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04/05/2025
Insiders say that the eight OPEC+ countries will meet again on June 1st.
Latest
8 m ago
Tesla has released a dedicated USB flash drive with a capacity of 512GB, priced at 599 yuan, designed specifically for the Sentry Mode and dashcam features in vehicles. This USB drive was launched on May 3 on the Tesla App and WeChat mini program. Although the official specifications, such as read and write speeds, have not been provided, it meets Tesla's requirements for storage devices for Sentry Mode and dashcams, which include a storage space greater than or equal to 64GB, a continuous write speed of at least 4MB/s, and compatibility with USB 2.0. Currently, many car owners choose to assemble M.2 SSDs and hard drive cases to meet their vehicle's storage needs, but this method carries compatibility and stability risks. Although Tesla's official USB drive is relatively expensive, it provides a more reliable solution for car owners, ensuring the stable operation of the Sentry Mode and dashcam features and providing strong guarantees for vehicle safety and recordkeeping.
17 m ago
Chinese-funded Hong Kong stocks are expected to hit a new high in the second quarter of dividends.
17 m ago
Chinese companies listed in Hong Kong are about to enjoy an early dividend season this year, with dividends planned for the first half of the year significantly increasing compared to previous years when they were concentrated in the third quarter. Data shows that as of April 30, the total amount of dividends planned by Chinese companies listed in Hong Kong for the second quarter this year reached $36.1 billion, the highest in the same period since records began. In contrast, the total amount of dividends planned for the third quarter is only $23.2 billion, even with about $8.6 billion still undecided - a significant decrease compared to previous years. "The early release of mid-term dividends in the first quarter has caused a decrease in dividend volume in June to August this year, which will also reduce pressure on exchange rates," said Zhang Meng, a foreign exchange strategist at Barclays Bank in Singapore in an interview. This not only means that the depreciation pressure on the RMB due to dividends and buybacks in the middle of the year will decrease, but also that the pressure for the Hong Kong dollar to appreciate will decrease.
42 m ago
Foreign-funded securities firms released their performance in 2024! Goldman Sachs takes the lead, with many posting doubled net profits.
42 m ago
Recently, with the completion of the 2024 annual reports of the securities industry on the China Securities Industry Association website, the performance of foreign securities firms in 2024 has been fully disclosed. Overall, the operating income of foreign securities firms in 2024 has increased compared to 2023. Looking at the performance of various well-known foreign securities firms, Goldman Sachs (China) led the pack in terms of performance in 2024, with a net profit increase of 158% to 498 million yuan; while Morgan Stanley Securities achieved a net profit of 259 million yuan last year, both securities firms achieved a net profit increase of over 100% year-on-year in 2024. UBS Securities achieved a net profit of 150 million yuan in 2024, a significant increase of 693% compared to 2023. Morgan Stanley Securities made a profit of 18 million yuan in 2024, turning losses into gains compared to 2023. However, there are still many foreign securities firms in a loss-making state in 2024, including Nomura Oriental International Securities, Daiwa Securities, Credit Suisse Securities, DBS Securities, etc. (Securities China).
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