Fullgoal CSI HK Equities Information Technology Integration ETF (159198) Rises 3.34% in Morning Trading; Large Model Concept Stocks Such as Zhipu and Mininglamp Technology Strengthen Significantly

NewTimeSpace (newtimespace.com) News: As of 10:04 AM on June 22, 2026, the CSI Hong Kong Stock Connect Information Technology Composite Index (930967) rose strongly by 1.92%, and the Fullgoal CSI HK Equities Information Technology Integration ETF (159198) advanced by 3.34%, with its latest price quoting at RMB 1.46.

As of now, among its constituent stocks, artificial intelligence-related themes delivered stellar performances, with Zhipu (2513.HK) surging by 15.19% and Mininglamp Technology (2718.HK) jumping by 13.64%, leading the gains across a multitude of related sectors.

Looking at a longer time horizon, as of June 18, 2026, theFullgoal CSI HK Equities Information Technology Integration ETF recorded a cumulative gain of 7.65% over the past week. In terms of fund shares, the shares of theFullgoal CSI HK Equities Information Technology Integration ETF increased by 2.00 million units over the past two weeks, achieving significant growth, with its newly added shares ranking 2nd out of 8 comparable funds.

On the news front, the Shanghai Stock Exchange (SSE) recently issued the Application Guidelines No. 10 for Issuance and Listing Review Rules of the Shanghai Stock Exchange — Application of the Fifth Set of Listing Standards of the Science and Technology Innovation Board by Artificial Intelligence Large Model Enterprises. The guidelines consist of 15 articles and came into effect on the date of release. This expansion into the AI large model sector opens up a direct A-share listing channel for a massive number of high-quality large model enterprises that have not yet turned a profit but possess core technologies.

In addition, the 2026 World Artificial Intelligence Conference (WAIC) will be held from July 17 to 20 across three major zones in Shanghai: the World Expo, Xuhui West Bund, and Zhangjiang. The conference is expected to gather 1,400 domestic and overseas guests, host nearly 140 professional forums, attract over 1,100 exhibiting enterprises, and mark the global debuts of over 300 new AI products. Both the computing power and autonomous systems tracks will bring together more than 200 companies each. On the industrial side, preparatory efforts for the conference have already facilitated RMB 16.2 billion in intended cooperation amounts and the implementation of 57 physical application scenarios.

CSC Financial stated that the rapid development of Zhipu and other domestic models signifies that the computing power demand for domestic models is equally robust, and the brokerage continues to favor the domestic large model and computing power sectors. Furthermore, US and Iranian officials announced that they have reached a preliminary memorandum of understanding aimed at reopening the Strait of Hormuz, a positive development that has eased market concerns over energy costs driving up inflation. As negotiations progress, the capital market—especially the technology sector—is expected to usher in an expansionary rally driven by a rebound in risk appetite, and AI will remain the primary investment theme for some time to come.

Hong Kong-listed Large Model Concept Stocks:

KNOWLEDGE ATLAS (02513.HK)

Knowledge Atlas Technology Joint Stock Company Limited (02513.HK; commercially known as Zhipu AI) is a leading player in China's independent large language model (LLM) sector (recognized for its capabilities and market position by Frost & Sullivan). The company has released its next-generation flagship model, GLM-5, achieving open-source State-of-the-Art (SOTA) performance in coding and agentic capabilities. It has also open-sourced the multimodal image generation model GLM-Image in collaboration with Huawei. Focusing on novel model architecture design, generalized reinforcement learning paradigms, and autonomous model evolution, its business layout closely aligns with the trend of enterprise-level AI productivity transformation.

MININGLAMP-W (02718.HK)

As an LLM concept stock, the company fully underpins its Agentic AI positioning with its self-developed edge models—Mano, Cito, and Mano-P—alongside the Cider inference framework. Its business architecture utilizes the DeepMiner LLM as the underlying engine and Octo as the collaborative hub, uniformly delivering various AI products and industry solutions in the form of Agentic Services. Mininglamp pursues a differentiated technological route, bypassing the parameter expansion of general models in favor of a "Scaling Out" approach that coordinates multiple specialized small models. Its core moats do not rely on parameter scale, but rather on granular scenario data, specialized models, and continuous learning. This enables it to achieve a level of precision in vertical scenarios that general models cannot match, as it remains committed to building an open-source, privately deployable, and white-box auditable Private AI infrastructure.

MINIMAX-W (00100.HK)

A top-tier player dedicated to omni-modal Artificial General Intelligence (AGI). The company continuously iterates its video generation model matrix and has partnered with mainstream domestic and overseas chip manufacturers and inference platforms to complete underlying adaptations. The total monthly active users (MAU) of its B2C and B2B LLM applications, along with multimodal API call volumes, maintain rapid growth, further broadening its computing power ecological layout.

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