HK Stock Market Move | The three major telecommunications carriers collectively strengthen, with China Telecom Corporation (00728) rising by over 7% to hit a historical high, all fully connected to the DeepSeek large model.

The three major telecommunications operators collectively strengthened. As of the time of publication, China Telecom Corporation (00728) rose 7.18% to 5.52 Hong Kong dollars; China United Network Communications (00762) rose 6.22% to 7.86 Hong Kong dollars; China Mobile Limited (00941) rose 3.51% to 78.15 Hong Kong dollars. On the news front, the Operation Monitoring and Coordination Department of the Ministry of Industry and Information Technology recently mentioned in its report on the communication industry related to the 2025 Spring Festival that all three basic telecommunications enterprises have fully connected to the DeepSeek open-source large model, realizing applications in multiple scenarios and products. They provide exclusive computing power solutions and supporting environments for the popular DeepSeek-R1 model, helping to unleash the performance of domestic large models. CITIC SEC believes that DeepSeek provides technical validation and commercialization opportunities for domestic AI chip manufacturers, and also helps cloud computing companies and operators achieve service upgrades and revenue growth. Open Source Securities stated that DeepSeek's access to operators is expected to increase the demand for computing power, potentially driving the development of operator cloud computing businesses and smart computing businesses. It is also expected to promote the development of operators' own AI large models and AI applications. Operators may welcome a "profit + valuation" Davis double hit, and it is recommended to pay attention to investment opportunities in the three major telecommunications operators.