智通财经9月10日讯（编辑 冯轶）今日港股三大指数继续走强，均收获4连涨行情。截止收盘，恒生指数涨1.01%站上26000点大关，刷新阶段高位。国企指 数涨0.93%，恒生科技指数涨1.27%。 【科技板块及金融股领衔 恒指一举突破26000点关口】 盘面上，今日大型科技股持续上涨助力大市上扬，其中，京东涨3.6%，百度涨2.8%，美团涨2%，腾讯涨1%，阿里巴巴涨0.6%。 | 1 | 800700 | 恒生科技指数 | 5902.69 | +73.95 | +1.27% | | --- | --- | --- | --- | --- | --- | | 2 | 09626 | 哔哩哔哩-W | 198.900 | +14.000 | +7.57% | | 3 | 00992 | 联想集团 | 11.310 | +0.500 | +4.63% | | 4 | 09618 | 京东集团-SW | 132.100 | +4.600 | +3.61% | | 5 | 09888 | 百度集团-SW | 109.100 | +3.000 | +2.83% | | 6 | 099999 | 网易-S | 229.00 ...

Market Overview - US stock indices reached new closing highs, driven by rising expectations of interest rate cuts, with the Nasdaq China Golden Dragon Index increasing by 1.48% [1] - Hong Kong stocks also performed well, with the Hang Seng Index rising over 1% and stabilizing above the 26,000-point mark, led by strong performances from major tech companies like Tencent and Alibaba [1] Company Performance - Tencent and Alibaba both reached nearly four-year highs during intraday trading, indicating strong market sentiment [1] - Other notable performers included Kingsoft Cloud, which rose over 8%, and Bilibili, which increased by over 7% [1] Sector Analysis - The AI sector is showing strong revenue and profit growth, significantly impacting the advertising and cloud computing businesses of internet giants [5] - Tencent's advertising revenue continued to grow at 20%, while Alibaba Cloud's growth rate accelerated to 26% [5] - The introduction of AI applications is expected to further enhance growth opportunities for internet platforms [5] Investment Trends - The Hong Kong Internet ETF (513770) has shown strong performance, with a recent four-day increase and a daily trading volume exceeding 900 million yuan [2] - The ETF's underlying index has outperformed the Hang Seng Tech Index by over 10 percentage points, highlighting its strong growth potential [7] - The ETF has attracted significant capital inflow, with nearly 2.5 billion yuan in net inflows over the past 20 days [8] Economic Indicators - Recent data from the US Labor Statistics indicated a downward revision of 911,000 in non-farm employment growth, reinforcing market expectations for a Federal Reserve interest rate cut [4] - The probability of a 25 basis point rate cut in the upcoming Fed meeting is nearly 100%, with some investors betting on a 50 basis point cut [4] Fund Performance - The Hong Kong Internet ETF has surpassed 10 billion yuan in size, achieving a historical high, with an average daily trading volume of nearly 600 million yuan [10] - The top four holdings in the ETF include Xiaomi, Tencent, Alibaba, and Meituan, collectively accounting for 54.74% of the fund [6]

FF305 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00700 | 說明 | | | | | | | | 多櫃檯證券代號 | 80700 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年9月9日 | | 9,174,042,279 | | 0 | | | 9,174,042,279 | | 1). 就根據股份計劃授予參與人（發行人的董事除外）的股 ...

| 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 109.02 亿元 | +24.26 亿元 | | 泡泡玛特(09992) | 34.20 亿元 | -12.98 亿元 | | 中芯国际(00981) | 30.19 亿元 | +1.19 亿元 | | 腾讯控股(00700) | 28.96 亿元 | +2317.41 万元 | | 小米集团-W(01810) | 26.63 亿元 | -3.26 亿元 | | 美团-W(03690) | 24.60 亿元 | -2.91 亿元 | | 康方生物(09926) | 15.30 亿元 | -1.57 亿元 | | 金山云(03896) | 15.26 亿元 | -3.31 亿元 | | 中国海洋石油(00883) | 13.01 亿元 | +1.55 亿元 | | 国泰君安国际(01788) | 11.39 亿元 | +2567.24 万元 | 深港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988 ...

蓝筹股方面，腾讯控股涨1.04%，收报633.5港元；香港交易所涨1.37%，收报444.6港元；中国移动涨 0.35%，收报87.05港元；汇丰控股涨1.95%，收报104.4港元。 香港本地股方面，长实集团涨1.49%，收报38.1港元；新鸿基地产涨4.28%，收报97.5港元；恒基地产涨 2.37%，收报27.68港元。 中资金融股方面，中国银行涨2.06%，收报4.46港元；建设银行涨2.84%，收报7.97港元；工商银行涨 1.87%，收报6港元；中国平安涨0.69%，收报56.55港元；中国人寿涨1.85%，收报23.12港元。 【纠错】 【责任编辑:王佳宁】 新华社香港9月10日电 香港恒生指数10日涨262.13点，涨幅1.01%，收报26200.26点。全日主板成交 2882.09亿港元。 国企指数涨85.76点，收报9328.16点，涨幅0.93%。恒生科技指数涨73.95点，收报5902.69点，涨幅 1.27%。 石油石化股方面，中国石油化工股份涨0.95%，收报4.23港元；中国石油股份涨0.81%，收报7.45港元； 中国海洋石油涨0.2%，收报20.18港元。 ...

2025年9月9日，腾讯久久公益节（原腾讯99公益日，下称"久久公益节"）迎来了第11个年头。每年腾讯 99公益日活动，都会更新玩法和规则，但"配捐"这个让捐赠人兴奋、让公益机构"疯狂"的核心机制却从 未改变。 配捐机制的产生，似乎为公益组织突破传统筹款模式，拥抱互联网筹款加上了"助推器"，越来越多的捐 赠人也开始尝试更便捷的捐赠方式——"指尖公益"，轻点手机屏幕就可以做好事，此外，互联网工具让 更多公益项目变得透明、可溯源、可监督以及被看见。 然而，今年久久公益节，腾讯公益宣布取消短期配捐，转而推出涵盖全年、多达二十余项的"综合激 励"机制。相比以往在微信朋友圈和微信群刷屏的捐赠链接，今年久久公益节氛围似乎显得"冷静"了一 些。 当腾讯久久公益节配捐机制取消后，不仅抛给公益机构一个灵魂拷问：失去了最大的刺激，捐款还能从 哪来？也向公众提出了一个更深刻的问题：培养了11年的互联网捐赠习惯，是建立在"占便宜"的冲动 上，还是真正的善意之上？ 没了配捐，我们还捐吗？ 就此，《华夏时报》记者采访了多位来自不同领域的公益人，探讨11年以来公益机构在久久公益节期间 的变化与成长。 "对机构影响挺大的" 2015年9月， ...

Group 1: Fund Manager Background - All billion active equity fund managers possess a master's degree or higher, with 73 holding a master's and 11 holding a doctorate [1] - The average tenure of billion active equity fund managers is 9.41 years, with notable tenures including Liu Yanchun (16.37 years) and Zhu Shaoxing (19.83 years) [1] - Major fund companies with a significant number of billion active equity fund managers include GF Fund, E Fund, and China Universal Fund, with 9, 7, and 7 managers respectively [1] Group 2: Fund Management Scale Changes - In the first half of 2025, 44 billion active equity fund managers saw an increase in management scale, while 40 experienced a decline due to net value fluctuations and investor redemptions [5] - Notable increases in management scale were observed for Xie Zhiyu (1.71 billion), Chen Hao (0.769 billion), and Liu Xu (6.892 billion), while Liu Yanchun's scale decreased by 6.297 billion [6] - Among the top ten fund managers by total scale, Zhang Kun's management scale is over 50 billion [6][7] Group 3: Investment Focus and Holdings - The top three heavily invested sectors by billion fund managers include electronics, power equipment, and biomedicine, aligning with strong performance in semiconductor electronics and innovative pharmaceuticals [12] - Notable fund managers and their top sectors include Ge Lan (biomedicine, electronics, banking) and Liu Yanchun (food and beverage, biomedicine, agriculture) [12][14] - The top ten holdings among billion fund managers include Tencent Holdings, Ningde Times, and Midea Group, with significant positions in high-quality companies with clear competitive advantages [19][20]

Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, with a total net buy of HKD 75.66 billion on September 10, 2023, indicating strong investor interest in certain stocks [1]. Group 1: Stock Performance - Alibaba-W (09988) received the highest net buy of HKD 45.11 billion, driven by the launch of its "Gaode Street Ranking" and a support plan for offline businesses [4]. - Bilibili-W (09626) saw a net buy of HKD 3.62 billion, with the announcement of its new game "Three Kingdoms Hundred Generals Card" expected to attract significant daily active users [5]. - Xiaomi Group-W (01810) faced a net sell of HKD 4.4 billion due to internal issues related to a senior employee's misconduct [7]. Group 2: Other Notable Stocks - Meituan-W (03690) and Semiconductor Manufacturing International Corporation (00981) also experienced notable trading activity, with net buys of HKD 1.77 billion and HKD 1.61 billion respectively [7][5]. - The overall trading volume for Alibaba-W was HKD 109.02 billion, with a net inflow of HKD 24.26 billion [2]. - Tencent (00700) had a net sell of HKD 710.9 million, reflecting a decline in investor confidence [7]. Group 3: Market Trends - Northbound trading from the Shanghai and Shenzhen stock exchanges contributed significantly to the overall market activity, with net buys of HKD 25.36 billion and HKD 50.3 billion respectively [1]. - The market is showing a trend of increased interest in technology and gaming stocks, as evidenced by the performance of Alibaba and Bilibili [4][5].

证 券 研 究 报 告 游戏音乐潮玩高景气，AI带动互联网云加速 传媒互联网25H1中报总结 证券分析师：林起贤 A0230519060002 袁伟嘉 A0230519080013 任梦妮 A0230521100005 夏嘉励 A0230522090001 赵航 A0230522100002 研究支持：黄俊儒 A0230525070008 张淇元 A0230124080001 联系人：林起贤 A0230519060002 2025.09.10 A股传媒：游戏最为亮眼，其余子行业平淡 www.swsresearch.com 2 ◼ 港股互联网：泛娱乐和健康收入利润均亮眼，即时零售竞争影响业绩，A股传媒：游戏最为亮眼，其余子行业平淡。港股：泛娱 乐消费（游戏、音乐、演唱会）、互联网医疗和潮玩持续高景气，云计算收入加速；即时零售竞争加剧拖累交易平台利润。SW 传媒25Q2收入同比+2.6%，归母净利同比+19.7%，游戏营收同比+22.4%，连续5个季度收入增长加速，利润率为23Q2以来最 好水平。 ◼ 悦己消费：游戏、音乐、潮玩IP谷子高景气，长视频触底。（1）游戏：25H1手游市场规模yoy+16%，端游规模y ...

9月10日，港股三大指数继续走强，均录得4连涨行情，皆刷新阶段新高位。截止收盘，恒生指数涨 1.01%站上26000点大关，国企指数涨0.93%，恒生科技指数涨1.27%亦站上9200点上方。 | 名称 | | 最新价 | 涨跌额 | 涨跌幅 | | --- | --- | --- | --- | --- | | 恒生指数 | | 26200.26 | +262.13 | +1.01% | | 800000 | | | | | | 国企指数 | | 9328.16 | +85.76 | +0.93% | | 800100 | | | | | | 恒生科技指数 | my 3 | 5902.69 | +73.95 | +1.27% | | 800700 | | | | GDEC | 盘面上，作为市场风向标的大型科技股持续上涨助力大市上扬，京东涨3.6%，百度涨2.8%，美团涨 2%，腾讯涨1%，阿里巴巴涨0.6%4连升，创近4年新高；大金融股普遍上涨，内银股涨幅相对明显，农 业银行涨3.5%，建设银行涨2.84%；半导体芯片股全天表现活跃，龙头中芯国际涨3.6%，脑机接口概念 股、影视娱乐股、濠赌股、内房股、苹果 ...