Aiming for a 3-Day Consecutive Gain, China Merchants SSE HK Equities ETF (513990) Rises Nearly 1% in Morning Session as Domestic Large Models Stabilize Footings in the World's Largest Consumer Market

NewTimeSpace (newtimespace.com) News, On July 16, 2026, the majority of large model concept themes strengthened. As of 10:01, China Merchants SSE HK Equities ETF (513990) rose 0.91%, aiming for a 3-day consecutive gain, with the latest price standing at RMB 1.1. Looking at a longer timeframe, as of July 15, 2026, China Merchants SSE HK Equities ETF achieved a cumulative gain of 7.47% since the beginning of July.

In terms of news coverage, the commercial implementation of AI large models continues to accelerate. On July 15, the Cyberspace Administration of China (CAC) released filing information for 7 generative artificial intelligence services providing on-device mobile capabilities. These include Apple Intelligence, AndesGPT, Huawei Xiaoyi AI Large Model, vivo BlueLM On-Device Large Model, Xiaomi HyperMind AI, Galaxy AI, and Nubia Doubao Phone Large Model.

Alibaba responded publicly that Alibaba's Qwen will be integrated into Apple Intelligence as an AI capability, bringing intelligent experiences to Chinese users across iOS, iPadOS, macOS, and visionOS. Users will be able to directly experience Qwen's capabilities in text and image understanding, content generation, and more on Apple devices without needing to switch between applications.

Guolian Minsheng Securities pointed out that this CAC announcement not only unlocks the from-zero-to-one on-device AI market, but is also expected to provide the entire AI industry chain with another major industry narrative following Coding. The on-device market may welcome rapid development opportunities driven by the open adoption of AI smartphones.

Hong Kong-listed Large Model Concept Stocks:

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.

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.

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.

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