Alex Yang, Co-founder, COO and CFO of Tuya Smart, discusses how the company is extending beyond Internet of Things to grow its AI business. He speaks with David Ingles and Yvonne Man on Bloomberg's The China Show. (Source: Bloomberg)

化工期货走高，郑商所烧碱主力合约大涨6%，报2443元/吨，大商所乙二醇主力合约大涨5%，报4598元/吨，大商所聚氯乙烯（PVC）主力合约涨超3%，报5440元/吨。

Hao Zhou, economist at Guotai Haitong Securities, says strong export momentum is helping China’s economy start 2026 on solid footing and is bolstering investor confidence in the country’s “go global” story. He speaks with David Ingles and Yvonne Man on Bloomberg's The China Show. (Source: Bloomberg)

“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)

近日，《广东省加快培育发展新赛道引领现代化产业体系建设行动规划(2026—2035年)》正式发布，围绕智能链接、生物融合、先进制造（883433）、空间拓展、未来能源（850101）、品质生活六大领域，重点布局了53个新赛道。规划明确，到2030年，全省新赛道培育促进机制初步形成，力争培育形成万亿元级赛道3个以上、五千亿元级赛道5个以上、千亿级元赛道10个以上。(广东发布)

Polymarket, the world's largest prediction market, said Tuesday it had formed a partnership with Palantir Technologies to monitor its sports betting markets; a move that comes as the platform faces an intensifying wave of insider trading allegations. The tie-up will use Vergence AI, a joint venture between Palantir and TWG AI launched last year, to monitor trades in near real-time, screen out prohibited participants and generate automated compliance reports. Once dismissed as a niche crypto curiosity, prediction markets have burst into the mainstream in just a few years, striking partnerships with major news organisations as real-time forecasting tools, and positioning themselves as an alternative to both traditional polling and licensed sports gambling. Polymarket allows users to buy and sell shares tied to the probability of real-world events, from election outcomes to military strikes. But the growth and visibility have brought growing pressure on Polymarket and its archrival Kalshi over suspected abuse of privileged information. Several accounts reportedly made around $1.2 million in profits on Polymarket after placing bets predicting US military action against Iran hours before the strikes began. Crypto-analytics firm Bubblemaps identified what it called "six suspected insiders" behind the wagers. In January, a separate trader reportedly earned over $400,000 after betting that Venezuelan leader Nicolas Maduro would be removed from power, shortly before reports emerged of an operation targeting him. US Senators Jeff Merkley and Amy Klobuchar have introduced the End Prediction Market Corruption Act, which would bar the president, vice president and members of Congress from trading event contracts on prediction platforms, and impose fines for violations. Sports markets have drawn separate scrutiny. According to the Wall Street Journal, an anonymous day-old Polymarket account had correctly predicted 17 out of around 20 bets about the Super Bowl halftime show, stron...

格隆汇3月11日丨力量发展(01277.HK)涨6.79%，报2.3600港元，股价创历史新高，总市值198.95亿港元。

(RTTNews) - European stocks may open flat to slightly higher on Friday as investors await the U.S. Labour Department's highly anticipated monthly jobs report later in the day for more clarity regarding the outlook for the U.S. economy and interest rates. Economists currently expect the report to show employment rose by 140,000 jobs in September after an increase of 142,000 jobs in August. The unemployment rate is expected to hold at 4.2 percent. CME Group's FedWatch Tool currently indicates a 65.4 percent chance the Fed will lower rates by a quarter point and a 34.6 percent chance of another half point rate cut in November. Focus will also shift to the earnings season, with some of the big U.S. banks expected to kick off the third-quarter earnings season at the end of next week. Asian stocks were broadly higher, with Hong Kong's Hang Seng rising nearly 2 percent on optimism about potential stimulus measures from China. Gains elsewhere remained muted due to worsening tensions in the Middle East. Israel on Thursday said it hit Hezbollah's intelligence headquarters in the Lebanese capital Beirut amid growing fears of an all-out war in the region. U.S. President Joe Biden said the U.S. was discussing whether to support potential Israeli strikes against Iranian oil facilities. The dollar hovered near a six-week high and headed for its biggest weekly gain since April, driven by safe-haven demand. Gold edged higher while oil prices were little changed after rallying about 5 percent in the overnight U.S. trading session. Both Brent and WTI crude contracts remain on track for weekly gains of around 8 percent as traders priced in the likelihood of supply disruptions in the Middle East, which accounts for about a third of global supply. U.S. stocks finished slightly lower overnight as the payrolls report loomed and concerns mounted over a widening regional conflict in the Middle East. In economic news, weekly jobless claims saw a modest increase last week while U.S. service se...

騰訊控股(00700)出現大手買入4.2萬股，成交價$553.0，涉資2.323千萬 AASTOCKS.com

沪银主力合约短线下挫 2026-03-11 13:32:05 来源： 同花顺7x24快讯 分享 文章提及标的 沪银主力合约 -- 沪银主力合约短线下挫，日内涨幅收窄至0.78%，现报22318元/千克。 涨跌都能赚 盈利就能离场！点击开通期货“T+0、双向交易”特权！>>>

格隆汇3月11日｜沪银主力合约短线下挫，日内涨幅收窄至0.78%，现报22318元/千克。

騰訊控股(00700)出現大手買入1.81萬股，成交價$552.5，涉資1千萬 AASTOCKS.com

5 Must-Read Analyst Questions From Broadcom’s Q4 Earnings Call The Globe and Mail

騰訊控股(00700)出現大手買入1.12萬股，成交價$552.0，涉資618.24萬 AASTOCKS.com

騰訊控股(00700)出現大手賣出1.07萬股，成交價$552.5，涉資591.175萬 AASTOCKS.com

格隆汇3月11日｜国盛证券研报指出，高增长与高分红兼备，市场活跃+AI驱动同花顺业绩超预期。分业务来看，公司广告及互联网业务推广服务实现营收34.62亿元，占比57.43%，同比+70.98%；增值电信服务实现营收19.51亿元，占比32.35%，同比+20.71%；基金销售及其他交易手续费营收2.17亿元，占比3.60%，同比+14.24%；软件销售及维护服务3.99亿元，占比6.62%，同比+12.12%。高现金分红+转股，回报股东意愿超预期。此外，问财大模型未来可期，AI金融应用持续落地。公司业务与证券市场活跃度存在高度相关性，维持“买入”评级。

Earnings Call Insights: The Beachbody Company, Inc. (BODI) Q4 2025 Management View Mark Goldston, Executive Chairman, highlighted that 2025 was a “transitional year for BODi” following the shift from the multilevel marketing (MLM) business model to a five-pronged omnichannel model. He stated, “As a result of the dramatic shift in our business model, year-over-year comparisons are not really relevant from a revenue perspective, because we're no longer utilizing the tens of thousands of former MLM sellers.” Goldston detailed, “We achieved positive net income in Q3 2025. And today, we're reporting that we achieved positive net income in Q4 of 2025, and we've achieved positive adjusted net income for the full year 2025. We also achieved positive operating income in both Q4 and for the full year of 2025.” He emphasized the upcoming retail entry: “We're going to enter the retail market of grocery, drug stores, mass merchants and club stores for the first time ever in Q2 of this year with our new P90X line of nutritional supplements, a new 7-serve $34.99 form factor of our Shakeology brand... Shakeology... has never been sold at retail.” Carl Daikeler, Co-Founder and CEO, indicated, “Our supplement strategy represents a significant business model shift... We'll soon offer our highly effective supplements under the P90X and Shakeology brands at $15 to $35 price points with healthy margins.” Brad Ramberg, Interim Chief Financial Officer, reported, “For the quarter, we exceeded our guidance for net income and adjusted EBITDA while producing revenues that were above the midpoint of guidance.” Outlook Ramberg guided, “We expect first quarter revenues to be in the range of $49 million to $54 million, net income to be in the range of negative $2 million to positive $1 million, and adjusted EBITDA to be in the range of $4 million to $7 million.” Management highlighted a notable shift: “We currently expect a notable shift by the end of '26 to a much larger percentage of our busines...

fatido JPMorgan Chase ( JPM ) ⁠has marked ​down ‌the value ‌of ⁠certain loans ⁠held by private-credit groups ​and ​is tightening its ⁠lending to ⁠the ⁠sector, the ​ Financial Times reported ​on ⁠Wednesday. The move limits how much the U.S. bank lends to private credit groups against those loans into the future, according to the report, which cited people familiar with the matter. The devalued loans are to software companies, the report said, a sector that’s been in the spotlight in recent weeks. Chief Executive Officer Jamie Dimon told investors at the bank’s leveraged finance conference last week that it’s being more prudent in lending against software assets, the report said. One person familiar said the move was made preemptively to reduce the amount of credit available to the funds. Private credit executives said they hadn’t seen other banks take a similar view, the FT reported. A wave of worry about climbing defaults on loans to software companies is setting up firms in the private credit market for a shakeout, Apollo Global Management ( APO ) CEO Marc Rowan said recently. BlackRock ( BLK ) has meanwhile curbed withdrawals from its private credit fund after a surge in redemption requests, becoming the latest to be highlighted in the broader private credit issue. In February, Blue Owl Capital ( OWL ) permanently restricted withdrawals from a $1.6B private credit vehicle and sold $1.4B in loans to pension funds and its own insurance company. More on JPMorgan Chase JPMorgan Chase: Stretched Near 2.2x P/B, Concerning Price Action (Downgrade) JPMorgan Chase & Co. (JPM) Discusses Strategic Framework and Firm Overview with Executive Q&A Transcript JPMorgan Chase: Common And Preferred Shares Diverge In 2026 JPMorgan employees can sue over bank allowing excessive payments to ​CVS Caremark, says judge - report Big banks in top losers; Circle Internet, Coinbase, SoFi among gainers - week's financials wrap

别把油价上涨当复苏利好，它只是供给侧的一次成本冲击。 最近油价一路狂飙，不少人拍着大腿欢呼： 太好了，物价涨起来，通缩就走了！ 这话听着顺耳，逻辑却完全跑偏——把成本推动型涨价当成需求拉动型复苏，本质是把止痛药当特效药，把虚火当元气。 先把话挑明：油价上涨确实会推高原油、化工、物流等链条成本，一部分会传导到消费品，让CPI、PPI数据好看一点。 但数据上的通胀回升不等于真实的经济回暖，这就像一个人脸色发红，可能是运动后气血通畅，也可能是发烧上火，二者天差地别。 很多人搞不懂两种通胀的区别，我用大白话讲清楚：需求拉动型通胀，是大家手里有钱愿意花，抢着买东西，企业订单爆满，敢涨价、敢扩产、敢招人，这是良性循环，是真复苏。 成本推动型通胀，是原材料先涨价，企业被迫加价，但消费者不买单，需求没起来，利润被硬生生吃掉，这是恶性循环，是滞胀的前兆。油价推出来的“通胀”，恰恰是后者。 对原本就订单不足、库存高企的大多数企业来说，油价上涨不是雪中送炭，而是雪上加霜。物流、制造、零售、餐饮、电商，几乎全行业都要为燃油和原料多掏钱。成本涨了，终端需求疲软，你敢大幅涨价吗？不敢。涨价就丢订单，不涨价就吞亏损。 结果很现实：营收没增加，利润被压缩，现金流更紧张。企业最理性的选择是什么？降本、缩产、缓投资、慎招人。 本来还想换设备、扩生产线，现在先把预算砍半；本来还想招几个人，现在先稳住现有岗位。投资意愿一收缩，就业和收入就承压，居民更不敢消费。 通缩的核心不是 “ 价格低 ” ，而是需求弱、预期差、循环冷。 油价带来的是 “ 被动涨价 ” ，不是 “ 主动消费 ” 。 老百姓加油更贵、买菜更贵、寄快递更贵，但工资没涨，奖金没多，只能压缩非必要开支：少下馆子、少买新衣、少换手机、少出门旅游。刚性支出占比越高，非必需消费越少，总需求越冷。 这就形成一个扎心闭环： 油价涨→企业成本升→利润缩→投资与用工收缩→居民收入与预期转弱→消费更谨慎→企业订单更少→通缩压力更大。 看上去物价被油价托了一下，内里却是需求在持续失血。用成本上涨治需求不足，好比给贫血的人吃升压药，数字好看了，身体更虚了。我们再算一笔明白账：油价对CPI的拉动很有限，对企业利润的杀伤却很直接。 作为原油进口大国，每一轮油价大涨，都相当于向外支付一笔“能源税”，再向内转移成本压力。上游油企日子好过，但中下游千千万万中小制造、商贸、服...

01 湖北，走出“一城独大” 3月8日，武汉官方转发了一篇标题为《重仓“金三角”，中部最强省会走出“一城独大”》的文章。 本号仔细通读了全文，可以用一句话进行总结： 湖北要摆脱过去的一城独大、单极发展模式，开始多极布局，重仓“武汉-襄阳-宜昌”黄金三角。 文章核心观点正是前两天两会上湖北省所宣布的内容，从“一城独大”到“多极支撑”。 当然，湖北所谓的走出一城独大，并非是要削弱省会武汉的强，而是要做强做大襄阳、宜昌，让后者成为省会更好的帮手。 文章强调： 湖北正着力破局，提出以武汉、襄阳、宜昌构成的“金三角”协同高质量发展战略。这并非简单的三城相加，而是一个具备战略支撑的协同结构。 战略目的不是削弱武汉的中心地位或平均分配资源，而是为“单打独斗”的武汉寻找帮手，通过多极支撑让武汉在更高层级的竞争中变得更强大，最终实现区域整体繁荣。 事实上，湖北为摆脱对武汉的单极依赖，早在25年前就开始布局。 2001年，湖北省率先提出了省域副中心城市概念和一主两副发展格局。2003年国务院批复的《湖北省城镇体系规划》，首次明确宜昌、襄阳为省域副中心城市。 之后，各省的省域副中心纷至沓来。 制图：城市财经；资料来源：政府文件与媒体报道梳理 二十多年前的布局，只是为了今天的走出“一城独大”做铺垫。 02 “一城独大”OR“均衡发展”，谁更好？ 和湖北做出一样选择的，还有陕西。 陕西在其发布的“十五五规划建议”中明确提出： 实施“双极带动、多点支撑、三区协同”战略，强化西安、榆林两大增长极对全省发展的带动作用，持续提升其他城市支撑作用，更好实现关中陕北陕南三大板块错位发展、联动互补、协同升级。 这是陕西省第一次明确提出西安、榆林两大增长极格局。它意味着榆林的功能属性，已经被拔高到和省会西安平起平坐的地步。 与此同时，四川仍强调继续执行强省会战略，继续做强做优成都。甘肃、宁夏、贵阳等地区也同样如此。 近日，面积、人口、级别均与省相当的直辖市重庆，也提出了“强省会”战略，未来五年要将中心城区的GDP占比提升到50%。关键问题来了，对于各地区不同的选择，不同的发展战略，孰优孰劣？ 这个问题，本号早就明确过自己的观点： 强省会与均衡发展，无所谓好坏，适应自己的才是最好的。或者可以这样说，强省会与均衡发展，只是地区发展不同时代、不同实力的需要。 一言以蔽之，强省会与均衡发展，都是时代选择的结果。 广...

There are no tributes to the conquering heroes at Bodo airport, no banners proclaiming their success hang in the streets outside. But visitors venturing this far north shouldn’t let Scandinavian understatement detract from Bodo Glimt’s achievements, and the impact on its hometown. The football team from the Norwegian Arctic fishing port has beaten giants Inter Milan, Atletico Madrid and Manchester City already in the Champions League this season. On Wednesday evening, it will host Sporting Lisbon, the club that produced global star Cristiano Ronaldo, at its 8,200-capacity stadium more than 2,000 miles (3,200 kilometers) north of the Portuguese capital. The match in the last 16 of Europe’s elite competition is more than another lucrative chapter in Bodo’s David-against-Goliath tale. It’s a chance to showcase a transformation underpinned by a fighter pilot turned mental-health coach who says that winning isn’t the point. It goes back to 2019 when the club decided it needed a shift in culture , according to Orjan Berg, 57, a former Glimt and Norwegian national team player whose son, Patrick, is one of Bodo’s current stars. Key was the appointment of Bjorn Mannsverk, who adapted lessons from his time in Norway’s air force to the club’s team psychology. Under Mannsverk’s direction, the emphasis was put on team performance and not results — so much so that even references to “winning” were banned, and rigorously policed. In came yoga, mindfulness and breathing techniques. Berg joked that the club, its players and staff have all been “brainwashed.” “Until then we were a decent club — we were talking about winning and the will to win,” he said in an interview at the Aspmyra Stadium in Bodo last week. The shift to focus on harmony and overall well-being “turned the world upside down,” he said. Football history has other examples of less storied clubs progressing to this stage in the Champions League. Last year, French team Lille made it, as did RB Leipzig the year before. Bo...

Finding and identifying unstoppable stocks is a smart investment strategy. These are the stocks that are positioned to deliver incredible returns over the long run because they are participating in a huge market trend. There is no bigger investment opportunity than AI right now, and I think the best ways to invest in it in March would be to buy Nvidia (NVDA +1.13%), Microsoft (MSFT 0.95%), and Broadcom (AVGO 0.98%). Microsoft Microsoft's stock has been on a downward trend over the past few months, but that momentum could turn around in March. There's really nothing wrong with Microsoft's business. Although some may take issue with how much money it is spending on its data centers, it's still less than other hyperscalers are laying out. Furthermore, it is using a lot of its cloud computing capacity to host its clients' models. That adds to Microsoft's top line. The tech giant posted solid results for its fiscal 2026 Q2, which ended Dec. 31, as revenue rose 17% year over year. Wall Street analysts' consensus expectation is that Microsoft will finish out the year strong, with 16% growth in Q3 and 15% growth in Q4. Despite this, Microsoft is trading at a price-to-earnings ratio that it has rarely been lower than since 2020. When Microsoft was last this cheap in late 2022, everyone assumed the U.S. economy was heading into a recession, and stocks sold off as a result. That's not the case right now, yet the stock can be purchased at a similar valuation. This doesn't make a lot of sense to me, which is why now looks like a great time to scoop up Microsoft shares. Nvidia Nvidia has been a leading supplier of the AI buildout since it began in 2023, yet right now, it is trading at a forward price-to-earnings ratio that's close tp the cheapest it has traded at during that run. At 22 times forward earnings, Nvidia stock actually looks cheap. It's still growing its top line rapidly (management expects 77% growth in Q1), yet the stock trades at a lower level than many of its big ...

Key Points Microsoft is doing incredibly well, yet its stock is off its highs. There are years of AI chip spending ahead that will keep boosting Nvidia's business. Broadcom is a viable competitor to Nvidia in the AI chip space. 10 stocks we like better than Microsoft › Finding and identifying unstoppable stocks is a smart investment strategy. These are the stocks that are positioned to deliver incredible returns over the long run because they are participating in a huge market trend. There is no bigger investment opportunity than AI right now, and I think the best ways to invest in it in March would be to buy Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Broadcom (NASDAQ: AVGO). Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Microsoft Microsoft's stock has been on a downward trend over the past few months, but that momentum could turn around in March. There's really nothing wrong with Microsoft's business. Although some may take issue with how much money it is spending on its data centers, it's still less than other hyperscalers are laying out. Furthermore, it is using a lot of its cloud computing capacity to host its clients' models. That adds to Microsoft's top line. The tech giant posted solid results for its fiscal 2026 Q2, which ended Dec. 31, as revenue rose 17% year over year. Wall Street analysts' consensus expectation is that Microsoft will finish out the year strong, with 16% growth in Q3 and 15% growth in Q4. Despite this, Microsoft is trading at a price-to-earnings ratio that it has rarely been lower than since 2020. When Microsoft was last this cheap in late 2022, everyone assumed the U.S. economy was heading into a recession, and stocks sold off as a result. That's not the case right now, yet the stock can be purchased at a similar valuation. This doesn't make a lot of sense ...

文章提及标的 科创50 -- 科创50（1B0688）指数跌幅扩大至1%，现报1406.16点。

格隆汇3月11日｜按照《国务院关于改革国有企业工资决定机制的意见》(国发〔2018〕16号)的规定，近日，深交所公布了2024年的总体薪酬情况和负责人薪酬情况。公告显示，2022年至2024年，深交所职工人数分别为2584.5人、2704.8人、2819.41人；清算的工资总额分别为13.72亿元、14.35亿元和13.67亿元。职工年平均税前工资分别为53.08万元、53.07万元和48.49万元。其中，2024年平均税前年薪为2019年来首次降至50万元以下，同比下滑8.63%。

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3月11日，国际足联主席因凡蒂诺在社媒宣布，他已经与美国总统特朗普进行了会面，特朗普还表示“伊朗队当然可以、也受到欢迎，前往美国参加世界杯。”（中新网）

损失分担与资金使用顺序需要进一步明确。 金融稳定法与中国人民银行法的立法修法进程备受业界关注。 2026年全国人大常委会工作报告显示，今年将围绕加快建设金融强国，制定金融法、金融稳定法，修改中国人民银行法、银行业监督管理法。 此前，中国人民银行行长潘功胜亦在十四届全国人大四次会议经济主题记者会上表示，下一步将健全金融稳定保障体系，推进金融稳定法、人民银行法等立法修法。 全国人大代表、中国人民银行辽宁省分行原行长付喜国认为，应加快推进金融稳定法立法，解决当前立法中的衔接、责任分工等问题，同时完善中国人民银行法，明确双支柱调控框架与数字人民币相关法律规制。 加快推动金融稳定法立法进程 近年来，我国金融立法工作稳步推进，逐步形成了多层次的金融法律体系。但当前我国现行法律对金融稳定和金融风险防范处置的规定条款主要分散于中国人民银行法、银行业监督管理法、商业银行法、证券法、保险法等法律法规中，这些相关规定在金融稳定和金融风险防范处置方面多为原则性规定，缺乏具体规则和程序条款。 付喜国认为，应加快推动《金融稳定法》立法进程，实现《金融稳定法》与《中国人民银行法》《商业银行法》《银行业监督管理法》《企业破产法》等多法联动、有效衔接，构建市场化、法治化的金融稳定制度体系，能够为防范化解系统性金融风险、维护国家金融安全稳定提供坚实法治保障。 值得注意的是，当前立法实践中还存在概念界定不统一、法条衔接不顺畅等问题。例如，在实践中，对于“系统性金融风险”概念理解有争议，拟出台的《金融稳定法》与《中国人民银行法》《商业银行法》等还需要强化衔接，进一步明确概念界定和认定标准。 防范化解金融风险的责任分工也需进一步明确。付喜国认为，此前《金融稳定法》（二审稿）确立了中央金融委的统筹协调地位，但还需进一步完善，与机构改革后的金融管理体系更紧密衔接。 损失分担与资金使用顺序也需要进一步明确。付喜国认为，拟出台的《金融稳定法》中的“金融稳定保障基金”与现行《商业银行法》中的行业保障基金在使用边界、优先级等方面还需进一步明确。《企业破产法》（修订草案）的清偿顺位未体现金融机构的特殊性，可能导致公共资金承担过多损失。 基于此，付喜国建议，在《金融稳定法》中构建金融风险防范、化解处置的全链条制度安排，突出系统性金融风险防控。同时，在《金融稳定法》中明确责任分工，按照权责对等、激励约束相容的原则，明确中央金...

GE Vernova CEO Scott Strazik says the company is accelerating its gas turbine output. GE Vernova is also one of only three global makers of natural-gas turbines. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)