Core Viewpoint - The article emphasizes the importance of computing power as a new type of productivity that integrates information computing power, network carrying capacity, and data storage capacity, driving the transformation of urban development in the digital economy era [1][4]. Group 1: Development of 1ms Urban Computing Network - The 1ms urban computing network aims to achieve efficient collaboration and low-latency transmission of computing resources within cities, with a target latency of no more than 1ms between important computing infrastructure in urban areas [1][2]. - Zhejiang Province has established a 1ms low-latency circle, with the construction of a comprehensive 1ms optical network that covers a population of 20 million, doubling its coverage area [2][4]. - The network includes 1.6 million 10G-PON ports and has achieved gigabit fiber coverage for over 100 million households [4]. Group 2: Role of Telecom Operators - Major telecom operators, including China Mobile, China Telecom, and China Unicom, play a crucial role in the construction of the 1ms urban computing network [4][5]. - China Mobile has built a province-wide F5G-A 1ms optical intelligent computing network, achieving full coverage across 90 counties and creating a "highway" for data and computing power transmission [5]. - China Telecom has developed a hierarchical computing network architecture that achieves 1ms latency within cities and 3ms latency across the province [5]. Group 3: Industrial Empowerment through Computing Power - The China (Hangzhou) Computing Power Town focuses on developing a complete industrial ecosystem centered around computing power, particularly in integrated circuit design, high-end software, and intelligent hardware [7]. - The Zhejiang computing power monitoring and perception platform integrates resources from various providers, forming a computing resource pool of 3000P, which supports AI applications and enhances industrial development [7][8]. - Companies like Leap Motor utilize the 1ms urban computing network to achieve real-time data transmission for high-precision simulations and AI model training, significantly reducing vehicle design iteration cycles from 60 months to 24 months [10][11]. Group 4: Future Challenges and Recommendations - Despite the rapid growth of the computing power industry, challenges remain in building a low-latency, high-reliability, and secure urban computing network [11]. - Recommendations include accelerating the development of computing network infrastructure, promoting the digital transformation of various industries, and fostering open cooperation in the computing power industry to create resource aggregation effects [11].

流动性方面，截止7月23日，港股央企红利50ETF（520990）近20个交易日累计成交金额29.62亿元，日 均成交金额1.48亿元；今年以来，134个交易日，累计成交金额155.35亿元，日均成交金额1.16亿元。 港股央企红利50ETF（520990）现任基金经理为龚丽丽、汪洋。龚丽丽自2024年7月25日管理（或拟管 理）该基金，任职期内收益17.15%；汪洋自2025年7月15日管理（或拟管理）该基金，任职期内收益 3.73%。 最新定期报告显示，港股央企红利50ETF（520990）重仓股包括中国移动、中国石油股份、中远海控、 中国海洋石油、中国神华、中国石油化工股份、中国电信、中国联通、招商银行、中煤能源，持仓占比 如下。 股票代码股票名称持仓占比持仓股数（股）持仓市值（元）00941中国移动10.83%621.75万4.94亿00857 中国石油股份10.55%7814.80万4.81亿01919中远海控9.66%3540.75万4.40亿00883中国海洋石油 9.03%2547.10万4.12亿01088中国神华8.09%1328.00万3.69亿00386中国石油化工股份7.66%931 ...

Group 1 - The establishment of the Electromagnetic Situation Research Laboratory marks a significant advancement in Hebei Province's measurement and testing capabilities in the electromagnetic field, positioning it among the national leaders [1] - The laboratory covers an area of 1,050 square meters with an investment exceeding 20 million yuan, equipped with over 20 advanced international testing devices to accurately simulate complex electromagnetic environments [1] - The laboratory's technical capabilities include electromagnetic compatibility (EMC) testing, interference suppression algorithm development, and AI-driven intelligent detection, meeting the testing needs of major telecom operators [1] Group 2 - The laboratory focuses on three core areas: technological breakthroughs in 5G/6G electromagnetic technology, service upgrades for the entire communication industry chain, and talent cultivation through deep integration of industry, academia, and research [2] - It aims to create a one-stop service platform that integrates testing, certification, and consulting, significantly enhancing R&D efficiency and reducing operational costs for enterprises [2] - Strategic cooperation agreements have been signed with entities like China Mobile Design Institute and Shijiazhuang Railway University, with plans to expand research into cutting-edge fields such as 6G terahertz communication and quantum measurement [2]

Group 1 - The three major telecom operators in China have made commitments to improve transparency and customer service, responding to consumer demands and regulatory requirements [1][3][8] - China Mobile has introduced ten service commitments, including transparent consumption and proactive reminders, while China Unicom and China Telecom have also announced measures to simplify pricing and improve service levels [1][3] - Despite these commitments, there is skepticism among consumers regarding the operators' ability to fulfill these promises, as past experiences have shown a lack of genuine action [3][5][7] Group 2 - The complexity of current pricing plans has led to consumer frustration, as many feel that the operators are not acting in their best interests and are instead creating confusing algorithms to maximize profits [5][7] - The operators are seen as service enterprises that should prioritize consumer needs, yet their past actions have often resulted in harm rather than service, leading to a negative perception among consumers [7][8] - As state-owned enterprises, the telecom operators have a responsibility to serve the public, and failing to do so could damage their overall image and trust with consumers [8]

Core Viewpoint - The three major telecom operators in China have committed to implementing substantial measures to enhance transparent consumption and simplify service packages in response to common consumer pain points such as confusing service plans and unsolicited calls from abroad [1]. Group 1: China Mobile - China Mobile has announced ten service commitments, including a promise to resolve service requests not effectively addressed by the 10086 hotline within 48 hours [2]. - The company will provide 24/7 service through various channels, including the China Mobile App and a dedicated hotline [2]. Group 2: China Telecom - China Telecom has introduced nine regulatory measures, emphasizing that services can only be activated with user consent, thereby increasing transparency in the consumption process [3]. - The company will standardize the process for unsubscribing from services and prohibit the sale of unpublicized package products [3]. Group 3: China Unicom - China Unicom plans to significantly reduce the variety and number of service packages, ensuring that pricing information is clearly categorized and displayed [4]. - Key terms in service agreements will be prominently highlighted to facilitate user understanding of important information [4]. - As of the end of May, the total number of mobile phone users among the three major telecom companies and China Broadcasting Network reached 1.807 billion, while fixed internet broadband users totaled 682 million [4]. Group 4: General Measures - The subscription process for services must receive explicit user consent, and users will be notified via SMS immediately after the completion of any service activation [5]. - Changes to service plans without contractual conditions must be completed within 48 hours [5]. - Users will have the option to block calls and messages from international numbers, addressing concerns about unwanted communications [5].

Core Viewpoint - The three major telecom operators in China have committed to implementing substantial measures in transparent consumption and package simplification to enhance consumer protection and satisfaction [1]. Group 1: China Mobile - China Mobile has announced ten service commitments, including the requirement for explicit customer consent during the service ordering process and immediate notification via SMS upon completion [2]. - Changes to packages without contractual conditions will be processed within 48 hours [3]. - Users can independently block calls and messages from overseas numbers, and the company provides 24/7 service for unresolved customer service requests through various channels [4]. Group 2: China Telecom - China Telecom has introduced nine regulatory measures, emphasizing that user consent is required before activating telecom services to ensure a more transparent consumption process [5]. - The company will standardize the process for service cancellations and prohibit the sale of unpublicized package products [5]. Group 3: China Unicom - China Unicom plans to significantly simplify the types and numbers of tariff packages, ensuring that the pricing information is clearly categorized and displayed [6]. - Key terms in business agreements will be prominently highlighted to facilitate user understanding of important information [6]. Group 4: Industry Context - The Ministry of Industry and Information Technology launched the "Clear Handling, Safe Use" initiative in April to address common consumer complaints regarding complex packages, unauthorized subscriptions, and unclear charges [7]. - As of the end of May, the total number of mobile phone users among the three major telecom companies and China Broadcasting Network reached 1.807 billion, while fixed broadband internet access users totaled 682 million [7].

Core Viewpoint - The three major telecom operators in China are taking substantial measures to enhance transparent consumption and simplify service packages in response to common consumer pain points such as confusing subscriptions and unsolicited calls from abroad [2][10]. Group 1: China Mobile Initiatives - China Mobile has introduced ten service commitments, including requiring explicit customer consent for service subscriptions and sending notification messages immediately after service completion [3]. - For package changes without contractual conditions, China Mobile will ensure completion within 48 hours, and users can independently block international calls and messages [3][5]. Group 2: China Telecom Measures - China Telecom has launched nine regulatory measures, emphasizing the need for user consent before activating telecom services to make the consumption process more transparent [6]. - The company will standardize the process for unsubscribing from services and prohibit the sale of unpublicized package products [6]. Group 3: China Unicom's Package Simplification - China Unicom plans to significantly reduce the variety and number of service packages, ensuring that pricing information is clearly categorized and displayed [8]. - Key terms in service agreements will be prominently highlighted to facilitate user understanding of important information [8]. Group 4: Consumer Rights Protection - The Vice President and Secretary-General of the China Consumers Association emphasized the need for operators to take responsibility for consumer rights protection and improve service quality to prevent and resolve disputes [10]. - The Ministry of Industry and Information Technology launched the "Clear Handling, Safe Use" initiative in April to address issues such as complex packages and unclear charges, with telecom user numbers reaching 1.807 billion and fixed broadband users at 682 million by the end of May [10].

Group 1 - Major telecom operators in China are implementing measures to enhance transparency and simplify service offerings in response to consumer complaints about complex billing and unsolicited services [1][2] - China Mobile has introduced ten service commitments, including requiring customer confirmation for service subscriptions and providing timely notifications for changes in service plans [1] - China Unicom announced sixteen initiatives aimed at simplifying tariff plans and improving the visibility of key contract terms to enhance consumer understanding [1] - China Telecom emphasized the need for user consent before activating services and has introduced measures to standardize the process for service cancellations [1] Group 2 - The China Consumers Association highlighted the importance of consumer rights protection as a key aspect of public welfare and urged businesses to take responsibility for safeguarding consumer interests [2] - The Ministry of Industry and Information Technology launched the "Clear Handling, Safe Use" initiative to address consumer concerns regarding complex tariffs and undisclosed charges [2] - As of the end of May, the total number of mobile phone users among the three major telecom operators and China Broadcasting Network reached 1.807 billion, while fixed broadband internet users totaled 682 million [2]

Core Insights - The report provides an executive-level overview of the telecommunications market in China, including detailed forecasts of key indicators up to 2029 [2][9] - It highlights the competitive dynamics and evolution of demand by service type and technology/platform across various segments [2][9] Market Highlights - Fixed broadband service revenue is projected to decline at a CAGR of 1.3% during the forecast period due to a significant drop in fixed broadband ARPU as telecom operators offer discounted broadband services [4] - Total telecom and pay-TV service revenue in China is expected to grow at a CAGR of 0.5% from 2024 to 2029, primarily driven by mobile data and pay-TV segments [5] - Mobile data service revenue is forecasted to grow at a five-year CAGR of 5%, supported by the increase in smartphone subscriptions and mobile internet usage, particularly on 5G networks [5] Operating Environment - The report includes an analysis of the demographic and macroeconomic context in China, as well as a review of the regulatory environment and trends over the next 18-24 months [8] - It examines the competitive landscape, focusing on the positioning of leading players in the telecom and pay-TV services market, along with subscription market shares across segments [8][11] Telecom Services Market Outlook - The report provides historical figures and forecasts of service revenue from fixed telephony, broadband, mobile voice, mobile data, and pay-TV markets [8][11] - It offers company snapshots analyzing the financial position of leading service providers in the telecommunications and pay-TV markets [8][11]

Core Viewpoint - The three major telecom operators in China are committed to improving service transparency and consumer rights protection in response to consumer concerns about unclear pricing, difficult cancellation processes, and complex package options [1]. Group 1: Company Initiatives - China Mobile has launched ten service commitments, including ensuring customer confirmation for service orders and completing package changes within 48 hours if no contract conditions are specified [1]. - China Unicom announced sixteen measures to simplify pricing plans and enhance clarity in service agreements, including highlighting key elements in contracts [1]. - China Telecom introduced nine measures to standardize service provision, including obtaining user consent before activating services and clarifying cancellation processes [1]. Group 2: Consumer Rights Emphasis - The Vice President of the China Consumers Association emphasized the importance of consumer rights protection as a vital aspect of public welfare, urging businesses to take responsibility for service quality and to proactively prevent disputes [1]. Group 3: Industry Statistics - As of the end of May, the total number of mobile phone users among the three major telecom companies and China Broadcasting reached 1.807 billion, while fixed internet broadband users totaled 682 million [2].