Core Viewpoint - The three major telecom operators in China are actively entering the satellite internet sector, supported by recent government guidelines aimed at optimizing the satellite communication industry by 2030 [1][2]. Group 1: Government Guidelines - The Ministry of Industry and Information Technology issued guidelines to enhance the satellite communication management system and promote the integration of satellite communication into the new development framework, aiming for over 10 million satellite communication users by 2030 [1]. - The guidelines encourage telecom operators to collaborate with satellite companies to explore the potential of high-orbit satellites like Tiantong and Beidou, promoting direct satellite connections for mobile devices [1]. Group 2: Major Telecom Operators' Initiatives - China Mobile has launched two low-orbit experimental satellites in 2023, including the world's first satellite capable of verifying 5G integrated technology [2]. - China Telecom plans to offer direct satellite connection services for mobile phones and cars, having overcome key technical challenges in satellite communication [2][3]. - China Unicom has successfully launched four low-orbit satellites and aims to integrate satellite communication with the Internet of Vehicles through strategic partnerships [3]. Group 3: Challenges in Satellite Internet Development - The development of satellite internet faces challenges such as differences in satellite-ground network architecture, high network construction costs, and performance gaps compared to terrestrial networks [4]. - China Mobile is working on a technology system to reduce the number of satellites needed for integrated networks and lower costs by 10% per satellite [5]. Group 4: Strategic Importance of Satellite Internet - The shift towards satellite internet is seen as a strategic necessity for telecom operators, marking a fundamental change from previous focuses on terrestrial mobile communication [6]. - The collaboration between telecom operators and satellite companies is expected to accelerate the commercialization of low-orbit satellite constellations, leveraging the operators' extensive user base and established sales channels [6].

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) of China has issued guidelines to optimize business access and promote the development of the satellite communication industry, aiming for significant advancements by 2030, including the integration of satellite communication into the new development pattern and the growth of satellite communication users to over 10 million [1] Group 1: Industry Development - By 2030, the satellite communication management system and policies will be further improved, with a continuous optimization of the industry development environment [1] - The guidelines encourage telecom operators to explore the potential of high-orbit satellite applications and promote the direct connection of mobile devices to satellites [1] - The integration of satellite communication with terrestrial mobile communication is emphasized to enhance service quality and user experience [1] Group 2: Major Telecom Operators - Major telecom operators, including China Mobile, China Telecom, and China Unicom, have all deployed satellite internet services [2] - China Mobile plans to open its mobile direct satellite connection service to the public once it obtains the necessary operational qualifications [2] - China Telecom has launched mobile direct satellite services and plans to introduce "automobile direct satellite" services in 2024 [2][3] - China Unicom has successfully launched four low-orbit satellites and is working on integrating satellite communication with vehicle networking [3] Group 3: Challenges and Solutions - The development of mobile direct satellite broadband services faces three main challenges: coordination difficulties between satellite and terrestrial network architectures, high network construction costs, and performance gaps between satellite and terrestrial networks [4] - To address these challenges, China Mobile is developing a flexible and efficient satellite-terrestrial collaborative network and has proposed an innovative technology system to reduce the number of satellites needed for network construction [5] - A digital twin system is being created to simulate satellite operations, aiming to significantly improve system performance during various stages of satellite networking [5] Group 4: Strategic Importance - The shift towards satellite internet is seen as a strategic necessity for telecom operators as they transition from focusing solely on terrestrial mobile communication to integrating satellite services [6] - The collaboration between telecom operators and satellite companies is expected to accelerate the commercialization of low-orbit satellite constellations, leveraging the operators' extensive user base and established sales channels [6]

Core Insights - The telecommunications industry has shown stable overall performance in the first seven months, with continuous growth in telecom business volume and ongoing advancements in new infrastructure construction, including 5G, gigabit, and IoT user scale [1] Summary by Categories Telecom Business Performance - Telecom business revenue reached 1,043.1 billion yuan, reflecting a year-on-year growth of 0.7%. When adjusted for last year's constant prices, the total telecom business volume increased by 8.9% year-on-year [1] User Growth - As of the end of July, the total number of fixed internet broadband access users among the three major telecom companies reached 686 million, with a net increase of 15.79 million users compared to the end of the previous year [1] Infrastructure Development - The total number of 5G base stations reached 4.598 million, with a net increase of 348,000 since the end of the previous year. This accounts for 36% of the total mobile base stations, representing an increase of 0.3 percentage points compared to the first half of the year [1]

Group 1 - The Ministry of Industry and Information Technology (MIIT) is set to issue "satellite internet" licenses, which has generated significant interest and inquiries among the public [2] - A business license is a legal permit issued by the government or regulatory bodies that allows organizations or individuals to conduct specific commercial activities, ensuring market access and compliance with regulations [3] - The MIIT's role includes issuing licenses for telecommunications and internet services, ensuring that companies have the necessary technical capabilities and compliance qualifications to operate legally [3] Group 2 - The upcoming satellite internet licenses are expected to fill gaps in existing licenses for China Unicom and China Mobile, allowing them to legally conduct satellite-based mobile services [6] - Companies like Xingwang and Yuanshin are likely to obtain A13-1/2 operational licenses, which would significantly benefit their business development, especially for Yuanshin's focus on satellite internet services along the Belt and Road countries [6] - The rapid deployment of China's satellite constellation, particularly by Xingwang, is anticipated to enhance the country's satellite internet capabilities, with the issuance of operational licenses expected to accelerate the development of this sector [7][8]

8月25日，浙江绍兴的陈先生向澎湃公众互动平台"服务湃"反映称，他多年前在办理了一张上海联通手 机卡，该手机卡有3张"副卡"，共享"主卡"的流量和话费。近期他发现，"主卡"每个月莫名有一项套餐 外的217.9元扣费，这五年内一共扣了一万多元。 8月26日下午，中国联通上海营业厅投诉处理部门的工 作人员回应澎湃称，五年前，陈先生更换套餐时，把尾号"1111"的手机号单独变更成了159元的套餐， 其余三个号码（副卡）保留了共享套餐，共享套餐的价格为每月217.9元。中国联通可按每月60元标 准，退还过去一年的费用，共计720元。陈先生表示，他不认可只退费720元的解决方案。自2020年至 今，该账号一共被扣了一万多元，他希望联通能退还全部费用。（澎湃） ...

Core Viewpoint - The successful communication support provided by Heze Unicom during the National Rural E-commerce High-Quality Development Symposium highlights the importance of stable network infrastructure for large-scale events and the company's commitment to enhancing digital empowerment in rural revitalization [1][6]. Group 1: Communication Support Preparation - Heze Unicom established a communication support working group led by a company executive to ensure seamless network connectivity during the event [3]. - The working group communicated with government departments to gather essential information regarding the event's schedule, participant numbers, and live streaming requirements, which informed their communication strategy [3]. - Two main venues were identified for the event, and the working group conducted on-site assessments to evaluate network coverage and capacity needs [3]. Group 2: Strengthening Communication Assurance - The team tested fiber broadband networks and inspected surrounding base stations, adjusting antenna angles and transmission power to optimize signal coverage and quality [5]. - Maintenance personnel conducted thorough checks on critical equipment such as optical cables and optical distribution frames to ensure operational reliability [5]. - Emergency power supply vehicles were on standby to provide backup power to base stations in case of outages, further ensuring communication stability [5]. Group 3: Ensuring Network Stability - The event faced significant challenges with approximately 500 attendees using mobile networks, including 150 live streaming simultaneously, creating high network demand [6]. - Heze Unicom's communication support team effectively managed network resources and conducted signal interference checks to maintain stable operations [6]. - The successful execution of live streaming without delays or interruptions demonstrated the company's dedication to customer service and its role in supporting rural economic development through digital means [6].

Core Insights - The 2025 China Computing Power Conference showcased significant breakthroughs in computing power, including the "Jiuzhou" computing power optical network developed by China Mobile, achieving 10 EFLOPS, capable of performing 100 trillion calculations in one second [1] - The conference highlighted ten major advancements in China's computing industry, focusing on both core underlying technologies and ecological solutions that enhance efficiency and sustainability [1][2] - These advancements are expected to drive GDP growth by over 12.6 billion yuan, indicating a strong economic impact from the computing power sector [1] Group 1: Major Breakthroughs - China Mobile's "Jiuzhou" optical network is the world's largest 400G all-optical inter-provincial backbone network [1] - Shanxi Qineng's integrated platform for computing and electricity saves 10 million yuan in electricity costs annually and reduces carbon emissions by 100,000 tons [1] - Super Fusion's FusionOne AI solution enables rapid deployment of AI applications, with over 500 projects already implemented [1] Group 2: Collaborative Technologies - China Telecom's "Wide-area Intelligent Computing Lossless Networking Technology" allows efficient collaboration between distant data centers [2] - China Unicom's "Distributed Training and Inference Key Technology" ensures efficient and secure AI training while protecting data privacy [2] - Lenovo's "Comprehensive Large Model Training and Inference Solution" enhances model inference performance by ten times and enables rapid fault recovery [2] Group 3: Ecosystem Development - Alibaba Cloud's heterogeneous GPU cloud platform facilitates collaboration among different brands of domestic GPUs, supporting over 100 major projects [2] - ZTE's intelligent computing supernode system enables large-scale high-speed interconnection of domestic GPU cards, supporting training of models with over one trillion parameters [2] - Shanghai AI Laboratory's DeepLink solution allows large-scale mixed training across provinces, optimizing national computing resources [2][3]

8月25日，浙江绍兴的陈先生向澎湃公众互动平台"服务湃"（https://tousu.thepaper.cn）反映称，他多年 前在办理了一张上海联通手机卡，该手机卡有3张"副卡"，共享"主卡"的流量和话费。近期他发现，"主 卡"每个月莫名有一项套餐外的217.9元扣费，这五年内一共扣了一万多元。 8月26日下午，中国联通上海营业厅投诉处理部门的工作人员回应智通财经称，五年前，陈先生更换套 餐时，把尾号"1111"的手机号单独变更成了159元的套餐，其余三个号码（副卡）保留了共享套餐，共 享套餐的价格为每月217.9 元。中国联通可按每月60元标准，退还过去一年的费用，共计720元。 LUMA 让 赤 来 生 长 生效时间:2020.08.01 去领取 · 首月免月租+会员12选1 套餐资源 套餐说明 2 移网 套内资源 国内语音 700分钟 国内通用流量 40GB 套外计费规则 0.15元/分钟 国内语音 国内流量 3元/GB 国内短信 0.1元/条 国内彩信 0.1元/条 我的合约 217.9 元的扣费。本文图片由受访者提供 8月25日，陈先生告诉智通财经，2011年4月，他在办联通卡时，办理了每月398元 ...

Market Overview - The Hong Kong stock market failed to maintain its strong performance from the previous day, with all three major indices experiencing a collective adjustment. The Hang Seng Index fell by 1.18% or 304.99 points, closing at 25,524.92 points, with a total trading volume of HKD 31.78 billion. The Hang Seng China Enterprises Index decreased by 1.07% to 9,148.66 points, while the Hang Seng Tech Index dropped by 0.74% to 5,782.24 points [1] Blue-Chip Stocks Performance - CSPC Pharmaceutical Group (01093) led the decline among blue-chip stocks, falling by 4.33% to HKD 10.38, with a trading volume of HKD 1.797 billion, contributing a loss of 6.04 points to the Hang Seng Index. Bank of America Securities reported a 14.3% year-on-year decline in total revenue for CSPC in Q2, with attributable net profit down 24% to RMB 1.1 billion. The firm revised its revenue forecasts for 2025 to 2027 down by 25%, 2%, and 11% respectively [2] Sector Highlights - Large technology stocks mostly declined, with Alibaba down 2.57% and Tencent down 0.81%. Gold stocks surged, with China Gold International rising over 10%. Apple is expected to initiate a three-year innovation cycle, boosting related stocks like Lens Technology, which rose over 5%. Gaming stocks and some new consumption concepts performed well, with Melco International Development up over 9% [3][5] Federal Reserve Insights - Federal Reserve Chairman Jerome Powell indicated rising downside risks in the U.S. labor market, suggesting a potential policy adjustment could be appropriate. This statement is seen as a strong signal for a possible interest rate cut as early as September. The market reacted positively, particularly for precious metals, with expectations for further increases in gold prices [4] Gaming Sector Performance - The gaming sector continued its upward trend, with Melco International Development rising 9.27% to HKD 5.54. According to JPMorgan, Macau's gaming revenue for the first 24 days of August reached MOP 17.65 billion, with a daily average of MOP 735 million, reflecting a 9% increase from the previous week [6] Pharmaceutical Sector Challenges - The pharmaceutical sector faced pressure, with several stocks declining. Notably, CStone Pharmaceuticals (09966) fell 6.74% to HKD 10.24. U.S. President Trump's announcement to drastically reduce drug prices could create significant challenges for the global pharmaceutical industry, presenting both opportunities and risks for Chinese biotech stocks [6] Notable Stock Movements - Double Ended Co. (06960) debuted with a 31.29% increase, closing at HKD 19.05. The company focuses on energy storage solutions in the data and communication sectors, with a projected market share of 11.1% by 2024 [7] - Kingsoft Holdings (03918) reached a new high, rising 17.94% to HKD 5.72, reporting a 16.76% year-on-year revenue increase to USD 342 million [8] - Angelalign Technology (06699) saw a 10.28% increase to HKD 75.1, with a 33.1% year-on-year revenue growth reported [9] - Meitu Inc. (01357) rose 7.9% to HKD 11.47 after being included in the MSCI China Index, with Morgan Stanley expressing confidence in its long-term growth potential [10] - Xintai Medical (02291) experienced a significant drop of 12.75% to HKD 23.96 following a major shareholder's sale of shares [11]

近日，吉林联通协同长春公安汽开分局上演反诈 "闪电战"，依托 VOIP 监测技术锁定线索，仅用 24 小时便成功抓获 利用居民固定电话实施诈骗的嫌疑人王某，一举斩断为境外电诈团伙提供通信支持的犯罪链条。 8 月 21 日，吉林联通监测出 VOIP 异常线索：汽开区多地居民座机被非法安装"小黑盒"，沦为诈骗 "工具"。公司迅速 启动反诈应急机制，凭借通信数据深度分析能力，为警方精准还原嫌疑人作案手法与活动轨迹，汽开公安分局通过实 地走访、人像比对，快速锁定嫌疑人王某身份及落脚点。 为防止嫌疑人拆设备逃跑，吉林联通与警方量身制定抓捕方案 —通过精准控制涉案座机停机时间 "引蛇出洞"。8 月 22 日，王某果然现身欲拆除设备，被埋伏民警当场抓获。 经审，王某交代其自 8 月初起，冒充运营商工作人员，在汽开区、绿园区上门安装 8处VOIP设备，通过诈骗软件接收 上线指令，为境外电诈团伙伪装本地号码拨打诈骗电话提供支持。 此次破案是吉林联通 "技术预警 + 警企联动" 反诈模式的又一成果。目前，吉林联通已构建 "实时监测 - 快速响应 - 专 业处置" 反诈体系，未来将持续强化技术防控，深化警企协作。同时提醒市民：遇上 ...