Core Insights - The aviation and airport sector experienced a slight increase of 0.26% on November 28, with Xiamen Airport leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Xiamen Airport (600897) closed at 16.26, up 3.17% with a trading volume of 54,400 shares and a transaction value of 87.63 million yuan [1] - Hainan Airlines (600221) closed at 1.73, up 2.37% with a trading volume of 4.72 million shares and a transaction value of 806 million yuan [1] - Shenzhen Airport (000089) closed at 6.94, up 0.58% with a trading volume of 99,880 shares and a transaction value of 68.31 million yuan [1] - China Eastern Airlines (600115) closed at 5.04, down 0.20% with a trading volume of 639,300 shares and a transaction value of 323 million yuan [1][2] Capital Flow - The aviation and airport sector saw a net outflow of 72.81 million yuan from institutional investors, while retail investors contributed a net inflow of 103 million yuan [2] - The detailed capital flow indicates that Hainan Airlines had a net inflow of 96.67 million yuan from institutional investors, while retail investors had a net outflow of 51.95 million yuan [3] - Xiamen Airport experienced a net outflow of 1.69 million yuan from institutional investors, but a net inflow of 4.48 million yuan from retail investors [3]

11月27日，第七届"空中丝绸之路"国际合作峰会在西安举行。埃塞俄比亚航空集团中国区总经理唐睿博(Girum Abebe) 出席峰会，并与凤凰网财经等媒体对 话。 唐睿博表示，"后疫情时代，中非航线已成为复苏最快、增长最强劲的国际航线之一，数据显示，中非之间的客运与货运量已全面恢复并超越疫情前水平， 增速显著高于欧美等传统航线。" 面对这一趋势，唐睿博指出，"中非双方需要共同努力，携手航空公司共同增加运力投放"。在他看来，更频繁的运营将直接降低单位运营成本，最终让旅客 和货主受益。 全球飞机交付延迟、运力紧张的背景下，充分利用非洲和中国航空公司之间的现有运力，推动非洲与中国航空公司的深度合作，将是重要破局路径。 他进一步指出，通过合资、代码共享等多种合作形式，能够优化利用现有运力并创造重要机遇。他举例称，埃塞俄比亚航空正在与国航、南航、东航、海航 等中国主要航空公司建立合作关系，"我们必须重视非洲与中国航空公司之间的合作"。 此外，唐睿博特别强调了中非航空产业链合作的重要性。作为一大突破点，他透露埃航已在飞机零部件、机场设备等方面引入中国制造，并将中国技术应用 于日常运营。 "随着行业发展，中非之间必须在工业 ...

截至2025年11月28日 13:55，交通运输ETF(159666)下跌0.20%，持仓股厦门港务涨超6%，海汽集团、北方国际涨超4%。 流动性方面，交通运输ETF盘中换手5.36%，成交436.91万元。拉长时间看，截至11月27日，交通运输ETF近1月日均成交793.27万元。 截至11月27日，交通运输ETF近2年净值上涨12.87%。从收益能力看，截至2025年11月27日，交通运输ETF自成立以来，最高单月回报为15.82%，最长连涨 月数为4个月，最长连涨涨幅为11.93%，上涨月份平均收益率为3.16%，年盈利百分比为100.00%，历史持有1年盈利概率为62.78%。截至2025年11月27日， 交通运输ETF近6个月超越基准年化收益为5.05%。 回撤方面，截至2025年11月27日，交通运输ETF近半年最大回撤5.80%，相对基准回撤0.04%。 费率方面，交通运输ETF管理费率为0.50%，托管费率为0.10%。 跟踪精度方面，截至2025年11月27日，交通运输ETF近1月跟踪误差为0.017%。 值得注意的是，该基金跟踪的中证全指运输指数估值处于历史低位，最新市净率PB为1.32倍 ...

Core Viewpoint - The practice of "seat locking" by airlines, which requires passengers to pay extra fees or use mileage points to unlock preferred seating after purchasing tickets, has drawn widespread criticism from travelers and industry experts [1][5][13]. Group 1: Issues with Seat Locking - Airlines have been locking a significant number of seats, with reports indicating that only 40% of seats on certain flights are available for online selection, and only 14% of those are free [4][16]. - The majority of locked seats are in less desirable locations, forcing passengers to pay additional fees for better seating options [1][4]. - This practice is seen as a way for airlines to increase revenue at the expense of consumer rights, potentially violating various consumer protection laws [5][17]. Group 2: Historical Context and Regulatory Actions - The introduction of online seat selection began in 2009, initially providing convenience to passengers, but has since evolved into a revenue-generating scheme through paid seat selection [6][7]. - The practice of charging for seat selection was first noted in low-cost airlines abroad and has since become a common practice among domestic airlines in China [7][11]. - Regulatory bodies have previously penalized airlines for similar practices, with a notable case in 2016 where China United Airlines was fined for charging seat selection fees [9][10]. Group 3: Recent Developments and Consumer Protection - Recently, ten airlines were summoned for discussions regarding their seat locking practices, with a focus on protecting consumer rights and ensuring fair access to seating options [13][19]. - The Jiangsu Consumer Protection Committee highlighted four main issues with the current seat locking practices, including excessive locking of quality seats and lack of transparency in pricing [16][18]. - Airlines are required to submit corrective action reports within 15 working days to address these issues, or they may face further regulatory measures [19].

Market Overview - The U.S. stock market showed a significant upward trend, with major indices rising for the fourth consecutive trading day, indicating a recovery in market sentiment[9] - The CBOE Volatility Index (VIX) dropped approximately 35% over four days, marking its largest decline since mid-April[9] - The Hang Seng Index closed at 25,928, up 0.13% for the day and 29.25% year-to-date[3] Sector Performance - Large tech stocks exhibited mixed results, with Meituan surging 5.65% while Kuaishou fell nearly 3%[9] - Paper stocks led gains, with Nine Dragons Paper up 5% and Lee & Man Paper up 4.88%, driven by price hikes in packaging and cultural paper products[9] - Airline stocks performed strongly, with China Eastern Airlines rising nearly 7%[9] Economic Indicators - The Federal Reserve's Beige Book indicated a further decline in U.S. consumer spending, reflecting a stagnant economic activity[13] - Initial jobless claims in the U.S. fell to 216,000, the lowest level since mid-April, suggesting a tightening labor market[13] - Morgan Stanley economists adjusted their rate predictions, now expecting a rate cut from the Fed in December rather than January[13] International Markets - The Nikkei 225 index in Japan rose by 1.9%, driven by strong tech sector performance and expectations of a potential rate hike by the Bank of Japan[13] - The Singapore Straits Times Index showed a year-to-date performance of 0.00%, indicating a stagnant market[3]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of November 27, with Northeast Electric (00042) leading with a premium rate of 864.29% [1] - The article also lists the stocks with the highest and lowest deviation values, indicating significant discrepancies between A-shares and H-shares [1] AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042): 864.29% - Hongye Futures (03678): 269.82% - Sinopec Oilfield Service (01033): 264.86% [1] - The bottom three stocks with the lowest AH premium rates are: - Ningde Times (03750): -5.40% - China Merchants Bank (03968): -1.65% - Heng Rui Medicine (01276): -0.38% [1] Deviation Value Rankings - The stocks with the highest deviation values are: - Vanke Enterprises (02202): 30.48% - Dazhong Public Utilities (01635): 24.57% - Shandong Xinhua Pharmaceutical (00719): 22.88% [1] - The stocks with the lowest deviation values are: - Sairis (09927): -17.06% - China National Airlines (00753): -13.21% - China Life (02628): -13.18% [1] Additional Insights - The article provides detailed tables showing the premium rates and deviation values for the top and bottom AH stocks, indicating market trends and potential investment opportunities [2]

南都此前报道，不少消费者反映，在线选座时经济舱前排、靠窗、靠过道等较为便利舒适的座位常被单 独锁定，要么无法选择，要么需额外付费或用积分兑换。江苏省消保委随后组织开展了专项消费调查， 对十家航空公司进行了深入核查。 江苏省消保委表示，当前部分航空公司将本属常规服务范围的座位通过锁定方式进行收费的做法，涉嫌 侵害消费者的公平交易权与自主选择权。 近日，针对飞机"锁座"及有偿选座服务等问题，江苏省消保委约谈东方航空、南方航空、中国国航、海 南航空、厦门航空、深圳航空、山东航空、四川航空、春秋航空、吉祥航空等10家航空公司，持续引发 关注。11月27日，四川航空相关负责人向南都N视频记者表示，"航司牵头部门正结合此前与消保委沟 通的情况，有序推进相关工作，并将在约定日期向消保委做后续反馈。" 江苏省消保委就飞机票锁座问题的整改工作，向各航司提出两点明确要求，并于15个工作日内将整改情 况以书面形式进行提交。一是立即开展自查自纠，对现有选座规则进行全面梳理，重点解决"锁座范围 过度"问题，取消付费或者所谓"积分兑换"等形式的变相付费选座模式，确保免费可选座位数量合理、 分布均衡，仅保留出于"特殊旅客座位预留、保障应急 ...

飞机"锁座"及有偿选座服务问题近日引发社会广泛关注。江苏省消费者权益保护委员会（以下简称"江 苏省消保委"）一纸调查，直指航司"锁座"乱象，将国内10家主流航空公司推到了风口浪尖。 11月21日，江苏省消保委线上约谈了东方航空、南方航空（600029）、中国国航（601111）等10家主流 航空公司。11月26日，通过公众号发布有关调查结果，详细列举了机票锁座服务市场中存在的诸多问 题，亮明对"锁座"现象长期存在的"零容忍"态度，并要求各公司在15个工作日内将整改情况以书面形式 提交。 专家认为，航司"锁座"行为锁的不仅是座位，还有旅客的知情权和公平交易权。"付费选座"等霸王条款 还可能涉嫌违反《消费者权益保护法》，侵害旅客的自主选择权，属于典型变相收费行为，让旅客暗吃 了不少"哑巴亏"。长此以往，"锁座"行为最终损害的是旅客对航司服务的信任，不利于航空服务业的高 质量发展。 近四成座位被锁 所谓飞机"锁座"，是指航司将经济舱前排、靠窗、靠过道等较为便利舒适的座位单独锁定，要么无法选 择，要么需额外付费或用积分兑换。从范围来看，锁定范围高度集中于经济舱前排、靠窗及靠过道等消 费者偏好的优质座位，仅开放中间区域 ...

NO.2 江苏省消保委约谈10家航司就飞机票锁座问题要求限期整改 NO.1 六部门发文提出2027年形成3个万亿级消费领域 日前，工业和信息化部等六部门联合印发《关于增强消费品供需适配性进一步促进消费的实施方案》， 其中提出，到2027年，消费品供给结构明显优化，形成3个万亿级消费领域和10个千亿级消费热点，打 造一批富有文化内涵、享誉全球的高品质消费品。方案聚焦以消费升级引领产业升级，以优质供给更好 满足多元需求，实现供需更高水平动态平衡，还提出到2030年，供给与消费良性互动、相互促进的高质 量发展格局基本形成，消费对经济增长的贡献率稳步提升。 点评：六部门联合印发的促消费方案，锚定供需适配核心，绘就清晰发展蓝图。这不仅能破解供需错配 痛点，更能激活消费增长新动能，推动形成供给与消费良性互动的发展格局，为经济高质量发展注入持 久动力。 点评：西北首家西安市内免税店的开业，是政策红利落地与城市消费升级的双赢之举，不仅填补西北业 态空白，更串联文旅与消费，助力海外消费回流，为西安建设国际消费中心城市注入强劲动力。 NO.4 广湛高铁正式启动试运行进入开通倒计时 11月26日上午，广湛高铁正式进入试运行阶段，线 ...

每经AI快讯，港股航空股再度走低，截至发稿，东方航空(00670.HK)跌4.56%，报4.4港元；南方航空 (01055.HK)跌2.33%，报5.02港元；中国国航(00753.HK)跌2.33%，报6.3港元。 ...