸体系进一步的撕裂，这是需要注意的第一只灰犀牛。三、俄乌冲突下的第二只灰犀牛：国际货币金融体系我们需要密切跟踪“制裁”与“反制裁”举措对全球金融货币体系的影响。今年年初以来美联储一直在进行货币政策的收紧，但美元广义名义有效汇率的升值幅度是远低于美元指数的。也就是说，美元今年的升值相对于日本、欧洲这经济体更明显，而对于更广义的包括新兴市场在内的全球主要的经济体来讲，升值幅度并不明显。历史上来看，当美联储货币政策收紧时，我们往往更加担心美联储的货币政策收紧所导致的新兴市场的资金流出的冲击。这次为什么不一样？我们认为背后可能的原因，就是美欧对于俄罗斯的制裁开始引发很多经济体、央行、投资者开始重新去思考美元体系安全性的问题。不论是SWIFT制裁还是其他贸易金融和个人制裁，以及俄罗斯近期在金融方面的反制裁，都使得大家开始思考美元资产的安全性。在地缘冲突来临之时，投资者发现原本的金融规则可以一夜之间不复存在。这种担忧，可能已经开始动摇投资者对于当前以美元为主的全球金融体系的信心。需关注两只灰犀牛共振的影响——重演1970年代经济金融动荡的风险在上升。很多人把70年代的滞胀归结于能源供应问题下的石油危机，但是能源危机之前，1971年美元和黄金的脱钩可能是更重要的背景。尼克松冲击后，货币定价的锚消失了，导致以纸币定价的大量实物商品价格上升，叠加石油危机的冲击，才形成了70年代的大通胀。围绕俄乌冲突的制裁与反制裁，引发市场对美元、日元等主要发达经济体货币体系的忧虑。在此基础上，俄乌冲突导致的能源粮食——这都是必需品——的短缺，是否会使我们再次进入到一个非常动荡的环境，是当前需要关注的灰犀牛。当然之所以它叫灰犀牛，就是这些犀牛它不一定会冲过来，但是如果这两个问题同时发生叠加共振的话，对于金融市场和经济的冲击可能是非常巨大的。四、对中国的影响：直接冲击不大，关注次生影响首先直接冲击来讲的话，粮食的问题对于中国来说影响不大。三大主粮里面，中国大米供给充足，库存量高；小麦来看，俄罗斯是小麦的第一大出口国，中国小麦的进口压力不大且还有库存；玉米有一定程度的缺口，而且有50%的供应是来自于乌克兰，但玉米的可替代性高。所以整体的来讲的话，主粮层面上俄乌冲突对中国的直接影响不大，这一点也是受益于过去很多年中央一直说的“中国人的饭碗要端在自己手里”的政策。但是我们更需要关注的是俄乌冲突的次生影响，也就是两只灰犀牛叠加的情况下，全球贸易体系可能会更加碎片化。因此，无论是美国还是俄罗斯，可能都会很大程度上把粮食、能源、化肥这些必需品作为地缘政治上站队的一个讨价还价的“筹码”，这可能会意味着中国所面临的逆全球化加剧。五、更严峻的外部形势下，中国的应对此前中国经济受益于全球经贸一体化，因此如果未来逆全球化进程加速，中国出口将面临较大的潜在不确定性。除了终端需求收缩外，美国对华的经贸打压也是需要关注的风险。今年2月美国新一版的供应链报告中，不仅讨论了“卡脖子”的产业，也讨论了对俄乌争端相关的产业，涉及我国信息技术、能源、国防、食品等多个行业。之前，美国对于中国供应链的政策主要围绕“卡脖子”的信息技术上，那么现在，美国可能会出台针对能源、农产品的产业政策来进一步打压中国。所以往后看，中国将面临更严峻的外部形势，我们认为中国的应对思路主要是两条主线。第一、中国将更强调做好自己的事。在外循环面临众多不确定性的冲击下，中国巨大市场的潜能是中国经济最重要的基本盘。第二、中国将更强调稳定、加强与周边经济体的经贸关系，构建一个安全垫。俄乌问题爆发在欧洲，而在最近联合国发起的各种针对俄罗斯的议案中，中国周边的经济体--包括东南亚、南亚等--不是投了反对票，就是弃权票。显然，体现了这些经济体希望和平、不希望事态扩大--更不希望冲突蔓延到亚洲的态度。中国周边有我们的第一大贸易伙伴欧盟，南亚又有除中国外最大的人口国家印度，同时中国与东亚各国的经贸关系也极为密切，如果能够稳定并加强相关经济体的经贸关系，将有助于形成中国经济的“缓冲垫”。六、动荡的全球金融体系中的人民币：谈谈中美利差倒挂的问题过去中美利差收窄时，市场会担心大规模的资金流出压力，但这次中美利差的转负并没有引起预期中的资金流出。甚至，在今年2到3月间俄乌问题爆发、美联储收紧时，人民币对美元一直保持强势。这可能意味着投资者对现有全球金融体系担忧程度上升背景下，人民币资产成为投资者对冲风险的一个重要选择。如果考虑到：1）此前投资者对人民币金融资产配置比例较低；2）未来全球经贸体系“二元化”的背景，则人民币相对美元走强其实具有一定的合理性。如果“对冲”成为汇率市场的主线，则利差是否倒挂也就不足以影响汇率的走势了。七、总结首先，俄乌冲突在商品供给端的溢出效应，意味着未来一阶段，全球会呈现局部粮食危机高发的状态，而粮食和能源也将成为地缘政治博弈中的重要筹码，进一步对全球化产生负面影响。其次，围绕美欧俄的制裁与反制裁，使得投资者对于全球货币金融体系的担忧程度上升。最重要的是，上述两只灰犀牛的共振，在1970年代引发了全球经济、金融市场大动荡，也影响了后续几十年的全球格局。因此，当前外部环境严峻时，我们需要持续去关注美元和商品共振所造成的影响。风险提示：美欧滞胀风险超预期，新兴市场债务风险超预期，地缘政治风险超预期。","news_type":1,"symbols_score_info":{".DJI":0}},"isVote":1,"tweetType":1,"viewCount":4891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033158122,"gmtCreate":1646226486955,"gmtModify":1676534105685,"author":{"id":"3571103870473964","authorId":"3571103870473964","name":"达达K","avatar":"https://community-static.tradeup.com/news/41bafef36a23fb83033bbcab994d18c7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571103870473964","authorIdStr":"3571103870473964"},"themes":[],"title":"","htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9033158122","repostId":"185154127","repostType":1,"repost":{"id":185154127,"gmtCreate":1623638155269,"gmtModify":1704207525506,"author":{"id":"3571103870473964","authorId":"3571103870473964","name":"达达K","avatar":"https://community-static.tradeup.com/news/41bafef36a23fb83033bbcab994d18c7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571103870473964","authorIdStr":"3571103870473964"},"themes":[],"title":"","htmlText":"Good to buy ","listText":"Good to buy ","text":"Good to buy","images":[{"img":"https://static.tigerbbs.com/1bee96a2986fbd544d66aab9603ab0bb","width":"1080","height":"2101"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185154127","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":6797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039078543,"gmtCreate":1645855961552,"gmtModify":1676534071047,"author":{"id":"3571103870473964","authorId":"3571103870473964","name":"达达K","avatar":"https://community-static.tradeup.com/news/41bafef36a23fb83033bbcab994d18c7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571103870473964","authorIdStr":"3571103870473964"},"themes":[],"title":"","htmlText":"Like ","listText":"Like ","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039078543","repostId":"1165042671","repostType":4,"repost":{"id":"1165042671","kind":"news","pubTimestamp":1645839799,"share":"https://ttm.financial/m/news/1165042671?lang=en_US&edition=fundamental","pubTime":"2022-02-26 09:43","market":"us","language":"zh","title":"The U.S. Securities and Exchange Commission is considering new rules: Short sellers will be required to report related","url":"https://stock-news.laohu8.com/highlight/detail?id=1165042671","media":"华尔街见闻","summary":"新规将适用于持有至少1000万美元空头头寸或相当于总流通股2.5%以上的机构经理。","content":"<p><html><head></head><body>Author: Zhou Qi</p><p>On Friday, February 25, Eastern Time, the U.S. Securities and Exchange Commission (SEC) announced that it is considering a new rule that may require some investor institutions to report their short-selling-related activities to the SEC monthly. This would allow the SEC to provide detailed short-selling data to the public for the first time, including summary data on short positions and daily short-selling data.</p><p>Gary Gensler, chairman of the U.S. Securities and Exchange Commission, stated in a press release:</p><p>The SEC unanimously voted to propose rules and amendments to expand the scope of short-selling-related data available to the investing public and regulators. I am pleased to support this proposal because, if adopted, it will enhance transparency in an important area of our market that will benefit from greater visibility and oversight. Gensler stated that the new rules will apply to institutional managers who hold at least $10 million in short positions, or the equivalent of more than 2.5% of total outstanding shares.</p><p>It is important for the public and the committee to learn more about this important market, especially during times of stress or volatility. The proposed rules will help the committee address future market events and strike a balance between a transparent demand and price discovery process. As early as 2005, the SEC established a Regulation called Regulation SHO to restrict naked short selling. This Regulation stipulates that investors must have sufficient reasons to ensure that they have the ability to hold the shares to be shorted before the transaction is settled, otherwise they must add to their positions. Otherwise, it will be considered a failure to Deliver. If it is subsequently discovered that the naked short seller is suspected of shorting or manipulating the stock price, it will be considered illegal.</p><p>\"Naked short selling\" refers to an investment method in which investors sell non-existent stocks directly on the market without borrowing them, and then buy back the stocks to make a profit when the stock price falls further. Traders who engage in \"naked short selling\" succeed as long as they buy the stock before the settlement date. Because \"naked short selling\" involves selling non-existent stocks in large quantities, it can have a severe impact on stock prices.</p><p>Investors persist in concerns about market manipulation by short sellers, potential fraud, and a lack of publicly available data on short selling transactions. The proposed new regulations attempt to address this issue by further enhancing market transparency.</p><p>By design, the new rules will add so-called \"buy-back\" disclosures, which short-selling critics may welcome because it will aim to further curb so-called \"naked short selling.\" Following the outbreak of the 2008 global financial crisis, the U.S. Securities and Exchange Commission prohibited traders from using non-existent stocks to short publicly traded companies.</p><p>Late last year, the SEC proposed a rule requiring brokerage firms and asset managers that lend securities to short sellers to report data on each loan to regulators such as the Financial Industry Regulatory Authority within 15 minutes of the loan being made.</p><p>The SEC stated that it has extended the public comment period on the rule in light of its latest proposed rule changes.</p><p></body></html></p>","source":"highlight_wallstreetcn","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 U.S. Securities and Exchange Commission is considering new rules: Short sellers will be required to report related</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 U.S. Securities and Exchange Commission is considering new rules: Short sellers will be required to report related\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-02-26 09:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author: Zhou Qi</p><p>On Friday, February 25, Eastern Time, the U.S. Securities and Exchange Commission (SEC) announced that it is considering a new rule that may require some investor institutions to report their short-selling-related activities to the SEC monthly. This would allow the SEC to provide detailed short-selling data to the public for the first time, including summary data on short positions and daily short-selling data.</p><p>Gary Gensler, chairman of the U.S. Securities and Exchange Commission, stated in a press release:</p><p>The SEC unanimously voted to propose rules and amendments to expand the scope of short-selling-related data available to the investing public and regulators. I am pleased to support this proposal because, if adopted, it will enhance transparency in an important area of our market that will benefit from greater visibility and oversight. Gensler stated that the new rules will apply to institutional managers who hold at least $10 million in short positions, or the equivalent of more than 2.5% of total outstanding shares.</p><p>It is important for the public and the committee to learn more about this important market, especially during times of stress or volatility. The proposed rules will help the committee address future market events and strike a balance between a transparent demand and price discovery process. As early as 2005, the SEC established a Regulation called Regulation SHO to restrict naked short selling. This Regulation stipulates that investors must have sufficient reasons to ensure that they have the ability to hold the shares to be shorted before the transaction is settled, otherwise they must add to their positions. Otherwise, it will be considered a failure to Deliver. If it is subsequently discovered that the naked short seller is suspected of shorting or manipulating the stock price, it will be considered illegal.</p><p>\"Naked short selling\" refers to an investment method in which investors sell non-existent stocks directly on the market without borrowing them, and then buy back the stocks to make a profit when the stock price falls further. Traders who engage in \"naked short selling\" succeed as long as they buy the stock before the settlement date. Because \"naked short selling\" involves selling non-existent stocks in large quantities, it can have a severe impact on stock prices.</p><p>Investors persist in concerns about market manipulation by short sellers, potential fraud, and a lack of publicly available data on short selling transactions. The proposed new regulations attempt to address this issue by further enhancing market transparency.</p><p>By design, the new rules will add so-called \"buy-back\" disclosures, which short-selling critics may welcome because it will aim to further curb so-called \"naked short selling.\" Following the outbreak of the 2008 global financial crisis, the U.S. Securities and Exchange Commission prohibited traders from using non-existent stocks to short publicly traded companies.</p><p>Late last year, the SEC proposed a rule requiring brokerage firms and asset managers that lend securities to short sellers to report data on each loan to regulators such as the Financial Industry Regulatory Authority within 15 minutes of the loan being made.</p><p>The SEC stated that it has extended the public comment period on the rule in light of its latest proposed rule changes.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3652877\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9b45ea8bb6e8a9c6428f1a279df367be","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3652877","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1165042671","content_text":"作者：粥七美东时间2月25日周五，美国证券交易委员会SEC表示其正在考虑一项新规，一些投资者机构或将被要求每月向SEC报告他们与卖空相关的活动，从而使SEC首次向公众提供详细的卖空数据，包括额空头头寸的汇总数据以及每日卖空数据。美国证券交易委员会主席Gary Gensler在一份新闻稿中表示：SEC一致投票提议制定规则和修正案，扩大投资公众和监管机构可获得卖空相关数据的范围。我很高兴支持这项提案，因为如果被采纳，将加强我们市场中一个重要领域的透明度，而这一领域将从更大的可见度和监督中受益。Gensler表示，新的规则制定将适用于持有至少1000万美元空头头寸或相当于总流通股2.5%以上的机构经理。对公众和委员会来说，更多了解这个重要的市场是很重要的，特别是在压力或波动的时候。拟议的规则将有助于委员会处理未来的市场事件，在透明的需求和价格发现过程之间取得平衡。早在2005年SEC就设立名为Regulation SHO的条例限制裸卖空行为，该项条例规定投资者在进行股票卖空时必须要有充分理由确保自己有能力在交易结算前持有要卖空的股票否则就要补仓，不然就算违约Fail to Deliver，如果事后被发现裸卖空者有抛空或狙击股价的嫌疑，则算犯法。“裸卖空”是指投资者没有借入股票而直接在市场上卖出根本不存在的股票，在股价进一步下跌时再买回股票获得利润的投资手法。进行“裸卖空”的交易者只要在交割日期前买入股票，交易即获成功。由于“裸卖空”卖出的是不存在的股票，量可能非常大，因此会对股价造成剧烈冲击。投资者认为卖空者操纵市场、可能存在欺诈行为以及缺乏卖空交易公开数据的问题依然翠在。此次提议的新规试图通过进一步增强市场透明度以弥补这一问题。按照设计，新规定将增加所谓的“买入-回补”的披露，卖空批评人士可能会欢迎这一规定，因为它将旨在进一步遏制所谓的“裸卖空”。2008年全球金融危机爆发后，美国证券交易委员会禁止交易员利用不存在的股票做空上市公司的股票。去年年底，SEC提出一项规则，要求向卖空者出借证券的经纪公司和资产管理公司在出借后15分钟内向金融业监管局等监督机构报告每笔贷款的数据。SEC表示，鉴于其最新的规则修改建议，其延长了对该规则的公众评论期。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007634010,"gmtCreate":1642863835945,"gmtModify":1676533753469,"author":{"id":"3571103870473964","authorId":"3571103870473964","name":"达达K","avatar":"https://community-static.tradeup.com/news/41bafef36a23fb83033bbcab994d18c7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571103870473964","authorIdStr":"3571103870473964"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9007634010","repostId":"115804487","repostType":1,"repost":{"id":115804487,"gmtCreate":1622966351649,"gmtModify":1704193909590,"author":{"id":"3567242485136825","authorId":"3567242485136825","name":"达达jam","avatar":"https://community-static.tradeup.com/news/8a49ecf9fb8dd1d923e4dc63be8734a5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567242485136825","authorIdStr":"3567242485136825"},"themes":[],"title":"","htmlText":"Yes,cary","listText":"Yes,cary","text":"Yes,cary","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/115804487","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":5942,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140030471,"gmtCreate":1625618645793,"gmtModify":1703744951428,"author":{"id":"3571103870473964","authorId":"3571103870473964","name":"达达K","avatar":"https://community-static.tradeup.com/news/41bafef36a23fb83033bbcab994d18c7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571103870473964","authorIdStr":"3571103870473964"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140030471","repostId":"1154903802","repostType":4,"repost":{"id":"1154903802","kind":"news","weMediaInfo":{"introduction":"中国智能硬件第一媒体","home_visible":1,"media_name":"雷峰网","id":"1035809132","head_image":"https://static.tigerbbs.com/e82b7d80628947a3824c7ea172002b74"},"pubTimestamp":1625611904,"share":"https://ttm.financial/m/news/1154903802?lang=en_US&edition=fundamental","pubTime":"2021-07-07 06:51","market":"us","language":"zh","title":"Amazon has achieved a phased victory! Microsoft loses $10 billion Department of Defense contract","url":"https://stock-news.laohu8.com/highlight/detail?id=1154903802","media":"雷峰网","summary":"当地时间周二，美国国防部宣布取消了一项价值100亿美元的云计算合同，该合同曾是亚马逊和微软之间的法律纠纷之一。\nJEDI，也称作联合企业防御基础设施，该交易已成为美国国防部最纠结的合同之一。美国国防部","content":"<p>On Tuesday local time, the U.S. Department of Defense announced the cancellation of a $10 billion cloud computing contract that had been...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>and<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>One of the legal disputes between them.</p><p>JEDI, also known as Joint Enterprise Defense Infrastructure, has become one of the most contentious contracts at the U.S. Department of Defense. In a press release on Tuesday, the U.S. Department of Defense said, \"As demand continues to evolve, cloud computing becomes more widespread, and the industry advances, JEDI can no longer meet the needs of the Department of Defense.\"</p><p>At the close of trading, Microsoft's stock price remained flat, while Amazon's stock price rose 4.69%, hitting a record high.</p><p><img src=\"https://static.tigerbbs.com/6e78dadc22376c6d1a9984b4ba7bf15c\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/9bf1b47bfdbdb0f5e1201e37886c398f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>But the battle over cloud computing projects doesn't seem to be completely over. The U.S. Department of Defense stated in a press release that it still needs enterprise-grade cloud capabilities, while also announcing a multi-vendor contract called Joint Operations Cloud Capabilities.</p><p>The U.S. Department of Defense also stated that, given that only Amazon and Microsoft are cloud service providers capable of meeting its needs, it is currently planning to solicit contract proposals from these two companies. However, the U.S. Department of Defense will continue to conduct market research to investigate whether other companies can also meet its own specifications.</p><p>In fact, the U.S. Department of Defense wanted to use this lucrative JEDI contract to modernize the Pentagon's IT operations through 10 years of service.</p><p>In 2019, Microsoft defeated Amazon to win the cloud computing contract. A month later, Amazon's cloud computing division filed a lawsuit in the U.S. Court of Federal Claims to protest JEDI's decision. Amazon stated that Trump's bias towards Amazon and Bezos led the U.S. Department of Defense to award the contract to Microsoft.</p><p>Last year, the U.S. Department of Defense's inspector general released a report stating that the grant was not influenced by the White House. However, he noted in a 313-page report released in April 2020 that there was limited cooperation from White House officials throughout the review process, making it impossible to assess the allegations of ethical misconduct.</p><p>In a blog post, Microsoft stated that the company understands the U.S. Department of Defense's decision to cancel the JEDI contract, but the legal battle surrounding the issue illustrates the need for reform.</p><p>Toni Townes-Whitley, president of Microsoft's U.S. regulatory practice, wrote: \"In the 20 months since the Department of Defense selected Microsoft as a JEDI partner, we want to emphasize an issue that policymakers need to pay attention to: when a company can postpone upgrading technology that can defend its people for years, this protest process needs to be reformed.\"</p><p>Townes-Whitley added, \"Despite this decision by the U.S. Department of Defense, it does not change the fact that, after careful review by professional procurement personnel, the Department of Defense determined not once but twice that Microsoft and Microsoft's technology best meet their needs.\"</p><p>This decision does not change the Department of Defense Inspector General's conclusion that there is no evidence of interference in the Department of Defense's procurement process, nor does it change the fact that the Department of Defense and other federal agencies, as well as large global enterprises, regularly choose Microsoft to support their cloud computing and digital transformation needs.</p><p>Amazon did not immediately respond to CNBC's request for comment.</p><p>In a telephone interview, a U.S. Department of Defense official said that Amazon's lawsuit was not the reason for changing the Pentagon's decision, but considering that the situation has changed during this period, the Pentagon's needs have also changed.</p><p>\"Mission requirements have always been our driving force,\" said John Sherman, acting chief information officer of the U.S. Department of Defense.</p><p>The U.S. Department of Defense stated that cloud vendors executing the new contract must meet several criteria, such as being globally available and possessing top-tier cybersecurity controls while operating in three classification levels (non-classified, confidential, or top secret).</p><p>Furthermore, the contract could be worth billions of dollars, although the maximum value is still being determined. The contract is expected to have a maximum term of five years, including a three-year performance base period and two one-year option periods.</p><p>Sherman stated that the Pentagon hopes the JWCC will be \"a bridge to achieve our long-term goals.\" He stated that he expects the U.S. Department of Defense to directly award contracts in April 2022, and to launch broader competition as early as 2025.</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>Amazon has achieved a phased victory! Microsoft loses $10 billion Department of Defense contract</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\">\nAmazon has achieved a phased victory! Microsoft loses $10 billion Department of Defense contract\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1035809132\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/e82b7d80628947a3824c7ea172002b74);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">雷峰网 </p>\n<p class=\"h-time smaller\">2021-07-07 06:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Tuesday local time, the U.S. Department of Defense announced the cancellation of a $10 billion cloud computing contract that had been...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>and<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>One of the legal disputes between them.</p><p>JEDI, also known as Joint Enterprise Defense Infrastructure, has become one of the most contentious contracts at the U.S. Department of Defense. In a press release on Tuesday, the U.S. Department of Defense said, \"As demand continues to evolve, cloud computing becomes more widespread, and the industry advances, JEDI can no longer meet the needs of the Department of Defense.\"</p><p>At the close of trading, Microsoft's stock price remained flat, while Amazon's stock price rose 4.69%, hitting a record high.</p><p><img src=\"https://static.tigerbbs.com/6e78dadc22376c6d1a9984b4ba7bf15c\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/9bf1b47bfdbdb0f5e1201e37886c398f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>But the battle over cloud computing projects doesn't seem to be completely over. The U.S. Department of Defense stated in a press release that it still needs enterprise-grade cloud capabilities, while also announcing a multi-vendor contract called Joint Operations Cloud Capabilities.</p><p>The U.S. Department of Defense also stated that, given that only Amazon and Microsoft are cloud service providers capable of meeting its needs, it is currently planning to solicit contract proposals from these two companies. However, the U.S. Department of Defense will continue to conduct market research to investigate whether other companies can also meet its own specifications.</p><p>In fact, the U.S. Department of Defense wanted to use this lucrative JEDI contract to modernize the Pentagon's IT operations through 10 years of service.</p><p>In 2019, Microsoft defeated Amazon to win the cloud computing contract. A month later, Amazon's cloud computing division filed a lawsuit in the U.S. Court of Federal Claims to protest JEDI's decision. Amazon stated that Trump's bias towards Amazon and Bezos led the U.S. Department of Defense to award the contract to Microsoft.</p><p>Last year, the U.S. Department of Defense's inspector general released a report stating that the grant was not influenced by the White House. However, he noted in a 313-page report released in April 2020 that there was limited cooperation from White House officials throughout the review process, making it impossible to assess the allegations of ethical misconduct.</p><p>In a blog post, Microsoft stated that the company understands the U.S. Department of Defense's decision to cancel the JEDI contract, but the legal battle surrounding the issue illustrates the need for reform.</p><p>Toni Townes-Whitley, president of Microsoft's U.S. regulatory practice, wrote: \"In the 20 months since the Department of Defense selected Microsoft as a JEDI partner, we want to emphasize an issue that policymakers need to pay attention to: when a company can postpone upgrading technology that can defend its people for years, this protest process needs to be reformed.\"</p><p>Townes-Whitley added, \"Despite this decision by the U.S. Department of Defense, it does not change the fact that, after careful review by professional procurement personnel, the Department of Defense determined not once but twice that Microsoft and Microsoft's technology best meet their needs.\"</p><p>This decision does not change the Department of Defense Inspector General's conclusion that there is no evidence of interference in the Department of Defense's procurement process, nor does it change the fact that the Department of Defense and other federal agencies, as well as large global enterprises, regularly choose Microsoft to support their cloud computing and digital transformation needs.</p><p>Amazon did not immediately respond to CNBC's request for comment.</p><p>In a telephone interview, a U.S. Department of Defense official said that Amazon's lawsuit was not the reason for changing the Pentagon's decision, but considering that the situation has changed during this period, the Pentagon's needs have also changed.</p><p>\"Mission requirements have always been our driving force,\" said John Sherman, acting chief information officer of the U.S. Department of Defense.</p><p>The U.S. Department of Defense stated that cloud vendors executing the new contract must meet several criteria, such as being globally available and possessing top-tier cybersecurity controls while operating in three classification levels (non-classified, confidential, or top secret).</p><p>Furthermore, the contract could be worth billions of dollars, although the maximum value is still being determined. The contract is expected to have a maximum term of five years, including a three-year performance base period and two one-year option periods.</p><p>Sherman stated that the Pentagon hopes the JWCC will be \"a bridge to achieve our long-term goals.\" He stated that he expects the U.S. Department of Defense to directly award contracts in April 2022, and to launch broader competition as early as 2025.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3473f757d00eee50292777a0505620c4","relate_stocks":{"AMZN":"亚马逊","MSFT":"微软"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154903802","content_text":"当地时间周二，美国国防部宣布取消了一项价值100亿美元的云计算合同，该合同曾是亚马逊和微软之间的法律纠纷之一。\nJEDI，也称作联合企业防御基础设施，该交易已成为美国国防部最纠结的合同之一。美国国防部在周二的一份新闻稿中表示：“随着需求的不断发展、云计算的普及以及行业的进步，JEDI已经不能满足国防部的需求。”\n截止收盘，微软股价持平，而亚马逊的股价上涨4.69%，创历史新高。\n\n但围绕云计算项目的争夺战似乎没完全结束。美国国防部在新闻稿中表示，国防部仍然需要企业级的云能力，同时宣布了一项称为联合作战人员云能力的多供应商合同。\n美国国防部还表示，考虑到只有亚马逊和微软是能满足其需求的云服务供应商，目前正计划向这两家企业征求合同提案。不过美国国防部也将继续通过市场研究调研其他公司，是否也能满足自己需要的规格。\n其实，美国国防部是想利用这份利润丰厚的JEDI合同，通过长达10年的服务让五角大楼的IT运营实现现代化。\n2019年微软击败亚马逊获得云计算的合同，一个月后亚马逊的云计算部门向美国联邦索赔法院提起诉讼，抗议JEDI的决定。亚马逊表示，特朗普对亚马逊和贝索斯的偏见导致了美国国防部将合同给了微软。\n去年，美国国防部监察长发布报告表示，该授予没受到白宫的影响。不过，他在2020年4月发布的一份313页的报告中指出，在整个审查过程中白宫官员的合作有限，因此无法对道德不端行为的指控进行评估。\n微软在一篇博客文章中表示，公司理解美国国防部取消JEDI合同的决定，但是围绕这一问题的法律斗争说明了改革的必要性。\n微软美国监管行业总裁Toni Townes-Whitley写到：“自国防部选择微软作为JEDI 合作伙伴以来的20个月，我们要强调一下关于决策者需要关注的问题：当一家公司可以推迟升级能捍卫国家人民的技术数年时，这种抗议的过程需要改革。”\nTownes-Whitley补充道：“尽管美国国防部下此决定，但是并没有改变这样的事实：经过专业采购人员的仔细审查，国防部不是一次而是两次认定微软和微软的技术最能满足他们的需求。\n这项决定也不会改变国防部监察长，关于没有证据表明国防部的采购过程受到干扰的结论，也没有改变这样的事实，即国防部和其他联邦机构、全球的大型企业，都选择微软来定期支持他们的云计算和数字化转型需求。”\n亚马逊没有立即回应CNBC的置评请求。\n美国国防部的一名官员在接受记者的电话采访中表示，亚马逊的诉讼并不是改变五角大楼决定的原因，但考虑到在这段时间内形势有变，五角大楼的需求也已经发生了变化。\n美国国防部代理首席信息官John Sherman表示：“任务需求一直是我们的驱动力。”\n美国国防部表示，关于执行新合同的云供应商必须满足几个标准，比如在三个分类级别（非机密、机密或绝密）中工作时，在全球范围内可用并拥有顶级的网络安全控制。\n并且，这份合同的价值或将达到数十亿美元，不过目前仍在确定最大值。并且预计该合同的最长期限为五年，包括三年的绩效基期和两个一年的期权期。\nSherman表示，五角大楼希望JWCC成为“我们实现长期目标的桥梁”。他表示，预计2022年4月美国国防部通过合同直接奖励，最快在2025年展开更广泛的竞争。","news_type":1,"symbols_score_info":{"AMZN":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":5147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151420210,"gmtCreate":1625103164030,"gmtModify":1703736170863,"author":{"id":"3571103870473964","authorId":"3571103870473964","name":"达达K","avatar":"https://community-static.tradeup.com/news/41bafef36a23fb83033bbcab994d18c7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571103870473964","authorIdStr":"3571103870473964"},"themes":[],"title":"","htmlText":"Agree ","listText":"Agree ","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/151420210","repostId":"1145558758","repostType":4,"repost":{"id":"1145558758","kind":"news","pubTimestamp":1625097574,"share":"https://ttm.financial/m/news/1145558758?lang=en_US&edition=fundamental","pubTime":"2021-07-01 07:59","market":"us","language":"zh","title":"Didi raised $4.4 billion through its IPO! Wall Street: Looking forward to the next chapter of growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1145558758","media":"腾讯网","summary":"腾讯证券7月1日讯，中国叫车服务公司滴滴表示，该公司在美国IPO（首次公开募股）交易中筹集到了44亿美元资金，其IPO发行价位于此前指导区间的上限，并增加了在此次交易中出售的股票数量。\n滴滴以每股14","content":"<p><a href=\"https://laohu8.com/S/00700\">Tencent</a>Securities News, July 1 – Chinese ride-hailing service Didi announced that it raised $4.4 billion in its U.S. IPO (Initial Public Offering) transaction, with its IPO price at the upper limit of its previous guidance range, and increased the number of shares sold in the transaction.<img src=\"https://static.tigerbbs.com/646222c7f7fcc0a6c4114072055815ca\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Didi sold 316.8 million American Depositary Shares (ADSs) at an IPO price of $14 per share, up from the previously planned 288 million. This would value Didi at approximately $73 billion on a fully diluted basis and $67.5 billion on an undiluted basis.</p><p>DIDI's stock has been listed on the New York Stock Exchange under the ticker symbol \"DIDI,\" opening at $18, up nearly 29% from its IPO price of $14 per share. As of press time, Didi's stock price was currently trading at $16.50, an increase of nearly 18%.</p><p>According to a source familiar with the matter, Didi's decision to increase the transaction size was made after investors oversubscribed its shares several times over. Previous reports indicated that Didi's IPO was relatively conservative compared to its initial target of a valuation of up to $100 billion, and the company scaled back the size of the deal at a briefing with investors ahead of the IPO. The report states that investors are hesitant about the $100 billion target because they are concerned that the company's future growth prospects may be uncertain.</p><p>Didi's IPO took place in 2014.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>This is the largest IPO by a Chinese company in the United States since the group (NYSE:BABA) raised $25 billion in its U.S. IPO. This year, IPO activity has been volatile and record-breaking as companies scramble to \"capture\" lucrative valuations in the U.S. stock market.</p><p><b>The valuation is quite attractive</b></p><p>\"The volatile IPO environment has helped lower (Didi's) IPO price, and its valuation looks quite attractive,\" London-based independent analyst Douglas Kim wrote on the platform of fintech company Smartkarma.</p><p>The shares Didi originally planned to sell in its IPO sold out ahead of schedule on the first day of the inquiry last week, and investors' books were closed on Monday, a day ahead of schedule. Didi granted the underwriters an over-allotment option, allowing them to sell an additional 43.2 million American Depositary Shares to expand the trading volume.</p><p>Didi was co-founded in 2012 by former Alibaba employee Cheng Wei, who currently serves as Didi's CEO. Another co-founder is a former<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Liu Qing, a banker, currently serves as the president of Didi.</p><p>The company's main backers include SoftBank Group and<a href=\"https://laohu8.com/S/UBER\">Uber</a>(NYSE:UBER) and others. Didi is best known for successfully driving Uber out of the Chinese market. The American company had previously lost a price war and eventually sold its Chinese business to Didi in exchange for shares. Liu Zhen, then president of Uber China, was Liu Qing's cousin.</p><p>Didi dominates the Chinese market, but Geely and<a href=\"https://laohu8.com/S/600104\">SAIC Motor</a>Car manufacturers' ride-hailing services are grabbing market share. Uber has secured a foothold in the European and South American markets where Didi is expanding its business.</p><p>Like most ride-hailing companies, Didi has historically failed to achieve profitability, only reporting a profit of $30 million in the first quarter of this year. According to a regulatory filing, Didi suffered a loss of $1.6 billion last year due to a decline in business during the pandemic, with revenue falling 8% to $21.63 billion.</p><p><b>Symbol of two trends</b></p><p>According to data provider Refinitiv, Chinese companies raised approximately $12 billion in U.S. IPOs in 2020, and so far in 2021, Chinese companies have raised nearly $8 billion, more than three times the amount raised in the same period last year. Meanwhile, while many major Chinese technology companies are listed in the United States, a large number of Wall Street-listed Chinese companies have recently conducted secondary offerings in Hong Kong, allowing them to establish a stronger foothold closer to their home markets.</p><p>In Didi's case, the company can be seen as a symbol of both trends. According to Dealogic data, Didi's IPO makes it one of the top ten companies to list in the United States over the past 10 years, and the fourth largest Chinese company to list in the United States on record. However, according to a source familiar with the matter, the company has been considering a secondary listing in Hong Kong in recent months.</p><p>With 377 million annual active users in China, Didi gained support from heavyweights such as Apple Inc. (NASDAQ:AAPL), SoftBank, and Alibaba shortly after its founding in 2012, while also beating off competitors. In 2015, Didi acquired its biggest domestic competitor, Kuaidi Dache; Shortly after, the merged company renamed its flagship application<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>。</p><p>After Didi acquired Uber's China business in 2016, Travis Kalanick, who had served as the latter's CEO, acknowledged that Didi was \"a strong competitor\" and agreed to a share swap between the two companies. At the end of last year, Didi withdrew its stake in Uber, while Uber retained approximately 12% of Didi's shares.</p><p><b>Rapid business development</b></p><p>Since then, Didi has grown rapidly and now offers a full range of services, including ride-hailing, bike-sharing, taxis, and carpooling. Didi now claims to be the world's largest mobile platform, with users in China and 15 other countries, including Brazil, Mexico, and Russia. However, Didi remains heavily reliant on the domestic market, with more than 93% of its sales coming from China.</p><p>Didi is seeking to change this, stating in a filing with the U.S. Securities and Exchange Commission (SEC) that it plans to use one-third of the funds raised to expand its business outside of China.</p><p>“We aspire to become a truly global technology company,” Cheng Wei and Liu Qing wrote in a letter to investors.</p><p>The other third of the funds will be used to develop technologies in areas such as electric vehicles and autonomous driving, while the remainder will be used to develop new products or services, or other strategic investments. In their letter, Cheng Wei and Liu Qing stated that the company is exploring the launch of new products in areas such as \"intra-city freight, community group buying, and food delivery.\"</p><p>“Didi is an outstanding, founder-led, industry-leading innovator,” Jim Breyer, one of Didi’s investors and founder and CEO of investment firm Breyer Capital, said in an email. “Since my first investment several years ago, I have had the privilege of observing their leadership and look forward to their next chapter in growth.” (Nebula)</p>","source":"lsy1571985465872","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>Didi raised $4.4 billion through its IPO! Wall Street: Looking forward to the next chapter of growth</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\">\nDidi raised $4.4 billion through its IPO! Wall Street: Looking forward to the next chapter of growth\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯网</strong><span class=\"h-time small\">2021-07-01 07:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/00700\">Tencent</a>Securities News, July 1 – Chinese ride-hailing service Didi announced that it raised $4.4 billion in its U.S. IPO (Initial Public Offering) transaction, with its IPO price at the upper limit of its previous guidance range, and increased the number of shares sold in the transaction.<img src=\"https://static.tigerbbs.com/646222c7f7fcc0a6c4114072055815ca\" tg-width=\"1000\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p><p>Didi sold 316.8 million American Depositary Shares (ADSs) at an IPO price of $14 per share, up from the previously planned 288 million. This would value Didi at approximately $73 billion on a fully diluted basis and $67.5 billion on an undiluted basis.</p><p>DIDI's stock has been listed on the New York Stock Exchange under the ticker symbol \"DIDI,\" opening at $18, up nearly 29% from its IPO price of $14 per share. As of press time, Didi's stock price was currently trading at $16.50, an increase of nearly 18%.</p><p>According to a source familiar with the matter, Didi's decision to increase the transaction size was made after investors oversubscribed its shares several times over. Previous reports indicated that Didi's IPO was relatively conservative compared to its initial target of a valuation of up to $100 billion, and the company scaled back the size of the deal at a briefing with investors ahead of the IPO. The report states that investors are hesitant about the $100 billion target because they are concerned that the company's future growth prospects may be uncertain.</p><p>Didi's IPO took place in 2014.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>This is the largest IPO by a Chinese company in the United States since the group (NYSE:BABA) raised $25 billion in its U.S. IPO. This year, IPO activity has been volatile and record-breaking as companies scramble to \"capture\" lucrative valuations in the U.S. stock market.</p><p><b>The valuation is quite attractive</b></p><p>\"The volatile IPO environment has helped lower (Didi's) IPO price, and its valuation looks quite attractive,\" London-based independent analyst Douglas Kim wrote on the platform of fintech company Smartkarma.</p><p>The shares Didi originally planned to sell in its IPO sold out ahead of schedule on the first day of the inquiry last week, and investors' books were closed on Monday, a day ahead of schedule. Didi granted the underwriters an over-allotment option, allowing them to sell an additional 43.2 million American Depositary Shares to expand the trading volume.</p><p>Didi was co-founded in 2012 by former Alibaba employee Cheng Wei, who currently serves as Didi's CEO. Another co-founder is a former<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Liu Qing, a banker, currently serves as the president of Didi.</p><p>The company's main backers include SoftBank Group and<a href=\"https://laohu8.com/S/UBER\">Uber</a>(NYSE:UBER) and others. Didi is best known for successfully driving Uber out of the Chinese market. The American company had previously lost a price war and eventually sold its Chinese business to Didi in exchange for shares. Liu Zhen, then president of Uber China, was Liu Qing's cousin.</p><p>Didi dominates the Chinese market, but Geely and<a href=\"https://laohu8.com/S/600104\">SAIC Motor</a>Car manufacturers' ride-hailing services are grabbing market share. Uber has secured a foothold in the European and South American markets where Didi is expanding its business.</p><p>Like most ride-hailing companies, Didi has historically failed to achieve profitability, only reporting a profit of $30 million in the first quarter of this year. According to a regulatory filing, Didi suffered a loss of $1.6 billion last year due to a decline in business during the pandemic, with revenue falling 8% to $21.63 billion.</p><p><b>Symbol of two trends</b></p><p>According to data provider Refinitiv, Chinese companies raised approximately $12 billion in U.S. IPOs in 2020, and so far in 2021, Chinese companies have raised nearly $8 billion, more than three times the amount raised in the same period last year. Meanwhile, while many major Chinese technology companies are listed in the United States, a large number of Wall Street-listed Chinese companies have recently conducted secondary offerings in Hong Kong, allowing them to establish a stronger foothold closer to their home markets.</p><p>In Didi's case, the company can be seen as a symbol of both trends. According to Dealogic data, Didi's IPO makes it one of the top ten companies to list in the United States over the past 10 years, and the fourth largest Chinese company to list in the United States on record. However, according to a source familiar with the matter, the company has been considering a secondary listing in Hong Kong in recent months.</p><p>With 377 million annual active users in China, Didi gained support from heavyweights such as Apple Inc. (NASDAQ:AAPL), SoftBank, and Alibaba shortly after its founding in 2012, while also beating off competitors. In 2015, Didi acquired its biggest domestic competitor, Kuaidi Dache; Shortly after, the merged company renamed its flagship application<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>。</p><p>After Didi acquired Uber's China business in 2016, Travis Kalanick, who had served as the latter's CEO, acknowledged that Didi was \"a strong competitor\" and agreed to a share swap between the two companies. At the end of last year, Didi withdrew its stake in Uber, while Uber retained approximately 12% of Didi's shares.</p><p><b>Rapid business development</b></p><p>Since then, Didi has grown rapidly and now offers a full range of services, including ride-hailing, bike-sharing, taxis, and carpooling. Didi now claims to be the world's largest mobile platform, with users in China and 15 other countries, including Brazil, Mexico, and Russia. However, Didi remains heavily reliant on the domestic market, with more than 93% of its sales coming from China.</p><p>Didi is seeking to change this, stating in a filing with the U.S. Securities and Exchange Commission (SEC) that it plans to use one-third of the funds raised to expand its business outside of China.</p><p>“We aspire to become a truly global technology company,” Cheng Wei and Liu Qing wrote in a letter to investors.</p><p>The other third of the funds will be used to develop technologies in areas such as electric vehicles and autonomous driving, while the remainder will be used to develop new products or services, or other strategic investments. In their letter, Cheng Wei and Liu Qing stated that the company is exploring the launch of new products in areas such as \"intra-city freight, community group buying, and food delivery.\"</p><p>“Didi is an outstanding, founder-led, industry-leading innovator,” Jim Breyer, one of Didi’s investors and founder and CEO of investment firm Breyer Capital, said in an email. “Since my first investment several years ago, I have had the privilege of observing their leadership and look forward to their next chapter in growth.” (Nebula)</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://new.qq.com/omn/20210701/20210701A00SS700.html\">腾讯网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/646222c7f7fcc0a6c4114072055815ca","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/omn/20210701/20210701A00SS700.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145558758","content_text":"腾讯证券7月1日讯，中国叫车服务公司滴滴表示，该公司在美国IPO（首次公开募股）交易中筹集到了44亿美元资金，其IPO发行价位于此前指导区间的上限，并增加了在此次交易中出售的股票数量。\n滴滴以每股14美元的IPO价格出售了3.168亿股美国存托股票（ADS），高于此前计划的2.88亿股，这将使滴滴在完全稀释的基础上估值约为730亿美元，在非稀释的基础上估值为675亿美元。\n滴滴的股票已经以“DIDI”为代码在纽约证券交易所挂牌交易，开盘价为18美元，与每股14美元的IPO发行价相比上涨近29%。截至发稿，滴滴股价最新报16.5美元，涨幅为接近18%。\n据一位熟知内情的消息人士透露，提高交易规模的决定是滴滴在投资者对其股票进行了数倍的超额认购后做出的。此前曾有报道称，滴滴的IPO与最初估值最高可达1000亿美元的目标相比较为保守，该公司在IPO启动前与投资者举行的简报会上削减了这笔交易的规模。报道称，投资者之所以会对1000亿美元的目标犹豫不决，是因为担心该公司未来的增长前景可能会有不确定性。\n滴滴IPO是自2014年阿里巴巴集团（NYSE:BABA）赴美上市筹集250亿美元资金以来，中国公司在美国规模最大的一次IPO交易。今年，随着企业争先恐后地想要“捕捉”美国股市利润丰厚的估值，IPO活动出现了动荡和创纪录的局面。\n估值颇具吸引力\n伦敦独立分析师道格拉斯·金（Douglas Kim）在金融科技公司Smartkarma的平台上撰文称：“动荡的IPO环境帮助降低了（滴滴的）IPO价格，其估值看起来颇具吸引力。”\n滴滴原计划在IPO中出售的股票在上周开始询价的第一天就已经提前售罄，投资者的账簿在本周一结账，比原计划提前了一天。滴滴向承销商授予了超额配售选择权，使其可以额外出售4320万股美国存托股票以扩大交易规模。\n滴滴于2012年由前阿里巴巴员工程维联合创立，他目前担任滴滴的首席执行官。另一名联合创始人是前高盛银行家柳青，她目前担任滴滴总裁。\n该公司的主要支持者包括软银集团和优步（NYSE:UBER）等。滴滴以成功将优步赶出中国市场而闻名，此前这家美国公司在价格战中失败，最终将其中国业务出售给滴滴以换取股份，时任优步中国总裁的柳甄是柳青的堂妹。\n滴滴在中国市场上占据着主导地位，不过吉利和上汽集团等汽车制造商的叫车服务正在抢占市场份额。在滴滴正在进行业务扩张的欧洲和南美市场上，优步占据了一席之地。\n与大多数叫车公司一样，滴滴在历史上一直都没能实现盈利，直到今年第一季度才报告盈利3000万美元。根据一份监管申报文件，由于疫情期间业务下滑，滴滴去年亏损16亿美元，营收下降8%至216.3亿美元。\n两种趋势的象征\n据数据提供商Refinitiv的数据显示，2020年里中国公司从美国IPO上市交易中总共筹集了大约120亿美元资金，而2021年到目前为止，中国公司已经筹集了近80亿美元资金，是去年同期的三倍多。与此同时，虽然许多主要的中国科技公司在美国挂牌上市，但最近一大批在华尔街上市的中国公司在香港进行了二次发行，这样一来它们就可以在离本土市场更近的地方建立更加牢固的根基。\n就滴滴而言，该公司可以说是这两种趋势的象征。根据Dealogic的数据，滴滴的IPO交易使其成为过去10年以来在美国上市的前十大公司之一，也是有记录以来第四大中国公司赴美IPO上市交易。但据一位熟知内情的消息人士透露，最近几个月以来，该公司也正在考虑在香港二次上市。\n滴滴在中国拥有3.77亿名年度活跃用户，该公司在2012年成立之后不久就赢得了苹果公司（NASDAQ:AAPL）、软银和阿里巴巴等重量级公司的支持，同时也击退了竞争对手。在2015年，滴滴收购了最大的本土竞争对手快的打车；不久之后，合并后的新公司将其旗舰应用程序更名为滴滴出行。\n在2016年滴滴收购优步的中国业务之后，曾担任后者首席执行官的特拉维斯·卡兰尼克（Travis Kalanick）承认，滴滴是“一个有力的竞争对手”，并同意让两家公司交换股份。在去年年底，滴滴退出了对优步的持股，而优步则保留了滴滴大约12%的股份。\n业务迅速发展\n自那以后，滴滴迅速发展，现在该公司提供一整套服务，包括叫车、共享单车、出租车和拼车服务等。滴滴现在自称是世界上最大的移动平台，在中国和包括巴西、墨西哥和俄罗斯在内的其他15个国家都拥有用户。但是，滴滴仍然极度依赖国内市场，其93%以上的销售额都来自中国。\n滴滴正在寻求改变这一点，该公司在提交给美国证券交易委员会（SEC）的一份文件中表示，计划将募集资金的三分之一用于扩大中国以外的业务。\n“我们渴望成为一家真正的全球科技公司。”程维和柳青在致投资者的一封信中写道。\n另外三分之一的资金将用于开发电动汽车和自动驾驶等领域的技术，其余的则将用于开发新产品或服务，或其他战略投资。程维和柳青在信中表示，该公司正在探索在“市内货运、社区团购和送餐”等领域中推出新产品。\n“滴滴是一个出色的、由创始人引领的、行业领先的创新者。”滴滴的投资者之一、投资公司Breyer Capital的创始人及首席执行官吉姆·布雷耶（Jim Breyer）在一封电子邮件中表示。“自从几年前我第一次投资以来，我就有幸观察到他们的领导力，并期待着他们的下一个增长篇章。”（星云）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":7821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169193508,"gmtCreate":1623820125404,"gmtModify":1703820488864,"author":{"id":"3571103870473964","authorId":"3571103870473964","name":"达达K","avatar":"https://community-static.tradeup.com/news/41bafef36a23fb83033bbcab994d18c7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571103870473964","authorIdStr":"3571103870473964"},"themes":[],"title":"","htmlText":"Good buy","listText":"Good buy","text":"Good buy","images":[{"img":"https://static.tigerbbs.com/12e5354e81fa826b5ea6d29ac5d6c66c","width":"1080","height":"2101"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169193508","isVote":1,"tweetType":1,"viewCount":4967,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}