Guangdong: Plans to accelerate technological breakthroughs in key frontier areas such as 6G, optical communications, and quantum communications.
Recently, the 'Guangdong Province Information and Communications Industry 15th Five-Year Plan (Draft for Public Comment)' was released for public consultation. It states that support will be provided to incumbent telecommunications enterprises and others to actively participate in provincial key R&D programs. Leveraging strategic scientific and technological forces such as the Pengcheng National Laboratory and leading enterprises, Guangdong aims to establish and improve a full-process innovation ecosystem for its information and communications industry, accelerate technological breakthroughs in critical frontier areas including 6G, optical communications, satellite communications, quantum communications, and intelligent-agent communications, and strengthen research on novel network architectures such as integrated space-air-ground networks and converged communications-sensing-computing systems. Priority will be given to cultivating and developing the emerging 6G sector, with vigorous advancement of next-gener
*ST Yuandao (301139.SZ): Termination of Key Operating Contracts with China Mobile and China Tower
*ST Yuandao (301139.SZ) announced that it has recently been unable to reach an agreement with China Mobile, a telecommunications operator, and China Tower, a telecommunications infrastructure operator, regarding the continued performance of certain significant operating contracts. Consequently, these significant operating contracts have been terminated. Given the termination of these contracts, the company’s operating results for 2026 will be materially affected.
China Tower Corporation Limited (00788.HK) was reduced by BlackRock by 26.0774 million shares.
Gelonghui, June 29 — According to the latest equity disclosure data from the Hong Kong Stock Exchange, on June 23, 2026, BlackRock, Inc. reduced its long position in China Tower Corporation Limited (0788.HK) by 26,077,400 shares through an on-exchange transaction at an average price of HK$9.3052 per share, amounting to approximately HK$243 million. Following this reduction, BlackRock, Inc.'s latest long position stands at 309,286,904 shares, with its holding ratio decreasing from 7.19% to 6.63%.
Goldman Sachs downgrades China Telecom (0728.HK), China Unicom (0762.HK), and China Tower (0788.HK) to 'Sell'; AI token initiatives boost ARPU, but 5G base station deployment remains weak.
Goldman Sachs published a research report noting that Chinese telecom operators have recently launched AI token packages targeting both consumer (ToC) and enterprise (ToB) users, charging either through subscription fees or token consumption. The firm is positive on the incremental revenue potential from these AI token packages and expects that expanding use cases—such as office AI agents, OpenClaw, and AI-assisted coding—will help drive higher average revenue per user. However, it will take time for AI token adoption to increase and translate into meaningful revenue contributions. Meanwhile, sluggish progress in 5G base station deployment and relatively high value-added tax rates are expected to weigh on Chinese telecom companies’ future
China Tower Sets Out Board Line-Up and Committee Structure
China Tower Corporation Limited (00788.HK): The extraordinary general meeting has approved Yin Wenkai as an executive director.
Gelonghui, June 16 — China Tower Corporation Limited (00788.HK) announced that the extraordinary general meeting has approved Yin Wenkai as an executive director, with his term commencing on June 16, 2026, and ending on the date when the third board of directors completes its renewal. Due to adjustments in work responsibilities, Mr. Yin will no longer serve as Deputy General Manager of the company. In addition, Mr. Yin has been appointed as a member of both the Board Nomination Committee and the Connected Transactions Committee. The aforementioned changes will take effect on June 16, 2026.