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    谋定后动CrowdStrike Return RateTeslaAug 2 at 11:05 AM

    [Mou Zhou's Notes] Cheapness is not the reason for you to buy in (Week 31 of 2026 | Issue No. 281)

    In 1992, the Shanghai and Shenzhen exchanges listed a strange type of stock: B-shares. The same company, with identical equity and dividends, had two different prices. A-shares were denominated in RMB and sold only to domestic investors; B-shares were priced in US dollars or HKD and sold exclusively to foreign investors. Two groups of buyers, separated by a wall of foreign exchange controls, bought independently. The result was: same shares, same rights, but B-shares traded at a long-term discount of 30% to 50% compared to A-shares. This wasn't because the companies were worse; it was simply because the pool of money able to buy B-shares did not interoperate with the pool able to buy A-shares. This discount persisted for nearly ten years...

    中芯、华虹的A股价格仍是H股的两倍以上 A/H比价=A股价格H股价格(折人民币),周线,2021/5至2026/7 4.0 3.5 3.0 2.5 2.27 2
    填坑的是北水:南向净买入创纪录,占港股成交近四分之一 2026年3月止12个月南向净买入约1.19万亿港元(约1,520亿美元),日均成交同比+84% 南向资金
    SK Hynix, Intel In Talks Over Ohio Chip Plant
  • P
    ProfitJan 13 at 10:48 AM

    I don't understand. This TianShuZhiXin just went public with a crazy market cap, so why did it drop so much today? -6 points—who taught it that?... It claims to be the domestic AI leader in GPUs, so why does it feel like the money is fleeing so fast? And what's this about 'capital warming up'—I don't see any warmth anywhere.

    Shanghai Fudan—I just saw it talking about potential in the storage sector, but it still followed the downtrend. Even the chip recovery news couldn't stop it from dumping.

    TianYue Advanced Silicon Carbide too—such strong power-driven momentum, institutions shouting target prices all day, but when it drops, I get no signal, huh? They talk about growth, overseas expansion, innovation, yet it just keeps sinking lower every day. HK semiconductor stocks are ridiculous—nothing happens to them at all😂