| | 沪股通 | | | | | --- | --- | --- | --- | --- | | 名称 | 涨跌幅 | 净买入额(亿) | 成交额 | 名称 | | 中芯国际 | 3.1% | 0.65 | 29.39亿 | 中芯国际 | | 阿里巴巴-W | -0.8% | -1.57 | 19.46 Z | 阿里巴巴-W | | 中国移动 | -0.1% | -5.13 | 10.41 Z | 腾讯控股 | | 长飞光纤光缆 | 3.1% | -0.51 | 8.92 Z | 华虹半导体 | | 华虹半导体 | 1.6% | -1.85 | 8.49 Z | 中国移动 | | 腾讯控股 | 0.2% | -0.58 | 7.55 Z | 长飞光纤光缆 | | 小米集团-W | 0.1% | -0.01 | 5.61亿 | 石药集团 | | 农业银行 | 0.2% | 1.75 | 4.82 L | 小米集团-W | | 工商银行 | -0.5% | -0.23 | 4.47亿 | 中国宏桥 | | 喷样理业 | -0.2% | -0.01 | 4.06 Z | 喷详理业 | 格隆汇12月24日｜南下资金 ...

Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net selling from Northbound funds, totaling HKD 11.75 billion, with notable net selling in major stocks like China Mobile, Tencent, and Alibaba. Conversely, stocks such as SMIC and Agricultural Bank saw net buying, indicating a mixed sentiment among investors. Group 1: Northbound Fund Activity - Northbound funds recorded a net selling of HKD 11.75 billion, with HKD 5.52 billion from Shanghai Stock Connect and HKD 6.24 billion from Shenzhen Stock Connect [1] - The most bought stocks included SMIC (00981) and Agricultural Bank (01288), while the most sold stocks were China Mobile (00941), Tencent (00700), and Alibaba-W (09988) [1] Group 2: Stock Performance Details - SMIC had a net inflow of HKD 654.31 million, with a total trading volume of HKD 29.39 billion [2] - China Mobile faced a net outflow of HKD 5.13 billion, with total trading volume of HKD 10.41 billion [2] - Tencent experienced a net outflow of HKD 580.66 million, with total trading volume of HKD 7.55 billion [2] Group 3: Sector Insights - SMIC and Huahong Semiconductor saw net buying of HKD 4.9 billion and HKD 1.05 billion respectively, driven by price increases in the 8-inch BCD process platform due to high demand for AI server power chips [5] - Agricultural Bank received a net inflow of HKD 1.74 billion, while Industrial and Commercial Bank faced a net outflow of HKD 234.3 million, with expectations of improved bank performance in the coming years [5] - Stone Pharmaceutical saw a net inflow of HKD 1 billion following management changes, indicating potential stability in leadership [6] Group 4: Market Trends and Predictions - The demand for optical fibers is expected to rise due to the growth of AI, with limited production capacity leading to a supply-demand imbalance [6] - The lithium market may face upward price pressure due to delays in the resumption of a major lithium mine, which could affect supply during the peak demand season [7] - Alibaba and Tencent's significant net outflows reflect short-term liquidity concerns, but the long-term outlook for the Hong Kong market remains positive due to the ongoing AI industry cycle [7]

本轮融资由中国移动旗下链长基金领投，中金资本、中科院基金、苏州创投、央视融媒体基金、天奇股 份等一众"国家队"与产业资本联合注资，同时还获得了来自新加坡及中东的国际投资机构的加码。这份 星光熠熠的投资方名单，已远超单纯的财务投资范畴，更像是一份由产业、资本、政策共同签署的"未 来契约"。它标志着，人形机器人的发展已从技术驱动的初创期，迈入了以规模化、商业化落地为核心 的新阶段，而中国力量正在这场全球竞赛中抢夺关键身位。 创纪录融资背后的资本结构与战略意图 2025年12月19日，中国具身智能赛道迎来了一枚"深水炸弹"。北京银河通用机器人有限公司正式官宣完 成新一轮超3亿美元（约合21亿元人民币）的股权融资。这不仅一举刷新了国内人形机器人乃至整个具 身智能领域的单轮融资纪录，更将这家成立仅两年半的创业公司推向了约30亿美元（约211亿元人民 币） 的估值高点，成为该行业迄今为止估值最高的公司。 一笔融资，一个纪录。然而，数字背后涌动的是更为深刻的产业信号。当全球资本在人工智能的浪潮中 寻觅下一个"超级终端"时，以银河通用为代表的具身智能企业，正从实验室的代码与原型，快步迈向工 厂的流水线与城市的商业空间。 银河 ...

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) ...

特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 12 月 14 日 ， 广 东 广 州 市 呼 吸 传 染 病 预 测 预 警 系 统 项 目 发 布 中 标 公 告 ， 百 度 中 标 ， 中 标 金 额 为 1.69 亿 元。 | 采购标的( | 品目名称( | 数量( | 单价限价e | | --- | --- | --- | --- | | | | | (万元) < | | 智慧实验室管理子 系统(2 | 自动化仪器管理模块(2 | 1套e | 39006 | | | 自动化仪器调度模块(2 | 1套4 | 22004 | | | 感染过程诊断标记物预测模块(1 | 1套6 | 1300«2 | | 疫苗抗体设计与迭 代验证子系统(2 | 抗体疫苗优化模块(2 | 1 套e | 160047 | | | 临床干预推演← | 1 套e | 1300@ | | | 预测模块(2 | | | | 数字病原与预警子 | 病原数据存储与← | 1套e | 1800e | | | 计算模块( | | | | | 感染过程推演模块(2 | 1套6 ...

Core Viewpoint - The Hong Kong stock market is experiencing a mixed performance, with the high dividend ETF fund (513820) showing resilience and attracting significant capital inflows, indicating strong investor interest in dividend-yielding assets [1][5]. Group 1: Market Performance - The Hong Kong stock market showed a mixed trend in early trading on December 24, with the CSI Hong Kong Stock Connect High Dividend Index down by 0.42% [1]. - The Hong Kong Dividend ETF fund (513820) recorded a slight decline of 0.08%, with a premium widening to 0.73% by the end of the trading session, reflecting active buying interest [1][3]. - The fund has seen a strong inflow of over 600 million yuan for 17 consecutive days, bringing its total size to over 4.3 billion yuan, significantly outperforming other ETFs in the same index [1][5]. Group 2: Fund Composition and Performance - The majority of the constituent stocks of the Hong Kong Dividend ETF fund (513820) experienced declines, with notable exceptions like HSBC Holdings, which rose over 1% [3][4]. - The top ten constituent stocks of the fund include China Pacific Insurance, China Telecom, and Agricultural Bank of China, with varying performance among them [4]. - The fund's index has a dividend yield of 7.25%, which is higher than similar indices in both Hong Kong and A-shares, establishing it as a leading choice for dividend investors [8][9]. Group 3: Investment Strategy and Outlook - Multiple factors are contributing to the opening of a mid-term trading window for Hong Kong stocks, including a market adjustment that has increased safety margins and a continued net inflow of southbound funds [5]. - The current environment suggests a focus on high-quality dividend stocks with sustainable payouts and stable earnings, as the defensive attributes of dividend investments may weaken in a rising interest rate environment [6]. - The Hong Kong Dividend ETF fund (513820) is positioned as a "pure high dividend" strategy, which is expected to perform well in the current market conditions, especially as institutional demand for dividend assets increases [10][11].

Core Viewpoint - The article discusses the evolution and increasing complexity of CAPTCHA systems, highlighting how they have become a source of frustration for users while also serving as a tool for AI training and security measures [5][22][47]. Group 1: CAPTCHA's Impact on Users - Millions of users globally spend approximately 500,000 hours daily inputting CAPTCHAs, equating to over half a year of their lives [5][22]. - The complexity of CAPTCHAs has escalated from simple character recognition to intricate tasks that test users' cognitive and physical abilities, often leading to user frustration [23][30]. - A significant portion of the elderly population faces challenges with CAPTCHAs, with over 60% reporting difficulties, which can hinder their access to essential online services [35]. Group 2: Evolution of CAPTCHA Technology - The original CAPTCHA was developed in response to the rise of spam emails, utilizing tasks that machines struggled with but humans could easily complete [12][14]. - As AI technology advanced, traditional CAPTCHAs became less effective, prompting the introduction of more complex verification methods, such as image recognition tasks and dynamic challenges [19][21]. - The ongoing "arms race" between CAPTCHA developers and AI capabilities has led to increasingly sophisticated verification methods, which often result in a negative user experience [16][47]. Group 3: Alternatives to Traditional CAPTCHA - New verification methods, such as "no-sense verification" and one-click passwordless login, are emerging as alternatives to traditional CAPTCHAs, focusing on user behavior analysis rather than testing users [43][46]. - These alternatives not only enhance user experience but also reduce operational costs for companies, as they are more efficient than traditional SMS verification methods [46]. - The shift towards these new technologies indicates a potential end to the CAPTCHA era, as they prioritize user convenience and security without the burdensome testing [47].

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 ...

半日成交额前三的个股中，中芯国际涨3.12%，成交超49亿港元；腾讯控股涨0.17%，成交超44亿港 元；阿里巴巴跌0.82%，成交超42亿港元。 （文章来源：新华财经） 整体来看，多数板块涨跌互现，芯片、电力、有色金属等股多为上涨，黄金、银行、房地产、券商、石 油与天然气、建材水泥等股有涨有跌，锂电池、煤炭、生物医药、科网、航空等股多有下跌。 个股方面，中国移动跌0.06%，小米集团涨0.05%，华虹半导体涨1.64%，汇丰控股涨1.23%，中国平安 涨0.38%，长飞光纤光缆涨3.11%，禾赛涨3.49%，建设银行跌0.66%，药捷安康跌5.79%，紫金矿业涨 0.98%，赣锋锂业跌0.18%，宁德时代跌1.26%，小鹏汽车跌0.46%，中国石油股份涨0.12%。 新华财经香港12月24日电（记者林迎楠）因圣诞节假期，港股24日下午休市。当日，港股主要指数高 开，截至收盘，恒生指数上涨0.17%至25818.93点，恒生科技指数上涨0.19%至5499.30点，国企指数上 涨0.01%至8915.12点。 当日恒指高开5.95点，开报25780.09点，开盘后在开盘价附近震荡，最终恒指涨44.79点，主板 ...

2025 年 12 月 24 日 黄金、白银、铂、钯、铜期货将创下上市以来新高 铂、 钯、白银、镍、碳酸锂期货将震荡偏强 陶金峰 期货投资咨询从业资格号：Z0000372 邮箱：taojinfeng@gtht.com 【正文】 【声明】 本报告的观点和信息仅供风险承受能力合适的投资者参考。本报告难以设置访问权限，若给您造成不 便，敬请谅解。若您并非风险承受能力合适的投资者，请勿阅读、订阅或接收任何相关信息。本报告不构 成具体业务或产品的推介，亦不应被视为相应金融衍生品的投资建议。请您根据自身的风险承受能力自行 作出投资决定并自主承担投资风险，不应凭借本内容进行具体操作。 【期货行情前瞻要点】 通过宏观基本面分析和黄金分割线、水平线、日均线等技术面分析，预期 2025 年 12 月 23 日期货主力合约行 情走势大概率如下： | 期 | 货 | 主力合 | 趋势 | 阻力位 | 支撑位 | 备注 | | --- | --- | --- | --- | --- | --- | --- | | 品种 | | 约 | | | | | | 股指 | | IF2603 | 偏弱震荡 | 4583 和 4605 点 | 4 ...