HK Stock Market Move | ZTE Corporation (00763) rose more than 4% against the market trend. The company has carried out NTN technology experiments and made breakthroughs, providing comprehensive satellite payload products.

ZTE Corporation (00763) rose more than 4% against the market trend, rising 3.99% to HK$29.2 with a trading volume of HK$3.7 billion as of the deadline. In terms of news, ZTE Corporation stated on the interactive platform that there is a trend of convergence between communication technology in the commercial aerospace field and ground communication networks. As a global leading communication expert, the company is committed to building a satellite-ground fusion communication network for 6G. Currently, the company has cooperated with domestic operators and satellite companies, conducting multiple NTN technology trial verifications and achieving breakthroughs. In the future, with its leading advantages in industry standardization, core technology, product indicators, etc., the company will provide comprehensive satellite payload products to help partners build core competitiveness. Huaxi released a research report stating that satellite networks serve as the foundation for 6G network construction, which currently aligns with 6G standards and construction timeframes. Relevant departments have indicated since August that satellite internet licenses will be issued, marking a crucial first step in the commercial operation of satellite internet in China. The issuance of licenses is expected to accelerate the entire industry chain towards scale.