Express News | China Mobile and the University of Science and Technology of China will conduct joint research in areas such as low-altitude economy and brain-like computing.
The tracker fund of hong kong had a net outflow of 11.071 billion HKD.
There is a net inflow of northbound funds into CNOOC (00883.HK), China Mobile (00941.HK), and SMIC (00981.HK), reaching 0.398 billion Hong Kong dollars, 0.26 billion Hong Kong dollars, and 34.94 million Hong Kong dollars respectively. There is a net outflow of northbound funds from tracker fund of hong kong (02800.HK), Hang Seng China Enterprises Index (02828.HK), and Tencent (00700.HK), reaching 11.071 billion Hong Kong dollars, 2.386 billion Hong Kong dollars, and 0.253 billion Hong Kong dollars respectively. The most active stock with highest net inflow of funds through Stock Connect (Shanghai) is ICBC (00939.HK) at 0.524 billion Hong Kong dollars, while the highest fund
citic sec: Four industry associations have spoken out, calling for the localization of chips, which has a significant guiding role in the direction.
On December 3, 2024, the four major industry associations of china's semiconductors/autos/internet/communication companies collectively issued a statement, firmly opposing the usa's export restrictions against china, stating that relevant chip products from the usa are no longer safe or reliable, and calling for the active use of chips produced by domestic and foreign enterprises in china.
Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.
In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.
Express News | China Communications Enterprise Association: To ensure the security and stability of the information communication industry chain and supply chain, caution should be exercised in purchasing American chips.
【Brokerage Focus】 UBS Group: China telecom industry shows moderate recovery, telecom companies are expected to achieve annual profit guidance.
Jinwu Financial News | In a recent research report by ubs group on the telecommunication services industry in china, it was pointed out that according to data from the Ministry of Industry and Information Technology of china, the service revenue of the telecommunication industry in October 2024 is expected to grow by 2.6% year-on-year, a recovery compared to 1.8% in the third quarter, but still mild compared to 1.6% in the same period last year. The report mentions that mobile data revenue and fixed data revenue grew by 1.7% and 5.2% year-on-year, respectively, which is an improvement compared to 2.0% and 1.1% in September. Traditional telecommunication service revenue increased by 2.1%, while value-added service revenue grew by 4.2%, compared to 5.0% in the third quarter and the same period last year.