根据2025年5月2日披露数据，中国电信（00728）、新天绿色能源（00956）、凯盛新能（01108）位居 港股通持股比例前3位，分别为73.85%、67.51%、67.45%。此外，美团-W（03690）、康方生物 （09926）、中银香港（02388）在最近有统计数据的5个交易日内，持股额增幅最大，分别为+26.00亿 元、+5.73亿元、+4.88亿元;腾讯控股（00700）、阿里巴巴－W（09988）、盈富基金（02800）在最近 有统计数据的5个交易日内，持股额减幅最大，分别为-31.32亿元、-23.84亿元、-17.21亿元。 具体数据如下（交易所数据根据T+2日结算）： 1、港股通最新持股比例排行（前20名） | 公司名称 | 持股数量 | 最新持股比例 | | --- | --- | --- | | 中国电信(00728) | 102.49亿股 | 73.85% | | 新天绿色能源(00956) | 12.42亿股 | 67.51% | | 凯盛新能(01108) | 1.69亿股 | 67.45% | | 白云山(00874) | 1.46亿股 | 66.27% | | 绿色动力环保 ...

Group 1 - The core viewpoint emphasizes that cloud technology is crucial for the development of artificial intelligence and serves as a foundational element for China Telecom's transition from digitization to intelligence in supporting the construction of a digital China [1] - China Telecom has implemented a comprehensive cloud transformation strategy, focusing on the network as the foundation and cloud as the core, while making significant progress in developing Tianyi Cloud as a national cloud [1][2] - The company has established major intelligent computing clusters in Shanghai and Beijing, and launched the world's first commercial intelligent computing super node in the Greater Bay Area, achieving a dual leap in the quality and quantity of intelligent computing power [2] Group 2 - Tianyi Cloud's revenue has surpassed 100 billion yuan, maintaining a leading market share, and the company is actively promoting the integration of cloud and AI [2] - China Telecom is enhancing its research and development capabilities by establishing a cloud company and a cloud computing research institute, as well as introducing strategic scientists and investors [2] - The company aims to build an intelligent cloud capability system to upgrade digital information infrastructure and improve core capabilities of its large models, focusing on complex reasoning and lightweight, low-cost deployment [2] Group 3 - China Telecom is transitioning from providing bare computing power to offering comprehensive intelligent services to meet diverse customer needs, supporting the digital transformation of the economy and society [2] - This year is highlighted as the year of large-scale application of artificial intelligence, with new open-source AI technologies achieving high performance, low cost, and lightweight solutions [2]

Group 1 - The core viewpoint emphasizes that computing power is the foundation of artificial intelligence (AI) development, with ongoing technological advancements and practical applications driving the deep integration of AI and computing power [1] - China Telecom's chairman highlighted that cloud computing is crucial for AI development, and the company aims to establish Tianyi Cloud as the national cloud, aligning with the national strategy for digital economic development [1] - The "National Cloud" project, promoted by the State-owned Assets Supervision and Administration Commission, aims to build a self-controlled cloud computing infrastructure by integrating resources from state-owned enterprises [1] Group 2 - China Telecom has established major intelligent computing clusters in Shanghai and Beijing, and launched the world's first commercial intelligent computing platform in the Greater Bay Area, achieving significant advancements in both quality and quantity of intelligent computing power [1] - The company has made breakthroughs in key technologies such as distributed cloud operating systems and server operating systems, and has developed a full-stack cloud platform [1] - China Telecom has introduced the first domestically developed trillion-parameter "Xingchen" foundational model system, leading the way in open-sourcing within state-owned enterprises [2] - The demand for computing power is shifting from general computing to intelligent computing, driven by rapid advancements in AI technology and the accelerated deployment of large AI models [2]

Core Viewpoint - The launch of the first drone route in Longgang District, Shenzhen, utilizing "5G-A + digital low-altitude platform + drones," aims to enhance the efficiency of document delivery for government and enterprises, marking a significant step in the development of the low-altitude economy [1][5]. Group 1: Technological Integration - The new drone route integrates 5G-A technology with low-altitude intelligent networking, enabling autonomous flight, real-time obstacle avoidance, and precise positioning, with flight error controlled within centimeters [5]. - The service platform developed by China Telecom Shenzhen provides comprehensive flight services, including task application, monitoring, and evaluation, supporting smart services for management and flight personnel [5][6]. Group 2: Economic Impact - The successful first flight of the drone route is expected to enhance the regional smart logistics system, supporting high-density, high-frequency, and safe low-altitude flight operations [6]. - The establishment of the low-altitude fusion communication flight verification test center will support the research, application validation, and standard formulation for low-altitude flight technology [6]. Group 3: Broader Implications - The drone route signifies a leap from the concept of low-altitude economy to practical application, leveraging technologies like 5G communication, Beidou navigation, and quantum security to create a comprehensive logistics network [7]. - The initiative reflects a transformation in urban operation methods, suggesting that efficient movement of documents, goods, and emergency supplies via drones can lead to smarter and more agile cities [7][8]. Group 4: Challenges Ahead - Despite the advancements, challenges remain in addressing the "last mile" issues, such as balancing flight safety with airspace openness and making technology costs more accessible [8].

Core Points - The article discusses the farewell of telegram services in Hangzhou, with the last day of operation being April 30, 2025, after which only Beijing will continue to offer telegram services [1][12][18] - The closure of telegram services marks the end of a historical communication method that has been in use for nearly 200 years, reflecting the evolution of communication technology [16][18] Summary by Sections Telegram Service Closure - Hangzhou will completely stop telegram services on May 1, 2025, making April 30 the last day for sending telegrams in the region [1][12] - The event attracted many residents and visitors, leading to long queues at the China Telecom Hangzhou branch, with people eager to send their final telegrams [1][5] Public Sentiment and Participation - Many individuals participated in sending telegrams as a form of nostalgia, with some sending multiple telegrams for personal keepsakes or to commemorate the service [3][5] - A notable participant was a student who sent a telegram to himself as a motivational gesture before his upcoming exams [3][5] Historical Context - The last telegram operator in Hangzhou, who is nearing retirement, reminisced about the golden age of telegrams when they were the fastest means of communication [7][9] - The decline of telegram services began in the 1990s with the rise of alternative communication methods such as telephones and the internet, leading to a significant drop in telegram usage [11][12] Future of Communication - The article emphasizes that the end of telegram services is not just a closure but a transition to new forms of communication, highlighting the ongoing evolution in the telecommunications industry [16][18] - The farewell message from China Telecom reflects a commitment to embracing future technologies while honoring the legacy of telegrams [17][18]

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (00728) at 73.88%, Kaisheng New Energy (01108) at 67.44%, and Xintian Green Energy (00956) at 67.34% [1] - Meituan-W (03690), Yingfu Fund (02800), and Hang Seng China Enterprises (02828) saw the largest increases in holding amounts over the last five trading days, with increases of +2.663 billion, +2.419 billion, and +1.919 billion respectively [1] - Tencent Holdings (00700), China Ping An (02318), and Pop Mart (09992) experienced the largest decreases in holding amounts over the last five trading days, with decreases of -2.365 billion, -1.060 billion, and -0.985 billion respectively [2] Group 1: Top Holding Ratios - China Telecom (00728) has a holding ratio of 73.88% with 10.254 billion shares [1] - Kaisheng New Energy (01108) has a holding ratio of 67.44% with 169 million shares [1] - Xintian Green Energy (00956) has a holding ratio of 67.34% with 1.239 billion shares [1] Group 2: Recent Increases in Holdings - Meituan-W (03690) increased by +2.663 billion with a change of +20.439 million shares [1] - Yingfu Fund (02800) increased by +2.419 billion with a change of +108.6535 million shares [1] - Hang Seng China Enterprises (02828) increased by +1.919 billion with a change of +23.1124 million shares [1] Group 3: Recent Decreases in Holdings - Tencent Holdings (00700) decreased by -2.365 billion with a change of -4.9555 million shares [2] - China Ping An (02318) decreased by -1.060 billion with a change of -22.7474 million shares [2] - Pop Mart (09992) decreased by -0.985 billion with a change of -5.0801 million shares [2]

Core Viewpoint - China Telecom is committed to building a digital China and has made significant progress in its cloud transformation strategy, focusing on artificial intelligence and the development of its Tianyi Cloud platform [1][2]. Group 1: Technological Advancements - China Telecom has established major intelligent computing clusters in Shanghai and Beijing, and launched the world's first commercial intelligent computing Ascend super node in the Greater Bay Area [1]. - The company has achieved breakthroughs in key technologies such as distributed cloud operating systems and server operating systems, and has developed a full-stack cloud platform [1]. - The Tianyi Cloud server operating system CTyunOS has passed national security assessments, receiving a "Level I" security rating [1]. Group 2: Business Growth and Market Position - Tianyi Cloud's revenue has surpassed 100 billion yuan, maintaining a leading market share [2]. - The company has developed a comprehensive cloud product suite and is actively promoting the integration of cloud and AI technologies [2]. - China Telecom has introduced over 50 industry applications across various sectors, including government, industry, and education, and has empowered over 87 million users with smart terminal products [2]. Group 3: Strategic Initiatives - To accelerate the development of Tianyi Cloud, China Telecom is deepening reforms and establishing a cloud company and cloud computing research institute [2]. - The company is enhancing its R&D capabilities by attracting strategic scientists and investors, and optimizing its operational processes to improve customer service [2]. - China Telecom emphasizes an open and collaborative approach, increasing cooperation with partners and clients to build a more open national cloud ecosystem [2]. Group 4: AI and Data Integration - The company aims to create a comprehensive intelligent cloud capability system that integrates computing power, platforms, data, models, and applications [3]. - China Telecom is focused on upgrading its intelligent computing infrastructure and enhancing its data intelligence platform to support high-quality data sets [4]. - The company is committed to providing tailored solutions for diverse customer needs, including high-efficiency intelligent computing services and integrated solutions for domestic computing power and models [5]. Group 5: Security and Governance - China Telecom is developing a comprehensive dynamic protection system for large models to ensure the safety and reliability of artificial intelligence applications [5]. - The company is enhancing its data security measures and establishing a three-tier risk classification system to improve data safety [5]. - A focus on creating a secure development environment is emphasized, with capabilities for code scanning, auditing, and tracing to protect against vulnerabilities [5]. Group 6: Customer-Centric Operations - China Telecom aims to provide agile and specialized operational services, positioning itself as a trusted AI partner for clients [6]. - The company plans to collaborate with clients to optimize data quality and enhance the integration of data, computing power, and algorithms through AI applications [6].

Core Viewpoint - China Telecom aims to build a comprehensive intelligent cloud capability system consisting of "computing power, platform, data, model, and application" to drive innovation in the artificial intelligence industry [1][2]. Group 1: Intelligent Cloud Development - China Telecom has established major intelligent computing clusters in Shanghai and Beijing, and launched the world's first commercial intelligent computing super node in the Greater Bay Area [1]. - The company has developed the first full-size, full-modal, domestically produced trillion-parameter "Star" foundational model system and has taken the lead in open-sourcing among state-owned enterprises [1]. - The "Star Sea" data intelligence platform has formed a high-quality dataset of 10 trillion tokens and has launched over 50 industry applications in sectors such as government, industry, and education, benefiting over 87 million users [1]. Group 2: Financial Performance - In the fiscal year 2024, China Telecom's intelligent revenue reached 8.9 billion yuan, representing a year-on-year growth of 195.7% [1]. - The revenue from Tianyi Cloud in 2024 was 113.9 billion yuan, with a year-on-year increase of 17.1% [1]. Group 3: Future Investment Plans - For 2025, China Telecom plans capital expenditures of 83.6 billion yuan, with a preliminary allocation for computing power investment expected to grow by over 20% year-on-year, with flexibility for adjustments [2]. - The company will enhance its intelligent computing capabilities by integrating "central clusters + edge data centers" and promoting the deep collaboration of computing networks [2]. Group 4: Platform and Service Upgrades - In the IaaS layer, China Telecom will advance intelligent computing construction and strengthen cloud-intelligent integration capabilities [2]. - The company introduced the Triless platform architecture to upgrade computing power scheduling technology and provide a one-stop service for computing power dispatch and AI development [2]. - In the DaaS layer, the "Star Sea" data intelligence platform will be upgraded to integrate proprietary, open-source, and third-party datasets [2]. Group 5: Focus on SaaS Layer - In the SaaS layer, China Telecom will focus on the digital intelligence needs of production, life, and governance, accelerating the large-scale promotion of AI phones and AI cloud computers [3].

Core Insights - China Telecom's Tianyi Cloud revenue has surpassed 100 billion yuan, indicating strong growth and a commitment to embracing artificial intelligence for building an intelligent cloud capability system [1] Group 1: AI Infrastructure and Services - In the IaaS layer, China Telecom plans to advance intelligent computing construction with an integrated AIDC (Artificial Intelligence Data Center) model combining "central cluster + edge DC" [6] - For the PaaS layer, the company will continue to upgrade its intelligent computing platform, offering one-stop computing power scheduling and AI development services [6] - In the DaaS layer, China Telecom aims to enhance its "Xinghai" data intelligence platform, promoting deep integration of proprietary, open-source, and third-party data sets [6] - The MaaS layer will see improvements in the capabilities of the "Xingchen" large model, focusing on complex reasoning and lightweight, low-cost deployment [6] Group 2: AI Market Trends and Challenges - 2023 is highlighted as the year of large-scale AI application, driven by new open-source AI technologies like DeepSeek that lower the barriers for computing power and algorithms [6] - The market is increasingly focusing on data and applications, reflecting a shift in priorities within the AI landscape [6] Group 3: AI Security Governance - AI security governance is deemed essential due to the unprecedented opportunities and risks posed by new technologies, including cultural bias, sensitive information leaks, and risks of model misalignment [6][7] - China Telecom plans to establish a comprehensive protection system covering infrastructure, data, content, algorithms, and applications to enhance data security [7] - A three-tier security risk classification system will be implemented, covering over 10 billion tokens, to improve code scanning, auditing, and tracing capabilities [7]

Core Viewpoint - The "Intelligent Terminal Overseas Service Innovation Alliance" was officially launched at the 8th Digital China Construction Summit, aiming to support smart terminal companies in their overseas expansion through a comprehensive service ecosystem [1] Group 1 - The alliance is initiated by the Shanghai Data Bureau and several telecommunications companies including Shanghai Telecom, Shanghai Unicom, and Shanghai Mobile [1] - The goal is to create a "technology + service + rules" platform to facilitate the overseas operations of smart terminal enterprises [1] - The initiative aims to build a resilient and closed-loop "overseas ecosystem" for the industry [1]