智通财经APP获悉，2025年6月4日当天，小米集团-W(01810)、美团-W(03690)、阿里巴巴-W(09988)位 居沪港通(南向)成交额前3位，成交额分别为34.44 亿元、24.70 亿元、23.71 亿元；美团-W(03690)、阿 里巴巴-W(09988)、小米集团-W(01810) 位居深港通(南向)成交额前3位，成交额分别为22.69 亿元、 20.04 亿元、19.96 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 美团-W(03690) 22.69 亿元 +8.59 亿元 阿里巴巴-W(09988) 20.04 亿元 +6.58 亿元 小米集团-W(01810) 19.96 亿元 -5.72 亿元 腾讯控股(00700) 19.52 亿元 -7.59 亿元 信达生物(01801) 13.52 亿元 +7053.74 万元 泡泡玛特(09992) 9.42 亿元 +1.55 亿元 中芯国际(00981) 8.49 亿元 -3.25 亿元 比 亚迪股份(01211) 8.46 亿元 +3.94 亿元 石药集团(01093) 7.97 亿元 +3.31 亿元 思摩尔 ...

Investment Rating - The report maintains an "Overweight" rating for the petrochemical and transportation sectors [4] Core Views - The importance of energy security has been highlighted due to escalating geopolitical tensions and tariff conflicts, with China's reliance on oil and gas imports reaching 72% and 43% respectively in 2024 [1] - The "Three Oil Giants" are focusing on independent innovation to achieve high-quality development, with specific targets for domestic production and technology advancements set for 2024 and beyond [2] - The report suggests a positive outlook for undervalued, high-dividend, and well-performing companies in the "Three Oil Giants" and oil service sectors, as well as for domestic material companies benefiting from the trend of domestic substitution [3] Summary by Sections 1. Industry Overview - Geopolitical uncertainties and tariff conflicts are posing challenges to China's energy security, emphasizing the need for increased domestic oil and gas production [1] 2. Company Innovations - The "Three Oil Giants" are advancing in key technologies to enhance domestic production capabilities, with specific goals for equipment localization and technological breakthroughs by 2024 [2] 3. Investment Recommendations - The report recommends focusing on the "Three Oil Giants" (China National Petroleum, Sinopec, CNOOC) and oil service companies, as well as material companies that are expected to benefit from domestic substitution trends [3]

Core Viewpoint - The arrival of a low interest rate era highlights the importance of dividend assets, particularly in the Hong Kong stock market, where state-owned enterprises play a significant role in dividend distribution [1] Group 1: Dividend Assets in the Market - A-shares are expected to see total dividends exceed 2.4 trillion yuan in 2024, with state-owned enterprises accounting for over 80% of this amount [1] - Hong Kong's central enterprises are positioned as key dividend payers, offering both high yields and valuation advantages [1] - The current trading congestion of Hong Kong dividend assets has decreased, supported by the ongoing pilot programs for long-term capital inflows [1] Group 2: Investment Strategies and Recommendations - The banking sector continues to show mid-to-long-term investment value, with ongoing dividend plans and valuation enhancement initiatives from major banks [1] - High dividend yield and strong asset quality banks are recommended for their absolute return potential and cost-effectiveness in allocation [1] Group 3: Performance of Dividend Indices and ETFs - The leading dividend index in the Hong Kong market is the Hang Seng Hong Kong Stock Connect High Dividend Yield Index, with the corresponding ETF, Bosera (513690), ranking first in both scale and daily trading volume [2] - As of June 4, 2025, the Bosera ETF reached a new high in price and size, totaling 4.043 billion yuan [2] Group 4: Advantages of the Bosera ETF - The Bosera ETF has a leading dividend yield of 8.02%, significantly higher than its peers, making it an attractive option for investors seeking stable income [4] - The top holdings of the ETF focus on energy and financial sectors, with notable performance in recent months, showcasing both cyclical resilience and defensive attributes [5] - The ETF employs strict risk control measures, excluding stocks with significant price declines and ensuring liquidity, thus enhancing the investment experience [7]

Core Viewpoint - The "Xuanji" geological rotary steering drilling system, developed by CNOOC Services, represents a significant technological advancement in China's oil and gas exploration and production, providing essential support for increasing reserves and production [1][3][7]. Group 1: Technological Advancements - The "Xuanji" system has achieved industrial application in China, marking a milestone in high-end drilling technology for oil and gas exploration [1]. - The system has a 90% application rate in offshore oil and gas exploration, demonstrating its critical role in the industry [1]. - CNOOC Services has successfully developed over 20 key technologies, making China the second country in the world to possess this technology [3]. Group 2: Performance Metrics - The "Xuanji" system has improved the average oil and gas reservoir encounter rate to 92%, with an overall first-time success rate exceeding 95% [3]. - In a recent operation in Bohai Oilfield, the system achieved a drilling speed increase of 6%, with a sandstone encounter rate of 100% and production reaching 150% of the design capacity [4]. - The system has completed 2660 operations globally, with a cumulative footage of nearly 250.44 million meters, showcasing its effectiveness in challenging geological conditions [6]. Group 3: Economic and Social Impact - The application of the "Xuanji" system has led to a decrease in service prices from foreign oil service providers, enhancing China's competitiveness in high-end drilling equipment [4]. - The project has established a collaborative development network integrating production, learning, research, and application, promoting domestic research and breakthroughs in related fields [4]. - The "Xuanji" system has been recognized internationally, particularly in Belt and Road Initiative countries, enhancing China's reputation in global oil and gas exploration [6].

美国市场 利好： 5月7日，位于美国得克萨斯州的自由港液化天然气公司(FreeportLNG)周三将接收更多的原料气，这表明该美国液化天然气出口工厂在周二中断后正在逐步 恢复服务。 利空： 1、 美国能源部重启液化天然气出口许可审批。 2、 5月23日(周五)，美国联邦能源管理委员会(FERC)在一份文件显示，其已批准Venture Global在路易斯安那州继续建设其CP2液化天然气工厂。 利空： 1、 5月6日，挪威议会命令工党少数派政府启动新一轮边境地区油气勘探许可，为增加石油钻探奠定基础。 2、5月14日，Sonatrach与斯洛文尼亚主要天然气供应商Geoplin签署了一项协议，通过连接阿尔及利亚和意大利的天然气管道向斯洛文尼亚输送天然气。 3、5月29日(周四)，美国能源部宣布，Sempra的Port Arthur第二阶段项目已获得美国批准，可向欧洲和亚洲市场出口液化天然气。 1.2 利好： 1、 5月6日，根据一份欧盟委员会的文件草案，欧盟委员会将于下个月提议，在2027年底之前禁止根据现有合同进口剩余的俄罗斯天然气和液化天然气。 2、 5月26日(周一)，Equinor在一份监管文件中称，由于 ...

Core Viewpoint - The article discusses the transformation of the Hong Kong stock market, highlighting its resurgence as a capital haven despite previous challenges, driven by significant reforms and an influx of southbound capital from mainland investors [3][6][12]. Group 1: Market Performance and Trends - Xiaomi completed a HKD 4.25 billion placement, marking the third-largest flash placement in Hong Kong's history, following Meituan and BYD [3]. - In 2023, Hong Kong's IPO financing reached HKD 653.25 billion, a year-on-year increase of 691.33%, while total placements surged to HKD 1,242.68 billion, up 853.47% [4]. - The first quarter of 2023 saw a new high of 27% in equity holdings of Hong Kong stocks by actively managed public funds [4]. Group 2: Challenges Faced by the Market - Prior to 2023, Hong Kong stocks faced a four-year decline, with IPO fundraising dropping to HKD 46.3 billion in 2022, an 86% decrease from 2021, making it the lowest in 20 years [3][4]. - The market suffered from liquidity issues, with large-cap stocks contributing 90% of liquidity, while small-cap stocks struggled [9][10]. - The market's challenges were exacerbated by external factors such as aggressive interest rate hikes by the Federal Reserve and geopolitical tensions [8][10]. Group 3: Reforms and Strategic Changes - The new leadership at the Hong Kong Stock Exchange, including CEO Chen Yiting and Chairman Tang Jiacheng, aims to address liquidity issues and attract competitive companies [12][13]. - Reforms include lowering the listing thresholds for companies, with market capitalization requirements for commercialized companies reduced from HKD 60 billion to HKD 40 billion [13]. - The introduction of the FINI platform has improved the efficiency of new stock subscriptions, significantly reducing the time funds are frozen during the process [14][16]. Group 4: Capital Inflows and Market Dynamics - The influx of southbound capital has been a key driver of market resilience, with significant investments in technology and new consumer sectors [18][20]. - Public funds have increased their holdings in major stocks like Tencent and Alibaba, with a notable rise in technology-related ETFs [20][22]. - Insurance funds have actively increased their stakes in high-dividend stocks, contributing to the overall liquidity of the market [23].

Group 1 - The Hong Kong stock market saw a collective surge in the "Big Three Oil" companies, with China Petroleum & Chemical Corporation (00857.HK) rising over 3% [1] - China National Offshore Oil Corporation (00883.HK) and China Petroleum & Chemical Corporation (00386.HK) both experienced gains of over 1% [1]

人民网内罗毕5月30日电（记者黄炜鑫）乌干达坎帕拉消息：5月30日，中国海油绩优奖学金项目在乌干达霍伊马地区政府办公楼启动。此次活动由中国 海洋石油乌干达有限公司举办，向来自乌干达霍伊马地区和基库贝地区39所中小学的300名优秀学生（含 6 名残疾学生）颁发证书及现金奖励，鼓励并支持 他们更好地完成学业。 中国海洋石油乌干达有限公司副总裁王聚锋在致辞中表示，作为中国在乌干达最大投资项目的运营主体，公司以"能源为更美好的未来"为愿景，在推进 翠鸟油田项目建设的同时，积极落实共建"一带一路" 倡议及中非合作论坛"十大伙伴行动"，形成"能源开发+民生改善"的特色合作模式。"我们不仅要在油气 田上竖起钻井架，更要在当地民众心中种下友谊的种子。绩优奖学金项目将帮助乌干达的青少年更好地成长，我们坚信中乌友好将拥有更坚实的民意基础和 更广阔的未来。" 据了解，绩优奖学金项目是中国海油在乌"捐资助学强基工程"的一部分，该公司还通过国际留学生项目，资助11名乌干达青年到中国石油高校学习，目 前正在向当地11所学校捐赠图书、家具及学习用品，促进教学条件改善。该公司同步推动的"创造就业赋能工程"将为乌干达创造16万个就业岗位；"民 ...

人民网迪拜5月31日电 （记者管克江）当地时间5月30日，中国海油中东区域各单位在位于迪拜 的"中东之家"基地举办了端午节文化交流主题活动。 人力资源主管维姆鲁什说，学习包粽子的过程紧张而欢乐，更重要的是不同国籍的同事通过中国古 老的传统节日联结在一起，分享彼此的喜悦和故事，从而增进了友谊和团结。负责公关业务的马塞尔 说，端午节让大家感受到中华文化的凝聚力，期待参加更多的文化交流活动，更多了解中国。 中国海油中东区域首席代表李锋表示，此次活动拉近了中外员工的距离，也加深了各海外公司之间 的交流。未来，中国海油将继续以文化为纽带，不断拓展海外员工对中华文化的理解与认同，讲好中国 故事，传播中国声音。 中企外籍员工在学包粽子。人民网记者 管克江摄 活动现场，中外籍同事共同参与包粽子体验。红枣馅、牛肉馅、蛋黄馅等琳琅满目的各式粽子摆满 操作台，大家一边包粽子，一边交流了解端午节的起源和习俗。除包粽子外，活动还特别准备了多种口 味的串串香等中国传统小吃。 来自哈萨克斯坦的员工阿雅说，此次参加端午主题活动，对她而言是一次难忘的文化体验。她 说："中国文化不仅体现在美味的粽子、精彩的龙舟这些形式，更在于代代相传的精神内涵 ...

Core Viewpoint - The article emphasizes the pivotal role of state-owned enterprises (SOEs) in leading the hydrogen energy sector, highlighting their contributions to the energy revolution and the strategic importance of hydrogen in China's energy landscape [2][8]. Group 1: National Strategy - The hydrogen industry is entering a critical phase of large-scale development, with over 60 countries announcing hydrogen strategies. China has included hydrogen in its Energy Law, with 22 provinces incorporating it into government work reports. The "Medium- and Long-term Planning for Hydrogen Industry Development (2021-2035)" sets a target of 100,000 to 200,000 tons of renewable hydrogen production by 2025 [3]. - SOEs are central to implementing national strategies, with projects like "wind-solar hydrogen + hydrogen-based fuel synthesis" by the National Energy Group in Inner Mongolia and Ningxia, and a million-kilowatt wind-solar hydrogen project by State Power Investment Corporation in Jilin [3]. Group 2: SOE Responsibilities - The report highlights the importance of technological breakthroughs across the entire hydrogen value chain, with SOEs demonstrating strong capabilities in equipment autonomy and technological integration. For instance, the Aerospace Science and Technology Corporation developed a 5 tons/day hydrogen expansion liquefaction system with 100% domestic components [4]. - The China Petroleum and Chemical Corporation initiated a hydrogen pipeline demonstration project, laying the groundwork for cross-regional hydrogen distribution. Additionally, various hydrogen-powered vehicles and systems have been developed, showcasing the innovation capabilities of SOEs [4]. Group 3: Scene Implementation - In 2024, hydrogen energy will see widespread pilot projects in industrial, transportation, and power sectors, with SOEs leading innovation. For example, Baowu Steel's hydrogen-based blast furnace project significantly reduces CO2 emissions in metallurgy [5]. - The National Energy Group's renewable hydrogen coupling with coal-based ammonia project aims to reduce CO2 emissions by 200,000 tons annually, providing a reference for carbon transition in the coal chemical industry [5]. Group 4: Global Perspective - China's hydrogen industry is shifting from technology importation to equipment exportation, with successful international projects such as the world's longest liquid hydrogen maritime transport demonstration by China National Offshore Oil Corporation [6]. - The State Grid is leading the development of international standards for fuel cell systems, enhancing China's influence in the global hydrogen sector [7]. Group 5: Future Challenges - The "China Hydrogen Development Report (2025)" serves as both a report card on industry progress and a task list for SOEs. The focus will be on expanding renewable hydrogen production capacity and overcoming technological challenges in electrolysis and fuel cells [8]. - By 2025, with ongoing policy support and technological advancements, SOEs are expected to play a crucial role in achieving large-scale hydrogen development, contributing to national energy security and global climate governance [8].