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elsieeeooo
elsieeeooo
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2021-11-28
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elsieeeooo
elsieeeooo
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2021-05-31
Anxiously waiting
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elsieeeooo
elsieeeooo
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2021-05-25
Not yet
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elsieeeooo
elsieeeooo
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2021-05-12
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elsieeeooo
elsieeeooo
·
2021-05-07
Rip
Yale's chief investment manager David Swensen dies at 67<blockquote>耶鲁大学首席投资经理大卫·斯文森去世，享年67岁</blockquote>
David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage th
Yale's chief investment manager David Swensen dies at 67<blockquote>耶鲁大学首席投资经理大卫·斯文森去世，享年67岁</blockquote>
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elsieeeooo
elsieeeooo
·
2021-04-14
Cool
ByteDance to go public in Hong Kong:source<blockquote>字节跳动将赴港上市：来源</blockquote>
ByteDance,the Chinese parent of hit video app TikTok,submitted the letter of appointment to the HKEx
ByteDance to go public in Hong Kong:source<blockquote>字节跳动将赴港上市：来源</blockquote>
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elsieeeooo
elsieeeooo
·
2021-04-09
Cool
Asia: Markets mostly down but optimism remains<blockquote>亚洲：市场大多下跌但乐观情绪依然存在</blockquote>
[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of
Asia: Markets mostly down but optimism remains<blockquote>亚洲：市场大多下跌但乐观情绪依然存在</blockquote>
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elsieeeooo
elsieeeooo
·
2021-04-09
[财迷]
Asia: Markets mostly down but optimism remains<blockquote>亚洲：市场大多下跌但乐观情绪依然存在</blockquote>
[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of
Asia: Markets mostly down but optimism remains<blockquote>亚洲：市场大多下跌但乐观情绪依然存在</blockquote>
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elsieeeooo
elsieeeooo
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2021-04-06
[强]
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elsieeeooo
elsieeeooo
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2021-04-06
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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":1620309854,"share":"https://www.laohu8.com/m/news/1188985089?lang=zh_CN&edition=full","pubTime":"2021-05-06 22:04","market":"other","language":"en","title":"Yale's chief investment manager David Swensen dies at 67<blockquote>耶鲁大学首席投资经理大卫·斯文森去世，享年67岁</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188985089","media":"Tiger Newspress","summary":"David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage th","content":"<p>David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money, has died from cancer aged 67.</p><p><blockquote>耶鲁大学捐赠基金负责人大卫·斯文森(David Swensen)因癌症去世，享年67岁，他帮助重塑了机构管理资金的方式。</blockquote></p><p>After stints at Salomon Brothers and Lehman Brothers, Swensen returned to his alma mater in 1985 to lead its investment office. At the time, endowments were typically conservatively managed, but Swensen overhauled the model dramatically, taking advantage of their long-term focus to invest heavily in the nascent private equity and hedge fund industries.</p><p><blockquote>在所罗门兄弟和雷曼兄弟工作后，斯文森于1985年回到母校领导其投资办公室。当时，捐赠基金的管理通常是保守的，但斯文森大幅改革了这一模式，利用其长期关注的优势，大力投资新兴的私募股权和对冲基金行业。</blockquote></p><p>His approach was so successful it revolutionised how endowments and many other institutional investors allocate their money, and the “Yale model” spread and helped change the wider investment industry.</p><p><blockquote>他的方法非常成功，彻底改变了捐赠基金和许多其他机构投资者分配资金的方式，“耶鲁模式”传播开来，并帮助改变了更广泛的投资行业。</blockquote></p><p>“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Peter Salovey, Yale’s president, said in a statement. “A natural teacher, he prepared a generation of institutional investors who have gone on to lead investment offices at other colleges and universities, further extending the scope of David’s influence.”</p><p><blockquote>耶鲁大学校长彼得·萨洛维在一份声明中表示：“在他的指导下，耶鲁大学的捐赠基金产生了回报，使他成为机构投资者中的传奇人物。”“作为一名天生的老师，他培养了一代机构投资者，他们后来领导了其他学院和大学的投资办公室，进一步扩大了大卫的影响范围。”</blockquote></p><p>The Yale Investments Office managed $31.2bn as of June 2020, and says it has averaged annual returns of 12. 4 per cent a year over the past three decades. In the 2021 fiscal year its contributions accounted for over a third of the university’s overall revenues.</p><p><blockquote>截至2020年6月，耶鲁投资办公室管理着312亿美元的资产，并表示在过去30年里，该办公室的平均年回报率为12.在2021财年，它的贡献占该大学总收入的三分之一以上。</blockquote></p><p>Almost a quarter of the endowment is invested in venture capital, and combined with private equity, hedge funds and real estate, so-called “alternative” investments account for nearly three quarters of its assets.</p><p><blockquote>几乎四分之一的捐赠基金投资于风险投资，加上私募股权、对冲基金和房地产，所谓的“另类”投资占其资产的近四分之三。</blockquote></p><p><b>Early life and education</b></p><p><blockquote><b>早期生活和教育</b></blockquote></p><p>David F. Swensen was born inRiver Falls, Wisconsin. His father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. His mother, Grace, after raising six children, became a Lutheran minister. After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive hisB.A.andB.S.in 1975 from theUniversity of Wisconsin-River Fallswhere his father Richard Swensen was a professor. Swensen pursued a PhD ineconomicsat Yale, where he wrote hisdissertation,<i>A Model for the Valuation ofCorporate Bonds.</i>One of Swensen's dissertation advisers at Yale wasJames Tobin, a top economic adviser toJohn F. Kennedyadministration and a future Nobel Prize laureate in economics. According to Charles Ellis, founder of Greenwich Associates and former chair of Yale's investment committee, \"When it snowed, David went to Jim's house to shovel the sidewalk\". James Tobin's Nobel Prize, among other things, was for his contribution in creation of Modern Portfolio Theory. Swensen was fascinated by the idea of Modern Portfolio Theory. During his 2018 reunion speech Swensen said: \"For a given level of return, if you diversify you can get that return at lower risk. For a given level of risk, if you diversify you can get a higher return. That's pretty cool! Free lunch!\"</p><p><blockquote>大卫·F·斯文森出生于威斯康星州的里弗福尔斯。他的父亲理查德·斯文森是威斯康星大学里弗福尔斯分校的化学教授兼院长。他的母亲格蕾丝在抚养了六个孩子后，成为了一名路德教牧师。1971年从里弗福尔斯高中毕业后，斯文森选择留在他的家乡里弗福尔斯，并于1975年在威斯康星大学里弗福尔斯分校获得学士学位和学士学位，他的父亲理查德·斯文森是该校的教授。斯文森在耶鲁大学攻读经济学博士学位，<i>公司债券估值模型。</i>斯文森在耶鲁大学的论文导师之一是詹姆斯·托宾，他是约翰·肯尼迪政府的高级经济顾问，也是未来的诺贝尔经济学奖得主。据格林威治联合公司创始人、耶鲁大学投资委员会前主席查尔斯·埃利斯说，“下雪的时候，大卫去吉姆家铲人行道”。詹姆斯·托宾获得诺贝尔奖的原因之一是他在创立现代投资组合理论方面的贡献。斯文森对现代投资组合理论的理念非常着迷。斯文森在2018年的团聚演讲中表示：“对于给定的回报水平，如果你分散投资，你可以以较低的风险获得回报。对于给定的风险水平，如果你分散投资，你可以获得更高的回报。这很酷！免费午餐！”</blockquote></p><p><b>Investment career</b></p><p><blockquote><b>投资生涯</b></blockquote></p><p>Swensen began his investment career in the early 1980s, and has since advised theCarnegie Corporation, theNew York Stock Exchange, theHoward Hughes Medical Institute, theCourtauld Institute of Art, theYale-New Haven Hospital, The Investment Fund for Foundations (TIFF), theEdna McConnell Clark Foundation, and the States of Connecticut and Massachusetts.</p><p><blockquote>斯文森于20世纪80年代初开始了他的投资生涯，此后曾为卡内基公司、纽约证券交易所、霍华德休斯医学研究所、考陶德艺术研究所、耶鲁-纽黑文医院、基金会投资基金(TIFF)、DNA McConnell Clark基金会以及康涅狄格州和马萨诸塞州提供咨询服务。</blockquote></p><p><b>Salomon Brothers</b></p><p><blockquote><b>所罗门兄弟</b></blockquote></p><p>Following his academic interest in valuation of corporate bonds, Swensen joined Salomon Brothers in 1980. This career move was suggested by a Salomon Brothers investment banker and Yale alumni, Gene Dattel, who was deeply impressed by Swensen. In 1981 Swensen worked to structure the world's first swap agreement, a deal betweenIBMand theWorld Bankwhich allowed to hedge their exposure to Swiss francs and German marks.</p><p><blockquote>出于对公司债券估值的学术兴趣，斯文森于1980年加入所罗门兄弟公司。这一职业转变是由所罗门兄弟投资银行家、耶鲁校友吉恩·达特尔建议的，他对斯文森印象深刻。1981年，斯文森致力于构建世界上第一个互换协议，这是IBM和世界银行之间的一项交易，允许他们对冲瑞士法郎和德国马克的风险敞口。</blockquote></p><p><b>Lehman Brothers</b></p><p><blockquote><b>雷曼兄弟</b></blockquote></p><p>Prior to joining Yale in 1985, Swensen spent six years onWall Streetas senior vice president atLehman Brothers, specializing in the firm'sswapactivities, and as an associate incorporate financeforSalomon Brothers(here he worked for three years prior to joining Lehman Brothers), where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according to<i>When Genius Failed: The Rise and Fall of Long-Term Capital Management</i>byRoger Lowenstein.</p><p><blockquote>在1985年加入耶鲁大学之前，斯文森在华尔街工作了六年，担任雷曼兄弟公司的高级副总裁，专门从事该公司的互换活动，并担任所罗门兄弟公司的合伙人（在加入雷曼兄弟之前，他在这里工作了三年），他的工作重点是开发新的金融技术。斯文森根据<i>当天才失败时：长期资本管理的兴衰</i>作者：罗杰·洛温斯坦。</blockquote></p><p><b>Yale University endowment</b></p><p><blockquote><b>耶鲁大学捐赠</b></blockquote></p><p></p><p>Swensen was tapped to serve as the Yale endowment manager at age 31 in 1985. This position was offered by Swensen's other dissertation adviser, Yale's provost,William Brainard. Swensen's candidacy was suggested by James Tobin, who, despite his former student's young age, believed he could be the right person. Swensen was hesitant about taking the job at first, since he did not know much about portfolio management aside from his studies in graduate school. Nevertheless, Brainard convinced him to take the position and Swensen started on April 1, 1985 by taking 80% pay cut. A year later, in 1986, he was joined by Yale College and School of Management graduate Dean Takahashi, who soon became Swensen's trusted deputy. In 1985, when Swensen started managing the endowment, it was worth $1 billion; in 2019 it was worth $29.4 billion.</p><p><blockquote>1985年，31岁的斯文森被任命为耶鲁大学捐赠基金经理。这个职位是由斯文森的另一位论文导师、耶鲁大学教务长威廉·布雷纳德提供的。詹姆斯·托宾建议斯文森参选，尽管他以前的学生年龄很小，但他相信他可能是合适的人选。斯文森起初对接受这份工作犹豫不决，因为除了在研究生院的学习之外，他对投资组合管理了解不多。尽管如此，布雷纳德还是说服他接受了这个职位，斯文森从1985年4月1日开始减薪80%。一年后，在1986年，耶鲁大学和管理学院毕业生高桥院长加入了他的行列，他很快成为斯文森信任的副手。1985年，当斯文森开始管理该捐赠基金时，它价值10亿美元；2019年，其价值为294亿美元。</blockquote></p><p>As of 2005, the fund has managed annualized returns of 16.1%. He has been called \"Yale's 8 billion dollar man\" for his attainment of nearly $8 billion for the college endowment from 1985 to 2005. According to former Yale President, economistRichard Levin, Swensen's \"contribution\" to Yale is greater than the sum of all the donations made in more than two decades. \"We've just done better,\" Levin says, because of Swensen's \"uncanny ability\" to pick the best outside money managers. Swensen's former staff members, who later became managers of other endowment funds - includingMIT,StanfordandPrinceton- also showed impressive results in multiplying fund wealth.</p><p><blockquote>截至2005年，该基金管理的年化回报率为16.1%。他被称为“耶鲁80亿美元的人”，因为他从1985年到2005年为大学捐赠了近80亿美元。根据耶鲁前校长、经济学家理查德·莱文的说法，斯文森对耶鲁的“贡献”超过了二十多年来所有捐款的总和。“我们做得更好了，”莱文说，因为斯文森拥有挑选最佳外部基金经理的“不可思议的能力”。斯文森的前员工后来成为其他捐赠基金的经理——包括麻省理工学院、斯坦福大学和普林斯顿大学——在基金财富倍增方面也表现出了令人印象深刻的成果。</blockquote></p><p>In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment.</p><p><blockquote>2014年9月，斯文森开始让耶鲁捐赠基金不再投资温室气体排放量大的公司，并在给捐赠基金经理的一封信中表达了耶鲁的偏好。这封信要求他们考虑投资对气候变化的影响，并避免投资于没有做出合理努力减少碳排放的公司。斯文森认为这种方法是一种更微妙、更灵活的方法，而不是直接撤资。</blockquote></p><p>Swensen made headlines on March 5, 2018 for arguing with the undergraduate editor-in-chief of the<i>Yale Daily News</i>. Swensen called the editor-in-chief a \"coward\" for deleting an inaccurate sentence and removing a footnote in an op-ed that he submitted to the paper; his column, which he required to be published unedited, responded to a student teach-in that criticized companies allegedly in the Yale portfolio.</p><p><blockquote>2018年3月5日，斯文森因与本科生主编发生争执而成为头条新闻。<i>耶鲁每日新闻</i>斯文森称主编为“懦夫”，因为他在提交给该报的一篇专栏文章中删除了一个不准确的句子和一个脚注；他要求未经编辑发表的专栏回应了一位学生的讲座，该讲座批评了据称在耶鲁投资组合中的公司。</blockquote></p><p><b>Unconventional success</b></p><p><blockquote><b>非常规的成功</b></blockquote></p><p>In 2005, Swensen wrote a book called<i>Unconventional Success,</i>which is an investment guide for the individual investor. The general strategy that he presents can be boiled down to the following three main points of advice:</p><p><blockquote>2005年，斯文森写了一本名为<i>非常规的成功，</i>这是个人投资者的投资指南。他提出的总体策略可以归结为以下三点建议：</blockquote></p><p><ul><li>The investor should construct a portfolio with money allocated to 6 core asset classes, diversifying among them and biasing toward the equity sections.</li><li>The investor should rebalance the portfolio on a regular basis (rebalancingback to the original weightings of the asset classes in the portfolio).</li><li>In the absence of confidence in a market-beating strategy, invest in low-costindex fundsandexchange-traded funds. The investor should be very watchful of costs as some indices are poorly constructed and some fund companies charge excessive fees (or generate large tax liabilities).</li></ul>He slams manymutual fundcompanies for charging excessive fees and not living up to their fiduciary responsibility. He highlights the conflict of interest inherent in the mutual funds, claiming they want high fee, high turnover funds while investors want the opposite.</p><p><blockquote><ul><li>投资者应该构建一个投资组合，将资金分配到6个核心资产类别，在其中分散投资并偏向股票部分。</li><li>投资者应定期重新平衡投资组合（重新平衡回投资组合中资产类别的原始权重）。</li><li>如果对跑赢市场的策略缺乏信心，请投资低成本指数基金和交易所交易基金。投资者应该非常警惕成本，因为一些指数构建不良，一些基金公司收取过高的费用（或产生大量的纳税义务）。</li></ul>他抨击许多共同基金公司收取过高的费用并且没有履行其信托责任。他强调了共同基金固有的利益冲突，声称他们想要高费用、高周转率的基金，而投资者想要相反的基金。</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>Yale's chief investment manager David Swensen dies at 67<blockquote>耶鲁大学首席投资经理大卫·斯文森去世，享年67岁</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\">\nYale's chief investment manager David Swensen dies at 67<blockquote>耶鲁大学首席投资经理大卫·斯文森去世，享年67岁</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\">2021-05-06 22:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money, has died from cancer aged 67.</p><p><blockquote>耶鲁大学捐赠基金负责人大卫·斯文森(David Swensen)因癌症去世，享年67岁，他帮助重塑了机构管理资金的方式。</blockquote></p><p>After stints at Salomon Brothers and Lehman Brothers, Swensen returned to his alma mater in 1985 to lead its investment office. At the time, endowments were typically conservatively managed, but Swensen overhauled the model dramatically, taking advantage of their long-term focus to invest heavily in the nascent private equity and hedge fund industries.</p><p><blockquote>在所罗门兄弟和雷曼兄弟工作后，斯文森于1985年回到母校领导其投资办公室。当时，捐赠基金的管理通常是保守的，但斯文森大幅改革了这一模式，利用其长期关注的优势，大力投资新兴的私募股权和对冲基金行业。</blockquote></p><p>His approach was so successful it revolutionised how endowments and many other institutional investors allocate their money, and the “Yale model” spread and helped change the wider investment industry.</p><p><blockquote>他的方法非常成功，彻底改变了捐赠基金和许多其他机构投资者分配资金的方式，“耶鲁模式”传播开来，并帮助改变了更广泛的投资行业。</blockquote></p><p>“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Peter Salovey, Yale’s president, said in a statement. “A natural teacher, he prepared a generation of institutional investors who have gone on to lead investment offices at other colleges and universities, further extending the scope of David’s influence.”</p><p><blockquote>耶鲁大学校长彼得·萨洛维在一份声明中表示：“在他的指导下，耶鲁大学的捐赠基金产生了回报，使他成为机构投资者中的传奇人物。”“作为一名天生的老师，他培养了一代机构投资者，他们后来领导了其他学院和大学的投资办公室，进一步扩大了大卫的影响范围。”</blockquote></p><p>The Yale Investments Office managed $31.2bn as of June 2020, and says it has averaged annual returns of 12. 4 per cent a year over the past three decades. In the 2021 fiscal year its contributions accounted for over a third of the university’s overall revenues.</p><p><blockquote>截至2020年6月，耶鲁投资办公室管理着312亿美元的资产，并表示在过去30年里，该办公室的平均年回报率为12.在2021财年，它的贡献占该大学总收入的三分之一以上。</blockquote></p><p>Almost a quarter of the endowment is invested in venture capital, and combined with private equity, hedge funds and real estate, so-called “alternative” investments account for nearly three quarters of its assets.</p><p><blockquote>几乎四分之一的捐赠基金投资于风险投资，加上私募股权、对冲基金和房地产，所谓的“另类”投资占其资产的近四分之三。</blockquote></p><p><b>Early life and education</b></p><p><blockquote><b>早期生活和教育</b></blockquote></p><p>David F. Swensen was born inRiver Falls, Wisconsin. His father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. His mother, Grace, after raising six children, became a Lutheran minister. After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive hisB.A.andB.S.in 1975 from theUniversity of Wisconsin-River Fallswhere his father Richard Swensen was a professor. Swensen pursued a PhD ineconomicsat Yale, where he wrote hisdissertation,<i>A Model for the Valuation ofCorporate Bonds.</i>One of Swensen's dissertation advisers at Yale wasJames Tobin, a top economic adviser toJohn F. Kennedyadministration and a future Nobel Prize laureate in economics. According to Charles Ellis, founder of Greenwich Associates and former chair of Yale's investment committee, \"When it snowed, David went to Jim's house to shovel the sidewalk\". James Tobin's Nobel Prize, among other things, was for his contribution in creation of Modern Portfolio Theory. Swensen was fascinated by the idea of Modern Portfolio Theory. During his 2018 reunion speech Swensen said: \"For a given level of return, if you diversify you can get that return at lower risk. For a given level of risk, if you diversify you can get a higher return. That's pretty cool! Free lunch!\"</p><p><blockquote>大卫·F·斯文森出生于威斯康星州的里弗福尔斯。他的父亲理查德·斯文森是威斯康星大学里弗福尔斯分校的化学教授兼院长。他的母亲格蕾丝在抚养了六个孩子后，成为了一名路德教牧师。1971年从里弗福尔斯高中毕业后，斯文森选择留在他的家乡里弗福尔斯，并于1975年在威斯康星大学里弗福尔斯分校获得学士学位和学士学位，他的父亲理查德·斯文森是该校的教授。斯文森在耶鲁大学攻读经济学博士学位，<i>公司债券估值模型。</i>斯文森在耶鲁大学的论文导师之一是詹姆斯·托宾，他是约翰·肯尼迪政府的高级经济顾问，也是未来的诺贝尔经济学奖得主。据格林威治联合公司创始人、耶鲁大学投资委员会前主席查尔斯·埃利斯说，“下雪的时候，大卫去吉姆家铲人行道”。詹姆斯·托宾获得诺贝尔奖的原因之一是他在创立现代投资组合理论方面的贡献。斯文森对现代投资组合理论的理念非常着迷。斯文森在2018年的团聚演讲中表示：“对于给定的回报水平，如果你分散投资，你可以以较低的风险获得回报。对于给定的风险水平，如果你分散投资，你可以获得更高的回报。这很酷！免费午餐！”</blockquote></p><p><b>Investment career</b></p><p><blockquote><b>投资生涯</b></blockquote></p><p>Swensen began his investment career in the early 1980s, and has since advised theCarnegie Corporation, theNew York Stock Exchange, theHoward Hughes Medical Institute, theCourtauld Institute of Art, theYale-New Haven Hospital, The Investment Fund for Foundations (TIFF), theEdna McConnell Clark Foundation, and the States of Connecticut and Massachusetts.</p><p><blockquote>斯文森于20世纪80年代初开始了他的投资生涯，此后曾为卡内基公司、纽约证券交易所、霍华德休斯医学研究所、考陶德艺术研究所、耶鲁-纽黑文医院、基金会投资基金(TIFF)、DNA McConnell Clark基金会以及康涅狄格州和马萨诸塞州提供咨询服务。</blockquote></p><p><b>Salomon Brothers</b></p><p><blockquote><b>所罗门兄弟</b></blockquote></p><p>Following his academic interest in valuation of corporate bonds, Swensen joined Salomon Brothers in 1980. This career move was suggested by a Salomon Brothers investment banker and Yale alumni, Gene Dattel, who was deeply impressed by Swensen. In 1981 Swensen worked to structure the world's first swap agreement, a deal betweenIBMand theWorld Bankwhich allowed to hedge their exposure to Swiss francs and German marks.</p><p><blockquote>出于对公司债券估值的学术兴趣，斯文森于1980年加入所罗门兄弟公司。这一职业转变是由所罗门兄弟投资银行家、耶鲁校友吉恩·达特尔建议的，他对斯文森印象深刻。1981年，斯文森致力于构建世界上第一个互换协议，这是IBM和世界银行之间的一项交易，允许他们对冲瑞士法郎和德国马克的风险敞口。</blockquote></p><p><b>Lehman Brothers</b></p><p><blockquote><b>雷曼兄弟</b></blockquote></p><p>Prior to joining Yale in 1985, Swensen spent six years onWall Streetas senior vice president atLehman Brothers, specializing in the firm'sswapactivities, and as an associate incorporate financeforSalomon Brothers(here he worked for three years prior to joining Lehman Brothers), where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according to<i>When Genius Failed: The Rise and Fall of Long-Term Capital Management</i>byRoger Lowenstein.</p><p><blockquote>在1985年加入耶鲁大学之前，斯文森在华尔街工作了六年，担任雷曼兄弟公司的高级副总裁，专门从事该公司的互换活动，并担任所罗门兄弟公司的合伙人（在加入雷曼兄弟之前，他在这里工作了三年），他的工作重点是开发新的金融技术。斯文森根据<i>当天才失败时：长期资本管理的兴衰</i>作者：罗杰·洛温斯坦。</blockquote></p><p><b>Yale University endowment</b></p><p><blockquote><b>耶鲁大学捐赠</b></blockquote></p><p></p><p>Swensen was tapped to serve as the Yale endowment manager at age 31 in 1985. This position was offered by Swensen's other dissertation adviser, Yale's provost,William Brainard. Swensen's candidacy was suggested by James Tobin, who, despite his former student's young age, believed he could be the right person. Swensen was hesitant about taking the job at first, since he did not know much about portfolio management aside from his studies in graduate school. Nevertheless, Brainard convinced him to take the position and Swensen started on April 1, 1985 by taking 80% pay cut. A year later, in 1986, he was joined by Yale College and School of Management graduate Dean Takahashi, who soon became Swensen's trusted deputy. In 1985, when Swensen started managing the endowment, it was worth $1 billion; in 2019 it was worth $29.4 billion.</p><p><blockquote>1985年，31岁的斯文森被任命为耶鲁大学捐赠基金经理。这个职位是由斯文森的另一位论文导师、耶鲁大学教务长威廉·布雷纳德提供的。詹姆斯·托宾建议斯文森参选，尽管他以前的学生年龄很小，但他相信他可能是合适的人选。斯文森起初对接受这份工作犹豫不决，因为除了在研究生院的学习之外，他对投资组合管理了解不多。尽管如此，布雷纳德还是说服他接受了这个职位，斯文森从1985年4月1日开始减薪80%。一年后，在1986年，耶鲁大学和管理学院毕业生高桥院长加入了他的行列，他很快成为斯文森信任的副手。1985年，当斯文森开始管理该捐赠基金时，它价值10亿美元；2019年，其价值为294亿美元。</blockquote></p><p>As of 2005, the fund has managed annualized returns of 16.1%. He has been called \"Yale's 8 billion dollar man\" for his attainment of nearly $8 billion for the college endowment from 1985 to 2005. According to former Yale President, economistRichard Levin, Swensen's \"contribution\" to Yale is greater than the sum of all the donations made in more than two decades. \"We've just done better,\" Levin says, because of Swensen's \"uncanny ability\" to pick the best outside money managers. Swensen's former staff members, who later became managers of other endowment funds - includingMIT,StanfordandPrinceton- also showed impressive results in multiplying fund wealth.</p><p><blockquote>截至2005年，该基金管理的年化回报率为16.1%。他被称为“耶鲁80亿美元的人”，因为他从1985年到2005年为大学捐赠了近80亿美元。根据耶鲁前校长、经济学家理查德·莱文的说法，斯文森对耶鲁的“贡献”超过了二十多年来所有捐款的总和。“我们做得更好了，”莱文说，因为斯文森拥有挑选最佳外部基金经理的“不可思议的能力”。斯文森的前员工后来成为其他捐赠基金的经理——包括麻省理工学院、斯坦福大学和普林斯顿大学——在基金财富倍增方面也表现出了令人印象深刻的成果。</blockquote></p><p>In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment.</p><p><blockquote>2014年9月，斯文森开始让耶鲁捐赠基金不再投资温室气体排放量大的公司，并在给捐赠基金经理的一封信中表达了耶鲁的偏好。这封信要求他们考虑投资对气候变化的影响，并避免投资于没有做出合理努力减少碳排放的公司。斯文森认为这种方法是一种更微妙、更灵活的方法，而不是直接撤资。</blockquote></p><p>Swensen made headlines on March 5, 2018 for arguing with the undergraduate editor-in-chief of the<i>Yale Daily News</i>. Swensen called the editor-in-chief a \"coward\" for deleting an inaccurate sentence and removing a footnote in an op-ed that he submitted to the paper; his column, which he required to be published unedited, responded to a student teach-in that criticized companies allegedly in the Yale portfolio.</p><p><blockquote>2018年3月5日，斯文森因与本科生主编发生争执而成为头条新闻。<i>耶鲁每日新闻</i>斯文森称主编为“懦夫”，因为他在提交给该报的一篇专栏文章中删除了一个不准确的句子和一个脚注；他要求未经编辑发表的专栏回应了一位学生的讲座，该讲座批评了据称在耶鲁投资组合中的公司。</blockquote></p><p><b>Unconventional success</b></p><p><blockquote><b>非常规的成功</b></blockquote></p><p>In 2005, Swensen wrote a book called<i>Unconventional Success,</i>which is an investment guide for the individual investor. The general strategy that he presents can be boiled down to the following three main points of advice:</p><p><blockquote>2005年，斯文森写了一本名为<i>非常规的成功，</i>这是个人投资者的投资指南。他提出的总体策略可以归结为以下三点建议：</blockquote></p><p><ul><li>The investor should construct a portfolio with money allocated to 6 core asset classes, diversifying among them and biasing toward the equity sections.</li><li>The investor should rebalance the portfolio on a regular basis (rebalancingback to the original weightings of the asset classes in the portfolio).</li><li>In the absence of confidence in a market-beating strategy, invest in low-costindex fundsandexchange-traded funds. The investor should be very watchful of costs as some indices are poorly constructed and some fund companies charge excessive fees (or generate large tax liabilities).</li></ul>He slams manymutual fundcompanies for charging excessive fees and not living up to their fiduciary responsibility. He highlights the conflict of interest inherent in the mutual funds, claiming they want high fee, high turnover funds while investors want the opposite.</p><p><blockquote><ul><li>投资者应该构建一个投资组合，将资金分配到6个核心资产类别，在其中分散投资并偏向股票部分。</li><li>投资者应定期重新平衡投资组合（重新平衡回投资组合中资产类别的原始权重）。</li><li>如果对跑赢市场的策略缺乏信心，请投资低成本指数基金和交易所交易基金。投资者应该非常警惕成本，因为一些指数构建不良，一些基金公司收取过高的费用（或产生大量的纳税义务）。</li></ul>他抨击许多共同基金公司收取过高的费用并且没有履行其信托责任。他强调了共同基金固有的利益冲突，声称他们想要高费用、高周转率的基金，而投资者想要相反的基金。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188985089","content_text":"David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money, has died from cancer aged 67.After stints at Salomon Brothers and Lehman Brothers, Swensen returned to his alma mater in 1985 to lead its investment office. At the time, endowments were typically conservatively managed, but Swensen overhauled the model dramatically, taking advantage of their long-term focus to invest heavily in the nascent private equity and hedge fund industries.His approach was so successful it revolutionised how endowments and many other institutional investors allocate their money, and the “Yale model” spread and helped change the wider investment industry.“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Peter Salovey, Yale’s president, said in a statement. “A natural teacher, he prepared a generation of institutional investors who have gone on to lead investment offices at other colleges and universities, further extending the scope of David’s influence.”The Yale Investments Office managed $31.2bn as of June 2020, and says it has averaged annual returns of 12. 4 per cent a year over the past three decades. In the 2021 fiscal year its contributions accounted for over a third of the university’s overall revenues.Almost a quarter of the endowment is invested in venture capital, and combined with private equity, hedge funds and real estate, so-called “alternative” investments account for nearly three quarters of its assets.Early life and educationDavid F. Swensen was born inRiver Falls, Wisconsin. His father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. His mother, Grace, after raising six children, became a Lutheran minister. After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive hisB.A.andB.S.in 1975 from theUniversity of Wisconsin-River Fallswhere his father Richard Swensen was a professor. Swensen pursued a PhD ineconomicsat Yale, where he wrote hisdissertation,A Model for the Valuation ofCorporate Bonds.One of Swensen's dissertation advisers at Yale wasJames Tobin, a top economic adviser toJohn F. Kennedyadministration and a future Nobel Prize laureate in economics. According to Charles Ellis, founder of Greenwich Associates and former chair of Yale's investment committee, \"When it snowed, David went to Jim's house to shovel the sidewalk\". James Tobin's Nobel Prize, among other things, was for his contribution in creation of Modern Portfolio Theory. Swensen was fascinated by the idea of Modern Portfolio Theory. During his 2018 reunion speech Swensen said: \"For a given level of return, if you diversify you can get that return at lower risk. For a given level of risk, if you diversify you can get a higher return. That's pretty cool! Free lunch!\"Investment careerSwensen began his investment career in the early 1980s, and has since advised theCarnegie Corporation, theNew York Stock Exchange, theHoward Hughes Medical Institute, theCourtauld Institute of Art, theYale-New Haven Hospital, The Investment Fund for Foundations (TIFF), theEdna McConnell Clark Foundation, and the States of Connecticut and Massachusetts.Salomon BrothersFollowing his academic interest in valuation of corporate bonds, Swensen joined Salomon Brothers in 1980. This career move was suggested by a Salomon Brothers investment banker and Yale alumni, Gene Dattel, who was deeply impressed by Swensen. In 1981 Swensen worked to structure the world's first swap agreement, a deal betweenIBMand theWorld Bankwhich allowed to hedge their exposure to Swiss francs and German marks.Lehman BrothersPrior to joining Yale in 1985, Swensen spent six years onWall Streetas senior vice president atLehman Brothers, specializing in the firm'sswapactivities, and as an associate incorporate financeforSalomon Brothers(here he worked for three years prior to joining Lehman Brothers), where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according toWhen Genius Failed: The Rise and Fall of Long-Term Capital ManagementbyRoger Lowenstein.Yale University endowmentSwensen was tapped to serve as the Yale endowment manager at age 31 in 1985. This position was offered by Swensen's other dissertation adviser, Yale's provost,William Brainard. Swensen's candidacy was suggested by James Tobin, who, despite his former student's young age, believed he could be the right person. Swensen was hesitant about taking the job at first, since he did not know much about portfolio management aside from his studies in graduate school. Nevertheless, Brainard convinced him to take the position and Swensen started on April 1, 1985 by taking 80% pay cut. A year later, in 1986, he was joined by Yale College and School of Management graduate Dean Takahashi, who soon became Swensen's trusted deputy. In 1985, when Swensen started managing the endowment, it was worth $1 billion; in 2019 it was worth $29.4 billion.As of 2005, the fund has managed annualized returns of 16.1%. He has been called \"Yale's 8 billion dollar man\" for his attainment of nearly $8 billion for the college endowment from 1985 to 2005. According to former Yale President, economistRichard Levin, Swensen's \"contribution\" to Yale is greater than the sum of all the donations made in more than two decades. \"We've just done better,\" Levin says, because of Swensen's \"uncanny ability\" to pick the best outside money managers. Swensen's former staff members, who later became managers of other endowment funds - includingMIT,StanfordandPrinceton- also showed impressive results in multiplying fund wealth.In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment.Swensen made headlines on March 5, 2018 for arguing with the undergraduate editor-in-chief of theYale Daily News. Swensen called the editor-in-chief a \"coward\" for deleting an inaccurate sentence and removing a footnote in an op-ed that he submitted to the paper; his column, which he required to be published unedited, responded to a student teach-in that criticized companies allegedly in the Yale portfolio.Unconventional successIn 2005, Swensen wrote a book calledUnconventional Success,which is an investment guide for the individual investor. The general strategy that he presents can be boiled down to the following three main points of advice:The investor should construct a portfolio with money allocated to 6 core asset classes, diversifying among them and biasing toward the equity sections.The investor should rebalance the portfolio on a regular basis (rebalancingback to the original weightings of the asset classes in the portfolio).In the absence of confidence in a market-beating strategy, invest in low-costindex fundsandexchange-traded funds. The investor should be very watchful of costs as some indices are poorly constructed and some fund companies charge excessive fees (or generate large tax liabilities).He slams manymutual fundcompanies for charging excessive fees and not living up to their fiduciary responsibility. He highlights the conflict of interest inherent in the mutual funds, claiming they want high fee, high turnover funds while investors want the opposite.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344366285,"gmtCreate":1618377220247,"gmtModify":1634293358788,"author":{"id":"3580097515180795","authorId":"3580097515180795","name":"elsieeeooo","avatar":"https://static.tigerbbs.com/056697173afcd3bd2e76586109a36080","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580097515180795","idStr":"3580097515180795"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344366285","repostId":"1107153005","repostType":4,"repost":{"id":"1107153005","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":1618373540,"share":"https://www.laohu8.com/m/news/1107153005?lang=zh_CN&edition=full","pubTime":"2021-04-14 12:12","market":"us","language":"en","title":"ByteDance to go public in Hong Kong:source<blockquote>字节跳动将赴港上市：来源</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107153005","media":"Tiger Newspress","summary":"ByteDance,the Chinese parent of hit video app TikTok,submitted the letter of appointment to the HKEx","content":"<p>ByteDance,the Chinese parent of hit video app TikTok,submitted the letter of appointment to the HKEx and started the listing process in Hong Kong,,according to people familiar with the matter.ByteDance Is said valued at about $400 billion.</p><p><blockquote>据知情人士透露，热门视频应用TikTok的中国母公司字节跳动已向港交所提交了委任书，并开始在香港上市。据称字节跳动估值约为4000亿美元。</blockquote></p><p>ByteDance, famous for its short-video apps and news aggregator Toutiao,more than doubled revenue last year after expanding beyond its core advertising business into areas such as e-commerce and online gaming. It’s now weighing options for the initial public offering of some businesses.</p><p><blockquote>字节跳动以其短视频应用和新闻聚合器今日头条而闻名，在将核心广告业务扩展到电子商务和在线游戏等领域后，去年的收入增长了一倍多。它现在正在权衡一些企业首次公开募股的选择。</blockquote></p><p>During its last fundraising round, ByteDance reached a $180 billion valuation, according to a person with knowledge of the matter. That’s up from $20 billion about three years ago, according to CB Insights. But in the private market, some investors recently were asking for the equivalent of a $350 billion valuation to part with their shares, the people have said. Its value for private equity investors is approaching $400 billion, according to a report in the South China Morning Post. That would mean an even bigger fortune for Zhang.</p><p><blockquote>据一位知情人士透露，在上一轮融资中，字节跳动的估值达到了1800亿美元。根据CB Insights的数据，这一数字高于大约三年前的200亿美元。但知情人士称，在私人市场，一些投资者最近要求以相当于3500亿美元的估值出售其股份。据《南华早报》报道，它对私募股权投资者的价值接近4000亿美元。这对张来说意味着更大的财富。</blockquote></p><p>ByteDance declined to comment.</p><p><blockquote>字节跳动拒绝置评。</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>ByteDance to go public in Hong Kong:source<blockquote>字节跳动将赴港上市：来源</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\">\nByteDance to go public in Hong Kong:source<blockquote>字节跳动将赴港上市：来源</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\">2021-04-14 12:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>ByteDance,the Chinese parent of hit video app TikTok,submitted the letter of appointment to the HKEx and started the listing process in Hong Kong,,according to people familiar with the matter.ByteDance Is said valued at about $400 billion.</p><p><blockquote>据知情人士透露，热门视频应用TikTok的中国母公司字节跳动已向港交所提交了委任书，并开始在香港上市。据称字节跳动估值约为4000亿美元。</blockquote></p><p>ByteDance, famous for its short-video apps and news aggregator Toutiao,more than doubled revenue last year after expanding beyond its core advertising business into areas such as e-commerce and online gaming. It’s now weighing options for the initial public offering of some businesses.</p><p><blockquote>字节跳动以其短视频应用和新闻聚合器今日头条而闻名，在将核心广告业务扩展到电子商务和在线游戏等领域后，去年的收入增长了一倍多。它现在正在权衡一些企业首次公开募股的选择。</blockquote></p><p>During its last fundraising round, ByteDance reached a $180 billion valuation, according to a person with knowledge of the matter. That’s up from $20 billion about three years ago, according to CB Insights. But in the private market, some investors recently were asking for the equivalent of a $350 billion valuation to part with their shares, the people have said. Its value for private equity investors is approaching $400 billion, according to a report in the South China Morning Post. That would mean an even bigger fortune for Zhang.</p><p><blockquote>据一位知情人士透露，在上一轮融资中，字节跳动的估值达到了1800亿美元。根据CB Insights的数据，这一数字高于大约三年前的200亿美元。但知情人士称，在私人市场，一些投资者最近要求以相当于3500亿美元的估值出售其股份。据《南华早报》报道，它对私募股权投资者的价值接近4000亿美元。这对张来说意味着更大的财富。</blockquote></p><p>ByteDance declined to comment.</p><p><blockquote>字节跳动拒绝置评。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01024":"快手-W","00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107153005","content_text":"ByteDance,the Chinese parent of hit video app TikTok,submitted the letter of appointment to the HKEx and started the listing process in Hong Kong,,according to people familiar with the matter.ByteDance Is said valued at about $400 billion.ByteDance, famous for its short-video apps and news aggregator Toutiao,more than doubled revenue last year after expanding beyond its core advertising business into areas such as e-commerce and online gaming. It’s now weighing options for the initial public offering of some businesses.During its last fundraising round, ByteDance reached a $180 billion valuation, according to a person with knowledge of the matter. That’s up from $20 billion about three years ago, according to CB Insights. But in the private market, some investors recently were asking for the equivalent of a $350 billion valuation to part with their shares, the people have said. Its value for private equity investors is approaching $400 billion, according to a report in the South China Morning Post. That would mean an even bigger fortune for Zhang.ByteDance declined to comment.","news_type":1,"symbols_score_info":{"00700":0.9,"01024":0.9}},"isVote":1,"tweetType":1,"viewCount":2625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348524978,"gmtCreate":1617943998094,"gmtModify":1634295600433,"author":{"id":"3580097515180795","authorId":"3580097515180795","name":"elsieeeooo","avatar":"https://static.tigerbbs.com/056697173afcd3bd2e76586109a36080","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580097515180795","idStr":"3580097515180795"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/348524978","repostId":"1160289591","repostType":4,"repost":{"id":"1160289591","kind":"news","pubTimestamp":1617941885,"share":"https://www.laohu8.com/m/news/1160289591?lang=zh_CN&edition=full","pubTime":"2021-04-09 12:18","market":"sg","language":"en","title":"Asia: Markets mostly down but optimism remains<blockquote>亚洲：市场大多下跌但乐观情绪依然存在</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160289591","media":"AFP","summary":"[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of","content":"<p>[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of a much-anticipated earnings season, while an increasingly confident mood on trading floors has analysts predicting the global equities rally still has legs.</p><p><blockquote>[香港]大多数亚洲市场周五下跌，因为交易员在备受期待的财报季之前放松了脚步，而交易大厅里日益自信的情绪让分析师预测全球股市仍有上涨的势头。</blockquote></p><p> While some countries are having trouble with their vaccine programmes and a pick-up in infections, there is a general feeling that governments will get a better hold on the crisis and allow economies to reopen, if a little later than previously hoped.</p><p><blockquote>尽管一些国家的疫苗计划遇到了问题，感染人数有所上升，但人们普遍认为，政府将更好地控制危机，并允许经济重新开放，尽管比之前希望的要晚一点。</blockquote></p><p> Wall Street provided another strong lead, with the S&P 500 chalking up a second successive record and the Nasdaq piling on more than one percent as tech shares regained their mojo, having suffered recent selling.</p><p><blockquote>华尔街再次强劲领先，标普500连续第二次创下纪录，纳斯达克股价上涨超过1%，科技股在最近遭受抛售后重拾魔力。</blockquote></p><p> Federal Reserve boss Jerome Powell again repeated his mantra that the bank would stand fast in its pledge to keep borrowing costs at record lows for as long as needed to support recovery in the world's top economy.</p><p><blockquote>美联储主席杰罗姆·鲍威尔再次重申了他的口号，即只要需要支持世界最大经济体的复苏，该行将坚定承诺将借贷成本保持在历史低点。</blockquote></p><p> While last week's blockbuster jobs report was welcome, he said the \"recovery remains uneven and incomplete\" and he wanted to see more of those in future before he was happy progress was being made.</p><p><blockquote>虽然上周重磅的就业报告受到欢迎，但他表示“复苏仍然不平衡和不完整”，他希望在未来看到更多这样的情况，然后才对取得进展感到高兴。</blockquote></p><p> Analysts said an unexpected rise in jobless claims last week backed up Mr Powell's stance.</p><p><blockquote>分析师表示，上周初请失业金人数意外上升支持了鲍威尔的立场。</blockquote></p><p> There remains a concern that the forecast strong recovery, reopening of the economy, President Joe Biden's vast spending sprees and the rollout of vaccines will fan inflation to a point that the Fed will be forced to lift rates earlier than it intends.</p><p><blockquote>人们仍然担心，预测的强劲复苏、经济重新开放、总统乔·拜登的大规模支出以及疫苗的推出将加剧通胀，以至于美联储将被迫比预期更早加息。</blockquote></p><p> Yields on benchmark 10-year Treasuries - a gauge of future rates - edged down as Mr Powell spoke, though they remain around a one-year high.</p><p><blockquote>鲍威尔发表讲话时，基准10年期国债收益率（衡量未来利率的指标）小幅下跌，但仍处于一年高点附近。</blockquote></p><p> <b>'KIDS IN A CANDY STORE'</b></p><p><blockquote><b>“糖果店里的孩子”</b></blockquote></p><p> Data on Friday showed Chinese producer prices rose at their fastest pace in more than two years owing to a jump in the cost of commodities.</p><p><blockquote>周五的数据显示，由于大宗商品成本飙升，中国生产者价格以两年多来最快的速度上涨。</blockquote></p><p> That has led to concerns the increases will filter through to the world economy from the export giant, putting pressure on central banks as they try to keep borrowing costs down.</p><p><blockquote>这引发了人们的担忧，即加息将从这个出口巨头渗透到世界经济，给试图降低借贷成本的央行带来压力。</blockquote></p><p> Axi strategist Stephen Innes said the figures \"might add a ripple or two of angst to the inflation pacifist calm that has fallen on the market\".</p><p><blockquote>Axi策略师斯蒂芬·英尼斯(Stephen Innes)表示，这些数据“可能会给市场上已经陷入的通胀和平主义平静增添一两丝焦虑”。</blockquote></p><p> Still, he added, \"Make no mistake this is a global equity market that is turning exceptionally comfortable with growth driving up yields supported by a Fed that is in absolutely no hurry to tap the brakes.</p><p><blockquote>不过，他补充道，“毫无疑问，这是一个全球股市，在美联储绝对不急于踩刹车的支持下，经济增长推高了收益率。</blockquote></p><p> \"The question is, does it get better than this, or are we nearing peak optimism? Or will US stocks remain in 'kids in a candy store mode' while gliding on a sugar rush tailwind from a once in a generation type stimulus effect?\"</p><p><blockquote>“问题是，情况会比这更好吗，还是我们正在接近乐观情绪的顶峰？或者，美国股市是否会继续处于‘糖果店的孩子模式’，同时在一代人一次的刺激效应带来的食糖热潮中滑行？”</blockquote></p><p> In early trade, Hong Kong and Shanghai, Sydney, Seoul, Singapore and Wellington were all lower, though there were gains in Tokyo and Jakarta.</p><p><blockquote>早盘交易中，香港和上海、悉尼、首尔、新加坡和惠灵顿均走低，但东京和雅加达有所上涨。</blockquote></p><p> But Xi Qiao at UBS Global Wealth Management said there would likely be more gains in the pipeline.</p><p><blockquote>但瑞银全球财富管理的*·乔表示，未来可能会有更多收益。</blockquote></p><p> \"A lot of investors are worried about the stock market highs, but that doesn't mean it can't get higher, and the economic conditions are certainly set up for a positive equity environment,\" she told Bloomberg TV.</p><p><blockquote>她对彭博电视台表示：“很多投资者都担心股市高点，但这并不意味着股市不能走高，而且经济状况肯定为积极的股市环境奠定了基础。”</blockquote></p><p> Eyes are now turning to the release of corporate results for January to March, with expectations high that companies are seeing the benefits of the recovery and are hopeful for the outlook.</p><p><blockquote>现在人们的目光转向了1月至3月企业业绩的发布，人们对企业看到复苏的好处并对前景充满希望的期望很高。</blockquote></p><p></p>","source":"lsy1605843958005","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>Asia: Markets mostly down but optimism remains<blockquote>亚洲：市场大多下跌但乐观情绪依然存在</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; 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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\">\nAsia: Markets mostly down but optimism remains<blockquote>亚洲：市场大多下跌但乐观情绪依然存在</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AFP</strong><span class=\"h-time small\">2021-04-09 12:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of a much-anticipated earnings season, while an increasingly confident mood on trading floors has analysts predicting the global equities rally still has legs.</p><p><blockquote>[香港]大多数亚洲市场周五下跌，因为交易员在备受期待的财报季之前放松了脚步，而交易大厅里日益自信的情绪让分析师预测全球股市仍有上涨的势头。</blockquote></p><p> While some countries are having trouble with their vaccine programmes and a pick-up in infections, there is a general feeling that governments will get a better hold on the crisis and allow economies to reopen, if a little later than previously hoped.</p><p><blockquote>尽管一些国家的疫苗计划遇到了问题，感染人数有所上升，但人们普遍认为，政府将更好地控制危机，并允许经济重新开放，尽管比之前希望的要晚一点。</blockquote></p><p> Wall Street provided another strong lead, with the S&P 500 chalking up a second successive record and the Nasdaq piling on more than one percent as tech shares regained their mojo, having suffered recent selling.</p><p><blockquote>华尔街再次强劲领先，标普500连续第二次创下纪录，纳斯达克股价上涨超过1%，科技股在最近遭受抛售后重拾魔力。</blockquote></p><p> Federal Reserve boss Jerome Powell again repeated his mantra that the bank would stand fast in its pledge to keep borrowing costs at record lows for as long as needed to support recovery in the world's top economy.</p><p><blockquote>美联储主席杰罗姆·鲍威尔再次重申了他的口号，即只要需要支持世界最大经济体的复苏，该行将坚定承诺将借贷成本保持在历史低点。</blockquote></p><p> While last week's blockbuster jobs report was welcome, he said the \"recovery remains uneven and incomplete\" and he wanted to see more of those in future before he was happy progress was being made.</p><p><blockquote>虽然上周重磅的就业报告受到欢迎，但他表示“复苏仍然不平衡和不完整”，他希望在未来看到更多这样的情况，然后才对取得进展感到高兴。</blockquote></p><p> Analysts said an unexpected rise in jobless claims last week backed up Mr Powell's stance.</p><p><blockquote>分析师表示，上周初请失业金人数意外上升支持了鲍威尔的立场。</blockquote></p><p> There remains a concern that the forecast strong recovery, reopening of the economy, President Joe Biden's vast spending sprees and the rollout of vaccines will fan inflation to a point that the Fed will be forced to lift rates earlier than it intends.</p><p><blockquote>人们仍然担心，预测的强劲复苏、经济重新开放、总统乔·拜登的大规模支出以及疫苗的推出将加剧通胀，以至于美联储将被迫比预期更早加息。</blockquote></p><p> Yields on benchmark 10-year Treasuries - a gauge of future rates - edged down as Mr Powell spoke, though they remain around a one-year high.</p><p><blockquote>鲍威尔发表讲话时，基准10年期国债收益率（衡量未来利率的指标）小幅下跌，但仍处于一年高点附近。</blockquote></p><p> <b>'KIDS IN A CANDY STORE'</b></p><p><blockquote><b>“糖果店里的孩子”</b></blockquote></p><p> Data on Friday showed Chinese producer prices rose at their fastest pace in more than two years owing to a jump in the cost of commodities.</p><p><blockquote>周五的数据显示，由于大宗商品成本飙升，中国生产者价格以两年多来最快的速度上涨。</blockquote></p><p> That has led to concerns the increases will filter through to the world economy from the export giant, putting pressure on central banks as they try to keep borrowing costs down.</p><p><blockquote>这引发了人们的担忧，即加息将从这个出口巨头渗透到世界经济，给试图降低借贷成本的央行带来压力。</blockquote></p><p> Axi strategist Stephen Innes said the figures \"might add a ripple or two of angst to the inflation pacifist calm that has fallen on the market\".</p><p><blockquote>Axi策略师斯蒂芬·英尼斯(Stephen Innes)表示，这些数据“可能会给市场上已经陷入的通胀和平主义平静增添一两丝焦虑”。</blockquote></p><p> Still, he added, \"Make no mistake this is a global equity market that is turning exceptionally comfortable with growth driving up yields supported by a Fed that is in absolutely no hurry to tap the brakes.</p><p><blockquote>不过，他补充道，“毫无疑问，这是一个全球股市，在美联储绝对不急于踩刹车的支持下，经济增长推高了收益率。</blockquote></p><p> \"The question is, does it get better than this, or are we nearing peak optimism? Or will US stocks remain in 'kids in a candy store mode' while gliding on a sugar rush tailwind from a once in a generation type stimulus effect?\"</p><p><blockquote>“问题是，情况会比这更好吗，还是我们正在接近乐观情绪的顶峰？或者，美国股市是否会继续处于‘糖果店的孩子模式’，同时在一代人一次的刺激效应带来的食糖热潮中滑行？”</blockquote></p><p> In early trade, Hong Kong and Shanghai, Sydney, Seoul, Singapore and Wellington were all lower, though there were gains in Tokyo and Jakarta.</p><p><blockquote>早盘交易中，香港和上海、悉尼、首尔、新加坡和惠灵顿均走低，但东京和雅加达有所上涨。</blockquote></p><p> But Xi Qiao at UBS Global Wealth Management said there would likely be more gains in the pipeline.</p><p><blockquote>但瑞银全球财富管理的*·乔表示，未来可能会有更多收益。</blockquote></p><p> \"A lot of investors are worried about the stock market highs, but that doesn't mean it can't get higher, and the economic conditions are certainly set up for a positive equity environment,\" she told Bloomberg TV.</p><p><blockquote>她对彭博电视台表示：“很多投资者都担心股市高点，但这并不意味着股市不能走高，而且经济状况肯定为积极的股市环境奠定了基础。”</blockquote></p><p> Eyes are now turning to the release of corporate results for January to March, with expectations high that companies are seeing the benefits of the recovery and are hopeful for the outlook.</p><p><blockquote>现在人们的目光转向了1月至3月企业业绩的发布，人们对企业看到复苏的好处并对前景充满希望的期望很高。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.businesstimes.com.sg/stocks/asia-markets-mostly-down-but-optimism-remains\">AFP</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.businesstimes.com.sg/stocks/asia-markets-mostly-down-but-optimism-remains","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160289591","content_text":"[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of a much-anticipated earnings season, while an increasingly confident mood on trading floors has analysts predicting the global equities rally still has legs.\nWhile some countries are having trouble with their vaccine programmes and a pick-up in infections, there is a general feeling that governments will get a better hold on the crisis and allow economies to reopen, if a little later than previously hoped.\nWall Street provided another strong lead, with the S&P 500 chalking up a second successive record and the Nasdaq piling on more than one percent as tech shares regained their mojo, having suffered recent selling.\nFederal Reserve boss Jerome Powell again repeated his mantra that the bank would stand fast in its pledge to keep borrowing costs at record lows for as long as needed to support recovery in the world's top economy.\nWhile last week's blockbuster jobs report was welcome, he said the \"recovery remains uneven and incomplete\" and he wanted to see more of those in future before he was happy progress was being made.\nAnalysts said an unexpected rise in jobless claims last week backed up Mr Powell's stance.\nThere remains a concern that the forecast strong recovery, reopening of the economy, President Joe Biden's vast spending sprees and the rollout of vaccines will fan inflation to a point that the Fed will be forced to lift rates earlier than it intends.\nYields on benchmark 10-year Treasuries - a gauge of future rates - edged down as Mr Powell spoke, though they remain around a one-year high.\n'KIDS IN A CANDY STORE'\nData on Friday showed Chinese producer prices rose at their fastest pace in more than two years owing to a jump in the cost of commodities.\nThat has led to concerns the increases will filter through to the world economy from the export giant, putting pressure on central banks as they try to keep borrowing costs down.\nAxi strategist Stephen Innes said the figures \"might add a ripple or two of angst to the inflation pacifist calm that has fallen on the market\".\nStill, he added, \"Make no mistake this is a global equity market that is turning exceptionally comfortable with growth driving up yields supported by a Fed that is in absolutely no hurry to tap the brakes.\n\"The question is, does it get better than this, or are we nearing peak optimism? Or will US stocks remain in 'kids in a candy store mode' while gliding on a sugar rush tailwind from a once in a generation type stimulus effect?\"\nIn early trade, Hong Kong and Shanghai, Sydney, Seoul, Singapore and Wellington were all lower, though there were gains in Tokyo and Jakarta.\nBut Xi Qiao at UBS Global Wealth Management said there would likely be more gains in the pipeline.\n\"A lot of investors are worried about the stock market highs, but that doesn't mean it can't get higher, and the economic conditions are certainly set up for a positive equity environment,\" she told Bloomberg TV.\nEyes are now turning to the release of corporate results for January to March, with expectations high that companies are seeing the benefits of the recovery and are hopeful for the outlook.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348525635,"gmtCreate":1617943964627,"gmtModify":1634295600926,"author":{"id":"3580097515180795","authorId":"3580097515180795","name":"elsieeeooo","avatar":"https://static.tigerbbs.com/056697173afcd3bd2e76586109a36080","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580097515180795","idStr":"3580097515180795"},"themes":[],"htmlText":"[财迷] ","listText":"[财迷] ","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/348525635","repostId":"1160289591","repostType":4,"repost":{"id":"1160289591","kind":"news","pubTimestamp":1617941885,"share":"https://www.laohu8.com/m/news/1160289591?lang=zh_CN&edition=full","pubTime":"2021-04-09 12:18","market":"sg","language":"en","title":"Asia: Markets mostly down but optimism remains<blockquote>亚洲：市场大多下跌但乐观情绪依然存在</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160289591","media":"AFP","summary":"[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of","content":"<p>[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of a much-anticipated earnings season, while an increasingly confident mood on trading floors has analysts predicting the global equities rally still has legs.</p><p><blockquote>[香港]大多数亚洲市场周五下跌，因为交易员在备受期待的财报季之前放松了脚步，而交易大厅里日益自信的情绪让分析师预测全球股市仍有上涨的势头。</blockquote></p><p> While some countries are having trouble with their vaccine programmes and a pick-up in infections, there is a general feeling that governments will get a better hold on the crisis and allow economies to reopen, if a little later than previously hoped.</p><p><blockquote>尽管一些国家的疫苗计划遇到了问题，感染人数有所上升，但人们普遍认为，政府将更好地控制危机，并允许经济重新开放，尽管比之前希望的要晚一点。</blockquote></p><p> Wall Street provided another strong lead, with the S&P 500 chalking up a second successive record and the Nasdaq piling on more than one percent as tech shares regained their mojo, having suffered recent selling.</p><p><blockquote>华尔街再次强劲领先，标普500连续第二次创下纪录，纳斯达克股价上涨超过1%，科技股在最近遭受抛售后重拾魔力。</blockquote></p><p> Federal Reserve boss Jerome Powell again repeated his mantra that the bank would stand fast in its pledge to keep borrowing costs at record lows for as long as needed to support recovery in the world's top economy.</p><p><blockquote>美联储主席杰罗姆·鲍威尔再次重申了他的口号，即只要需要支持世界最大经济体的复苏，该行将坚定承诺将借贷成本保持在历史低点。</blockquote></p><p> While last week's blockbuster jobs report was welcome, he said the \"recovery remains uneven and incomplete\" and he wanted to see more of those in future before he was happy progress was being made.</p><p><blockquote>虽然上周重磅的就业报告受到欢迎，但他表示“复苏仍然不平衡和不完整”，他希望在未来看到更多这样的情况，然后才对取得进展感到高兴。</blockquote></p><p> Analysts said an unexpected rise in jobless claims last week backed up Mr Powell's stance.</p><p><blockquote>分析师表示，上周初请失业金人数意外上升支持了鲍威尔的立场。</blockquote></p><p> There remains a concern that the forecast strong recovery, reopening of the economy, President Joe Biden's vast spending sprees and the rollout of vaccines will fan inflation to a point that the Fed will be forced to lift rates earlier than it intends.</p><p><blockquote>人们仍然担心，预测的强劲复苏、经济重新开放、总统乔·拜登的大规模支出以及疫苗的推出将加剧通胀，以至于美联储将被迫比预期更早加息。</blockquote></p><p> Yields on benchmark 10-year Treasuries - a gauge of future rates - edged down as Mr Powell spoke, though they remain around a one-year high.</p><p><blockquote>鲍威尔发表讲话时，基准10年期国债收益率（衡量未来利率的指标）小幅下跌，但仍处于一年高点附近。</blockquote></p><p> <b>'KIDS IN A CANDY STORE'</b></p><p><blockquote><b>“糖果店里的孩子”</b></blockquote></p><p> Data on Friday showed Chinese producer prices rose at their fastest pace in more than two years owing to a jump in the cost of commodities.</p><p><blockquote>周五的数据显示，由于大宗商品成本飙升，中国生产者价格以两年多来最快的速度上涨。</blockquote></p><p> That has led to concerns the increases will filter through to the world economy from the export giant, putting pressure on central banks as they try to keep borrowing costs down.</p><p><blockquote>这引发了人们的担忧，即加息将从这个出口巨头渗透到世界经济，给试图降低借贷成本的央行带来压力。</blockquote></p><p> Axi strategist Stephen Innes said the figures \"might add a ripple or two of angst to the inflation pacifist calm that has fallen on the market\".</p><p><blockquote>Axi策略师斯蒂芬·英尼斯(Stephen Innes)表示，这些数据“可能会给市场上已经陷入的通胀和平主义平静增添一两丝焦虑”。</blockquote></p><p> Still, he added, \"Make no mistake this is a global equity market that is turning exceptionally comfortable with growth driving up yields supported by a Fed that is in absolutely no hurry to tap the brakes.</p><p><blockquote>不过，他补充道，“毫无疑问，这是一个全球股市，在美联储绝对不急于踩刹车的支持下，经济增长推高了收益率。</blockquote></p><p> \"The question is, does it get better than this, or are we nearing peak optimism? Or will US stocks remain in 'kids in a candy store mode' while gliding on a sugar rush tailwind from a once in a generation type stimulus effect?\"</p><p><blockquote>“问题是，情况会比这更好吗，还是我们正在接近乐观情绪的顶峰？或者，美国股市是否会继续处于‘糖果店的孩子模式’，同时在一代人一次的刺激效应带来的食糖热潮中滑行？”</blockquote></p><p> In early trade, Hong Kong and Shanghai, Sydney, Seoul, Singapore and Wellington were all lower, though there were gains in Tokyo and Jakarta.</p><p><blockquote>早盘交易中，香港和上海、悉尼、首尔、新加坡和惠灵顿均走低，但东京和雅加达有所上涨。</blockquote></p><p> But Xi Qiao at UBS Global Wealth Management said there would likely be more gains in the pipeline.</p><p><blockquote>但瑞银全球财富管理的*·乔表示，未来可能会有更多收益。</blockquote></p><p> \"A lot of investors are worried about the stock market highs, but that doesn't mean it can't get higher, and the economic conditions are certainly set up for a positive equity environment,\" she told Bloomberg TV.</p><p><blockquote>她对彭博电视台表示：“很多投资者都担心股市高点，但这并不意味着股市不能走高，而且经济状况肯定为积极的股市环境奠定了基础。”</blockquote></p><p> Eyes are now turning to the release of corporate results for January to March, with expectations high that companies are seeing the benefits of the recovery and are hopeful for the outlook.</p><p><blockquote>现在人们的目光转向了1月至3月企业业绩的发布，人们对企业看到复苏的好处并对前景充满希望的期望很高。</blockquote></p><p></p>","source":"lsy1605843958005","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nAsia: Markets mostly down but optimism remains<blockquote>亚洲：市场大多下跌但乐观情绪依然存在</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AFP</strong><span class=\"h-time small\">2021-04-09 12:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of a much-anticipated earnings season, while an increasingly confident mood on trading floors has analysts predicting the global equities rally still has legs.</p><p><blockquote>[香港]大多数亚洲市场周五下跌，因为交易员在备受期待的财报季之前放松了脚步，而交易大厅里日益自信的情绪让分析师预测全球股市仍有上涨的势头。</blockquote></p><p> While some countries are having trouble with their vaccine programmes and a pick-up in infections, there is a general feeling that governments will get a better hold on the crisis and allow economies to reopen, if a little later than previously hoped.</p><p><blockquote>尽管一些国家的疫苗计划遇到了问题，感染人数有所上升，但人们普遍认为，政府将更好地控制危机，并允许经济重新开放，尽管比之前希望的要晚一点。</blockquote></p><p> Wall Street provided another strong lead, with the S&P 500 chalking up a second successive record and the Nasdaq piling on more than one percent as tech shares regained their mojo, having suffered recent selling.</p><p><blockquote>华尔街再次强劲领先，标普500连续第二次创下纪录，纳斯达克股价上涨超过1%，科技股在最近遭受抛售后重拾魔力。</blockquote></p><p> Federal Reserve boss Jerome Powell again repeated his mantra that the bank would stand fast in its pledge to keep borrowing costs at record lows for as long as needed to support recovery in the world's top economy.</p><p><blockquote>美联储主席杰罗姆·鲍威尔再次重申了他的口号，即只要需要支持世界最大经济体的复苏，该行将坚定承诺将借贷成本保持在历史低点。</blockquote></p><p> While last week's blockbuster jobs report was welcome, he said the \"recovery remains uneven and incomplete\" and he wanted to see more of those in future before he was happy progress was being made.</p><p><blockquote>虽然上周重磅的就业报告受到欢迎，但他表示“复苏仍然不平衡和不完整”，他希望在未来看到更多这样的情况，然后才对取得进展感到高兴。</blockquote></p><p> Analysts said an unexpected rise in jobless claims last week backed up Mr Powell's stance.</p><p><blockquote>分析师表示，上周初请失业金人数意外上升支持了鲍威尔的立场。</blockquote></p><p> There remains a concern that the forecast strong recovery, reopening of the economy, President Joe Biden's vast spending sprees and the rollout of vaccines will fan inflation to a point that the Fed will be forced to lift rates earlier than it intends.</p><p><blockquote>人们仍然担心，预测的强劲复苏、经济重新开放、总统乔·拜登的大规模支出以及疫苗的推出将加剧通胀，以至于美联储将被迫比预期更早加息。</blockquote></p><p> Yields on benchmark 10-year Treasuries - a gauge of future rates - edged down as Mr Powell spoke, though they remain around a one-year high.</p><p><blockquote>鲍威尔发表讲话时，基准10年期国债收益率（衡量未来利率的指标）小幅下跌，但仍处于一年高点附近。</blockquote></p><p> <b>'KIDS IN A CANDY STORE'</b></p><p><blockquote><b>“糖果店里的孩子”</b></blockquote></p><p> Data on Friday showed Chinese producer prices rose at their fastest pace in more than two years owing to a jump in the cost of commodities.</p><p><blockquote>周五的数据显示，由于大宗商品成本飙升，中国生产者价格以两年多来最快的速度上涨。</blockquote></p><p> That has led to concerns the increases will filter through to the world economy from the export giant, putting pressure on central banks as they try to keep borrowing costs down.</p><p><blockquote>这引发了人们的担忧，即加息将从这个出口巨头渗透到世界经济，给试图降低借贷成本的央行带来压力。</blockquote></p><p> Axi strategist Stephen Innes said the figures \"might add a ripple or two of angst to the inflation pacifist calm that has fallen on the market\".</p><p><blockquote>Axi策略师斯蒂芬·英尼斯(Stephen Innes)表示，这些数据“可能会给市场上已经陷入的通胀和平主义平静增添一两丝焦虑”。</blockquote></p><p> Still, he added, \"Make no mistake this is a global equity market that is turning exceptionally comfortable with growth driving up yields supported by a Fed that is in absolutely no hurry to tap the brakes.</p><p><blockquote>不过，他补充道，“毫无疑问，这是一个全球股市，在美联储绝对不急于踩刹车的支持下，经济增长推高了收益率。</blockquote></p><p> \"The question is, does it get better than this, or are we nearing peak optimism? Or will US stocks remain in 'kids in a candy store mode' while gliding on a sugar rush tailwind from a once in a generation type stimulus effect?\"</p><p><blockquote>“问题是，情况会比这更好吗，还是我们正在接近乐观情绪的顶峰？或者，美国股市是否会继续处于‘糖果店的孩子模式’，同时在一代人一次的刺激效应带来的食糖热潮中滑行？”</blockquote></p><p> In early trade, Hong Kong and Shanghai, Sydney, Seoul, Singapore and Wellington were all lower, though there were gains in Tokyo and Jakarta.</p><p><blockquote>早盘交易中，香港和上海、悉尼、首尔、新加坡和惠灵顿均走低，但东京和雅加达有所上涨。</blockquote></p><p> But Xi Qiao at UBS Global Wealth Management said there would likely be more gains in the pipeline.</p><p><blockquote>但瑞银全球财富管理的*·乔表示，未来可能会有更多收益。</blockquote></p><p> \"A lot of investors are worried about the stock market highs, but that doesn't mean it can't get higher, and the economic conditions are certainly set up for a positive equity environment,\" she told Bloomberg TV.</p><p><blockquote>她对彭博电视台表示：“很多投资者都担心股市高点，但这并不意味着股市不能走高，而且经济状况肯定为积极的股市环境奠定了基础。”</blockquote></p><p> Eyes are now turning to the release of corporate results for January to March, with expectations high that companies are seeing the benefits of the recovery and are hopeful for the outlook.</p><p><blockquote>现在人们的目光转向了1月至3月企业业绩的发布，人们对企业看到复苏的好处并对前景充满希望的期望很高。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.businesstimes.com.sg/stocks/asia-markets-mostly-down-but-optimism-remains\">AFP</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.businesstimes.com.sg/stocks/asia-markets-mostly-down-but-optimism-remains","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160289591","content_text":"[HONG KONG] Most Asian markets retreated on Friday as traders took their foot off the pedal ahead of a much-anticipated earnings season, while an increasingly confident mood on trading floors has analysts predicting the global equities rally still has legs.\nWhile some countries are having trouble with their vaccine programmes and a pick-up in infections, there is a general feeling that governments will get a better hold on the crisis and allow economies to reopen, if a little later than previously hoped.\nWall Street provided another strong lead, with the S&P 500 chalking up a second successive record and the Nasdaq piling on more than one percent as tech shares regained their mojo, having suffered recent selling.\nFederal Reserve boss Jerome Powell again repeated his mantra that the bank would stand fast in its pledge to keep borrowing costs at record lows for as long as needed to support recovery in the world's top economy.\nWhile last week's blockbuster jobs report was welcome, he said the \"recovery remains uneven and incomplete\" and he wanted to see more of those in future before he was happy progress was being made.\nAnalysts said an unexpected rise in jobless claims last week backed up Mr Powell's stance.\nThere remains a concern that the forecast strong recovery, reopening of the economy, President Joe Biden's vast spending sprees and the rollout of vaccines will fan inflation to a point that the Fed will be forced to lift rates earlier than it intends.\nYields on benchmark 10-year Treasuries - a gauge of future rates - edged down as Mr Powell spoke, though they remain around a one-year high.\n'KIDS IN A CANDY STORE'\nData on Friday showed Chinese producer prices rose at their fastest pace in more than two years owing to a jump in the cost of commodities.\nThat has led to concerns the increases will filter through to the world economy from the export giant, putting pressure on central banks as they try to keep borrowing costs down.\nAxi strategist Stephen Innes said the figures \"might add a ripple or two of angst to the inflation pacifist calm that has fallen on the market\".\nStill, he added, \"Make no mistake this is a global equity market that is turning exceptionally comfortable with growth driving up yields supported by a Fed that is in absolutely no hurry to tap the brakes.\n\"The question is, does it get better than this, or are we nearing peak optimism? Or will US stocks remain in 'kids in a candy store mode' while gliding on a sugar rush tailwind from a once in a generation type stimulus effect?\"\nIn early trade, Hong Kong and Shanghai, Sydney, Seoul, Singapore and Wellington were all lower, though there were gains in Tokyo and Jakarta.\nBut Xi Qiao at UBS Global Wealth Management said there would likely be more gains in the pipeline.\n\"A lot of investors are worried about the stock market highs, but that doesn't mean it can't get higher, and the economic conditions are certainly set up for a positive equity environment,\" she told Bloomberg TV.\nEyes are now turning to the release of corporate results for January to March, with expectations high that companies are seeing the benefits of the recovery and are hopeful for the outlook.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":343966295,"gmtCreate":1617670245717,"gmtModify":1634297221022,"author":{"id":"3580097515180795","authorId":"3580097515180795","name":"elsieeeooo","avatar":"https://static.tigerbbs.com/056697173afcd3bd2e76586109a36080","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580097515180795","idStr":"3580097515180795"},"themes":[],"htmlText":"[强] ","listText":"[强] ","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/343966295","repostId":"2125762621","repostType":4,"isVote":1,"tweetType":1,"viewCount":2977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":343963172,"gmtCreate":1617669997896,"gmtModify":1634297223712,"author":{"id":"3580097515180795","authorId":"3580097515180795","name":"elsieeeooo","avatar":"https://static.tigerbbs.com/056697173afcd3bd2e76586109a36080","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580097515180795","idStr":"3580097515180795"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/343963172","repostId":"2125762128","repostType":4,"isVote":1,"tweetType":1,"viewCount":3071,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}