Group 1: Market Performance - The communication ETF had a turnover rate of 4.55% during trading, with a transaction volume of 12.1969 million yuan. The average daily transaction volume over the past month reached 35.6798 million yuan as of October 15 [3] - Over the past three months, the communication ETF's scale increased by 155 million yuan, ranking first among comparable funds [3] - As of October 15, the communication ETF's net value rose by 79.80% over the past two years, placing it in the top 3.91% among 2,351 index equity funds [3] Group 2: Industry Developments - The Ministry of Industry and Information Technology reported significant progress in new infrastructure construction, with 4.598 million 5G base stations built, an increase of 395,000 from the end of the previous year. The number of gigabit broadband access ports exceeded 30.532 million, and the intelligent computing power scale reached 788 EFLOPS [3] - There are over 20,000 projects integrating 5G and industrial internet applications, positioning China's computing infrastructure as the second largest globally [3] Group 3: Future Outlook - Industry analysts predict that the communication sector will experience a dual opportunity period due to technological upgrades and policy support by 2025. Emerging fields such as artificial intelligence, quantum communication, and low-altitude economy will create new growth spaces [4] - The demand for AI is expected to dominate the Ethernet optical module market, with anticipated demand growth exceeding expectations from 2026 to 2030 [4] - Despite increasing international tariff disputes, suppliers in the computing power industry have mitigated impacts through capacity reserves and raw material switches, indicating limited fundamental disruption from policy shocks [4] Group 4: Key Stocks - The top ten weighted stocks in the communication index as of September 30, 2025, include Zhongji Xuchuang, Xinyi Sheng, ZTE Corporation, China Telecom, China Mobile, China Unicom, Tianfu Communication, Zhongtian Technology, Transsion Holdings, and Hengtong Optic-Electric, collectively accounting for 66.02% of the index [4]

恒指跌0.43%，恒生科技指数跌1.36%。中兴通讯涨7.14%，老铺黄金涨6.28%，康方生物涨5.57%，中煤 能源涨5.42%，泡泡玛特涨5.05%；东岳集团跌5.98%，巨子生物跌12.31%；药捷安康-B涨42.12%，佰泽 医疗涨19.43%。 ...

Group 1: Market Overview - The Hang Seng Index fell by 0.43%, down 111 points, closing at 25,799 points, while the Hang Seng Tech Index dropped by 1.36% [1] - The Hong Kong stock market saw a trading volume of HKD 156.2 billion in the morning session [1] Group 2: Biotechnology and Pharmaceuticals - HEC Pharm (02617) experienced a short-term surge, rising by 42% with a trading volume exceeding HKD 1.1 billion [1] - Rongchang Bio (09995) rose over 5% following the publication of its Phase III clinical trial results for Taitasip in treating systemic lupus erythematosus in NEJM [2] - Baixin An-B (02185) increased by over 10%, with institutions indicating that its commercialization is set to accelerate [5] Group 3: Telecommunications and Technology - ZTE Corporation (00763) saw a peak increase of 7%, with its stock price up over 80% year-to-date, as the company strengthens its research and development in intelligent computing products [3] Group 4: Aviation Sector - Major airlines in Hong Kong reported strong operational data for September, indicating a potential sustained recovery in the industry, with China Eastern Airlines (00670) up 4.9% and China Southern Airlines (01055) up 2% [3] Group 5: Consumer Sector - New consumption concept stocks in Hong Kong collectively rose, with Lao Pu Gold (06181) up 6%, Wei Long (09985) up 3%, Pop Mart (09992) up over 5%, and Guoquan (02517) up over 3% [3] Group 6: Education Sector - Education stocks in Hong Kong surged, with Think Tank Education (01769) leading with an increase of over 18%, and New Oriental-S (09901) rising over 6% [4] Group 7: Energy Sector - COSCO Shipping Energy (01138) rose over 4% due to strong demand in the crude oil tanker market in September, with VLCC freight rates expected to strengthen [6] Group 8: Market Volatility - Bit Strategy (06113) fell over 9% after being named by the Hong Kong Securities and Futures Commission for having highly concentrated shareholding [7] - Xiaomi Group-W (01810) declined by 3%, with institutions noting that its stock price volatility is influenced by multiple news events and market rumors [8]

Group 1 - Main capital inflow observed in the electronic, power equipment, and communication sectors, while significant outflows were noted in the computer, basic chemicals, and machinery equipment sectors [1] - Notable individual stock inflows included ZTE Corporation with a net inflow of 2.079 billion, Sungrow Power Supply with 1.836 billion, and Shannon Microelectronics with 1.588 billion [1] - Major outflows were recorded for Northern Rare Earth with 0.591 billion, New Laiying Materials with 0.416 billion, and Shenghe Resources with 0.361 billion [1]

每经AI快讯，中兴通讯(00763.HK)一度涨超10%。截至发稿，涨9.20%，报44.34港元，成交额16.21亿港 元。 ...

Group 1 - Alibaba Cloud has launched its second data center in Dubai to meet the growing demand for cloud and AI services in the Middle East, expanding its global presence to 29 regions and 92 availability zones [2] - Shanghai Chip-on-Wafer Technology Co., Ltd. (Chip-on-Wafer) showcased its advanced semiconductor equipment at the 2025 Bay Area Semiconductor Industry Expo, focusing on market-ready solutions derived from Shanghai Microelectronics Group [2] - Yuke Technology has signed a strategic agreement with the Global Industrial AI Alliance Excellence Center to enhance international brand influence and accelerate overseas market expansion in cloud computing and Sovereign AI [2] - Bharti Airtel has partnered with Google to establish India's first large-scale AI hub in Visakhapatnam, with Google planning to invest approximately $15 billion between 2026 and 2030 to develop a gigawatt-level data center operation system [2] - ZTE Corporation has completed key technology testing for RAN AI under the IMT-2020 (5G) promotion group, validating the integration of AI with RAN to enhance user experience and efficiency [3]

Group 1 - ZTE Corporation's stock price increased by over 10% at one point, with an annual increase of over 80% [1] - As of the report, ZTE's stock was up 8.27%, trading at 44 HKD with a transaction volume of 1.553 billion HKD [1] - ZTE is focusing on 6G technology development, with multiple 6G research projects approved by global standard organizations [1] Group 2 - ZTE is investing in key technology areas such as AI, space technology, and integrated air-ground-space systems [1] - The company has maintained a leading position in testing quality within the IMT2030 (6G) promotion group for three consecutive years [1] - ZTE aims to launch advanced 6G products and solutions that comply with international standards immediately after the first 3GPP standard version is frozen [1] Group 3 - Haitong International noted that ZTE is enhancing its research and development of intelligent computing products [2] - The company has developed core chips such as the "Dinghai" DPU, "Lingyun" switching chip, and "Zhu Feng" CPU, showcasing strong chip capabilities [2] - ZTE's intelligent computing supernode system won the Annual Major Breakthrough Achievement Award at the 2025 China Computing Power Conference [2]

Group 1 - ZTE Corporation's stock price has increased by over 80% this year, with a current rise of 8.27% to HKD 44, and a trading volume of HKD 1.553 billion [1] - ZTE announced that 2025 will be the year of 6G standardization, with major global standard organizations like 3GPP, ITU, and CCSA officially launching multiple 6G research projects covering various fields [1] - The company continues to invest in key 6G technologies, focusing on standards, chips, algorithms, and architectures, while promoting innovations in AI and space technology [1] Group 2 - Haitong International highlighted the company's strengthened research and development in intelligent computing products, including self-developed chips and AI servers [2] - The company has showcased its core chip capabilities with self-developed "Dinghai" DPU chip, "Lingyun" switching chip, and "Zhu Feng" CPU chip, winning an award at the 2025 China Computing Power Conference [2] - The company is expected to enhance its long-term competitive strength in the AI field due to its industry-leading chip design capabilities [2]

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market saw a significant rebound on Wednesday, with the Hang Seng Index rising 1.84% to 25,910.6 points, ending a seven-day decline [1] - The technology sector showed strong performance, with notable gains from JD Health and Huahong Semiconductor, both rising over 5% [1][3] US Market Insights - Bank of America reported strong earnings, boosting investor sentiment, leading to a 0.4% increase in the S&P 500 and a 0.7% rise in the Nasdaq Composite [2] - Ongoing US-China trade negotiations and government shutdown risks kept the market cautious, with the Dow Jones Industrial Average closing down 17 points at 46,253 points [2] - The VIX index, a measure of market volatility, rose to 20.6 points, nearing its highest level since late May [2] Investment Opportunities - The report emphasizes the potential for Hong Kong stocks to rebound due to low valuations and increasing trading activity [3] - Key sectors to watch include artificial intelligence, semiconductors, and industrial software, which are expected to drive long-term growth [3] - Central state-owned enterprises with low valuations and high dividends are highlighted as attractive investment options [3] - The upstream non-ferrous metals sector is expected to benefit from anticipated interest rate cuts by the Federal Reserve [3] Company Highlights - China Unicom (0762HK) is noted for its strong performance in digital technology, with a projected revenue of 45.4 billion yuan for its smart network business, reflecting a 4.3% year-on-year growth [10] - The company has a consistent dividend yield of over 6% and is positioned well within the digital economy landscape [10] - ZTE Corporation (00763HK) is expanding its focus on intelligent computing and 5G technology, maintaining a strong market position in both connectivity and computing solutions [9]

Core Insights - The IPv6 sector experienced an increase of 1.31% on October 16, with notable gains from specific companies [1] Company Performance - ZTE Corporation saw a significant rise of 5.34% [1] - FiberHome Technologies also reported a modest increase of 0.34% [1]