Market Overview - The three major indices showed mixed performance, with the Dow Jones up 0.10% to 49,500.93 points, the S&P 500 up 0.05% to 6,836.17 points, and the Nasdaq down 0.22% to 22,546.67 points [3] - All three indices recorded weekly declines, with the S&P 500 down 1.4%, the Dow down 1.2%, and the Nasdaq down 2.1% [3] Economic Indicators - The U.S. Bureau of Labor Statistics reported that the January CPI rose 2.4% year-over-year and 0.2% month-over-month, both below market expectations [3] - The core CPI, excluding volatile food and energy prices, increased by 2.5% year-over-year and 0.3% month-over-month, aligning with market expectations [3] - Phil Blancato, Chief Market Strategist at Osaic, indicated that this data could pave the way for interest rate cuts and inflation control if the trend continues [3] Sector Performance - Concerns over AI disruption led to market sell-offs, affecting various sectors including software, real estate, trucking, and financial services [6] - Financial stocks such as Charles Schwab and Morgan Stanley fell by 10.8% and 4.9%, respectively, while software company Workday dropped 11% and commercial real estate firm CBRE fell 16% [6] - The media sector was also impacted, with Disney down approximately 3% and Netflix down 6% [7] Technology Stocks - Major tech stocks mostly declined, with Nvidia down 2.21%, Apple down 2.27%, Microsoft down 0.13%, Google down 1.06%, and Amazon down 0.41% [7] - Tesla saw a slight increase of 0.09%, while Oracle rose by 2.34% and Netflix increased by 1.33% [7] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 0.10%, with Alibaba down 1.89%, JD.com down 1.38%, and Pinduoduo up 0.06% [7] - NIO remained flat, while Xpeng rose by 1.36% and Li Auto fell by 1.81% [7]

Summary of Key Points Core Viewpoint - As of January 31, 2026, a total of 396 ride-hailing platform companies have obtained operating licenses in China, with a slight increase of one company from the previous month. The regulatory information exchange system received 974 million orders in January 2023 [1]. Group 1: Order Compliance Rates - The top 10 platforms by order compliance rate (the percentage of orders where both drivers and vehicles are licensed) are ranked as follows: Fengyun Travel, Ruqi Travel, Jishi Ride, Xixing Ride, T3 Travel, Xiangdao Travel, Sunshine Travel, Caocao Travel, Didi Travel, and Huaxiaozhu Travel [1]. - The platforms with the highest growth in order compliance rates are Caocao Travel, Xixing Ride, and Xiangdao Travel, while the platforms with the lowest growth are Jishi Ride (-0.6%), Didi Travel (-0.7%), and Huaxiaozhu Travel (-3.0%) [1]. Group 2: Aggregator Platforms and Major Cities - Aggregator platforms, which provide services in conjunction with ride-hailing companies, completed 302 million orders, reflecting a month-on-month growth of 3.4%. The order compliance rates for these platforms are ranked as follows: Huaxiaozhu Travel, Didi Travel, Gaode Dache, Baidu Dache, Tencent Travel, Ctrip Travel, and Meituan Dache [3]. - Among major cities, the top ten by order compliance rate are Xiamen, Chengdu, Shenzhen, Hangzhou, Guangzhou, Nanjing, Jinan, Chongqing, Ningbo, and Qingdao, with all 26 cities reporting compliance rates above 80% [3].

Core Viewpoint - The performance of Chinese concept stocks varied on February 14, with the Nasdaq China Golden Dragon Index (HXC) closing down by 0.1% [1][7]. Group 1: Stock Performance - Among the rising stocks, Pinduoduo increased by 0.06%, NetEase by 2.06%, and Tencent Music by 4.52% [1][7]. - Among the declining stocks, Alibaba fell by 2.05%, JD.com by 1.38%, and Ideal Auto by 1.81% [1][7]. - The US stock market closed mixed on Friday, with the Dow Jones gaining 48.95 points (0.10%) and the Nasdaq dropping 50.48 points (0.22%) [1][7]. Group 2: Market Trends - All three major US stock indices recorded declines for the week, with the Dow down 1.23%, Nasdaq down 2.1%, and S&P 500 down 1.39% [1][7]. - The market continues to assess the impact of artificial intelligence development on industries such as logistics, real estate, and software [1][7]. - The US core CPI for January reached a nearly five-year low [1][7].

Group 1 - The National Market Supervision Administration has initiated an investigation into Ctrip Group for suspected abuse of market dominance, reflecting a regulatory shift towards monitoring price control behaviors, which may lead to fines or business rectifications [1] - The investigation follows multiple regulatory discussions and industry accusations in 2025, highlighting the direct impact of policy risks on the company [1] Group 2 - Ctrip Group's stock price has significantly declined due to the monopoly investigation, closing at HKD 419.80 on February 13, 2026, a drop of 2.10% for the day and approximately 29.36% from HKD 609.00 on January 13, 2026 [2] - Over the past five days, the stock has decreased by 5.87%, underperforming compared to the Hang Seng Index, which fell by 1.72%, and the tourism and sightseeing sector, which declined by 1.19% [2] Group 3 - Strong travel demand during the 2026 Spring Festival is indicated by a 55% year-on-year increase in flight bookings on the Fliggy platform, potentially creating structural opportunities for OTA platforms [3] - However, Ctrip faces regulatory pressures and competition from other platforms like Meituan and Fliggy, necessitating attention to how policy developments may constrain its business model [3]

Core Viewpoint - The financial regulatory authorities have conducted discussions with six travel platform companies regarding issues related to their lending practices in collaboration with financial institutions [1] Group 1: Regulatory Actions - The financial regulatory authority, in conjunction with the market regulatory authority and the People's Bank of China, has addressed concerns with travel platforms including Ctrip, Amap, Tongcheng Travel, Fliggy, Hanglv Zongheng, and Qunar [1] - The companies are required to standardize their marketing practices, avoiding misleading promotional language [1] - Companies must clearly disclose the names of lending institutions and credit product information, and provide explicit reminders to borrowers about rational borrowing [1] Group 2: Consumer Protection - The regulatory bodies emphasized the importance of establishing smooth customer complaint channels, ensuring timely responses, and properly handling consumer disputes [1] - There is a focus on enhancing service quality to effectively safeguard consumer rights [1]

六家平台被约谈 近日，金融监管总局联合市场监管总局、中国人民银行，对携程旅行、高德地图、同程旅行、 飞猪旅行、航旅纵横、去哪儿旅行等六家出行平台企业进行约谈。针对上述企业在与金融机构 合作开展借贷业务中存在的问题，要求其规范营销行为，不得使用误导性宣传用语；清晰披露 贷款机构名称及信贷产品信息，并向借款人明确提示理性借贷；畅通客户投诉渠道，及时回应 并妥善处理消费纠纷，着力提升服务品质，切实保障消费者合法权益。 ■ 资料图。本文来源：新华社 ...

针对上述企业在与金融机构合作开展借贷业务中存在的问题，三部门要求其规范营销行为，不得使用误 导性宣传用语；清晰披露贷款机构名称及信贷产品信息，并向借款人明确提示理性借贷；畅通客户投诉 渠道，及时回应并妥善处理消费纠纷，着力提升服务品质，切实保障消费者合法权益。 据中国国家金融监管总局13日消息，该部门近日联合国家市场监管总局、中国人民银行，对携程旅行、 高德地图、同程旅行、飞猪旅行、航旅纵横、去哪儿旅行等六家出行平台企业进行约谈。 ...

（来源：中国旅游报） 转自：中国旅游报 编辑：徐晓 审核：邓敏敏 近日，金融监管总局联合市场监管总局、中国人民银行，对携程旅行、高德地图、同程旅行、飞猪旅 行、航旅纵横、去哪儿旅行等六家出行平台企业进行约谈。针对上述企业在与金融机构合作开展借贷业 务中存在的问题，要求其规范营销行为，不得使用误导性宣传用语；清晰披露贷款机构名称及信贷产品 信息，并向借款人明确提示理性借贷；畅通客户投诉渠道，及时回应并妥善处理消费纠纷 【下载黑猫 投诉客户端】，着力提升服务品质，切实保障消费者合法权益。 来源：国家金融监督管理总局网站 ...

近日，金融监管总局联合市场监管总局、中国人民银行，对携程旅行、高德地图、同程旅行、飞猪旅行、 航旅纵横、去哪儿旅行等六家出行平台企业进行约谈。针对上述企业在与金融机构合作开展借贷业务中存 在的问题，要求其规范营销行为，不得使用误导性宣传用语；清晰披露贷款机构名称及信贷产品信息，并 向借款人明确提示理性借贷；畅通客户投诉渠道，及时回应并妥善处理消费纠纷，着力提升服务品质，切 实保障消费者合法权益。 来源：国家金融监督管理总局 责编：刘珺宇 校对：陶谦 百万用户都在看 集体大涨！刚刚，利好突袭！芯片，大消息 突变！美联储，重磅来袭！ 今晚，突发公告！多只大牛股，紧急提示风险！ 开盘，"一字"封板！外围大利好，彻底引爆！ 美联储，突发！美国财长，紧急发声！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 金融监管总局联合市场监管总局、中国人民银行约谈六家出行平台企业 ...

Group 1 - The financial regulatory authorities have conducted interviews with six travel platform companies, including Ctrip, Amap, Tongcheng Travel, Fliggy, Hanglv Zhongheng, and Qunar, regarding issues in their lending business with financial institutions [3] - The authorities have mandated these companies to standardize their marketing practices, prohibiting misleading promotional language, and to clearly disclose the names of lending institutions and credit product information [3] - Companies are required to provide clear reminders to borrowers about rational borrowing, ensure smooth customer complaint channels, and respond promptly to consumer disputes, aiming to enhance service quality and protect consumer rights [3]