通信行业周报：支持东部地区5G-A先行先试，公募Q3减配通信

Investment Rating - The report gives a "Recommended" rating for the telecommunications and electronics industry due to the sustained high prosperity of the sector, driven by AI, 5.5G, and satellite communications [3][4]. Core Insights - The overall market performance for the week (October 21-25, 2024) saw the Shanghai Composite Index rise by 1.17%, the Shenzhen Component Index by 2.53%, and the ChiNext Index by 2.00%. The telecommunications sector, represented by the Shenwan Communications Index, increased by 3.03% [3][9]. - Among the sub-sectors, communication cables and accessories had the highest increase at 8.00%, while communication network equipment and devices had the lowest at 3.68% [3][10]. - Notable individual stock performances included Taicheng Light (70.89%), Hainengda (61.17%), and Datang Telecom (38.79%) leading the gains [3][12]. - In Q3, public equity funds reduced their holdings in the telecommunications sector, with significant increases in holdings for optical modules, optical fiber cables, and IDC [3][16]. Summary by Sections Weekly Market Performance - The telecommunications industry index rose by 3.03% during the week [9]. - The highest increase among sub-sectors was in communication cables and accessories at 8.00% [10]. - Individual stock performance showed Taicheng Light leading with a 70.89% increase [12]. Q3 Public Fund Holdings Review - The telecommunications sector saw a quarter-on-quarter reduction in holdings by active equity funds [16]. - Major increases in holdings were noted in optical modules, optical fiber cables, and IDC [16]. Industry News (October 21-25, 2024) - The Ministry of Industry and Information Technology announced support for the eastern region to explore 5G-A construction and applications [3][21]. - A report indicated that the edge server market in China is expected to reach $10.8 billion by 2028, with a significant increase in demand for customized edge servers [3][21].