On July 8, China Unicom (00762.HK) rose 3.07% in regular trading, trading at HK$6.37/share, with turnover of HK$36.89 million. The stock rebounded from the previous session's weakness following the board's formal ratification of a sweeping institutional restructuring plan.

On July 7, China Unicom's board unanimously approved the Proposal on Deepening Institutional Reform to Further Optimize Systems and Mechanisms, with all 13 directors voting in favor. The reform, initially announced on July 4-5, represents the most significant organizational overhaul since Chairman Dong Xin took the helm, centering on four core tracks: connectivity, computing power, services, and security. Key measures include establishing a Product Innovation and Marketing Department focused on AI and Token operations, splitting customer-facing operations into three dedicated business groups (public, industrial, and international), and creating independent computing network development, security, and operations divisions to advance 6G, space-air-ground integration, and AIDC capabilities.

Within the Integrated Telecommunication Services sector, HKBN rose 3.58%, China Telecom rose 2.51%, China Tower rose 1.01%, HKT-SS rose 0.34%, while PCCW fell 0.18%.

(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.)