China Merchants SSE HK Equities ETF (513990) Rises 1.22% in Morning Session as the Value of Domestic Large Models Continues to Manifest

NewTimeSpace (newtimespace.com) News, On July 10, 2026, the Hang Seng Tech Index strengthened robustly in the morning session. As of 09:53, China Merchants SSE HK Equities ETF (513990) rose 1.22%, with the latest price standing at RMB 1.08.

Looking at a longer timeframe, as of July 9, 2026, China Merchants SSE HK Equities ETF achieved a cumulative gain of 4.01% over the past week. In terms of capital flows, China Merchants SSE HK Equities ETF recorded a recent net capital outflow of RMB 1.0696 million. Over a longer period, it has cumulatively "absorbed" RMB 16.1702 million over the past 5 trading days.

In terms of news coverage, the 2026 World Artificial Intelligence Conference (WAIC 2026) will be held in Shanghai from July 17 to 20, under the theme "Intelligent Partners, Co-Creating the Future." The event will bring together over 1,400 guests and more than 1,100 enterprises, focusing on showcasing the new stage of domestic computing power moving from single-point technical breakthroughs toward full-chain collaborative implementation. The core theme of this year's conference signals that China's AI industry is shifting comprehensively from a simple "display of model capabilities" or a "single-chip parameter race" toward systematic industrial realization.

Guoyuan Securities stated that recently, the application of artificial intelligence technology has continued to materialize, and the value of domestic large models continues to manifest. It is recommended to maintain close attention to the latest development trends at the artificial intelligence application layer, particularly listed companies that possess advantages in relevant technologies and user ecosystems and can fully benefit from the efficiency gains driven by downstream enterprises' artificial intelligence deployments.

‌‌

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, Mininglamp Technology is recognized by the market as the "First Agentic AI Stock in Hong Kong." Its self-developed model cluster includes the DeepMiner LLM product line (underlying engine), models such as Mano/Cito, and the Cider inference acceleration framework. These are all interconnected by the Octo platform layer to serve as a human-Agent collaboration hub, ultimately delivered in the form of Agentic Services to empower the implementation of decision-making agents in industries like marketing and mass consumption. The company bypasses the "Scaling Up" route of monolithic LLMs, opting instead for a "Scaling Out" approach through the collaboration of multiple specialized small models, achieving precision that surpasses general models in vertical scenarios. Its core moats lie in granular scenario data, specialized models, and continuous learning, culminating in an open-source, privately deployable, and white-box auditable Private AI infrastructure.

TENCENT (00700.HK)

The Hunyuan LLM ranks highly in evaluations on third-party platforms such as OpenRouter. The model continues to deepen its integration into national-level social applications, Tencent Meeting, and the cloud-based collaborative office ecosystem. Backed by a massive MAU base and the Tencent Cloud intelligent computing service system, the company is accelerating the delivery/provision of AI solutions to B2B clients in government and finance, continuously expanding enterprise-level application scenarios.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.