Powered by industrial internet sectors such as cloud services, data centers, and big data, the revenue growth of China's telecom industry was projected to accelerate in 2Q25, HSBC Global Research said in its report. The service revenue growth of CHINA MOBILE (00941.HK) -0.200 (-0.232%) Short selling $179.06M; Ratio 17.175% and CHINA TELECOM (00728.HK) +0.070 (+1.157%) Short selling $24.55M; Ratio 4.749% was anticipated to expedite, while CHINA UNICOM (00762.HK) -0.130 (-1.332%) Short selling $120.42M; Ratio 21.076% was expected to remain stable.The broker continued to list China Mobile as its top pick, followed by a preference for China Telecom, both rated as Buy. China Unicom and CHINA TOWER (00788.HK) -0.060 (-0.545%) Short selling $14.84M; Ratio 6.850% were rated as Hold. The target prices for China Mobile, China Telecom, China Unicom, and China Tower were raised to HKD111, HKD7, HKD9.9, and HKD12.7, respectively, with attention to capex guidance and depreciation/ amortization conditions.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)Related NewsHSBC Research Lists H-Shrs Most Favored by Domestic Active Mutual Funds/ Southbound Capital in 2Q (Table)