Core Viewpoint - The article discusses the misinformation surrounding the compliance order issued by the FCC to the three major telecom operators in Hong Kong, emphasizing that claims of urgent rectification under FCC pressure are unfounded and misleading [1][2][4]. Group 1: FCC Compliance Order Background - The FCC established the RMD mechanism in 2020 to enhance transparency and effective automatic call mitigation [3]. - On March 16, 2023, the FCC revised Rule 64.6305 to strengthen information requirements for RMD certification and expanded obligations for both new and existing submitters [3]. - Additional amendments were made on May 18, 2023, requiring service providers to respond to trace requests within 24 hours [3]. Group 2: Response of Telecom Operators - The three major telecom operators received two notifications from the FCC's Wireless Competition Bureau (WCB) in 2024, requiring them to comply with updated RMD requirements [4]. - Despite these notifications, the operators did not respond until the FCC issued a final compliance order on December 8, 2025, indicating a consistent disregard for the FCC's requests [4][5]. - The operators' lack of response suggests they were not actively working on compliance as claimed by various media outlets [4][5]. Group 3: Misinformation from Media - Various self-proclaimed industry insiders have spread false narratives about the operators' urgent compliance efforts, which are characterized as misleading and harmful [2][4]. - Claims of the operators forming special response teams and rapidly preparing compliance materials are dismissed as fabrications [2][4]. - The article stresses the need to expose and refute these misleading reports to clarify the actual situation [2][4]. Group 4: Implications of FCC's Final Order - The FCC's final order requires the operators to respond within 14 days, but it is unlikely that they can complete the necessary rectifications in such a short timeframe [6][8]. - The order also includes a stipulation that even if the operators correct their RMD certifications, they must provide convincing evidence that their presence does not threaten national security [6]. - The article concludes that the operators are likely taking measures to ensure normal international communication operations, despite not complying with the FCC's demands [9].

南向资金今日净卖出11.75亿港元，中国移动、腾讯控股、阿里巴巴-W分别遭净卖出7.11亿港元、6.11亿 港元、2.88亿港元。净买入方面，中芯国际、农业银行、华虹半导体净买入额位列前三，分别获净买入 4.91亿港元、1.75亿港元、1.06亿港元。 (本文来自第一财经) ...

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。 ...

Core Viewpoint - The central enterprises' meeting held on December 22-23 outlines key tasks for 2026, emphasizing steady progress, quality improvement, and effective management of reforms and development to ensure a strong start for the 15th Five-Year Plan [1] Group 1: Key Tasks for 2026 - The meeting identified five key tasks for central enterprises in 2026, including enhancing the quality and market value management of listed companies, promoting strategic and specialized restructuring and high-quality mergers and acquisitions, and improving the contractual management level of managerial staff [1][4] - Emphasis will be placed on stabilizing operations and improving efficiency, utilizing big data and industry models to capture market demand, and fostering new consumption scenarios in sectors like culture, tourism, digital, and health [4][5] Group 2: Performance and Progress - From January to November, central enterprises achieved a value-added output of 9.5 trillion yuan, a year-on-year increase of 1.4%, with fixed asset investment (excluding real estate) reaching 3.3 trillion yuan, up 0.7% [2] - R&D investment totaled 890.16 billion yuan, with an R&D intensity of 2.62%, indicating steady improvement in innovation capabilities [2] Group 3: Industry Upgrades and Innovations - The "Artificial Intelligence+" initiative has created nearly a thousand application scenarios across 16 key industries, enhancing collaboration with over 200 external units [3] - Central enterprises are focusing on upgrading traditional industries and developing emerging sectors, including new energy, new energy vehicles, and new materials [5] Group 4: Reform and Management Enhancements - The meeting highlighted the need for further reforms to enhance the modern enterprise system, improve management and operational frameworks, and deepen the three-system reform [6][7] - The focus will be on establishing a market-oriented research management system and fostering a talent-friendly corporate ecosystem [7]

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]

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]

Group 1 - Southbound funds net bought Hong Kong stocks worth 611 million HKD today, with notable purchases including Alibaba-W (1.36 billion HKD), Meituan-W (223 million HKD), and Zijin Mining (111 million HKD) [1] - Southbound funds have continuously net sold China Mobile for 8 consecutive days, totaling 6.49287 billion HKD [1] - The net selling amounts for Tencent Holdings (1.088 billion HKD), Kuaishou-W (174 million HKD), and SMIC (141 million HKD) were also significant [1] Group 2 - Alibaba-W saw a net buying amount of 1.367 billion HKD with a price increase of 0.6% [2] - Tencent Holdings experienced a net selling of 778 million HKD with a price decrease of 2.0% [2] - China Mobile had a net selling of 1.482 billion HKD with a price decrease of 1.0% [2]

Group 1 - Southbound funds net bought Hong Kong stocks worth 611 million HKD today, with notable purchases including Alibaba-W (1.36 billion HKD), Meituan-W (223 million HKD), and Zijin Mining (111 million HKD) [1] - Southbound funds have continuously net sold China Mobile for 8 consecutive days, totaling 6.49287 billion HKD [1] - Tencent Holdings saw a net sell of 1.088 billion HKD, while Kuaishou-W and SMIC experienced net sells of 174 million HKD and 141 million HKD respectively [1] Group 2 - Alibaba-W experienced a price increase of 0.6% with a net buy of 1.367 billion HKD and a transaction volume of 3.863 billion HKD [3] - Tencent Holdings declined by 2.0% with a net sell of 778 million HKD and a transaction volume of 3.507 billion HKD [3] - China Mobile's stock fell by 1.0% with a net sell of 1.482 billion HKD and a transaction volume of 2.204 billion HKD [3]