全球大模型第一股，盘中再创新高

Core Viewpoint - The article highlights the performance of various sectors in the Hong Kong stock market, with a focus on the semiconductor sector's strength and the significant rise in the stock price of Zhizhu due to its collaboration with Huawei on an AI model [2][4][9]. Market Performance - On January 16, the Hong Kong stock market indices collectively declined, with the Hang Seng Index at 26,844.96 points, down 0.29%, and a total market turnover of HKD 255.1 billion [2][3]. - The semiconductor sector showed resilience, with Huahong Semiconductor rising by 7.39% following the easing of export regulations for NVIDIA's H200 chips to China [4]. Company-Specific Developments - Zhizhu's stock price reached a new high of HKD 263 per share, reflecting an increase of over 8% during the trading session. The stock closed at HKD 250, with a trading volume of HKD 1.045 billion [9]. - The rise in Zhizhu's stock is attributed to the successful launch of the GLM-Image model, developed in collaboration with Huawei, which quickly gained popularity on the Hugging Face platform [9]. Sector Insights - The new consumption concept stocks, including Pop Mart, experienced a decline, with Pop Mart falling by 5.60%. A report from Bank of America suggests that the Chinese consumption sector may see a "low first, high later" trend by 2026 [6]. - CICC's Liu Gang emphasized the importance of structural opportunities in the Hong Kong market, recommending a focus on four key sectors: AI, dividend stocks, cyclical stocks, and consumer stocks [10].