Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has successfully implemented its first offshore carbon capture, utilization, and storage (CCUS) project at the Enping 15-1 oil field, achieving a milestone of over 100 million cubic meters of carbon dioxide (CO2) stored, equivalent to the carbon offset of planting 2.2 million trees, showcasing the maturity of China's offshore CO2 storage technology and capabilities [6][9][15] Group 1: Project Overview - The Enping 15-1 oil field is China's first high CO2 content oil field located in the South China Sea, where CO2 is typically released during oil extraction, contributing to environmental concerns [7][8] - The CCUS project at Enping 15-1 was launched in May 2023, marking a significant step in China's efforts to accelerate offshore CO2 storage and utilization [8][12] - The project aims to achieve dual objectives: CO2 storage and enhanced oil recovery, with a projected CO2 injection of over 1 million tons and an increase in oil production by 200,000 tons over the next decade [9][15] Group 2: Technical Details - The CCUS process involves capturing CO2 from oil and gas production, purifying, compressing, and injecting it into geological formations for long-term storage [8][10] - The project utilizes a complete set of domestically developed equipment with a 100% localization rate, ensuring efficient operation and monitoring of CO2 injection [12][14] - Advanced technologies, including real-time monitoring systems and intelligent gas injection techniques, have been implemented to optimize CO2 injection and enhance oil recovery [12][11] Group 3: Industry Implications - The successful implementation of the Enping 15-1 project is expected to serve as a replicable model for green and low-carbon development in offshore oil and gas fields across China [9][12] - China's offshore CCUS industry is poised for growth, with significant potential for CO2 geological storage estimated at 25.8 billion tons, providing a robust foundation for large-scale applications [14][15] - CNOOC is also developing a comprehensive offshore CCUS industrial chain, including a major carbon capture and storage project in Guangdong, aimed at enhancing oil recovery and contributing to national carbon neutrality goals [15]

Core Viewpoint - The Hong Kong stock market experienced a strong rally, with the Hang Seng Index closing up by 2.42%, driven primarily by gains in technology and oil sectors [1][3]. Group 1: Market Performance - The Hang Seng Technology Index opened significantly higher and saw a peak increase of 3.9% during the day, ultimately closing up by 3% [3]. - Notable performers in the technology sector included NetEase, which surged by 5.18%, and Alibaba, which rose by 4.86%. Over ten stocks, including JD Health, SMIC, Baidu, NIO, and Tencent, recorded gains exceeding 3% [3]. - The oil sector also showed strong performance, with the index closing up by 2.54%. China Petroleum led the gains with a rise of 5.05%, followed by China National Offshore Oil Corporation (CNOOC) at 2.31%, and Sinopec at 1.49% [3]. Group 2: Weak Sectors - The real estate and banking sectors underperformed, with the real estate index closing up by only 0.62% and the banking index by 1.04%. Both sectors experienced a rebound after initial declines but could not maintain momentum [3]. - Specific companies in the real estate sector, such as Longfor Group and Jianfa International Group, saw declines of 1.63% and 1.61%, respectively. In the banking sector, Chongqing Rural Commercial Bank fell by 1.51% [3].

Core Points - China National Offshore Oil Corporation (CNOOC) announced the resignation of Mr. Zhou Xinhai as Executive Director, Vice Chairman, and CEO, effective October 20, 2025 [1][2] - The board approved the resignation with a unanimous vote of 8 in favor, with no opposition or abstentions, and Mr. Zhou did not participate in the voting [1] - Mr. Zhou confirmed that there are no disagreements with the board and no matters related to his resignation that need to be brought to the attention of shareholders or stock exchanges [1] Summary by Sections - **Resignation Announcement** - Mr. Zhou Xinhai will resign from his positions as Executive Director, Vice Chairman, and CEO of CNOOC effective October 20, 2025 [1] - He will also cease to be a member of the Strategy and Sustainable Development Committee from the same date [1] - **Board Decision** - The board of directors passed a written resolution regarding Mr. Zhou's resignation with a vote of 8 in favor, 0 against, and 0 abstentions [1] - **Confirmation of No Disagreements** - Mr. Zhou has confirmed that there are no disagreements with the board and no issues related to his resignation that need to be disclosed to shareholders or stock exchanges [1]

Core Viewpoint - On October 20, China Life made its first appearance on the Hong Kong Stock Connect active trading list in nearly a month, with a trading volume of 10.41 billion HKD and a net buying amount of 1.37 billion HKD, closing up 2.44% [1] Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect on October 20 was 369.37 billion HKD, accounting for 33.62% of the day's total trading amount, with a net selling amount of 21.97 billion HKD [1] - Alibaba-W led the trading volume with 96.98 billion HKD, followed by SMIC and Tencent Holdings with trading amounts of 53.97 billion HKD and 44.91 billion HKD, respectively [1] Frequent Trading Stocks - The stocks that appeared most frequently on the active trading list over the past month were Alibaba-W and Huahong Semiconductor, each appearing 15 times, indicating strong interest from Hong Kong Stock Connect funds [1] - China Life's recent appearance marks its first in nearly a month, highlighting a potential shift in investor interest [1] Individual Stock Performance - Tencent Holdings had a trading amount of 44.91 billion HKD with a net buying amount of 0.97 billion HKD, closing up 3.21% [1] - SMIC recorded a trading amount of 53.97 billion HKD with a net selling amount of 3.25 billion HKD, closing up 3.91% [1] - Alibaba-W had a significant trading amount of 96.98 billion HKD but faced a net selling amount of 17.54 billion HKD, closing up 4.86% [1] - China Life's trading amount was 10.41 billion HKD with a net buying amount of 1.37 billion HKD, closing at 23.520 HKD, up 2.44% [1]

Group 1 - The Hang Seng Index rose by 2.42% to close at 25,858.83 points on October 20, with a total net sell of 2.67 billion HKD through the southbound trading channel [1] - The total trading volume for the southbound trading on October 20 was 109.87 billion HKD, with a net sell of 2.67 billion HKD [1] - The Shanghai Stock Exchange's southbound trading had a total trading volume of 66.81 billion HKD, resulting in a net sell of 2.29 billion HKD, while the Shenzhen Stock Exchange's southbound trading had a volume of 43.05 billion HKD with a net sell of 0.38 billion HKD [1] Group 2 - In the top ten active stocks for the Shanghai Stock Exchange's southbound trading, Alibaba-W had the highest trading volume at 5.79 billion HKD, followed by SMIC and Tencent Holdings with trading volumes of 3.23 billion HKD and 2.93 billion HKD respectively [2] - In terms of net buying, China National Offshore Oil Corporation had the highest net buy amount of 0.146 billion HKD, with its stock price increasing by 2.31% [2] - Alibaba-W recorded the highest net sell amount of 1.205 billion HKD, while its stock price still rose by 4.86% [2]

Market Overview - On October 20, the Hang Seng Index rose by 2.42%, with southbound trading totaling HKD 109.87 billion, comprising HKD 53.60 billion in buy transactions and HKD 56.27 billion in sell transactions, resulting in a net sell of HKD 2.67 billion [1][2] Southbound Trading Activity - The southbound trading through Stock Connect (Shenzhen) recorded a total transaction amount of HKD 43.05 billion, with buy transactions at HKD 21.33 billion and sell transactions at HKD 21.72 billion, leading to a net sell of HKD 0.38 billion [1] - The southbound trading through Stock Connect (Shanghai) had a total transaction amount of HKD 66.81 billion, with buy transactions at HKD 32.26 billion and sell transactions at HKD 34.55 billion, resulting in a net sell of HKD 2.29 billion [1] Active Stocks - Alibaba-W had the highest transaction amount among southbound stocks, totaling HKD 96.98 billion, with a net sell of HKD 17.54 billion, while its stock price increased by 4.86% [1][2] - Other notable stocks included SMIC with a transaction amount of HKD 53.97 billion and Tencent Holdings with HKD 44.91 billion in transactions [1] - The top net buyers included Southern Hang Seng Technology with a net buy of HKD 3.75 billion, China National Offshore Oil Corporation with HKD 1.62 billion, and China Life with HKD 1.37 billion [1] Detailed Stock Performance - The following stocks were highlighted for their trading activity on October 20: - Southern Hang Seng Technology: Transaction amount of HKD 117.78 million, net buy of HKD 37.53 million, and a price increase of 3.19% [3] - China National Offshore Oil Corporation: Transaction amount of HKD 267.70 million, net buy of HKD 16.23 million, and a price increase of 2.31% [3] - Tencent Holdings: Transaction amount of HKD 449.07 million, net buy of HKD 9.67 million, and a price increase of 3.21% [3] - Alibaba-W: Transaction amount of HKD 969.80 million, net sell of HKD 175.38 million, and a price increase of 4.86% [3]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) announced the resignation of Mr. Zhou Xinhai from his positions as Executive Director, Vice Chairman, and CEO, effective October 20, 2025 [1] Company Summary - Mr. Zhou Xinhai will also cease to be a member of the Strategic and Sustainable Development Committee of the company from the same date [1]

10月20日港股市场，北水成交净卖出26.7港元，其中港股通(沪)成交净卖出22.86亿港元，港股通(深)成交净卖出3.84亿港 元。 北水净买入最多的个股是南方恒生科技(03033)、中海油(00883)、中国人寿（601628）(02628)。北水净卖出最多的个股是阿 里巴巴-W(09988)、小米集团-W(01810)、中芯国际(00981)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W | 22.91亿 | 34.96亿 | 57.87 亿 | | HK 09988 | | | -12.05 Z | | 中芯国际 | 13.59 亿 | 18.73亿 | 32.31亿 | | HK 00981 | | | -5.14 Z- | | 腾讯控股 | 13.86 乙 | 15.47 亿 | 29.33 乙 | | HK 00700 | | | -1.62 Z | | 小米集团-W | 8.88 亿 | 12.80 亿 | 21.68亿 | | HK 01810 | | | -3.92 Z- | | ...

Market Overview - The Hang Seng Index (HSI) closed at approximately 25,247 points on October 17, indicating a significant decline, having breached key technical levels such as the lower boundary of the Bollinger Bands [1][2] - The market sentiment is affected by this drop, with many investors feeling psychological pressure due to the volatility [2] Technical Analysis - Currently, there are 8 buy signals and 7 sell signals for the HSI, suggesting a slight bias towards buying in the short term [3][7] - The immediate support level for the HSI is around 24,800 points; if this level is breached, the next support is approximately 23,700 points [4][5] - Investors are advised to select products with recovery prices further from the support level to mitigate risks associated with sudden market declines [5] Individual Stock Analysis Meituan (03690) - Meituan's stock price has also been declining, closing at 94.5 HKD, having breached the lower boundary of the Bollinger Bands [9] - The first support level is around 91.1 HKD; if this is broken, the next support is at approximately 85.8 HKD [9][10] - Technical signals for Meituan show 9 buy signals and 4 sell signals, indicating a slight preference for buying [12] Contemporary Amperex Technology Co. (03750) - The stock closed at 521.5 HKD, down from a high of 614 HKD, with a neutral technical signal showing 5 buy and 5 sell signals [14][15] - The support level is around 477 HKD, which is close to the lower boundary of the Bollinger Bands [15] China Mobile (00941) - China Mobile's stock closed at 85.3 HKD, maintaining a neutral technical signal with potential resistance at 88.5 HKD [17][18] - If the stock price continues to rise, it could reach 91.8 HKD if it breaks the resistance level [17] China National Petroleum Corporation (00857) - The stock closed at 7.32 HKD, with a bearish technical signal showing 8 sell signals and 5 buy signals [23][24] - The first resistance level is at 7.5 HKD, and if this is surpassed, it could rise to 7.7 HKD [23] HSBC Holdings (00005) - HSBC's stock closed at 100.9 HKD, just above the support level of 96.7 HKD [29][30] - The technical signals show 8 buy signals and 7 sell signals, indicating a slight preference for buying [32]

证券代码：600938 证券简称：中国海油 公告编号：2025-030 1 周先生已确认其与董事会并无任何意见分歧，亦无任何与其辞任有关的事项须提 请本公司股东、香港联合交易所有限公司及上海证券交易所注意。 董事会藉此机会对周先生为本公司及海洋石油事业所作出的贡献表示衷心的感谢。 中国海洋石油有限公司董事会 2025 年 10 月 20 日 中国海洋石油有限公司 关于执行董事、副董事长及首席执行官 辞任的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国海洋石油有限公司（"本公司"）董事会谨此宣布，周心怀先生（"周先 生"）因任职变化辞任本公司执行董事、副董事长及首席执行官，自二零二五年十月 二十日生效。因此，周先生于同日起亦将不再担任本公司战略与可持续发展委员会成 员。 董事会于 2025 年 10 月 20 日以书面决议形式审议通过有关执行董事、副董事长及 首席执行官辞任的议案，表决结果为 8 票同意，0 票反对，0 票弃权，周先生未参与表 决。 ...