Core Viewpoint - The launch of Huawei Mate XTs "Extraordinary Master" folding phone signifies a strategic collaboration with three leading companies: Wind, Tencent, and Feishu, highlighting the development of a comprehensive smart interconnectivity ecosystem based on HarmonyOS [1][3]. Group 1: Strategic Partnerships - The inclusion of Tencent represents immersive experiences in entertainment and social interaction [3]. - Feishu symbolizes new productivity in enterprise office and collaboration [3]. - Wind opens up possibilities for professional-grade industry applications, covering the entire user journey in work, life, and investment [3]. Group 2: Wind's Role - Wind's participation is particularly notable as it compresses a complete PC-level financial terminal into a mobile device, addressing the complex needs of financial professionals [4][10]. - The Mate XTs features a 10.2-inch display that allows users to access vast amounts of global data seamlessly [6]. - Multi-tasking capabilities enable users to view financial reports on one screen while accessing databases and market sentiment on another [7]. Group 3: AI Integration - Wind is revolutionizing the work of financial professionals with AI Agents that provide 24/7 assistance [11]. - The AI Briefing Agent delivers global market updates and stock alerts every morning [11]. - The Investment Morning Report Agent monitors global markets overnight and presents results at dawn [11]. Group 4: Future Vision - The collaboration of these three companies at the launch not only supports the Mate XTs but also points towards a future of cross-industry and cross-scenario smart interconnectivity [12]. - For Huawei, this initiative represents both a product and a strategic direction, while for Wind, it is an opportunity to showcase its capabilities [12]. - Users can expect smart devices to evolve from mere tools to integral ecological partners in their daily lives [12]. Group 5: Industry Impact - The Mate XTs folding phone is perceived as a new possibility for financial professionals, investors, and office workers [13]. - Wind's technology allows financial tasks to be performed on-the-go, effectively putting a PC in the user's pocket [13]. - Tencent enhances the immersive experience for entertainment, while Feishu facilitates efficient collaboration across different scenarios [13].

Market Overview - The three major US stock indices rose on Thursday, with the Hang Seng Index ADR closing at 25081.21 points, up by 22.7 points or 0.09% compared to the Hong Kong closing [1]. Hang Seng Index ADR Details - The Hang Seng Index ADR reached a high of 25118.93 and a low of 24962.82, with an average price of 25040.88. The trading volume was 61.52 million [2]. Major Blue-Chip Stocks Performance - HSBC Holdings closed at 101.543 HKD, up by 1.95% compared to the Hong Kong closing. Tencent Holdings closed at 594.469 HKD, up by 0.33% [3]. - Other notable performances include Alibaba, which closed down by 3.21%, and Xiaomi, which decreased by 2.29% [4].

在华为 Mate XTs「非凡大师」三折叠的发布现场，除了硬件科技的惊艳，全场更令人侧目的，是台上三家同台亮相的企业。 Wind —— 全球金融数据服务的领军者； 腾讯 —— 游戏行业的绝对龙头； 飞书 —— 企业社交协作的标杆代表。 这是华为在全球范围内仅邀请的三家战略伙伴。金融、娱乐、协作三大核心场景顶流齐聚，不仅为新品赋能真实应用，更向外界释放一个信号：鸿蒙生 态，正在构建全场景智慧互联。 一、为什么是这三家？ 折叠屏并非新鲜事物，但"为什么要折叠"一直缺乏杀手级答案。华为这一次给出了更高维度的解法： • 腾讯的加入，代表了 娱乐与社交 的沉浸体验； • 飞书的加入，代表了 企业办公与协作 的新生产力； • Wind 的加入，则打开了 专业级行业应用 的想象空间。 | D C D E | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 酸票 开始 | 债券 商品 | 外汇 基金 | 指数 | | 衍生品 资管 ...

Core Insights - Tencent's "Penguin Island" has completed 30% of its construction and will enter trial operation in October 2023 [1] - The project is a pioneering example of mixed-use land reform in China, integrating industry and urban living [3][15] - The park is designed to accommodate over 80,000 people, featuring a blend of research, office, living, and cultural spaces [3] Urban Design and Infrastructure - The central green spine is a key design feature, promoting a seamless urban experience [5][7] - The park will include social spaces such as open-air theaters and rooftop gardens, interconnected by a barrier-free design [7] - An integrated transportation system is planned to ensure efficient connectivity within and outside the park [12] Educational and Medical Facilities - A K15 international school has begun enrollment, with 88% of its founding team holding advanced degrees [14] - Medical resources, including the expansion of a tertiary hospital and community health centers, are being developed to create a "15-minute living circle" [14] Economic Impact and Future Prospects - The project is expected to attract significant talent and generate a digital industry cluster worth hundreds of billions by 2026 [14][15] - The demand for housing is projected to exceed 20,000 units due to Tencent employees and related industries, potentially driving up local rents and property prices [14] - The total investment in "Penguin Island" is estimated at 31.9 billion, with a total construction area of 3 million square meters [15]

Group 1 - The core viewpoint of the article highlights the performance and outlook of the HSBC Jintrust Hong Kong Stock Connect Selected Fund (006781), which reported a profit of 12.09 million yuan for the first half of 2025, with a weighted average profit per fund share of 0.1802 yuan and a net asset value growth rate of 23.73% [2] - As of September 3, 2025, the fund's unit net value was 1.149 yuan, and the fund manager is Xu Tingquan [2] - The fund's scale reached 61.259 million yuan by the end of the first half of 2025 [31] Group 2 - The fund's recent performance shows a three-month net value growth rate of 28.34%, a six-month growth rate of 37.30%, and a one-year growth rate of 85.25%, ranking it 10th among 110 comparable funds [6] - The fund's weighted average price-to-earnings ratio (TTM) is approximately 9.81 times, significantly lower than the industry average of 28.84 times, indicating a potential undervaluation [10] - The fund's weighted average revenue growth rate (TTM) for the first half of 2025 is 0.13%, and the weighted average net profit growth rate (TTM) is 0.16% [18] Group 3 - The fund's top ten holdings include major companies such as Tencent Holdings, China Biologic Products, and Alibaba Group, reflecting a diversified investment strategy [41] - The fund has maintained a high average stock position of 90.75% over the past three years, compared to the industry average of 88.09% [29] - The fund's recent six-month turnover rate is approximately 106.27%, which is consistently lower than the industry average [38]

Core Viewpoint - The "Seeking Beauty in China Good Deeds Continuous" content creator program has been launched to encourage content creators across various platforms to focus on public welfare and charity topics, aiming to produce high-quality charitable content [1][3]. Group 1: Program Launch and Objectives - The program is open to content creators on platforms such as Douyin, WeChat Video, Kuaishou, Weibo, Bilibili, and others, promoting the recording and sharing of local charitable stories [1]. - The initiative aims to amplify small acts of kindness and ensure they are recognized and sustained [1]. Group 2: Impact and Participation - The "Seeking Beauty in China" campaign has reached all 31 provinces in China and has generated over 113.5 billion views online, showcasing the significant engagement in charitable activities [3]. - During the 2024 "Jiujiu Public Welfare Festival," 32,500 creators produced 219,000 charitable videos, achieving a total view count of 3.95 billion and 64.76 million likes [3]. Group 3: Support from Platforms - Major platforms like Tencent, Kuaishou, and Weibo are set to release plans for supporting charitable content through increased traffic and resources [4][6]. - The 2025 "Jiujiu Public Welfare Festival" will shift from a donation-centric model to a more diverse public welfare action approach, providing richer scenarios for content creators [6]. Group 4: Collaboration and Resources - A collaborative effort among various platforms will establish a "creator public welfare material library" to provide essential resources for content creators [6]. - The "Seeking Beauty in China Good Deeds Continuous" program is seen as a practical implementation of the "Good Deeds Spread Thousands of Miles" initiative, emphasizing its innovative approach to charity communication [7].

Group 1 - The Hang Seng Index fell by 1.12% on September 4, closing at 25,058.51 points, with a net inflow of 706 million HKD through the southbound trading channel [1] - The total trading volume for the southbound trading on September 4 was 1,470.86 billion HKD, with a net buy of 706 million HKD [1] - In the Shanghai-Hong Kong Stock Connect, the trading volume was 901.45 billion HKD with a net buy of 1.386 billion HKD, while the Shenzhen-Hong Kong Stock Connect had a trading volume of 569.41 billion HKD with a net sell of 680 million HKD [1] Group 2 - In the top ten active stocks for the Shanghai-Hong Kong Stock Connect, Alibaba-W had the highest trading amount of 76.76 billion HKD, followed by SMIC and Tencent with trading amounts of 62.84 billion HKD and 23.72 billion HKD respectively [1] - For net buy and sell statistics, UBTECH had the highest net buy of 57.7 million HKD, while Hua Hong Semiconductor had the highest net sell of 376 million HKD [1] - In the Shenzhen-Hong Kong Stock Connect, Alibaba-W also led with a trading amount of 43.82 billion HKD, followed by SMIC and Tencent with 36.73 billion HKD and 26.07 billion HKD respectively [2] - Xiaomi Group-W recorded the highest net buy of 55.7 million HKD, while SMIC had the highest net sell of 1.279 billion HKD [2]

Market Overview - On September 4, the Hang Seng Index fell by 1.12%, with total southbound trading amounting to HKD 1,470.86 billion, including buy transactions of HKD 738.96 billion and sell transactions of HKD 731.90 billion, resulting in a net buying amount of HKD 7.06 billion [1] Southbound Trading Details - Southbound trading through the Stock Connect (Shenzhen) recorded a total trading amount of HKD 569.41 billion, with buy transactions of HKD 281.30 billion and sell transactions of HKD 288.11 billion, leading to a net selling amount of HKD 6.80 billion [1] - Southbound trading through the Stock Connect (Shanghai) had a total trading amount of HKD 901.45 billion, with buy transactions of HKD 457.66 billion and sell transactions of HKD 443.79 billion, resulting in a net buying amount of HKD 13.86 billion [1] Active Stocks - The most actively traded stock by southbound funds was Alibaba-W, with a total trading amount of HKD 120.58 billion, followed by SMIC and Tencent Holdings with trading amounts of HKD 99.57 billion and HKD 49.79 billion, respectively [1] - In terms of net buying, the top stocks included UBTECH with a net buying amount of HKD 8.28 billion, Xiaomi Group-W with HKD 7.03 billion, and Alibaba-W with HKD 5.50 billion [1] - The stock with the highest net selling was SMIC, with a net selling amount of HKD 11.58 billion, followed by Hua Hong Semiconductor and Kuaishou-W with net selling amounts of HKD 6.88 billion and HKD 5.41 billion, respectively [1] Continuous Net Buying and Selling - Two stocks, Alibaba-W and Yangtze Optical Fibre and Cable, experienced continuous net buying for more than three days, with Alibaba-W having a total net buying amount of HKD 173.78 billion over ten days [2] - The stocks with the highest continuous net selling were SMIC and Hua Hong Semiconductor, with total net selling amounts of HKD 23.06 billion and HKD 21.09 billion, respectively [2]

Core Viewpoint - The collaboration between Huawei and three strategic partners—Wind, Tencent, and Feishu—highlights the development of a comprehensive smart interconnectivity ecosystem, emphasizing the integration of finance, entertainment, and collaboration in the future of technology [3][17]. Group 1: Strategic Partnerships - Huawei's choice of Wind, Tencent, and Feishu as partners represents the pinnacle of their respective fields: finance, entertainment, and office collaboration [3][17]. - The presence of these companies at the launch signifies a commitment to creating a cross-industry, cross-scenario smart interconnectivity ecosystem, moving beyond just mobile devices [17]. Group 2: Wind's Role in Finance - Wind's integration with Huawei Mate XTs allows for a complete PC-level financial terminal experience within a mobile device, catering to the complex and high-frequency needs of finance professionals [8][19]. - The device features a 10.2-inch display for browsing vast amounts of data, multi-tasking capabilities for simultaneous tasks, and instant data generation through the Alice series, enhancing productivity [9][10]. Group 3: AI Agent Revolution - Wind is introducing AI Agents that transform the work processes of finance professionals, acting as personal research assistants and report generators available 24/7 [12][14]. - The future is envisioned as an era dominated by these Agents, with each finance professional potentially utilizing multiple Wind Agents for various tasks [15]. Group 4: Cross-Industry Innovation - The collaboration aims to enhance user experiences across different sectors: Wind makes finance portable, Tencent elevates immersive entertainment experiences, and Feishu facilitates efficient cross-scenario collaboration [19]. - The launch of the Mate XTs is positioned not just as a technological advancement but as a strategic move towards a future where smart devices serve as ecological partners rather than mere tools [17][19].

Group 1 - Tencent Holdings announced a share repurchase of 5.506 billion HKD for 925,000 shares on September 4, 2025 [1] - On the same date, 401,600 shares were issued due to the exercise of stock options [1]