Group 1 - Citigroup maintains a "Buy" rating for China Hongqiao (01378) and raises the target price from HKD 25.2 to HKD 36, designating it as a preferred stock [1] - The management of China Hongqiao has confirmed its commitment to enhancing shareholder returns through dividends and share buybacks, while also seeking greener electricity supplies in China [1] - The chairman of China Hongqiao expresses caution regarding the expansion of aluminum production capacity in Indonesia [1] Group 2 - Citigroup remains optimistic about the aluminum industry, expecting tight supply due to China's production capacity limits (annual capacity of 45.2 million tons) and no explosive capacity increases in Indonesia, which will help maintain high aluminum margins [2] - Earnings forecasts for China Hongqiao for 2025, 2026, and 2027 have been raised by +2%, +5%, and +7% respectively, reflecting higher aluminum and alumina sales and increased average aluminum price predictions [2] Group 3 - The company is focused on maintaining a high dividend payout ratio and share buybacks to enhance shareholder returns, with a projected dividend yield of 6.7% for 2026, despite strong stock performance year-to-date [3] - Citigroup anticipates that China Hongqiao will continue to benefit from sustained high aluminum margins and will undergo valuation reassessment [3]

港股新能源汽车概念股走低，小鹏汽车跌超5%，赛力斯跌超4%，比亚迪股份、蔚来汽车跟跌。 ...

Core Insights - Yuexiu Property achieved a contract sales amount of approximately RMB 12.29 billion in October 2025, representing a year-on-year decrease of about 8.0% [1] - For the period from January to October 2025, the cumulative contract sales amount reached approximately RMB 92.102 billion, a year-on-year increase of about 1.2%, while the cumulative contract sales area decreased by approximately 25.1% [1] - The cumulative contract sales amount accounted for 76.4% of the company's contract sales target of RMB 120.5 billion for 2025 [1] Land Acquisition Summary - In October 2025, Yuexiu Property acquired five new land parcels, including three residential plots in Guangzhou with a total buildable area of approximately 167,800 square meters and total land costs of RMB 33.27 billion [2] - Additionally, a residential and cultural land parcel in Shanghai was acquired with a buildable area of approximately 153,900 square meters at a land cost of RMB 14.7 billion [2] - A residential land parcel in Chengdu was also acquired, with a buildable area of approximately 115,200 square meters and a land cost of RMB 12.55 billion [2]

（文章来源：每日经济新闻） 每经AI快讯，天立国际控股(01773.HK)涨超6%，截至发稿，涨6.53%，报2.61港元，成交额1.37亿港 元。 ...

来源：环球网 近年来，中原银行平顶山分行持续深耕养老金融领域，从服务升级适老化、养老产品多元化、金融宣传 普及化等方面，打造多层次养老金融服务体系，书写群众"老有所养、老有所乐"的中原答卷。 据悉，平顶山分行营业部联合三甲医院，定期开展免费体检、健康讲座，为老年客户建立专属健康档 案，实现金融需求与健康需求的精准对接。 如今的平顶山分行营业部，已形成"金融服务+生活关怀"双核心模式，辐射周边5个大型居民区，被中国 银行业协会评为四星级银行网点。 这是中原银行平顶山分行打造的全市首家养老金融示范网点，也是其深耕养老金融的一个缩影。 筑牢安全守护网，暖心守护老年人"钱袋子" 针对老年人金融诈骗高发问题，中原银行平顶山分行构建了"教育—预警—应急"三重防线体系，以实际 行动守护群众"钱袋子"。 升级适老化服务，打造全市首家养老金融示范网点 10月20日下午，81岁的陈秀花来到中原银行平顶山分行营业部，准备把到期的4万元定存办理续存。营 业部总经理助理许元元看见后，赶忙把陈秀花搀到大堂敬老爱心专座，推来移动填单台，指导她填写定 存单据。 作为全市首家养老金融示范网点，平顶山分行营业部立足老年群体需求，对网点进行全方位 ...

招银国际发布研报称，恒生指数正式将"恒生资讯科技业指数"更名为"恒生半导体行业主题指数"，并将 贝克微(02149)纳入成份股，自2025年11月7日起生效。该行认为，这将为贝克微带来结构性利好，公司 将有望受益于潜在被动资金流入提升市场流动性的同时，吸引主动管理型基金的关注。该行重申"买 入"评级，维持目标价93港元，基于26.6倍2025年预测市盈率。 该行认为，公司的估值有望受益于如恒生半导体指数重新分类等利好因素的驱动，迎来重估的机会。建 议投资者密切关注与指数纳入相关的潜在被动资金的流入。该行指，在此前行业下行周期中，公司的高 盈利能力展现出韧性，凸显了其独特的商业模式和卓越的运营能力。该行预计公司2025年净利润将增长 21%，净利率将维持在25%以上。公司目前的估值为14.7倍及11.6倍2025/26年预测市盈率，较A股及全 球同业存在显著折价。 ...

10月31日，绿城管理一场反路演活动落地。 在当下代建行业正处在超百家房企扎堆涌入、头部集中度短期下降、管理费率持续压缩的关键调整期，市场对企业履约能力与 抗风险水平的关注度持续提升。 绿城管理这场"请进来"的沟通并非刻意造势，而是在行业信息不对称加剧的背景下，借助武汉桂湖云翠项目的复工实景与经营 数据，直观展示出将纾困项目焕新为热盘的体系化能力，以此与投资者搭建信任桥梁。 从数据维度看，绿城管理连续9年新拓面积市占率超20%，意味着每5个代建项目中就有1个选择绿城管理，远超行业平均水平。 长期稳定的市场份额背后，是客户对其履约能力、产品品质的持续认可。 财报显示，2025年上半年实现新拓代建项目建筑面积1989万平方米，同比增长13.9%。新拓代建项目代建费约50亿元，同比增 长19.1%，代建销售额419亿元，交付建筑面积465万平方米。 代建费增速高于新拓面积增速，说明其在规模扩张中兼顾"量"与"质"，项目盈利性未被稀释。而最新披露的前三季度2790万平 方米新签规模，更进一步拉大绿城管理与第二名的差距，头部地位愈发稳固。 反路演结束后，中金公司亦是发布研报，维持绿城管理"跑赢行业"评级，认可其行业竞争 ...

消息面上，10月28日，四川省基础教育"网链共享计划"·成都市"人工智能+教学"应用场景建设推进会暨 青羊区"人工智能+教育"主题研讨活动在成都成功举办。天立国际控股集团董事局主席兼总裁罗实作为 行业代表受邀出席，并在主旨报告环节发表题为《AI技术深耕教育场景的研发实施与行业实践探索》 的专题演讲。他分享了"天立启鸣AI学伴"的实践成果。该系统已接入全国107所学校，服务师生超25万 人次，这为探索"人工智能+教学"新模式提供了有益实践。 国信证券此前指出，"天立启鸣AI学伴"是由天立国际集团推出的教育垂域大模型，已通过国家备案并实 现规模化教学应用，已在全国107所学校25万师生中应用；AI冲刺营提分效果显著，产品稳步推广，已 与多所学校签约合作；值得注意的是，今年8月1日，天立教育集团旗下立高分·启鸣AI北京首家旗舰店 正式启幕。 智通财经APP获悉，天立国际控股(01773)早盘涨超9%，截至发稿，涨6.53%，报2.61港元，成交额1.37 亿港元。 ...

国信证券此前指出，"天立启鸣AI学伴"是由天立国际集团推出的教育垂域大模型，已通过国家备案并实 现规模化教学应用，已在全国107所学校25万师生中应用；AI冲刺营提分效果显著，产品稳步推广，已 与多所学校签约合作；值得注意的是，今年8月1日，天立教育集团旗下立高分.启鸣AI北京首家旗舰店 正式启幕。 天立国际控股(01773)早盘涨超9%，截至发稿，涨6.53%，报2.61港元，成交额1.37亿港元。 消息面上，10月28日，四川省基础教育"网链共享计划".成都市"人工智能+教学"应用场景建设推进会暨 青羊区"人工智能+教育"主题研讨活动在成都成功举办。天立国际控股集团董事局主席兼总裁罗实作为 行业代表受邀出席，并在主旨报告环节发表题为《AI技术深耕教育场景的研发实施与行业实践探索》 的专题演讲。他分享了"天立启鸣AI学伴"的实践成果。该系统已接入全国107所学校，服务师生超25万 人次，这为探索"人工智能+教学"新模式提供了有益实践。 ...

Core Points - The event "Rest Assured, Enjoy with Confidence" aimed to enhance consumer rights awareness among food delivery riders and promote a healthy consumption ecosystem involving merchants, riders, and consumers [1][2] - Over 150 food delivery riders participated in the event, where key ordering tips were shared to help consumers make informed choices [1] - The initiative reflects a shift towards collaborative urban governance, with food delivery riders becoming new advocates for consumer rights [2] Group 1 - The event was co-hosted by Hangzhou Consumer Protection Committee and Fuyang District Consumer Protection Committee, focusing on experience sharing, safety training, and volunteer recruitment [1] - Key ordering tips included choosing licensed and reputable restaurants, checking recent user reviews, confirming food packaging integrity, and saving order receipts [1] - The atmosphere at the event was enthusiastic, with significant participation from the delivery rider community [1] Group 2 - The "Hangzhou Volunteer Team" recruitment was launched during the event, with riders eager to join and serve as mobile advocates for consumer rights [2] - Newly recruited volunteers will leverage their extensive coverage and flexibility to disseminate consumer rights knowledge while delivering food [2] - Fuyang District has already established a network of food safety riders and has effectively addressed reported food safety issues, enhancing market integrity [2]