放量，大涨！

Core Viewpoint - The Hong Kong stock market experienced significant gains on January 12, with a trading volume exceeding 300 billion HKD, driven by a surge in technology stocks and positive sentiment surrounding AI applications [2][3]. Market Performance - The Hang Seng Index rose by 1.44% to close at 26,608.48 points, while the Hang Seng Technology Index increased by 3.10% to 5,863.20 points. The total market turnover reached 306.22 billion HKD, a substantial increase from the previous trading day [2][3]. - Notable stocks included Alibaba, which surged by 5.87% with a trading volume of 25 billion HKD, and the global leader in large models, Zhiyuan, which saw a dramatic increase of 31.40% [7][9]. Sector Highlights - The technology sector saw widespread gains, with 23 out of 28 constituents of the Hang Seng Technology Index rising. Kingdee International led the gains with a 12.16% increase, while SenseTime rose by 6.88%. However, Horizon Robotics experienced a decline of 4.19% [4][12]. - The AI sector is expected to be a key driver of market performance, with the Chinese government outlining plans to enhance AI applications in manufacturing by 2027, including the development of general large models and high-quality data sets [7]. Strategic Developments - Zhiyuan announced a strategic partnership with Didi to explore AI applications in transportation, which is expected to enhance their capabilities in complex business scenarios [11]. - The market is reacting positively to the anticipated release of new AI technologies, including Elon Musk's announcement regarding the open-sourcing of the latest content recommendation algorithm on the X platform [11]. Short Selling Activity - On January 12, a total of 701 Hong Kong stocks were short-sold, with a total short-selling amount of 36.24 billion HKD. Notable stocks with significant short-selling included Xiaomi, Alibaba, and Tencent [15][16].