On 27 June 2024, iFlytek (科大讯飞) launched SparkDesk 4.0 (讯飞星火4.0), an artificial intelligence (AI) chatbot.

That was a big day for AI in China. iFlytek claims that SparkDesk matches the capabilities of GPT-4 Turbo, which is OpenAI’s latest model.

China Merchants China Direct Investments (CMCDI 133 HK) owns 0.3% shares in iFlytek (listed in Shenzhen, market cap US$ 14bn). This investment accounts for 6.4% of CMCDI’s total assets.

In addition, CMCDI’s owns 3.4% stake in non-listed Xunfei Healthcare (讯飞医疗, 5.6% of CMCDI’s total assets), which is an iFlytek AI spin-off that might go IPO in Hong Kong soon.

We, Argyle Street Management, tested out SparkDesk. We asked SparkDesk the most profound philosophical question in our known universe:

招商局中国基金是一只封闭式基金,股价比资产价值有很大折扣。怎样才能释放价值,让折扣收窄?

(CMCDI is a closed-end fund. Its share price trades at a large discount to its asset value. What can be done to unlock value and narrow the discount?)

SparkDesk replied:

  • Sell the listed shares: China Merchants Bank and iFlytek (!)
  • Pay special dividends
  • Return capital to shareholders
  • Reduce the investment manager’s fees by 50%
  • Incentivize the manager through bonuses
  • Diversify the portfolio away from China Merchant Bank shares
  • Communicate with shareholders proactively
  • Increase transparency

While we are amazed, we hasten to add that SparkDesk has forgotten about buying back shares, which is in our (humanly written) proposal to CMCDI.

Here are screenshots:

For now, we do know a little more about CMCDI than SparkDesk. Chat with us instead of a chatbot:

💬 WeChat ID: ASM_Argyle

💬 WhatsApp ID: +852 6317 6371

🖥️ UnlockValueChinaMerchants.com

📧 ChinaMerchants@asmhk.com


2024年6月27日,科大讯飞推出了讯飞星火4.0,一款人工智能聊天机器人。

这对于中国的人工智能来说是一个重要的日子。科大讯飞声称讯飞星火4.0的功能与OpenAI最新的GPT-4 Turbo相当

招商局中国基金(“中国基金”,133 HK)持有科大讯飞0.3%的股份(在深圳上市,市值约140亿美元),占中国基金总资产的6.4%

此外,中国基金还持有未上市公司讯飞医疗(占总资产的5.6%)3.4%的股份,讯飞医疗是科大讯飞分拆的公司,预计很快在香港上市

我们Argyle Street Management试用了讯飞星火4.0。我们向讯飞星火4.0提出了我们所知宇宙中最深刻的哲学问题:

招商局中国基金是一只封闭式基金,股价比资产价值有很大折扣。怎样才能释放价值,让折扣收窄?

讯飞星火回复:

  • 出售上市公司股票,如招商银行和科大讯飞的股份
  • 实施特别派息
  • 向股东返还资金
  • 降低管理费率50%
  • 通过奖励激励投资经理
  • 多元化投资,不仅限于现有的银行股
  • 积极沟通,回应市场关切
  • 提高透明度及对管理层绩效评估

我们对讯飞星火的回复感到惊艳,但也想补充,它忘记了回购股份的选项,这在我们(人手撰写的)向中国基金提案中提及了相关安排。

以下是截图:

目前来说,我们对于中国基金的了解应该比讯飞星火更多一些。如果你想就中国基金沟通,不用跟智能机器人聊天,欢迎随时与我们进行对话:

💬 微信账号: ASM_Argyle

💬 WhatsApp ID: +852 6317 6371

🖥️ UnlockValueChinaMerchants.com

📧 ChinaMerchants@asmhk.com

4 responses to “🤯 What would AI say about CMCDI? / 人工智能给中国基金的建议”

  1. Soon our jobs will be taken over by evil AI created in autocratic China.

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  2. AI will never takeover Pak Brian’s job.

    Peter Peh (白必达)
    ARGYLE STREET MANAGEMENT LIMITED

    Like

  3. […] SparkDesk chatbot. Listed and very liquid.星火大模型聊天机器人。非常流动。 […]

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  4. […] is a spin-off of iFlytek, the developer of a top-notch Chinese large language model. CMCDI also owns 0.3% shares in iFlytek, which is already listed and accounts for 5.3% of […]

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