On July 15, ZTE Corporation (00763.HK) rose 3.31% in regular trading, trading at HKD 24.9/share, with turnover of HKD 130 million, rebounding from the previous session's decline driven by elevated short-selling pressure.

On the news front, ZTE's global first AI agent smartphone under the Nubia brand — the second-generation Doubao Phone — is set to make its debut at the World Artificial Intelligence Conference (WAIC) opening on July 17 in Shanghai. The device, priced above RMB 4,000, represents ZTE's strategic shift from feature-stacked AI functionality toward native intelligent agents, as articulated by ZTE's Terminal Division President Ni Fei. Additionally, Morgan Stanley has expressed optimism about ZTE reaching a key inflection point, while UBS previously increased its H-share stake to 8.03%, signaling continued institutional confidence. The convergence of the imminent product launch catalyst and institutional backing appears to be supporting the stock's recovery after yesterday's 5.06% selloff triggered by a 16.63% short-selling ratio.

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