On June 23, Hong Kong stocks suffered a broad decline, triggering a sharp correction in the LLM and semiconductor sectors. MINIMAX plunged over 16% ahead of its impending lock-up expiration, while ZHIPU AI dropped 10%. On the industry front, both infrastructure development and commercial applications accelerated: Intel launched its "AI Home Brain" with domestic tech giants to propel the smart home ecosystem; Volcano Engine revealed Doubao's daily volume exceeded 180 trillion tokens alongside the release of Doubao 2.1 Pro; and DeepSeek established a dedicated "Harness" group to systematically build out its Agent infrastructure and product capabilities.
Leveraging its self-developed edge-side models Mano, Cito, and Mano-P, alongside the Cider inference framework, Mininglamp Technology(2718.HK) fully supports its strategic positioning in Agentic AI. Its new Agentic Services business generated over RMB 100 million in revenue during its inaugural year in 2025. Billed under an outcome-based delivery model of "token cost plus management fee," its four major application scenarios—performance advertising, brand advertising, content e-commerce, and micro-drama production—are already operating at scale.
NewTimeSpace (newtimespace.com) News: On June 23, 2026, the chip sector experienced a volatile retracement. HUA HONG GRACE (01347.HK) surged early in the morning session before pulling back. As of 13:20 PM, the company's share price was quoted at HK$163.700, down 0.55%.
NewTimeSpace (newtimespace.com) News: On June 23, 2026, the robot sector fluctuated and weakened. Midea Group (00300.HK) fluctuated downward, with the company's share price quoted at HK$81.450, down 1.45% as of 13:08 PM.
NewTimeSpace (newtimespace.com) News, Choice data shows that as of June 22, 2026, Harfor CSI Artificial Industry ETF Feeder Fund-A (008020) and Harfor CSI Artificial Industry ETF Feeder Fund-C (008021) recorded gains of 1.73% respectively. Over the past three months, the two artificial intelligence-themed funds have jumped by 39.70% and 39.60% respectively.
On June 22, Hong Kong stocks finished lower, yet the LLM and domestic chip sectors erupted counter-trend, with MiniMax skyrocketing nearly 24%, while ZHIPU AI and Mininglamp surged over 14%. In global talent dynamics, Nobel laureate John Jumper announced his departure from Google DeepMind to join rival Anthropic. On the product front, Tencent initiated a limited beta for its native WeChat AI assistant "Xiaowei," powered by its proprietary WeLM and DeepSeek. Furthermore, data showed global LLM call volumes rose for the ninth consecutive week, with Chinese models sweeping the top four spots; DeepSeek captured an 18.5% global market share.
GOFINTECH QUANT (00290.HK) anticipates a consolidated book loss of up to HK$2.138 billion for the year ended March 31, 2026. This loss stems primarily from non-cash accounting treatments: an impairment loss of HK$2.453 billion from acquiring CSOP equity, and an equity dilution loss of HK$219 million resulting from HK.AI CAPITAL's share issuance. Excluding these non-cash impacts, the company's adjusted annual net profit is expected to be HK$540 million, achieving an operational turnaround. This profitability is supported by growth in core financial brokerage, value realization of strategic investments, and associate contributions. Strategically, the firm is aggressively expanding its footprint in frontier technologies through investments in Hengsheng Technology (quantum hardware), Luffa AI (AI and Web3), and Yitu Biosciences (quantum AI pharmaceuticals).
HK.AI CAPITAL (01140.HK) projects its net profit for the year ended March 31, 2026, to reach HK$6.0-6.3 billion, representing a year-on-year surge of over 90x. This substantial growth is driven by two non-recurring items: a one-off gain of HK$3.45-3.65 billion from the disposal of its stake in CSOP Asset Management to GOFINTECH QUANT (00290.HK), and an unrealized fair value gain of HK$2.53-2.79 billion from holding GOFINTECH QUANT shares. This asset swap executes a structural adjustment of its underlying portfolio, shifting from traditional asset management to frontier sectors like quantum technology amid the valuation recovery in the Hong Kong market.
NewTimeSpace (newtimespace.com) News: On June 22, 2026, the chip sector experienced a volatile trading trend. ASMPT (00522.HK) opened lower and fluctuated, with the company's share price quoted at HK$202.400, down 3.07% as of 13:25 PM.
NewTimeSpace (newtimespace.com) News: On June 22, 2026, the robot concept sector fluctuated and weakened. Xiaomi Corporation-W (01810.HK) continued to open lower and move downward. As of 13:05 PM, the company's share price was quoted at HK$23.600, down 3.99%.
NewTimeSpace (newtimespace.com) News: As of 10:04 AM on June 22, 2026, 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.
NewTimeSpace (newtimespace.com) News, On June 22, 2026, large model concept stocks in the Hong Kong stock market collectively strengthened. Mininglamp Technology (2718.HK) opened higher and continued to push upward during morning trading. As of 9:53 AM, the company's share price was quoted at HK$245.400, up 16.19%.
On June 18, Hong Kong stocks drifted lower, yet the LLM and domestic computing power supply chains bucked the broader market decline to register substantial gains, led by ZHIPU AI surging over 26% and MiniMax jumping 12.3%. Iluvatar CoreX skyrocketed 21% amid reports of a massive chip procurement pipeline from ByteDance. The rally was primarily fueled by regulatory catalysts, as the SSE formally issued guidelines extending the STAR Market's fifth listing standard to pre-revenue AI LLM firms, sparking a sector-wide valuation rerate. Consequently, ZHIPU AI’s domestic listing process accelerated, with its IPO status upgraded to "Tutoring Acceptance." Meanwhile, the primary market witnessed a blockbuster Series A round by DeepSeek, drawing multi-billion RMB commitments from its founder, Tencent, and CATL.
NewTimeSpace (newtimespace.com) News: On June 18, 2026, the chip sector continued to strengthen as SMIC (00981.HK) fluctuated upward. As of 1:43 PM, the company's share price was quoted at HK$78.250, up 3.30%.
NewTimeSpace (newtimespace.com) News: On June 18, 2026, despite the strengthening of the humanoid robot sector, UBTECH (9880.HK) fluctuated and weakened. As of 1:30 PM, the company's share price was quoted at HK$107.500, down 0.65%.
the Shanghai Stock Exchange (SSE) 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 (hereinafter referred to as the "Guidelines No. 10")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.
