12月16日，胡润研究院在深圳市福田区发布《2025胡润全球高质量企业TOP1000》。这是胡润研究院第二次发布该 榜单。 据悉，本次榜单主要以企业市值或估值为依据，并综合考量创新能力、可持续发展、社会责任、市场影响力等多维 度指标，旨在甄选出全球价值最高的企业。上市公司市值按照2025年11月14日的收盘价计算，非上市公司估值参照 同行业上市公司或最新一轮融资情况进行估算。 数据显示，79%的胡润全球1000强企业价值比去年有所提升，其中171家是新面孔，只有21%的企业价值出现下降。 上榜门槛从去年的1400亿元人民币上升至1800亿元人民币，上榜企业的总价值高达785万亿元人民币。 英伟达成为全球价值最高公司 2025年胡润全球高质量企业前十名由美国科技巨头主导，其中英伟达、苹果、微软、Alphabet、亚马逊、博通、 Meta Platforms、特斯拉来自美国，沙特阿拉伯上榜的企业有沙特阿美，中国上榜的企业有台积电。 | | 前十名 | | | | | | --- | --- | --- | --- | --- | --- | | 排名 | 公司 | 价值(亿元人民币) | 涨幅 | 主要行业 | ...

中国能源建设(03996.HK)：投资建设的中能建松原氢能产业园(绿色氢氨醇一体化)项目一期工程正式投产运行。 中煤能源(01898.HK)：前11月商品煤销量为约2.34亿吨，同比减少8.7%。11月煤销量为2174万吨，同比减少15.7%。 中国太保(02601.HK)：前11月，太平洋人寿累计原保险保费收入为人民币2503.22亿元，同比增长9.4%，太平洋财险累计原保险保费收入为人民币1876.82亿 元，同比增长0.3%。 中国铁建(01186.HK)：拟发行不超过40亿元可续期公司债券。 智通财经12月16日讯（编辑 冯轶）智通财经为您带来今日港股重要公告 2）回购动态 1）公司要闻 翰森制药(03692.HK)：与GLENMARK就阿美替尼订立许可协议。 公告称，根据协议将获得首付款和后续可能累计超过十亿美元的监管和商业里程碑付款，以及授权区域内净销售额的分级特许权使用费。 越秀地产(00123.HK)：获授5亿港元的定期贷款融资。 腾讯控股(00700.HK)：斥资约6.36亿港元回购106.7万股，回购价592.5-602.5港元。 小米集团-W(01810.HK)：斥资2.94亿港元回购7 ...

记者今天了解到，市场监管总局缺陷产品召回技术中心发布了《网络销售消费品安全与召回共治承诺监 测评估指南》，按照"网络销售消费品安全与召回共治承诺"的内容，针对网络交易平台承诺实施情况设 置了监测指标。 四是平台是否加强对缺陷消费品召回处置情况的跟踪，阻断缺陷消费品重新上架。 五是对明知消费品存在缺陷而继续在网络交易平台上销售的，或者将尚未消除缺陷的消费品重新上架的 平台内经营者，网络交易平台是否依据平台规则采取必要的管理措施。 目前淘天、美团、京东、小红书、腾讯、快手、抖音、得物、唯品会9家网络交易平台企业签署了《网 络销售消费品安全与召回共治承诺书》。后续市场监管部门将逐步扩大参与承诺的网络交易平台数量， 并委托相关技术支撑机构对承诺实施情况开展监测，适时发布监测结果。对未实际履行承诺交易平台， 市场监管部门将督促其履行承诺，对违法行为予以查处，对情节严重的向社会曝光。 （文章来源：央视新闻） 一是网络交易平台是否发挥数据和资源优势，建立缺陷消费品信息监测与共享机制，持续开展信息监测 和风险研判，将涉及人身伤害相关投诉举报信息实时向市场监管部门、相关平台内经营者共享。 二是网络交易平台收到市场监管部门推送的 ...

"还真的挺有意思的。"近日，浙江省中医院开出全国首张游戏化认知训练电子处方后，59岁的轻度认知障碍患者丁阿姨在康复医学科医生韩思捷的指导 下，通过"腾讯脑力锻炼"认知功能训练软件，完成了一次非药物认知训练。"真没想到我的康复训练是'玩游戏'。"丁阿姨在结束认知训练后表示，"这与我想 象中的康复治疗完全不一样。" 作为腾讯首款数字疗法软件，"腾讯脑力锻炼"遵循循证医学原则开发，可以帮助轻度认知障碍患者有效改善认知能力。今年5月，产品获批广东省药品 监督管理局颁发的医疗器械注册证，而随着首张电子处方的开出，"腾讯脑力锻炼"认知功能训练软件已正式进入临床。 腾讯基于多年的技术沉淀，及在老年认知障碍防治方面的长期调研和实践，筹备三年打造"腾讯脑力锻炼"，结合游戏的声音、图像、互动玩法、激励机 制等设计，创新采用单个训练模块对应多项认知域的设计方法，帮助患者进行知觉运动、执行功能、复杂的注意、语言、学习与记忆和社会认知等六大认知 域训练。 有别于传统认知训练多采用重复、单调的任务设计，患者易产生厌倦情绪，难以坚持，"腾讯脑力锻炼"通过游戏化设计，将认知训练嵌入生活化场景。 软件内包含"厨艺大赛""音乐大赛""收纳大师" ...

| 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 71.36 亿元 | -10.12 亿元 | | 腾讯控股(00700) | 23.41 亿元 | +6.30 亿元 | | 小米集团-W(01810) | 19.99 亿元 | +1.75 亿元 | | 中芯国际(00981) | 19.01 亿元 | -2.57 亿元 | | 中国海洋石油(00883) | 13.21 亿元 | -5.49 亿元 | | 中国移动(00941) | 11.70 亿元 | -3.08 亿元 | | 小鹏汽车-W(09868) | 9.00 亿元 | +2.25 亿元 | | 中国人寿(02628) | 7.87 亿元 | -1.23 亿元 | | 南方恒生科技(03033) | 6.53 亿元 | +264.63 万元 | | 中国石油股份(00857) | 6.50 亿元 | -3.31 亿元 | 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) | 4 ...

回购日期回购均价回购股数回购金额本年累计回购股数2025-12-16595.745106.70万6.36亿1.44亿2025-12- 15604.939105.10万6.36亿1.43亿2025-12-12609.025104.40万6.36亿1.42亿2025-12-11603.358105.40万6.36 亿1.41亿2025-12-10599.539106.00万6.36亿1.40亿2025-12-09601.956105.60万6.36亿1.39亿2025-12- 08606.101104.90万6.36亿1.38亿2025-12-05608.025104.60万6.36亿1.37亿2025-12-04608.920104.40万6.36 亿1.36亿2025-12-03611.178104.00万6.36亿1.34亿2025-12-02618.595102.80万6.36亿1.33亿2025-12- 01618.010102.90万6.36亿1.32亿2025-11-28611.751103.90万6.36亿1.31亿2025-11-27613.594103.60万6.36亿 1.30亿2025-1 ...

Group 1: Market Overview - Northbound trading recorded a net purchase of HKD 0.82 billion, with a net sell of HKD 11.06 billion on the Shanghai Stock Connect and a net buy of HKD 11.88 billion on the Shenzhen Stock Connect [1] - The most net bought stocks included Xiaomi Group-W (01810), Xpeng Motors-W (09868), and Tencent (00700), while the most net sold stocks were Alibaba-W (09988), China Mobile (00941), and SMIC (00981) [1] Group 2: Company-Specific Developments - Xiaomi Group-W (01810) saw a net buy of HKD 6.33 billion following the completion of its first major home appliance factory in Wuhan, marking a significant milestone in its smart home strategy [3] - Xpeng Motors-W (09868) received a net buy of HKD 3.45 million after obtaining an L3 autonomous driving road test license in Guangzhou, initiating regular L3 road tests [3] - Tencent (00700) and Meituan-W (03690) had net buys of HKD 1.95 billion and HKD 1.77 billion, respectively, while Alibaba-W (09988) faced a net sell of HKD 6.31 billion amid market speculation regarding tax recognition for high-tech companies [3] Group 3: Sector Performance - Longi Green Energy (06869) experienced a net sell of HKD 1.02 billion, influenced by market sentiment regarding Oracle's delayed OpenAI data center project, despite Oracle's clarification that the project will proceed as planned [4] - Oil stocks faced significant selling pressure, with CNOOC (00883) and PetroChina (00857) seeing net sells of HKD 3.32 billion and HKD 3.3 billion, respectively, as market speculation arose about potential changes in oil supply following discussions on the Russia-Ukraine conflict [4] - SMIC (00981) recorded a net sell of HKD 4.59 billion, with implications from the U.S. allowing NVIDIA to export AI chips to approved customers, potentially impacting domestic AI chip manufacturers [4]

Core Insights - The Pearl River Delta (PRD) is a leading area for China's reform and opening-up, showcasing top global manufacturing, technological innovation, and industrial clusters [1] - The visit focuses on four key areas: smart manufacturing, digital economy, green energy, and cross-border e-commerce, aiming to help participants gain insights into industry trends and connect with quality resources [1] Group 1: Benchmark Enterprises - The PRD is home to several benchmark enterprises, including Huawei, Tencent, BYD, and DJI, which are among the world's top 500 companies [3] - Participants will learn about strategic layouts, technological breakthroughs, and ecosystem construction from these leading companies, including Huawei's "1+N" strategy and Tencent's industrial internet transformation [3] Group 2: Advanced Technologies - Research and development investments are significant, with Huawei's annual R&D expenditure exceeding 100 billion yuan, making it a leader in global patent numbers [5] - Key technological methodologies include BYD's innovative materials for blade batteries and the collaborative model between industry and academia exemplified by Dongguan Songshan Lake Material Laboratory [5] Group 3: Knowledge System Upgrade - The visit provides a comprehensive understanding of strategic frameworks and management methodologies from leading companies, covering areas such as strategic planning, technology development, and global expansion [6] - This approach helps avoid the limitations of fragmented learning, enabling participants to build a complete cognitive system from macro trends to micro implementations [6] Group 4: Practical Experience - The visit emphasizes actionable solutions, such as Midea's "T+3" flexible production model, which can reduce delivery cycles by 30%, and OPPO's AI visual inspection technology, which can improve yield rates by 20% [8] - Participants will receive internal training materials and tools from leading companies, facilitating the rapid transformation of benchmark experiences into productivity [8] Group 5: Brand Influence - Participating companies will receive the "Pearl River Delta Benchmark Enterprise Learning Base" certification, enhancing their brand credibility and market competitiveness [9] - The visit serves as an accelerator for corporate upgrades, helping participants seize opportunities in the PRD economic wave for leapfrog development [9] Group 6: Resource Networking - The event creates a three-dimensional resource platform connecting government, capital, and industry chains, allowing participants to engage with local investment and technology agencies [10] - Post-visit, participants can join the "Pearl River Delta Enterprise Alumni Association" to continue receiving industry updates and invitations to internal sharing sessions, fostering a long-term value network [10]

纵观全球，在AI领域能提的上一个"好"字的，只有中国和美国，其他国家的AI要么只是个"新建文件 夹"，要么就是徒有其名，实则难堪大用。 为什么会出现这样的情况，中国和美国有什么魔力能够给AI发展提供土壤？ 这个问题，主要取决于中美两国的经济模式，进而影响了投资方式。 01美国"市场先声，政府补位" 要谈美国的AI领先，就不得不提美国的风投资本生态。 美国早期的资本生态以风险投资为核心，其国民特性也崇尚冒险，资本想要寻找新蓝海，总是喜欢听新 的故事，创新就成为了那些资本们投资时最喜欢追求的东西。 这种国民特性起源于他们短短的历史中早期资本积累的经验，热衷冒险的感觉就像早期殖民美洲时的淘 金热。 一切都要看投资人在众多离谱故事中，是否能够通过自身的能力找到真的"金子"。 即便他们后来建立了美国，也依然过度地强调自由，甚至极端厌恶政府的干涉，美国大批的"无政府主 义者"也脱胎于这样的社会文化。 因此，AI的出现以及天马行空的想象，是最吸引美国投资者的，而这种冒险的行为，恰恰也是推动社 会进步、迈向全新领域必不可缺的核心特质。 换而言之，热衷风投会给美国的创新研发带来很大的容错空间。 这种容错性恰恰也是AI的高投入所 ...

Group 1 - Southbound funds net bought Hong Kong stocks worth 82.029 million HKD today [1] - Notable net purchases included Xiaomi Group-W at 633 million, Xpeng Motors-W at 345 million, Tencent Holdings at 197 million, and Meituan-W at 177 million [1] - Significant net sales were observed for Alibaba-W at 631 million, China Mobile at 460 million, SMIC at 459 million, CNOOC at 332 million, and PetroChina at 330 million [1] Group 2 - Southbound funds have net bought Xiaomi for 13 consecutive days, totaling 12.78378 billion HKD [1] - Meituan has seen net purchases for 5 consecutive days, amounting to 4.80742 billion HKD [1] - SMIC has experienced net sales for 6 consecutive days, totaling 2.44528 billion HKD [1] - CNOOC has faced net sales for 4 consecutive days, amounting to 1.73379 billion HKD [1]