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HKG:0763

4 stories mentioning HKG:0763

Every FINWIRES story that references HKG:0763, newest first.

Asia

Market Chatter: US Moves to End China's Role in Electronics Testing

The U.S. Federal Communications Commission voted unanimously to advance a proposal banning all Chinese labs from testing U.S.-bound electronic devices such as smartphones and computers, Reuters reported Thursday.Currently, about 75% of U.S. electronics are tested in China, according to the report. The plan would fast-track approval for devices tested in U.S. labs or allied nations.In a separate vote, the FCC moved to bar China Mobile (SHA:600941, HKG:80941), China Telecom (SHA:601728, HKG:0728) and China Unicom (HKG:0762) from operating U.S. data centers, Reuters wrote.The agency is also considering blocking interconnection with companies linked to national security risks, including Huawei and ZTE (SHE:000063, HKG:0763), according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0728HKG:0762HKG:0763HKG:80941SHA:600941SHA:601728SHE:000063
Asia

Market Chatter: China Warns Retaliation vs EU Over Potential Huawei Ban

China warned it would hit back at the European Union if the proposal to ban Huawei's equipment is implemented, Bloomberg News reported Thursday, citing a statement from China's mission to the E.U.Commission Executive Vice President Henna Virkkunen proposed a ban to phase out equipment from Huawei and ZTE (HKG:0763, SHE:0000630) from the bloc over cybersecurity risks, according to the report.China's mission asked to remove language that called equipment from the mainland a cybersecurity concern and that labelled Chinese companies "high risk" suppliers, the media outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0763SHE:0000630
Asia

ZTE's Profit Slips 47% in Q1

ZTE (HKG:0763, SHE:0000630) and its subsidiaries recorded a 47% decline in attributable profit for the first quarter of 2026 to 1.31 billion yuan from 2.45 billion yuan a year prior, according to a Friday Hong Kong bourse filing.Earnings per share slipped to 0.27 yuan in the three months from 0.51 yuan in the corresponding period of the previous fiscal year.Operating revenue jumped 6.1% to 35 billion yuan from 33 billion yuan.

HKG:0763SHE:0000630
Asia

US FCC Could Bar Top Chinese Telcos From Operating US Data Centers

The U.S. Federal Communications Commission said it could bar three big Chinese telecommunications firms from operating data centers in the U.S. and ban U.S. interconnections with the three companies.The commission said it has tentatively concluded there are national security concerns regarding U.S. telecommunication companies connecting with companies identified in the U.S. government's "covered list."The FCC will have to seek comment regarding interconnections with the companies, among them China Mobile (HKG:0941), China Telecom (HKG:0728, SHA:601728), and China Unicom (HKG:0762), Reuters reported separately.The FCC could disallow U.S. telecommunications companies from connecting with companies that use equipment from the list, among them ZTE (HKG:0763, SHE:000063), the newswire said.The commission will vote on the possible ban on April 30.

HKG:0728HKG:0762HKG:0763HKG:0941SHA:600941SHA:601728SHE:000063