ZTE (00763) bucked the broader market trend to surge over 4%. At the time of writing, the stock was up 3.99%, trading at HKD 29.2 with a turnover of HKD 370 million. On the news front, ZTE stated on an interactive platform that communication technologies in the commercial aerospace sector are trending towards integration with terrestrial networks. As a global leading communication expert, the company is committed to building an integrated satellite-terrestrial communication network for 6G. Currently, the company has collaborated with domestic operators and satellite companies to conduct multiple NTN technology trial verifications, achieving significant breakthroughs. Moving forward, leveraging its leadership in industrial standardization, core technologies, and product specifications within the communication field, ZTE will provide comprehensive satellite payload products to help partners build core competitiveness. Huaxi Securities released a research report noting that satellite networks serve as the foundation for 6G network construction, and the current timing aligns with 6G standards and the construction timeline. Since August, relevant authorities have indicated plans to issue satellite internet licenses, marking a critical first step for the commercial operation of China's satellite internet. The issuance of licenses is expected to accelerate the entire industry chain's move towards large-scale development.
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