Huaan Hang Seng Tech ETF (513240) rose 1.52% in early trading, with AI-related themes such as Zhipu showing strong performance

On July 7, 2026, Hong Kong-listed tech stocks continued to strengthen. As of 09:55, the CSI Hong Kong Connect Information Technology Composite Index (930967) was up 0.94%, $Huaan CSI HK Connect Information Technology Composite ETF (513240.SH)$ up 1.52%, with the latest price at RMB 1.07.

Among its constituents, most AI-related stocks gained ground, led by Zhipu with an 8.24% increase, followed by Hua Hong Hongli and DeepTech.

On the news front, domestic demand for computing power remains robust. According to the latest data from OpenRouter, the total global API calls to large AI models last week (June 29 to July 5) amounted to 46.7 trillion tokens, essentially flat compared to the previous week. Among the ranked large AI models, Chinese models accounted for 23.45 trillion token calls last week, up 15.01% week-over-week, marking the sixth consecutive week of growth and the tenth straight week surpassing the United States to maintain the top global position.

Dongwu Securities noted that the Information Technology sector accessible via Stock Connect is being driven by the AI computing power cycle, semiconductor industry momentum, and digital economy development, highlighting its strong allocation value. On the policy front, artificial intelligence, data elements, computing infrastructure, integrated circuits, and the software industry continue to receive strategic national support. On the industrial side, semiconductor production, sales, and design revenues are maintaining rapid growth; the electronics sector benefits from consumer subsidies and smart device upgrades; and the computer sector continues to gain from expanding demand in digital transformation, industrial software, cloud services, and data services. Overall, the information technology industry is exhibiting characteristics of rising sectoral momentum, structural optimization, and broadening growth drivers.

Hong Kong-listed companies related to large-model concepts:

$Z.AI (02513.HK)$

A leading player in China's independent large language model sector (recognized by Frost & Sullivan for its capabilities and market position). The company has launched its new flagship model, GLM-5, achieving state-of-the-art open-source performance in coding and agent capabilities, and co-released with Huawei the multimodal image generation model GLM-Image. It focuses on novel model architecture design, general reinforcement learning paradigms, and autonomous model evolution, aligning its business strategy with the trend of enterprise-level AI productivity transformation.

$MININGLAMP-W (02718.HK)$

As a Hong Kong-listed large-model concept stock, Mingly Technology is dubbed the 'first Agentic AI stock on the Hong Kong exchange.' It has launched DeepMiner, a multi-agent collaborative data analytics platform for business intelligence, and the open-source Mano series of on-device GUI (graphical user interface operation) models. The company specializes in enterprise services and data intelligence, leveraging a multi-agent architecture focused on commercial data analytics. By grounding its systems in structured factual data, it reduces the risk of AI hallucinations and delivers decision-making agent pipelines for sectors such as marketing and consumer goods. It has also introduced AI-native hardware to broaden the deployment of intelligent agents.

$XUNCE (03317.HK)$

A leading domestic provider of financial asset management data infrastructure, often referred to by the market as the 'first token stock.' It continues to deepen integration of large models into core financial asset management workflows, reconstructing investment research, trading, and risk control pipelines through foundational data governance and AI technologies. Its robust capabilities in structured data cleansing align closely with the ongoing digital transformation of financial institutions and the trend toward compliant deployment of large models.

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