China's First Pre-6G Test Network Launched in Nanjing

HuoXing Finance News, April 22: Pre-market highlights for A-shares: 1. The State Council issued the "Opinions on Promoting the Expansion and Quality Improvement of the Service Sector." The document clearly states that by 2030, the total scale of the service sector will surpass 10 trillion yuan; it will comprehensively implement the "AI+" initiative and support the procurement of large models and intelligent agent services. 2. The Ministry of Industry and Information Technology (MIIT) stated that pilot projects for 10G optical networks are progressing steadily, with pilot objectives being met satisfactorily. 3. MIIT Vice Minister Zhang Yunming indicated that the next step will involve guiding the orderly, demand-driven construction of computing infrastructure, promoting coordinated deployment of green power and computing resources, achieving full-domain automated monitoring of computing capacity, improving China’s computing platform, facilitating precise alignment between computing supply and demand, and enhancing the efficiency of computing resource utilization. 4. Domestic oil prices have been lowered for the first time this year; filling a 50-liter tank with 92-octane gasoline will now cost 22 yuan less. 5. China’s first Pre-6G trial network officially launched on April 21 in Nanjing, Jiangsu Province. Integrating 6G innovation technologies into the existing 5G network, the trial network features high bandwidth, long-distance coverage, low and deterministic latency, and AI-native integration, with capabilities reaching up to 10 times those of 5G. 6. On the afternoon of the 21st, Trump posted on "Truth Social" that, at the request of Pakistan’s Army Chief and Prime Minister, the U.S. will suspend military strikes against Iran, extend the ceasefire period, and require Iran to first propose a unified negotiation proposal. 7. Iran’s state television stated that Iran has agreed to a pause in military hostilities, but the war is not over. 8. Iran’s negotiation team, via Pakistani intermediaries, has informed the U.S. that, due to various reasons, they will not travel to Islamabad, Pakistan on the 22nd and currently have no possibility of participating in negotiations. 9. Multiple informed sources revealed that after a series of intensive meetings within the White House, U.S. Vice President Vance has temporarily shelved his planned trip to Pakistan to engage in negotiations with Iran. 10. Wu Kai, Chief Scientist of CATL, stated that sodium-ion battery manufacturing has resolved its core technical challenges and will enter large-scale mass production this year. 11. Jingke Technology responded to a regulatory letter from the Shanghai Stock Exchange, stating that the first phase of the Zhongwei Intelligent Computing Center project in Ningxia is expected to have a debt-to-asset ratio of 67.1%, which will not materially adversely affect its financial structure. 12. Zijin Mining announced that for the first quarter of 2026, it achieved revenue of RMB 98.498 billion, a year-over-year increase of 24.79%; net profit attributable to shareholders of the listed company amounted to RMB 20.079 billion, up 97.50% year-over-year. 13. Fuyao Glass announced a 15.68% year-over-year decline in first-quarter net profit; China Unicom reported an 18% year-over-year decline in first-quarter net profit. 14. China Satellite announced a first-quarter net loss of RMB 42.69 million; Muyuan Foods reported a first-quarter net loss of RMB 1.215 billion. (Reported by Kegubao)