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2021-06-29

[得意]

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2021-06-28

[微笑]

The Hong Kong Stock Exchange will resume trading at 1:30 p.m., as the rainstorm signal changes.<blockquote>随着暴雨信号的变化，香港联交所将于下午1点30分恢复交易。</blockquote>

2021-06-24

Good

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2021-06-21

[微笑]

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2021-06-16

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2021-04-13

😊

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2021-03-13

Wow

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2021-03-09

Good

Berkshire Hathaway Class A Shares Have Become More Actively Traded. Why That’s Important<blockquote>伯克希尔哈撒韦公司 A 类股票的交易变得更加活跃。为什么这很重要</blockquote>

2021-03-09

👍

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2021-03-09

Like

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2021-03-09

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2021-03-08

Good

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2021-03-08

Nice

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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624850034,"share":"https://www.laohunote.com/m/news/1161283536?lang=zh_CN&edition=full","pubTime":"2021-06-28 11:13","market":"hk","language":"en","title":"The Hong Kong Stock Exchange will resume trading at 1:30 p.m., as the rainstorm signal changes.<blockquote>随着暴雨信号的变化，香港联交所将于下午1点30分恢复交易。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161283536","media":"Tiger Newspress","summary":"Hong Kong stocks will resume trading Monday afternoon, after the city’s weather observatory lowered ","content":"<p>Hong Kong stocks will resume trading Monday afternoon, after the city’s weather observatory lowered its rainstorm warning that had earlier prompted the cancellation of the morning session.</p><p><blockquote>香港股市将于周一下午恢复交易，此前香港气象台降低了早些时候导致早盘交易取消的暴雨警告。</blockquote></p><p> The Hong Kong Observatory lowered the rainstorm warning to red from black shortly after 11 a.m. local time, meaning stock trading will begin at 1:30 p.m. in accordance with Hong Kong Exchanges and Clearing Ltd.’s rules. The bourse operator had earlier canceled morning trading of bothsecuritiesand derivatives markets, including Stock Connect due to the black rain warning.</p><p><blockquote>当地时间上午 11 点过后不久，香港天文台将暴雨警告从黑色降至红色，这意味着根据香港交易及结算所有限公司的规定，股票交易将于下午 1:30 开始。由于黑雨警告，交易所运营商早些时候取消了证券和衍生品市场的早盘交易，包括Stock Connect。</blockquote></p><p> Earlier the city’s education bureau suspended classes across Hong Kong due to the severe weather conditions. The government will resume vaccination after lowering the rainstorm warning.</p><p><blockquote>早些时候，由于恶劣的天气条件，该市教育局在全港停课。政府将在降低暴雨警告后恢复疫苗接种。</blockquote></p><p> Morning trading in the city was lastcanceledin October last year, when tropical storm Nangka prompted authorities to shutter businesses and close schools. Average dailyturnoverin Hong Kong this year stands at around HK$188 billion ($24.2 billion), according to data compiled by Bloomberg.</p><p><blockquote>该市上一次取消早盘交易是在去年 10 月，当时热带风暴浪卡促使当局关闭企业和学校。根据彭博社汇编的数据，今年香港的日均营业额约为 1,880 亿港元（242 亿美元）。</blockquote></p><p> When the market reopens in the afternoon, “there will still be plenty of time to digest weekend news and A-share movements,” said Steven Leung, executive director of UoB Kay Hian (Hong Kong) Ltd. “Markets have been relatively stable in both Hong Kong and A shares lately.”</p><p><blockquote>大华继显（香港）有限公司执行董事Steven Leung表示：”下午市场重新开盘时，“仍有充足时间消化周末新闻和A股走势。“近期香港和A股市场都相对稳定”。</blockquote></p><p></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 Hong Kong Stock Exchange will resume trading at 1:30 p.m., as the rainstorm signal changes.<blockquote>随着暴雨信号的变化，香港联交所将于下午1点30分恢复交易。</blockquote></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 Hong Kong Stock Exchange will resume trading at 1:30 p.m., as the rainstorm signal changes.<blockquote>随着暴雨信号的变化，香港联交所将于下午1点30分恢复交易。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-28 11:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hong Kong stocks will resume trading Monday afternoon, after the city’s weather observatory lowered its rainstorm warning that had earlier prompted the cancellation of the morning session.</p><p><blockquote>香港股市将于周一下午恢复交易，此前香港气象台降低了早些时候导致早盘交易取消的暴雨警告。</blockquote></p><p> The Hong Kong Observatory lowered the rainstorm warning to red from black shortly after 11 a.m. local time, meaning stock trading will begin at 1:30 p.m. in accordance with Hong Kong Exchanges and Clearing Ltd.’s rules. The bourse operator had earlier canceled morning trading of bothsecuritiesand derivatives markets, including Stock Connect due to the black rain warning.</p><p><blockquote>当地时间上午 11 点过后不久，香港天文台将暴雨警告从黑色降至红色，这意味着根据香港交易及结算所有限公司的规定，股票交易将于下午 1:30 开始。由于黑雨警告，交易所运营商早些时候取消了证券和衍生品市场的早盘交易，包括Stock Connect。</blockquote></p><p> Earlier the city’s education bureau suspended classes across Hong Kong due to the severe weather conditions. The government will resume vaccination after lowering the rainstorm warning.</p><p><blockquote>早些时候，由于恶劣的天气条件，该市教育局在全港停课。政府将在降低暴雨警告后恢复疫苗接种。</blockquote></p><p> Morning trading in the city was lastcanceledin October last year, when tropical storm Nangka prompted authorities to shutter businesses and close schools. Average dailyturnoverin Hong Kong this year stands at around HK$188 billion ($24.2 billion), according to data compiled by Bloomberg.</p><p><blockquote>该市上一次取消早盘交易是在去年 10 月，当时热带风暴浪卡促使当局关闭企业和学校。根据彭博社汇编的数据，今年香港的日均营业额约为 1,880 亿港元（242 亿美元）。</blockquote></p><p> When the market reopens in the afternoon, “there will still be plenty of time to digest weekend news and A-share movements,” said Steven Leung, executive director of UoB Kay Hian (Hong Kong) Ltd. “Markets have been relatively stable in both Hong Kong and A shares lately.”</p><p><blockquote>大华继显（香港）有限公司执行董事Steven Leung表示：”下午市场重新开盘时，“仍有充足时间消化周末新闻和A股走势。“近期香港和A股市场都相对稳定”。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161283536","content_text":"Hong Kong stocks will resume trading Monday afternoon, after the city’s weather observatory lowered its rainstorm warning that had earlier prompted the cancellation of the morning session.\nThe Hong Kong Observatory lowered the rainstorm warning to red from black shortly after 11 a.m. local time, meaning stock trading will begin at 1:30 p.m. in accordance with Hong Kong Exchanges and Clearing Ltd.’s rules. The bourse operator had earlier canceled morning trading of bothsecuritiesand derivatives markets, including Stock Connect due to the black rain warning.\nEarlier the city’s education bureau suspended classes across Hong Kong due to the severe weather conditions. The government will resume vaccination after lowering the rainstorm warning.\nMorning trading in the city was lastcanceledin October last year, when tropical storm Nangka prompted authorities to shutter businesses and close schools. Average dailyturnoverin Hong Kong this year stands at around HK$188 billion ($24.2 billion), according to data compiled by Bloomberg.\nWhen the market reopens in the afternoon, “there will still be plenty of time to digest weekend news and A-share movements,” said Steven Leung, executive director of UoB Kay Hian (Hong Kong) Ltd. “Markets have been relatively stable in both Hong Kong and A shares lately.”","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":1547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":121218063,"gmtCreate":1624465119452,"gmtModify":1634005688406,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121218063","repostId":"1166274187","repostType":4,"isVote":1,"tweetType":1,"viewCount":846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167990570,"gmtCreate":1624241475390,"gmtModify":1634009036361,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167990570","repostId":"1110026756","repostType":4,"isVote":1,"tweetType":1,"viewCount":1681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":160445776,"gmtCreate":1623805335495,"gmtModify":1634027924088,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160445776","repostId":"2143680537","repostType":4,"isVote":1,"tweetType":1,"viewCount":1169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345134204,"gmtCreate":1618286035408,"gmtModify":1634293938198,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345134204","repostId":"1101127164","repostType":4,"isVote":1,"tweetType":1,"viewCount":1054,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326368225,"gmtCreate":1615595944767,"gmtModify":1703491372650,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/326368225","repostId":"1114441743","repostType":4,"isVote":1,"tweetType":1,"viewCount":1244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329576948,"gmtCreate":1615263845784,"gmtModify":1703486448111,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329576948","repostId":"1185392550","repostType":4,"repost":{"id":"1185392550","kind":"news","pubTimestamp":1615260305,"share":"https://www.laohunote.com/m/news/1185392550?lang=zh_CN&edition=full","pubTime":"2021-03-09 11:25","market":"us","language":"en","title":"Berkshire Hathaway Class A Shares Have Become More Actively Traded. Why That’s Important<blockquote>伯克希尔哈撒韦公司 A 类股票的交易变得更加活跃。为什么这很重要</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185392550","media":"Barrons","summary":"(March 9) Berkshire Hathaway’s Class A shares have had unusually high trading activity of late. And ","content":"<p>(March&nbsp;9)&nbsp;Berkshire Hathaway’s Class A shares have had unusually high trading activity of late. And that could mean that an investor is accumulating the high-vote stock, whose dominant holder is CEO Warren Buffett.</p><p><blockquote>(3月9日）伯克希尔-哈撒韦公司（Berkshire Hathaway）的A类股票最近异常活跃。这可能意味着投资者正在积累高投票权股票，其主要持有人是首席执行官沃伦·巴菲特。</blockquote></p><p>The Class A shares (ticker BRK.A) normally trade on light volume, reflecting their high price—the stock finished Friday at $381,600—and a preference among institutional and retail investors for the more liquid Class B shares (BRK.B), which ended Friday at $253.15. The Class B stock is in the S&amp;P 500 index.</p><p><blockquote>A 类股（股票代码 BRK.A）通常交易量较小，这反映了其高价（该股周五收盘价为 381,600 美元）以及机构和散户投资者对流动性更强的 B 类股 (BRK.B) 的偏好，周五收盘价为 253.15 美元。B类股票属于标普500指数。</blockquote></p><p>In recent weeks, however, trading in the Class A shares has been elevated at an average of more than 2,000 shares a day—and 2,500 a day in past five sessions—against an average of fewer than 500 shares daily in 2020. The difference translates into about $800 million of additional daily trades in the Class A stock. Trading activity in the Class B shares, meanwhile, has not been elevated—an average of about five million shares a day in the past month, against six million in the last 12 months.</p><p><blockquote>然而，最近几周，A 类股的交易量平均每天超过 2,000 股，过去五个交易日平均每天 2,500 股，而 2020 年平均每天不到 500 股。这一差异意味着 A 类股票每日额外交易额约为 8 亿美元。与此同时，B类股的交易活动并没有增加——过去一个月平均每天约500万股，而过去12个月为600万股。</blockquote></p><p>Berkshire shares have bested the S&amp;P 500 this year with the Class A stock up 9.7% through Friday, against a 2.5% rise in the index after trailing the index by a total of over 40 percentage points in 2019 and 2020. Wall Street has warmed to Berkshire thanks to its relatively low valuation versus book value and as a reopening play given its many economically sensitive businesses.</p><p><blockquote>伯克希尔股票今年跑赢了标普500，截至周五，A类股票上涨了9.7%，而在2019年和2020年总共落后该指数40多个百分点后，该指数上涨了2.5%。由于伯克希尔的估值相对于账面价值相对较低，并且考虑到其许多经济敏感业务，华尔街对伯克希尔产生了兴趣。</blockquote></p><p>The shares continued their recent rally on Monday, with the Class A shares up 1.6%, to a near record of $387,840, and the Class B stock 1.4% higher, at $256.65.</p><p><blockquote>周一，该股延续了近期的涨势，A 类股上涨 1.6%，至接近历史新高的 387,840 美元，B 类股上涨 1.4%，至 256.65 美元。</blockquote></p><p>Investors will probably have to wait until mid-May, when institutional holders file their March 31 equity investments, for the identity of the possible buyer of the Class A stock to be known, unless the purchaser gets to a 5% stake, which would trigger a quicker regulatory filing.</p><p><blockquote>投资者可能要等到 5 月中旬，即机构持有人提交 3 月 31 日的股权投资时，才能知道 A 类股票可能买家的身份，除非买家获得 5% 的股份，这将触发更快的监管备案。</blockquote></p><p>WSJ&nbsp;Jobs&nbsp;Summmit&nbsp;|&nbsp;Succeed&nbsp;in&nbsp;the&nbsp;Search&nbsp;|&nbsp;March&nbsp;4</p><p><blockquote>《华尔街日报》招聘峰会 | 成功求职 | 3月4日</blockquote></p><p>Berkshire’s Class B stock is equal to 1/1500 of a share of the Class A shares, but it carries just 1/10,000 of the vote.</p><p><blockquote>伯克希尔的 B 类股票相当于 A 类股票的 1/1500，但其投票权仅为 1/10,000。</blockquote></p><p>This has helped Buffett maintain control of the company as his economic interest declines because of his large annual gifts of Berkshire stock to the Bill &amp; Melinda Gates Foundation and other charitable organizations over the past 15 years. Buffett gave way $2.9 billion to the various foundations last year. The Class A is the original Berkshire stock, while the Class B was created in 1996.</p><p><blockquote>这有助于巴菲特在经济利益下降时保持对公司的控制，因为他在过去15年中每年都会向比尔及梅琳达·盖茨基金会和其他慈善组织捐赠大量伯克希尔股票。巴菲特去年向各个基金会捐赠了 29 亿美元。A 类是最初的伯克希尔股票，而 B 类是在 1996 年创建的。</blockquote></p><p>Buffett holds 248,734 Class A shares, a 16% economic interest in the company, but roughly 30% of the vote. Buffett owns 39% of the Class A stock. Around 40% of Berkshire’s stock is held in the Class A shares, with the rest in the Class B. Berkshire’s market value is around $580 billion.</p><p><blockquote>巴菲特持有 248,734 股 A 类股票，占该公司 16% 的经济权益，但拥有大约 30% 的投票权。巴菲特拥有 39% 的 A 类股票。伯克希尔约 40% 的股票为 A 类股，其余为 B 类股。</blockquote></p><p>It is notable that when Buffett gives away stock annually, he converts his Class A stock to Class B stock. The Class B stock is more liquid than the A, simplifying subsequent sales by the Gates foundation and others. But in converting the A shares, Buffett ensures that other investors won’t get their hands on the supervoting shares.</p><p><blockquote>值得注意的是，当巴菲特每年赠送股票时，他将自己的A类股票转换为B类股票。B类股票比A类股票更具流动性，简化了盖茨基金会和其他人的后续销售。但在转换 A 股时，巴菲特确保其他投资者不会获得超级投票权股票。</blockquote></p><p>That could be important in the post-Buffett era, because it means whoever is overseeing his estate should have a sizable voting interest in Berkshire. Buffett has said that his Berkshire stake would be given away in the 12 years after his death.</p><p><blockquote>这在后巴菲特时代可能很重要，因为这意味着无论谁监管他的遗产，都应该在伯克希尔拥有相当大的投票权。巴菲特曾表示，他在伯克希尔的股份将在他去世后的 12 年内被赠送。</blockquote></p><p>Berkshire could face pressure from activists after Buffett’s death to break up the company, something that the CEO opposes. Buffett has said that he doubts any breakup will occur because sufficient stock is likely to be in friendly hands after his death.</p><p><blockquote>巴菲特去世后，伯克希尔可能会面临激进分子要求解散公司的压力，而这位首席执行官对此表示反对。巴菲特曾表示，他怀疑是否会发生任何分手，因为在他去世后，足够的股票可能会掌握在友好手中。</blockquote></p><p>The Class A stock can be converted into 1,500 shares of the Class B stock, but not the other way around. As a result, the Class A stock can trade at a premium to the Class B. With the recent buying activity in the A stock, it ended Friday at a roughly 0.5% premium to the B shares, against virtual parity at year-end 2020.</p><p><blockquote>A类股票可以转换为1,500股B类股票，但不能相反。因此，A 类股票的交易价格可能高于 B 类股票。由于 A 股最近的买盘活动，周五收盘时，A 股较 B 股溢价约 0.5%，而 2020 年底的实际平价为 0.5%。</blockquote></p><p>There are few sizable holders of the Class A stock besides Buffett. Fidelity parent FMR is the only other owner of more than 5%. Much of the Fidelity stake is held by Fidelity Contrafund (FCNTX), whose manager, Will Danoff, is a longtime Berkshire fan and holder.</p><p><blockquote>除了巴菲特之外，很少有A类股票的重要持有者。富达母公司 FMR 是唯一持股超过 5% 的其他所有者。富达的大部分股份由富达对冲基金 (FCNTX) 持有，其经理威尔·达诺夫 (Will Danoff) 是伯克希尔的长期粉丝和持有者。</blockquote></p><p>Buffett discussed the Class A and Class B stock in a 1999 memo to Berkshire holders that was last updated in 2010.</p><p><blockquote>巴菲特在 1999 年向伯克希尔股东发出的一份备忘录中讨论了 A 类股票和 B 类股票，该备忘录最后一次更新是在 2010 年。</blockquote></p><p>Here’s what Buffett wrote:</p><p><blockquote>巴菲特是这样写的：</blockquote></p><p></p><p>When there is more demand for the B (relative to supply) than for the A, the B will sell at roughly 1/1,500th of the price of A. When there’s a lesser demand, it will fall to a discount. In my opinion, most of the time, the demand for the B will be such that it will trade at about 1/1,500th of the price of the A.However, from time to time, a different supply-demand situation will prevail and the B will sell at some discount. In my opinion, again, when the B is at a discount of more than say, 1%, it offers a better buy than the A. When the two are at parity, however, anyone wishing to buy 1,500 or more B should consider buying A instead.</p><p><blockquote>当 B 的需求量（相对于供应量）大于 A 时，B 的售价约为 A 价格的 1/1500 分之一。在我看来，大多数时候，对B的需求将是这样的，它将以大约A价格的1/1500分之一的价格交易价格。然而，有时会出现不同的供需情况，B会以一定的折扣出售。在我看来，同样，当 B 的折扣超过 1% 时，它比 A 更划算。然而，当两者处于平价时，任何希望购买 1,500 或更多 B 的人都应该考虑购买 A。</blockquote></p><p></p>","source":"lsy1601382232898","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>Berkshire Hathaway Class A Shares Have Become More Actively Traded. Why That’s Important<blockquote>伯克希尔哈撒韦公司 A 类股票的交易变得更加活跃。为什么这很重要</blockquote></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\">\nBerkshire Hathaway Class A Shares Have Become More Actively Traded. Why That’s Important<blockquote>伯克希尔哈撒韦公司 A 类股票的交易变得更加活跃。为什么这很重要</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-09 11:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(March&nbsp;9)&nbsp;Berkshire Hathaway’s Class A shares have had unusually high trading activity of late. And that could mean that an investor is accumulating the high-vote stock, whose dominant holder is CEO Warren Buffett.</p><p><blockquote>(3月9日）伯克希尔-哈撒韦公司（Berkshire Hathaway）的A类股票最近异常活跃。这可能意味着投资者正在积累高投票权股票，其主要持有人是首席执行官沃伦·巴菲特。</blockquote></p><p>The Class A shares (ticker BRK.A) normally trade on light volume, reflecting their high price—the stock finished Friday at $381,600—and a preference among institutional and retail investors for the more liquid Class B shares (BRK.B), which ended Friday at $253.15. The Class B stock is in the S&amp;P 500 index.</p><p><blockquote>A 类股（股票代码 BRK.A）通常交易量较小，这反映了其高价（该股周五收盘价为 381,600 美元）以及机构和散户投资者对流动性更强的 B 类股 (BRK.B) 的偏好，周五收盘价为 253.15 美元。B类股票属于标普500指数。</blockquote></p><p>In recent weeks, however, trading in the Class A shares has been elevated at an average of more than 2,000 shares a day—and 2,500 a day in past five sessions—against an average of fewer than 500 shares daily in 2020. The difference translates into about $800 million of additional daily trades in the Class A stock. Trading activity in the Class B shares, meanwhile, has not been elevated—an average of about five million shares a day in the past month, against six million in the last 12 months.</p><p><blockquote>然而，最近几周，A 类股的交易量平均每天超过 2,000 股，过去五个交易日平均每天 2,500 股，而 2020 年平均每天不到 500 股。这一差异意味着 A 类股票每日额外交易额约为 8 亿美元。与此同时，B类股的交易活动并没有增加——过去一个月平均每天约500万股，而过去12个月为600万股。</blockquote></p><p>Berkshire shares have bested the S&amp;P 500 this year with the Class A stock up 9.7% through Friday, against a 2.5% rise in the index after trailing the index by a total of over 40 percentage points in 2019 and 2020. Wall Street has warmed to Berkshire thanks to its relatively low valuation versus book value and as a reopening play given its many economically sensitive businesses.</p><p><blockquote>伯克希尔股票今年跑赢了标普500，截至周五，A类股票上涨了9.7%，而在2019年和2020年总共落后该指数40多个百分点后，该指数上涨了2.5%。由于伯克希尔的估值相对于账面价值相对较低，并且考虑到其许多经济敏感业务，华尔街对伯克希尔产生了兴趣。</blockquote></p><p>The shares continued their recent rally on Monday, with the Class A shares up 1.6%, to a near record of $387,840, and the Class B stock 1.4% higher, at $256.65.</p><p><blockquote>周一，该股延续了近期的涨势，A 类股上涨 1.6%，至接近历史新高的 387,840 美元，B 类股上涨 1.4%，至 256.65 美元。</blockquote></p><p>Investors will probably have to wait until mid-May, when institutional holders file their March 31 equity investments, for the identity of the possible buyer of the Class A stock to be known, unless the purchaser gets to a 5% stake, which would trigger a quicker regulatory filing.</p><p><blockquote>投资者可能要等到 5 月中旬，即机构持有人提交 3 月 31 日的股权投资时，才能知道 A 类股票可能买家的身份，除非买家获得 5% 的股份，这将触发更快的监管备案。</blockquote></p><p>WSJ&nbsp;Jobs&nbsp;Summmit&nbsp;|&nbsp;Succeed&nbsp;in&nbsp;the&nbsp;Search&nbsp;|&nbsp;March&nbsp;4</p><p><blockquote>《华尔街日报》招聘峰会 | 成功求职 | 3月4日</blockquote></p><p>Berkshire’s Class B stock is equal to 1/1500 of a share of the Class A shares, but it carries just 1/10,000 of the vote.</p><p><blockquote>伯克希尔的 B 类股票相当于 A 类股票的 1/1500，但其投票权仅为 1/10,000。</blockquote></p><p>This has helped Buffett maintain control of the company as his economic interest declines because of his large annual gifts of Berkshire stock to the Bill &amp; Melinda Gates Foundation and other charitable organizations over the past 15 years. Buffett gave way $2.9 billion to the various foundations last year. The Class A is the original Berkshire stock, while the Class B was created in 1996.</p><p><blockquote>这有助于巴菲特在经济利益下降时保持对公司的控制，因为他在过去15年中每年都会向比尔及梅琳达·盖茨基金会和其他慈善组织捐赠大量伯克希尔股票。巴菲特去年向各个基金会捐赠了 29 亿美元。A 类是最初的伯克希尔股票，而 B 类是在 1996 年创建的。</blockquote></p><p>Buffett holds 248,734 Class A shares, a 16% economic interest in the company, but roughly 30% of the vote. Buffett owns 39% of the Class A stock. Around 40% of Berkshire’s stock is held in the Class A shares, with the rest in the Class B. Berkshire’s market value is around $580 billion.</p><p><blockquote>巴菲特持有 248,734 股 A 类股票，占该公司 16% 的经济权益，但拥有大约 30% 的投票权。巴菲特拥有 39% 的 A 类股票。伯克希尔约 40% 的股票为 A 类股，其余为 B 类股。</blockquote></p><p>It is notable that when Buffett gives away stock annually, he converts his Class A stock to Class B stock. The Class B stock is more liquid than the A, simplifying subsequent sales by the Gates foundation and others. But in converting the A shares, Buffett ensures that other investors won’t get their hands on the supervoting shares.</p><p><blockquote>值得注意的是，当巴菲特每年赠送股票时，他将自己的A类股票转换为B类股票。B类股票比A类股票更具流动性，简化了盖茨基金会和其他人的后续销售。但在转换 A 股时，巴菲特确保其他投资者不会获得超级投票权股票。</blockquote></p><p>That could be important in the post-Buffett era, because it means whoever is overseeing his estate should have a sizable voting interest in Berkshire. Buffett has said that his Berkshire stake would be given away in the 12 years after his death.</p><p><blockquote>这在后巴菲特时代可能很重要，因为这意味着无论谁监管他的遗产，都应该在伯克希尔拥有相当大的投票权。巴菲特曾表示，他在伯克希尔的股份将在他去世后的 12 年内被赠送。</blockquote></p><p>Berkshire could face pressure from activists after Buffett’s death to break up the company, something that the CEO opposes. Buffett has said that he doubts any breakup will occur because sufficient stock is likely to be in friendly hands after his death.</p><p><blockquote>巴菲特去世后，伯克希尔可能会面临激进分子要求解散公司的压力，而这位首席执行官对此表示反对。巴菲特曾表示，他怀疑是否会发生任何分手，因为在他去世后，足够的股票可能会掌握在友好手中。</blockquote></p><p>The Class A stock can be converted into 1,500 shares of the Class B stock, but not the other way around. As a result, the Class A stock can trade at a premium to the Class B. With the recent buying activity in the A stock, it ended Friday at a roughly 0.5% premium to the B shares, against virtual parity at year-end 2020.</p><p><blockquote>A类股票可以转换为1,500股B类股票，但不能相反。因此，A 类股票的交易价格可能高于 B 类股票。由于 A 股最近的买盘活动，周五收盘时，A 股较 B 股溢价约 0.5%，而 2020 年底的实际平价为 0.5%。</blockquote></p><p>There are few sizable holders of the Class A stock besides Buffett. Fidelity parent FMR is the only other owner of more than 5%. Much of the Fidelity stake is held by Fidelity Contrafund (FCNTX), whose manager, Will Danoff, is a longtime Berkshire fan and holder.</p><p><blockquote>除了巴菲特之外，很少有A类股票的重要持有者。富达母公司 FMR 是唯一持股超过 5% 的其他所有者。富达的大部分股份由富达对冲基金 (FCNTX) 持有，其经理威尔·达诺夫 (Will Danoff) 是伯克希尔的长期粉丝和持有者。</blockquote></p><p>Buffett discussed the Class A and Class B stock in a 1999 memo to Berkshire holders that was last updated in 2010.</p><p><blockquote>巴菲特在 1999 年向伯克希尔股东发出的一份备忘录中讨论了 A 类股票和 B 类股票，该备忘录最后一次更新是在 2010 年。</blockquote></p><p>Here’s what Buffett wrote:</p><p><blockquote>巴菲特是这样写的：</blockquote></p><p></p><p>When there is more demand for the B (relative to supply) than for the A, the B will sell at roughly 1/1,500th of the price of A. When there’s a lesser demand, it will fall to a discount. In my opinion, most of the time, the demand for the B will be such that it will trade at about 1/1,500th of the price of the A.However, from time to time, a different supply-demand situation will prevail and the B will sell at some discount. In my opinion, again, when the B is at a discount of more than say, 1%, it offers a better buy than the A. When the two are at parity, however, anyone wishing to buy 1,500 or more B should consider buying A instead.</p><p><blockquote>当 B 的需求量（相对于供应量）大于 A 时，B 的售价约为 A 价格的 1/1500 分之一。在我看来，大多数时候，对B的需求将是这样的，它将以大约A价格的1/1500分之一的价格交易价格。然而，有时会出现不同的供需情况，B会以一定的折扣出售。在我看来，同样，当 B 的折扣超过 1% 时，它比 A 更划算。然而，当两者处于平价时，任何希望购买 1,500 或更多 B 的人都应该考虑购买 A。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-has-seen-trading-activity-rise-in-its-class-a-stock-51615219961?mod=hp_LEADSUPP_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-has-seen-trading-activity-rise-in-its-class-a-stock-51615219961?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185392550","content_text":"(March 9) Berkshire Hathaway’s Class A shares have had unusually high trading activity of late. And that could mean that an investor is accumulating the high-vote stock, whose dominant holder is CEO Warren Buffett.The Class A shares (ticker BRK.A) normally trade on light volume, reflecting their high price—the stock finished Friday at $381,600—and a preference among institutional and retail investors for the more liquid Class B shares (BRK.B), which ended Friday at $253.15. The Class B stock is in the S&P 500 index.In recent weeks, however, trading in the Class A shares has been elevated at an average of more than 2,000 shares a day—and 2,500 a day in past five sessions—against an average of fewer than 500 shares daily in 2020. The difference translates into about $800 million of additional daily trades in the Class A stock. Trading activity in the Class B shares, meanwhile, has not been elevated—an average of about five million shares a day in the past month, against six million in the last 12 months.Berkshire shares have bested the S&P 500 this year with the Class A stock up 9.7% through Friday, against a 2.5% rise in the index after trailing the index by a total of over 40 percentage points in 2019 and 2020. Wall Street has warmed to Berkshire thanks to its relatively low valuation versus book value and as a reopening play given its many economically sensitive businesses.The shares continued their recent rally on Monday, with the Class A shares up 1.6%, to a near record of $387,840, and the Class B stock 1.4% higher, at $256.65.Investors will probably have to wait until mid-May, when institutional holders file their March 31 equity investments, for the identity of the possible buyer of the Class A stock to be known, unless the purchaser gets to a 5% stake, which would trigger a quicker regulatory filing.WSJ Jobs Summmit | Succeed in the Search | March 4Berkshire’s Class B stock is equal to 1/1500 of a share of the Class A shares, but it carries just 1/10,000 of the vote.This has helped Buffett maintain control of the company as his economic interest declines because of his large annual gifts of Berkshire stock to the Bill & Melinda Gates Foundation and other charitable organizations over the past 15 years. Buffett gave way $2.9 billion to the various foundations last year. The Class A is the original Berkshire stock, while the Class B was created in 1996.Buffett holds 248,734 Class A shares, a 16% economic interest in the company, but roughly 30% of the vote. Buffett owns 39% of the Class A stock. Around 40% of Berkshire’s stock is held in the Class A shares, with the rest in the Class B. Berkshire’s market value is around $580 billion.It is notable that when Buffett gives away stock annually, he converts his Class A stock to Class B stock. The Class B stock is more liquid than the A, simplifying subsequent sales by the Gates foundation and others. But in converting the A shares, Buffett ensures that other investors won’t get their hands on the supervoting shares.That could be important in the post-Buffett era, because it means whoever is overseeing his estate should have a sizable voting interest in Berkshire. Buffett has said that his Berkshire stake would be given away in the 12 years after his death.Berkshire could face pressure from activists after Buffett’s death to break up the company, something that the CEO opposes. Buffett has said that he doubts any breakup will occur because sufficient stock is likely to be in friendly hands after his death.The Class A stock can be converted into 1,500 shares of the Class B stock, but not the other way around. As a result, the Class A stock can trade at a premium to the Class B. With the recent buying activity in the A stock, it ended Friday at a roughly 0.5% premium to the B shares, against virtual parity at year-end 2020.There are few sizable holders of the Class A stock besides Buffett. Fidelity parent FMR is the only other owner of more than 5%. Much of the Fidelity stake is held by Fidelity Contrafund (FCNTX), whose manager, Will Danoff, is a longtime Berkshire fan and holder.Buffett discussed the Class A and Class B stock in a 1999 memo to Berkshire holders that was last updated in 2010.Here’s what Buffett wrote:When there is more demand for the B (relative to supply) than for the A, the B will sell at roughly 1/1,500th of the price of A. When there’s a lesser demand, it will fall to a discount. In my opinion, most of the time, the demand for the B will be such that it will trade at about 1/1,500th of the price of the A.However, from time to time, a different supply-demand situation will prevail and the B will sell at some discount. In my opinion, again, when the B is at a discount of more than say, 1%, it offers a better buy than the A. When the two are at parity, however, anyone wishing to buy 1,500 or more B should consider buying A instead.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329571040,"gmtCreate":1615263738180,"gmtModify":1703486444672,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329571040","repostId":"1143436063","repostType":4,"isVote":1,"tweetType":1,"viewCount":2418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329573671,"gmtCreate":1615263712093,"gmtModify":1703486444499,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329573671","repostId":"1143436063","repostType":4,"isVote":1,"tweetType":1,"viewCount":1133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329573072,"gmtCreate":1615263681396,"gmtModify":1703486443984,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329573072","repostId":"1143436063","repostType":4,"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320761332,"gmtCreate":1615178592126,"gmtModify":1703485254562,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320761332","repostId":"2117651365","repostType":4,"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320763513,"gmtCreate":1615178546732,"gmtModify":1703485254389,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320763513","repostId":"2117651365","repostType":4,"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":127278763,"gmtCreate":1624853847352,"gmtModify":1633947919495,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","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://laohu8.com/post/127278763","repostId":"1161283536","repostType":4,"repost":{"id":"1161283536","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624850034,"share":"https://www.laohunote.com/m/news/1161283536?lang=zh_CN&edition=full","pubTime":"2021-06-28 11:13","market":"hk","language":"en","title":"The Hong Kong Stock Exchange will resume trading at 1:30 p.m., as the rainstorm signal changes.<blockquote>随着暴雨信号的变化，香港联交所将于下午1点30分恢复交易。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161283536","media":"Tiger Newspress","summary":"Hong Kong stocks will resume trading Monday afternoon, after the city’s weather observatory lowered ","content":"<p>Hong Kong stocks will resume trading Monday afternoon, after the city’s weather observatory lowered its rainstorm warning that had earlier prompted the cancellation of the morning session.</p><p><blockquote>香港股市将于周一下午恢复交易，此前香港气象台降低了早些时候导致早盘交易取消的暴雨警告。</blockquote></p><p> The Hong Kong Observatory lowered the rainstorm warning to red from black shortly after 11 a.m. local time, meaning stock trading will begin at 1:30 p.m. in accordance with Hong Kong Exchanges and Clearing Ltd.’s rules. The bourse operator had earlier canceled morning trading of bothsecuritiesand derivatives markets, including Stock Connect due to the black rain warning.</p><p><blockquote>当地时间上午 11 点过后不久，香港天文台将暴雨警告从黑色降至红色，这意味着根据香港交易及结算所有限公司的规定，股票交易将于下午 1:30 开始。由于黑雨警告，交易所运营商早些时候取消了证券和衍生品市场的早盘交易，包括Stock Connect。</blockquote></p><p> Earlier the city’s education bureau suspended classes across Hong Kong due to the severe weather conditions. The government will resume vaccination after lowering the rainstorm warning.</p><p><blockquote>早些时候，由于恶劣的天气条件，该市教育局在全港停课。政府将在降低暴雨警告后恢复疫苗接种。</blockquote></p><p> Morning trading in the city was lastcanceledin October last year, when tropical storm Nangka prompted authorities to shutter businesses and close schools. Average dailyturnoverin Hong Kong this year stands at around HK$188 billion ($24.2 billion), according to data compiled by Bloomberg.</p><p><blockquote>该市上一次取消早盘交易是在去年 10 月，当时热带风暴浪卡促使当局关闭企业和学校。根据彭博社汇编的数据，今年香港的日均营业额约为 1,880 亿港元（242 亿美元）。</blockquote></p><p> When the market reopens in the afternoon, “there will still be plenty of time to digest weekend news and A-share movements,” said Steven Leung, executive director of UoB Kay Hian (Hong Kong) Ltd. “Markets have been relatively stable in both Hong Kong and A shares lately.”</p><p><blockquote>大华继显（香港）有限公司执行董事Steven Leung表示：”下午市场重新开盘时，“仍有充足时间消化周末新闻和A股走势。“近期香港和A股市场都相对稳定”。</blockquote></p><p></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 Hong Kong Stock Exchange will resume trading at 1:30 p.m., as the rainstorm signal changes.<blockquote>随着暴雨信号的变化，香港联交所将于下午1点30分恢复交易。</blockquote></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 Hong Kong Stock Exchange will resume trading at 1:30 p.m., as the rainstorm signal changes.<blockquote>随着暴雨信号的变化，香港联交所将于下午1点30分恢复交易。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-28 11:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hong Kong stocks will resume trading Monday afternoon, after the city’s weather observatory lowered its rainstorm warning that had earlier prompted the cancellation of the morning session.</p><p><blockquote>香港股市将于周一下午恢复交易，此前香港气象台降低了早些时候导致早盘交易取消的暴雨警告。</blockquote></p><p> The Hong Kong Observatory lowered the rainstorm warning to red from black shortly after 11 a.m. local time, meaning stock trading will begin at 1:30 p.m. in accordance with Hong Kong Exchanges and Clearing Ltd.’s rules. The bourse operator had earlier canceled morning trading of bothsecuritiesand derivatives markets, including Stock Connect due to the black rain warning.</p><p><blockquote>当地时间上午 11 点过后不久，香港天文台将暴雨警告从黑色降至红色，这意味着根据香港交易及结算所有限公司的规定，股票交易将于下午 1:30 开始。由于黑雨警告，交易所运营商早些时候取消了证券和衍生品市场的早盘交易，包括Stock Connect。</blockquote></p><p> Earlier the city’s education bureau suspended classes across Hong Kong due to the severe weather conditions. The government will resume vaccination after lowering the rainstorm warning.</p><p><blockquote>早些时候，由于恶劣的天气条件，该市教育局在全港停课。政府将在降低暴雨警告后恢复疫苗接种。</blockquote></p><p> Morning trading in the city was lastcanceledin October last year, when tropical storm Nangka prompted authorities to shutter businesses and close schools. Average dailyturnoverin Hong Kong this year stands at around HK$188 billion ($24.2 billion), according to data compiled by Bloomberg.</p><p><blockquote>该市上一次取消早盘交易是在去年 10 月，当时热带风暴浪卡促使当局关闭企业和学校。根据彭博社汇编的数据，今年香港的日均营业额约为 1,880 亿港元（242 亿美元）。</blockquote></p><p> When the market reopens in the afternoon, “there will still be plenty of time to digest weekend news and A-share movements,” said Steven Leung, executive director of UoB Kay Hian (Hong Kong) Ltd. “Markets have been relatively stable in both Hong Kong and A shares lately.”</p><p><blockquote>大华继显（香港）有限公司执行董事Steven Leung表示：”下午市场重新开盘时，“仍有充足时间消化周末新闻和A股走势。“近期香港和A股市场都相对稳定”。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161283536","content_text":"Hong Kong stocks will resume trading Monday afternoon, after the city’s weather observatory lowered its rainstorm warning that had earlier prompted the cancellation of the morning session.\nThe Hong Kong Observatory lowered the rainstorm warning to red from black shortly after 11 a.m. local time, meaning stock trading will begin at 1:30 p.m. in accordance with Hong Kong Exchanges and Clearing Ltd.’s rules. The bourse operator had earlier canceled morning trading of bothsecuritiesand derivatives markets, including Stock Connect due to the black rain warning.\nEarlier the city’s education bureau suspended classes across Hong Kong due to the severe weather conditions. The government will resume vaccination after lowering the rainstorm warning.\nMorning trading in the city was lastcanceledin October last year, when tropical storm Nangka prompted authorities to shutter businesses and close schools. Average dailyturnoverin Hong Kong this year stands at around HK$188 billion ($24.2 billion), according to data compiled by Bloomberg.\nWhen the market reopens in the afternoon, “there will still be plenty of time to digest weekend news and A-share movements,” said Steven Leung, executive director of UoB Kay Hian (Hong Kong) Ltd. “Markets have been relatively stable in both Hong Kong and A shares lately.”","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":1547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":345134204,"gmtCreate":1618286035408,"gmtModify":1634293938198,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345134204","repostId":"1101127164","repostType":4,"isVote":1,"tweetType":1,"viewCount":1054,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326368225,"gmtCreate":1615595944767,"gmtModify":1703491372650,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/326368225","repostId":"1114441743","repostType":4,"isVote":1,"tweetType":1,"viewCount":1244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150205373,"gmtCreate":1624900467292,"gmtModify":1633947233861,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"[得意]&nbsp;","listText":"[得意]&nbsp;","text":"[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150205373","repostId":"2146836375","repostType":4,"isVote":1,"tweetType":1,"viewCount":1680,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":167990570,"gmtCreate":1624241475390,"gmtModify":1634009036361,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167990570","repostId":"1110026756","repostType":4,"isVote":1,"tweetType":1,"viewCount":1681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":329573072,"gmtCreate":1615263681396,"gmtModify":1703486443984,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329573072","repostId":"1143436063","repostType":4,"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121218063,"gmtCreate":1624465119452,"gmtModify":1634005688406,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121218063","repostId":"1166274187","repostType":4,"isVote":1,"tweetType":1,"viewCount":846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160445776,"gmtCreate":1623805335495,"gmtModify":1634027924088,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160445776","repostId":"2143680537","repostType":4,"isVote":1,"tweetType":1,"viewCount":1169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329576948,"gmtCreate":1615263845784,"gmtModify":1703486448111,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329576948","repostId":"1185392550","repostType":4,"repost":{"id":"1185392550","kind":"news","pubTimestamp":1615260305,"share":"https://www.laohunote.com/m/news/1185392550?lang=zh_CN&edition=full","pubTime":"2021-03-09 11:25","market":"us","language":"en","title":"Berkshire Hathaway Class A Shares Have Become More Actively Traded. Why That’s Important<blockquote>伯克希尔哈撒韦公司 A 类股票的交易变得更加活跃。为什么这很重要</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185392550","media":"Barrons","summary":"(March 9) Berkshire Hathaway’s Class A shares have had unusually high trading activity of late. And ","content":"<p>(March&nbsp;9)&nbsp;Berkshire Hathaway’s Class A shares have had unusually high trading activity of late. And that could mean that an investor is accumulating the high-vote stock, whose dominant holder is CEO Warren Buffett.</p><p><blockquote>(3月9日）伯克希尔-哈撒韦公司（Berkshire Hathaway）的A类股票最近异常活跃。这可能意味着投资者正在积累高投票权股票，其主要持有人是首席执行官沃伦·巴菲特。</blockquote></p><p>The Class A shares (ticker BRK.A) normally trade on light volume, reflecting their high price—the stock finished Friday at $381,600—and a preference among institutional and retail investors for the more liquid Class B shares (BRK.B), which ended Friday at $253.15. The Class B stock is in the S&amp;P 500 index.</p><p><blockquote>A 类股（股票代码 BRK.A）通常交易量较小，这反映了其高价（该股周五收盘价为 381,600 美元）以及机构和散户投资者对流动性更强的 B 类股 (BRK.B) 的偏好，周五收盘价为 253.15 美元。B类股票属于标普500指数。</blockquote></p><p>In recent weeks, however, trading in the Class A shares has been elevated at an average of more than 2,000 shares a day—and 2,500 a day in past five sessions—against an average of fewer than 500 shares daily in 2020. The difference translates into about $800 million of additional daily trades in the Class A stock. Trading activity in the Class B shares, meanwhile, has not been elevated—an average of about five million shares a day in the past month, against six million in the last 12 months.</p><p><blockquote>然而，最近几周，A 类股的交易量平均每天超过 2,000 股，过去五个交易日平均每天 2,500 股，而 2020 年平均每天不到 500 股。这一差异意味着 A 类股票每日额外交易额约为 8 亿美元。与此同时，B类股的交易活动并没有增加——过去一个月平均每天约500万股，而过去12个月为600万股。</blockquote></p><p>Berkshire shares have bested the S&amp;P 500 this year with the Class A stock up 9.7% through Friday, against a 2.5% rise in the index after trailing the index by a total of over 40 percentage points in 2019 and 2020. Wall Street has warmed to Berkshire thanks to its relatively low valuation versus book value and as a reopening play given its many economically sensitive businesses.</p><p><blockquote>伯克希尔股票今年跑赢了标普500，截至周五，A类股票上涨了9.7%，而在2019年和2020年总共落后该指数40多个百分点后，该指数上涨了2.5%。由于伯克希尔的估值相对于账面价值相对较低，并且考虑到其许多经济敏感业务，华尔街对伯克希尔产生了兴趣。</blockquote></p><p>The shares continued their recent rally on Monday, with the Class A shares up 1.6%, to a near record of $387,840, and the Class B stock 1.4% higher, at $256.65.</p><p><blockquote>周一，该股延续了近期的涨势，A 类股上涨 1.6%，至接近历史新高的 387,840 美元，B 类股上涨 1.4%，至 256.65 美元。</blockquote></p><p>Investors will probably have to wait until mid-May, when institutional holders file their March 31 equity investments, for the identity of the possible buyer of the Class A stock to be known, unless the purchaser gets to a 5% stake, which would trigger a quicker regulatory filing.</p><p><blockquote>投资者可能要等到 5 月中旬，即机构持有人提交 3 月 31 日的股权投资时，才能知道 A 类股票可能买家的身份，除非买家获得 5% 的股份，这将触发更快的监管备案。</blockquote></p><p>WSJ&nbsp;Jobs&nbsp;Summmit&nbsp;|&nbsp;Succeed&nbsp;in&nbsp;the&nbsp;Search&nbsp;|&nbsp;March&nbsp;4</p><p><blockquote>《华尔街日报》招聘峰会 | 成功求职 | 3月4日</blockquote></p><p>Berkshire’s Class B stock is equal to 1/1500 of a share of the Class A shares, but it carries just 1/10,000 of the vote.</p><p><blockquote>伯克希尔的 B 类股票相当于 A 类股票的 1/1500，但其投票权仅为 1/10,000。</blockquote></p><p>This has helped Buffett maintain control of the company as his economic interest declines because of his large annual gifts of Berkshire stock to the Bill &amp; Melinda Gates Foundation and other charitable organizations over the past 15 years. Buffett gave way $2.9 billion to the various foundations last year. The Class A is the original Berkshire stock, while the Class B was created in 1996.</p><p><blockquote>这有助于巴菲特在经济利益下降时保持对公司的控制，因为他在过去15年中每年都会向比尔及梅琳达·盖茨基金会和其他慈善组织捐赠大量伯克希尔股票。巴菲特去年向各个基金会捐赠了 29 亿美元。A 类是最初的伯克希尔股票，而 B 类是在 1996 年创建的。</blockquote></p><p>Buffett holds 248,734 Class A shares, a 16% economic interest in the company, but roughly 30% of the vote. Buffett owns 39% of the Class A stock. Around 40% of Berkshire’s stock is held in the Class A shares, with the rest in the Class B. Berkshire’s market value is around $580 billion.</p><p><blockquote>巴菲特持有 248,734 股 A 类股票，占该公司 16% 的经济权益，但拥有大约 30% 的投票权。巴菲特拥有 39% 的 A 类股票。伯克希尔约 40% 的股票为 A 类股，其余为 B 类股。</blockquote></p><p>It is notable that when Buffett gives away stock annually, he converts his Class A stock to Class B stock. The Class B stock is more liquid than the A, simplifying subsequent sales by the Gates foundation and others. But in converting the A shares, Buffett ensures that other investors won’t get their hands on the supervoting shares.</p><p><blockquote>值得注意的是，当巴菲特每年赠送股票时，他将自己的A类股票转换为B类股票。B类股票比A类股票更具流动性，简化了盖茨基金会和其他人的后续销售。但在转换 A 股时，巴菲特确保其他投资者不会获得超级投票权股票。</blockquote></p><p>That could be important in the post-Buffett era, because it means whoever is overseeing his estate should have a sizable voting interest in Berkshire. Buffett has said that his Berkshire stake would be given away in the 12 years after his death.</p><p><blockquote>这在后巴菲特时代可能很重要，因为这意味着无论谁监管他的遗产，都应该在伯克希尔拥有相当大的投票权。巴菲特曾表示，他在伯克希尔的股份将在他去世后的 12 年内被赠送。</blockquote></p><p>Berkshire could face pressure from activists after Buffett’s death to break up the company, something that the CEO opposes. Buffett has said that he doubts any breakup will occur because sufficient stock is likely to be in friendly hands after his death.</p><p><blockquote>巴菲特去世后，伯克希尔可能会面临激进分子要求解散公司的压力，而这位首席执行官对此表示反对。巴菲特曾表示，他怀疑是否会发生任何分手，因为在他去世后，足够的股票可能会掌握在友好手中。</blockquote></p><p>The Class A stock can be converted into 1,500 shares of the Class B stock, but not the other way around. As a result, the Class A stock can trade at a premium to the Class B. With the recent buying activity in the A stock, it ended Friday at a roughly 0.5% premium to the B shares, against virtual parity at year-end 2020.</p><p><blockquote>A类股票可以转换为1,500股B类股票，但不能相反。因此，A 类股票的交易价格可能高于 B 类股票。由于 A 股最近的买盘活动，周五收盘时，A 股较 B 股溢价约 0.5%，而 2020 年底的实际平价为 0.5%。</blockquote></p><p>There are few sizable holders of the Class A stock besides Buffett. Fidelity parent FMR is the only other owner of more than 5%. Much of the Fidelity stake is held by Fidelity Contrafund (FCNTX), whose manager, Will Danoff, is a longtime Berkshire fan and holder.</p><p><blockquote>除了巴菲特之外，很少有A类股票的重要持有者。富达母公司 FMR 是唯一持股超过 5% 的其他所有者。富达的大部分股份由富达对冲基金 (FCNTX) 持有，其经理威尔·达诺夫 (Will Danoff) 是伯克希尔的长期粉丝和持有者。</blockquote></p><p>Buffett discussed the Class A and Class B stock in a 1999 memo to Berkshire holders that was last updated in 2010.</p><p><blockquote>巴菲特在 1999 年向伯克希尔股东发出的一份备忘录中讨论了 A 类股票和 B 类股票，该备忘录最后一次更新是在 2010 年。</blockquote></p><p>Here’s what Buffett wrote:</p><p><blockquote>巴菲特是这样写的：</blockquote></p><p></p><p>When there is more demand for the B (relative to supply) than for the A, the B will sell at roughly 1/1,500th of the price of A. When there’s a lesser demand, it will fall to a discount. In my opinion, most of the time, the demand for the B will be such that it will trade at about 1/1,500th of the price of the A.However, from time to time, a different supply-demand situation will prevail and the B will sell at some discount. In my opinion, again, when the B is at a discount of more than say, 1%, it offers a better buy than the A. When the two are at parity, however, anyone wishing to buy 1,500 or more B should consider buying A instead.</p><p><blockquote>当 B 的需求量（相对于供应量）大于 A 时，B 的售价约为 A 价格的 1/1500 分之一。在我看来，大多数时候，对B的需求将是这样的，它将以大约A价格的1/1500分之一的价格交易价格。然而，有时会出现不同的供需情况，B会以一定的折扣出售。在我看来，同样，当 B 的折扣超过 1% 时，它比 A 更划算。然而，当两者处于平价时，任何希望购买 1,500 或更多 B 的人都应该考虑购买 A。</blockquote></p><p></p>","source":"lsy1601382232898","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>Berkshire Hathaway Class A Shares Have Become More Actively Traded. Why That’s Important<blockquote>伯克希尔哈撒韦公司 A 类股票的交易变得更加活跃。为什么这很重要</blockquote></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\">\nBerkshire Hathaway Class A Shares Have Become More Actively Traded. Why That’s Important<blockquote>伯克希尔哈撒韦公司 A 类股票的交易变得更加活跃。为什么这很重要</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-09 11:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(March&nbsp;9)&nbsp;Berkshire Hathaway’s Class A shares have had unusually high trading activity of late. And that could mean that an investor is accumulating the high-vote stock, whose dominant holder is CEO Warren Buffett.</p><p><blockquote>(3月9日）伯克希尔-哈撒韦公司（Berkshire Hathaway）的A类股票最近异常活跃。这可能意味着投资者正在积累高投票权股票，其主要持有人是首席执行官沃伦·巴菲特。</blockquote></p><p>The Class A shares (ticker BRK.A) normally trade on light volume, reflecting their high price—the stock finished Friday at $381,600—and a preference among institutional and retail investors for the more liquid Class B shares (BRK.B), which ended Friday at $253.15. The Class B stock is in the S&amp;P 500 index.</p><p><blockquote>A 类股（股票代码 BRK.A）通常交易量较小，这反映了其高价（该股周五收盘价为 381,600 美元）以及机构和散户投资者对流动性更强的 B 类股 (BRK.B) 的偏好，周五收盘价为 253.15 美元。B类股票属于标普500指数。</blockquote></p><p>In recent weeks, however, trading in the Class A shares has been elevated at an average of more than 2,000 shares a day—and 2,500 a day in past five sessions—against an average of fewer than 500 shares daily in 2020. The difference translates into about $800 million of additional daily trades in the Class A stock. Trading activity in the Class B shares, meanwhile, has not been elevated—an average of about five million shares a day in the past month, against six million in the last 12 months.</p><p><blockquote>然而，最近几周，A 类股的交易量平均每天超过 2,000 股，过去五个交易日平均每天 2,500 股，而 2020 年平均每天不到 500 股。这一差异意味着 A 类股票每日额外交易额约为 8 亿美元。与此同时，B类股的交易活动并没有增加——过去一个月平均每天约500万股，而过去12个月为600万股。</blockquote></p><p>Berkshire shares have bested the S&amp;P 500 this year with the Class A stock up 9.7% through Friday, against a 2.5% rise in the index after trailing the index by a total of over 40 percentage points in 2019 and 2020. Wall Street has warmed to Berkshire thanks to its relatively low valuation versus book value and as a reopening play given its many economically sensitive businesses.</p><p><blockquote>伯克希尔股票今年跑赢了标普500，截至周五，A类股票上涨了9.7%，而在2019年和2020年总共落后该指数40多个百分点后，该指数上涨了2.5%。由于伯克希尔的估值相对于账面价值相对较低，并且考虑到其许多经济敏感业务，华尔街对伯克希尔产生了兴趣。</blockquote></p><p>The shares continued their recent rally on Monday, with the Class A shares up 1.6%, to a near record of $387,840, and the Class B stock 1.4% higher, at $256.65.</p><p><blockquote>周一，该股延续了近期的涨势，A 类股上涨 1.6%，至接近历史新高的 387,840 美元，B 类股上涨 1.4%，至 256.65 美元。</blockquote></p><p>Investors will probably have to wait until mid-May, when institutional holders file their March 31 equity investments, for the identity of the possible buyer of the Class A stock to be known, unless the purchaser gets to a 5% stake, which would trigger a quicker regulatory filing.</p><p><blockquote>投资者可能要等到 5 月中旬，即机构持有人提交 3 月 31 日的股权投资时，才能知道 A 类股票可能买家的身份，除非买家获得 5% 的股份，这将触发更快的监管备案。</blockquote></p><p>WSJ&nbsp;Jobs&nbsp;Summmit&nbsp;|&nbsp;Succeed&nbsp;in&nbsp;the&nbsp;Search&nbsp;|&nbsp;March&nbsp;4</p><p><blockquote>《华尔街日报》招聘峰会 | 成功求职 | 3月4日</blockquote></p><p>Berkshire’s Class B stock is equal to 1/1500 of a share of the Class A shares, but it carries just 1/10,000 of the vote.</p><p><blockquote>伯克希尔的 B 类股票相当于 A 类股票的 1/1500，但其投票权仅为 1/10,000。</blockquote></p><p>This has helped Buffett maintain control of the company as his economic interest declines because of his large annual gifts of Berkshire stock to the Bill &amp; Melinda Gates Foundation and other charitable organizations over the past 15 years. Buffett gave way $2.9 billion to the various foundations last year. The Class A is the original Berkshire stock, while the Class B was created in 1996.</p><p><blockquote>这有助于巴菲特在经济利益下降时保持对公司的控制，因为他在过去15年中每年都会向比尔及梅琳达·盖茨基金会和其他慈善组织捐赠大量伯克希尔股票。巴菲特去年向各个基金会捐赠了 29 亿美元。A 类是最初的伯克希尔股票，而 B 类是在 1996 年创建的。</blockquote></p><p>Buffett holds 248,734 Class A shares, a 16% economic interest in the company, but roughly 30% of the vote. Buffett owns 39% of the Class A stock. Around 40% of Berkshire’s stock is held in the Class A shares, with the rest in the Class B. Berkshire’s market value is around $580 billion.</p><p><blockquote>巴菲特持有 248,734 股 A 类股票，占该公司 16% 的经济权益，但拥有大约 30% 的投票权。巴菲特拥有 39% 的 A 类股票。伯克希尔约 40% 的股票为 A 类股，其余为 B 类股。</blockquote></p><p>It is notable that when Buffett gives away stock annually, he converts his Class A stock to Class B stock. The Class B stock is more liquid than the A, simplifying subsequent sales by the Gates foundation and others. But in converting the A shares, Buffett ensures that other investors won’t get their hands on the supervoting shares.</p><p><blockquote>值得注意的是，当巴菲特每年赠送股票时，他将自己的A类股票转换为B类股票。B类股票比A类股票更具流动性，简化了盖茨基金会和其他人的后续销售。但在转换 A 股时，巴菲特确保其他投资者不会获得超级投票权股票。</blockquote></p><p>That could be important in the post-Buffett era, because it means whoever is overseeing his estate should have a sizable voting interest in Berkshire. Buffett has said that his Berkshire stake would be given away in the 12 years after his death.</p><p><blockquote>这在后巴菲特时代可能很重要，因为这意味着无论谁监管他的遗产，都应该在伯克希尔拥有相当大的投票权。巴菲特曾表示，他在伯克希尔的股份将在他去世后的 12 年内被赠送。</blockquote></p><p>Berkshire could face pressure from activists after Buffett’s death to break up the company, something that the CEO opposes. Buffett has said that he doubts any breakup will occur because sufficient stock is likely to be in friendly hands after his death.</p><p><blockquote>巴菲特去世后，伯克希尔可能会面临激进分子要求解散公司的压力，而这位首席执行官对此表示反对。巴菲特曾表示，他怀疑是否会发生任何分手，因为在他去世后，足够的股票可能会掌握在友好手中。</blockquote></p><p>The Class A stock can be converted into 1,500 shares of the Class B stock, but not the other way around. As a result, the Class A stock can trade at a premium to the Class B. With the recent buying activity in the A stock, it ended Friday at a roughly 0.5% premium to the B shares, against virtual parity at year-end 2020.</p><p><blockquote>A类股票可以转换为1,500股B类股票，但不能相反。因此，A 类股票的交易价格可能高于 B 类股票。由于 A 股最近的买盘活动，周五收盘时，A 股较 B 股溢价约 0.5%，而 2020 年底的实际平价为 0.5%。</blockquote></p><p>There are few sizable holders of the Class A stock besides Buffett. Fidelity parent FMR is the only other owner of more than 5%. Much of the Fidelity stake is held by Fidelity Contrafund (FCNTX), whose manager, Will Danoff, is a longtime Berkshire fan and holder.</p><p><blockquote>除了巴菲特之外，很少有A类股票的重要持有者。富达母公司 FMR 是唯一持股超过 5% 的其他所有者。富达的大部分股份由富达对冲基金 (FCNTX) 持有，其经理威尔·达诺夫 (Will Danoff) 是伯克希尔的长期粉丝和持有者。</blockquote></p><p>Buffett discussed the Class A and Class B stock in a 1999 memo to Berkshire holders that was last updated in 2010.</p><p><blockquote>巴菲特在 1999 年向伯克希尔股东发出的一份备忘录中讨论了 A 类股票和 B 类股票，该备忘录最后一次更新是在 2010 年。</blockquote></p><p>Here’s what Buffett wrote:</p><p><blockquote>巴菲特是这样写的：</blockquote></p><p></p><p>When there is more demand for the B (relative to supply) than for the A, the B will sell at roughly 1/1,500th of the price of A. When there’s a lesser demand, it will fall to a discount. In my opinion, most of the time, the demand for the B will be such that it will trade at about 1/1,500th of the price of the A.However, from time to time, a different supply-demand situation will prevail and the B will sell at some discount. In my opinion, again, when the B is at a discount of more than say, 1%, it offers a better buy than the A. When the two are at parity, however, anyone wishing to buy 1,500 or more B should consider buying A instead.</p><p><blockquote>当 B 的需求量（相对于供应量）大于 A 时，B 的售价约为 A 价格的 1/1500 分之一。在我看来，大多数时候，对B的需求将是这样的，它将以大约A价格的1/1500分之一的价格交易价格。然而，有时会出现不同的供需情况，B会以一定的折扣出售。在我看来，同样，当 B 的折扣超过 1% 时，它比 A 更划算。然而，当两者处于平价时，任何希望购买 1,500 或更多 B 的人都应该考虑购买 A。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-has-seen-trading-activity-rise-in-its-class-a-stock-51615219961?mod=hp_LEADSUPP_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-has-seen-trading-activity-rise-in-its-class-a-stock-51615219961?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185392550","content_text":"(March 9) Berkshire Hathaway’s Class A shares have had unusually high trading activity of late. And that could mean that an investor is accumulating the high-vote stock, whose dominant holder is CEO Warren Buffett.The Class A shares (ticker BRK.A) normally trade on light volume, reflecting their high price—the stock finished Friday at $381,600—and a preference among institutional and retail investors for the more liquid Class B shares (BRK.B), which ended Friday at $253.15. The Class B stock is in the S&P 500 index.In recent weeks, however, trading in the Class A shares has been elevated at an average of more than 2,000 shares a day—and 2,500 a day in past five sessions—against an average of fewer than 500 shares daily in 2020. The difference translates into about $800 million of additional daily trades in the Class A stock. Trading activity in the Class B shares, meanwhile, has not been elevated—an average of about five million shares a day in the past month, against six million in the last 12 months.Berkshire shares have bested the S&P 500 this year with the Class A stock up 9.7% through Friday, against a 2.5% rise in the index after trailing the index by a total of over 40 percentage points in 2019 and 2020. Wall Street has warmed to Berkshire thanks to its relatively low valuation versus book value and as a reopening play given its many economically sensitive businesses.The shares continued their recent rally on Monday, with the Class A shares up 1.6%, to a near record of $387,840, and the Class B stock 1.4% higher, at $256.65.Investors will probably have to wait until mid-May, when institutional holders file their March 31 equity investments, for the identity of the possible buyer of the Class A stock to be known, unless the purchaser gets to a 5% stake, which would trigger a quicker regulatory filing.WSJ Jobs Summmit | Succeed in the Search | March 4Berkshire’s Class B stock is equal to 1/1500 of a share of the Class A shares, but it carries just 1/10,000 of the vote.This has helped Buffett maintain control of the company as his economic interest declines because of his large annual gifts of Berkshire stock to the Bill & Melinda Gates Foundation and other charitable organizations over the past 15 years. Buffett gave way $2.9 billion to the various foundations last year. The Class A is the original Berkshire stock, while the Class B was created in 1996.Buffett holds 248,734 Class A shares, a 16% economic interest in the company, but roughly 30% of the vote. Buffett owns 39% of the Class A stock. Around 40% of Berkshire’s stock is held in the Class A shares, with the rest in the Class B. Berkshire’s market value is around $580 billion.It is notable that when Buffett gives away stock annually, he converts his Class A stock to Class B stock. The Class B stock is more liquid than the A, simplifying subsequent sales by the Gates foundation and others. But in converting the A shares, Buffett ensures that other investors won’t get their hands on the supervoting shares.That could be important in the post-Buffett era, because it means whoever is overseeing his estate should have a sizable voting interest in Berkshire. Buffett has said that his Berkshire stake would be given away in the 12 years after his death.Berkshire could face pressure from activists after Buffett’s death to break up the company, something that the CEO opposes. Buffett has said that he doubts any breakup will occur because sufficient stock is likely to be in friendly hands after his death.The Class A stock can be converted into 1,500 shares of the Class B stock, but not the other way around. As a result, the Class A stock can trade at a premium to the Class B. With the recent buying activity in the A stock, it ended Friday at a roughly 0.5% premium to the B shares, against virtual parity at year-end 2020.There are few sizable holders of the Class A stock besides Buffett. Fidelity parent FMR is the only other owner of more than 5%. Much of the Fidelity stake is held by Fidelity Contrafund (FCNTX), whose manager, Will Danoff, is a longtime Berkshire fan and holder.Buffett discussed the Class A and Class B stock in a 1999 memo to Berkshire holders that was last updated in 2010.Here’s what Buffett wrote:When there is more demand for the B (relative to supply) than for the A, the B will sell at roughly 1/1,500th of the price of A. When there’s a lesser demand, it will fall to a discount. In my opinion, most of the time, the demand for the B will be such that it will trade at about 1/1,500th of the price of the A.However, from time to time, a different supply-demand situation will prevail and the B will sell at some discount. In my opinion, again, when the B is at a discount of more than say, 1%, it offers a better buy than the A. When the two are at parity, however, anyone wishing to buy 1,500 or more B should consider buying A instead.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1710,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329571040,"gmtCreate":1615263738180,"gmtModify":1703486444672,"author":{"id":"3558558240660669","authorId":"3558558240660669","name":"tokming","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558558240660669","idStr":"3558558240660669"},"themes":[],"title":"","htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329571040","repostId":"1143436063","repostType":4,"isVote":1,"tweetType":1,"viewCount":2418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}