Core Viewpoint - The article highlights the comprehensive communication support provided by China Telecom Huizhou for the 15th National Games, ensuring stable and efficient network services for various sporting events, particularly the skateboarding competition. Group 1: Event Overview - The 15th National Games opened on November 9, with skateboarding competitions held on November 10-11 in Huizhou [1] - Huizhou is a key city in the Guangdong-Hong Kong-Macao Greater Bay Area, hosting multiple events including taekwondo and roller skating [3] Group 2: Communication Infrastructure - China Telecom Huizhou established a professional support team to enhance 5G network coverage and ensure reliable communication for media and event operations [1][3] - Significant investments were made in infrastructure, including the expansion of 5G networks and the installation of new equipment to improve network security and performance [4][6] Group 3: Technological Innovations - The implementation of an all-optical high-speed base achieved ultra-low latency connectivity, ensuring stable data transmission during peak traffic [6] - A dedicated event-specific network was created to physically isolate event data from public internet traffic, enhancing security [6] - Upgraded network management platforms allowed for real-time monitoring and quick recovery from issues, ensuring a seamless communication experience [6] Group 4: On-Site Support and Services - The communication support team was present at key locations, conducting regular inspections and optimizations to maintain network performance [7] - China Telecom Huizhou provided high-speed broadband services at ticket sales points to facilitate easier access for the public, particularly for the elderly [8] Group 5: Community Engagement and Social Responsibility - The company collaborated with local volunteer organizations to offer services such as fraud prevention and broadband testing during the event [10] - Efforts were made to extend support beyond the event, contributing to community welfare and enhancing public engagement [10] Group 6: Future Implications - The experiences and infrastructure developed during the National Games will contribute to the ongoing construction of a smart Huizhou, enhancing digital connectivity for residents [11] - The innovations tested during the event are expected to set a benchmark for future digital applications and urban management [11]

Core Insights - China Telecom Quantum Research Institute announced the completion of the "Tianyan-287" superconducting quantum computer, which features 105 data qubits and 182 coupling qubits, developed in collaboration with Keda Guandun Quantum Technology Co., Ltd [1][2] - The quantum computing system demonstrates "quantum computing superiority," processing specific problems 450 million times faster than the fastest supercomputer currently available, and will be integrated into the "Tianyan" quantum computing cloud platform for global application services [1][2] Group 1 - The construction of "Tianyan-287" showcases breakthroughs in three areas: "national production," "AI empowerment," and "super fusion" technology [2] - The hardware and components used in "Tianyan-287" are entirely domestically produced, with key parts like large-capacity dilution refrigerators and low-temperature components developed by local manufacturers [2] - The team developed an AI-enabled automatic calibration system for superconducting chip parameters, achieving efficient and high-precision calibration and maintenance of the quantum computing system [2] Group 2 - The integration of the superconducting quantum computer with the "Tianyi Cloud" supercomputing platform allows for high-bandwidth super fusion, enabling low-latency interaction between quantum computing and supercomputing resources [2] - The "Tianyan" quantum computing cloud platform was officially launched in November 2023, merging Tianyi Cloud supercomputing capabilities with 176 qubit superconducting quantum computing capabilities [2] - The platform has seen over 37 million visits, serving users across more than 60 countries and regions, with over 2.7 million experimental tasks completed [2] Group 3 - The company aims to provide computational support for more industry users and research institutions, expanding the application boundaries of quantum computing and enhancing China's core competitiveness and influence in the field [3]

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (72.30%), Power Assets Holdings (69.38%), and GCL-Poly Energy Holdings (69.31%) [1] - Alibaba, Xiaomi, and Tencent saw the largest increases in holdings over the last five trading days, with increases of HKD 56.17 billion, HKD 15.10 billion, and HKD 13.17 billion respectively [1] - The largest decreases in holdings were observed in the Tracker Fund of Hong Kong (-HKD 20.12 billion), Hang Seng China Enterprises Index ETF (-HKD 15.76 billion), and China Shenhua Energy (-HKD 6.46 billion) [2] Hong Kong Stock Connect Holding Ratios - China Telecom (00728): 100.34 million shares, 72.30% holding ratio [1] - Power Assets Holdings (01635): 37 million shares, 69.38% holding ratio [1] - GCL-Poly Energy Holdings (01330): 28 million shares, 69.31% holding ratio [1] - Other notable companies include: - Hengtong International Investment (01341): 74.62 million shares, 68.79% [1] - COSCO Shipping Energy Transportation (01138): 88.9 million shares, 68.62% [1] Recent Increases in Holdings (Last 5 Trading Days) - Alibaba (09988): +HKD 56.17 billion, +35.92 million shares [1] - Xiaomi (01810): +HKD 15.10 billion, +38.91 million shares [1] - Tencent (00700): +HKD 13.17 billion, +2.12 million shares [1] - Other companies with significant increases include: - China Construction Bank (00939): +HKD 9.83 billion, +120.94 million shares [1] - Industrial and Commercial Bank of China (01398): +HKD 8.70 billion, +134.90 million shares [1] Recent Decreases in Holdings (Last 5 Trading Days) - Tracker Fund of Hong Kong (02800): -HKD 20.12 billion, -77.44 million shares [2] - Hang Seng China Enterprises Index ETF (02828): -HKD 15.76 billion, -16.85 million shares [2] - China Shenhua Energy (01088): -HKD 6.46 billion, -15.76 million shares [2] - Other companies with notable decreases include: - Agricultural Bank of China (01288): -HKD 5.89 billion, -99.68 million shares [2] - China Hongqiao Group (01378): -HKD 3.47 billion, -11.31 million shares [2]

Core Viewpoint - The company, Invt, has confirmed that its products are being applied in projects related to China Telecom through partnerships with system integrators in a "project-level" collaboration [2] Group 1 - The company engages in project-level cooperation with system integrators [2] - The application of the company's products is specifically linked to China Telecom-related projects [2]

Core Points - Huang Xudan, former General Manager of the Audit Department at China Telecom Group, has been reassigned as a full-time external director at a state-owned enterprise [1][3] - Huang, born in 1969, is 56 years old and has not yet reached the typical retirement age for second-level cadres at 58 [3] - Huang has a long-standing career in financial management and auditing, having previously held significant positions at China Unicom and China Telecom [3][4] Summary by Sections - **Career Background** - Huang Xudan started her career at China Unicom, quickly rising to the position of Deputy General Manager of the Finance Department [3] - In 2008, she transitioned to China Telecom when the C network was transferred from Unicom, becoming Deputy General Manager of the Finance Department at China Telecom [3] - She was promoted to Chairman of Tianyi Financing Leasing Company in 2021 and later became General Manager of China Telecom Finance Company [3] - In 2023, she took over as General Manager of the Audit Department, a position she has now vacated [3] - **Reputation and Recognition** - Huang is recognized for her low-profile yet diligent work ethic, having been entrusted with multiple key roles, including Chairperson of the Supervisory Board of China Tongfu and Tianyi Cloud Technology Company [4] - Her annual pre-tax salary for 2024 is reported to be 740,000 [4]

Core Viewpoint - Changfei Optical Fiber (601869) and its cable segment saw a significant stock price increase, attributed to advancements in optical fiber technology and growing demand driven by AI computing needs [1] Company Summary - Changfei Optical Fiber's stock rose over 8% during trading, closing at 36.2 HKD with a transaction volume of 554 million HKD [1] - The company is positioned to benefit from the advancements in hollow-core fiber technology, which is expected to be a strategic growth lever [1] Industry Summary - China Telecom (601728) achieved a milestone by successfully completing the world's first transmission experiment using hollow-core fiber over a distance exceeding 100 kilometers, setting a new record in the field [1] - The experiment's four core indicators reached globally leading levels, indicating significant progress in quantum-classical co-transmission technology [1] - According to Zhongtai Securities (600918), the explosion of AI computing power demand in 2025 will be a key driver for optical fiber demand, with data centers transitioning to 800G/1.6T networks [1] - UBS highlighted the long-term development potential of hollow-core fiber, predicting that technology will mature over the next 2-3 years, contributing significantly to revenue, although short-term profit impacts remain limited [1]

Core Viewpoint - China Telecom has successfully completed the world's first transmission experiment using hollow-core fiber over a distance exceeding 100 kilometers, marking a significant breakthrough in quantum-classical co-fiber transmission technology [1] Company Summary - Longi Fiber Optic Cable (06869) saw its stock price increase by over 8% during trading, closing at 36.2 HKD with a transaction volume of 554 million HKD [1] - UBS indicates that hollow-core fiber has long-term development potential, with expectations for technology maturation and significant revenue contributions in the next 2-3 years, although short-term impacts on profitability remain limited [1] Industry Summary - According to Zhongtai Securities, the explosion in AI computing power demand will be the main driver for fiber optic demand by 2025, as data centers transition to 800G/1.6T networks to ensure training efficiency for large AI clusters [1] - Hollow-core fiber is viewed as the ultimate solution for internal communication within AI clusters and ultra-low latency data center interconnects (DCI) [1]

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (72.20%), Gree Power Environmental (69.27%), and COSCO Shipping Energy (69.13%) [1][2] - Xiaomi Group, Tencent Holdings, and Industrial and Commercial Bank of China saw the largest increases in holding amounts over the last five trading days, with increases of +27.92 billion, +13.92 billion, and +12.90 billion respectively [1][2] - The largest decreases in holding amounts were observed in the Yingfu Fund (-62.67 billion), Hang Seng China Enterprises (-21.20 billion), and Hua Hong Semiconductor (-9.12 billion) [1][3] Group 1: Hong Kong Stock Connect Holding Ratios - China Telecom (00728) has a holding of 100.21 billion shares, representing 72.20% [2] - Gree Power Environmental (01330) has a holding of 2.80 billion shares, representing 69.27% [2] - COSCO Shipping Energy (01138) has a holding of 8.96 billion shares, representing 69.13% [2] Group 2: Recent Increases in Holdings - Xiaomi Group (01810) increased its holding by +27.92 billion, with a change of +68.45 million shares [2] - Tencent Holdings (00700) increased its holding by +13.92 billion, with a change of +2.23 million shares [2] - Industrial and Commercial Bank of China (01398) increased its holding by +12.90 billion, with a change of +200.68 million shares [2] Group 3: Recent Decreases in Holdings - Yingfu Fund (02800) decreased its holding by -62.67 billion, with a change of -240.49 million shares [3] - Hang Seng China Enterprises (02828) decreased its holding by -21.20 billion, with a change of -22.67 million shares [3] - Hua Hong Semiconductor (01347) decreased its holding by -9.12 billion, with a change of -11.37 million shares [3]

Core Points - Jiangsu Province signed a strategic cooperation agreement with China Telecom Group on November 17, aiming to enhance collaboration in digital economy development and infrastructure construction [1] Group 1: Strategic Cooperation - The agreement is seen as a catalyst for deepening cooperation in new infrastructure, emerging industries, and social governance [1] - Jiangsu's leadership expressed gratitude for China Telecom's support in the province's development [1] Group 2: Digital Economy Development - Jiangsu is focusing on the integration of the real economy and digital economy, leveraging opportunities in digitalization, networking, and intelligence [1] - China Telecom plans to implement the "Smart Cloud Jiangsu" initiative, collaborating closely with research institutions and enterprises across the industry chain [1] Group 3: Future Prospects - Both parties aim to contribute significantly to the construction of a digital China through their partnership [1] - The collaboration is expected to expand in breadth and depth, promoting mutual benefits [1]

Core Viewpoint - The strategic cooperation agreement signed between Jiangsu Province and China Telecom aims to enhance digital economy development and infrastructure construction in the region [1] Group 1: Strategic Cooperation - Jiangsu Province and China Telecom signed a strategic cooperation agreement on November 17 [1] - The agreement is seen as a catalyst for deepening collaboration in new infrastructure, emerging industries, and social governance [1] Group 2: Digital Economy Development - Jiangsu is focusing on digitalization, networking, and intelligence to reshape its economic advantages [1] - The province is implementing the "Artificial Intelligence +" initiative to integrate the real economy with the digital economy [1] Group 3: Collaborative Efforts - China Telecom plans to leverage its strengths to implement the "Smart Cloud Jiangsu" initiative, collaborating closely with research institutions and enterprises [1] - The goal is to expand the breadth and depth of cooperation with Jiangsu, aiming for mutual benefits [1]