chinas telecom sector rallied on tuesday on both mainland and hong kong stock markets as investors welcomed beijings latest policies for its national digitization as of the midday trading break telecom equipment maker zte corp was up 605 in hong kong and 275 higher in shenzhen telecommunications product supplier nanjing huamai technology co ltd surged 10 in shanghai telecom carriers also advanced in hong kong with china telecom corp ltd gaining 39 china unicom hong kong ltd 42 higher and china mobile ltd up 24 the sectors rally came after chinas toplevel policy makers late monday unveiled a national plan to develop the countrys digitization industries with a wide range of new measures including a bid to incorporate digitization goals into local governments performance evaluations and plans to better ensure funding for relevant sectors analysts at zheshang securities called the policy document a positive for the development of the telecom sector in particular they pointed to the new plans expected benefit to the three stateowned telecom majors these companieschina mobile china unicom and china telecomenjoy advantages in funding and resources the brokerage said they currently command over half of chinas data center market which is expected to gain from the fastgrowing demand for data storage and data processing amid increasing digitization the telcos growth outlook is further brightened by potential commercialization opportunities for their big data resources which could be monetized in multiple ways as digitization levels deepen the zheshang analysts added