HK Stock Market Move | China United Network Communications (00762) rose over 4% in the afternoon, strategic layout of data elements continues to deepen, and the operator's massive high-quality data resources may bring monetization value.

China United Network Communications (00762) surged over 4% in the afternoon, rising by 4.15% to HK$8.29 with a trading volume of HK$560 million as of the time of writing. On the news front, Huang Zhiyong, Deputy General Manager of China Telecom Corporation, recently stated that the company will continue to leverage the resources and rich application scenario advantages of Beijing Vastdata Technology to promote the efficient circulation and value release of data elements, facilitate the integration of digital economy and real economy, and contribute to the reform of market-oriented allocation of data elements. In addition, Beijing announced the establishment of a national level data exchange, strengthening the linkage between Beijing International Big Data Exchange and Beijing Stock Exchange. Ping An Securities Hong Kong pointed out that in recent years, with the rapid development of the digital economy, data has become the fifth factor of production after land, labor, capital, and technology. They recommend actively paying attention to operators who have the resources to realize Beijing Vastdata Technology. Huatai previously mentioned that SASAC may establish a national data group to explore commercial operation models of data resources. They believe that operators' massive high-quality data resources may bring monetization value and that the opening of operators' data can also help models like DeepSeek in training and iteration, thereby potentially speeding up the commercialization process of AI in the future.