Core Insights - China Mobile's Migu Digital Media has been selected for the Bank of China's employee training project for 2025-2027, highlighting its strength in financial industry training services and addressing the digital talent development needs of state-owned banks [1][3]. Group 1: Challenges in Talent Development - State-owned banks face three main challenges in talent development: rapid changes in compliance policies, significant differences in learning needs across job levels, and difficulties in quantifying training effectiveness [3]. - The Bank of China's project reflects a growing emphasis on compliance accuracy, user experience, and measurable outcomes in training programs [3]. Group 2: Successful Case Studies - Migu has successfully implemented a dual approach of "online digital library + offline reading space" for the Shanghai Pudong Development Bank, achieving over 85% accuracy in AI book recommendations [4]. - In collaboration with various branches of the Industrial and Commercial Bank of China, Migu has tailored its services to meet diverse employee learning needs, achieving 100% participation in specific projects [4]. Group 3: Key Advantages of Migu's Training Solutions - Migu has developed a comprehensive compliance content matrix that addresses specific job requirements, leveraging a vast library of resources and partnerships with leading educational content providers [7]. - The use of AI technology allows for personalized learning experiences, enhancing engagement and participation rates by 35% [8]. - Migu offers a full-service solution that includes program design, system integration, and real-time tracking of training effectiveness, significantly reducing operational costs for banks [9]. Group 4: Financial Sector Focus - Migu has served over ten thousand corporate clients, impacting more than ten million employees, and has established a strong presence in the financial sector, covering all major state-owned banks and various non-bank financial institutions [14]. - The partnership with the Bank of China represents an opportunity for Migu to further enhance its capabilities in digital talent development, reinforcing its position as a key player in the financial industry's digital transformation [14].

Core Viewpoint - China Mobile and Digital China Information Service Group have jointly launched a quantum secure cloud computer, integrating mobile cloud computing architecture with quantum information technology to enhance security for digital scenarios [1][2] Group 1: Quantum Security Solutions - The quantum secure cloud computer provides a comprehensive security protection system covering terminal authentication, data transmission, and cloud processing [1] - Digital China has been a key player in the quantum communication industry since 2012 and is a significant service provider for China's quantum secure communication trunk line project [1] - The company is a founding member of the Quantum Communication Industry Alliance and serves as the vice president of the Quantum Information Sub-committee [1] Group 2: Product Development and Applications - Digital China has established a subsidiary, "Shenzhou Guoxin," in collaboration with Guodun Quantum to explore product development and industry applications [2] - The company has developed solutions for data encryption transmission, terminal security access, secure instant communication, confidential video conferencing, and secure data encryption [2] - Digital China aims to innovate and iterate its products and services continuously, providing comprehensive digital transformation services for financial institutions and various industries [2]

Core Viewpoint - The 2025 National Cultural and Tourism Brand International Communication Conference was successfully held in Beijing, focusing on the international dissemination of cultural tourism brands and addressing challenges in going global [1][4]. Group 1: Event Overview - The conference was organized by the Beijing International Brand Week Organizing Committee, Enterprise Observation Newspaper, and China National Tourism Magazine, aiming to promote the internationalization of cultural tourism brands [1]. - Migu Digital Media Co., Ltd. was recognized for its case study on the international dissemination of online literature and web dramas, earning a spot in the "2025 China Cultural Tourism Brand Going Global Top 100 Cases" [1][4]. Group 2: Company Strategy - Migu Digital Media, a subsidiary of China Mobile, actively supports the "going global" cultural strategy by utilizing online literature and micro-dramas to explore new paths for cultural tourism brand internationalization [5]. - The company has a content reserve of over 200,000 authors, 600,000 online literary works, and over 10,000 micro-dramas, focusing on high-quality creation and full-chain development [5]. Group 3: Competitive Advantages - Migu Digital Media's works, such as "Xihua Zhi" and "Tao Sanyuan's Spring, Summer, Autumn, and Winter," effectively convey Chinese culture and contemporary society, receiving national awards and aligning with foreign publicity policies [7][8]. - The company has produced over 3,000 online literary and micro-drama outputs, reaching over 40 countries and regions in more than 10 languages, significantly enhancing the influence of Chinese culture [8]. Group 4: Business Model Innovation - Migu Digital Media has established a multi-dimensional overseas ecosystem by integrating online literature, comics, and films, collaborating with over 30 institutions to promote content localization [10]. - The company has launched the Hong Kong UTV short drama channel, utilizing a membership model to penetrate the Southeast Asian market, demonstrating a sustainable and replicable business model for global cultural dissemination [10]. Group 5: Global Reach and Future Plans - The company employs multi-language content localization, overseas platform distribution, and offline cultural events to reach global audiences, with notable works like "Feng Li Jiang Shan" and "Shan Hun Fu Qi Chong Wa Ri Chang" gaining popularity [13]. - Migu Digital Media plans to leverage its unique platform advantages to enhance quality content production, cross-field collaboration, and flexible dissemination strategies, aiming to provide replicable "content going global" models for the cultural tourism industry [13].

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 【巨头风向标】 中国移动被调出上证50指数，机构称不代表基本面变化 近日，上交所和中证指数公司公告了2025年下半年的调样安排。根据指数编制方案，上证50指数对样本 空间内的证券按照过去一年的A股日均总市值、日均成交金额进行综合排名。如中国移动今年以来股价 小幅下跌约5%，A股总市值约为1000亿元，最新排名位于沪市第100名左右，结合成交金额后的综合排 名不满足上证50指数的纳入条件，因此在本次调样中被调出。本次调样实施后，中国移动仍为上证 180、沪深300、中证A500等主要指数的成份股，调出上证50指数并不代表其基本面发生了变化。同 时，因权重有限，亦不会对其股价产生显著影响，投资者无需多虑。 微软承认Win11新BUG，锁屏界面的"密码登录图标"会离奇消失 微软承认部分Windows 11设备在安装2025年8月可选更新（KB5064081）及后续补丁后，锁屏界面的"密 码登录图标"会离奇消失。主要影响群体是Windows 11 25H2和24H2用 ...

Group 1 - China Mobile has been removed from the SSE 50 Index due to its ranking based on average market capitalization and trading volume, despite a slight stock price decline of approximately 5% this year [2] - The removal does not indicate a change in the company's fundamentals, as it remains part of other major indices like SSE 180 and CSI 300, and is not expected to significantly impact its stock price [2] Group 2 - Shanghai Jiao Tong University plans to establish the world's first undergraduate program in "Embodied Intelligence" starting in 2025, in collaboration with Huawei [4] - The program aims to address the talent gap in the rapidly growing industry by integrating AI, mechanical dynamics, and computer science into its curriculum [4] - The first year will enroll 30 students, and the program will be led by a professor with a strong background in the field [4] Group 3 - ByteDance has launched a new AI model, Vidi2, which is a 12 billion parameter multimodal language model designed for video understanding [5] - Vidi2 can process hours of raw footage to understand storylines and generate complete video segments based on simple prompts, showcasing advanced video comprehension capabilities [5] Group 4 - The demand for AI is driving up the prices of high-end materials in the PCB industry, with significant shortages reported [6] - Companies are experiencing price increases for high-performance products, with some materials priced at six times that of standard products due to scarcity [6] - The industry is adjusting production processes to meet the growing demand for lightweight and high-performance materials in AI and robotics applications [6] Group 5 - AMD has confirmed the upcoming release of the Ryzen 7 9850X3D processor, which is expected to be unveiled at CES 2026 [8] - This new processor is anticipated to have a clock speed 500 MHz higher than its predecessor, the R7 9800X3D [8] Group 6 - Huadian Technology has submitted an application for H-share listing on the Hong Kong Stock Exchange [9] - The application is currently in draft form and will require approval from relevant government and regulatory bodies [9] Group 7 - Shanghai Yixin Communication Technology has also submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the exclusive sponsor [10]

会议指出，近年来各单位认真贯彻落实党中央、国务院决策部署，按照2021年中国人民银行等十部门联 合发布的《关于进一步防范和处置虚拟货币交易炒作风险的通知》要求，坚决打击虚拟货币交易炒作， 整顿虚拟货币乱象，取得明显成效。近期，受多种因素影响，虚拟货币投机炒作有所抬头，相关违法犯 罪活动时有发生，风险防控面临新形势、新挑战。 会议强调，虚拟货币不具有与法定货币等同的法律地位，不具有法偿性，不应且不能作为货币在市场上 流通使用，虚拟货币相关业务活动属于非法金融活动。稳定币是虚拟货币的一种形式，目前无法有效满 足客户身份识别、反洗钱等方面的要求，存在被用于洗钱、集资诈骗、违规跨境转移资金等非法活动的 风险。 会议要求，各单位要坚持以习近平新时代中国特色社会主义思想为指导，全面落实党的二十大和二十届 历次全会精神，把防控风险作为金融工作的永恒主题，继续坚持对虚拟货币的禁止性政策，持续打击虚 拟货币相关非法金融活动。各单位要深化协同配合，完善监管政策和法律依据，聚焦信息流、资金流等 重点环节，加强信息共享，进一步提升监测能力，严厉打击违法犯罪活动，保护人民群众财产安全，维 护经济金融秩序稳定。 【钛媒体综合】据央行网站 ...

Core Insights - The top three stocks with net inflows are Alibaba-W (09988) with 1.522 billion, Pop Mart (09992) with 385 million, and China Merchants Bank (03968) with 330 million [1] - The top three stocks with net outflows are the Tracker Fund of Hong Kong (02800) with -2.261 billion, Tencent Holdings (00700) with -1.182 billion, and Hang Seng China Enterprises (02828) with -833 million [1] - In terms of net inflow ratios, China National Freight (00598) leads with 73.90%, followed by Southern Eastern Select (03441) with 64.44%, and COSCO Shipping Ports (01199) with 60.69% [1] - The stocks with the highest net outflow ratios include Ruian Real Estate (00272) at -64.09%, CNOOC Services (02883) at -62.56%, and Haitian International (01882) at -55.09% [1] Net Inflow Rankings - The top ten stocks by net inflow include: - Alibaba-W (09988): 1.522 billion, 8.82% [2] - Pop Mart (09992): 385 million, 19.66% [2] - China Merchants Bank (03968): 330 million, 32.52% [2] - CSPC Pharmaceutical Group (01093): 241 million, 20.20% [2] - Vanke Enterprises (02202): 196 million, 35.18% [2] - Yangtze Optical Fibre and Cable (06869): 180 million, 11.11% [2] - China Life Insurance (02628): 168 million, 15.04% [2] - UBTECH Robotics (09880): 148 million, 21.68% [2] - Bilibili-W (09626): 135 million, 20.46% [2] - Lion Group (02562): 132 million, 17.89% [2] Net Outflow Rankings - The top ten stocks by net outflow include: - Tracker Fund of Hong Kong (02800): -2.261 billion, -16.10% [2] - Tencent Holdings (00700): -1.182 billion, -13.16% [2] - Hang Seng China Enterprises (02828): -833 million, -10.01% [2] - Meituan-W (03690): -365 million, -2.74% [2] - China Mobile (00941): -268 million, -23.21% [2] - SMIC (00981): -255 million, -7.67% [2] - Hua Hong Semiconductor (01347): -227 million, -10.96% [2] - China Hongqiao Group (01378): -196 million, -18.31% [2] - BYD Company (01211): -153 million, -5.55% [2] - HSBC Holdings (00005): -153 million, -14.03% [2] Net Inflow Ratios - The top stocks by net inflow ratio include: - China National Freight (00598): 73.90%, 13.0298 million [3] - Southern Eastern Select (03441): 64.44%, 3.7299 million [3] - COSCO Shipping Ports (01199): 60.69%, 11.5153 million [3] - Qingdao Bank (03866): 54.25%, 11.6628 million [3] - China Power (02380): 51.21%, 15.0679 million [3] - Tanwan (09890): 47.54%, 2.8146 million [3] - Power Development (01277): 47.25%, 9.1556 million [3] - Shougang Resources (00639): 45.84%, 15.6165 million [3] - Dashi Holdings (01405): 44.46%, 5.6236 million [3] - Qingdao Port (06198): 44.08%, 2.5357 million [3] Net Outflow Ratios - The top stocks by net outflow ratio include: - Ruian Real Estate (00272): -64.09%, -1.9067 million [3] - CNOOC Services (02883): -62.56%, -56.8889 million [3] - Haitian International (01882): -55.09%, -10.1836 million [3] - Hong Kong and China Gas (00003): -54.67%, -129 million [3] - Angelalign Technology (06699): -48.57%, -34.5458 million [3] - Anhui Wanshan Expressway (00995): -46.19%, -22.9518 million [3] - 361 Degrees (01361): -42.89%, -3.5273 million [3] - Greentown Management Holdings (09979): -42.86%, -5.2056 million [3] - Weigao Group (01066): -42.55%, -44.5428 million [3] - Fenbi (02469): -41.23%, -14.4094 million [3]

Core Viewpoint - The Shanghai Stock Exchange and China Securities Index Company announced the index adjustment arrangements for the second half of 2025, with China Mobile being removed from the SSE 50 Index, raising market attention [1] Group 1: Index Adjustment Details - China Mobile, which ranks fourth in total market capitalization among H-shares in the Shanghai market, has been removed from the SSE 50 Index due to its ranking based on average daily market capitalization and trading volume over the past year [1] - The stock price of China Mobile has slightly decreased by approximately 5% this year, with its A-share total market capitalization around 100 billion yuan, placing it around the 100th position in the Shanghai market [1] Group 2: Implications of the Adjustment - Despite being removed from the SSE 50 Index, China Mobile remains a constituent of major indices such as the SSE 180, CSI 300, and CSI A500, indicating that its fundamental performance has not changed [1] - The market expert noted that the limited weight of China Mobile in the SSE 50 Index will not have a significant impact on its stock price [1]

Core Viewpoint - The announcement by the Shanghai Stock Exchange and China Securities Index Company regarding the index adjustment for the second half of 2025 has led to the removal of China Mobile from the SSE 50 Index, raising market attention [2]. Group 1: Index Adjustment Details - China Mobile, which ranks fourth in total market capitalization among H-shares in the Shanghai market, has been removed from the SSE 50 Index due to its ranking based on average daily total market capitalization and trading volume over the past year [2]. - The stock price of China Mobile has slightly decreased by approximately 5% this year, with its A-share total market capitalization around 100 billion yuan, placing it around the 100th position in the Shanghai market [2]. Group 2: Implications of Removal - Despite being removed from the SSE 50 Index, China Mobile remains a constituent of other major indices such as the SSE 180, CSI 300, and CSI A500, indicating that its fundamental performance has not changed [2]. - The limited weight of China Mobile in the SSE 50 Index is expected to have no significant impact on its stock price following this adjustment [2].

Group 1 - A serious fire occurred in Hong Kong's Tai Po district, resulting in significant casualties and prompting the Hong Kong SAR government to activate an emergency rescue mechanism [1] - China Mobile and its local entities provided various communication support and community services, including a donation of 10 million HKD to assist affected residents [1] - The company expressed deep condolences to the victims and their families, and paid tribute to the firefighters and rescue personnel involved in the incident [1] Group 2 - China Mobile will continue to monitor the situation and provide 24/7 emergency communication support to ensure stable internet and communication services for affected residents [1] - The company has waived communication service and home broadband fees for impacted customers in Tai Po, and is facilitating quick replacement of lost mobile phones or SIM cards [1] - These efforts are aimed at supporting the Hong Kong SAR government's post-disaster reconstruction work [1]