Update wiki pages (#47)

Co-authored-by: LongPort wiki bot <[email protected]>

docs/learn/10-year-treasury-107523.mdx

@@ -10,9 +10,9 @@ import { AIContent } from "@site/src/components/ai-content";
 
 # 10-Year Treasury
 
-<ArticleMeta id={107523} updatedAt={'2024-01-10 02:21:13'} />
+<ArticleMeta id={107523} updatedAt={'2024-09-12 12:14:09'} alias={`[]`} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
 10-year government bond refers to a government bond with a maturity date of 10 years. Government bonds are bonds issued by the government, representing the government borrowing from bondholders and promising to repay the principal and pay interest on the maturity date. 10-year government bonds are long-term bonds with a maturity date of 10 years, and investors can purchase these bonds to receive fixed interest income. Due to the fact that government bonds are issued by the government, their default risk is relatively low and they are considered a relatively safe investment choice.
 
-<AIContent content={``} id={107523} />
+<AIContent content={`<p><strong>Definition:</strong> A 10-year Treasury bond (T-bond) is a government-issued debt security that matures in 10 years. Treasury bonds represent a loan made by the bondholder to the government, which promises to repay the principal and pay interest at maturity. As a long-term bond, the 10-year T-bond matures in 10 years, and investors can purchase these bonds to receive fixed interest income. Because they are issued by the government, they carry low default risk and are considered a relatively safe investment.</p><p><strong>Origin:</strong> The history of government bonds dates back to ancient times, but modern government bonds originated in 17th-century Europe. Governments began issuing bonds to raise funds for wars. The 10-year T-bond, as a long-term bond, has become an important tool for governments to raise long-term funds.</p><p><strong>Categories and Characteristics:</strong> The 10-year T-bond is a long-term government bond with the following key characteristics:<ul><li><strong>Fixed Interest:</strong> Investors receive fixed interest income annually, with the rate typically determined at issuance.</li><li><strong>Low Risk:</strong> Issued by the government, these bonds carry low default risk and are considered a safe investment.</li><li><strong>Liquidity:</strong> The 10-year T-bond can be traded in the secondary market, providing a degree of liquidity.</li></ul></p><p><strong>Specific Cases:</strong><ul><li><strong>Case 1:</strong> During the 2008 financial crisis, many investors purchased U.S. 10-year T-bonds as a safe haven. The increased demand for safe assets drove up the price of 10-year T-bonds, causing yields to fall.</li><li><strong>Case 2:</strong> In 2020, following the outbreak of the COVID-19 pandemic, global economic uncertainty increased, leading investors to flock to 10-year T-bonds again, further driving down yields.</li></ul></p><p><strong>Common Questions:</strong><ul><li><strong>Q:</strong> How is the interest rate on a 10-year T-bond determined?<br/><strong>A:</strong> The interest rate on a 10-year T-bond is typically determined at issuance based on market demand and the government's credit rating.</li><li><strong>Q:</strong> What are the risks of investing in a 10-year T-bond?<br/><strong>A:</strong> The main risks include interest rate risk and inflation risk. Rising interest rates can lead to a decline in bond prices, while inflation can erode the real purchasing power of fixed interest payments.</li></ul></p>`} id={107523} />

docs/learn/10-year-yield-107104.mdx

@@ -10,9 +10,9 @@ import { AIContent } from "@site/src/components/ai-content";
 
 # 10-Year Yield
 
-<ArticleMeta id={107104} updatedAt={'2023-12-15 02:20:31'} />
+<ArticleMeta id={107104} updatedAt={'2024-09-12 12:22:30'} alias={`[]`} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
 The 10-year yield refers to the annualized yield of fixed-income products such as government bonds within a 10-year period. It is one of the important indicators for measuring the long-term interest rate level in the bond market and also a reference indicator for evaluating economic development and inflation expectations. An increase in the 10-year yield usually means a decrease in bond prices and an increase in investors' expectations of economic growth and inflation, while a decrease in the 10-year yield indicates the opposite.
 
-<AIContent content={``} id={107104} />
+<AIContent content={`<h2>10-Year Treasury Yield</h2><h3>Definition</h3><p>The 10-year Treasury yield refers to the annualized return on government bonds or other fixed-income products over a 10-year period. It is a key indicator of long-term interest rates in the bond market and serves as a reference for assessing economic development and inflation expectations. An increase in the 10-year yield typically indicates a drop in bond prices and rising investor expectations for economic growth and inflation, while a decrease suggests the opposite.</p><h3>Origin</h3><p>The concept of the 10-year Treasury yield originated in the government bond market, particularly the U.S. Treasury market. The U.S. Treasury began issuing long-term bonds in the early 20th century, and the 10-year Treasury bond gradually became a focal point due to its ability to reflect long-term interest rate trends and its high liquidity.</p><h3>Categories and Characteristics</h3><p>The 10-year Treasury yield can be divided into nominal yield and real yield. The nominal yield is the return without accounting for inflation, while the real yield considers the impact of inflation. A high nominal yield usually indicates high inflation expectations, whereas a high real yield suggests strong confidence in economic growth.</p><h3>Specific Cases</h3><p>Case 1: During the 2008 financial crisis, the U.S. 10-year Treasury yield significantly dropped from about 5% in 2007 to around 2% by the end of 2008. This reflected investors' pessimistic outlook on the economy and a strong demand for safe assets.</p><p>Case 2: Following the outbreak of the COVID-19 pandemic in 2020, the U.S. 10-year Treasury yield plummeted again, from about 1.8% at the beginning of the year to around 0.5% in March. This also indicated market concerns about economic recession and a demand for safe-haven assets.</p><h3>Common Questions</h3><p>1. Why does the 10-year Treasury yield fluctuate?<br/>The 10-year Treasury yield is influenced by various factors, including economic data, inflation expectations, and monetary policy. Changes in market expectations regarding these factors can cause yield fluctuations.</p><p>2. How to interpret changes in the 10-year Treasury yield?<br/>Generally, an increase in the 10-year yield indicates rising expectations for economic growth and inflation, while a decrease reflects concerns about the economic outlook and a demand for safe-haven assets.</p>`} id={107104} />

docs/learn/13f-200015.mdx

@@ -10,9 +10,9 @@ import { AIContent } from "@site/src/components/ai-content";
 
 # 13F
 
-<ArticleMeta id={200015} updatedAt={'2024-09-06 12:23:36'} />
+<ArticleMeta id={200015} updatedAt={'2024-09-12 11:59:06'} alias={`[]`} />
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 <p>Form 13F is a quarterly report that is required to be filed by all institutional investment managers with at least $100 million in assets under management.</p>
 
-<AIContent content={``} id={200015} />
+<AIContent content={`<p><strong>Definition:</strong> A 13F report is a quarterly report that institutional investment managers with over $100 million in assets under management must file with the U.S. Securities and Exchange Commission (SEC), disclosing their equity holdings. These reports help investors understand the investment movements of large institutions.</p><p><strong>Origin:</strong> The origin of the 13F report dates back to 1975 when the U.S. Congress passed the Securities Exchange Act Amendments, requiring large institutional investors to regularly disclose their holdings to increase market transparency and protect investor interests.</p><p><strong>Categories and Characteristics:</strong> The 13F report mainly includes the following types of information:<ul><li>Equity Holdings: Lists all the stocks held by the institutional investor and their quantities.</li><li>Options and Bonds: Sometimes includes holdings of options and bonds.</li><li>Other Securities: Such as ETFs and mutual funds holdings.</li></ul>The characteristics of these reports are mandatory, periodic, and public, ensuring that market participants can access the investment information of large institutions.</p><p><strong>Specific Cases:</strong><ol><li>Case 1: A hedge fund disclosed in its 13F report that it holds a significant amount of a tech company's stock, leading to a sharp increase in the company's stock price after the report was released.</li><li>Case 2: A pension fund showed in its 13F report that it reduced its holdings in an energy company, causing market concerns about the company's future development and leading to a drop in its stock price.</li></ol></p><p><strong>Common Questions:</strong><ul><li>Q: Does the 13F report include all types of securities?<br/>A: It mainly includes stocks but sometimes also options, bonds, and other securities.</li><li>Q: How often is the 13F report filed?<br/>A: It is filed quarterly.</li><li>Q: How can ordinary investors use the 13F report?<br/>A: By analyzing the changes in holdings of large institutions, they can understand market trends and investment opportunities.</li></ul></p>`} id={200015} />

docs/learn/20-f-200017.mdx

@@ -10,9 +10,9 @@ import { AIContent } from "@site/src/components/ai-content";
 
 # 20-F
 
-<ArticleMeta id={200017} updatedAt={'2024-09-06 12:23:29'} />
+<ArticleMeta id={200017} updatedAt={'2024-09-06 12:23:29'} alias={`[]`} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
 <p><span style={{backgroundColor:"rgb(255,255,255)",color:"rgb(17,17,17)"}}>SEC Form 20-F is a form issued by the SEC that must be submitted by all "foreign private issuers" with listed equity shares on exchanges in the U.S.</span></p>
 
-<AIContent content={``} id={200017} />
+<AIContent content={`<p><strong>Definition:</strong> Form 20-F is an annual report that foreign private issuers must file with the U.S. Securities and Exchange Commission (SEC). This report includes audited financial statements and a detailed description of the company's business. The purpose of the 20-F filing is to ensure that investors have sufficient information to make informed investment decisions.</p><p><strong>Origin:</strong> The origin of Form 20-F can be traced back to the Securities Exchange Act of 1934, which required all companies listed on U.S. securities markets to regularly disclose financial information. With the rise of globalization, the SEC introduced Form 20-F in the 1970s to allow foreign companies to list on U.S. markets and comply with the relevant disclosure requirements.</p><p><strong>Categories and Characteristics:</strong> The 20-F report mainly includes the following sections:<ul><li>Company Information: Includes company history, business description, main products and services.</li><li>Financial Information: Includes audited financial statements, Management's Discussion and Analysis (MD&A).</li><li>Risk Factors: Lists major risks that could affect the company's business and financial condition.</li><li>Governance Structure: Includes board members, management, and corporate governance practices.</li></ul>The 20-F is characterized by its comprehensive and transparent information disclosure, aimed at protecting investors' interests.</p><p><strong>Specific Cases:</strong><ol><li><strong>Case 1:</strong> A European tech company listed on the NASDAQ must file a 20-F report annually. Through this report, investors can understand the company's financial health, business development, and potential risks.</li><li><strong>Case 2:</strong> An Asian manufacturing enterprise listed on the New York Stock Exchange. Its 20-F report details the company's production processes, market share, and future development plans, helping investors assess its investment value.</li></ol></p><p><strong>Common Questions:</strong><ul><li><strong>Q:</strong> What is the difference between a 20-F report and a 10-K report?<br/><strong>A:</strong> The 20-F is an annual report filed by foreign companies, while the 10-K is filed by U.S. companies. Both have similar content and purposes but apply to different types of companies.</li><li><strong>Q:</strong> What happens if a company fails to file the 20-F on time?<br/><strong>A:</strong> Failure to file the 20-F on time may result in the company being suspended from trading or facing other regulatory penalties.</li></ul></p>`} id={200017} />

docs/learn/401-k-investments-106930.mdx

@@ -10,9 +10,9 @@ import { AIContent } from "@site/src/components/ai-content";
 
 # 401(K) Investments
 
-<ArticleMeta id={106930} updatedAt={'2023-12-12 08:20:30'} />
+<ArticleMeta id={106930} updatedAt={'2024-09-12 12:26:23'} alias={`[]`} />
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 401(k) investment is a retirement savings plan that allows employees to contribute a portion of their wages and invest it in a specific retirement savings account. These investments typically include stocks, bonds, mutual funds, etc. 401(k) investment is a common pension plan that can help individuals accumulate funds for retirement.
 
-<AIContent content={``} id={106930} />
+<AIContent content={`<h2>What is 401(k) Investment</h2><h3>Definition</h3><p>A 401(k) investment is a retirement savings plan that allows employees to have a portion of their wages deducted and invested in a specific retirement savings account. These investments typically include stocks, bonds, mutual funds, etc. The 401(k) investment is a common pension plan that helps individuals accumulate funds for retirement.</p><h3>Origin</h3><p>The 401(k) plan originated in the United States and was first introduced in 1978 through Section 401(k) of the Internal Revenue Code. In the early 1980s, 401(k) plans began to be widely adopted, becoming a primary retirement savings tool offered by employers to employees.</p><h3>Categories and Characteristics</h3><p>There are mainly two types of 401(k) plans: Traditional 401(k) and Roth 401(k). The Traditional 401(k) plan allows employees to contribute pre-tax income to the account, with taxes paid upon withdrawal during retirement. The Roth 401(k) plan, on the other hand, uses after-tax income for investment, with tax-free withdrawals during retirement. Each has its pros and cons: the Traditional 401(k) is suitable for employees with a higher current tax rate, while the Roth 401(k) is better for those expecting a higher tax rate in retirement.</p><h3>Specific Cases</h3><p>Case 1: John deducts $500 from his monthly salary to contribute to a Traditional 401(k) account, and this portion of income is tax-deferred for the year. After 30 years of investment, John's account accumulates $500,000, and he will pay taxes upon withdrawal at the retirement tax rate.</p><p>Case 2: Jane opts for a Roth 401(k) plan, deducting $500 from her after-tax income each month for investment. After 30 years of investment, Jane's account accumulates $500,000, and she can withdraw it tax-free during retirement.</p><h3>Common Questions</h3><p>1. What is the maximum contribution limit for a 401(k) plan?<br/>Answer: For 2024, the maximum contribution limit for a 401(k) plan is $19,500, with an additional $6,500 catch-up contribution allowed for employees aged 50 and above.</p><p>2. What are the investment risks of a 401(k) plan?<br/>Answer: The investment risk of a 401(k) plan depends on the chosen investment portfolio. Stock funds have higher risk but greater return potential, while bond funds have lower risk but smaller returns.</p>`} id={106930} />

docs/learn/6-k-200016.mdx

@@ -10,9 +10,9 @@ import { AIContent } from "@site/src/components/ai-content";
 
 # 6-K
 
-<ArticleMeta id={200016} updatedAt={'2024-09-06 12:23:33'} />
+<ArticleMeta id={200016} updatedAt={'2024-09-12 11:59:18'} alias={`[]`} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
 <p>The SEC Form 6-K is a form that foreign private issuers of securities are required to submit, pursuant to stated rules in the Securities Exchange Act of 1934. SEC Form 6-K is a cover page for foreign issuers making filings with the SEC.</p>
 
-<AIContent content={``} id={200016} />
+<AIContent content={`<p><strong>Definition:</strong> Form 6-K is a report submitted to the U.S. Securities and Exchange Commission (SEC) by foreign private issuers. It typically includes a cover statement of the financial reports submitted to their home country regulatory authorities. The purpose of the 6-K report is to inform U.S. investors about the financial condition and operations of these foreign companies.</p><p><strong>Origin:</strong> The origin of the 6-K report can be traced back to the Securities Exchange Act of 1934. This act requires foreign companies trading on U.S. securities markets to submit periodic reports to the SEC to ensure transparency and investor protection. With the growth of globalization, more foreign companies are listing in the U.S., increasing the importance of the 6-K report.</p><p><strong>Categories and Characteristics:</strong> The 6-K report does not have a fixed submission frequency and is usually submitted after significant events or when financial reports are filed with the home country regulatory authorities. The content of a 6-K report can include, but is not limited to, financial statements, significant contracts, management changes, and litigation matters. Its characteristics include high flexibility, broad content, and the ability to promptly reflect the latest developments of the company.</p><p><strong>Specific Cases:</strong> 1. Suppose a Chinese technology company listed in the U.S. submits its quarterly financial report in China. It needs to file a 6-K report with the SEC, including the financial data and operational status for that quarter. 2. A European pharmaceutical company receives significant drug approval in its home country. The company needs to disclose this major event through a 6-K report to inform U.S. investors about the latest developments.</p><p><strong>Common Questions:</strong> 1. Investors might ask, what is the submission frequency of the 6-K report? The answer is that the 6-K report does not have a fixed submission frequency and is usually submitted after significant events or when financial reports are filed with the home country regulatory authorities. 2. What is the difference between a 6-K report and a 10-K report? The 10-K report is an annual comprehensive financial report submitted by U.S. companies, while the 6-K report is an interim report submitted by foreign companies when significant events occur.</p>`} id={200016} />

docs/learn/8-k-200013.mdx

@@ -10,7 +10,7 @@ import { AIContent } from "@site/src/components/ai-content";
 
 # 8-K
 
-<ArticleMeta id={200013} updatedAt={'2024-09-06 12:24:07'} />
+<ArticleMeta id={200013} updatedAt={'2024-09-06 12:24:07'} alias={`["Form 8K"]`} />
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 <p>An 8-K is a report of unscheduled material events or corporate changes at a company that could be of importance to the shareholders or the Securities and Exchange Commission (SEC). Also known as a Form 8K, the report notifies the public of events, including acquisitions, bankruptcy, the resignation of directors, or changes in the fiscal year.</p>