智通财经获悉，周五，美股三大指数集体收涨。恒生指数ADR上涨，按比例计算，收报25995.05点，较 香港收市涨136.16或0.53%。 大型蓝筹股多数上涨，汇丰控股收报110.552港元，较香港收市涨1.15%;腾讯控股收报615.201港元，较 香港收市涨0.61%。 本文源自：智通财经网 ...

智通财经APP获悉，周五，美股三大指数集体收涨。恒生指数ADR上涨，按比例计算，收报25995.05点，较香港收市涨136.16或0.53%。 大型蓝筹股多数上涨，汇丰控股收报110.552港元，较香港收市涨1.15%;腾讯控股收报615.201港元，较香港收市涨0.61%。 | 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 派鉄福 ADRICA | ADR换算价(HKD) | 較港股升跌 | 较港股升跌% | ADR最新价(美元) ADI | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | 0 00700 | 611.500 | 0.000 | 0.00% TCEHY | 615.201 | +3.701 | 0.61% | 79.040 | | 2 | 阿里巴巴-W | 09988 | 151.500 | +0.900 | 0.60% BABA | 152,837 | +1.337 | 0.88% | 157.300 | | 3 | 建设银行 | 00939 | 8.170 | -0.060 ...

Core Viewpoint - A significant shift in foreign investment attitudes towards Chinese technology stocks is observed, with major investment banks expressing bullish outlooks for the sector and foreign limited partners accelerating their return to China's primary market, focusing on technology investments [1][2][6]. Group 1: Positive Outlook from Foreign Institutions - UBS sets a target for the Hang Seng Tech Index at 7100 points for the end of 2026, indicating a nearly 27% upside from the closing price of 5599 points on November 28 [2]. - Morgan Stanley raises its target for the CSI 300 Index to 4840 points by December 2026, suggesting moderate growth potential amid stable valuations [3]. - JPMorgan upgrades its rating on Chinese stocks to "overweight," anticipating a higher likelihood of significant gains in the coming year due to AI proliferation and consumption stimulus [3]. Group 2: Increased Foreign Capital Inflow - Foreign capital inflow into the Chinese stock market reached $50.6 billion in the first ten months of 2025, significantly surpassing the total of $11.4 billion for 2024, marking over a threefold increase [4]. - The technology sector is highlighted as a key focus for foreign investment, with foreign holdings in the electronics sector increasing, reaching a market value of 391.5 billion yuan by September 30, 2025 [4]. Group 3: Strategic Investment Focus - Foreign institutions are primarily focusing on structural investments in sectors such as semiconductors, AI applications, and communication equipment [4][6]. - AI emerges as a central theme for foreign investment strategies, with firms like Lisi Capital and Source Code Capital establishing funds specifically targeting early-stage AI projects [7]. Group 4: Long-term Investment Logic - The shift in foreign investment sentiment towards Chinese technology stocks is viewed as a long-term strategic reassessment rather than a short-term tactical play, driven by significant advancements in technology innovation [6][8]. - Experts believe that as China's economy continues to recover and innovation accelerates, the trend of increasing foreign allocation to Chinese technology stocks is likely to persist, positioning the tech sector as a crucial market focus [8].

中经记者 许心怡 吴可仲 上海报道 昔日的"白衣骑士"腾讯，再次向育碧伸出了援手。 11月21日，育碧公告披露，腾讯已完成对育碧旗下子公司Vantage Studios的战略投资，投资额达11.6亿 欧元（折合人民币约95亿元）。这笔资金不仅为育碧的转型打下基础，更为其紧急债务纾困，免于出现 债务违约问题。 此前，育碧曾遭遇来自法国传媒巨头维旺迪的"恶意"收购。腾讯在关键时刻介入，使得维旺迪被"击 退"。对于腾讯此次投资，育碧方面表示，这是其转型的关键一步。同时，11.6亿欧元的资金将帮助育 碧降低杠杆、强化资产负债表。 投资11.6亿欧元 根据育碧公告，腾讯此次投资赋予Vantage Studios 38亿欧元投前企业估值。腾讯将持有Vantage Studios 的26.32%经济权益。未来，Vantage Studios的控制权仍完全由育碧掌握。 育碧和腾讯已经签订股东协议。根据公告透露的信息，腾讯享有常规的少数股东保护性否决权，以及对 于重要子公司资产处置的特定同意权；除非育碧不再持有其多数表决权和股本，腾讯持有的Vantage Studios股票需遵守五年锁定期；育碧必须在未来两年内维持对Vanta ...

Core Insights - The introduction of "Tuike," a new identity defined by WeChat, is transforming the social e-commerce landscape, allowing users to earn commissions by sharing products within the WeChat ecosystem [1][3] - Tencent's official entry into social e-commerce marks a significant strategic shift, leveraging its vast user base and social relationships to redefine the future of e-commerce [3][6] Group 1: Tuike Overview - Tuike is fundamentally different from previous social e-commerce models, as it is a systematic and large-scale initiative by WeChat, not just another fleeting mini-program or disliked micro-business model [3] - The platform operates within a closed loop, allowing users to complete transactions without leaving WeChat, thus eliminating the need for external app redirects [4] - Users can earn commissions ranging from 5% to 30% based on product categories, with no upfront costs required to join [4][5] Group 2: Advantages of Tuike - The platform benefits from a significant traffic advantage, directly reaching 1.268 billion monthly active users without incurring high customer acquisition costs [4] - Tuike integrates shopping into daily social interactions, enabling users to make purchasing decisions while chatting or browsing their friend circle, thus revolutionizing the shopping experience [4][5] - The operational model is lightweight, requiring no inventory management or customer service, making it accessible for a wide range of users, including students and retirees [5] Group 3: Market Potential and Future Outlook - Industry experts predict that WeChat e-commerce could capture 30% of the Chinese e-commerce market within three years, indicating the emergence of a trillion-yuan market [6] - Early adopters of the Tuike model have already reported significant earnings, with some reaching monthly incomes exceeding 50,000 yuan during the trial phase [6] - The competition in the e-commerce landscape is shifting from platform-based rivalry to a revolution in business models, with Tuike representing a new wave of social e-commerce [6]

深市港股通前十大成交活跃股中，成交额居首的是阿里巴巴-W，成交金额15.68亿港元；其次是腾讯控 股、泡泡玛特，成交金额分别为10.67亿港元、8.60亿港元。以净买卖金额统计，有7只股为净买入，净 买入金额最多的是腾讯控股，净买入4.35亿港元，该股收盘平盘报收。净卖出金额最多的是中芯国际， 净卖出1.62亿港元，收盘股价上涨0.66%。（数据宝） 11月28日港股通成交活跃股 | 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 09988 | 阿里巴巴-W | 港股通(沪) | 440774.30 | 80009.38 | 0.60 | | 09988 | 阿里巴巴-W | 港股通(深) | 156808.00 | 29412.24 | 0.60 | | 00700 | 腾讯控股 | 港股通(沪) | 152768.99 | -17228.60 | 0.00 | | 09992 | 泡泡玛特 | 港股通(沪) | 130549.91 | 20832.02 | 2.84 | | ...

腾讯控股回购明细 证券时报·数据宝统计，腾讯控股在港交所公告显示，11月28日以每股609.000港元至616.500港元的价格 回购103.90万股，回购金额达6.36亿港元。该股当日收盘价611.500港元，平盘报收，全天成交额80.87亿 港元。 自11月18日以来公司已连续9日进行回购，合计回购923.20万股，累计回购金额57.21亿港元。 其间该股 累计下跌3.93%。 今年以来该股累计进行109次回购，合计回购1.31亿股，累计回购金额666.86亿港元。（数据宝） （文章来源：证券时报网） | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.11.28 | 103.90 | 616.500 | 609.000 | 63560.93 | | 2025.11.27 | 103.60 | 620.000 | 609.000 | 63568.33 | | 2025.11.26 | 102.20 | 629.000 | 618.500 | 63565.95 | | 202 ...

互联网暴露面风险趋势 本产品孵化自腾讯安全实验室，历经多年攻防实战的锤炼，专注于在大型攻防演 练和日常安全运营中精准发现风险，最终为企业实现降本增效。 讲师介绍 暴露面产品负责人 梁国锋 多年大型攻防演练经验，对攻与防有深入的实战理解， 负责暴露面的产品设计与技术规划，从0到1的落地与 建设。 目录 Menu • 互联网暴露面风险趋势 与能力建设 关于暴露面 互联网暴露面风险趋势 | | | 攻击趋利化，自动化，成主流攻击手段 | | | | | --- | --- | --- | --- | --- | --- | | 威胁主体 | | 利用技术趋势 | 受攻击目标 | | 保密法 | | | | | | | 分级保护 | | | | 0Day研究 / APT | | | 军工保密 | | National Governments | | 供应链攻击 | Classified information 分类(涉密)信息： | | FAA 1600.2 | | "国家级"攻击力量 | | 硬件/固件攻击 | 政府及军事领域的涉密信息和系统 | | DOD SRG | | | | 物理设施/设备攻击 | | | ...

Market Overview - The Hong Kong stock market showed mixed results today, with the Hang Seng Index and the Hang Seng China Enterprises Index declining by 0.34% and 0.38% respectively, while the Hang Seng Tech Index saw a slight increase of 0.02% [1] - Major tech stocks displayed a divergent trend, with Meituan dropping by 1.44%, while Baidu, Alibaba, and JD.com experienced gains [2][3] Stock Performance - The Hang Seng Tech Index closed at 5599.11, up by 1.06 points or 0.02% [3] - Notable stock performances included: - Baidu Group: +1.1 (0.98%) with a market cap of 312.97 billion - Alibaba: +0.9 (0.60%) with a market cap of 2.892 trillion - JD.com: +0.3 (0.26%) with a market cap of 330.63 billion - Tencent: unchanged at 611.50 with a market cap of 5.592 trillion - Meituan: -1.5 (1.44%) with a market cap of 626.43 billion [3] Sector Trends - The market saw a resurgence in military stocks, while sectors such as wind power, gold, non-ferrous metals, gaming, lithium batteries, and construction materials experienced upward movement [3] - Conversely, financial and energy sectors showed weakness, with real estate stocks also underperforming [3] Trading Activity - The total trading volume for the day was 146.204 billion HKD, marking the first time in five months that daily trading volume fell below 200 billion HKD, indicating a tightening of liquidity as the year-end approaches [4] - Short selling amounted to 15.035 billion HKD, representing 10.28% of the total trading volume, with a decrease in short selling ratio to a five-day low [4][5] Market Sentiment - Despite the Hang Seng Index facing resistance at the 26,000 point level, there remains a cautious optimism regarding localized hot sectors, with a notable rotation of market interest [6] - Long-term outlook suggests that recent adjustments in the Hong Kong market may present attractive entry points for investors, as indicated by JPMorgan's upgrade of Chinese stocks to "overweight" [8] A-share Market - The A-share market also saw a rebound, with total trading volume decreasing by approximately 123.997 billion to 1.59 trillion [9] - The expectation of a potential interest rate cut by the Federal Reserve in December is anticipated to improve market sentiment and risk appetite [9]

Core Viewpoint - The article highlights the rapid and generous response of various companies and organizations in Hong Kong to the recent fire disaster in Tai Po, showcasing their social responsibility and commitment to aiding affected individuals and communities [3][14]. Group 1: Donations and Contributions - Total donations from various entities have reached several hundred million Hong Kong dollars, demonstrating a strong collective effort to support disaster relief [5]. - Alibaba Group contributed a total of 60 million HKD, including 30 million from the Ma Yun Public Welfare Foundation, 20 million from Alibaba Group, and 10 million from Ant Group [5]. - The Li Ka Shing Foundation pledged an immediate 30 million HKD, with an additional 50 million HKD planned for future support, totaling 80 million HKD [6]. - The Zijing Cultural Group donated 10 million HKD and provided educational materials worth 2 million HKD for nearly 700 affected students [7]. - Other notable contributions include 30 million HKD from the Ho Ying Tung family, 20 million HKD from Chow Tai Fook Group, and various donations from other companies totaling millions [8][9][10]. Group 2: Direct Services and Support - Companies like Baidu Maps and Gaode Maps provided real-time updates on road conditions, helping to facilitate safe navigation around the disaster area [11]. - SF Express opened 146 locations in Hong Kong for free transportation of relief supplies, effectively enhancing the logistics of aid delivery [11]. - Anta Group supplied 20 million HKD worth of cold-weather gear, addressing immediate needs for warmth among the affected population [12]. Group 3: Social Responsibility and Community Impact - The article emphasizes that while financial contributions are significant, the direct services provided by companies during the disaster are equally crucial, reflecting a strong sense of social responsibility [11][14]. - The collective actions of these companies during the crisis highlight their commitment to community welfare, transcending their usual business operations [14].