《上市公司CFO薪酬白皮书（2025版）》基于港股393家、A股4246家上市公司数据，剖析了CFO薪酬现状、影响因素及未来趋势，核心呈现以下要点。 薪酬水平方面，港股与A股存在显著梯度。2024年港股CFO平均年薪160.20万元，中位数107.70万元；A股平均年薪85.76万元，中位数68.42万元，港股薪酬 约为A股的1.6-1.9倍。两地薪酬均呈"中部高台+高薪长尾"结构，港股5.34%的CFO年薪超500万元，A股近四分之一CFO年薪破百万，头部企业CFO薪酬可达 数百万元甚至千万元。 个体特征对薪酬影响明显。性别上，两地均为男性CFO占比更高，薪酬整体高于女性，但头部女性CFO具备同等竞争力；年龄上，40-55岁中生代是主力， 薪酬随年龄和资历阶梯式上升，港股60岁以上CFO平均年薪245.63万元，A股46-50岁薪酬达相对高位；学历与海外背景也显著关联，A股博士CFO平均年薪 130.04万元，有海外背景者薪酬比无海外背景者高55.6万元。 行业与公司特征是关键影响因素。港股"新经济+内需"板块（TMT、消费、医疗）薪酬领先，中位数约120万元；A股金融地产行业薪酬最高，平均122.41万 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 今日早盘（25/12/12），港股科技板块表现活跃。（数据来源：Wind） 港股科技板块再传政策性利好。2025年12月11日，中央经济工作会议明确将"坚持创新驱动，加紧培育 壮大新动能"列为明年经济工作的重点任务之一，会议聚焦建设粤港澳大湾区等国际科创中心、深化"人 工智能+"与产业链升级，并配套金融支持与产权保护措施。这一系列部署为科技板块提供了清晰路径 与坚实政策支撑。 （信息来源：新华社-25/12/11） 与此同时，港股龙头科技上市公司自今年11月以来回购活跃，掀起新一轮回购潮，向市场传递信心。根 据Wind数据统计，2025年11月，港股市场上市公司累计回购股份数量突破7亿股，较前期出现显著增 长。进入12月份以来，港股市场回购活跃的趋势得以延续。截至12月11日，2025年港股回购金额累计达 1672.50亿元，其中"资讯科技行业"成为回购热潮的主力之一。 （数据来源：Wind，港股25年8-10月份每月回购股份数量分别为2.6亿股、5.3亿股和5.3亿股） 恒生科技ETF（513130）具备规模较大、流动性较好、支持场内 ...

12月11日，港股IPO的第100次钟声敲响。伴随着京东工业（07618.HK）上市，港股年内新股上市数量 破百。站在这一关键节点回望，今年全年，港股市场的集结号持续吹响。放在全球视角看，港交所全年 募资总额无悬念登顶全球。其中，18家"A+H"上市新股成为港交所年内筹资增长的重要增量。而在市场 结构方面，在政策东风推动下，新消费、硬科技正成为本轮热潮背后的有力引擎。不过，在全球第一的 募资规模背后，港股IPO市场也面临隐忧，11月之后新股破发回潮、上市质量下滑、投行人才短缺致服 务能力不足以及超300家排队企业未来可能面临的发行难题……开始摆上台面。 募资全球"断层"第一 12月11日，京东工业登陆港交所上市，成为港股年内第100只上市新股。上市首日，公司股价低开 7.8%，开盘后跌幅震荡收窄，当日最终平盘收盘，报14.1港元/股，总市值378.9亿港元。 从2025年全年来看，港股IPO市场迎来强势复苏。伴随京东工业鸣锣上市，经同花顺iFinD统计，年内港 股上市新股数量破百；相较于上年同期的64股出现明显增长。而从筹资额来看，经统计，100只年内新 股合计募资额超2700.86亿港元。值得一提的是，这也 ...

据介绍，港交所科技100是香港交易所首只港股指数，追踪100家在香港交易所上市的市值最大的科技公 司的表现。这些公司所在行业涵盖六大创新主题，分别为：人工智能、生物科技及制药、电动汽车及智 能驾驶、资讯科技、互联网和机器人。 中证报中证网讯(记者黄一灵)12月9日，香港交易所宣布推出香港交易所科技100指数(港交所科技100)。 具体来看成分股，港交所科技100首期成分股包括腾讯控股、阿里巴巴、小米集团、美图公司等。港交 所科技100还设有快速纳入机制，符合特定条件的新上市公司在获纳入港股通交易后，可于常规审核周 期外快速加入指数。 ...

继11月28日推出恒生生物科技指数期货后，港交所（00388.HK）在指数业务拓展领域再添重要举措。 12月9日，港交所正式宣布推出科技100指数，同时授权内地综合性资产管理公司易方达基金，在国内推出追踪该指数的交易所买卖基金（ETF）。消息披露 后，港交所股价走势平稳，截至发稿时小幅下跌1.19%。 | 指数资料 | | | --- | --- | | 推出日期 | 2025年12月9日 | | 基日 | - 2020年12月31日 | | 基值 | 10,000 | | 货币 | 港元 | | 调整周期 | 每半年(6月及12月) | | 权重再平衡周期 | 每季度(3月、6月、9月及12月) | | 图源： 港交所官网 | | 此外，指数成份股必须符合港股通交易资格这一硬性要求。若在定期指数调整期间，某成份股不再满足港股通交易资格，将被从指数中剔除，以保障指数的 可投资性。 根据港交所披露的指数成份股名单，这100只标的全面覆盖了港股市场核心科技企业矩阵，包括腾讯（00700.HK）、阿里巴巴（09988.HK）、小米集团 （01810.HK）等互联网及科技龙头，宁德时代（03750.HK）、比亚迪（0 ...

Group 1 - The report maintains an optimistic outlook for the Hong Kong stock market in 2026, predicting that the current bull market will continue to extend further and last longer, with the Hang Seng Index expected to reach 30,100 points by the end of 2026, based on a forecasted P/E ratio of 13.0 times [2][33] - Key investment opportunities are identified in areas such as strengthening the real economy, promoting technological innovation, developing new productive forces, and expanding domestic demand, which are critical directions outlined in the 14th Five-Year Plan [2][36] - The report emphasizes that sectors related to technological innovation and new productive forces are likely to be the most important investment themes in the coming years, suggesting a focus on consumer leading companies, undervalued high-yield state-owned enterprises, and domestic brands benefiting from accelerated substitution processes [2][36] Group 2 - The Hong Kong stock market showed strong performance in the first 11 months of 2025, with the Hang Seng Index rising by 28.9% and the Hang Seng Tech Index increasing by 25.3%, placing it among the top global stock markets [3][4] - All industry sectors within the Hang Seng classification experienced gains, with materials, healthcare, and information technology sectors performing particularly well, increasing by 134.3%, 74.1%, and 39.7% respectively [4][7] - The report notes that the average daily trading volume in the Hong Kong stock market reached HKD 2,558 billion, a 95% increase year-on-year, and net inflows from southbound trading amounted to RMB 12,806 billion, significantly higher than the previous year's RMB 6,543 billion [3][21] Group 3 - The report indicates that liquidity in the Hong Kong financial market remains ample, with the banking system's surplus rising significantly due to interventions by the Hong Kong Monetary Authority [15][16] - It highlights that southbound trading has played a crucial role in supporting the stability and recovery of the Hong Kong market amid rising geopolitical risks, with companies with mainland backgrounds accounting for 80.59% of the total market capitalization [21][22] - The report anticipates that southbound trading will achieve a net inflow of RMB 1.5 trillion in 2026, surpassing the expected net inflow of RMB 1.33 trillion in 2025 [21][22] Group 4 - The report discusses the normalcy of significant pullbacks during a bull market, noting that the Hang Seng Index experienced a 6.1% decline and the Hang Seng Tech Index a 16.6% decline from late September to late November 2025, which is considered a typical adjustment within historical bull markets [25][29] - It attributes the recent market adjustments to increased internal and external uncertainties, including geopolitical tensions and economic slowdowns, which have led to cautious investor sentiment [26][27] - Historical data shows that during past bull markets, the Hang Seng Index has experienced average pullbacks ranging from 6% to 20%, indicating that the current adjustments do not fundamentally alter the upward trend of the market [29] Group 5 - The report emphasizes the importance of economic construction as a central focus, suggesting that the recent political statements will boost confidence among entrepreneurs and investors, thereby enhancing the fundamentals of listed companies [33][36] - It outlines that the 14th Five-Year Plan prioritizes the strengthening of the real economy, technological self-reliance, and the expansion of domestic demand, which are expected to drive future market growth [35][36] - The report concludes that the increasing recognition of China's AI technology and the presence of high-quality investment targets in the Hong Kong market will attract both domestic and international capital, fostering a positive investment environment [37]

注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 东方证券香港指出，港股科技板块将受益于全球AI回暖与中国政策红利的双轮驱动。中国科技产业正 处于高速成长期，受惠于全球AI革命和中国"新质生产力"战略，恒生科技指数2025年YTD涨幅超25%， 科技板块股价涨幅及业绩表现均远超全A市场。2025年11月下旬以来，全球市场对AI"泡沫"的担忧渐趋 缓和，主要源于美联储降息信号落地、企业盈利超预期以及AI应用场景的实质落地（如Gemini 3模型基 准测试领先）。科技板块覆盖半导体、数字经济及生物科技等领域，展现出全面增长潜力。 港股科技ETF（513020）跟踪的是港股通科技指数（931573），该指数从恒生综合指数中筛选符合互联 互通条件的资讯科技业、电子零件、互动媒体及服务、线上零售商和支付服务等领域的上市公司证券， 选取市值最高的30只作为成分股 ...

Core Insights - The company reported a revenue of SGD 44.211 million for the six months ending September 30, 2025, representing a year-on-year decrease of 8.99% [1] - The loss attributable to shareholders was SGD 1.2702 million, which is a reduction of 55.8% compared to the previous year [1] - The improvement in loss was primarily attributed to better performance in the information technology development and application business [1]

Core Viewpoint - The company reported a decrease in revenue and a narrowed loss for the six months ending September 30, 2025, primarily due to improved performance in its information technology development and application business [1] Financial Performance - Revenue for the period was 44.211 million Singapore dollars, representing a year-on-year decrease of 8.99% [1] - The loss attributable to shareholders was 1.2702 million Singapore dollars, which is a year-on-year reduction of 55.8% [1] - Earnings per share showed a loss of 0.11 Singapore cents [1]

Group 1 - The company reported a revenue of HKD 19.36 million for the six months ending September 30, 2025, compared to HKD 8 million in the same period last year [1] - The loss attributable to shareholders narrowed to HKD 10.44 million, a year-on-year decrease of 6% [1] - The increase in revenue was primarily driven by the integration of Minshang Zhihui, which contributed to the information technology solutions business [1]