声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 国家知识产权局信息显示，中移（成都）信息通信科技有限公司、中国移动通信集团有限公司取得一项 名为"一种身份识别方法及装置、计算机可读存储介质"的专利，授权公告号CN116012901B，申请日期 为2021年10月。 天眼查资料显示，中移（成都）信息通信科技有限公司，成立于2018年，位于成都市，是一家以从事软 件和信息技术服务业为主的企业。企业注册资本200000万人民币。通过天眼查大数据分析，中移（成 都）信息通信科技有限公司参与招投标项目2487次，财产线索方面有商标信息260条，专利信息852条， 此外企业还拥有行政许可6个。 中国移动通信集团有限公司，成立于1999年，位于北京市，是一家以从事电信、广播电视和卫星传输服 务为主的企业。企业注册资本30000000万人民币。通过天眼查大数据分析，中国移动通信集团有限公司 共对外投资了55家企业，参与招投标项目5000次，财产线索方面有商标信息2211条，专利信息5000条， 此外企业还拥有行政许可50个。 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 国家知识产权局信息显示，中移(苏州)软件技术有限公司、中国移动通信集团有限公司取得一项名 为"一种数据分析方法、装置、设备以及计算机存储介质"的专利，授权公告号CN116266183B，申请日 期为2021年12月。 天眼查资料显示，中移(苏州)软件技术有限公司，成立于2014年，位于苏州市，是一家以从事软件和信 息技术服务业为主的企业。企业注册资本317200万人民币。通过天眼查大数据分析，中移(苏州)软件技 术有限公司参与招投标项目5000次，财产线索方面有商标信息112条，专利信息2691条，此外企业还拥 有行政许可28个。 中国移动通信集团有限公司，成立于1999年，位于北京市，是一家以从事电信、广播电视和卫星传输服 务为主的企业。企业注册资本30000000万人民币。通过天眼查大数据分析，中国移动通信集团有限公司 共对外投资了55家企业，参与招投标项目5000次，财产线索方面有商标信息2092条，专利信息5000条， 此外企业还拥有行政许可50个。 ...

Group 1 - The core viewpoint of the report is that the Ministry of Finance and the State Taxation Administration of China have raised the value-added tax on telecommunications services starting this year, which may impact the profitability of telecom operators [1] - The report assumes that operators will not pass the tax burden onto customers by 2026, leading to a complete reflection of the reduced after-tax income on profits [1] - Three scenarios have been established by the company, with a neutral scenario leading to revised earnings forecasts for China Mobile and China Telecom, maintaining 2025 estimates but lowering revenue and net profit forecasts for 2026 [1] Group 2 - The implied dividend yields for 2026 based on the new earnings forecasts are robust, with China Mobile's A-shares at 5.1% and H-shares at 6.8%, while China Telecom's A-shares are at 4.2% and H-shares at 5.2% [1] - Short-term pressure on the stock prices of Chinese telecom companies is anticipated as the market digests the changes in tax policy and lower profit outlooks [1]

36氪获悉，爱企查App显示，近日，北京因时机器人科技有限公司发生工商变更，新增中国移动旗下北 京中移数字新经济产业基金合伙企业（有限合伙）、北京市人工智能产业投资基金（有限合伙）等为股 东。该公司成立于2016年，法定代表人为蔡颖鹏，注册资本约148万元人民币，经营范围包括基础软件 服务、应用软件服务、计算机系统服务等。 ...

华宝港股通恒生中国(香港上市)30ETF（520560）现任基金经理为张放、蒋俊阳。张放自2025年9月24日 管理（或拟管理）该基金，任职期内收益-7.27%；蒋俊阳自2025年9月24日管理（或拟管理）该基金， 任职期内收益-7.27%。 来源：新浪基金∞工作室 数据显示，2月3日，华宝港股通恒生中国(香港上市)30ETF(520560)遭净赎回369.86万元，位居当日跨境 ETF净流出排名40/212。最新规模7.55亿元，前一日规模7.66亿元，当日资金净流出额占前一日规模的 比例为0.48%。 近5日，华宝港股通恒生中国(香港上市)30ETF(520560)遭净赎回3543.12万元，位居跨境ETF净流出排名 第25/212。近10日，华宝港股通恒生中国(香港上市)30ETF(520560)遭净赎回4572.63万元，位居跨境ETF 净流出排名第31/212。近20日，华宝港股通恒生中国(香港上市)30ETF(520560)遭净赎回6359.44万元， 位居跨境ETF净流出排名第40/212。 华宝港股通恒生中国(香港上市)30ETF（520560）成立于2025年9月24日，基金全称为华宝港股通 ...

Core Viewpoint - The recent rumors regarding the increase of value-added tax (VAT) on internet value-added services stem from a misunderstanding of new tax regulations, which only affect basic telecommunications services and do not extend to other internet companies like Tencent [2][3] Group 1: Tax Regulation Changes - Starting from 2026, the VAT rate for basic telecommunications services, such as internet broadband access provided by companies like China Mobile, China Unicom, and China Telecom, will increase from 6% to 9% [2] - The adjustment is a targeted policy and does not apply to other types of enterprises, clarifying the boundaries of the new tax regulations [2] Group 2: Misinterpretation of Tax Applicability - The erroneous extrapolation of the tax adjustment to internet platform companies like Tencent has led to the misconception of an "internet value-added service tax increase" [2] - Tencent's primary business activities, including online gaming, social platform operations, cloud services, and digital content distribution, fall under the categories of value-added telecommunications services or sales of intangible assets, which remain subject to the 6% VAT rate without any increase [2][3] Group 3: VAT Structure Stability - The statutory VAT rates in China remain at three levels: 13%, 9%, and 6%, with the applicable objects and policy framework remaining stable and unchanged [4]

Group 1 - The core point of the article is that Beijing Yinshi Robot Technology Co., Ltd. has undergone a business change, adding new shareholders including China Mobile's Beijing Zhongyi Digital New Economy Industry Fund Partnership and Beijing Artificial Intelligence Industry Investment Fund [1] - Yinshi Robot was established in 2016 and its business scope includes basic software services, application software services, and computer system services [1] - The company focuses on the research and development of micro-precision motion components and breakthroughs in servo control technology, with typical products including micro servo cylinders and dexterous robotic hands [1]

2月4日，苇渡Windrose宣布，于近期启动总额超过1亿美元的C轮融资，其中C1轮由中国移动链长基金 领投，其他投资人还包括苇渡科技创始人韩文、法国工业地产商PRD等；同时，本轮还获得了中国工商 银行、中国建设银行、中国农业银行等银行的授信支持。C轮融资将主要用于加速公司的纯电重卡在获 得中美欧三地认证之后，在全球市场的量产布局和交付，以及推动比利时、法国、美国三地的总装交付 基地以及配套风光电+储能+快充基础设施建设。 ...

Core Viewpoint - The insurance industry is experiencing an innovative trend of "cross-industry collaboration," with various sectors such as securities firms and telecommunications companies entering the insurance market, leading to a multi-channel integration of insurance sales [2][3][10]. Industry Trends - Multiple securities firms have quietly launched "insurance sections" in their official apps, with one leading firm offering 18 insurance products, including 13 dividend-type products [3]. - China Mobile has opted for a "offline trial sales" model, starting in January 2026, selling insurance products directly in its service outlets [3]. - Other capital players, such as Guangzhou Yuexiu Group and Midea Group, are also making significant investments in the insurance sector through acquisitions [3][4]. Market Impact - The entry of cross-industry players is reshaping traditional insurance sales channels, with a notable shift in market dynamics. The insurance sales market may evolve into a layered structure, where cross-industry platforms focus on standardized products while traditional agents emphasize complex risk management [6][10]. - The insurance sales channels are undergoing a profound transformation, with the bancassurance channel surpassing individual insurance channels in new premium scale for the first time in 14 years [5]. Opportunities - The current scale of insurance sales through cross-industry channels remains relatively small, with securities firms' insurance sales accounting for less than 5% of their total sales revenue [9]. - The integration of insurance into daily life through cross-industry platforms is seen as a strategic move to enhance user engagement and create new revenue streams for companies facing growth pressures in their core businesses [9][10]. Challenges - While cross-industry collaboration makes purchasing insurance easier, it also complicates the process of selecting the right insurance, as consumers may overlook their actual needs due to the convenience of embedded insurance offerings [10][11]. - There are concerns regarding the potential dilution of sales professionalism and service responsibilities, which could undermine consumer trust in the insurance industry [11][12].

Market Overview - The Hong Kong stock market has experienced significant volatility recently, with fluctuations of around 800 points impacting investor sentiment and market dynamics [1][2]. - Investors are advised to closely monitor market trends and utilize tools such as the Hang Seng Index bull and bear certificate distribution chart to gauge market sentiment [1][2]. Investment Strategies - A high percentage of investors (76%) are currently favoring bull certificates, indicating a strong interest in buying at lower levels following market declines [1][2]. - Caution is advised for investors entering the market during periods of high volatility, with recommendations to wait for signs of stabilization before attempting to capitalize on rebounds [2][3]. Individual Stock Analysis - China Mobile (00941) has seen fluctuations in its stock price, with recent adjustments attributed to an increase in the value-added tax rate from 6% to 9%, impacting market perceptions of revenue and profitability [4][5]. - Investors are showing interest in China Mobile's call options, particularly code 24413, which has a strike price of 88.88 HKD and a leverage of approximately 13 times [5]. Commodity Insights - The price of gold has surged nearly 30% in the past month, leading to increased caution among investors regarding potential corrections due to rapid price increases [6][7]. - For long-term investors, current market adjustments may present buying opportunities, while short-term trading is deemed risky due to high volatility [7][8]. Company-Specific Developments - Pop Mart (9992) is expanding its presence in the UK, planning to establish a European headquarters and open seven new stores, which has positively influenced its stock performance despite broader market declines [9][10]. - Xiaomi (01810) continues to struggle with its stock price, recently dropping to around 34.36 HKD, with investor sentiment mixed despite a planned buyback of 2.5 billion HKD in shares [11][12]. Contact Information - Investors are encouraged to utilize the hotline (00+852 3988 6909) for inquiries regarding market conditions and product offerings, especially during periods of heightened volatility [13][14].