Liu Jian, Party Secretary and Chairman of HBIS Group, led a delegation to visit the Shenzhen headquarters of ZTE (00763.HK) +1.280 (+4.510%) Short selling $129.53M; Ratio 4.373% , where he held discussions with ZTE Chairman Fang Rong. The two sides exchanged in-depth views on topics including AI empowerment of steel industry upgrading, intelligent computing infrastructure development, application of industrial large models, and the advancement of key cooperation projects. They further strengthened strategic mutual trust and jointly explored new pathways for digital and intelligent industrial transformation.Fang stated that HBIS is an important strategic partner of ZTE, with a solid foundation for cooperation. In light of new opportunities arising from AI development, ZTE will continue to leverage its dual-engine strengths of "connectivity + computing power". Relying on its leading ICT infrastructure capabilities, open and integrated intelligent computing platform capabilities, and extensive industry digitalization experience, ZTE will further deepen collaborative innovation with HBIS, accelerate the implementation and realization of key cooperation projects, and jointly explore innovative AI+ and digital transformation application scenarios to inject new momentum into the high-quality development of the steel industry.Related News M Stanley Upgrades ZTE (00763.HK) to Overweight, Raises TP to HKD39; AI Catalyst Expected to Ignite in 2H26During the meeting, Liu noted that HBIS is actively implementing national strategies to promote high-end, intelligent and green development of the manufacturing sector, while accelerating industrial transformation, upgrading and technological innovation to continuously enhance core competitiveness. AI is becoming a key driving force behind transformation in the steel industry, and the two sides enjoy a strong foundation for cooperation and broad development prospects.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-05 16:25.)
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