China Galaxy Securities Co., Ltd.(601881),Stock Price, Discussion, News, Quote & History - To The Moon - Tiger Brokers Online Investing Community

601881 China Galaxy Securities Co., Ltd.

Closed 04-24 15:00:00

12.42

-0.15

-1.19%

High12.57	Low12.38	Vol26.83M
Open12.55	D1 Closing12.57	Amplitude1.51%
Mkt Cap135.80B	Tradable Cap89.96B	Total Shares10.93B
T/O334.00M	T/O Rate0.37%	Tradable Shares7.24B
P/B1.15	ROE--	EPS0.00
52wk High--	52wk Low--	P/E--
Dividend--	Div.Yield--	ROA--

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The issuance size was 4 billion yuan, with each unit having a face value and issue price of 100...","market":"sg","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0276","06881","BK1564","BK0188","BK1147","601881"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2628745215","title":"China Galaxy Securities issues RMB 4 billion short-term commercial paper","url":"https://stock-news.laohu8.com/highlight/detail?id=2628745215","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2628745215?lang=en_us&edition=fundamental","pubTime":"2026-04-20 17:19","pubTimestamp":1776676768,"startTime":"0","endTime":"0","summary":"China Galaxy Securities completed issuance of 2026 fifth tranche of short-term commercial paper worth RMB 4 billion on April 20, 2026.Commercial paper carries 184-day tenor with final coupon rate set at 1.5%.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Galaxy Securities Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange  , on April 20, 2026, and is solely responsible for the information contained therein.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260420:nNDL9lvqXf:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0188","BK0276","601881"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1150849148","title":"China Galaxy Securities: CXO Boosts Oligonucleotide Acceleration with Domestic Pipelines Gaining Momentum","url":"https://stock-news.laohu8.com/highlight/detail?id=1150849148","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1150849148?lang=en_us&edition=fundamental","pubTime":"2026-04-20 13:56","pubTimestamp":1776664595,"startTime":"0","endTime":"0","summary":"China Galaxy Securities has released a research report stating that the domestic oligonucleotide industry chain is in its early stages, offering significant potential for import substitution, with...","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0276","161027","CXO","BK1147","BK0188","601881","BK1564","06881"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1193336731","title":"China Galaxy Securities: Pig Farming Enters Phase of Refined Management Competition, Highlights \"Major Producers\" Like Muyuan Foods","url":"https://stock-news.laohu8.com/highlight/detail?id=1193336731","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1193336731?lang=en_us&edition=fundamental","pubTime":"2026-04-20 10:24","pubTimestamp":1776651896,"startTime":"0","endTime":"0","summary":"China Galaxy Securities released a research report stating that pressure on the breeding sow inventory in 2026 has eased slightly, but farming efficiency metrics, such as pigs weaned per sow per year...","market":"fut","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["02714","BK0028","601881","LU1655091616.SGD","BK1564","BK1237","BK0056","BK0070","BK1147","161027","BK0187","BK0197","002714","BK0196","BK0276","BK0240","06881","BK0188","BK0195"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2628507229","title":"Sovereign funds launch $1 billion China-ASEAN investment platform","url":"https://stock-news.laohu8.com/highlight/detail?id=2628507229","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2628507229?lang=en_us&edition=fundamental","pubTime":"2026-04-17 10:47","pubTimestamp":1776394036,"startTime":"0","endTime":"0","summary":"Sovereign funds launch $1 billion China-ASEAN investment platformSINGAPORE, April 17  - China Investment Corp, Indonesia Investment Authority, and the State Oil Fund of Azerbaijan said on Friday that they have partnered to launch a sovereign-backed private-equity platform in an effort to raise $1 billion for investments across the China-ASEAN corridor.Here are some details:The initiative, named the Galaxy Orientis China-ASEAN Investment Platform, has already secured roughly $520 million in its first close.The three sovereign wealth funds said the platform is designed to deploy long-term capital into sectors expected to benefit from expanding trade ties and shifting supply-chain between China and Southeast Asia. Key focus areas include industrials, healthcare, consumer, business services and technology.CGS International Securities, the overseas arm of China Galaxy Securities, will serve as the general partner, contributing regional expertise and networks across Southeast Asia.  ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260417:nL4N41005L:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["601881","BK0276","BK0188"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2627229847","title":"China Galaxy Securities publishes 2025 annual report","url":"https://stock-news.laohu8.com/highlight/detail?id=2627229847","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2627229847?lang=en_us&edition=fundamental","pubTime":"2026-04-16 16:39","pubTimestamp":1776328750,"startTime":"0","endTime":"0","summary":"China Galaxy Securities annual report for 2025 flagged a broad earnings recovery, supported by stronger A-share market activity.Wealth management pushed further into digital client servicing, including AI-enabled tools, as total client accounts topped 19,300,000.Credit business expanded with higher financing activity, lifting margin trading and securities lending balance to RMB 136.2 billion.Investment banking benefited from a rebound in capital markets, with bond underwriting reaching RMB 682.6 billion.Institutional franchise grew, with prime brokerage clients rising to 8,040 as custody and fund services scale climbed to RMB 295.1 billion.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Galaxy Securities Co. Ltd. published the or","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260416:nNDL2Ms4X6:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0188","BK0276","601881"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1170897242","title":"China Galaxy Securities: Upswing Expected in Chain Hotel Cycle, Investment Opportunities in Rising Industry Momentum","url":"https://stock-news.laohu8.com/highlight/detail?id=1170897242","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1170897242?lang=en_us&edition=fundamental","pubTime":"2026-04-16 11:06","pubTimestamp":1776308766,"startTime":"0","endTime":"0","summary":"China Galaxy Securities has released a research report stating that, influenced by continuous supply growth and macroeconomic cyclical fluctuations, the hotel industry experiences periodic mismatches...","market":"sh","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["06881","BK1564","BK0188","BK1147","BK0276","601881","161027"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2627281080","title":"Azerbaijan's SOFAZ, partners raise $520 million for China-ASEAN platform","url":"https://stock-news.laohu8.com/highlight/detail?id=2627281080","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2627281080?lang=en_us&edition=fundamental","pubTime":"2026-04-15 20:14","pubTimestamp":1776255242,"startTime":"0","endTime":"0","summary":"Azerbaijan's SOFAZ, partners raise $520 million for China-ASEAN platformApril 15  - The State Oil Fund of Azerbaijan , China Investment Corporation and Indonesia Investment Authority have raised about $520 million for the Galaxy Orientis China–ASEAN Investment Platform , the fund said.Here are some details about the deal:The platform, designed as a sovereign-backed private equity vehicle targeting long-term opportunities in China and Southeast Asia, has a target size of $1 billion.The three funds will jointly manage the platform, which aims to boost capital flows and strengthen industrial cooperation amid deepening trade ties between China and ASEAN countries and a reconfiguration of regional supply chains.Investments are expected to focus on sectors including industrials, technology, healthcare, consumer markets and business services.China Galaxy Securities' international arm, CGS International Securities, is providing operational support and regional expertise for the project.  ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260415:nL8N40Y0NV:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0276","601881","BK0188"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1101928849","title":"China Galaxy Securities: AI Dataset Initiatives to Accelerate Steel Industry's Digital Transformation","url":"https://stock-news.laohu8.com/highlight/detail?id=1101928849","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1101928849?lang=en_us&edition=fundamental","pubTime":"2026-04-14 10:54","pubTimestamp":1776135274,"startTime":"0","endTime":"0","summary":"China Galaxy Securities released a research report stating that the Ministry of Industry and Information Technology has published the \"Pilot Consortium List for High-Quality Industry Dataset...","market":"sg","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["601881","AIPO","161027","BK0188","BK0276","BK1564","BK1147","CHAT","ARTY","06881","AGIX"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1104716958","title":"China's Fusion Industry Thrives as Global Commercialization Accelerates","url":"https://stock-news.laohu8.com/highlight/detail?id=1104716958","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1104716958?lang=en_us&edition=fundamental","pubTime":"2026-04-14 09:24","pubTimestamp":1776129886,"startTime":"0","endTime":"0","summary":"China Galaxy Securities has released a research report indicating that China's nuclear fusion industry is experiencing vigorous growth, marked by significant progress in key project tenders and...","market":"sh","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0188","601881","161027","BK0276","06881","BK1147","BK1564"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1108848941","title":"China Galaxy Securities Announces Zhang Ruibing's Additional Role as Compliance Chief","url":"https://stock-news.laohu8.com/highlight/detail?id=1108848941","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1108848941?lang=en_us&edition=fundamental","pubTime":"2026-04-13 17:14","pubTimestamp":1776071655,"startTime":"0","endTime":"0","summary":"China Galaxy Securities Co., Ltd. (06881) has announced that Zhang Ruibing, the company's Business Director and a member of the Executive Committee, will assume the additional role of Compliance Director effective April 13, 2026.","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["06881","BK1564","BK0276","601881","BK1147","BK0188"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2627357974","title":"China Galaxy Securities names Zhang Ruibing compliance director","url":"https://stock-news.laohu8.com/highlight/detail?id=2627357974","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2627357974?lang=en_us&edition=fundamental","pubTime":"2026-04-13 17:09","pubTimestamp":1776071372,"startTime":"0","endTime":"0","summary":"China Galaxy Securities named Zhang Ruibing as compliance director, effective April 13, 2026.Zhang currently serves as business director, Executive Committee member, and general manager of Strategic Development.Before joining Galaxy in December 2023, Zhang held senior roles at China Jianyin Investment, including general manager of its Strategic Development Department.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Galaxy Securities Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange  , on April 13, 2026, and is solely responsible for the information contained therein.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260413:nNDL65mdwh:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0276","BK0188","601881"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1118089657","title":"China Galaxy Securities: Bank Dividend Ratios Show Steady Increase, Bullish on Income Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1118089657","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1118089657?lang=en_us&edition=fundamental","pubTime":"2026-04-13 11:12","pubTimestamp":1776049962,"startTime":"0","endTime":"0","summary":"China Galaxy Securities has released a research report stating that the financial service system for key agriculture-related sectors is expected to be further improved, benefiting stable credit...","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["161121","BK0188","BK4588","601881","BK0276","BK4585","161027","06881","BK1564","VIG","BK1147"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1184422703","title":"China Galaxy Securities Announces Redemption and Delisting of \"21 Galaxy Y2\" Perpetual Bond on April 21","url":"https://stock-news.laohu8.com/highlight/detail?id=1184422703","media":"Stock News","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1184422703?lang=en_us&edition=fundamental","pubTime":"2026-04-09 16:44","pubTimestamp":1775724261,"startTime":"0","endTime":"0","summary":"China Galaxy Securities Co., Ltd. has issued an announcement regarding its publicly issued 2021 perpetual subordinated bonds (second series). The issuer has decided not to exercise the extension...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0188","601881","06881","BK0276","BK1564","BK1147"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2625196429","title":"China Galaxy Securities to host online annual results briefing","url":"https://stock-news.laohu8.com/highlight/detail?id=2625196429","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2625196429?lang=en_us&edition=fundamental","pubTime":"2026-04-08 16:33","pubTimestamp":1775637189,"startTime":"0","endTime":"0","summary":"China Galaxy Securities will host an online fiscal 2025 annual results briefing on April 17, 2026, from 3:00 p.m. to 4:00 p.m.Vice Chairman and President Xue Jun will attend the briefing.Independent directors Stephen Law Cheuk Kin and Fan Xiaoyun will attend.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Galaxy Securities Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange  , on April 08, 2026, and is solely responsible for the information contained therein.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260408:nNDL4CnqBQ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0276","601881","BK0188"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1109164606","title":"Traditional Building Materials Show Weak Recovery While Electronic Yarn Prices Continue Climbing","url":"https://stock-news.laohu8.com/highlight/detail?id=1109164606","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1109164606?lang=en_us&edition=fundamental","pubTime":"2026-04-08 08:16","pubTimestamp":1775607398,"startTime":"0","endTime":"0","summary":"China Galaxy Securities has released a research report indicating that the cement market gradually resumed activity in March following the holiday period, although demand in most regions recovered to...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK0188","BK1564","06881","601881","161027","BK1147","BK0276"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1161556880","title":"Optical Cable Procurement Prices Reach New Highs While Ethernet Optical Module Sales Show Strong Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1161556880","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1161556880?lang=en_us&edition=fundamental","pubTime":"2026-04-08 08:16","pubTimestamp":1775607392,"startTime":"0","endTime":"0","summary":"According to a research report from China Galaxy Securities, the market share of domestic chips in China's cloud AI accelerator market is projected to rise to approximately 41% by 2025. Within this...","market":"other","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["161027","BK0188","06881","601881","BK1147","BK0276","BK1564"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1121345903","title":"China Galaxy Securities Communication Sector Analysis: Tender Price Caps Reach New Highs, Demand Diversification Trend Evident","url":"https://stock-news.laohu8.com/highlight/detail?id=1121345903","media":"Stock News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1121345903?lang=en_us&edition=fundamental","pubTime":"2026-04-06 14:58","pubTimestamp":1775458720,"startTime":"0","endTime":"0","summary":"China Galaxy Securities has released a research report commenting on the recently announced bidding results for China Mobile's 2026-2027 special optical cable centralized procurement project. 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Introduction