China Unicom's stock surged 5.05% during intraday trading on Wednesday, marking a significant upward movement.

The rally followed announcements from China's State-owned Assets Supervision and Administration Commission (SASAC) regarding plans to advance the establishment of new central state-owned enterprises and carry out strategic reorganizations. SASAC officials also stated that state-owned enterprises will intensify efforts to promote the "AI+" special action, positioning them as key suppliers of intelligent computing infrastructure.

Analysts from Zheshang Securities highlighted that the central government's emphasis on preventing internal competition among state-owned enterprises is conducive to stabilizing average revenue per user for telecom operators. Additionally, the reduction in risk factors for insurance capital favors allocations to the dividend sector, where telecom operators like China Unicom offer strong profit resilience and high dividend attributes.