Huatai Securities Zijin Hang Seng Internet Technology Industry Index Initiating Fund A (018523) Rises Nearly 13% Cumulatively Since July as Institutions Point Out the AI Industry Trend Remains the Main Battlefield for Large-Wave Rallies

NewTimeSpace (newtimespace.com) News, On July 17, 2026, Hong Kong stock tech themes weakened with volatility. As of 10:55, the Hang Seng Internet Technology Industries Index (HSIII) fell 3.54%. Despite the correction in today's themes, Hang Seng internet technology has performed strongly recently, staging a substantial rebound.

As of July 16, 2026, the net asset values per unit ofHuatai Securities Zijin Hang Seng Internet Technology Industry Index Initiating Fund A (018523) andHuatai Securities Zijin Hang Seng Internet Technology Industry Index Initiating Fund C (018524) stood at RMB 0.87 and RMB 0.85, respectively, representing an increase of 3.02% from the previous trading day.

Choice data shows that from the beginning of July 2026 to July 16,Huatai Securities Zijin Hang Seng Internet Technology Industry Index Initiating Fund A (018523) andHuatai Securities Zijin Hang Seng Internet Technology Industry Index Initiating Fund C (018524) rose by 12.89% and 12.87%, respectively.

In terms of news coverage, the commercial implementation of AI large models has accelerated recently. The Cyberspace Administration of China (CAC) officially released filing information on that day for 7 generative artificial intelligence services providing on-device mobile capabilities, with related products from mainstream terminal brands such as Apple, Huawei, OPPO, and vivo all included. This marks that on-device generative AI services have formally entered the stage of compliant operations, and their scope of application will progressively transition from pilot phases to large-scale promotion.

In addition, the first AI agent smartphone jointly developed by ByteDance and ZTE's Nubia will see multiple models released this year, one of which will make its debut during the 2026 World Artificial Intelligence Conference.

Shenwan Hongyuan stated that the structure of the current round of adjustment in Hong Kong stocks has moved toward completion. Non-tech sectors adjusted first from May to June, followed by adjustments in the tech tracks from June to July. The moneymaking and momentum effects have contracted sufficiently, indicating that the adjustment wave meets the conditions to draw to a close. Over the medium term, the AI industry trend remains the main battlefield for large-wave rallies, and tech tracks are expected to continue leading the gains.

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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