NewTimeSpace News: Ascletis Pharma Inc. (01672.HK) announced that preclinical data of ASC36_35 FDC, a once-monthly injectable fixed-dose co-formulation of ASC36 and ASC35, has been accepted for short oral discussion at the 62nd Annual Meeting of the European Association for the Study of Diabetes (EASD). Data show the candidate delivers superior weight-loss effects compared with eloralintide combined with tirzepatide in diet-induced obese (DIO) animal models.
NewTimeSpace News: ORBUSNEICH (06929.HK) announced that the first patient has been enrolled in OM-0031, the pivotal clinical trial of its coronary paclitaxel drug-coated balloon (DCB) in Japan. The trial evaluates the safety and efficacy of the Group’s self-developed DCB product. It will be conducted across 25 leading cardiovascular centres nationwide in Japan, with full enrolment targeted by the end of 2027.
On July 22, Hong Kong tech equities suffered broad-based declines, placing heavy pressure on the LLM supply chain. Dragged down by massive Q2 public fund sell-offs, Tencent and NetEase both plunged over 7%, triggering steep declines in MiniMax and Mininglamp. In contrast, catalyzed by WAIC, "Super Node" concept stocks within the compute supply chain defied the trend, with Huaqin Technology and Horizon Robotics posting strong gains. On the industry front, Google launched three new Gemini models catering to specific latency and security needs; Tencent fully rolled out Miora, a multi-agent collaborative AI creative agent; and Beijing hosted the promotion conference for China's first AI Agent Interconnection standards, where 17 enterprises including Meituan and ZHIPU AI signed on for pilot applications to drive standardized and interoperable agent ecosystems.
NewTimeSpace News: Suzhou Ribo Life Science Co., Ltd. (06938.HK) announced positive top-line results from the Phase IIa clinical study of its core asset vortosiran (RBD4059) in patients with chronic coronary artery disease (CAD). Among patients receiving standard aspirin therapy, the mean maximum reduction in FXI activity hit 92% in the high-dose cohort. No treatment-related serious adverse events or major bleeding episodes were observed, supporting a dosing interval of once every 3 to 6 months. This represents the world’s first clinical proof-of-concept for siRNA-mediated FXI inhibition in CAD patients.
In July 2026, HKIC portfolio company StepFun launched STEPX, the world's first LLM-native AI terminal brand, alongside the STEPX Neo agent smartphone, the agentic-native Step AOS, and the Amoo personal agent. This marks the first domestic integration of a "foundation model - system - hardware" full-stack AI ecosystem. By rebuilding the OS architecture from scratch, Step AOS enables the STEPX Neo to achieve the highest L3 certification for AI terminals and secure deep partnerships with top apps like Alipay and Meituan. Backed by HKIC's patient capital, StepFun—having dismantled its red-chip structure for an upcoming Hong Kong IPO—is rapidly closing the loop between technological breakthroughs and commercial application.
NewTimeSpace News: On 22 July 2026, XPENG-W(09868.HK) fluctuated downward in the afternoon trading session. As of 14:52, the stock was quoted at HK$50.45, down 2.79%. XPeng disclosed that cumulative orders for its flying cars have exceeded 7,000, ranking among the top tier worldwide in order volume.
NewTimeSpace (newtimespace.com) reported that on July 22, 2026, the chip theme showed choppy trading, with ASMPT (00522.HK) turning from gains to losses. As of 13:26, the stock was quoted at HKD 170.300, down 0.82%.
NewTimeSpace (newtimespace.com) reported that on July 22, 2026, the robotics theme fluctuated weaker, with Xiaomi-W(01810.HK) opening lower and declining. As of 13:08, the stock was quoted at HKD 26.600, down 2.99%.
NewTimeSpace News: SYNAGISTICS (02562.HK) announced the launch of Geene 2.0, an enterprise-grade intelligent ecosystem designed to resolve fragmentation in AI adoption and enable scalable commercial rollout. Co-developed by Synagie, the Group’s digital commerce brand, together with 11 founding partners including BytePlus, China Mobile International and SingData, the platform integrates capabilities across AI, data, media, commerce and blockchain. It is scheduled for official commercial launch on 8 August 2026.
NewTimeSpace News: HXTL (01085.HK) announced that Zhejiang Zhongguang New Energy Technology Co., Ltd., its indirectly non-wholly-owned subsidiary, has received a Shortlisting Notice issued by Qinghai Provincial Development and Reform Commission and successfully secured the bid for the first batch of standalone concentrating solar power (CSP) projects of 2026. Located in Haixi Mongolian and Tibetan Autonomous Prefecture, Qinghai Province, the project is required to commence construction by end-December 2026 and achieve grid connection upon completion by end-December 2028.
On July 21, Hong Kong equities consolidated, while the LLM and semiconductor supply chains staged a powerful rebound. ZHIPU AI skyrocketed nearly 37% after launching a 1GW all-domestic-chip data center and acquiring Zhongke Jiahe to solidify its infrastructure capabilities; MiniMax and XUNCE also posted significant gains. The semiconductor sector erupted across the board, driven by robust AI hardware demand. On the industrial front, Tencent Hunyuan launched Hyra-1.0, an agent capable of recursive self-improvement; ZHIPU AI operationalized its 10k-chip domestic computing clusters; and Alibaba released Qwen-Image-3.0, supporting ultra-long contexts for complex visual generation. This highlights the accelerating integration of foundational compute infrastructure and frontier agentic engineering.
HKIC portfolio company Moonshot AI released Kimi K3 in July 2026, the world's largest open-source model with 2.8 trillion parameters. Built on a hybrid linear attention mechanism and MoE architecture with a 2.5x scaling efficiency boost, K3 topped the Arena AI Frontend Code Arena leaderboard with 1,679 points, demonstrating exceptional long-horizon programming and autonomous Agent capabilities. Backed by HKIC's "patient capital," Moonshot AI has seen its ARR surpass USD 300 million and is advancing toward a Hong Kong IPO. Due to overwhelming user demand pushing computing clusters to their limits, the team temporarily suspended new C-end subscriptions on July 19 to prioritize cluster expansion.
The Unique Bloom 2026 summit highlighted a fundamental shift in consumer decision-making paths, with traffic migrating from traditional platforms to AI large language models, making GEO (Generative Engine Optimization) a critical new battleground for brands. The summit advised companies to adopt a dual SEO and GEO strategy, converting first-party data into AI-readable structured assets to transition from "traffic-driven" to "decision-path" thinking. In terms of budget, brands should prioritize digital infrastructure and high-conversion channels. Furthermore, in an era of algorithmic convergence, a brand's true economic moat will rely on the differentiated combination of "people, goods, places, and values."
NewTimeSpace (newtimespace.com) reported that on July 21, 2026, Hong Kong semiconductor stocks rebounded sharply, with SMIC(00981.HK) surging. As of 13:34, the stock was quoted at HKD 153.84, up 6.83%.
NewTimeSpace (newtimespace.com) reported that on July 21, 2026, the robotics theme rebounded sharply, with UBTECH (09880.HK) rising in choppy trading. As of 13:15, the stock was quoted at HKD 83.500, up 1.71%.
NewTimeSpace (newtimespace.com) News, On July 21, 2026, Hong Kong stock tech themes continued to strengthen. As of 10:34, the CSI Hong Kong Stock Connect Information Technology Combined Index (930967) surged 2.56%. Choice data shows that Hwabao WP CSI HK Equities Information Technology Integration ETF Initiating Feeder Fund (026755) rose 1.75% on July 20, 2026. In terms of fund shares, its total shares expanded from 89 million to 213 million units between March 3, 2026, and June 30, 2026, representing a growth of 124 million units over three months and achieving significant expansion.
