Hwabao CSI HK Equities Information Technology Integration ETF (159131) Rises 2.76% as Zhipu Announces Completion of Placements Worth Approximately HK$31.41 Billion

NewTimeSpace (newtimespace.com) News, On July 9, 2026, the CSI Hong Kong Stock Connect Information Technology Combined Index (930967) performed strongly. As of 09:55, the index rose 2.41%, and Hwabao CSI HK Equities Information Technology Integration ETF (159131) increased by 2.76%, with the latest price standing at RMB 1.04. Looking at a longer timeframe, as of July 8, 2026, Hwabao CSI HK Equities Information Technology Integration ETF achieved a cumulative gain of 22.29% over the past three months.

Among the constituent stocks, AI-related themes performed actively. Zhipu led the gains with a 12.22% increase, while stocks such as GigaDevice and Montage Technology followed suit.

Data shows that in terms of scale, the fund size ofHwabao CSI HK Equities Information Technology Integration ETF grew by RMB 457 million over the past month, achieving significant growth, with the incremental scale ranking 1st out of 10 comparable funds. In terms of fund shares, the total shares ofHwabao CSI HK Equities Information Technology Integration ETF increased by 114 million units over the past two weeks, achieving significant growth, with the incremental shares ranking 1st out of 10 comparable funds.

In terms of news coverage, large model concept enterprises have seen frequent developments. On July 8, media outlets reported that the achievements related to WebRetriever, a self-developed comprehensive evaluation benchmark for large-scale Web Agents by Mininglamp Technology (2718.HK), were accepted by the European Conference on Computer Vision (ECCV 2026), a top-tier international computer vision conference. This evaluation benchmark covers 800 real online websites and 1,550 tasks, focusing on the task completion capabilities of Web Agents in complex internet environments.

On July 9, Zhipu (2513.HK) announced the completion of private placements worth approximately HK$31.41 billion, attracting extensive orders from international long-term funds, industrial investors, and professional investment institutions. The funds raised this time will be primarily used for foundation model research and development, computing power infrastructure construction, commercial expansion, and global ecosystem layout. Against the backdrop of continuously accelerating competition in global large models, this financing round will provide more resources for the next stage of Zhipu's model R&D and technological investment.

Wanlian Securities stated that leading vendors continue to push forward the iteration of model capabilities, conducting model layering and product layout around different application scenarios. This reflects that competition in large AI models is shifting from a pure contest of single parameter scales and general capabilities to a comprehensive competition phase encompassing application scale expansion and Agent ecosystem development. It is recommended to focus on large model vendors with excellent comprehensive capabilities as well as leading vendors possessing strong Agent products in vertical professional fields. From a medium-to-long-term perspective, investors should continue to focus on the two main investment themes: the AI industry and the data industry.

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 in the Hong Kong market, Mininglamp Technology is dubbed the "First Agentic AI Stock in Hong Kong." It has released DeepMiner, a multi-agent collaborative data analysis platform for commercial data analytics, and the open-source edge GUI (Graphical User Interface) model series, Mano. Deeply engaged in the enterprise service and data intelligence tracks, the company adopts a multi-agent architecture focusing on commercial data analysis. By utilizing structured factual data to mitigate AI hallucination risks, it provides decision-making agent pipelines for the marketing and mass consumption sectors. Additionally, it has launched AI Native hardware to expand the carriers for its agents.

BABA-W (09988.HK)

The company has released several new models, including Qwen3.6-Plus, with the Qwen LLM surpassing 1.4 trillion Tokens in daily API calls, setting a new global record for daily calls on third-party platforms. The Qwen consumer-facing application has exceeded 300 million MAU and has been integrated into the smart cabins of multiple automakers. It consistently ranks at the forefront in international benchmark evaluations for coding and agentic capabilities. Its business layout seamlessly matches the trend of scaled procurement of computing power and model APIs by government and enterprise clients.

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