Core Viewpoint - The article highlights the increasing trend of interim dividend announcements among A-share listed companies, with a total proposed payout of 829.02 billion yuan as of August 13, 2025, reflecting a strong commitment to shareholder returns and stable financial management [1] Group 1: Interim Dividend Trends - As of August 13, 2025, 65 A-share listed companies have disclosed their interim dividend plans, with a total proposed payout of 829.02 billion yuan [1] - Several companies are initiating interim dividends for the first time, with industry leaders leading the way in distributing substantial dividends [1][2] - The trend of increasing cash dividends aligns with regulatory encouragement and investor expectations, indicating a positive market reception [1] Group 2: Company-Specific Dividend Plans - Hikvision plans to distribute a cash dividend of 4 yuan per 10 shares, totaling approximately 3.6 billion yuan, supported by a revenue of 418.18 billion yuan and a net profit of 56.57 billion yuan for the first half of the year [2] - Changshu Bank has achieved double-digit growth in revenue and net profit for 16 consecutive quarters, proposing a cash dividend of 0.15 yuan per share, totaling 4.97 billion yuan, which is 25.27% of its net profit [3] - Weisheng Information plans to distribute a cash dividend of 2.5 yuan per 10 shares, totaling 1.22 billion yuan, with a net profit of 3.05 billion yuan, reflecting a 40% payout ratio [3] Group 3: Industry Leaders and Their Performance - China Mobile reported a revenue of 543.8 billion yuan and a net profit of 84.2 billion yuan, proposing an interim dividend of 2.75 HKD per share, totaling approximately 54.2 billion yuan [4] - China Unicom achieved a revenue exceeding 200 billion yuan and a profit of 17.7 billion yuan, proposing a dividend of 0.1112 yuan per share, totaling around 3.48 billion yuan [5] - CATL, benefiting from dual business segments, reported a revenue of 178.9 billion yuan and a net profit of 30.5 billion yuan, proposing a cash dividend of 10.07 yuan per 10 shares, totaling 4.57 billion yuan [5] - WuXi AppTec achieved a revenue of 207.99 billion yuan and a net profit of 85.61 billion yuan, proposing a cash dividend of 3.5 yuan per 10 shares, totaling 1.003 billion yuan [5]

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Index Hong Kong Fundamental 50 Index (Hong Kong F50), which rose by 1.58% to 2241.5 points, with a trading volume of 92.465 billion yuan [1] - The Hong Kong F50 Index has shown significant growth, increasing by 3.05% over the past month, 9.54% over the past three months, and 20.51% year-to-date [1] - The index selects the 50 listed companies with the strongest fundamental value from the Hong Kong market, using a fundamental value-weighted calculation to mitigate the impact of overvalued securities typically seen in traditional market capitalization indices [1] Group 2 - The top ten holdings of the Hong Kong F50 Index include major companies such as China Construction Bank (11.11%), China Mobile (7.75%), and Tencent Holdings (5.36%) [1] - The index is fully composed of companies listed on the Hong Kong Stock Exchange, with a total market share of 100% [1] - The industry composition of the index shows that finance accounts for 39.49%, communication services for 19.16%, and energy for 11.72%, among other sectors [2] Group 3 - The index samples are adjusted annually, with changes implemented on the next trading day after the second Friday of June each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - Companies that are delisted or undergo mergers, acquisitions, or splits are handled according to specific calculation and maintenance guidelines [2]

Core Viewpoint - Southbound capital has seen a record net inflow of over 910 billion HKD this year, indicating strong interest in the Hong Kong stock market, which has outperformed major global indices [2][4]. Group 1: Southbound Capital Inflow - As of August 12, 2023, the cumulative net inflow of southbound capital reached 910.29 billion HKD, surpassing the total for the entire year of 2024, with over 80% of trading days showing net inflows [4]. - The financial, information technology, consumer discretionary, healthcare, and communication services sectors have the highest market value holdings from southbound capital [4]. - Major holdings include Tencent Holdings at nearly 560 billion HKD, with other significant positions in China Construction Bank, China Mobile, and Industrial and Commercial Bank of China, each exceeding 200 billion HKD [4]. Group 2: ETF Inflows - The top ten cross-border ETFs by net inflow this year are all Hong Kong products, with the Huaxia Hong Kong Internet ETF leading at 33.37 billion HKD [4]. - Other notable ETFs include the Southern Hong Kong Technology 30 ETF and the E Fund Hong Kong Non-Bank ETF, each attracting over 10 billion HKD [5]. Group 3: Market Dynamics and Valuation - The pricing power of southbound capital in the Hong Kong market varies by sector, with significant influence in dividend stocks, while growth stocks remain contested between domestic and international investors [5]. - The southbound trading volume has risen to over 40% of the total trading amount for interconnect stocks, with expectations of cumulative net inflows exceeding 1 trillion HKD by 2025 [5]. - The Hong Kong market is viewed as being in a mid-stage of value recovery, with key sectors like internet and innovative pharmaceuticals still undervalued [7]. Group 4: Future Outlook - The Hong Kong stock market is expected to benefit from improved liquidity, reduced external risks, and potential policy support, leading to a narrowing of the A/H premium [7]. - The internet sector is anticipated to begin a valuation recovery from the second half of 2024, with significant growth potential for technology stocks as the market sentiment shifts from pessimism to neutrality [7].

8月13日，北京移动用户部分App和小程序无法上网，引起关注。南都N视频记者梳理发现，近年来，移 动用户多次遭遇故障。除了此次问题外，今年3月，因中国移动出现严重网络故障，导致使用该运营商 服务的用户无法登录网易游戏产品；去年10月，中国移动广东公司称业务系统异常，用户反映官方App 无法登录、充值等业务无法办理。 （文章来源：南方都市报） 近年来，移动用户多次遭遇网络故障等。2025年3月，网易旗下多款游戏出现登录异常。网易游戏微博 回应称，3月3日22时开始，因中国移动出现严重网络故障，导致使用该运营商服务的用户无法登录网易 游戏产品。经技术部门与中国移动紧急沟通处理，受影响的网易游戏产品服务均已恢复。"给您带来不 便，深感抱歉。 " 2024年10月21日，中国移动广东公司发布说明称，当日15时47分起，中国移动广东公司陆续接到客户反 映，官方App无法登录、充值等业务无法办理。技术部门迅速开展故障排查，发现负载均衡设备异常， 导致业务系统不稳定。经过紧急处置，系统服务已于17时6分全面恢复。"对受影响的客户，公司深表歉 意。" 2025年8月13日早间，许多北京网友在社交平台反映，手机出现"早上没有网 ...

8月13日， 中国移动北京公司官方微博发布消息： 来源： 中国移动北京公司官方微博、网友评论 13分钟前 来自 vivo X100s Pro #移动崩了# 害我漏打卡 四白白浪费一次补卡机会 1 00 8月13日早间，北京移动少量用户出现无法使用个别APP或小程序的情况。由此给用户造成的 不便，我们深表歉意。 我们正在积极排查中，尽快逐步恢复。衷心感谢各位网友的关注与监督！ 8月13日早间，话题 #移动崩了 #冲上热搜，多位网友表示无法打开APP等。 | 204 ■ 中国基金报内容矩阵 ■ 巅峰对话 投资热点说 ETF风向标 IPO情报站 ® O 上一 国 444 444 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 港股目报 数说人物 全球早班车 开盘速递 � e 8 V 444 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND ● 微信搜一搜( ○ 中国基金报 )即刻获取财经资讯 | 10000 I 2分钟前 来自 HUAWEI Mate 60 Pro 我就说今天网怎么这么奇怪，有些小程序、APP不好用，原来是移动崩了 3分钟前 来自 ...

Core Viewpoint - The 2025 China International Service Trade Fair will focus on digital service trade and high-end industry development, showcasing the latest technological achievements in the information and communication sector [1][2]. Group 1: Event Overview - The "Telecommunications, Computer and Information Services" exhibition will take place from September 10 to 14, 2025, at Shougang Park, featuring over 100 offline exhibitors and nearly 300 online participants [1]. - The theme of the exhibition is "Digital Intelligence Links the World," emphasizing the integration of digital service trade with advanced industries [1][2]. Group 2: Key Highlights - Two major highlights of the exhibition include the "Beijing Solution Exhibition" and the "5G Intelligent Global Connectivity" theme exhibition, showcasing significant digital service achievements in various sectors such as government, transportation, and healthcare [3]. - The Beijing Solution Exhibition will feature a 2,000 square meter immersive area, demonstrating replicable and promotable digital service solutions [3]. Group 3: International Participation - The exhibition will attract over 500 leading enterprises, including China Unicom, Alibaba, and international exhibitors from more than 10 countries and regions, such as Germany, the USA, and Canada [2][3]. - The event aims to leverage the platform to promote open cooperation in digital service trade and build a globally influential digital technology industry ecosystem [2]. Group 4: Professional Activities - Multiple professional activities will be held during the exhibition, including themed salons on digital economy, AI terminal devices, and digital infrastructure, facilitating in-depth connections between domestic companies and international buyers [5]. - High-end forums organized by various institutions will discuss topics related to the international digital economy and industry development trends [5].

据中国新闻网，13日，有不少网友反映北京移动网络崩了。北京移动对此回应，8月13日早间，北京 移动少量用户出现无法使用个别APP或小程序的情况。由此给用户造成的不便，深表歉意。正在积 极排查中，尽快逐步恢复。 ...

数据显示，截至8月12日，今年以来南向资金累计净流入超9100亿港元，创年度净流入额历史新高，显 著超过2024年净流入的8078.69亿港元。据中国证券报记者统计，在今年以来南向资金交易的145个交易 日中，南向资金出现净流入的交易日有123个，占比超八成。 在今年以来南向资金大幅流入的带动下，港股市场表现亮眼，截至8月12日收盘，恒生指数累计涨逾 24%，恒生科技指数累计涨逾21%，恒生指数成分股中总市值超1万亿港元的股票均上涨，平均涨幅超 过30%。 近期，港股市场出现一定震荡。机构人士认为，外部预期调整可能是主要原因，预期变动会导致市场波 动较大，但这并未改变港股市场的中期配置逻辑。港股市场或吸引南向资金持续流入，支撑港股继续向 上。 ● 本报记者 吴玉华 净流入金额为去年同期两倍多 今年以来，南向资金大幅流入港股市场，是今年以来港股市场最大的增量资金来源。 数据显示，截至8月12日，南向资金今年以来累计净流入9102.88亿港元，创年度净流入金额历史新高， 历史首次超过9100亿港元，为2024年同期的2倍多。其中，4月9日单日净流入355.86亿港元，创单日净 流入纪录。在今年以来南向资金交易的1 ...

Group 1 - Southbound capital has seen a cumulative net inflow of 9102.88 billion HKD as of August 12, marking a historical high and more than double the amount from the same period in 2024 [1][2] - The Hang Seng Index has risen over 24% year-to-date, with the Hang Seng Technology Index up over 21%, driven by significant inflows from southbound capital [1][4] - The majority of southbound capital inflow days have been positive, with 123 out of 145 trading days showing net inflows, accounting for over 80% [1][2] Group 2 - Southbound capital has increased its holdings in financial, information technology, and consumer discretionary sectors, with respective market values of 14320.41 billion HKD, 11167.63 billion HKD, and 7362.45 billion HKD [2][3] - Major stocks held by southbound capital include Tencent Holdings with over 5600 billion HKD, and several others like China Mobile and Alibaba with holdings exceeding 2000 billion HKD [3][5] - The healthcare, materials, and information technology sectors have led the market, with respective increases of 75.96%, 67.53%, and 36.27% year-to-date [4][5] Group 3 - Recent market fluctuations are attributed to external expectation adjustments, but the medium-term investment logic for the Hong Kong market remains unchanged [6][7] - Analysts predict that southbound capital inflows could exceed 1 trillion HKD for the year, indicating strong ongoing interest in the Hong Kong market [6][7] - The current valuation of the Hong Kong market is at a historical mid-to-high level, suggesting potential for upward movement [7]

Core Points - The 2025 Service Trade Fair will be held at Shougang Park from September 10 to 14, featuring the ICT exhibition as a key highlight focusing on digital service trade and high-tech industries [1][2] - The ICT exhibition will cover approximately 10,000 square meters and attract over 100 offline exhibitors and nearly 300 online exhibitors, including major companies like China Unicom, Alibaba, and international exhibitors from over 10 countries [2][3] - The exhibition will showcase outstanding digital services through special exhibits, including 11 digital products from Beijing's digital economy, emphasizing the city's capabilities in digital technology and service solutions [3][4] Exhibition Details - The ICT exhibition will adopt a "2+5+N" layout, featuring two special exhibition areas, five forums on digital economy and AI, and multiple industry salons and international trade negotiation activities [2] - The "5G Smart Global · Beijing Colorful Travel Service" theme exhibition will create a full-chain experience for international visitors, showcasing 10 experience zones related to 5G applications in various aspects of life [5][6] Digital Economy Insights - In 2024, Beijing's digital economy is projected to exceed 2.2 trillion yuan, with the information software industry generating over 3 trillion yuan in revenue, leading the nation [3] - The exhibition will also highlight the Beijing Digital Economy Enterprise Outbound Innovation Service Base, which aims to support local enterprises in international markets [4]