The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The "Notice" is based on the development pace of the mobile internet of things industry and the current situation of mobile internet of things applications in various industries, and clearly defines the development goals of mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, i.e. 4G networks with category 1 speed) and 5G (including NB-IoT, narrowband internet of things.
Hong Kong Stock Connect Alibaba net inflow of 3.513 billion Hong Kong dollars.
There was a net inflow of funds into Alibaba (09988.HK), Tencent (00700.HK), and CNOOC (00883.HK) from the northbound Southbound, reaching 3.513 billion Hong Kong dollars, 0.162 billion Hong Kong dollars, and 23.06 million Hong Kong dollars respectively. There was a net outflow of funds from Meituan (03690.HK) and China Mobile (00941.HK) from the northbound Southbound, reaching 0.253 billion Hong Kong dollars and 0.114 billion Hong Kong dollars respectively. The highest net fund inflow in the Hong Kong Stock Connect (Shanghai) was for Alibaba (09988.HK) at 1.501 billion Hong Kong dollars, while the highest net fund outflow was for Meituan (03690.HK) at 0.543 billion.
Hong Kong stock concept tracking | Ministry of Industry and Information Technology's heavy document release! Which symbols will benefit from the mobile Internet of Things? (Attached concept stocks)
As of the end of July 2024, the number of mobile internet of things terminal users in China reached 2.547 billion households, accounting for 59% of the total number of mobile network terminal connections. The development of mobile internet of things has achieved significant results.
Express News | The total R&D investment of the top 500 Chinese enterprises in 2024 exceeded 1.8 trillion yuan, with Huawei's total R&D investment far ahead.
In "Da Hang", CICC lists the top 20 total market capitalization of Chinese-funded stocks, adjusts the net profit forecast based on year-on-year growth rate (table).
CICC's report stated that, based on comparable caliber and denominated in Hong Kong dollars, the profits of overseas Chinese-funded stocks in the first half of the year increased by 2.3% year-on-year, accelerating from 0.2% in 2023, and outperforming A-shares. Internet e-commerce experienced high growth, while the export chain and metal were bright spots, with real estate and banks dragging down. In the first half of this year, the profits of overseas Chinese-funded stocks in the financial industry declined by 1.1% year-on-year (compared to a 2.7% drop in 2023), while the non-financial sector saw growth of 6.3% (compared to a 3.9% increase in 2023).
Hong Kong stock market anomaly | China Telecom (00728) fell more than 4%, leading the decline in the telecommunication sector. Morgan Stanley said that the second quarter performance is mixed, and uncertainty in future business has increased.
The telecommunication sector as a whole is declining. As of the time of publication, China Telecom (00728) fell by 3.79%, to 4.31 Hong Kong dollars; China United Network Communications (00762) fell by 3.64%, to 6.1 Hong Kong dollars; China Mobile (00941) fell by 1.6%, to 70.85 Hong Kong dollars.