Zhito HK Connect Active Trading | May 19

Stock Connect Active Trading | May 19, 2026

Zhitong Finance07:00 ET

All three major telecom operators launch Token plans—Is the era of AI computing power for the masses arriving?

① The three major telecom operators have reclassified Tokens from model-specific quotas into basic resources akin to voice and data packages; ② Institutions noted that the domestic operators’ Token pricing is over 80% lower on average than that of overseas cloud providers; ③ Just last month, the Ministry of Industry and Information Technology proposed significantly lowering the barriers for small and medium-sized enterprises (SMEs) to access and utilize computing power, thereby providing robust computational support to foster their specialized, sophisticated, and innovative development.

cls.cn06:30 ET

From "Data-Usage Fees" to "Token Fees": Which of the Three Major Carriers Is the Biggest AI Winner?

The stock prices of the three major telecom operators have risen collectively for two consecutive days, as the widespread rollout of token-based plans is reshaping the market's valuation framework for this sector—marking a shift in the communications industry from a traffic‑driven economy to a token‑based one, a narrative that is rapidly being priced into the capital markets. On the trading front, on May 18, China Telecom's A‑shares surged more than 7% during the session, hitting the daily upper limit at one point and closing up 7.74%; China Unicom gained over 5.5%, while China Mobile rose 2.43%. Entering May 19, the three major operators continued their upward momentum, with China Telecom climbing more than 8% during the session, and both China Unicom and China Mobile advancing by over 2%. The H‑share market mirrored these moves,

wallstreetcn03:51 ET

9.9 Yuan for 10 Million Tokens: After Losing Twice Before, What Are the Chances of Winning This Time?

In May 2026, China Telecom launched its Token package, with a minimum monthly fee of 9.9 yuan for individual users, including 10 million Tokens. The three major operators subsequently followed suit, officially entering the AI computing power sales sector. Most media reports focused on two points: firstly, the low price, which has a clear advantage compared to the API call fees of large tech companies; secondly, the transformation of operators, marking the telecommunications industry's entry into the AI era. However, I believe the most noteworthy aspect this time is not the above, but rather — this is already the third attempt by operators to break free from their fate as 'dumb pipes.' What does this mean? Isn’t it just telecom companies selling AI services?

businesstimes cn23:09 ET

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