Market Overview - The last trading day before the holiday saw all indices close in the green, with the Shanghai Composite Index ending at 3882.78 points, and expectations for a continued rise towards 3900 points after the holiday [1] - The ETF market experienced significant inflows in September, with a total net inflow of 201 billion yuan, including 83.7 billion yuan into industry-themed ETFs and 85.3 billion yuan into bond ETFs [11][14] ETF Performance - The top-performing ETFs in September were focused on new energy and semiconductors, with lithium battery ETFs and semiconductor equipment ETFs seeing gains of over 30% [6][7] - The leading indices in terms of growth included the ChiNext 50, ChiNext Index, and Sci-Tech 50, with respective increases of 14.40%, 12.04%, and 11.48% [4][5] Major Companies - Contemporary Amperex Technology Co., Ltd. (CATL) surpassed Kweichow Moutai in total market capitalization, reaching 1.833784 trillion yuan [1] - The top companies by market capitalization included Industrial and Commercial Bank of China (26,017.66 billion yuan), Agricultural Bank of China (23,343.87 billion yuan), and China Mobile (22,632.90 billion yuan) [2] Sector Analysis - Financial and military-themed ETFs underperformed in September, with several declining over 7% until a slight rebound in the last two days before the holiday [9][10] - The most significant inflows were seen in the AAA Sci-Tech Bond and securities companies, while the Sci-Tech 50 and Shanghai Composite Index experienced notable outflows [14][15] Investment Trends - The ETF market reached a historical milestone of 5 trillion yuan in assets, highlighting its growing influence on the A-share market [10] - The most favored ETFs in September included the Hong Kong Stock Connect Internet ETF, Securities ETF, and AAA Sci-Tech Bond ETF, with net inflows of 120.95 billion yuan, 109.82 billion yuan, and 102.75 billion yuan respectively [20]

Core Viewpoint - China Mobile has launched the "Threefold Gift of Network Age" initiative, which aims to enhance user engagement and trust through emotional bonding, behavioral incentives, and value realization, transforming long-term network age data into reliable credit assets [1][5]. Group 1: User Engagement Strategies - The "Network Age Birthday Gift" offers personalized benefits such as a 5 yuan phone voucher and a 30 yuan movie discount for users celebrating their network age birthday month, with more substantial rewards for longer network ages [2]. - The "Network Age Growth Gift" categorizes users based on their network age and consumption behavior, providing different VIP rights, including exclusive data packages and access to AI tools, thereby reinforcing the benefits of user growth [2]. - The "Network Age Financial Gift" collaborates with banks to offer interest rate coupons for users with a network age level of V5, enhancing their creditworthiness and facilitating easier access to financial support for various life scenarios [4]. Group 2: Societal Impact and Financial Inclusion - The initiative addresses the issue of over 500 million individuals in China lacking credit records, providing a new evaluation dimension for banks' risk control systems, thus supporting the government's push for inclusive finance [7]. - By utilizing network age data, China Mobile is exploring a model that activates data value while ensuring user privacy, contributing to the construction of a diversified social credit infrastructure [7][8]. - The program aligns with national strategies to stimulate domestic consumption by providing financial incentives, thereby integrating corporate activities with broader economic development goals [8]. Group 3: Future Directions and Innovations - China Mobile is positioning itself as a key player in the credit infrastructure landscape, exploring a viable path from communication data to credit assets and inclusive finance, which could expand its business portfolio [9]. - The company is investing in new technologies and research, focusing on next-generation information networks, artificial intelligence, and big data, to enhance its digital infrastructure capabilities [9]. - The "Threefold Gift" initiative not only monetizes data but also establishes a new credit foundation, transforming network age into a quantifiable and recognized social credit asset [10].

兄弟姐妹们，终于盼来了假期啊啊啊啊啊！ 节前最后一个交易日全线收红，上证指数定格在3882.78点，节后继续冲3900点，9月今日完美收官！！！ 老规矩，今天先来盘点一下ETF市场9月的"牛熊榜"，以及ETF资金的变化，明日继续给大家奉上更重磅的月度、季度数据哦！ 今日宁德时代凭借18337.84亿元的总市值正式超越贵州茅台，资本市场含"科"还在继续上升。 | 序号 | 证券代码 | 证券简称 | 总市值(亿元) | 所属行业 | | --- | --- | --- | --- | --- | | I | 601398 | 工商银行 | 26017.66 | 银行 | | 2 | 601288 | 农业银行 | 23343.87 | 银行 | | ਤੇ | 600941 | 中国移动 | 22632.90 | 通信运营 | | 4 | 601939 | 建设银行 | 22523.79 | 银行 | | 5 | 300750 | 宇德时代 | 18337.84 | 电源设备 | | 6 | 600219 | 贵州茅台 | 18082.66 | 饮料 | | 7 | 601988 | 中国银行 | 16690.6 ...

Core Viewpoint - Jinan Unicom has implemented a comprehensive communication support plan during the National Day holiday, focusing on enhancing network capacity and optimizing services to ensure smooth communication for citizens and tourists [1][7]. Group 1: Communication Support Initiatives - Jinan Unicom has launched a special support initiative for cultural tourism, sports, and major events, including the opening of two new base stations and the activation of 4/5G small cells in the Qiaoshan Cultural Ecological Zone to provide high-speed signal coverage [3][4]. - During the first phase of the Shandong Super League matches at the Licheng Central Stadium, Jinan Unicom established new base stations and activated 4/5G small cells to handle increased audience numbers and high data traffic [3][4]. - For the Global Customer Conference on Unmanned Driving held by Lingong Heavy Machinery, Jinan Unicom built two new stations and activated 4/5G small cells to support real-time interactions and media coverage [4]. Group 2: Network Optimization and Capacity Expansion - Jinan Unicom extended its National Day communication support to key shopping centers and cultural tourism projects across the city, completing 371 balanced small cells and expanding 233 small cells to alleviate network pressure during peak holiday traffic [7]. - The company demonstrated its professional capabilities and commitment to public service through efficient response, scientific deployment, and precise implementation of network enhancements [7]. - By enhancing the network's carrying capacity and improving user experience in key areas, Jinan Unicom aims to provide high-quality digital networks that support citizens' holiday activities and major events [7].

Core Viewpoint - Shandong Unicom has established a comprehensive communication network across the province, ensuring high-quality digital experiences for visitors during the National Day celebrations, highlighting its commitment to connectivity and service excellence [1][11]. Group 1: High-Speed Rail Connectivity - Shandong, as the province with the highest high-speed rail mileage in China, has achieved full 5G network coverage across all 12 high-speed rail lines, with a total of 6,142 base stations built, covering 2,891 kilometers and achieving a 95.9% 5G coverage rate [2]. - The company employs a differentiated coverage strategy, focusing on high-traffic core lines with dual-frequency network construction and prioritizing 3.5G deployment based on business needs [2]. Group 2: Maritime Communication - Shandong Unicom has implemented innovative technologies such as "5G + microwave" to ensure seamless signal coverage on the 160-kilometer route from Yantai to Dalian, allowing passengers to share experiences in real-time [4]. - The company has achieved full mobile network coverage in 15,528 coastal administrative villages and extended coverage into the sea up to 100 kilometers using advanced networking techniques [5]. Group 3: Urban Network Optimization - In Jinan, Shandong Unicom has enhanced network capacity through targeted base station construction and the development of an intelligent analysis system to ensure early detection and resolution of issues [7]. - The company has optimized network performance in Qingdao, achieving top rankings in mobile network quality, and has implemented a tailored support mechanism for popular tourist areas in Linyi [7]. Group 4: Holiday Network Management - Shandong Unicom has established a 24/7 monitoring system to ensure uninterrupted network service during peak holiday traffic, with rapid response teams ready to address issues [9]. - The company has proactively expanded network capacity in key areas based on historical data analysis to enhance performance during high-demand periods [9]. Group 5: Commitment to Customer Experience - The communication support team at Shandong Unicom remains dedicated to providing seamless connectivity, ensuring that every interaction contributes to a positive experience for users during the festive season [11].

活动现场设置了法律法规宣讲区、反诈互动体验区、技术服务咨询台三大功能区域，通过展板展示、资 料发放、现场答疑等多元形式开展宣传。鞍山联通党支部工作人员结合通信行业实践经验，重点解析了 电信网络诈骗、个人信息泄露、网络钓鱼等高发风险场景。针对理财诈骗、冒充客服退款、出租出借手 机卡等常见骗局，用真实案例还原作案手法，传授识别技巧 。在技术体验环节，工作人员现场演示"诈 骗电话拦截设置"、"手机隐私权限管理"等实用操作，从通信技术层面为群众提供防护指导，获得了现 场群众的积极回应。 9月15日上午，正值2025年国家网络安全宣传周启动之际，鞍山联通市场部党支部联合市委网信办在千 山正门成功举办了以"网络安全为人民、网络安全靠人民——以高水平安全守护高质量发展"为核心的主 题宣传活动，该活动旨在向过往游客与市民普及网络安全知识，筑牢数字时代安全屏障 。 同时，市委网信办工作人员围绕《网络安全法》《数据安全法》《个人信息保护法》等法律法规进行解 读，通过"答题闯关赢奖品"的互动形式，将法律知识转化为通俗易懂的趣味问答，吸引众多市民与游客 参与。活动特别针对老年群体和青少年设计了专属讲解内容，提醒老年人警惕"虚假投资" ...

在"网龄成长礼"中，"金融惠贷礼"的推出尤为瞩目。通过与浦发银行的深度合作，中国移动旨在让用户 切实感受到"网龄越长，贷款利率越低"的信贷优惠。即日起至2025年12月31日，用户登录中国移动客户 端，进入网龄页面"金融惠贷礼专区"，根据网龄成长值领取不同折扣的利率券，V1至V5用户分别可享 受基于同期LPR（贷款市场报价利率）的98折至85折利率优惠，每人每月限领一张，适用于浦发银 行"号闪贷"产品，最高30万元额度，最长7年还款期限，额度可循环使用，随借随还，让金融活水精准 滴灌每个需要帮助的角落。 当青年假期出游时，当新婚夫妇购置家电时，一张小小的折扣券就能减轻他们的经济压力，真正实 现"通信信用助力美好生活"的承诺。需提醒的是：用户贷款还需按时还款，逾期会影响个人征信并产生 逾期费用；而且利率可能因市场情况或合同约定调整，请用户根据自身资金状况合理规划。 惊喜回馈，网龄三重礼让生活更"暖" "真是没想到，用了十年的手机号还能这么值钱！"中国移动用户王阿姨，最近晒出自己的"网龄福利"， 3GB免费流量、两张电影券，还有一次抽无人机的机会。而这都来自"网龄三重礼"的暖心馈赠。其 中，"网龄生日礼"，给用户 ...

载41分分 音增双 高品 2025 年 09 月 29 日 审核节奏放缓,申购热度延续 -定增市场双周报 2025.09.14-2025.09.28 本期投资提示: 请务必仔细阅读正文之后的各项信息披露与声明 相关研究 证券分析师 彭文玉 A0230517080001 penawv@swsresearch.com 朱敏 A0230524050004 zhumin@swsresearch.com 任奕璇 A0230525050002 renyx2@swsresearch.com 联系人 朱敏 (8621)23297818× zhumin@swsresearch.com 申万宏源研究微信服务 新增节奏企稳，过会注册节奏放缓。截至 2025 年 9 月 28 日，上两周新增 17 宗定增项目 (其中竞价 11 宗) ，环比增加 1 宗;终止 10 宗(其中竞价 5 宗) ，环比增加 4 宗; 发审 委通过３宗（其中竞价２宗），环比减少８宗；证监会通过１１宗（其中竞价 ７宗），环比 减少 9 宗;处于正常待审阶段的定增项目共 628 个,其中已获发审委审核通过和证监会注 册的待发项目有 65 宗，环比减少 8 宗。 ...

近年来，东营联通积极融入国家网络安全工作大局，将履行网络安全国家队使命与服务地方数字化发展紧密结合，积累了丰富的实战经验。截至目前，已 成功为全市50余家关键单位提供网络安全等级保护测评等服务，帮助各单位精准识别系统与国家安全标准间的差距，并针对"安全体检结果"，为测评单位 提供整改建议与方案，完善数据加密机制，有效防范数据泄露、勒索软件、网页篡改等安全风险，切实提升区域整体防护能力，赢得了客户的信任和好 评，进一步夯实了"安全可信"的央企品牌形象。 网络安全需久久为功。东营联通将持续深化政企协同，常态化开展安全知识普及，强化技术能力，完善监测预警体系，为东营市数字经济高质量发展构筑 坚实可靠的安全防线。(大众新闻记者王明华通讯员刘晓彬) 9月17日，在东营市国家网络安全宣传周电信日主题活动中，东营联通作为唯一受邀的通信运营商，以实际行动展现央企责任，为数字东营筑牢安全防 线。 在活动现场，中国联通（600050）网络安全专家为市国资委下属五大集团的51家二级单位开展"网络和数据安全意识培训"。培训聚焦国家最新法规政策解 读，强化底线思维；分析主流网络安全风险模型，结合典型案例剖析主流安全风险与防范策略，提升 ...

Group 1 - The conference, themed "Gathering Global Talents in the Land of Springs," aims to accelerate the talent aggregation platform in Jinan and implement a talent-driven strategy to enhance technological innovation and industrial upgrading [1][5] - Over 2,100 quality employers from key industries such as intelligent manufacturing, new-generation information technology, biomedicine, new energy, and digital economy participated, attracting more than 50,000 high-level talents from both domestic and international backgrounds [1] - Jinan Unicom has deployed comprehensive communication support measures to ensure seamless network connectivity during the event, including real-time monitoring and optimization of network performance [1][3] Group 2 - The event serves as an important platform for talent recruitment and showcases the city's digital and intelligent service capabilities [5] - Jinan Unicom emphasizes its role as a national team in information infrastructure, providing high-quality communication services to empower talent development and urban upgrading [5]