China's Technological Self-Reliance: The "15th Five-Year Plan" emphasizes high-level technological self-reliance, with Hong Kong expected to contribute significantly through innovation and technology development, particularly in the Lok Ma Chau Loop and Northern Metropolis.

AI Facility and Research Center: A new AI facility and research center has been established in the Lok Ma Chau Loop to enhance cross-border connectivity and data flow in the Greater Bay Area, addressing the growing demand for fiber optics.

Collaboration and Business Outlook: The group plans to collaborate with research institutions to apply research results practically, expressing optimism about AI's positive impact on the telecom industry and the government's smart city initiatives.

Market Competition: China Mobile Hong Kong's entry into the market with affordable 5G plans is intensifying competition, but the group remains committed to fair competition and is cautious about its market strategies.

Company Independence: HKBN and China Mobile Hong Kong operate independently, with no current plans for capital or asset injection from China Mobile Hong Kong.

Service Transformation: HKBN plans to transition from basic household connection services to a comprehensive HOME Infinity solution, focusing on enhancing the digital experience for users.

Quality Experience Focus: The shift aims to elevate household connections from meeting basic needs to providing a high-quality experience, integrating services like OTT media and telehealth.

Collaboration for Improvement: HKBN will partner with industry service providers to enhance digital life scenarios for households and offer premium solutions tailored for government and enterprise clients.

Acquisition Completion: China Mobile Hong Kong has successfully acquired HKBN (01310.HK), marking a significant development in the telecommunications sector.

Financial Performance: HKBN reported a substantial increase in annual net profit, surging over 19 times to HKD 207 million, and announced a final dividend of HK18.9 cents.

Growth Strategy: Li Xin, the new executive director and group CEO of HKBN, emphasized the company's potential for growth in market share and average revenue per user (ARPU) without resorting to price cuts.

Network Enhancement Focus: HKBN plans to prioritize network upgrades and improving user experience rather than competing on price to gain market share.

Market Performance: The Hang Seng Index (HSI) fell by 33 points (0.1%) to 26,484, while the Hang Seng Technology Index (HSTI) rose by 56 points (0.9%) to 6,379, with a total market turnover of $314.89 billion.

Active Heavyweights: Notable stock movements included Xiaomi (+4.5%), Alibaba (-1.1%), and Tencent (+0.2%), with significant short selling activity observed across various stocks.