China's 5G-related firms surge on Beijing's commercial licence push

Vital Innovations Holdings

04/06/2019 03:13

** Shares in China's 5G-related firms surge as Beijing plans
to boost the commercial use of next-generation cellular network
technology  
    ** China's Ministry of Industry and Information Technology
(MIIT) will roll out commercial 5G licences "in the near
future", the official Xinhua reported on Monday  urn:newsml:reuters.com:*:nB9N22V018  
    ** The CSI all-share telecommunication services index
 .CSI000994  climbs as much as 1.8%, bucking a broad retreat in
the stock market 
    ** The 5G strategy will be of great significance to the
Sino-U.S. competition which would be a protracted process,
Southwest Securities said in report, adding the commercial
development of China's 5G network would not slow down
    ** Leading the rally, Vital Mobile Holdings Ltd  6133.HK 
soars as much as 70% to a 2-1/2-year high
    ** Sichuan Huiyuan Optical Communications Co Ltd
 000586.SZ , Nanjing Huamai Technology Co Ltd  603042.SS ,
Suzhou Hengmingda Electronic Technology  002947.SZ , Sichuan
Zhongguang Lightning Protection Technologies Co Ltd  300414.SZ 
all spike to the upper limit of 10% 
    ** The dual-listed ZTE  000063.SZ  0763.HK  rises 2.6% and
1.5% in Shenzhen and Hong Kong, respectively 
    ** In Hong Kong, China Telecom Corp Ltd  0728.HK , China
Tower Corp Ltd  0788.HK , China Unicom Hong Kong Ltd  0762.HK 
are largely unchanged 
    

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))