HK Stock Market Move | Telecom stocks rose in the morning session with China United Network Communications (00762) up more than 6% and China Telecom Corporation (00728) up more than 5%.

Telecom stocks rose in the morning session, as of the time of publication, China United Network Communications (00762) was up 6.21% at 7.7 Hong Kong dollars; China Telecom Corporation (00728) was up 5.89% at 5.21 Hong Kong dollars; China Mobile Limited (00941) was up 1.28% at 83.35 Hong Kong dollars. On the news front, reports suggest that China is preparing to invest around 2 trillion yuan in building data centers across the country over the next five years, with the goal of establishing a nationwide interconnected computing hub network. State-owned enterprises such as China Mobile and China Telecom will operate most of the data centers and ensure data connectivity. Huaan previously pointed out that in terms of computing power deployment, the three major telecom operators are accelerating the construction of their own computing power infrastructure. China Mobile Limited has achieved a 30% reduction in unit token costs and over 50% resource utilization reduction through token intensive operations and intelligent scheduling; China Telecom Corporation has launched the Star TokenHub operational service platform 1.0, positioning it as an integrated token operational service hub; China United Network Communications utilizes the Yuanjing MaaS platform and AI intelligent connectivity cloud computing power to cover a diverse range of scenarios from individuals to enterprise level.