Xin Lang Cai Jing·2026-02-02 01:44Group 1 - The Hong Kong telecommunications service market experienced a collective decline, with China Unicom falling over 10%, China Telecom dropping over 8%, and China Mobile decreasing over 4% [1][5]. - The total market capitalization of the telecommunications sector is approximately 3.96 trillion [2]. - The trading volume for the sector was 1.46 billion, with a total transaction amount of 22.83 billion [2]. Group 2 - A recent announcement from the Ministry of Finance and the State Taxation Administration stated that starting January 1, 2026, the tax category for services such as mobile data, SMS, and internet broadband will change from value-added telecommunications services to basic telecommunications services, with the VAT rate increasing from 6% to 9% [7].