Understanding the Market | China Unicom's A and H shares surged in the afternoon as the Ministry of Industry and Information Technology granted China Unicom a license for satellite mobile communication business

China Unicom's AH shares surged in the afternoon, with H shares rising 2.54% to HKD 9.68, and a trading volume of HKD 728 million, while A shares increased by over 5%. The Ministry of Industry and Information Technology issued a satellite mobile communication business operating license to China Unicom, allowing it to engage in direct satellite connections for mobile phones and other services, promoting applications such as emergency communications. The Ministry will optimize market access for satellite communications and promote high-quality industrial development. WanLian Security pointed out that the "Guiding Opinions" will facilitate the orderly development of the satellite communication industry, promote low-orbit satellite networking, technological innovation, and commercialization processes