On July 9, ZTE Corporation rose 3.1% in regular trading, reaching HK$23.94 per share, with turnover of HK$135 million.

On the news front, the latest HKEX disclosure shows that UBS acquired 636,200 H-shares of ZTE on July 2 at approximately HK$22.62 per share, totaling about HK$14.39 million, raising its holding to approximately 60.68 million shares representing an 8.03% stake. This follows BlackRock's increase of its H-share long position from 6.52% to 7.10% on June 25, marking consecutive institutional accumulation by multiple global asset managers.

The positive momentum is further supported by ZTE's recent strategic moves, including establishing Nanjing Creeks Semiconductor Technology Co., Ltd. with RMB 1 billion registered capital to bolster its proprietary chip design capabilities. Additionally, the company has been actively conducting share buybacks, having repurchased approximately 24.56 million A-shares totaling RMB 855 million through June 30.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)