恒生指数，跌0.4%。恒生中国企业指数，跌0.38%。市场对亚洲市场的展望比较谨慎，因为美股持续疲软，美国政府停摆状况也似乎还没有尽头。然而，亚洲市场最近的表现优于美股，似乎正在证明着大行分析师们的预测：2019年新兴市场表现会优于美国市场。
HSI, down 0.4%. HSCEI, down 0.38%. The global market for the Asian markets is soft as there appears to be no end in sight for the US government shutdown. However, recently the Asian markets’ outperformance compare to US market demonstrates Analysts view that 2019 Asian markets will outperform US market.
$腾讯控股(00700)$ ，跌1.46%。摩根斯坦利将腾讯纳入焦点名单，取代华润电力。理由是游戏恢复审批程序以及非游戏业务赚钱，可能带来触发因素，估值有吸引力。报告称，腾讯的估值接近历史谷底。预计2018年腾讯的游戏收入总额同比增长8%，不及2017年的38%，主要原因是暂停游戏审批程序。假设审批程序上半年恢复，新游戏贡献更多，2019年第二季度的游戏收入料加速增长到17%-20%。
700, Tencent, down 1.46%. Morgan Stanley adds Tencent to its focus list, replacing China Resources Power, citing attractive valuation given potential catalyst from resumption of the game approval process and monetisation of non-gaming business. The reports says Tencent’s valuation is near historical trough. Tencent’s total game revenue expected to grow 8% y/y in 2018 versus 38% in 2017, mainly owning to suspension of the game approval process. Game revenue growth to accelerate to 17-20% from 2Q19, assuming the approval process will resume in 1H with more new game contributions.
$中国铁塔(00788)$ ，涨2.72%。再创新高。中国铁塔发布声明称，从未授权第三方开展5G建设。
788, China tower, up 2.72%. China tower could be the biggest winner of China’s 5G endeavours, for its monopoly position (97.3%) in China’s telco Tower infrastructure market.
$君实生物-B(01877)$ ，涨22.55%。公司IPO飙涨。公司是一家成立于2012年的年轻创新驱动型生物制药公司，致力于创新药物的发现和开发，以及在全球范围内的临床研究及商业化。公司在2015年挂牌新三板。值得注意的是，君实是第一家就抗PD-1单克隆抗体向NMPA提交IND新药研究申请和NDA新药申请的中国公司，也是国内首家就抗PCSK9单克隆抗体和抗BLyS单克隆抗体取得NMPA的IND批准的中国公司。
1877, Shanghai Junshi Bioscience, up 22.55%. The company is the second-best first-day performance among first-time share sales that raised at least $100m in Hong Kong this year, according to Bloomberg data. Note: Tongcheng-Elong Holdings closed up 26.5% in Nov 26 debut, the best performances debut among major Hong Kong IPO this year.
$美团点评-W(03690)$ ，跌5.65%。创始人胡玮炜辞去CEO，而美团收购摩拜时曾约定保留原来的管理团队。如今摩拜创始团队成员相继出走，让市场怀疑美团的相关内部管理问题。
3690, Meituan Dianping, down 5.65^. Hu Weiwei has become the 2nd founder of Chinese bike-sharing sensation Mobile to relinquish the chief executive role since Meituan Dianping, the firm behind China’s app-for-everything, took control. Hu’s departure follows the April resignation of co-founder Wang Xiaofen, who quit the CEO role in April. Because of this, investors concern Meituan’s internal management issues.
$小米集团-W(01810)$ ，跌3.8%。3888， $金山软件(03888)$ ，跌5.15%。港股新经济股全线下跌。
1810, Xiaomi Group, down 3.8%. 3888, Kingsoft Corp, down 5.15%. Hong Kong listed China new economy stocks plunge today.
2238，$广汽集团(02238)$ ，涨1.28%。公司智联新能源汽车产业园首期工程—广汽能源智能生态工厂12月23日正式竣工。新建成的广汽新能源智能生态工厂将成为全球领先钢铝车身柔性工厂、全球领先数字化自主决策工厂、全球领先的深度互动式定制工厂及全球首个能源综合利用工厂。首期生产能力为20万辆/年，计划于2019年5月投产。
2238, Guangzhou Automobile Group, up 1.28%. GAC New Energy Automobile Co unveiled its new intelligent and ecological plant on Sunday, in Guangzhou, demonstrating the automaker’s efforts and ambitions to take the lead in manufacturing new energy vehicles. The completed part is the first phase of the plant, which has an annual production capacity of 200,000 units, with a total investment of 4.7 billion yuan, and covering 470,000 square meters.
2202, $万科企业(02202)$ ，跌3.56%；1030， $新城发展控股(01030)$ ，跌4.8%；1918， $融创中国(01918)$ ，跌2.75%；884，$旭辉控股集团(00884)$ ，跌4.95%。中央对房地产政策大基调未改，明年政策会在维持市场整体平稳的基础上，给予各地方政府更多的灵活性，惟力度上预料整体不会过度激进。另外，考虑到一二线城市后续政策难出现大幅放松，而三四线城市放松效果有限，维持对明年实体市场的谨慎观点，基本面走弱趋势难逆转，继续提示下行风险.
2202, China Vanke Co Ltd, down 3.56%; 1030, Future Land Development Hold, down 4.8%; 1918, Sunac China Holdings Ltd, down 2.75%; 884, CIFI holdings Group, down 4.95%. The China government’s statement is still on the control mode for China’s property market. China Developers all down today.
823， $领展房产基金(00823)$ ，涨1.48%。此基金脱售香港12处商场，可以帮助公司在2019年扩展中国大陆投资组合，以及回购股票。公司可能投资港元257亿在中国大陆，从而提升大陆资产至投资组合的20%。并回购4000万股票。
823, Link REIT, up 1.48%. Bloomberg says Link REIT’s disposals of 12 shopping Malls in Hong Kong should prompt the landlord to expand its mainland China portfolio and buy back its one shares in 2019. It may invest up to HK$25.7b in mainland China before hitting its portfolio mix guidance of 20% for the region, and repurchase 40m shares in 2019.
2600，$中国铝业(02600)$ ，跌3.21%，5日跌10.41%。美国解除对俄铝的制裁将导致铝供应过剩，港股铝业普遍下跌。中国铝生产商在过去的一年中增加供应量，以填补俄铝造成的供应缺口，如今供应量难以降低。铝价现已从高位下跌30%，导致许多冶炼厂亏本经营。
2600, Aluminum Corp of China, down 3.21%, 5 days down 10.41%. The oversupply condition of China’s Aluminum worsened because US lift sanction from Russian Aluminum industry. Aluminum producers in China are set to cut at least another 800,000 tons per year of smelting capacity in coming months.
486， $俄铝(00486)$ ，跌3.36%。美国终止制裁或导致铝供应过剩。
486, United Co Susan, PLC, down 3.36%. The oversupply condition of Aluminum would worsen after US lift sanctions from Russian Aluminum giant.
552， $中国通信服务(00552)$ ，涨5.2%，5G概念股随A股强势走高。
552, China Communication Services Corp Ltd. 5G related stocks experienced a bull market today in Both A shares and HK market.
1317，$枫叶教育(01317)$ ，涨5%。获主席兼首席执行官任书良增持185万股。
1317, China Maple Leaf Education, up 5%. Its chairman and CEO Ren Shuliang added 1.85m shares.
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