Market Chatter: China's Telecoms Giants Use Vertical LLMs for Flood Prediction, Local Governance, Association Says

MT Newswires04:37 ET

Special Contributor Deng Shengxing: The "China Special Valuation" concept stocks are performing strongly, particularly noteworthy are the Chinese telecommunications stocks.

Jingu Finance News | Hang Seng Index closed at 19,560 on Thursday (5th), down 182 points or 0.92%. The total market turnover was 109.3 billion yuan. The HSI fell 70 points or 1% to 7,014. The TMI fell 33 points or 0.8% to 4,370. Mainland stock markets had narrow and individual movements, with the SSE Composite Index up 4 points to 3,368; the CSI 300 index fell by 0.2%. Bitcoin broke through $0.1 million, and virtual currency ETFs significantly followed the market to achieve a new high. Huaxia Bitcoin (03042) rose by 6.8%, with a trading volume of nearly 0.25 billion yuan. The Dow Jones closed at 44,765 points on Thursday (5th), down 248 points or.

Jingwu Financial NewsDec 5 20:30 ET

citic sec: Four industry associations have spoken out, calling for the localization of chips, which has a significant guiding role in the direction.

On December 3, 2024, the four major industry associations of china's semiconductors/autos/internet/communication companies collectively issued a statement, firmly opposing the usa's export restrictions against china, stating that relevant chip products from the usa are no longer safe or reliable, and calling for the active use of chips produced by domestic and foreign enterprises in china.

Zhitong FinanceDec 3 19:30 ET

Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.

In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.

cls.cnDec 3 19:29 ET

China Telecom and Huawei join hands to unveil the Low-altitude Intelligent Network Laboratory, with multiple listed companies participating in the global strategy cooperation signing.

① china telecom and huawei established the "low-altitude intelligent networked laboratory," which will promote research and application of low-altitude communication technology. They also signed concentrated agreements for low-altitude economic global strategy cooperation projects with 25 companies including zte and zongheng shares. ② The user base of the tianyi shilian platform has exceeded 0.11 billion, with more than 8 million devices connected, and AI daily calls exceeding 1.8 billion.

cls.cnDec 3 09:25 ET

[Brokerage Focus] ubs group: The china telecom industry is experiencing a moderate recovery and telecom companies are expected to meet their full-year profit guidance.

Jingwu Financial News | In a recent research report by ubs group regarding china telecom industry, it was pointed out that, according to data from China's Ministry of Industry and Information Technology, in October 2024, telecommunication services revenue is expected to increase by 2.6% year-on-year, rebounding from 1.8% in the third quarter, but still remaining moderate compared to 1.6% in the same period last year. The report mentioned that mobile data revenue and fixed data revenue grew by 1.7% and 5.2% year-on-year, respectively, improving from 2.0% and 1.1% in September. Traditional telecommunication services revenue grew by 2.1% year-on-year, while value-added services revenue increased by 4.2%, compared to 5.0% in the third quarter and the same period last year.

金吾财讯Dec 3 04:23 ET