Zheng Quan Shi Bao Wang·2025-09-07 09:55Group 1 - The core viewpoint of the news is that China Telecom will be included in the Hang Seng Index starting September 8, 2025, which is expected to enhance its reputation, investor confidence, and stock liquidity [1] - The inclusion is projected to bring approximately $160 million in passive fund inflows to China Telecom, with the adjustment occurring over a period of 4-5 days [1] - The Hang Seng Index is a significant market index in Hong Kong, reflecting the performance of major listed companies, with a total market capitalization exceeding HKD 40 trillion [1] Group 2 - China Telecom is upgrading its strategy from "cloud transformation" to "intelligent cloud transformation," focusing on AI integration and developing a comprehensive intelligent cloud system [2] - In the first half of 2025, China Telecom's service revenue grew by 1.2% year-on-year, while net profit increased by 5.5%, with significant growth in key products such as Tianyi Cloud, which generated revenue of CNY 57.3 billion [2] - Major investment institutions have maintained "buy" or "outperform" ratings for China Telecom, with several firms raising the target price for its H-shares [2] Group 3 - China Telecom is enhancing its market value management and has maintained a high dividend payout ratio of 72% for the first half of 2025, with cumulative dividends of approximately CNY 95.2 billion since 2021 [3] - The company has received numerous accolades for its corporate governance and social responsibility, establishing a strong foundation for its inclusion in the Hang Seng Index [3] - Following its inclusion in the Hang Seng Index, China Telecom is expected to attract more market attention and continue to modernize its governance while executing its strategic upgrades [3]