Core Points - The Chinese Academy of Sciences and the Chinese Academy of Engineering announced the results of the 2025 academician elections, electing 73 academicians from the former and 71 from the latter [1] - Notable new academicians include Huang Xianbo from Jinfa Technology, Lian Yubo from BYD, Wang Xiaoyun from China Mobile, Su Xuebin from China Uranium Industry, and Wu Kai from CATL [1][3] Group 1: Academicians and Their Contributions - Huang Xianbo, Chief Scientist at Jinfa Technology, has made significant contributions in the development and industrialization of polymer materials, including environmentally friendly flame-retardant thermoplastic resins and biodegradable plastics [1] - Lian Yubo, Chief Scientist at BYD, has focused on the design and development of key systems for new energy vehicles, and was awarded the "National Excellent Engineer" title in 2024 [2] - Wang Xiaoyun, Chief Engineer at China Mobile, has a background in wireless communication and is recognized for his engineering expertise [3] - Su Xuebin, Chief Engineer at China Uranium Industry, has led research that increased the economically extractable uranium resources in China by three times and enhanced natural uranium production capacity by 2.5 times [3] - Wu Kai, former Chief Scientist at CATL, has been involved in cutting-edge research in lithium battery technology and has transitioned to focus on new product and technology development [3] Group 2: Company Profiles - Jinfa Technology specializes in polymer materials and has a strong emphasis on research and development in high-performance materials [1] - BYD is a leading player in the new energy vehicle sector, focusing on continuous innovation in core technologies and products [2] - China Mobile is a major telecommunications provider in China, with significant contributions to wireless communication technology [3] - China Uranium Industry is engaged in the mining and utilization of natural uranium and radioactive co-associated mineral resources, with a focus on comprehensive resource utilization [4]

Investment Rating - The report maintains an "Overweight" rating for the communication industry, expecting the industry index to outperform the market index by over 10% in the next six months [2][43]. Core Insights - The number of global operators launching 5G-A commercial networks has reached 12, indicating a shift in industry focus from initial non-independent networking to more substantial investments in standalone (SA) networks, marking a deepening phase in 5G independent networking development [3][39]. - The communication industry is entering a period of technological iteration and policy dividends, with new productivity directions such as AI, quantum communication, and low-altitude economy expected to drive growth [3][39]. - The report suggests focusing on three main lines of opportunity: "technology commercialization + policy catalysis + performance certainty" [3][39]. Industry Performance Review - The communication sector index fell by 3.26% over the past two weeks (11/7-11/20), underperforming the CSI 300 index by 0.53 percentage points, ranking 25th among 31 first-level industries [10][11]. - For November, the communication sector index has decreased by 1.88%, again underperforming the CSI 300 index by 0.25 percentage points [10][11]. - Year-to-date, the communication sector index has risen by 58.84%, outperforming the CSI 300 index by 42.83 percentage points [10][11]. Industry News and Company Announcements - In September, domestic mobile phone shipments reached 27.93 million units, a year-on-year increase of 10.1%, with 5G phones accounting for 86.3% of total shipments [15][18]. - Dell'Oro Group reported that 12 mobile network operators have launched 5G-Advanced commercial networks, indicating a global trend towards standalone network deployment [18]. - The IDC reported a recovery in China's video cloud market, with a market size of $5.23 billion in the first half of 2025, reflecting an 8.9% year-on-year growth [20]. Industry Data Updates - As of September 2025, the mobile phone user base reached approximately 1.828 billion, a year-on-year increase of 2.78% [26]. - The internet broadband access user base was about 695 million, up 5.35% year-on-year [28]. - The total number of 5G base stations reached 4.705 million, with a net increase of 455,000 from the end of the previous year [34].

Core Viewpoint - The Hong Kong dividend assets are experiencing a correction, but the trend of capital inflow continues, driven by the demand for high-dividend assets from insurance companies under new accounting standards [1][2]. Group 1: Market Performance - As of November 21, the Hong Kong Stock Connect Dividend ETF (520900) fell by 1.74% with a trading volume of 33.55 million yuan [1]. - Over the past 10 days, the net inflow into the ETF was 104 million yuan, and over the past 20 days, it was 150 million yuan, with the latest fund size reaching 1.881 billion yuan [1]. Group 2: Fund Inflows and Trends - From October 13 to November 14, the ETF has seen continuous growth in shares for five consecutive weeks, with the latest share count at 1.728 billion [1]. - The demand for high-dividend stocks is expected to increase significantly as insurance companies switch to new accounting standards by 2026, with an estimated annual allocation of 250 to 500 billion yuan for high-dividend assets by five A-share listed insurance companies by 2027 [1]. Group 3: Investment Characteristics - The Hong Kong dividend assets exhibit a "defensive" characteristic in volatile markets, with a focus on high-dividend state-owned enterprises [2]. - The ETF tracks the CSI National New Hong Kong Stock Connect Central Enterprise Dividend Index, which emphasizes high-dividend state-owned enterprises, with the top three sectors being oil and petrochemicals (29.7%), telecommunications (21.2%), and transportation (13.5%) [2]. Group 4: Fund Details - The Hong Kong Stock Connect Dividend ETF (520900) was established on June 26, 2024, with a management fee of 0.50% and a custody fee of 0.10% [3]. - The current fund managers are Huo Huaming and Lv Xin, with returns of 12.68% and 26.76% respectively during their management periods [3]. Group 5: Top Holdings - The top holdings of the ETF include China Petroleum (10.86%), China Mobile (10.32%), and China Shenhua (9.70%), with significant market values for each [4]. - Investors focused on sustainable dividends and quality earnings can consider the ETF for a balanced exposure to high-dividend stocks in the Hong Kong market [4].

跨越山海的信号如同一根根看不见的丝线，将政策的宏大叙事，细细密密地织进了边疆牧民的日常，勾 勒出一幅"宽带边疆"建设新图景。 近日，《证券日报》记者深入矿山与"算力工厂"，实地探寻内蒙古如何以新型数字基础设施为底座，铺 设信息通途、打造算力高地，激活产业高质量发展的"新引擎"。 从"信号孤岛"到"数字通衢" 内蒙古的边境线，地广人稀，风大沙硬，曾是通信建设的难题。"过去，敖尔金新村只有断断续续的 2G、3G信号。"中国联合网络通信有限公司满洲里分公司副总经理吕启维向《证券日报》记者表示。 "宽带边疆"建设的纵深推进带来了改变。针对草原风大、信号衰减快的痛点，中国联合网络通信有限公 司内蒙古自治区分公司（以下简称"内蒙古联通"）部署的900MHz低频段基站，如同一只巨大的"顺风 耳"，凭借其广覆盖、强穿透的特性，结合定向天线技术，将信号精准"投送"到每一户牧民家中。如 今，168户牧民家庭的宽带接入能力全部跃升至1000Mbps。"现在直播一点也不卡了。联通的宽带网速 确实好！"满洲里敖尔金新村牧民房国朴实的话语，道出了这里近年来的大变化。 运营商引入智能单板技术，实现基站智能化升级。目前，呼和浩特已开通5G- ...

在日常生活中，消费纠纷 【下载黑猫投诉客户端】时有发生。面对商家的不诚信行为、服务质量差、 产品质量问题等，许多消费者首先想到的是拨打12315热线或通过其线上平台进行投诉。作为国家市场 监督管理总局直属的官方投诉举报平台，12315依托行政监管力量，处理效率较高、公信力强，尤其在 涉及食品安全、价格欺诈、虚假宣传等重大侵权事件时，往往能起到关键作用。 然而，随着消费场景日益多元、维权需求不断细分，仅依靠12315可能无法完全覆盖所有类型的消费争 议。尤其在某些行业或特定情形下，其他投诉渠道或许更具针对性、响应更快、操作也更便捷。今天， 我们就来梳理一下，除了12315之外，还有哪些正规、有效的投诉渠道可供选择。 一、行业主管部门投诉渠道 不少行业设有专门的监管机构或行业协会，接受消费者投诉并协调处理。这类渠道的优势在于专业性 强，对行业内常见问题有成熟的处置经验。 通信领域：如遇到运营商套餐乱收费、信号覆盖差、携号转网受阻等问题，可向工业和信息化部（工信 部）投诉，通过"工信部电信用户申诉受理中心"官网或12381电话进行申诉。该渠道对三大运营商约束 力强，处理流程规范。 金融消费：涉及银行、保险、证券等金 ...

中播数据(00471)公布，该公司建议按"1供3"基准，折让约31.06%按每股供股股份0.455港元(i)发行最多 359,821,602股供股股份而筹集最多约1.637亿港元(假设供股获悉数认购及于记录日期或之前已发行股份 数目并无变动);或(ii)发行最多383,161,602股供股股份而筹集最多约1.743亿港元(假设供股获悉数认购及 除于记录日期或之前悉数转换可换股票据外，于记录日期或之前已发行股份数目并无变动)的所得款项 总额。 经扣除所有相关开支后，供股最高所得款项净额估计(i)约为1.62亿港元(假设供股获悉数认购及于记录 日期或之前已发行股份数目并无变动);或(ii)约为1.726亿港元(假设供股获悉数认购及除于记录日期或之 前悉数转换可换股票据外，于记录日期或之前已发行股份数目并无变动)。约33.5%用于CMMB业务的 技术开发及基础设施升级;约29.2%用于贸易业务;约8.4%用于强化CMMB业务及贸易业务的营运团队及 业务发展;约4.2%用于开展营销活动并为新客户制定推广方案;约16.3%用作集团的一般营运资金;及约 8.4%将预留以备可能出现的合适投资机遇。 ...

Core Viewpoint - The establishment of the "Tongxin Workstation" represents a strategic collaboration between Harbin Mobile and Harbin Institute of Technology's School of Computing, aimed at enhancing technological innovation and addressing industry challenges through joint efforts in research and development [1][2][3] Group 1: Collaboration and Objectives - Harbin Mobile has a solid foundation of cooperation with Harbin Institute of Technology, focusing on core technologies such as 5G, cloud computing, and big data [1] - The "Tongxin Workstation" aims to deepen the collaboration between the university and the company, focusing on four core areas: political guidance, technological innovation, talent cultivation, and social service [1] - The workstation is envisioned as a platform to integrate technological innovations with industry needs, thereby driving high-quality development of the digital economy in Heilongjiang [1][2] Group 2: Vision and Future Plans - The School of Computing plans to use the workstation as a new service platform for non-party intellectuals, fostering a collaborative environment for idea generation and practical contributions [2] - Harbin Mobile intends to leverage its resources and technological advantages to stimulate innovation among non-party intellectuals and enhance the integration of industry, academia, and research [3] - The collaboration is expected to contribute significantly to the comprehensive revitalization of Heilongjiang, aligning with the goals of building a "Smart Longjiang" and "Digital Longjiang" [2][3]

Core Viewpoint - The 15th National Games is being held in the Guangdong-Hong Kong-Macao Greater Bay Area, showcasing the integration of sports passion and technological innovation, particularly through the application of 5G-A technology by Guangdong Mobile [1] Group 1: Event Overview - The event takes place from November 9 to 21, featuring various sports competitions, including a badminton gold medal match on November 20 [1] - The event highlights the collaboration between sports and technology, enhancing the overall experience for attendees and participants [1] Group 2: Technological Integration - Guangdong Mobile is leveraging 5G-A technology to enhance event support and public services, focusing on three main dimensions: new viewing experiences, new travel experiences, and new entertainment experiences [1] - The initiative is branded as "5G-A for All to Watch the National Games, Close and Exciting" to promote accessibility and engagement [1]

Core Insights - The conference on innovative medical health intelligent service supply and demand matching was held in Zhenjiang, marking a significant step towards high-quality development driven by data elements in the healthcare sector [1] - The event gathered over 70 participants, including 10 hospitals, 7 medical technology companies, and 3 insurance companies, indicating strong collaboration among various stakeholders in the healthcare ecosystem [1] Group 1 - Zhenjiang Mobile's Vice General Manager Zhang Weiping presented the company's technological layout and innovative achievements in data element operation services [1] - The Zhenjiang Data Group shared its experiences in public data authorized operation paths, highlighting practical applications in the healthcare sector [1] - Five representatives from data service companies demonstrated innovative smart service products, including AI-assisted diagnosis and intelligent risk control for medical insurance [1] Group 2 - Representatives from hospitals, medical enterprises, and insurance companies engaged in on-site discussions regarding the demand for intelligent services, showcasing the collaborative spirit of the industry [1] - Zhenjiang's Medical Insurance Center Deputy Director Chen Kai outlined the city's achievements in empowering healthcare intelligent services through data [1] - Zhenjiang's Health Information Center Director Zhu Yuelan discussed data governance and data security protection, emphasizing the importance of these aspects in healthcare data management [1] Group 3 - Zhenjiang Data Bureau Deputy Director Xu Dan proposed four requirements for the implementation of application scenarios: acting as a bridge, aggregating strength, exploring paths, and optimizing the ecosystem [1] - The conference served as a new exploration path and communication platform for government-enterprise cooperation and data industry development in the healthcare sector [1]

本报记者 杨笑寒 近日，国家金融监督管理总局披露了今年三季度保险资金运用情况。数据显示，截至三季度末，保险公 司资金运用余额超37万亿元。其中，人身险公司和财险公司对股票和证券投资基金等权益类资产配置占 比，环比今年二季度末进一步提升。 受访专家表示，险资加大权益类资产配置比例，主要受利差损压力、投资收益提升、权益市场回暖和监 管政策鼓励等因素影响。 权益类资产配置比例加大 分公司类型来看，截至今年三季度末，财险公司的资金运用余额为23875亿元，其中债券和银行存款账 面余额分别为9699亿元和3742亿元，分别占财险公司资金运用余额的40.62%和15.67%，为主要配置资 产。财险公司股票、证券投资基金和长期股权投资的账面余额分别为2086亿元、1964亿元和1471亿元， 分别占比8.74%、8.23%和6.16%。 截至今年三季度末，人身险公司的资金运用余额为33.73万亿元，其中债券和股票账面余额分别为17.21 万亿元和3.41万亿元，占人身险公司资金运用余额的51.02%和10.12%，为主要配置资产。人身险公司对 银行存款、证券投资基金和长期股权投资的账面余额分别为2.49万亿元、1.78万亿 ...