nyf personal page - To The Moon

nyf

nyf

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2022-04-23

$美国钢铁(X)$hi

2021-08-30

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The "Market Significance" of Powell's Speech: No Tightening, Only "Stimulus Switching"

2023-01-06

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2022-04-29

$二倍做多彭博原油ETF(UCO)$🙄

2021-08-25

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Haidilao earthquake! Two founders resigned as directors, and the market value evaporated by 300 billion in half a year

2023-01-08

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2023-01-02

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2022-12-25

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2022-04-17

$二倍做多彭博原油ETF(UCO)$rocket

2023-04-14

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2022-12-24

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2022-12-23

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2022-12-09

$纳斯达克(.IXIC)$ [微笑]

2022-12-09

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2021-08-26

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What's the situation? Moutai issued a "price reduction order" and lowered it by 200 yuan? How big is the impact

2023-04-16

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2023-04-13

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2023-04-12

[开心] [开心] [开心] [开心] [开心]

2023-01-15

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2023-01-14

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Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher","htmlText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","listText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","text":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣Join our Easter campaign now","images":[{"img":"https://community-static.tradeup.com/news/c90a7371a3bcd1e6c552d2aa23f72c33","width":"1200","height":"630"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943960936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952963409,"gmtCreate":1674358166001,"gmtModify":1676538938082,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570321585113621","authorIdStr":"3570321585113621"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952963409","repostId":"626500920","repostType":1,"repost":{"id":626500920,"gmtCreate":1674355139562,"gmtModify":1676538937998,"author":{"id":"3484890327537968","authorId":"3484890327537968","name":"谭浩俊","avatar":"https://static.laohu8.com/7fab6384b7850a8fdefba85205c712da","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3484890327537968","authorIdStr":"3484890327537968"},"themes":[],"title":"虎去兔來，做一隻永不停步的兔子","htmlText":"今天是癸卯兔年的第一天。在中華傳統文化中，兔常常與瑞、祥、玉等緊密相連，如玉兔、瑞兔、吉祥兔等。與兔有關的春聯、詩詞，就更比比皆是。而只要想到兔，眼前就一定會浮現出兔子那機智敏捷、純潔善良、端莊溫和的形象。兔年的春節，與前兩年相比，有一個非常大的變化，就是“年味”回來了，在外工作的“遊子”回家了，熱鬧、歡快、團圓又成爲了春節的代名詞。因此，洋溢在兔子臉上的喜氣、瑞氣、祥氣也更足，很多人發出了“回家真好”的感嘆。一句“回家真好”，也充分表達了過去一段時間的不容易。也正是不容易，我們能夠取得一個又一個勝利、一項又一項成果，就更加彌足珍貴。疫情要防住、經濟要穩住、發展要安全的要求，得到了很好的落實。特別是疫情防控，在各項措施的共同作用下，在各級的共同努力下，最大程度地守護了人民的生命安全和身體健康，最大限度地減少了對經濟社會生活的影響，最大力度地促進了公共醫療衛生事業的進步，最大強度地展示了中國人民團結一致、共同奮鬥的精神。更重要的是，過去的一年，我們不僅將疫情防控、經濟發展、社會安全有機結合起來，而且積累了更多的工作經驗，特別是在特殊環境下處理問題、駕馭複雜事務的能力和水平。如果沒有足夠的能力、足夠的智慧、足夠的信心和決心，很多問題是很難有效處理的，甚至會出現嚴重後果的。如面對外部挑戰和壓力，始終用堅韌的毅力和韌勁，沉着冷靜應對、積極化解矛盾、果斷處置風險，表現出了良好的大國風範和古國風度，牢牢掌握了工作主動權，真正體現了虎年有虎氣、敢入虎穴、敢摸老虎尾巴的精神。新的一年，雖然挑戰依然存在，矛盾依然很多，問題依然突出。特別是國際環境更加複雜、紛亂，針對中國的打壓和遏制也會更加嚴重。但是，已經有前幾年積累下來的經驗做基礎，有敢於鬥爭、善於鬥爭、勇於鬥爭的精神爲動力，再多的矛盾、再大的困難、再複雜的問題，我們都能從容應對、有效化解。關鍵就在於，要有不停步的精神，要成爲一隻永不停步的","listText":"今天是癸卯兔年的第一天。在中華傳統文化中，兔常常與瑞、祥、玉等緊密相連，如玉兔、瑞兔、吉祥兔等。與兔有關的春聯、詩詞，就更比比皆是。而只要想到兔，眼前就一定會浮現出兔子那機智敏捷、純潔善良、端莊溫和的形象。兔年的春節，與前兩年相比，有一個非常大的變化，就是“年味”回來了，在外工作的“遊子”回家了，熱鬧、歡快、團圓又成爲了春節的代名詞。因此，洋溢在兔子臉上的喜氣、瑞氣、祥氣也更足，很多人發出了“回家真好”的感嘆。一句“回家真好”，也充分表達了過去一段時間的不容易。也正是不容易，我們能夠取得一個又一個勝利、一項又一項成果，就更加彌足珍貴。疫情要防住、經濟要穩住、發展要安全的要求，得到了很好的落實。特別是疫情防控，在各項措施的共同作用下，在各級的共同努力下，最大程度地守護了人民的生命安全和身體健康，最大限度地減少了對經濟社會生活的影響，最大力度地促進了公共醫療衛生事業的進步，最大強度地展示了中國人民團結一致、共同奮鬥的精神。更重要的是，過去的一年，我們不僅將疫情防控、經濟發展、社會安全有機結合起來，而且積累了更多的工作經驗，特別是在特殊環境下處理問題、駕馭複雜事務的能力和水平。如果沒有足夠的能力、足夠的智慧、足夠的信心和決心，很多問題是很難有效處理的，甚至會出現嚴重後果的。如面對外部挑戰和壓力，始終用堅韌的毅力和韌勁，沉着冷靜應對、積極化解矛盾、果斷處置風險，表現出了良好的大國風範和古國風度，牢牢掌握了工作主動權，真正體現了虎年有虎氣、敢入虎穴、敢摸老虎尾巴的精神。新的一年，雖然挑戰依然存在，矛盾依然很多，問題依然突出。特別是國際環境更加複雜、紛亂，針對中國的打壓和遏制也會更加嚴重。但是，已經有前幾年積累下來的經驗做基礎，有敢於鬥爭、善於鬥爭、勇於鬥爭的精神爲動力，再多的矛盾、再大的困難、再複雜的問題，我們都能從容應對、有效化解。關鍵就在於，要有不停步的精神，要成爲一隻永不停步的","text":"今天是癸卯兔年的第一天。在中華傳統文化中，兔常常與瑞、祥、玉等緊密相連，如玉兔、瑞兔、吉祥兔等。與兔有關的春聯、詩詞，就更比比皆是。而只要想到兔，眼前就一定會浮現出兔子那機智敏捷、純潔善良、端莊溫和的形象。兔年的春節，與前兩年相比，有一個非常大的變化，就是“年味”回來了，在外工作的“遊子”回家了，熱鬧、歡快、團圓又成爲了春節的代名詞。因此，洋溢在兔子臉上的喜氣、瑞氣、祥氣也更足，很多人發出了“回家真好”的感嘆。一句“回家真好”，也充分表達了過去一段時間的不容易。也正是不容易，我們能夠取得一個又一個勝利、一項又一項成果，就更加彌足珍貴。疫情要防住、經濟要穩住、發展要安全的要求，得到了很好的落實。特別是疫情防控，在各項措施的共同作用下，在各級的共同努力下，最大程度地守護了人民的生命安全和身體健康，最大限度地減少了對經濟社會生活的影響，最大力度地促進了公共醫療衛生事業的進步，最大強度地展示了中國人民團結一致、共同奮鬥的精神。更重要的是，過去的一年，我們不僅將疫情防控、經濟發展、社會安全有機結合起來，而且積累了更多的工作經驗，特別是在特殊環境下處理問題、駕馭複雜事務的能力和水平。如果沒有足夠的能力、足夠的智慧、足夠的信心和決心，很多問題是很難有效處理的，甚至會出現嚴重後果的。如面對外部挑戰和壓力，始終用堅韌的毅力和韌勁，沉着冷靜應對、積極化解矛盾、果斷處置風險，表現出了良好的大國風範和古國風度，牢牢掌握了工作主動權，真正體現了虎年有虎氣、敢入虎穴、敢摸老虎尾巴的精神。新的一年，雖然挑戰依然存在，矛盾依然很多，問題依然突出。特別是國際環境更加複雜、紛亂，針對中國的打壓和遏制也會更加嚴重。但是，已經有前幾年積累下來的經驗做基礎，有敢於鬥爭、善於鬥爭、勇於鬥爭的精神爲動力，再多的矛盾、再大的困難、再複雜的問題，我們都能從容應對、有效化解。關鍵就在於，要有不停步的精神，要成爲一隻永不停步的","images":[{"img":"https://static.tigerbbs.com/6625484e5eceb4b1dfb0a24421472f14","width":"640","height":"480"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/626500920","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956513772,"gmtCreate":1674053106796,"gmtModify":1676538920666,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570321585113621","authorIdStr":"3570321585113621"},"themes":[],"htmlText":"[笑哭]&nbsp;","listText":"[笑哭]&nbsp;","text":"[笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repost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href=\"https://ttm.financial/S/X\">$美国钢铁(X)$</a>hi","listText":"<a href=\"https://ttm.financial/S/X\">$美国钢铁(X)$</a>hi","text":"$美国钢铁(X)$hi","images":[{"img":"https://community-static.tradeup.com/news/df6fb2db127381166f8c0dfb4263597b","width":"1080","height":"2240"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085644225","isVote":1,"tweetType":1,"viewCount":880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":811885783,"gmtCreate":1630309932042,"gmtModify":1676530263862,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811885783","repostId":"1191822782","repostType":4,"repost":{"id":"1191822782","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1630287604,"share":"https://ttm.financial/m/news/1191822782?lang=en_US&edition=fundamental","pubTime":"2021-08-30 09:40","market":"us","language":"zh","title":"The \"Market Significance\" of Powell's Speech: No Tightening, Only \"Stimulus Switching\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1191822782","media":"华尔街见闻","summary":"Taper并不意味着美国开始着手结束刺激。","content":"<p>Federal Reserve Chairman Powell's dovish speech at the annual meeting of global central banks in Jackson Hole gave the market a sigh of relief. More importantly, the Federal Reserve sent a signal to the market that Taper does not mean that the United States is beginning to end stimulus.</p><p>According to<a href=\"https://laohu8.com/S/000166\">Shenwan Hongyuan</a>Analyst Fu Jingtao concluded that Powell's speech has four key points:</p><p>(1) Start Taper within the year, but the specific time and rhythm of Taper are not specified. This is a dove-oriented way. (2) The complete withdrawal of QE does not mean the beginning of preparations for the rate hike. rate hike's conditions are set at full employment. The Fed intends to decouple Taper from subsequent further tightening. (3) \"substantial progress has been made\" in the recovery of inflation; Employment recovery has also made significant progress, but the unemployment rate is still too high, and the Delta epidemic has increased the risk of economic recovery. (4) Thoughts in 1950: Don't try to offset temporary inflationary fluctuations. Today, the labor market gap is still wide and the pandemic continues as a temporary inflationary crunch can be particularly harmful. Fu Jingtao pointed out that more importantly than the dovish statement, the Federal Reserve seems to have successfully downplayed the significance of promoting Taper, which includes three levels:</p><p>(1) Being able to Taper does not mean being able to rate hike. The condition of Taper is the recovery of the job market, while the condition of rate hike is full employment. The Fed downplayed Taper's signal significance for subsequent tightening. (2) The Federal Reserve gave Taper a clear signal + acknowledged the current economic uncertainty, downplaying Taper's significance for the investment clock shift (from quasi-stagflation to overheating). In<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>With a large amount of redundant liquidity (the Fed's reverse repurchase operation volume has recently remained above US $1 trillion per day), the liquidity environment will remain loose in the early stage of Taper. Therefore, Taper's clear signal that does not point to subsequent tightening or changes in the investment clock may not become the main contradiction in the short-to medium-term market.<img src=\"https://static.tigerbbs.com/fae82bf29b8078cf9d30d5e5ee922308\" tg-width=\"575\" tg-height=\"275\" referrerpolicy=\"no-referrer\">(3) Taper doesn't even mean that the United States is beginning to end the stimulus. Fu Jingtao believes that in the future, rather than saying that the United States will usher in policy tightening, it is better to say that the United States is in a window period of \"stimulus mode conversion\". In a stagflation-like environment, the effectiveness of monetary policy has declined, and the redundancy of inter-bank liquidity also indicates that there is no need for further easing in the future. To solve the problem of unbalanced recovery, fiscal policy is definitely more effective:</p><p>The mechanism of fiscal monetization still exists, and the future period will be precisely the verification period of U.S. fiscal policy, which may still require a low interest rate environment and an overall loose inter-bank liquidity environment. Therefore, we position the current U.S. policy as \"stimulus mode conversion\" rather than \"loose exit\".</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>The \"Market Significance\" of Powell's Speech: No Tightening, Only \"Stimulus Switching\"</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 \"Market Significance\" of Powell's Speech: No Tightening, Only \"Stimulus Switching\"\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-08-30 09:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Federal Reserve Chairman Powell's dovish speech at the annual meeting of global central banks in Jackson Hole gave the market a sigh of relief. More importantly, the Federal Reserve sent a signal to the market that Taper does not mean that the United States is beginning to end stimulus.</p><p>According to<a href=\"https://laohu8.com/S/000166\">Shenwan Hongyuan</a>Analyst Fu Jingtao concluded that Powell's speech has four key points:</p><p>(1) Start Taper within the year, but the specific time and rhythm of Taper are not specified. This is a dove-oriented way. (2) The complete withdrawal of QE does not mean the beginning of preparations for the rate hike. rate hike's conditions are set at full employment. The Fed intends to decouple Taper from subsequent further tightening. (3) \"substantial progress has been made\" in the recovery of inflation; Employment recovery has also made significant progress, but the unemployment rate is still too high, and the Delta epidemic has increased the risk of economic recovery. (4) Thoughts in 1950: Don't try to offset temporary inflationary fluctuations. Today, the labor market gap is still wide and the pandemic continues as a temporary inflationary crunch can be particularly harmful. Fu Jingtao pointed out that more importantly than the dovish statement, the Federal Reserve seems to have successfully downplayed the significance of promoting Taper, which includes three levels:</p><p>(1) Being able to Taper does not mean being able to rate hike. The condition of Taper is the recovery of the job market, while the condition of rate hike is full employment. The Fed downplayed Taper's signal significance for subsequent tightening. (2) The Federal Reserve gave Taper a clear signal + acknowledged the current economic uncertainty, downplaying Taper's significance for the investment clock shift (from quasi-stagflation to overheating). In<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>With a large amount of redundant liquidity (the Fed's reverse repurchase operation volume has recently remained above US $1 trillion per day), the liquidity environment will remain loose in the early stage of Taper. Therefore, Taper's clear signal that does not point to subsequent tightening or changes in the investment clock may not become the main contradiction in the short-to medium-term market.<img src=\"https://static.tigerbbs.com/fae82bf29b8078cf9d30d5e5ee922308\" tg-width=\"575\" tg-height=\"275\" referrerpolicy=\"no-referrer\">(3) Taper doesn't even mean that the United States is beginning to end the stimulus. Fu Jingtao believes that in the future, rather than saying that the United States will usher in policy tightening, it is better to say that the United States is in a window period of \"stimulus mode conversion\". In a stagflation-like environment, the effectiveness of monetary policy has declined, and the redundancy of inter-bank liquidity also indicates that there is no need for further easing in the future. To solve the problem of unbalanced recovery, fiscal policy is definitely more effective:</p><p>The mechanism of fiscal monetization still exists, and the future period will be precisely the verification period of U.S. fiscal policy, which may still require a low interest rate environment and an overall loose inter-bank liquidity environment. Therefore, we position the current U.S. policy as \"stimulus mode conversion\" rather than \"loose exit\".</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/499d73ece33aa33a20d67cc087f64953","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".SPX":"S&P 500 Index","SDOW":"三倍做空道指30ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","OEX":"标普100","UPRO":"三倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPXU":"三倍做空标普500ETF-ProShares","SPY":"标普500ETF","QID":"两倍做空纳斯达克指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","DJX":"1/100道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191822782","content_text":"美联储主席鲍威尔在杰克逊霍尔全球央行年会上的鸽派讲话，让市场松了一口气，更重要的是，美联储向市场传递了一个信号，Taper并不意味着美国开始着手结束刺激。\n据申万宏源分析师傅静涛总结，鲍威尔的讲话有四层要点：\n\n (1)年内开始Taper，但并未明确Taper的具体时间和节奏，这是一种偏鸽的方式。\n\n\n (2) QE全部退出，也不意味着开始筹备加息，加息的条件被设定在了充分就业。美联储有意让Taper与后续进一步紧缩脱钩。\n\n\n (3)通胀回升“已取得实质性进展”；就业恢复也取得明显进展，但失业率依然过高，Delta疫情增加了经济恢复的风险。\n\n\n (4) 1950 年的思考：不要试图抵消临时性的通胀波动。如今，劳动力市场缺口仍较大，疫情仍在继续，因为临时性通胀紧缩可能特别有害。\n\n傅静涛指出，比鸽派表态更重要的是，美联储似乎已经成功淡化了推进Taper的意义，包含三个层面：\n\n (1)能Taper不意味着能加息，Taper 的条件是就业市场恢复，而加息的条件是完全就业。美联储淡化Taper 对于后续紧缩的信号意义。\n\n\n (2)美联储给出Taper明确信号+承认当前经济不确定性，淡化了Taper对投资时钟转换的意义(从类滞胀到过热)。在美国银行间有大量冗余流动性(美联储逆回购操作量近期保持在每天 1 万亿美元以上)的情况下，Taper初期，流动性环境仍将保持宽松。所以，不指向后续紧缩、不指向投资时钟变化的Taper明确信号可能无法成为中短期市场的主要矛盾。\n\n\n\n\n\n (3) Taper 甚至不意味着美国开始着手结束刺激。\n\n傅静涛认为，未来一段时间，与其说美国将迎来政策收紧，不如说美国处于“刺激方式转换”的窗口期。类滞胀的环境下，货币政策的有效性下降，银行间流动性冗余也指示后续没必要进一步宽松。解决复苏不平衡的问题，更有效的肯定是财政政策：\n\n 财政货币化的机制犹在，而未来一段时间，恰恰就是美国财政政策发力的验证期，这可能仍需要低利率环境，以及总体宽松的银行间流动性环境相配合。所以，我们将当前美国政策定位为“刺激方式转换”而非“宽松退出”。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"QID":0.9,"SSO":0.9,"MNQmain":0.9,"OEX":0.9,"UDOW":0.9,"DXD":0.9,"PSQ":0.9,"UPRO":0.9,"QLD":0.9,".SPX":0.9,"ESmain":0.9,"SPY":0.9,".IXIC":0.9,"SDOW":0.9,"SPXU":0.9,"DJX":0.9,"IVV":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":946,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959599346,"gmtCreate":1673017446586,"gmtModify":1676538770200,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959599346","isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9069335504,"gmtCreate":1651233973732,"gmtModify":1676534875012,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/UCO\">$二倍做多彭博原油ETF(UCO)$</a>🙄","listText":"<a href=\"https://ttm.financial/S/UCO\">$二倍做多彭博原油ETF(UCO)$</a>🙄","text":"$二倍做多彭博原油ETF(UCO)$🙄","images":[{"img":"https://community-static.tradeup.com/news/7c122a14be285d3356e41c385a167c1d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9069335504","isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":837922557,"gmtCreate":1629853562779,"gmtModify":1676530151374,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837922557","repostId":"2162084440","repostType":4,"repost":{"id":"2162084440","kind":"news","pubTimestamp":1629852424,"share":"https://ttm.financial/m/news/2162084440?lang=en_US&edition=fundamental","pubTime":"2021-08-25 08:47","market":"hk","language":"zh","title":"Haidilao earthquake! Two founders resigned as directors, and the market value evaporated by 300 billion in half a year","url":"https://stock-news.laohu8.com/highlight/detail?id=2162084440","media":"中国证券报","summary":"“火锅茅”披露业绩的同时，董事会出现巨震。8月24日晚间，海底捞发布2021年半年报。上半年，公司实现营收200.94亿元，同比增长105.9%；实现净利润9452.9万元，较上年同期的亏损9.65亿...","content":"<p><div>At the same time that \"Hot Pot Mao\" disclosed its performance, there was a huge shock on the board of directors. On the evening of August 24, Haidilao released its 2021 semi-annual report. In the first half of the year, the company achieved revenue of 20.094 billion yuan, a year-on-year increase of 105.9%; Achieved a net profit of 94.529 million yuan, compared with a loss of 965 million yuan in the same period last year, turning losses into profits. The company announced on the evening of the same day that two directors of the board of directors resigned. It is worth noting that both directors are the founders of Haidilao, and one of them is the wife of Zhang Yong, the founder and chairman of Haidilao. Two founders resign as directors Haidilao announced on August 24 that as of now, Shuping...</p><p><a href=\"http://finance.eastmoney.com/a/202108252062529598.html\">Web link</a></div></p>","source":"stock_eastmoney","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>Haidilao earthquake! Two founders resigned as directors, and the market value evaporated by 300 billion in half a year</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\">\nHaidilao earthquake! Two founders resigned as directors, and the market value evaporated by 300 billion in half a year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">中国证券报</strong><span class=\"h-time small\">2021-08-25 08:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>At the same time that \"Hot Pot Mao\" disclosed its performance, there was a huge shock on the board of directors. On the evening of August 24, Haidilao released its 2021 semi-annual report. In the first half of the year, the company achieved revenue of 20.094 billion yuan, a year-on-year increase of 105.9%; Achieved a net profit of 94.529 million yuan, compared with a loss of 965 million yuan in the same period last year, turning losses into profits. The company announced on the evening of the same day that two directors of the board of directors resigned. It is worth noting that both directors are the founders of Haidilao, and one of them is the wife of Zhang Yong, the founder and chairman of Haidilao. Two founders resign as directors Haidilao announced on August 24 that as of now, Shuping...</p><p><a href=\"http://finance.eastmoney.com/a/202108252062529598.html\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://finance.eastmoney.com/a/202108252062529598.html\">中国证券报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4e3dd8956fa22cf4293bef1416fad3d1","relate_stocks":{"06862":"海底捞"},"source_url":"http://finance.eastmoney.com/a/202108252062529598.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162084440","content_text":"“火锅茅”披露业绩的同时，董事会出现巨震。\n8月24日晚间，海底捞发布2021年半年报。上半年，公司实现营收200.94亿元，同比增长105.9%；实现净利润9452.9万元，较上年同期的亏损9.65亿元，实现扭亏为盈。\n公司同日晚公告，董事会两名董事辞任。值得注意的是，两名董事都是海底捞的创始人，其中一人是海底捞创始人、董事长张勇的妻子。\n两名创始人辞任董事\n海底捞8月24日宣布，自即日起，舒萍辞任公司非执行董事及审计委员会成员，施永宏辞任公司执行董事。\n海底捞表示，舒萍辞任的原因是公司内部组织架构调整，而施永宏则是为了将更多的时间和精力投入到其他业务中。\n海底捞2020年年报显示，舒萍为海底捞创始人之一，也是公司创始人、董事长张勇的妻子。其于2015年成为公司董事，并于2018年调任非执行董事，主要负责监督集团的管理与战略发展。\n施永宏是海底捞的“二把手”，也是创始人之一。其于2015年成为公司董事，并于2018年调任执行董事，主要负责参与并监督集团的管理以及战略发展。除了在集团任职外，施永宏还是海底捞旗下火锅料供应商颐海国际的执行董事及董事长，并在海底捞旗下多个成员公司担任董事职位。\n公告同时表示，杨利娟被任为公司副首席执行官，蔡新民被任为公司审计委员会成员。并新增杨利娟、李朋、杨华、刘林毅、李瑜、宋青、杨立七位执行董事，新增马蔚华、吴宵光两位独立非执行董事。\n杨利娟在此次任命前是海底捞的首席营运官，主要负责监督集团的运营工作。此次任命后，杨利娟将负责协助首席执行官管理集团整体运营工作。\n翻台率跌至3次/天\n半年报显示，海底捞餐厅的经营收入依然是其主要收入来源，这项业务在2021年上半年贡献了96.6%的收入，与2020年同期的93.7%对比，比例有所提升；金额也从2020年同期的91.5亿元上升到2021年的194.2亿元，增长了112.2%。\n虽然业绩较上年同期向好，但海底捞一直引以为傲的翻台率却跌到了3次/天，比2020年疫情期间还低。2020年上半年，海底捞的翻台率为3.3次/天，2020年的平均翻台率为3.5次/天。再往前追溯，2016年-2019年，海底捞的翻台率分别为4.5次/天、5.0次/天、5.0次/天以及4.8次/天。\n海底捞的顾客人均消费也在下滑。2021年上半年，海底捞的顾客人均消费为107.3元，而上年同期为112.8元。\n海底捞在半年报中表示，2021年上半年公司的经营结果没有达到管理层预期，反映了公司内部管理、运营需要努力调整及改善。\n海底捞分析，影响公司上半年业绩的因素包括：新开门店较多，相关支出增加；新开门店达到首次盈亏平衡并实现现金回报的时间长于往期；门店营运仍然受到了疫情的持续影响。\n截至2021年6月30日，海底捞在中国大陆拥有门店1491家，在港澳台地区以及海外拥有门店106家。\n市值蒸发3000亿港元\n海底捞一直被投资者誉为“火锅茅”，然而2020年受疫情影响，公司业绩遭遇滑铁卢。\n海底捞今年3月发布的年报显示，2020年实现营业收入286.1亿元，同比增长7.8%；实现净利润3.09亿元，同比下降86.9%。对于公司净利大幅下滑，海底捞解释称，主要原因是新冠肺炎疫情防控措施对消费场所实施限制。此外受美元兑人民币汇率波动影响，公司汇兑损失约为2.35亿元。\n年报发布后，公司股价一路下行。截至8月24日收盘，公司股价报28.8港元/股，总市值为1572亿港元。今年2月，海底捞股价创出历史新高，达85.8港元/股，市值超过4500亿港元。仅仅半年，就蒸发3000亿港元。\n今年6月，张勇在被问及海底捞未来是否会维持业绩的增长时，还“耿直”地表示：“作为海底捞最大的股东，我是不抱有希望的”“要想知道什么是名不副实，看看海底捞就知道了”。","news_type":1,"symbols_score_info":{"06862":0.9}},"isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953374738,"gmtCreate":1673178546624,"gmtModify":1676538795384,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953374738","isVote":1,"tweetType":1,"viewCount":359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9950926036,"gmtCreate":1672647519125,"gmtModify":1676538715619,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9950926036","isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925839167,"gmtCreate":1671981571960,"gmtModify":1676538617658,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925839167","isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9083275012,"gmtCreate":1650129200344,"gmtModify":1676534653087,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"<a 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[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929309260","isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929977582,"gmtCreate":1670595699347,"gmtModify":1676538401036,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929977582","isVote":1,"tweetType":1,"viewCount":793,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810954701,"gmtCreate":1629941133903,"gmtModify":1676530178148,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810954701","repostId":"2162063447","repostType":4,"repost":{"id":"2162063447","kind":"highlight","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯，最专业的解读分析，覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1629939999,"share":"https://ttm.financial/m/news/2162063447?lang=en_US&edition=fundamental","pubTime":"2021-08-26 09:06","market":"hk","language":"zh","title":"What's the situation? Moutai issued a \"price reduction order\" and lowered it by 200 yuan? How big is the impact","url":"https://stock-news.laohu8.com/highlight/detail?id=2162063447","media":"券商中国","summary":"受此影响以及A股市场风格转换，近期白酒板块悲观情绪持续蔓延，茅台股价一度逼近1500元，年内最大跌幅超过40%。不过，近期市场情绪便逐渐趋于稳定，截至8月25日收盘，贵州茅台已经连续三个交易日上涨，股价重回1600元以上。白酒指数亦录得三连阳。从产业内人士调研的情况来看，茅台平抑酒价的多个举措已经取得初步成效。","content":"<p>Is the price of Moutai going to be reduced?</p><p>According to media reports, with the coming of the \"Double Festival\" of the Mid-Autumn Festival and National Day, Moutai Distillery has introduced a number of measures to stabilize the soaring wine price and maintain the normal market price system, including strictly implementing the \"three 100%\", increasing the retail ratio, strengthening service and atmosphere creation, and epidemic prevention. Taking Beijing as an example, on August 25th, the market price of Moutai has dropped to around 2,800 yuan/bottle, down about 200 yuan.</p><p>Whether it is regulatory interviews or Maotai's multiple measures to stabilize wine prices, the trend of regulating the development of the industry and cracking down on speculative capital and disorderly price increases is already very obvious. Institutions generally believe that although short-term policy risks and pessimism in the liquor industry still exist, after industry standardization and rectification, the liquor industry will shorten the cycle of disorderly development and usher in longer-term development opportunities.</p><p>Affected by this and the style change of the A-share market, pessimism in the liquor sector has continued to spread recently. Maotai's share price once approached 1,500 yuan, with the biggest drop of more than 40% during the year. However, market sentiment has gradually stabilized recently. As of the close on August 25,<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>It has risen for three consecutive trading days, and the stock price has returned to more than 1,600 yuan. The liquor index also recorded three consecutive positives.</p><p>To stabilize wine prices, Maotai takes multiple measures to cool down before the \"Double Festival\"</p><p>On August 25th, some media reported that with the coming of the Mid-Autumn Festival and National Day, in order to stabilize wine prices, Moutai Distillery has issued relevant policies, requiring the marketing front line to plan and deploy in advance, do a good job in Moutai sales, guide and urge dealers to sell wine, and make every effort to improve consumers' wine buying experience.</p><p>It is reported that Kweichow Moutai Sales Co., Ltd. has organized the main sales team to conduct a week-long special training to determine the idea of \"stabilizing the market and price\". Judging from the requirements of Moutai provinces and regions, strictly implementing the \"three 100%\", increasing the proportion of retail sales, strengthening service and atmosphere creation, and epidemic prevention work are the basic requirements of Moutai for distributors during the double festival in 2021.</p><p>Among them, the Henan Provincial Dealers Association of Maotai Sales Company held a video conference on the \"Double Festival\" work, which conveyed the work requirements of \"stabilizing the market and price\" of Maotai Group during the \"Mid-Autumn Festival and National Day\" double festival, and deployed the sales work in Henan market. At the meeting, the relevant leaders, while conveying the market work documents of Maotai Group during the \"Double Festival\", also put forward six requirements for dealers, not only requiring dealers to increase the retail ratio, but also strictly implementing three 100% policies (100% unpacking, 100% clearing and 100% invoicing), and specifically requiring 100% clearing of all dealers and specialty stores to be completed within 40 days.</p><p><b>Moutai Jilin Province has put forward five requirements for dealers:</b></p><p>1. Do a good job in the \"three 100%\" (100% unpacking sales, 100% inventory clearing, and 100% street service);</p><p>2. Increase the proportion of retail sales;</p><p>3. Do a good job in sales data management, consumer service, creating a double-festival atmosphere, etc. It is hoped that the heads of each distribution unit will come to the store at least 3 days a week to participate in service work;</p><p>4. Do a good job in epidemic prevention and control;</p><p>5. Make overall plans for the sales arrangements of Moutai during the Double Festival, make safety plans, and implement sales in strict accordance with the daily sales plan.</p><p>Judging from the research of industry insiders, Maotai's many measures to stabilize wine prices have achieved initial results.</p><p>Taking Beijing as an example, on August 25th, the market price of Moutai has dropped to around 2,800 yuan/bottle, which is about 200 yuan down. At the same time, other Moutai products have also begun to fall slightly; A large dealer in Henan said that the current market price of Feitian Moutai is around 2,850 yuan, and the price has dropped by about 400 yuan.</p><p>The recycling price of scalpers has also dropped accordingly. The recycling price of Moutai in 2021 is 2,500 yuan/bottle, the recycling price of Moutai in 2020 is 2,510 yuan/bottle, and the recycling price of Moutai in 2019 is 2,600 yuan/bottle.</p><p>Market pessimism once spread</p><p>Regarding the above-mentioned phenomenon of Maotai's multiple measures to stabilize wine prices, some dealers believe that this may have something to do with the previous interview with the State Administration for Market Regulation.</p><p>On the morning of August 20th, a \"Notice on Convening a Symposium on the Supervision of Liquor Market Order\" issued by the State Administration for Market Supervision suddenly circulated in the market. The notice shows, \"In order to implement the spirit of the notices and instructions issued by the leaders of the CPC Central Committee and the State Council and do a good job in the supervision of the liquor market, our bureau plans to hold a symposium on the morning of August 20th, and ask your unit to send a comrade who is familiar with the business to attend. The attending address is China Price Association.\"</p><p>As early as September 2011 and January 2017, the Price Supervision Bureau of the National Development and Reform Commission also held two symposiums on liquor prices. The core content of the two meetings is to require industry associations and key liquor enterprises to play a role in maintaining liquor market prices, maintaining market price order, creating a fair competitive environment and promoting the healthy development of liquor industry. It is worth noting that the background of the two symposiums that year was the time when liquor prices were rising rapidly.</p><p>According to the historical market, every time we enter September, facing the upcoming Mid-Autumn Festival and National Day peak seasons, there will be a wave of price increases for liquor. The same is true this year. According to a research report published by Huafu Securities on August 20, the original box price of Feitian Moutai in 2020 rose by 10 yuan to 3,850 yuan; In 2021, the batch price of the original box will increase by 30 yuan to 3,860 yuan; The batch price of loose bottles in 2021 will increase by 130 yuan to 3,170 yuan.</p><p><b>\"The General Administration's action made many dealers unconsciously think of the previous incident of local market supervision departments to rectify scalpers' wine speculation, so many people panicked and began to find ways to find a home for the goods in their hands. There are more dealers with such ideas, and the market price will naturally come down.\" The above-mentioned dealer said.</b></p><p>After the above-mentioned regulatory interview notice was issued, the market's pessimism about the liquor sector spread. On August 20, Kweichow Moutai fell below the 1,600 yuan mark, down 4.4%, and its total market value fell below 2 trillion yuan;<a href=\"https://laohu8.com/S/000799\">Jiugui Liquor</a>、<a href=\"https://laohu8.com/S/600809\">Shanxi Fenjiu</a>Hit the daily limit one after another,<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>Fell more than 7%.</p><p>However, then, the market sentiment gradually stabilized. As of the close on August 25, Kweichow Moutai had risen for three consecutive trading days, and its stock price returned to more than 1,600 yuan, an increase of 2.45% on the 25th. Similarly, the liquor sector has also risen in the last three trading days.</p><p>Standardize industry development and crack down on speculative capital and disorderly price increases</p><p>In fact, whether it is regulatory interviews or Maotai's multiple measures to stabilize wine prices, the trend of regulating the development of the industry and cracking down on speculative capital and disorderly price increases is already very obvious.</p><p>The food and beverage research team of Huafu Securities believes that for a long time, the high gross profit margin of liquor and the sauce-flavor fever in the past two years have triggered the pursuit of liquor industry by capital, and excessive capital intervention has led to disorderly price increases and mixed manufacturers in the liquor market. The convening of this symposium is a restriction on capital in the primary market and the speculation of individual enterprises in the secondary market by acquiring liquor enterprises, which is equivalent to shortening the cycle of disorderly development of the industry.</p><p>Some industry experts pointed out that although the financial attributes and investment attributes of Maotai will not fade immediately because of the above policies and measures, with the long-term efforts of relevant departments and enterprises, the situation that Maotai is over-sought after by the capital and consumer markets will change. In the future, Maotai will also be expected to enter the era of \"wine is for drinking, not for hoarding or speculation\".</p><p>The research report published by Dongxing Food and Beverage on August 22nd pointed out that the state is concerned about the price of Moutai, which may bring Maotai Company to further strictly control the terminal price of Moutai in the short term. Before the Mid-Autumn Festival, Maotai may increase market supply to stabilize the market price. Even if the approval price of Maotai fluctuates, the impact on the industry will be short-term. It is judged that the demand of the liquor industry next year will still be steady and progressing, and the judgment of industry prosperity will not be changed.</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>What's the situation? Moutai issued a \"price reduction order\" and lowered it by 200 yuan? How big is the impact</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\">\nWhat's the situation? Moutai issued a \"price reduction order\" and lowered it by 200 yuan? How big is the impact\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time smaller\">2021-08-26 09:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Is the price of Moutai going to be reduced?</p><p>According to media reports, with the coming of the \"Double Festival\" of the Mid-Autumn Festival and National Day, Moutai Distillery has introduced a number of measures to stabilize the soaring wine price and maintain the normal market price system, including strictly implementing the \"three 100%\", increasing the retail ratio, strengthening service and atmosphere creation, and epidemic prevention. Taking Beijing as an example, on August 25th, the market price of Moutai has dropped to around 2,800 yuan/bottle, down about 200 yuan.</p><p>Whether it is regulatory interviews or Maotai's multiple measures to stabilize wine prices, the trend of regulating the development of the industry and cracking down on speculative capital and disorderly price increases is already very obvious. Institutions generally believe that although short-term policy risks and pessimism in the liquor industry still exist, after industry standardization and rectification, the liquor industry will shorten the cycle of disorderly development and usher in longer-term development opportunities.</p><p>Affected by this and the style change of the A-share market, pessimism in the liquor sector has continued to spread recently. Maotai's share price once approached 1,500 yuan, with the biggest drop of more than 40% during the year. However, market sentiment has gradually stabilized recently. As of the close on August 25,<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>It has risen for three consecutive trading days, and the stock price has returned to more than 1,600 yuan. The liquor index also recorded three consecutive positives.</p><p>To stabilize wine prices, Maotai takes multiple measures to cool down before the \"Double Festival\"</p><p>On August 25th, some media reported that with the coming of the Mid-Autumn Festival and National Day, in order to stabilize wine prices, Moutai Distillery has issued relevant policies, requiring the marketing front line to plan and deploy in advance, do a good job in Moutai sales, guide and urge dealers to sell wine, and make every effort to improve consumers' wine buying experience.</p><p>It is reported that Kweichow Moutai Sales Co., Ltd. has organized the main sales team to conduct a week-long special training to determine the idea of \"stabilizing the market and price\". Judging from the requirements of Moutai provinces and regions, strictly implementing the \"three 100%\", increasing the proportion of retail sales, strengthening service and atmosphere creation, and epidemic prevention work are the basic requirements of Moutai for distributors during the double festival in 2021.</p><p>Among them, the Henan Provincial Dealers Association of Maotai Sales Company held a video conference on the \"Double Festival\" work, which conveyed the work requirements of \"stabilizing the market and price\" of Maotai Group during the \"Mid-Autumn Festival and National Day\" double festival, and deployed the sales work in Henan market. At the meeting, the relevant leaders, while conveying the market work documents of Maotai Group during the \"Double Festival\", also put forward six requirements for dealers, not only requiring dealers to increase the retail ratio, but also strictly implementing three 100% policies (100% unpacking, 100% clearing and 100% invoicing), and specifically requiring 100% clearing of all dealers and specialty stores to be completed within 40 days.</p><p><b>Moutai Jilin Province has put forward five requirements for dealers:</b></p><p>1. Do a good job in the \"three 100%\" (100% unpacking sales, 100% inventory clearing, and 100% street service);</p><p>2. Increase the proportion of retail sales;</p><p>3. Do a good job in sales data management, consumer service, creating a double-festival atmosphere, etc. It is hoped that the heads of each distribution unit will come to the store at least 3 days a week to participate in service work;</p><p>4. Do a good job in epidemic prevention and control;</p><p>5. Make overall plans for the sales arrangements of Moutai during the Double Festival, make safety plans, and implement sales in strict accordance with the daily sales plan.</p><p>Judging from the research of industry insiders, Maotai's many measures to stabilize wine prices have achieved initial results.</p><p>Taking Beijing as an example, on August 25th, the market price of Moutai has dropped to around 2,800 yuan/bottle, which is about 200 yuan down. At the same time, other Moutai products have also begun to fall slightly; A large dealer in Henan said that the current market price of Feitian Moutai is around 2,850 yuan, and the price has dropped by about 400 yuan.</p><p>The recycling price of scalpers has also dropped accordingly. The recycling price of Moutai in 2021 is 2,500 yuan/bottle, the recycling price of Moutai in 2020 is 2,510 yuan/bottle, and the recycling price of Moutai in 2019 is 2,600 yuan/bottle.</p><p>Market pessimism once spread</p><p>Regarding the above-mentioned phenomenon of Maotai's multiple measures to stabilize wine prices, some dealers believe that this may have something to do with the previous interview with the State Administration for Market Regulation.</p><p>On the morning of August 20th, a \"Notice on Convening a Symposium on the Supervision of Liquor Market Order\" issued by the State Administration for Market Supervision suddenly circulated in the market. The notice shows, \"In order to implement the spirit of the notices and instructions issued by the leaders of the CPC Central Committee and the State Council and do a good job in the supervision of the liquor market, our bureau plans to hold a symposium on the morning of August 20th, and ask your unit to send a comrade who is familiar with the business to attend. The attending address is China Price Association.\"</p><p>As early as September 2011 and January 2017, the Price Supervision Bureau of the National Development and Reform Commission also held two symposiums on liquor prices. The core content of the two meetings is to require industry associations and key liquor enterprises to play a role in maintaining liquor market prices, maintaining market price order, creating a fair competitive environment and promoting the healthy development of liquor industry. It is worth noting that the background of the two symposiums that year was the time when liquor prices were rising rapidly.</p><p>According to the historical market, every time we enter September, facing the upcoming Mid-Autumn Festival and National Day peak seasons, there will be a wave of price increases for liquor. The same is true this year. According to a research report published by Huafu Securities on August 20, the original box price of Feitian Moutai in 2020 rose by 10 yuan to 3,850 yuan; In 2021, the batch price of the original box will increase by 30 yuan to 3,860 yuan; The batch price of loose bottles in 2021 will increase by 130 yuan to 3,170 yuan.</p><p><b>\"The General Administration's action made many dealers unconsciously think of the previous incident of local market supervision departments to rectify scalpers' wine speculation, so many people panicked and began to find ways to find a home for the goods in their hands. There are more dealers with such ideas, and the market price will naturally come down.\" The above-mentioned dealer said.</b></p><p>After the above-mentioned regulatory interview notice was issued, the market's pessimism about the liquor sector spread. On August 20, Kweichow Moutai fell below the 1,600 yuan mark, down 4.4%, and its total market value fell below 2 trillion yuan;<a href=\"https://laohu8.com/S/000799\">Jiugui Liquor</a>、<a href=\"https://laohu8.com/S/600809\">Shanxi Fenjiu</a>Hit the daily limit one after another,<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>Fell more than 7%.</p><p>However, then, the market sentiment gradually stabilized. As of the close on August 25, Kweichow Moutai had risen for three consecutive trading days, and its stock price returned to more than 1,600 yuan, an increase of 2.45% on the 25th. Similarly, the liquor sector has also risen in the last three trading days.</p><p>Standardize industry development and crack down on speculative capital and disorderly price increases</p><p>In fact, whether it is regulatory interviews or Maotai's multiple measures to stabilize wine prices, the trend of regulating the development of the industry and cracking down on speculative capital and disorderly price increases is already very obvious.</p><p>The food and beverage research team of Huafu Securities believes that for a long time, the high gross profit margin of liquor and the sauce-flavor fever in the past two years have triggered the pursuit of liquor industry by capital, and excessive capital intervention has led to disorderly price increases and mixed manufacturers in the liquor market. The convening of this symposium is a restriction on capital in the primary market and the speculation of individual enterprises in the secondary market by acquiring liquor enterprises, which is equivalent to shortening the cycle of disorderly development of the industry.</p><p>Some industry experts pointed out that although the financial attributes and investment attributes of Maotai will not fade immediately because of the above policies and measures, with the long-term efforts of relevant departments and enterprises, the situation that Maotai is over-sought after by the capital and consumer markets will change. In the future, Maotai will also be expected to enter the era of \"wine is for drinking, not for hoarding or speculation\".</p><p>The research report published by Dongxing Food and Beverage on August 22nd pointed out that the state is concerned about the price of Moutai, which may bring Maotai Company to further strictly control the terminal price of Moutai in the short term. Before the Mid-Autumn Festival, Maotai may increase market supply to stabilize the market price. Even if the approval price of Maotai fluctuates, the impact on the industry will be short-term. It is judged that the demand of the liquor industry next year will still be steady and progressing, and the judgment of industry prosperity will not be changed.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/028f21b9e1187158e59b0f369bd94af2","relate_stocks":{"600519":"贵州茅台"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162063447","content_text":"茅台酒要降价了？\n有媒体报道称，随着中秋国庆“双节”的来临，茅台酒厂已出台多条举措平抑酒价疯长，维护正常市场价格体系，包含严格执行“三个100%”、加大零售比例、加强服务和氛围营造以及防疫工作等四项工作。以北京为例，8月25日茅台酒市场价格已回落到2800元/瓶附近，下行200元左右。\n无论是监管约谈还是茅台多举措平抑酒价，其背后规范行业发展，打击投机资本与无序涨价的趋势已经十分明显。机构普遍认为，虽然白酒行业短期的政策风险和悲观情绪仍然存在，但在经过行业规范和整顿后，白酒行业将缩短无序发展的周期，迎来更为长期的发展机遇。\n受此影响以及A股市场风格转换，近期白酒板块悲观情绪持续蔓延，茅台股价一度逼近1500元，年内最大跌幅超过40%。不过，近期市场情绪便逐渐趋于稳定，截至8月25日收盘，贵州茅台已经连续三个交易日上涨，股价重回1600元以上。白酒指数亦录得三连阳。\n平抑酒价，茅台“双节”前多举措降温\n8月25日，有媒体报道称，随着中秋国庆的来临，为平抑酒价，茅台酒厂已出台相关政策，要求营销一线提前谋划部署，做好茅台酒销售工作，引导督促经销商把酒卖出去，全力提升消费者购酒体验。\n据悉，贵州茅台酒销售有限公司已经组织销售主力团队进行了长达一周的特殊培训，确定“稳市稳价”的思路。从茅台酒各省区的要求来看，严格执行“三个100%”、加大零售比例、加强服务和氛围营造以及防疫工作等四项工作，是茅台酒对经销商在2021年双节期间的基本要求。\n其中，茅台销售公司河南省区经销商联谊会召开了“双节”工作视频会议，传达了茅台集团“中秋国庆”双节期间“稳市稳价”工作要求，部署河南市场销售工作。会上，相关领导在传达茅台集团“双节”期间市场工作文件的同时，还对经销商提出了六点要求，不仅要求经销商提高零售比例，还要严格执行三个100%政策（100%拆箱、100%清零、100%开票），并特别要求100%清零所有经销商和专卖店要在40天内完成。\n而茅台酒吉林省区则对经销商提出了五大要求：\n1、做好“三个100%”（100%拆箱销售、100%库存清零、100%临街设点服务）工作；\n2、加大零售比例；\n3、做好销售数据管理、消费者服务、双节氛围营造等，希望各经销单位负责人每周至少3天到店参与服务工作；\n4、做好疫情防控工作；\n5、统筹做好双节期间茅台酒销售安排，做好安全预案，严格按照日销售计划执行销售。\n从产业内人士调研的情况来看，茅台平抑酒价的多个举措已经取得初步成效。\n以北京为例，8月25日茅台酒市场价格已回落到2800元/瓶附近，下行200元左右，同时其他茅台产品也开始小幅回落；河南一大型经销商表示，目前飞天茅台市场价在2850元左右，价格下滑了约400元。\n黄牛的回收价也相应下降，其中2021年的茅台回收价为2500元/瓶，2020年的茅台回收价为2510元/瓶，2019年的茅台回收价为2600元/瓶。\n市场悲观情绪一度蔓延\n对于上述茅台多举措平抑酒价的现象，有经销商认为，这可能和此前市场监管总局的约谈有一定关系。\n8月20日早上，市场曾突然流传出一份市场监督管理总局发布的《关于召开白酒市场秩序监管座谈会的通知》。通知显示，“为贯彻落实党中央、国务院领导通知批示精神，做好白酒市场监管工作，我局拟于8月20日上午召开座谈会，请你单位派一名熟悉业务的同志参加。参会地址为中国价格协会。”\n而早在2011年9月、2017年1月，国家发改委价监局也曾先后两次召开白酒价格座谈会。两次会议的核心内容均是要求行业协会及白酒骨干企业要起到维护白酒市场价格的作用，维护市场价格秩序，营造公平的竞争环境，促进白酒行业的健康发展。值得注意的是，当年的两场座谈会的背景，都是白酒价格处于快速上升的时间节点。\n按照历史行情，每当进入九月份之后，面对即将到来的中秋、国庆旺季，白酒多会出现一个涨价潮。今年同样如此，根据华福证券8月20日发表的研报调研，彼时2020年的飞天茅台原箱批价上涨10元至3850元；2021年原箱批价上涨30元至3860元；2021年的散瓶批价上涨130元至3170元。\n“总局出马让很多经销商不自觉联想到了此前地方市场监管部门出手整治黄牛炒酒的事情，因此很多人慌了起来，开始想办法为手里的货找下家。有这样想法的经销商一多，市场价格自然就下来了。”上述经销商表示。\n在上述监管约谈的通知下发后，市场对白酒板块的悲观情绪蔓延。8月20日当天，贵州茅台跌破1600元大关，下跌4.4%，总市值跌破2万亿；酒鬼酒、山西汾酒先后触及跌停，五粮液跌超7%。\n不过随后，市场情绪便逐渐趋于稳定，截至8月25日收盘，贵州茅台已经连续三个交易日上涨，股价重回1600元以上，25日涨幅2.45%。同样，白酒板块在最近3个交易日中，也出现上涨。\n规范行业发展，打击投机资本与无序涨价\n实际上，无论是监管约谈还是茅台多举措平抑酒价，其背后规范行业发展，打击投机资本与无序涨价的趋势已经十分明显。\n华福证券食品饮料研究团队认为，长期以来，白酒的高毛利率以及近两年的酱香热引发资本对白酒行业的追逐，过度的资本干预导致白酒市场存在价格无序上涨、厂家鱼龙混杂的现象，而该座谈会的召开是对一级市场资本的限制和对二级市场个别企业借收购白酒企业炒作的限制，相当于缩短行业无序发展的周期，为遵守市场规则、行稳致远的龙头酒企提供一个有序的生产环境和市场环境。\n有行业专家指出，虽然茅台身上的金融属性与投资属性不会因为上述政策和措施立即消退，但是在相关部门和企业长期努力下，茅台酒被资本与消费市场过度追捧的局面将有所改变，未来茅台酒也将有望步入“酒是用来喝的，不是用来囤的、用来炒的”的时代。\n东兴食饮8月22日发表的研报指出，国家关注到茅台酒价，短期内可能带来茅台公司对茅台终端价格的进一步严格管控，中秋节前茅台或加大市场供应量来平抑市场价格。即使茅台批价出现波动，对行业的影响也会偏短期，判断明年白酒行业需求仍是稳中有进，不改变行业景气判断。","news_type":1,"symbols_score_info":{"600519":0.9}},"isVote":1,"tweetType":1,"viewCount":1028,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944028124,"gmtCreate":1681635394169,"gmtModify":1681635400016,"author":{"id":"3570321585113621","authorId":"3570321585113621","name":"nyf","avatar":"https://static.tigerbbs.com/50956299ccdc6503eb74b79565951e0c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3570321585113621","idStr":"3570321585113621"},"themes":[],"htmlText":"[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","listText":"[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","text":"[微笑] 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