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CHINA TELECOM/ CHINA UNICOM/ CHINA MOBILE Open Down 6%/ 7%/ 2% as CN Telecom Service VAT Raised to 9%
The three major Chinese telecom stocks subsided at the market opening this morning (2nd). CHINA MOBILE (00941.HK) opened 2.26% lower at HKD78, with a pre-market trading volume of 1...
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CHINA TELECOM/ CHINA UNICOM/ CHINA MOBILE Open Down 6%/ 7%/ 2% as CN Telecom Service VAT Raised to 9%
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STOCK INFO

The three major Chinese telecom stocks subsided at the market opening this morning (2nd). CHINA MOBILE (00941.HK)  +0.350 (+0.446%)    Short selling $32.34M; Ratio 8.299%   opened 2.26% lower at HKD78, with a pre-market trading volume of 1.475 million shares, involving HKD115 million.

CHINA TELECOM (00728.HK)  -0.010 (-0.204%)    Short selling $8.44M; Ratio 21.930%   opened down 6.32% at HKD5.04, with a pre-market trading volume of 4.072 million shares, involving HKD20.5229 million.

CHINA UNICOM (00762.HK)  +0.110 (+1.505%)    Short selling $23.71M; Ratio 27.257%   dropped by 7.04% to HKD7.39 at open, with a pre-market trading volume of 5.108 million shares, involving HKD37.7481 million.

China's Ministry of Finance and the State Administration of Taxation had recently issued an announcement on the specific matters concerning the scope of VAT taxation, according to the three telecom giants.

This announcement stipulates that business activities providing mobile data services, SMS and MMS services, and internet broadband access services within the national borders using fixed networks, mobile networks, satellites, and the internet have had their tax category adjusted from value-added telecom services to basic telecom services from January 1, 2026. The corresponding VAT rate has also been adjusted from 6% to 9%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-02-16 12:25.)

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