HK Stock Market Move | The three major telecommunications operators continue to rise, with China United Network Communications (00762) rising more than 3%. Token is expected to lead the growth of telecom operators.

The three major telecom operators continue to rise. As of the time of writing, China United Network Communications (00762) has increased by 3.02%, to 8.18 Hong Kong dollars; China Telecom Corporation (00728) has increased by 1.6%, to 5.73 Hong Kong dollars; China Mobile Limited (00941) has increased by 1.27%, to 87.5 Hong Kong dollars. On the news front, on May 17th, China Telecom Corporation launched a trial commercial Token plan, providing multiple options for individuals and developers, with a minimum monthly fee starting at 9.9 yuan. So far, all three major operators have introduced Token packages. Galaxy Securities believes that from traditional communication traffic operation upgrading to AI computing power commoditization and Token value operation, Token has become the core unit of measurement in the AI era, equivalent to the past traffic GB, and is expected to become a new growth pole for AI-driven telecommunications industry. Huatai's chief analyst in the communication industry also stated that with the explosive growth of AI applications, the demand for AI computing power from users continues to rise. Traditional data plans billed based on GB are no longer able to accurately reflect the computing power costs behind AI services. Therefore, telecom operators have successively launched billing plans based on Tokens. "This not only meets the market's demand for precise billing of AI computing power but also signifies that telecom operators are accelerating the transformation from communication pipeline companies to technology service companies."