中央纪委国家监委驻中国移动纪检监察组以"学习教育有终点、作风建设无穷期"的政治担当，持续开 展"四个一"行动，推动作风建设走深走实。 组织一系列学习研讨，强化以严的基调把作风建设一抓到底的韧性。召开组内会议，通报个别央企在学 习教育结束之际出现的"四风"反弹回潮案例，明确持续强化学习教育整改监督、持续强化风腐同查同治 等方面工作要求。举办深化作风建设专题研讨，进一步明确增强作风教育针对性实效性、建立健全经常 性发现问题和解决问题机制、强化监督执纪、压实作风建设政治责任等四个实践路径，为持续推动作风 建设常态化长效化提供思路抓手。 制发一系列工作指南，提升以严查快办推动作风建设常态长效的本领。针对一些单位只查风不纠腐和由 腐纠风不到位的情况，制发《中国移动风腐问题必问必核必治工作指引》，列举"违规接待" 等36项风 腐场景，提炼"对业务流程异常干预"等13条风腐交织表征，梳理出"宴请是否发生在关键节点"等198个 必问必核事项。今年以来，先后查处多起风腐交织案件，风腐双向突破能力得到有效历练。针对"四 风"问题定性不准、违纪金额把握不当等常见错误，编印《违反中央八项规定精神疑难问题定性处理实 务参考》，对复杂场 ...

来源：市场资讯 杨杰出生于1962年7月，于2019年3月加入中国移动董事会并担任董事长，主持公司全面工作。其职业生 涯始于山西省邮电管理局，后在中国电信系统内长期任职，曾担任中国电信集团有限公司的总经理、董 事长等职。 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。 同日，中国移动召开2025年第十次董事会会议，经公司提名委员会提议、董事会审议及批准，陈忠岳获 委任为公司执行董事兼董事长，该任命亦自2025年12月22日起生效。根据公告，陈忠岳现年54岁，现为 中国移动最终控股股东中国移动通信集团有限公司的董事长，同时兼任中国移动通信有限公司的董事及 董事长。 陈忠岳拥有经济学硕士学位，其职业生涯横跨国内主要电信运营商。他曾长期在中国电信工作，历任浙 江分公司副总经理、公众客户事业部总经理、山西分公司总经理等职务，后升任中国电信集团有限公司 副总经理。 12月22日晚间，中国移动有限公司发布公告，宣布公司董事会收到杨杰的书面辞任函。因年龄原因，杨 杰辞去公司执行董事兼董事长职务，该辞任自2025年12月22日起生效。 ...

Group 1 - The core viewpoint of the article highlights the increasing interest in Hong Kong stocks, driven by their valuation advantages and strong corporate governance [3][10] - The Hong Kong market is currently at a low valuation, with major companies focusing on shareholder returns through dividends and buybacks, indicating a robust governance structure [10][11] - The Hong Kong market features a number of scarce industry leaders with lower prices and higher dividend rates, enhancing their investment appeal [10][11] Group 2 - The adjusted cost-performance ratio of Hong Kong stocks is more favorable, with opportunities in both technology and dividend sectors [11] - In the technology sector, attention is drawn to internet companies focusing on large model developments, where leading firms are establishing competitive barriers through funding and data advantages [11] - In the dividend sector, bank stocks are highlighted for their low valuations and stable dividend returns, attracting long-term institutional investors [11][12] Group 3 - Two factors are expected to further boost the Hong Kong market: the U.S. interest rate cut cycle, which may lead to a global capital influx, and the continued appreciation of the RMB, increasing the attractiveness of RMB-denominated assets [12] - The company Guangfa Securities recommends a "barbell strategy" for investment, suggesting a long-term allocation to stable value assets while maintaining exposure to growth assets in the Hong Kong market [12] - The Hong Kong Large Cap 30 ETF (520560) is presented as a suitable tool for long-term investment, combining high-growth technology stocks and stable dividend-paying stocks [5][12]

Core Viewpoint - China Mobile's stock experienced a slight decline of 0.17% on December 23, with a trading volume of 1.289 billion yuan, indicating a stable market presence despite minor fluctuations [1] Financing Summary - On December 23, China Mobile had a financing buy-in amount of 108 million yuan, with a net financing buy of 14.72 million yuan after repayments of 93.6 million yuan [1] - The total financing and securities balance for China Mobile reached 2.496 billion yuan, with the financing balance accounting for 2.73% of the circulating market value, indicating a high level compared to the past year [1] - In terms of securities lending, 700 shares were repaid while 4,200 shares were sold, resulting in a selling amount of 424,200 yuan, with a remaining securities lending balance of 8.3 million shares valued at 838.22 million yuan, also at a high level compared to the past year [1] Company Overview - China Mobile Limited, established on September 3, 1997, and listed on January 5, 2022, is primarily engaged in telecommunications and information services [2] - The company's business segments include personal market services (mobile communication and internet access), family market services (broadband access), enterprise market services (basic communication and DICT solutions), and emerging market services (international business and digital content) [2] - As of September 30, 2025, China Mobile reported a revenue of 794.67 billion yuan, a year-on-year increase of 0.41%, and a net profit attributable to shareholders of 115.35 billion yuan, up 4.03% year-on-year [2] Dividend Information - Since its A-share listing, China Mobile has distributed a total of 376.29 billion yuan in dividends, with 291.09 billion yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for China Mobile reached 150,500, an increase of 65.48% from the previous period, while the average circulating shares per person decreased by 41.63% to 6,314 shares [2][3] - Among the top ten circulating shareholders, Huaxia SSE 50 ETF is a new entrant holding 17.23 million shares, while Hong Kong Central Clearing Limited has exited the top ten list [3]

智通财经APP获悉，根据2025年12月23日披露数据，中国电信（00728）、绿色动力环保（01330）、大 眾公用（01635）位居港股通持股比例前3位，分别为71.99%、70.09%、68.82%。此外，小米集团－Ｗ （01810）、腾讯控股（00700）、阿里巴巴－W（09988）在最近有统计数据的5个交易日内，持股额增 幅最大，分别为+20.16亿元、+16.55亿元、+14.46亿元;中国移动（00941）、盈富基金（02800）、中国 财险（02328）在最近有统计数据的5个交易日内，持股额减幅最大，分别为-27.51亿元、-13.48亿 元、-6.40亿元。 具体数据如下（交易所数据根据T+2日结算）： 1、港股通最新持股比例排行（前20名） | 公司名称 | 持股数量 | 最新持股比例 | | --- | --- | --- | | 中国电信(00728) | 99.90亿股 | 71.99% | | 绿色动力环保(01330) | 2.83亿股 | 70.09% | | 大眾公用(01635) | 3.67亿股 | 68.82% | | 凯盛新能(01108) | 1.70亿股 | 67 ...

Core Insights - Tencent Holdings (00700), Alibaba-W (09988), and Hong Kong Exchanges (00388) ranked as the top three in net inflow of southbound funds, with net inflows of 1.114 billion, 1.047 billion, and 309 million respectively [1] - China Mobile (00941), Luoyang Molybdenum (03993), and CICC (03908) led the market in net outflows, with net outflows of -1.055 billion, -179 million, and -177 million respectively [1] Net Inflow Summary - Tencent Holdings (00700) had a net inflow of 1.114 billion, representing a 10.22% increase in share price to 614.000 [2] - Alibaba-W (09988) saw a net inflow of 1.047 billion, with a 10.23% increase in share price to 145.300 [2] - Hong Kong Exchanges (00388) recorded a net inflow of 309 million, with a 23.18% increase in share price to 407.000 [2] Net Outflow Summary - China Mobile (00941) experienced the highest net outflow of -1.055 billion, with a -42.32% change in share price to 83.900 [2] - Luoyang Molybdenum (03993) had a net outflow of -179 million, with a -24.13% change in share price to 18.770 [2] - CICC (03908) recorded a net outflow of -177 million, with a -20.14% change in share price to 20.340 [2] Net Inflow Ratio Summary - Southern Hong Kong Stock Connect (03432) had a net inflow ratio of 100.00% with a net inflow of 10.7 million [3] - Southern East-West Select (03441) recorded a net inflow ratio of 82.25% with a net inflow of 5.2606 million [3] - Sinopec Kantons Holdings (00934) had a net inflow ratio of 63.87% with a net inflow of 3.9369 million [3] Net Outflow Ratio Summary - 361 Degrees (01361) had the highest net outflow ratio of -76.65% with a net outflow of -17.4897 million [3] - Ark Health (06086) recorded a net outflow ratio of -58.86% with a net outflow of -3.4293 million [3] - iFlytek Medical Technology (02506) had a net outflow ratio of -57.58% with a net outflow of -3.3443 million [3]

深市港股通前十大成交活跃股中，成交额居首的是腾讯控股，成交金额20.41亿港元；其次是中芯国 际、阿里巴巴-W，成交金额分别为15.42亿港元、13.27亿港元。以净买卖金额统计，有6只股为净买 入，净买入金额最多的是中芯国际，净买入4.88亿港元，该股收盘平盘报收。净卖出金额最多的是中国 移动，净卖出4.93亿港元，收盘股价下跌1.02%。（数据宝） 12月23日港股通成交活跃股 代码 简称 类型 成交金额 （%） 09988 阿里巴巴-W 港股通(沪) 386301.58 136716.49 0.55 00700 腾讯控股 港股通(沪) 350723.39 -77778.12 -2.03 00941 中国移动 港股通(沪) 220411.88 -148210.95 -1.02 00700 腾讯控股 港股通(深) 204078.00 -31037.62 -2.03 00981 中芯国际 港股通(沪) 201939.78 -62929.00 0.00 06869 长飞光纤光缆 港股 通(沪) 170567.82 -4300.18 -5.13 01810 小米集团-W 港股通(沪) 164799.07 -108 ...

Core Viewpoint - The Hong Kong stock market saw a net inflow of 611 million HKD from Northbound trading on December 23, with significant buying in stocks like Alibaba and Meituan, while major sell-offs occurred in China Mobile and Tencent. Group 1: Northbound Trading Summary - Northbound trading recorded a net buy of 611 million HKD, with Shanghai Stock Connect showing a net sell of 582 million HKD and Shenzhen Stock Connect showing a net buy of 1.193 billion HKD [1] - The most bought stocks included Alibaba-W (09988), Meituan-W (03690), and Zijin Mining (02899) [1] - The most sold stocks included China Mobile (00941), Tencent (00700), and SMIC (00981) [1] Group 2: Stock-Specific Details - Alibaba-W (09988) had a net inflow of 1.359 billion HKD, driven by the launch of the AI DingTalk operating system [5] - Meituan-W (03690) received a net buy of 223 million HKD [7] - Zijin Mining (02899) saw a net buy of 111 million HKD, with Macquarie raising its target price by 75% to 40 HKD [5] - Tencent (00700) faced a net sell of 1.088 billion HKD [7] - China Mobile (00941) experienced a net sell of 1.975 billion HKD [7] - SMIC (00981) had a net sell of 141 million HKD, influenced by U.S. export regulations on AI chips [6]

Group 1 - Alibaba-W recorded a net buy of 1.36 billion, while Meituan-W saw a net buy of 0.223 billion, and Zijin Mining had a net buy of 0.111 billion [1][3] - China Mobile experienced a net sell of 1.975 billion, Tencent Holdings had a net sell of 1.088 billion, Kuaishou-W saw a net sell of 0.174 billion, and SMIC had a net sell of 0.141 billion [1][3] - Southbound funds have continuously net sold China Mobile for 8 days, totaling 6.49287 billion HKD [3] Group 2 - Alibaba has released a new end-to-end voice interaction model called Fun-Audio-Chat, which includes open-sourced 8B model weights and inference code [4] - Zijin Mining benefits from the rise in gold prices, which have increased over 71% this year, driven by expectations of interest rate cuts by the Federal Reserve and geopolitical risks [4] - Ganfeng Lithium reports a gradual increase in lithium carbonate futures prices, with optimistic market expectations for future lithium prices due to recovering quarterly performance in lithium companies [4] Group 3 - Kuaishou announced that its live streaming function was attacked on December 22, 2025, but has since been restored, with other services unaffected [5] - Shijiazhuang Pharmaceutical Group's shareholder Cai Dongchen increased his stake by acquiring 3.454 million shares at an average price of 8.1957 HKD per share, totaling approximately 0.11 billion HKD [5]

智通财经APP获悉，2025年12月23日当天，阿里巴巴-W(09988)、腾讯控股(00700)、中国移动(00941)位 居沪港通（南向）成交额前3位，成交额分别为38.63 亿元、35.07 亿元、22.04 亿元；腾讯控股 (00700)、中芯国际(00981)、阿里巴巴-W(09988) 位居深港通（南向）成交额前3位，成交额分别为20.41 亿元、15.42 亿元、13.27 亿元。 沪港通（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) | 38.63 亿元 | +13.67 亿元 | | 腾讯控股(00700) | 35.07 亿元 | -7.78 亿元 | | 中国移动(00941) | 22.04 亿元 | -14.82 亿元 | | 中芯国际(00981) | 20.19 亿元 | -6.29 亿元 | | 长飞光纤光缆(06869) | 17.06 亿元 | -4300.18 万元 | | 小米集团-W(01810) | 16.48 亿元 | -1.09 亿元 | | 快手-W(01024) ...