On July 8, ZTE Corporation rose 3.09% in regular trading, trading at HK$23.48/share, with turnover of HK$228 million.

On the news front, ZTE recently established Nanjing Crest Semiconductor Technology Co., Ltd. through its wholly-owned subsidiary ZTE Microelectronics, with a registered capital of RMB 100 million. The new entity's business scope covers integrated circuit design and chip design services, marking a further acceleration of ZTE's self-developed chip strategy. ZTE Microelectronics, established in 1996, is one of China's earliest IC design firms with over 8,000 cumulative patent applications, covering networking, computing power, and terminal products across all domains.

Institutional sentiment also appears supportive, with BlackRock increasing its H-share long position from 6.52% to 7.10% on June 25. Meanwhile, the company has been actively conducting share buybacks, having repurchased approximately 24.56 million A-shares totaling RMB 855 million as of end-June.

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