Group 1 - Southbound funds net bought Hong Kong stocks worth 2.258 billion HKD today [1] - The top net purchases included China Mobile at 512 million HKD, Hua Hong Semiconductor at 396 million HKD, Pop Mart at 322 million HKD, Meituan-W at 166 million HKD, and Sanhua Intelligent Control at 114 million HKD [1] - The top net sales included Alibaba-W at 522 million HKD, Tencent Holdings at 356 million HKD, and Li Auto-W at 292 million HKD [1] Group 2 - Southbound funds have net bought SMIC for six consecutive days, totaling 3.01773 billion HKD [1]

Core Viewpoint - The leadership change at China Mobile involves the appointment of Chen Zhongyue as the new Chairman and Party Secretary, replacing Yang Jie, which may impact the company's strategic direction and operational performance [1][2]. Leadership Changes - Chen Zhongyue has been appointed as the Chairman and Party Secretary of China Mobile, previously serving as the Chairman and Party Secretary of China Unicom [1]. - Yang Jie has been relieved of his duties as Chairman and Party Secretary of China Mobile [1][2]. Company Financial Performance - In Q3, China Mobile reported a revenue of 250.9 billion yuan, representing a year-on-year increase of 2.5% [4]. - The main business revenue was 216.2 billion yuan, with a growth of 0.8%, while other business revenue reached 34.7 billion yuan, growing by 14.8% [4]. - The net profit attributable to shareholders was 31.1 billion yuan, reflecting a 1.4% increase year-on-year [4]. - For the first three quarters of the year, the total revenue was 794.7 billion yuan, up by 0.4%, and the net profit attributable to shareholders was 115.4 billion yuan, growing by 4% [4].

据中国移动（600941）微信公众号消息，2025年10月28日，中国移动通信集团有限公司召开中层以上管 理人员大会。中央组织部有关负责同志宣布了党中央关于中国移动通信集团有限公司主要负责同志调整 的决定：陈忠岳同志任中国移动通信集团有限公司董事长、党组书记，免去其中国联合网络通信集团有 限公司董事长、党组书记职务；免去杨杰同志的中国移动通信集团有限公司董事长、党组书记职务。相 关职务任免按有关法律和章程的规定办理。 2021年1月，陈忠岳任中国联通董事、总经理、党组副书记，2023年11月任中国联通董事长、党组书 记。 此番卸任的杨杰，出生于1962年7月。 据介绍，中国移动通信集团有限公司是按照国家电信体制改革的总体部署，于2000年组建成立的中央企 业，2004年在香港和纽约实现主营业务资产整体上市，2022年1月5日回归A股上市、成为"红筹公司回 归A股主板上市第一股"，注册资本3000亿元人民币，资产规模2.5万亿元人民币。连续20年获国资委中 央企业负责人经营业绩考核A级，入选中央企业科技创新优秀企业榜单、位列首位，连续24年入选《财 富》世界500强企业、最新排名第55位。 公开简历显示，陈忠岳 ...

中国移动(00941)获净买入5.12亿港元。消息面上，根据智通财经，2025中国移动全球合作伙伴大会上，中国移动发 布"AI+"行动计划，到2028年底，中国移动对人工智能领域的总体投入翻一番，建成国内规模最大的智算基础设施，探索 十万卡智算集群建设，全国产智能算力规模突破100EFLOPS。国金证券表示，看好AI业务给公司带来的高成长潜力。 智通财经APP获悉，10月28日港股市场，北水成交净买入22.58亿港元，其中港股通(沪)成交净买入18.12亿港元，港股通 (深)成交净买入4.46亿港元。 北水净买入最多的个股是中国移动(00941)、华虹半导体(01347)、泡泡玛特(09992)。北水净卖出最多的个股是阿里巴巴- W(09988)、腾讯(00700)、理想汽车-W(02015)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 中芯国际 HK 00981 | 24.25 乙 | 25.91 乙 | 50.17 亿 | | | | | -1.66 亿 | | 阿里巴巴-W HK 09988 | 20.89 ...

Core Viewpoint - The leadership of China Mobile Communication Group Co., Ltd. has undergone a significant change with the appointment of Chen Zhongyue as the new Chairman and Party Secretary, replacing Yang Jie [1] Group 1: Leadership Changes - Chen Zhongyue has been appointed as the Chairman and Party Secretary of China Mobile Communication Group Co., Ltd. [1] - Yang Jie has been relieved of his duties as Chairman and Party Secretary of China Mobile Communication Group Co., Ltd. [1] - The adjustments in leadership were announced by officials from the Central Organization Department and will be carried out according to relevant laws and regulations [1]

人民财讯10月28日电，2025年10月28日，中国移动（600941）通信集团有限公司召开中层以上管理人员 大会。中央组织部有关负责同志宣布了党中央关于中国移动通信集团有限公司主要负责同志调整的决 定：陈忠岳任中国移动通信集团有限公司董事长、党组书记，免去其中国联合网络通信集团有限公司董 事长、党组书记职务；免去杨杰的中国移动通信集团有限公司董事长、党组书记职务。相关职务任免按 有关法律和章程的规定办理。 ...

10月28日下午消息：中国移动原董事长杨杰先生退休；原中国联通董事长陈忠岳先生担任中国移动董事长。 陈忠岳工作经历： 曾先后担任中国电信杭州分公司总经理，中国电信浙江分公司副总经理、党组成员，中国电信公众客户事业部总 经理，中国电信山西分公司总经理、党组书记。 2014 年 10 月，任中国电信集团公司党组成员、副总经理，2014 年 12 月，获委任为中国电信执行副总裁。 2021 年 1 月，任中国联合网络通信集团有限公司董事、总经理、党组副书记。 2023 年 11 月 25 日，任中国联合网络通信集团有限公司董事长、党组书记。 2024 年 6 月 17 日，当选为中国联合网络通信股份有限公司第八届董事会董事长。 ...

Core Viewpoint - China Mobile has completed the final batch of share conversions for the "Pudong Development Bank Convertible Bonds," marking the end of the conversion process [2][5]. Group 1: Conversion Details - On October 27, China Mobile exercised its conversion rights, converting RMB 366,000 worth of Pudong Development Bank A-share convertible bonds at a price of RMB 12.51 per share, resulting in approximately 29,300 shares [4]. - Prior to the conversion, China Mobile held 6,053,466,194 shares of Pudong Development Bank, representing 18.18% of the bank's issued capital. After conversion, the total shares held increased to 6,053,495,450, maintaining the same percentage of ownership [4]. - The conversion process has reached a cumulative conversion ratio of 99.67% as of October 24, 2023, indicating a high level of participation from investors [6][7]. Group 2: Strategic Implications - The conversion of the convertible bonds is expected to enhance Pudong Development Bank's core Tier 1 capital, improving its capital strength and risk resilience, which will allow China Mobile to better share in the bank's operational success [4]. - The management of Pudong Development Bank has demonstrated a clear commitment to promoting the conversion and capital replenishment, as evidenced by the orderly process of introducing strategic investors and facilitating major shareholder conversions [7]. - Following the conversion, the core Tier 1 capital adequacy ratio of Pudong Development Bank is projected to increase by approximately 0.1 percentage points to 9%, providing room for expansion [7].

Core Points - China Mobile has completed the final batch of share conversions for the "Pudong Development Bank Convertible Bonds," marking the end of the conversion process [2][4] - The conversion involved China Mobile converting RMB 366,000 worth of Pudong Development Bank A-share convertible bonds at a price of RMB 12.51 per share, resulting in approximately 29,300 new shares [3][4] - Following the conversion, China Mobile's total holdings in Pudong Development Bank increased to 6,053,495,450 shares, maintaining an ownership stake of 18.18% [3][4] Summary by Sections Conversion Process - The conversion process for the "Pudong Development Bank Convertible Bonds" has reached a cumulative conversion rate of 99.67% as of October 24 [4] - The bonds were issued in November 2019 with a total scale of RMB 50 billion, making it the largest issuance of convertible bonds at that time [4] Strategic Implications - The conversion is expected to enhance Pudong Development Bank's core Tier 1 capital and improve its capital strength and risk resilience [3][4] - The management of Pudong Development Bank has demonstrated a clear commitment to capital replenishment through this conversion process [4] Financial Impact - Post-conversion, the core Tier 1 capital adequacy ratio of Pudong Development Bank is projected to increase by approximately 0.1 percentage points to 9% [4] - The dilution effect on dividend yield is expected to be limited, with a forecasted decrease of 0.3 percentage points to 3% by 2025 [4][5]

Core Viewpoint - The article highlights the initiatives taken by China Mobile's Taizhou branch to enhance local economic development and improve citizens' quality of life through industry collaboration and technological services [1]. Group 1: Industry Collaboration - Taizhou Mobile and Huawei co-hosted the "2025 Taizhou Mobile Huawei Product Exhibition," showcasing over 30 representatives from the terminal industry chain, emphasizing the effective practice of upgrading the local industry chain [2]. - The collaboration between communication enterprises and terminal industry partners is described as a "strong union" that not only complements technology but also boosts local employment and tax revenue [2]. - The exhibition focused on Huawei's new products, with experts providing detailed explanations on performance, functionality, and user experience, enhancing the recognition and sales of mobile terminals and related products [2]. Group 2: Technology and Cultural Integration - The "Vivo Cup Photography Contest and X300 New Product Appreciation Meeting" was launched by Taizhou Mobile and Vivo, merging technology with local culture, particularly the early tea culture of Taizhou [3]. - The photography contest encourages citizens to capture the essence of early tea making and the communal experience of tea drinking, revitalizing traditional culture through digital means and attracting tourists [3]. - The concurrent "Vivo Mobile Cup Taizhou Early Tea Photography Exhibition" further ignited public participation, showcasing diverse perspectives and expressions of love for life through photography [3]. Group 3: Future Directions - Moving forward, Taizhou Mobile aims to deepen collaborations with companies like Huawei and Vivo, exploring new applications of 5G and AI technologies in industry and cultural tourism to foster economic growth [4]. - The company plans to continuously upgrade public services, optimizing communication network coverage and launching convenient digital services to ensure that technological benefits reach the citizens effectively [4]. - Taizhou Mobile is committed to taking practical actions and providing warm services to build a new industrial high ground and enhance the prosperity of the local economy and the happiness of its citizens [4].